Como se combate o populismo? "Com eleições", responde Fukuyama

[azarento]

Olá AC!!
Sem duvida que a Ciena no médio/longo prazo é para quenbrar os 3.00!
Um abraço!

[AC]

5/4/05 4:03:00 PM ET

NEW YORK - Stephen L. McKee, editor of No-Load Mutual Fund Selections & Timing, and an independent investment adviser and analyst in Richardson, Tex., recommends buying shares of Ciena.

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The Linthicum, Md.-based communications networking company, which competes against the likes of Lucent (nyse: LU - news - people ) and Nortel Networks (nyse: NT - news - people ), traded as high as $149.50 per share in October 2000 but, like most other technology and telecom companies, suffered a spectacular collapse of share price and market capitalization after the great speculative bubble of the late 1990s and 2000 burst.

Ciena (nasdaq: CIEN - news - people ) shares have been extremely volatile in the past three years. Coming off the October 2002 bottom, Ciena tripled from $2.50 to $7.50 within three months, but then retraced almost 50% of that move before hitting $8 in January 2004. The stock spent most of 2004 in decline, getting down to $1.70 in mid-August, before more than doubling to $3.50 in the last week of December.

For the first three months of 2005, Ciena gave up all of its late 2004 gains, and put in what McKee calls "a classic double bottom" when it closed at $1.69 last month on April 4. Since that low, Ciena gained 36% by April 29, though has pulled back less than 5% and closed Tuesday at $2.20.

Fundamentally, McKee is encouraged by recent developments at Ciena. For the company's fiscal first quarter ended Jan. 31, 2005, the net loss decreased 25% to $57 million from $76 million a year before. Because of growth in optical transport, switching and data networking sales, revenues were up 43% to $94.7 million from $66.4 million in the first quarter one year ago. Revenues were up 16% sequentially.

On April 25, Ciena even got a break from Wall Street, when Piper Jaffray upgraded the company to "outperform" from "market perform." Analyst Cobb Sadler cited Ciena's decent earnings visibility thanks to scheduled sales to MCI (nasdaq: MCIP - news - people ), Verizon (nyse: VZ - news - people ) and others and said that he believes the company's higher margin product mix should have a positive effect on profitability.

Ciena also has some appealing value characteristics, though pessimists could still argue that it's a bloated beast. It trades for 3.9 times sales, but its price-to-book-value ratio is just 1.2. The company also has $1.57 per share in cash on the books, although the $1.32 billion market cap company also carries a debt load of $690 billion for a debt-to-equity ratio of .63.

McKee says that his initial upside target is $3.25, with the next target at $5. He advises placing a stop loss at $1.90 on purchases of Ciena.

The investment above was recommended in Forbes Newsletters' FREE Stock of the Week e-mail. Click here to receive Stock of the Week next Monday morning.

[AC]

A CIEN explodiu esta semana depois de divulgada a noticia de que tinha ganho um contrato de 5 anos com a BT , destronando assim a sua rival MARCONI. Lembre-se que este negócio envolve milhões e que poderá levar a CIEN novamente para uma das empresas do sector das telecomunicações com maior potencial de valorização nos próximos 12 meses, a quem afirme já nos 5$ que deverão ser atingidos no final do ano.

NOTICIA:
Ciena Selected for BT's 21st Century Network
Thursday April 28, 2:16 am ET


LINTHICUM, Md.--(BUSINESS WIRE)--April 28, 2005--Ciena® Corporation (NASDAQ:CIEN - News), the network specialist, today announced that BT has selected Ciena as a preferred supplier to support its 21st Century Network (21CN), a five-year project to transform BT's business and enable the cost-effective delivery of next-generation converged, multimedia communications across a single multiservice network. BT has announced it expects to conclude contractual agreements with named preferred suppliers over the summer. BT plans to deploy Ciena's technology as it migrates services from the existing UK public switched telephone network (PSTN) to a single, multiservice internet protocol (IP)-based network.
Under the multi-year agreement, BT plans to deploy Ciena's optical switching and transmission and Ethernet transport platforms to enable network convergence and accelerate service delivery. Designed to reduce network complexity and the costs associated with service fulfillment, Ciena's platforms will help enable a network architecture for BT designed with significantly fewer network elements.

"The 21CN project exemplifies BT's commitment to innovation and its dedication to going above and beyond for the benefit of its customers," said Gary Smith, president and CEO, Ciena. "Ciena's applications-driven technology is ideally suited for innovative networks like 21CN. We are proud to continue working with an industry leader like BT as it embarks on this massive transformation."

Smith continued, "We believe BT selected Ciena for its technology leadership, demonstrated performance in building large, adaptive carrier-class networks, and commitment to delivering vendor-interoperable solutions, while enabling the convergence of an IP network via an optical backbone. Ciena's platforms also provide BT an unsurpassed level of network flexibility to enable a practical, seamless migration from TDM to IP."

BT's 21CN, a global IP infrastructure that carries voice, data and Internet services on a single network, aims to enable BT customers to access any communications service from any device, anywhere at broadband speed. The 21CN will deliver more choice, control and accessibility, as well as increased flexibility, reliability and security for BT's business and residential customers.

LEMBRAM-SE DO QUE ACONTECEU Á COTAÇÃO DA JUNIPER ?? Foi dos 4$ aos 31$ num espaço de 6 meses.
Existe comentários nos corredores de Wall street q dizem que algo poderá estar por detrás desta subida e dos negócios da CIEN, nomeadamente uma possivel aquisição por parte da JNPR.

Esta opinião pessoal não serve como uma recomendação para quem decide investir, apenas serve para informar as últimas que correm no mercado.