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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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