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

To: Adrew Thanh who wrote (6479)	2/18/1999 4:56:00 PM
From: Doughboy	Read Replies (1) \| Respond to of 12623

Don't expect any upgrades: Ciena is being very cautious. Warned of continued "visibility" problems beyond the current quarter. This is a solid report, but it's not going to reignite the analysts. Doughboy.

To: Adrew Thanh who wrote (6479)	2/18/1999 4:56:00 PM
From: Robert	Read Replies (3) \| Respond to of 12623

Well what is this? According to First Call estimates CIENA have an earnings up-side surprise of 3c (i.e., they forecast a 1c loss and the company has 2c to the plus side). According to Zacks, they just met their target of 2c. Which one does the market rely on. An up-side is always good, but a break-even on the estimates is open to question. Is the CEO on CNBC tomorrow. If so, at what time (and time zone)...R PS: The CEO, having seen the stock shattered at $90, presumably wants caution.

To: Adrew Thanh who wrote (6479)	2/18/1999 5:27:00 PM
From: john dodson	Read Replies (3) \| Respond to of 12623

Re: pretty good report? Q1 revenues of $100.4 Mil vs $145.1 mil in the same quarter a year ago. How's that a good report? Sure, it's up sequentially from $91.2 mil, but still way off year ago levels. I hope Ciena investors do not fool themselves here: coming in slightly above estimates means almost nothing in the grand scheme of things. Ciena's still hurting, but they're trying to rebuild their revenue and broaden out the customer base. This in due time will probably happen so that they can then command the premium in a takeout that they so desperately want. Then we'll all be happy. Until then, I don't think 2 cents is worth much. -John Dodson