And then there were six.
Last week we showcased 12 stocks whose prices were defying gravity despite the brutality in the stock market. These stocks boasted trailing price-to-earnings ratios of 200 or more, price-to-sales ratios of 40 or more, and market caps of $1 billion or more. Today, using that same criteria, only six of those stocks remain. And no new ones turned up.| Six Stocks Still Boast High Valuations...For Now | ||||
| Name | Market Cap (in millions) | Price To Sales Per Share | P/E | Stock price |
| Juniper Networks (JNPR) (JNPR:Nasdaq) | 36,757 | 91 | 450 | $115.75 |
| Brocade Communications(BRCD) (BRCD: Nasdaq) | 16,978 | 57 | 277 | 153.75 |
| Applied Micro Circuits(AMCC) (AMCC: Nasdaq) | 15,079 | 48 | 221 | 51 |
| IDEC Pharmaceuticals(IDPH) (IDPH: Nasdaq) | 8,449 | 71 | 238 | 185.75 |
| Trend Micro(TMIC) (TMIC: Nasdaq) | 7,376 | 48 | 223 | 11.38 |
| Autonomy(AUTN) (AUTN: Nasdaq) | 4,477 | 90 | 533 | 35.73 |
| Source: Marketguide.com, data through November 29, 2000. | ||||
| 12 Stocks That Were Defying Gravity | |||||
| Name | Market Cap (in millions) | Price To Sales Per Share | P/E | Stock price | |
| Juniper Networks (JNPR) (JNPR:Nasdaq) | 49023 | 122 | 601 | $154.38 | |
| Ciena(CIEN) (CIEN: Nasdaq) | 29682 | 43 | 515 | 104.44 | |
| Brocade Communications(BRCD) (BRCD: Nasdaq) | 24315 | 116 | 600 | 220.19 | |
| Applied Micro Circuits(AMCC) (AMCC: Nasdaq) | 16239 | 53 | 241 | 55.69 | |
| ARM Holdings(ARMHY) (ARMHY: Nasdaq) | 8677 | 73 | 214 | 27.38 | |
| Trend Micro(TMIC) (TMIC: Nasdaq) | 7781 | 49 | 226 | 12.00 | |
| IDEC Pharmaceuticals(IDPH) (IDPH: Nasdaq) | 7756 | 65 | 218 | 170.50 | |
| Research In Motion(RIMM) (RIMM: Nasdaq) | 6438 | 53 | 1125 | 90.00 | |
| Autonomy(AUTN) (AUTN: Nasdaq) | 5325 | 107 | 634 | 42.50 | |
| Finisar(FNSR) (FNSR: Nasdaq) | 4083 | 45 | 911 | 25.50 | |
| Macrovision(MVSN) (MVSN: Nasdaq) | 2928 | 42 | 226 | 59.00 | |
| Ulticom(ULCM) (ULCM: Nasdaq) | 2041 | 54 | 525 | 50.38 | |
| Source: Marketguide.com, data as of November 17, 2000. | |||||
| Stock Performance Since November 17, 2000 | |
| Ulticom(ULCM) (ULCM: Nasdaq) | -40 % |
| Research In Motion(RIMM) (RIMM: Nasdaq) | -35 |
| Macrovision(MVSN) (MVSN: Nasdaq) | -34 |
| Ciena(CIEN) (CIEN: Nasdaq) | -30 |
| Brocade Communications(BRCD) (BRCD: Nasdaq) | -30 |
| ARM Holdings(ARMHY) (ARMHY: Nasdaq) | -29 |
| Juniper Networks (JNPR) (JNPR:Nasdaq) | -25 |
| Autonomy(AUTN) (AUTN: Nasdaq) | -16 |
| Applied Micro Circuits(AMCC) (AMCC: Nasdaq) | -8.4 |
| Trend Micro(TMIC) (TMIC: Nasdaq) | -5.2 |
| IDEC Pharmaceuticals(IDPH) (IDPH: Nasdaq) | 8.9 |
| Finisar(FNSR) (FNSR: Nasdaq) | 9.1 |
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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