Jester + lt cap,

Yes, 'negative' doesn't begin to describe how hated CIEN just became by UBS. Obviously, earnings on Dec. 12th will be critical - either it will make UBS look foolish or prescient. If there's bad news, I'd expect other analysts to pile on. If one wants a fairly sunny take on CIEN, here's one from seeking alpha:

seekingalpha.com/ar...widget

I think it's been CIEN's own caveats in their last call that has hampered the stock. But punishing it down to these levels? It's tempting to buy but the boat is fairly loaded and UBS has spooked me a bit.