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

Ciena Corporation ( CIEN) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Ciena Corporation fell $0.22 (-1.1%) to $19.86 on light volume. Throughout the day, 2,379,140 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,788,200 shares. The stock ranged in price between $19.65-$20.16 after having opened the day at $20.13 as compared to the previous trading day's close of $20.08. Other companies within the Telecommunications industry that declined today were: Elephant Talk Communications ( ETAK), down 6.7%, Maxcom Telecomunicaciones S.A.B. de C.V ( MXT), down 6.6%, Novatel Wireless ( NVTL), down 5.9% and Trunkbow International Holdings ( TBOW), down 5.7%.

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 27.1% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate Ciena Corporation a buy, no analysts rate it a sell, and 6 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, Net Element International ( NETE), up 22.2%, Zoom Technologies ( ZOOM), up 14.0%, Clearfield ( CLFD), up 6.9% and Sierra Wireless ( SWIR), up 6.4% , were all gainers within the telecommunications industry with American Tower ( AMT) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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