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 0.2%. By the end of trading, Ciena Corporation rose $1.71 (7.3%) to $25.00 on heavy volume. Throughout the day, 8,947,213 shares of Ciena Corporation exchanged hands as compared to its average daily volume of 3,378,900 shares. The stock ranged in a price between $24.34-$25.28 after having opened the day at $24.34 as compared to the previous trading day's close of $23.29. Other companies within the Telecommunications industry that increased today were: GTT Communications ( GTT), up 8.6%, Hong Kong Television Network ( HKTV), up 8.4%, Viasat ( VSAT), up 8.1% and Telecom Argentina ( TEO), up 7.5%.

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 $2.4 billion and is part of the technology sector. Shares are down 2.7% year to date as of the close of trading on Thursday. 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, Alvarion ( ALVR), down 14.3%, Gogo ( GOGO), down 9.3%, Novatel Wireless ( NVTL), down 6.0% and Internet Gold Golden Lines ( IGLD), down 5.2% , were all laggards within the telecommunications industry with Verizon Communications ( VZ) 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).

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