By Kuldip K. Ambastha
On Thursday, December 8, 2022, the stock of Ciena Corporation (CIEN), a technology (tech) company, had a +20.0% per share jump in its price. (See past coverage if needed: “What Caught Our Attention in the Investment World? – Week of August 31 – September 4, 2020; By Kuldip K. Ambastha.”) For the company’s latest quarter, earnings and revenues both surpassed expectations. Corporate management is expecting strong growth in revenues, in the near future. Ciena’s supply chain problems of the past have eased, allowing for better integrated circuit supply from the company’s vendors and also resulting in the procurement of parts on the open market smoothly.
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in CIEN.
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