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

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 Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1.2%. By the end of trading, Ciena Corporation rose $0.80 (3.6%) to $23.25 on average volume. Throughout the day, 3,159,910 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,773,500 shares. The stock ranged in a price between $22.75-$23.63 after having opened the day at $23.05 as compared to the previous trading day's close of $22.45. Other companies within the Technology sector that increased today were: Voltari ( VLTC), up 1607.0%, CSR ( CSRE), up 178.3%, Pixelworks ( PXLW), up 30.0% and SatCon Technology Corporation ( SATC), up 18.5%.

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 $2.3 billion and is part of the telecommunications industry. Shares are up 43.0% 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 5 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, SunEdison ( SUNE), down 24.1%, BOS Better Online Solutions ( BOSC), down 23.5%, Friendfinder Networks ( FFN), down 21.6% and CSP ( CSPI), down 21.5% , were all laggards within the technology sector with TE Connectivity ( TEL) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Broad Gains Push Wall Street Higher, S&P 500 on Track for Fifth Day of Gains

Pipelines Shut, Arkema Plant Explodes - 5 Things You Must Know

Investors Brace for Market Open After 'Catastrophic' Texas Flooding

Here Comes Another Jobs Report

Quant Ratings Upgrades Ciena to a 'Buy,' but the Charts Look Mixed