ATLANTA, Feb. 16, 2001 (PRIMEZONE) -- The following is being issued by WinningInvestments.com:
While many companies have announced earnings warnings going forward, Ciena Corp. (Nasdaq:CERN) announced revised upward growth projections after it reported yesterday.
Yesterday, CIEN reported that fiscal first-quarter net income had jumped 31%. WinningInvestments.com (www.WinningInvestments.com), a leading Internet-based stock information site that provides covered call selections and investment strategies, recently highlighted CIEN in its Newsletter. The investment website sends out via e-mail its Newsletter, which contains news, commentary, education and covered call highlights, at the close of the market on Monday, Wednesday, and Friday.
WinningInvestments also selected CIEN as one of its potential covered call candidates for its website. The company lists its covered call candidates on its website three times per week.
Ciena Corp. currently has 9 analysts recommending it as a strong buy, 11 as a buy, and 4 as a hold. CIEN is currently trading at $82 5/8, with the bid on the March 2001 $80 call at $9 5/8. This gives downside protection of 11.6% and a yield if called of 8.5%.
Investors who are unfamiliar with covered calls can learn about this investment method at www.WinningInvestments.com. WinningInvestments.com usually offers investors a free 10-day trial, where they can view the services with no risk or obligation. Between now and Feb. 23, 2001, members can receive a 15-day trial by stating "15-day trial" in the "How did you hear about us?" section of the registration page. To visit their site, go to http://www.WinningInvestments.com .
WinningInvestments.com also offers six different categories of covered call selections and nine different investment strategies. The covered call selections are updated on the website each week on Tuesday, Thursday and Sunday. The strategies include three different strategies for Dogs of the Dow, aggressive and conservative investors.