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Ciena Corp Drops In Pre-Market Trading.

VANCOUVER, BRITISH COLUMBIA, Aug 16, 2001

Among the wide range of North American stocks available to EquityAlert.com's news alert subscribers, a FREE service available at www.equityalert.com, was Ciena Corp (NASDAQ: CIEN), dropped 80 cents in pre-market trading after reporting earnings in line with analyst expectations. Ciena Corp reported net income of $58 million, or 17 cents a share, compared with earnings of $28.8 million, or 10 cents a share in the year-earlier period. After one-time items the net income fell to $5.65 million, or 2 cents a share. Analysts had expected Ciena to earn 16 cents a share, in a range of 11 cents to 19 cents, according to market research firm Thomson Financial/First Call. …

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