Ciena: Recent dip suggests year-end profit-taking

Wed, 25 Nov 2009 20:10:00 GMT

Filed under: Ciena Corp (CIEN), Stocks to Buy

Ciena credit rating downgraded by Standard & Poor’s

Wed, 25 Nov 2009 19:20:52 GMT

The ratings agency kept Ciena (NASDAQ: CIEN) on its watch list as well, meaning the Linthicum telecommunications technology firm could see further downgrades. A lower credit rating makes it more expensive for Ciena to borrow and raise money, because it’s considered a less-safe investment.

S&P cuts Ciena Corp to B - Zibb.com

Wed, 25 Nov 2009 10:26:52 GMT

25 November 2009 - S&P on Tuesday cut by one step to B its corporate credit rating on US communications networking equipment maker Ciena Corp (NASDAQ:CIEN). The agency also continued the "negative" watch on the rating. Ciena has filed a winning bid for almost all assets of Nortel's

Ciena downgraded to "underperform"

Tue, 24 Nov 2009 19:34:08 GMT

NEW YORK, November 24 (newratings.com) - Analysts at Jefferies & Co downgrade Ciena (ticker: CIEN) from "hold" to "underperform." The target price has been reduced from $11 to $9. [more]

S&P downgrades Ciena to 'B,' may cut again

Tue, 24 Nov 2009 18:38:49 GMT

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Tuesday lowered Ciena Corp.'s corporate credit rating to B from B+ and kept it on CreditWatch with negative implications, indicating that there could be additional downgrades in the future. The move follows an announcement that

S&P Downgrades Ciena To 'B,' May Cut Again

Tue, 24 Nov 2009 18:38:00 GMT

S&P; Downgrades Ciena To 'B,' May Cut Again

Ciena buys Nortel's Metro Ethernet business

Tue, 24 Nov 2009 15:47:16 GMT

Nortel Networks will sell another piece of its business for $769 million as part of its bankruptcy proceedings, which require it to dismantle its business. Read this blog post by Marguerite Reardon on Signal Strength.

Reseller News > Ciena will pay US$769M for Nortel's metro Etherne...

Tue, 24 Nov 2009 10:29:17 GMT

Nokia Siemens Networks has lost yet another auction for some of Nortel's assets

Ciena buys Nortel metro Ethernet, optical units

Tue, 24 Nov 2009 10:04:00 GMT

Nortel Networks has agreed to sell its metropolitan Ethernet and optical networking units to Ciena for $769 million...

Ciena to buy Nortel unit in $769 million deal

Tue, 24 Nov 2009 05:00:00 GMT

Linthicum-based Ciena announced Monday that it has won a bid to buy a major piece of bankrupt Canadian tech firm Nortel Networks.

Ciena is successful bidder for optical and carrier Ethernet asset...

Tue, 24 Nov 2009 01:57:42 GMT

Ciena is successful bidder for optical and carrier Ethernet assets of Nortel’s Metro Ethernet Networks businessCiena has today announced that it has been selected as the successful bidder in the auction of substantially all of the optical networking and carrier Ethernet assets of Nortels Metro

Ciena wins Nortel Ethernet unit

Mon, 23 Nov 2009 17:35:00 GMT

Ciena has won the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business for $769 million, with $530 million of that in cash and $239 million in convertible notes due June 2017.

Ciena Confirms It Won Nortel Auction; Holders Not Happy

Mon, 23 Nov 2009 17:23:52 GMT

Ciena (CIEN) confirmed this morning that it will pay $769 million for the optical networking and carrier Ethernet assets of Nortels Metro Ethernet Networks business. The purchase price will be $530 million in cash plus $239 million in 6% senior convertible notes due 2017. The interest rate

Ciena wins bidding for Nortel divisions

Mon, 23 Nov 2009 17:15:00 GMT

US firm outbids Nokia Siemens Networks in battle for optical and carrier Ethernet businesses

Ciena picks up Nortel units

Mon, 23 Nov 2009 17:08:36 GMT

Network infrastructure supplier Ciena has won the auction for Nortel's optical networking and carrier Ethernet business with a bid of $769m (£463m).

The...

