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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ciena Corporation



) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Ciena Corporation fell $0.38 (-1.7%) to $21.67 on average volume. Throughout the day, 4,056,170 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,771,100 shares. The stock ranged in price between $21.59-$22.25 after having opened the day at $21.98 as compared to the previous trading day's close of $22.05. Other companies within the Telecommunications industry that declined today were:

RIT Technologies



), down 14.5%,

Wireless Telecom Group



), down 9.1%,

InfoSonics Corporation



TheStreet Recommends

), down 5.9% and

eOn Communications Corporation



), down 5.8%.

Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic worldwide. Ciena Corporation has a market cap of $2.3 billion and is part of the technology sector. Shares are up 40.6% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Ciena Corporation

as a


. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and increase in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front,

On Track Innovations



), up 16.5%,




), up 9.6%,

Tandem Diabetes Care



), up 8.9% and

Sprint Corp Series 1



), up 8.2% , were all gainers within the telecommunications industry with

Motorola Solutions



) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider

iShares Dow Jones US Telecom



) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication




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