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Technology Stocks : Ciena (CIEN)
CIEN 200.92-1.6%Dec 1 4:00 PM EST

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To: gbh who wrote (3860)9/28/1998 2:40:00 PM
From: Doug Moulton  Read Replies (1) of 12623
 
gbh,

I'm with you....I don't see how it is even worth $20. Here is why... with a PE of 25 (ie its projected 5 yr growth rate) it needs to make 80 cents next year to give it a worth of 20 bucks. What I can see is all the analyst are lowering there estimates to 50 cents or less. None the less, it is a great stock to day trade.

Doug
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