Wells Fargo is reiterating an Outperform on Ciena (CIEN +0.6%) ahead of Thursday's FQ4 report,...

|About: Ciena Corporation (CIEN)|By:, SA News Editor

Wells Fargo is reiterating an Outperform on Ciena (CIEN +0.6%) ahead of Thursday's FQ4 report, but also cutting its valuation range, on a belief weak orders from top customers could lead its EPS to fall short of estimates. Long-term, the firm thinks strong demand for Ciena's high-end 40G and 100G optical transport gear, as well as its OTN switches and wireless backhaul products, will bolster shares.