NEW YORK (

TheStreet

) --

Tellabs Incorporated

(Nasdaq:

TLAB

) hit a new 52-week low Thursday as it is currently trading at $4.49, below its previous 52-week high of $9.24 with 1.6 million shares traded as of 10:27 a.m. ET. Average volume has been six million shares over the past 30 days.

Tellabs has a market cap of $1.7 billion and is part of the

technology

sector and

telecommunications

industry.

Tellabs, Inc. designs, develops, and supports telecommunications networking products for communications service providers worldwide. Its products and services enable customers to deliver wireline and wireless voice, data, and video services to business and residential customers.

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TheStreet Ratings rates Tellabs as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full

Tellabs Ratings Report

.

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