Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Doughboy who wrote (3859)	9/28/1998 2:30:00 PM
From: gbh	Read Replies (3) \| Respond to of 12623

Doug, all I can tell you, is that I believe CIEN is correctly valued now, given its growth prospects for the next 12 months. I keep telling people to forget about 90. Pretend it never happened. Its only real, if you were unlucky enough to have bought the stock up there. I might be willing to listen to a well though out argument for a 20 valuation (I haven't seen it yet), but all I get on this thread is crap about how CIEN is worth 30-40, because "its way oversold". CIEN is currently trading at a hefty premium to its '99 projected earnings. I know, I know, no clue analysts; yeah, right. But these no clue analysts speak to management, and customers, and competitors. They do far more research than one bozo on the this thread who shall remain nameless. The key statement by Mr. Hooke is I've never sat down and gone through the stock, so I don't know what the fair value of Ciena is. Maybe he should do a little research. Gary