) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.1%. By the end of trading, Ciena Corporation rose 13 cents (0.8%) to $16.12 on average volume. Throughout the day, 5.8 million shares of Ciena Corporation exchanged hands as compared to its average daily volume of 6.2 million shares. The stock ranged in a price between $15.95-$16.50 after having opened the day at $16.32 as compared to the previous trading day's close of $15.99. Other companies within the Telecommunications industry that increased today were:
), up 11.3%,
), up 8.8%,
), up 8.5%, and
), up 8.1%.
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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 $1.53 billion and is part of the
sector. Shares are up 32.1% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Ciena Corporation a buy, one analyst rates it a sell, and two rate it a hold.
TheStreet Ratings rates Ciena Corporation as a
. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
- You can view the full Ciena Ratings Report.
On the negative front,
), down 12.5%,
), down 11.5%,
), down 7.7%, and
), down 7.1%, were all laggards within the telecommunications industry with
) being today's telecommunications industry laggard.
- 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.