Ciena Corporation ( CIEN) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day up 0.7%. By the end of trading, Ciena Corporation fell 28 cents (-1.8%) to $15.38 on average volume. Throughout the day, 4.3 million shares of Ciena Corporation exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in price between $15.34-$15.72 after having opened the day at $15.61 as compared to the previous trading day's close of $15.66. Other company's within the Technology sector that declined today were: NII Holdings ( NIHD), down 23.2%, Vasco Data Security International ( VDSI), down 22.1%, Leap Wireless International ( LEAP), down 20.4%, and Alcatel-Lucent ( ALU), down 17.9%. 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 $1.55 billion and is part of the telecommunications industry. Shares are up 29.6% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Ciena Corporation a buy, one analyst rates it a sell, and four rate it a hold. TheStreet Ratings rates Ciena Corporation as a sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.
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