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


To: Bald Man from Mars who wrote (3774)9/25/1998 3:08:00 PM
From: Doug Moulton  Read Replies (2) | Respond to of 12623
 
I don't see that happening unless it gets bought out. What the price was in the past was has no bearing on the future price. Those prices were based on people thinking CIEN would get a contract with ATT. With the next two quarters going to be negative (according to the CEO), and the EPS being lowered into the 30 to 50 cent range, I don't know how you justify $30 a share. I am open to enlightenment!

Doug