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Rap Sheet

Author:

Jam ok

Subject:

Conference Call

Date:

10/24/19 at 1:47 PM CDT

 

 

READ: 4

RPLY: 2

0

0

RECS:0

Sentiment:

Neutral

OT - NOK

NOK - Met earnings, beat on revs. But gave downward guidance for 2020 and (at least temporarily) suspended dividend for the next 2 qtrs, and said when (if?) reinstituted, it'd be based on earnings going forward. Sounds like they're also concerned about cash going forward. Stock off 25%. CIEN and CSCO fall somewhat, apparently in sympathy. Hard to say what to do. Earning that dividend while waiting was a big enticement to hold the stock. By their own reckoning, if 2020 won't be good, when will it be? Bad day at the OK Corral.

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