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CIENA Corp. (CIEN) SqueezeTrigger Price Is $3.33. Short Sellers Are Down Approximately $57 Million After Company Posts Narrower Than Expected Loss.

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M2 PRESSWIRE-1 June 2006-BUYINS.NET: CIENA Corp. (CIEN) SqueezeTrigger Price Is $3.33. Short Sellers Are Down Approximately $57 Million After Company Posts Narrower Than Expected Loss.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:01062006

www.buyins.net, announced today that the 46.91 million shares declared short on CIENA Corp. (NASDAQ: CIEN) have a SqueezeTrigger Price of $3.33 per share. According to AP, the telecom equipment company said it narrowed its fiscal second-quarter loss, helped by cost reductions. Loss for the quarter ended April 30 narrowed to $1.9 million, or breakeven on a per-share basis, from a loss of $74.8 million, or 13 cents per share, during the same period last year. On an adjusted basis, the company recorded earnings of $3.6 million, or a penny per share, versus a year-ago loss of $28.4 million, or 5 cents per share. Revenue grew 26 percent to $131.2 million, from $103.8 million last year. Analysts, on average, predicted a loss of a penny per share on revenue of $129.1 million, according to a poll by Thomson Financial. Gary Smith, Ciena president and chief executive, said results were helped by gross margin improvement from product and manufacturing-related cost reductions, along with favorable product mix. The company said it expects third-quarter revenue to grow 7 percent to 10 percent from its second-quarter revenue. Short sellers are down approximately $57 million as the stock is currently trading near $4.43. To access SqueezeTrigger Prices ahead of short squeezes beginning, visit http://www.buyins.net.

From January 2005 to April 2006, an aggregate amount of 1,242,730,513 shares of CIEN have been shorted for a total dollar value of $4.14 billion. The CIEN SqueezeTrigger price of $3.33 is the volume weighted average price that all shorts are short in shares of CIEN. Since crossing above the SqueezeTrigger Price,...

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