NEW YORK ( TheStreet) -- Ciena Corporation (Nasdaq: CIEN) hit a new 52-week low Monday as it is currently trading at $10.31, below its previous 52-week low of $10.33 with 4.6 million shares traded as of 3:35 p.m. ET. Average volume has been 7.2 million shares over the past 30 days. Ciena has a market cap of $1.1 billion and is part of the technology sector and telecommunications industry. Shares are down 46.8% year to date as of the close of trading on Friday. Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.
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