KBW Maintains Market Perform on Ciena (CIEN)

Morgan Keegan is out with its report today on Ciena (NASDAQ: CIEN), maintaining Market Perform.

In a note to clients, Morgan Keegan writes, "We maintain our Market Perform rating on Ciena. We see Ciena as positioned to benefit from several trends including 40/100G, packet optical convergence and backhaul, but worry that the some hold unrealistic expectations for its future."

Morgan Keegan maintains a $23.50 PT on CIEN.

At the time of posting, shares of CIEN were trading pre-market at $26.01, down 1.51% from Friday's close.