Ciena (CIEN) Message Board

STOCKTALK

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.

Technology Stocks : Ciena (CIEN)

CIEN 178.17

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: robert packman who wrote (1957)	4/14/1998 11:42:00 AM
From: MangoBoy	Read Replies (3) of 12623

[ABN AMRO starts Ciena at 'Buy'] CHICAGO, April 14 (Reuters) - ABN AMRO said Tuesday it initiated coverage of Ciena Corp. with a buy rating and a stock target of $55 based on 30 times its 1999 earnings per share estimate of $1.78. It estimates $1.37 a share for fiscal 1998. -- Recommends purchase for aggressive growth investors. -- Says Ciena will remain a leader in the "hot" dense wavelength division multiplexing (DWDM) market, an industry expected to grow "dramatically." -- Estimates 30-35 percent earnings per share growth for fiscal 1998 and fiscal 1999 and 45-50 percent revenue growth.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next