CIENA Corp (CIEN) 28.12: Optical networking equipment
company reports Q3 earnings of $0.17 a share, $0.01 better than
the First Call consensus of $0.16, vs year-ago earnings of $0.10;
revenues rose 96.4% to $458.07 mln from a year-ago of $233.27
mln; CEO said, "Though the overall telecom equipment market is
likely to show continued slowdown over the next year, we believe that
our portion of the market - next-generation systems - will continue to
grow as carriers redirect capital expenditures toward solutions that
lower costs and increase revenues. We expect that if we can continue
to take market share from our legacy competitors, we will be able to
deliver continued annual revenue growth.".