Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 218.44

-9.9%

Dec 12 4:00 PM EST

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To: changedmyname who wrote (25)	2/7/1997 4:48:00 PM
From: coop	of 12623

This is a rich valuation on this company. 3.5 Billion market cap with trailing revenues of 50M. A little froth indeed. People are paying this much for this stock becasue they are expected to do 500M in revenue in 97. If the company were to come in with these numbers it would be fully valued at 55-60. The problem with CIENA is that today it does not have 500M in revenue, but probably will, who knows. Right now this a pure supply demand/momentum play. However the market is effecient and will bring this stock to a more realistic valuation. Short term this stock will trade between 30-40 for the next 30 days. It shall then make a parabolic move to maybe 50, who knows. The bottom line is that the company better crush the numbers or its' back down. REMEBER THIS STOCK HAS 98,000,000 shares outstading. that is a shitload. TIL MONDAY Coop

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