Ciena Corporation (CIEN): Today's Featured Telecommunications Winner
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.
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.9%. By the end of trading, Ciena Corporation rose $0.24 (1.1%) to $21.17 on light volume. Throughout the day, 1,665,912 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,642,400 shares. The stock ranged in a price between $20.91-$21.57 after having opened the day at $21.00 as compared to the previous trading day's close of $20.93. Other companies within the Telecommunications industry that increased today were:
(
), up 18.8%,
(
), up 6.5%,
(
), up 5.2% and
(
), up 4.9%.
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 $2.2 billion and is part of the technology sector. Shares are up 33.3% 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 5 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 weak operating cash flow.
- You can view the full Ciena Corporation Ratings Report.
On the negative front,
(
), down 26.5%,
(
), down 20.8%,
(
), down 11.7% and
(
), down 7.9% , 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
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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