Barclays is reiterating an Overweight on Ciena (CIEN) ahead of tomorrow's FQ3 report, even as it...

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

Barclays is reiterating an Overweight on Ciena (CIEN) ahead of tomorrow's FQ3 report, even as it slashes its PT. While concerned about macro issues, Barclays is positive on Ciena's deal pipeline and likely share gains in the optical transport gear market. Infonetics noted Ciena's strong position in the fast-growing 40G and 100G segments of the market last year.