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Ciena Rises 1.2% Leading Telecom Sector Higher

Author:

Ciena

(CIEN) - Get Ciena Corporation Report

was up 1.2% at midmorning trading as telecommunications equipment stocks, hurt by recent slowdown fears, rose in today's broad tech rally. Beleaguered

Lucent

(LU)

was also up, rising 0.7% after hitting new lows several times this week. Small equipment makers fared even better.

Juniper

(JNPR) - Get Juniper Networks, Inc. (JNPR) Report

was up 4.8%. The

Telecom Index

TheStreet Recommends

was up 1.3%, but

AT&T

(T) - Get AT&T Inc. Report

slipped 2%.

WorldCom

(WCOM)

and

Sprint

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both hit new lows this morning.