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

To: craig crawford who wrote (1530)	2/24/1998 10:30:00 PM
From: Gary Korn	Respond to of 12623

The following numbers (revenue and earnings) look excellent to me (but what do I know). Earnings per share for the past 4 reported quarters totals $1.316. Hence, the trailing p.e. based on today's closing price of 37 7/8 is 28.8. (This is better than ASND's trailing p.e. of about 33.6). The forward p.e., if CIEN can hit $1.47, is not much lower, at 25.7. CIENA Corporation QUARTERLY SUMMARY Page 2 of 10 HISTORICAL QUARTERLY RESULTS(Thousands of U.S. Dollars) REVENUE 1996 1997 1998 1st Qtr JAN 0 53,933 134,267 2nd Qtr APR 0 86,669 3rd Qtr JUL 16,923 112,189 4th Qtr OCT 37,915 121,036 EPS (U.S. Dollars per share) 1st Qtr JAN -0.030 0.132 0.370 2nd Qtr APR -0.030 0.264 3rd Qtr JUL 0.100 0.332 4th Qtr OCT 0.110 0.350 Gary Korn