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

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 lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Ciena Corporation fell $0.39 (-1.9%) to $20.13 on average volume. Throughout the day, 4,074,891 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,929,400 shares. The stock ranged in price between $19.90-$20.60 after having opened the day at $20.40 as compared to the previous trading day's close of $20.52. Other companies within the Telecommunications industry that declined today were: Ambient Corporation ( AMBT), down 9.9%, InfoSonics Corporation ( IFON), down 8.9%, RIT Technologies ( RITT), down 6.9% and Cyan ( CYNI), down 6.1%.
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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 $2.0 billion and is part of the technology sector. Shares are up 27.5% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and 7 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 positive front, Sky-mobi ( MOBI), down 17.0%, eOn Communications Corporation ( EONC), down 8.5%, B Communications ( BCOM), down 6.4% and Zhone Technologies ( ZHNE), down 6.2% , were all gainers within the telecommunications industry with Mobile Telesystems OJSC ( MBT) being today's featured telecommunications industry leader.

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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