Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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BMO cited its positive Q3 results as a catalyst for future growth, especially as the company continues to diversify globally. Q3 revenues came in line, but "margins and EPS was better much than expected," said BMO.
This good news is coming amid a challenging spending backdrop in the telecommunications industry. Ciena has also been diversifying its business away from telecommunications customers, with non-telco customers representing 37 percent of revenues, a record for the company.
"We continue to believe that Ciena is set up well for sustained revenue growth as growth in metro optical, submarine, and DCI becomes more evident heading into 2017," said BMO.
Ciena traded at $22.83, down 1.49 percent at time of publication Friday.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.