Ciena Falls on Comments - TheStreet

Optical network equipment maker Ciena (CIEN) - Get Report was down 8.4% in late morning trading after Deutsche Banc Alex. Brown cut its estimates on the stock over concerns about the telecom sector.

According to published reports, Deutsche Banc lowered 2001 EPS to 71 cents on revenue of $1.7 billion from 73 cents and revenue of $1.74 billion.

Thomson Financial/First Call

had previously estimated 74 cents. Ciena had traded sharply higher on the

Island

ECN as part of a preopen sector rally.