Monday, November 28, 2016

Why Ciena's stock is down on Monday

Ciena Corp.’s stock price is down more than 4 percent in trading Monday after an analyst expressed caution about the computer networking company’s upcoming quarterly earnings reports. Alex Henderson, a senior analyst at New York investment firm Needham & Co., said in a note he expects Hanover-based Ciena to meet its fourth-quarter earnings expectations, but at the lower end of estimates. He also expects Ciena to lower its guidance for its current first quarter because of increased merger and acquisition…



from http://www.bizjournals.com/baltimore/news/2016/11/28/why-cienas-stock-is-down-on-monday.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/153786439777

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