Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Ciena Corporation fell 41 cents (-2.6%) to $15.30 on average volume. Throughout the day, 3.6 million shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $14.91-$15.63 after having opened the day at $15.54 as compared to the previous trading day's close of $15.71. Other companies within the Telecommunications industry that declined today were:
), down 15.3%,
), down 13.7%,
), down 8.2%, and
), down 7.4%.
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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 $1.58 billion and is part of the technology sector. Shares are up 30.6% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Ciena Corporation as a
. The area that we feel has been the company's primary weakness has been its poor profit margins.
- You can view the full Ciena Ratings Report.
On the positive front,
), up 10.6%,
), up 9.1%,
), up 8.3%, and
), up 7.7%, were all gainers within the telecommunications industry with
) being today's featured telecommunications industry leader.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.
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