Oclaro, Inc. (Avanex-Bookham) Message Board

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Technology Stocks : Oclaro, Inc. (Avanex-Bookham)

OCLR 8.260

0.0%

Dec 10 4:00 PM EST

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To: LLCoolG who wrote (803)	10/19/2000 11:12:18 AM
From: Gustaf	Read Replies (1) of 2293

Forward Revenue Multiple Analysis for Avanex Yesterday's Q1 and CC reminded me strongly of JNPR, last October. On Oct 20, 1999, Juniper (JNPR) had Q3 revs of 30M and raised their 12 month revenue estimates to 172 M. Last night, Avanex reported Q1 revs of 34 M and raised their 12 month revenue estimates to 175 M. Both companies reported ca 80% rev growth seq. and Avanex seems to have a competitive edge with its photonic processors just as Juniper had (and still has) with its core router technology. Since its IPO, Wall Street was willing to pay between 50-200x Juniper's 12 month rev est, depending on market conditions. Avanex @ $100 and 12 month rev est of 175M (at MSDW now 190M) and a book-to-bill ratio of 2, has currently a multiple of 35. You can figure out the rest Regards Gustaf

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