Ciena held their analyst meeting in NYC today.Â Although we were around town we still attended remotely which is more useful than being there, but that’s another RealVR story.
Although the company has well-known customer concentration issues and overpaid for WorldWidePackets management articulated some very intriguing developments in the metro space that we think position the company well for some of the adoption trends we see coming.Â Â This is a very interesting, long-term and pervasive area for development for metropolitan areas and the technology convergence that will go on there.Â Ciena sees it and is getting positioned there while it sees it’s stock crater to the single digits.
Management wasted a trip in coming to talk to typical securities analysts who focused on useless near-term questions like: "Are you going to do a stock buyback?", "Can you give us full year future guidance?", "Are you going to take the company private?"Â All we can say is:Â Analyst, please!
Obviously the company doesn’t know or can’t say. How about engaging on the material they came to present and so some of your own work on the name.Â Companies should just do these analyst meetings online.
At the same time we hope the company has a good 1-on-1 schedule where they might even have a discussion about what’s really going on in the business and how it can play out over the next 12-18 months.
If not they should do these from HQ using video and collaboration which will be more efficient and drive the kind of bandwidth they are positioned to supply.