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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.2%. By the end of trading, Ciena Corporation fell $0.29 (-1.3%) to $22.06 on light volume. Throughout the day, 2,052,275 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,856,400 shares. The stock ranged in price between $21.99-$22.32 after having opened the day at $22.28 as compared to the previous trading day's close of $22.35. Other companies within the Telecommunications industry that declined today were: MERU Networks ( MERU), down 27.3%, Zhone Technologies ( ZHNE), down 11.8%, Zoom Technologies ( ZOOM), down 11.7% and Deltathree ( DDDC), down 11.2%.

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 $2.2 billion and is part of the technology sector. Shares are up 39.6% year to date as of the close of trading on Tuesday. Currently there are 12 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, RELM Wireless Corporation ( RWC), up 11.7%, AudioCodes ( AUDC), up 8.0%, NeuStar ( NSR), up 7.9% and Lumos Networks ( LMOS), up 6.1% , were all gainers within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) 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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