Ciena Two Way Communication

Ciena Corporation (NASDAQ:CIEN) released Q2 info and identified itself as schizophrenic. We all know that the business environment is difficult. But when you follow this quote you will realize that the management team wants to speak out of both sides of their mouth at the same time.

“Our fiscal second quarter was particularly challenging, reflecting the difficult macro and industry environment and continued delays in customer spending,” said Gary Smith, Ciena’s CEO and president. “While recent service providers’ public commentary about expected annual capital expenditures has given the industry reason to be more optimistic about the second half of the year, our customers continue to spend cautiously, and as a result, our visibility remains limited. However, based on our direct conversations with customers and supported by trends we are seeing currently in the business, including recently improved order flow, we expect to deliver sequential revenue growth in our fiscal third quarter.”

Talk about a statement that was drafted in anticipation of rear view observation at some point in the future.