Ciena (CIEN) is rising on short covering. CIena is now trading up to $14.60
Ciena beat earnings by $0.17, but guided Q4 revs below consensus .
Ciena explained,
“Our third quarter results, which included a favorable product mix and reduced operating expense to achieve an as-adjusted operating profit, demonstrate our early progress in delivering additional operating leverage from the business.”
JDS Uniphase (JDSU) is a sympathy play.
Those holding Ciena may consider selling into the strength.
ZYX BUY CHANGE ALERT closely follows optical component stocks such as Ciena and JDS Uniphase, and will issue an actionable signals if and when all six screens of the ZYX CHANGE METHOD are met.