Ciena Buys Nortel's Metro Ethernet Business For $769 Million

Mon, 23 Nov 2009 16:52:35 GMT

Ciena is picking up the optical and carrier Ethernet assets of Nortel's Metro Ethernet networks business, with a winning bid of $769 million in a bankruptcy auction.

Ciena Wins Nortel Carrier Ethernet, Optical Unit

Mon, 23 Nov 2009 16:47:27 GMT

At the core of the Internet's infrastructure are optical networking and carrier Ethernet technologies that provide bandwidth and connectivity. One of the leaders in the space has been Nortel Networks, but that is soon to change.

Ciena Wins Nortel Units

Mon, 23 Nov 2009 16:45:00 GMT

Nokia Siemens Network was outbid by Ciena's $769 million offer for Nortel's Optical Networking and Carrier Ethernet units.

Ciena picks up Nortel units

Mon, 23 Nov 2009 16:16:59 GMT

23 November 2009 Network infrastructure vendor Ciena has won the auction for Nortel's optical networking and carrier Ethernet business with a bid of $769m (£463m). Earlier on Monday competing bidder Nokia Siemens Networks pulled out of the auction, as reported by MicroScope.

Ciena will pay $769M for Nortel's metro Ethernet business

Mon, 23 Nov 2009 16:00:00 GMT

Ciena will pay $769 million for the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business, the two companies said on Monday.

Ciena Wins Nortel's Optical Networking, Ethernet Business

Mon, 23 Nov 2009 15:28:08 GMT

Ciena has trumped a competing bid by Nokia Siemens to win the auction of Nortel's optical networking and carrier Ethernet business for $769 million, reports

Ciena Wins Nortel's Optical-Networks Unit at Auction - Bloomberg

Mon, 23 Nov 2009 15:22:31 GMT

[bn:WBTKR=CIEN:US] Ciena Corp. [], the fiber-optic gear maker for phone companies, won an auction for [bn:WBTKR=NT:CN] Nortel Networks Corp. []’s optical-networking business, trumping a bid from Nokia Siemens Networks by raising its offer to $769 million.

ciena-logo

Mon, 23 Nov 2009 15:18:54 GMT

Ciena (s cien) today beat out Nokia (S NOK) Siemens (S SI) Network to buy bankrupt Nortel's metro Ethernet business ...

Ciena tops Nokia Siemens in Nortel auction

Mon, 23 Nov 2009 15:01:12 GMT

was enough to beat out Nokia Siemens and give the Maryland-based telecommunications equipment maker the victory in an auction to buy the optical networking and carrier Ethernet business of bankrupt Nortel Networks, the three companies announced Monday.

Ciena to pay 462M for Nortel's metro Ethernet arm

Mon, 23 Nov 2009 14:44:00 GMT

Ciena will pay £462 million ($769 million) for the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business.

Zibb.com: Ciena Corporation (Industry News & Blogs)

Ciena: Recent dip suggests year-end profit-taking

Ciena credit rating downgraded by Standard & Poor’s

S&P cuts Ciena Corp to B - Zibb.com

Ciena downgraded to "underperform"

S&P downgrades Ciena to 'B,' may cut again

S&P Downgrades Ciena To 'B,' May Cut Again

Ciena buys Nortel's Metro Ethernet business

Reseller News > Ciena will pay US$769M for Nortel's metro Etherne...

Ciena buys Nortel metro Ethernet, optical units

Ciena to buy Nortel unit in $769 million deal

Ciena is successful bidder for optical and carrier Ethernet asset...

Ciena wins Nortel Ethernet unit

Ciena Confirms It Won Nortel Auction; Holders Not Happy

Ciena wins bidding for Nortel divisions

Ciena picks up Nortel units

Ciena Buys Nortel's Metro Ethernet Business For $769 Million

Ciena Wins Nortel Carrier Ethernet, Optical Unit

Ciena Wins Nortel Units

Ciena picks up Nortel units

Ciena will pay $769M for Nortel's metro Ethernet business

Ciena Wins Nortel's Optical Networking, Ethernet Business

Ciena Wins Nortel's Optical-Networks Unit at Auction - Bloomberg

ciena-logo

Ciena tops Nokia Siemens in Nortel auction

Ciena to pay 462M for Nortel's metro Ethernet arm