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.
  • Practice your CIEN trading strategies and win cash in our stock game.

TheStreet Ratings rates Ciena as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally weak debt management. You can view the full Ciena Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.