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Ciena Corporation (CIEN): Today's Featured Technology Loser

Ciena Corporation (CIEN) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 0.7%. By the end of trading, Ciena Corporation fell 28 cents (-1.8%) to $15.38 on average volume. Throughout the day, 4.3 million shares of Ciena Corporation exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in price between $15.34-$15.72 after having opened the day at $15.61 as compared to the previous trading day's close of $15.66. Other company's within the Technology sector that declined today were: NII Holdings (NIHD), down 23.2%, Vasco Data Security International (VDSI), down 22.1%, Leap Wireless International (LEAP), down 20.4%, and Alcatel-Lucent (ALU), down 17.9%.

Ciena Corporation provides equipment, software, and service solutions that support the transport, switching, aggregation, and management of voice, video, and data traffic on communications networks worldwide. Ciena Corporation has a market cap of $1.55 billion and is part of the telecommunications industry. Shares are up 29.6% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Ciena Corporation a buy, one analyst rates it a sell, and four rate it a hold.

TheStreet Ratings rates Ciena Corporation as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

On the positive front, Logitech International S.A (LOGI), up 21.4%, Recon Technology (RCON), up 21.4%, SolarWinds (SWI), up 20%, and Cirrus Logic (CRUS), up 18.6%, were all gainers within the technology sector with Verizon Communications (VZ) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR (XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology (REW).

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