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CIEN Analysis & Videos »
CIEN: Bull or Bear?
Ciena knows broadband demand will grow later, if not sooner
CIEN
+54.29%
in
121 days
(closed on 09/17/09)
Filed under: Internet, Ciena Corp (CIEN), Stocks to Buy The U.S. recession has hit just about every sector fairly hard, save health care; internet services have certainly not been immune.
Still, Wall Street has been known to overdo it somewhat on the downside, particularly when a growth play runs into a recession, and that's why Ciena Corp. (CIEN) is worth a review.
Ciena supplies communications networking equipment, software and services to communications service providers, cable operators, governments and enterprises. The company specializes in helping organizations transition from old-worl...
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$20 to $43 Price Target based on projected P/E and PEG
CIEN
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-37.50%
in
41 days
(closed on 10/19/08)
As of 6am, 9/8/08...using only valuation metrics, this stock is undervalued relative to its industry:
CIEN's projected P/E is 13.5x while the industry (Communication Equipment) average projected P/E is 21.8x, implying a projected stock price of $20.47.
CIEN's projected earnings growth rate is 24.9% and its PEG is 0.54 while the industry average PEG is 1.85, implying a projected stock price of $43.30.
Here are the analysis details:
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Bullish on CIEN ...
CIEN
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-44.16%
in
497 days
Analysts' Recommendation: Buy 30 Days Ago: Hold Analysts' Target: $33 Analysts' Targets UBS Securities $30 Reduce Friday, June 06, 2008 Lehman Brothers $35 Underweight Thursday, March 13, 2008 RBC Capital Markets $35 Underperform Tuesday, January 22, 2008
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Expectations High on Ciena Corp.
CIEN
-49.79%
in
514 days
While we are impressed with recent results from the company, we are concerned that expectations have become very high in spite of a recent pull-back.
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Bookkeeping: Adding Tech Exposure with Ciena (CIEN)
CIEN
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-10.66%
in
32 days
(closed on 07/22/08)
The current market thesis, which I also believe will be proven wrong in time, is technology is a safe place to hide since it (a) does not have exposure to petrol in large part and (b) is more tied to corporate instead of consumer. So therefore its magic. That was the same thesis advanced last December (2007) when technology went on a tear, and then summarily was destroyed January - March 2008. But Wall Street is great at recycling old trash. I find the thesis stupid but the relative outperformance of the NASDAQ is not to be argued with. So when 10,000 hedge fund computers say "this is ...
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Hold Telecom Supplier Ciena Corp.
CIEN
-16.40%
in
21 days
(closed on 06/27/08)
With economic uncertainty in 2008, telecom carriers could potentially curtail some of their spending in the second half of the year.
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People Bullish on CIEN
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About Ciena Corp
- Answers.com
I'm reiterating my Buy rating for 
