Ciena Corporation (CIEN): Telecommunications' Featured Winner Of The Day

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 0.2%. By the end of trading, Ciena Corporation rose 33 cents (2.1%) to $16.09 on average volume. Throughout the day, 3.3 million shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in a price between $15.66-$16.12 after having opened the day at $15.84 as compared to the previous trading day's close of $15.76. Other companies within the Telecommunications industry that increased today were: Sonus Networks ( SONS), up 7.1%, Net Element International ( NETE), up 7%, Ambient Corporation ( AMBT), up 7%, and Parametric Sound ( PAMT), up 6.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $1.72 billion and is part of the technology sector. Shares are up 3.6% year to date as of the close of trading on Friday. Currently there are nine analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and seven 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 weak operating cash flow.

On the negative front, Dialogic ( DLGC), down 9.1%, Envivio ( ENVI), down 7.2%, Alteva ( ALTV), down 6.8%, and Warwick Valley Telephone Company ( WVT), down 6.8%, were all laggards within the telecommunications industry with Telefonica Brasil S.A ( VIV) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing