SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SouthFloridaGuy who wrote (117669)11/30/2000 1:24:03 PM
From: Jenna  Read Replies (1) of 120523
 
JNPR called long today and CIEN as well.. might want a daytrade there prior to earnings on the long side.. (a la BRCD) but BRCD has an even higher multiple than CIEN..

.....Considering the broad industry nervousness, combined with the fact that Ciena (unlike Corning, Nortel, Alcatel, Cisco or almost any other network equipment vendor) is entirely dependent on optical networking for its business, it was only a matter of time before Ciena took a major, concentrated hit.

This latest Bluestone report about potential Ciena sales was merely an excuse for the market to use the same release valve on CIEN that has already been opened for everyone else in the sector. CIEN has lost more than 35 percent this week.

Yet it's worth pointing out that even with today's losses, Ciena trades at almost 110 times next year's earnings, an astounding valuation for a bull market, and an unreal multiple in the current environment. Even compared to another optical pure-play -- such as components maker JDS Uniphase (Nasdaq: JDSU) with a forward multiple of 68 or so -- Ciena looks mighty expensive.

Sentiment is just now catching Ciena from behind. And there's still plenty of air beneath CIEN. 22GO
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News