<p>CIEN - the early 5% downside dip was that they missed EPS - something like .58 vs. expected .65. First EPS miss in 5 or 6 quarters. But they 1. Reconfirmed guidance for the next quarter and year; and 2. as Jon</p> <p>noted, increased earnings in years going forward from 20. The set-up was certainly, I think, that the UBS recent report that was so deadly negative on the stock spooked so many people, that their confirmation of the next Q and year provided a ton of relief, and belief, in the stock. I wonder what the egg on that analyst's face feels like? And whether he'll just hush up or come out and defend his view as long term. Matters not at the moment - stock up 18%. Yahoo!</p>