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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

12/08/20 at 11:40 AM CST

 

 

READ: 3

RPLY: 2

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Sentiment:

Neutral

CIEN

While CIEN has been climbing nicely of late, their earnings are out Dec. 10th, and I'm leery of the buy and sell calls strategy this time around. They're expected to show a 14% decline in revs, and 

analysts are expecting .58 in earnings vs. .63 a year ago. So, I'm on the sidelines, wishing I had bought more at $38, but hoping they'll continue, in the long run, to appreciate back to where I bought my last shares in the $50's. Average analyst PT is $54. Let's hope there not optimistic enough. Their sales/service model seems to be built around in-person site visits, so the pandemic is quite bad news for them. Good that we seem to be heading towards some kind of normalcy before too long. 

 

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