Weak fourth-quarter results and a bleak earnings outlook sparked a one-day 20% plunge in shares of Tellabs (TLAB) earlier this year.
The network equipment maker's stock price continued to decline, and a first-quarter earnings miss in April didn't help.
The company's CEO, Rob Pullen, said Tellabs is positioning itself for long-term success by investing heavily in research and development to advance mobile Internet and, in turn, is willing to sacrifice profits in the short-term.
Analysts remain cautious, with a majority recommending a 'hold' rating on the stock.
It's been a roller-coaster ride for stocks this year, but for some members of the S&P 500, it's been nothing but up. From healthcare to media, here are the 10 best-performing stocks so far in 2011. More
|'Independence Day' sequel loses the battle against silliness|
|Obama: Entrepreneurship has never been more important|
|British Millennials: You've stolen our future|
|Dow plunges over 600 points as U.K. 'earthquake' crushes global markets|
|How Brexit impacts the U.S. economy|