Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 201.59

+3.0%

4:00 PM EST

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To: jach who wrote (4152)	10/8/1998 7:55:00 AM
From: gbh	Read Replies (2) of 12623

Ciena is totally different from SHVA that is not making money now. Neither is CIEN. 4Q will likely show a loss, or at best break even. For a 30 to 40% growth rate company the price right now based on the earnings is incredibly low. You continue to post this total fabrication. At best, CIEN is projected to show NEGATIVE 30 percent growth over the next year. On next years earning's of maybe .30 to .50 (which many think is at best, a 50-50 shot), the PE is 20 to 30 at the current price of 9. Add in continued market turmoil, where real growth stocks are re-priced to real growth rates, and questionable stocks (like CIEN) are getting bludgeoned, and you will probably be able to buy another truck load at 6 or 7.

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