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

To: Carmine Cammarosano who wrote (1902)4/12/1998 4:54:00 PM
From: Tim Bagwell  Respond to of 12623
 
Carmine,

In case you haven't gotten this already the earnings estimates for CIEN as given by First Call are $1.36 for 1998 and $1.71 for 1999. Latest revision was on 4/8.

That puts the PE around 30-31 on forward earnings and 38 on trailing earnings. Not cheap but not bad if you think they can double in 1999.

I think CIEN is doomed to go sideways for the time being barring any new news of big contracts.


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