$CIEN · The Motley Fool · 2026-10-30
CIEN还有很长的路要走：强劲的经营利润率和三年内营收翻三倍的潜力，支撑其数据中心光网络业务。该股年初至今上涨54%，但经历动荡一年后仍较历史高点低65%；按36倍远期市盈率计算，估值合理。
逐段跳播
我关注一家叫 Siena 的公司，Travis，代码是 CIE。这家公司专门做光网络，也就是为数据中心制造设备，利用光在数据中心内部交换信息。它有一系列网络路由器和交换机产品。
虽然有些繁琐，但他们有一系列产品可以通过光在极远距离上传输信息，比如把数据从一个数据中心传到另一个数据中心，从一个国家传到另一个国家，或者从一个大陆传到另一个大陆。当未来量子网络变得重要时，这将发挥非常有用作用。
所以，我认为这家公司还有很长的路要走。自年初以来它已经上涨了54%，但仍比历史最高点低65%。今年走势非常动荡。目前它的预期市盈率是36倍，这算合理。我喜欢这家公司的地方在于，它的营业利润率相当强劲，并且有潜力在未来3年将收入提高到三倍。
So, I'm looking at a company called Siena. Travis, the symbol is CIE. This is a business that specializes in optical networking. That means they make equipment for data centers.
They use light to exchange information around the data center. It has a portfolio of network routers and switches. Although somewhat tedious, they have a range of products that can transmit information over vast distances via light.
For example, transferring data from one data center to another, or from one country to another, or from one continent to another. This will play a very useful role when quantum networking becomes important in the future.
So, I think this company has a long way to go. It has risen 54% since the beginning of the year, but it is still down 65% from its all-time high. It has been a very turbulent year.
It is currently trading at 36 times forward earnings, which is reasonable. What I like about this company is that its operating margins are quite strong and it has the potential to triple revenue in the next 3 years.
另外，对听众来说有趣的一点是，你可以看看 Siena 的股票走势图。这是我见过的最奇怪的股票走势图之一，2000年有一个巨大的峰值，近几年又卷土重来。
Also, an interesting thing for listeners is that you can take a look at the Siena stock chart. This is one of the strangest stock charts I've ever seen, with a huge peak in 2000 and a comeback in recent years.