Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 196.24

+0.8%

Nov 25 4:00 PM EST

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To: nghi vu who wrote (1825)	3/31/1998 6:14:00 PM
From: Danny Chan	Read Replies (1) of 12623

After the Sprint deal, they will make the 600m target. I agree that margin is not a problem, but it will have a near term impact on its earning growth. Once the margin stabilizes, we'll be back on track again. Zack shows the 98 estimate for Ciena at 1.35 (down from 1.48 in Jan) which I think is still high (with 600m revenue, 35% Operating margin translate to 1.26 and 30% OM translates to 1.09). Long-term view is still good for the company. But with estimates at the high-end, we'll have little chance to get positive earning surprises. I'll accumulate more when there is clearer picture on their margin or at a bargain price whichever comes first.

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