Cisco Systems (CSCO) -4% Networking name beats by a penny in Q2 (Jan) report on revenues that rose 15%; Guides Q3 (Apr) sales to up 1-3% sequentially - above that of the Street's forecast of $5.37 bln; CEO Chambers says on call 'the majority of our customers are cautiously optimistic but more conservative on capex and hiring than you would expect at this stage of the recovery' and that has contributed to CSCO's fall
Ciena (CIEN) -14% Telecom service provider warns for Q1 (Jan), says it should report a loss of $0.08-0.10 on revenues of $66.4 mln (consensus of $75.75 mln); Blames shortfall on the timing of a single order; Competitors LU, NT, and TLAB are down more than 2% tonight
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