Ciena Corp (NYSE:CIEN)
$ 49.31 -0.01 (-0.02%) Market Cap: 7.13 Bil Enterprise Value: 7.37 Bil PE Ratio: 32.02 PB Ratio: 2.44 GF Score: 82/100
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Ciena Corp at Needham Virtual Growth Conference Transcript

Jan 12, 2021 / 01:30PM GMT
Release Date Price: $54.2 (+2.67%)
Alexander Henderson;Scott Alexander McFeely
Needham & Company, LLC, Research Division - Senior Analyst;Ciena Corporation - SVP of Global Products

Good morning. So my name is Alex Henderson. I'm the networking, optical and security analyst at Needham. It's a pleasure to have Gregg Lampf and Scott McFeely from Ciena here today. We're going to do a fireside chat conversation for the next 40 minutes. (Operator Instructions) Or alternatively, you can e-mail me at [email protected].

We think Ciena is a very interesting stock here. We're -- we have a buy rating on it. We believe that the industry is at a trough at this point, that there's significant opportunity for Ciena's stock to outperform as the COVID environment recedes and spending and service providers start to rebound. In addition to that, we think that there's huge opportunities to gain share over the longer term from the Huawei installed base, which ultimately, Ciena is particularly well-positioned against.

So with that, let me welcome you guys, Scott, Gregg. Thanks for joining us today.

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