Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of telecommunications equipment builder Tellabs
So what: The actual results of the third quarter weren't bad, roughly in line with analyst expectations overall. But management told us that sales are stalling in the fourth quarter, and gross margins will squeeze down to 44% after reaching a healthy 50% in this quarter.
Now what: On the upside, Tellabs remains more profitable than close rival Alcatel-Lucent
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