Orlando, FL -- (SBWIRE) -- 09/05/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On The Walt Disney Company (NYSE:DIS), Ciena Corporation (NASDAQ:CIEN).
The Walt Disney Company (NYSE:DIS) shares climbed 0.30% to $61.11. DIS‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on August 29. The analysts wrote, “Walt Disney (DIS) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income.
Additionally, the company issued its quarterly earnings data on August 6. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by $0.01. The company had revenue of $11.58 billion for the quarter, compared to the consensus estimate of $11.64 billion.
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Ciena Corporation (NASDAQ:CIEN) stock increased 13.83% to $23.54. The company, on Sept. 4, announced unaudited financial results for its fiscal third quarter ended July 31, 2013. For the fiscal third quarter 2013, Ciena reported revenue of $538.4 million. On the basis of generally accepted accounting principles (GAAP), Ciena's net loss for the fiscal third quarter 2013 was $(1.2) million, or $(0.01) per common share, which compares to a GAAP net loss of $(29.8) million, or $(0.30) per common share, for the fiscal third quarter 2012.
Additionalyl, Ciena® Corporation (NASDAQ: CIEN), the network specialist, and Retelit Spa, a leading Italian provider of data services and infrastructure, on August 29 announced the deployment of Ciena's converged packet optical solutions to modernize Retelit's network and improve efficiency, latency and scalability. By deploying this high-performance, low-latency network in its backbone and throughout metropolitan locations, Retelit can offer a range of new services and support key applications like high-frequency trading, e-healthcare and replication of real-time data.
Is CIEN going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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