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 optical networking equipment maker Ciena
So what: For the quarter, Ciena reported a 14% rise in sales to $477.6 million with an adjusted profit of $0.04 which reversed a year-ago loss of $0.66. This compared favorably with Wall Street's expectation for a loss of $0.03 on just $447 million in revenue. As Ciena CEO Gary Smith has said before, he believes the company's growth in the second half should easily outpace its first-half performance, which could be a green light for investors to buy.
Now what: Following lackluster earnings reports from Cisco Systems
Craving more input? Start by add Ciena to your free and personalized watchlist so you can keep up on the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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