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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (1287)	2/20/1998 1:35:00 PM
From: Sam Citron	Respond to of 12623

Gary, Like I said, PE doesn't mean much when acquisitions and other temporary factors can greatly distort reported earnings. You might also consider how much R&D spending distorts PE. PSR may be a more stable indicator. SC

To: Gary Korn who wrote (1287)	2/20/1998 1:44:00 PM
From: craig crawford	Read Replies (2) \| Respond to of 12623

<< LU trailing p.e. = 139.93 (current as of time of posting) .....CIEN trailing p.e. = 40.31 (current as of time of posting) >> Perhaps I am looking at the wrong numbers but I show CIEN earning $1.31 in the TTM. 43 7/8 (current price) divided by $1.31 = Trailing PE of 33.5 33.5 is soooo rich considering how CIEN's EPS are up 185% and sales up 152% last Q. Yeah right. Cisco grew their sales and EPS about 26% last quarter yet they command a trailing PE of 50? (a guesstimate) Yes folks CIEN is soooo overvalued in this rich market. I think I will sell my CIEN and run out and buy some Coke.