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Technology Stocks : Ciena (CIEN)
CIEN 225.21-13.1%Jan 8 4:00 PM EST

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To: Doug who wrote (2378)8/21/1998 3:23:00 PM
From: Jeff Geiser  Read Replies (4) of 12623
 
I feel this might be a good buying opp..

At current levels, the P/E is 24 and market cap of $3.4B.. with sales of $510M over last 12 months this is not bad.. the earnings estimate for the 10/98 release should not be impacted by loss of AT&T deal.. longer term outlook might be revised down in the short term, but the market is still good for their product... estimates for earnings throughout next year may come from growth within current customer base alone..

What does everyone think?

Geiser
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