Ciena Corporation Stock News

Good morning. Optical networking pioneer Ciena is navigating the uncertainties of the artificial intelligence boom with the same mindset that helped it survive the depths of the telecom bust.

Ciena CEO Gary Smith is “suitably paranoid,” but optimistic.

Bank of America expects Ciena Corporation (NYSE:CIEN), the optical networking equipment maker, to deliver revenue growth of 35% to 40% in the calendar year 2026 as demand for artificial intelligence infrastructure outstrips available supply. The bank maintains a 'buy' rating on the shares with a $550 price target, supported by rising cloud-provider spending and expanding opportunities to connec...

The sharp moves could partly be a reaction to recent cautious commentary on AI spending.

FULTON, Md.--(BUSINESS WIRE)--Ciena Corporation (NYSE: CIEN) today announced the appointment of Monika Fahlbusch as Executive Vice President and Chief People Officer, effective today. She will report to President and CEO Gary Smith and lead the company's global People & Culture organization. Fahlbusch joins Ciena with more than thirty years of global leadership experience and deep expertise acr...

Ciena stock rises after Evercore ISI upgrades shares of the optical networking company to Outperform.

Ciena (CIEN) stock climbed on Thursday after the optical networking equipment maker outlined new financial targets at its investor forum, and analysts raised their price targets following the update. The stock surged to its intraday high of $375.7 before easing most of the gains and was trading 4% higher at $357.35 at the time of writing.

Ciena stock rises after the networking company's three-year financial targets surprise Wall Street.