Diamonds and Dogs
Starbucks (SBUX) aggressive growth strategy. Starbucks is up 4% to an all-time high is looking to expand its store footprint by more than 66% globally or 55,000 new stores. The company also reaffirmed guidance for 2021 while expecting outsized earnings growth with non-GAAP earnings growth of at least 20%, for 2023,
One tech going the wrong way. Telecom-networking equipment maker Ciena (CIEN) is down 3% after missing fourth-quarter earnings expectations while also lowering guidance. Ciena is blaming the COVID-19 macro environment slowing down orders. The good news is Ciena will resume its share repurchase program in the first quarter of 2021.
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