Ciena Corporation (CIEN): Today's Featured Telecommunications 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 Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.9%. By the end of trading, Ciena Corporation rose $0.64 (2.9%) to $22.88 on average volume. Throughout the day, 4,079,096 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,390,600 shares. The stock ranged in a price between $22.21-$23.29 after having opened the day at $22.42 as compared to the previous trading day's close of $22.24. Other companies within the Telecommunications industry that increased today were: AudioCodes ( AUDC), up 9.1%, iPass ( IPAS), up 7.6%, Towerstream Corporation ( TWER), up 7.2% and Hong Kong Television Network ( HKTV), up 5.5%.

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 technology sector. Shares are down 7.1% 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 3 rate it a hold.

TheStreet Ratings rates Ciena Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the negative front, Mitel Networks Corporation ( MITL), down 8.9%, ORBCOMM ( ORBC), down 8.6%, Alvarion ( ALVR), down 7.5% and Voltari ( VLTC), down 7.3% , were all laggards within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) 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).

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

More from Markets

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE