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Technology Stocks : Ciena (CIEN)
CIEN 199.26-1.1%Nov 7 4:00 PM EST

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To: Kenneth E. Phillipps who wrote (9877)11/30/2000 11:04:10 PM
From: CAtechTrader   of 12623
 
CIEN: EXPECTING SOLID QUARTER, SHOULD HELP THE SHARES

Salomon Smith Barney

Ciena Corp(CIEN)*
Rating: 1H
As of 11/30/2000

We expect a strong report from the company, as
well as an upbeat outlook which should add support
for the shares
* Based on the strength of business in the Oct
quarter, we think Ciena is likely to modestly beat
our revenue forecast of $274 million, representing
18% sequential growth above last quarter's $233
million number
* We also expect Ciena to show upside to the First
Call consensus average of $0.13 and beat our more
conservative estimate of $0.11 per share.
* We think the outlook for Ciena remains strong, as
exemplified by the recent contract win with Genuity,
a Tier 1 Internet service provider
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