Also selling off (previous) thanks to the poor guidance accompanying Ciena's FQ3 report: TLAB -3%. ALU -2.2%. CALX -2.9%. JNPR -4.6%. NPTN -3.8%. OCLR -3.9%. With AT&T and Verizon trying to boost near-term profits by keeping capex down, European carriers struggling with macro and debt issues, and Chinese carriers also beginning to put the brakes on spending, there are plenty of reasons to be worried about telecom equipment demand.