Ciena Corporation (CIEN): Today's Featured Telecommunications Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Ciena Corporation ( CIEN) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.4%. By the end of trading, Ciena Corporation rose 30 cents (1.9%) to $16.20 on average volume. Throughout the day, four million shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in a price between $15.76-$16.22 after having opened the day at $16.01 as compared to the previous trading day's close of $15.90. Other companies within the Telecommunications industry that increased today were: Vonage Holdings Corporation ( VG), up 12%, Elephant Talk Communications ( ETAK), up 10.4%, Motricity ( MOTR), up 10.1%, and DragonWave ( DRWI), up 5.5%.
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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 $1.62 billion and is part of the technology sector. Shares are up 1.8% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Ciena Corporation a buy, one analyst rates it a sell, and six rate it a hold.

TheStreet Ratings rates Ciena Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the negative front, Alteva ( ALTV), down 13.6%, Warwick Valley Telephone Company ( WVT), down 13.6%, Polycom ( PLCM), down 11.5%, and America Movil S.A.B. de C.V ( AMOV), down 10.2%, were all laggards within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) being today's telecommunications industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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