NEW YORK (TheStreet) -- TheStreet's Jim Cramer and Debra Borchardt are here to talk about the recent earnings results from Ciena (CIEN).

To the surprise of many, Ciena actually posted a slight profit this morning when many analysts expected negative earnings per share. That's not what has this stock flying high today though, but rather the guidance that the company provided.

Ciena announced third quarter revenue estimates in the range of $515 million to $545 million, while analysts expected revenues of only around $509 million.

While the range is wide, somewhere in the middle would be a large increase over what analysts and investors expected going into the report.

Cramer noted that most people had written off the telecoms and didn't think they were spending much money. But it turns out that was not the case, which was highlighted from Juniper Networks ( JNPR) and Cisco ( CSCO) when they reported earnings.

"Some of these telcos were left for dead; well, they are showing signs of life," Borchardt concluded.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long CSCO.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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