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Technology Stocks : Ciena (CIEN)
CIEN 230.56+2.4%Jan 9 4:00 PM EST

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To: Gary Korn who wrote (1287)2/20/1998 1:44:00 PM
From: craig crawford  Read Replies (2) of 12623
 
<< LU trailing p.e. = 139.93 (current as of time of posting)
.....CIEN trailing p.e. = 40.31 (current as of time of posting) >>

Perhaps I am looking at the wrong numbers but I show CIEN earning $1.31 in the TTM.

43 7/8 (current price) divided by $1.31 = Trailing PE of 33.5

33.5 is soooo rich considering how CIEN's EPS are up 185% and sales up 152% last Q. Yeah right. Cisco grew their sales and EPS about 26% last quarter yet they command a trailing PE of 50? (a guesstimate)

Yes folks CIEN is soooo overvalued in this rich market. I think I will sell my CIEN and run out and buy some Coke.
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