OT - CIEN
OT - CIEN - Ok, so the 'explanation' is continued concern about
the softer than expected guidance CIEN gave during the CC, which
was weeks ago. One major analyst came out defending the stock,
saying yes, he expects lighter than guided revs for 2019 and the
first half of 2020, but thinks at 15.3X earnings, it's a buy
at this price. I did dip my toes in the water here, thinking it
might be a trade, on a (hopeful) bounce-back.
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I think there are macro issues also. Afraid of the bubble,
afraid of Trump, etc.
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Author:
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breinejm
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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10/04/19 at 9:48 AM CDT
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