Ciena Corporation Stock News

AI stocks soared last week after OpenAI announced a partnership with Oracle (ORCL) and SoftBank that could result in up to half a trillion dollars of investment in AI infrastructure over the next four years.

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation (NYSE: CIEN) today announced its expected participation in the following upcoming event with the financial community.

The demand for faster connectivity in data centers has been increasing of late to support artificial intelligence (AI) workloads, and this demand has rubbed off positively on companies such as Ciena (CIEN 0.44%) that are in the business of providing networking components.

Just as stocks can gap and crap on an earnings report, meaning the price initially gaps higher on the market open and sells off back to red during the day, stocks can also do the opposite, dump, and gap. Such was the case with leading optical networking solutions provider Ciena Co. NYSE: CIEN after releasing its fiscal fourth quarter 2024 earnings.

I downgrade CIEN from buy to hold due to its expensive valuation, trading at 35x forward PE, well above its historical trend of 13-20x. CIEN's recent earnings showed strong revenue but missed EPS estimates due to an outsized inventory obsolescence charge; adjusted EPS beat consensus. Growth drivers include rising AI traffic, MOFN projects, and recovering service provider demand, supporting mana...

Ciena Corporation has shown impressive growth, with a nearly 100% YTD return and a strong annualized ROR of 15.12% since 2015. Ciena's advanced tech, like the WaveLogic 6 Extreme, addresses growing bandwidth demands, but profitability pressures and inventory management challenges persist. Long-term growth prospects in cloud and AI are promising, but the stock's current high price leaves little ...

Shares of network equipment maker Ciena (CIEN 16.73%) soared on Thursday morning, following the release of a mixed earnings report paired with bullish guidance targets. The price jump peaked at 21.9% near 10 a.m.

Ciena's stock was soaring toward a 22-year high, as order growth and outlook on inventory overshadowed a big profit miss.