Chips, large language models, and software may be the flashy parts of the AI boom, but Arista and Ciena are building the roads that keep the whole thing moving.
Evercore ISI upgraded Ciena to Outperform with a $550 target, citing its role in AI data connectivity. The stock has rebounded 17% after strong revenue growth and a backlog nearing $10 billion.
Ciena (NYSE:CIEN) outlined financial objectives through fiscal 2029, including a target of approximately $14 billion in revenue, gross margins of about 50%, and operating margins of 32% to 35%, as the company expects demand for optical systems and interconnect products to continue outpacing industry
Ciena (NYSE:CIEN) has outperformed the market over the past 15 years by 10.87% on an annualized basis producing an average annual return of 23.91%. Currently, Ciena has a market capitalization of $48.17 billion. Buying
Ciena beat Q3 earnings estimates with record margins, yet shares fell on margin concerns, prompting a look at rivals Lumentum and Coherent for AI optical networking exposure.
Ciena (NYSE:CIEN) reported record fiscal third-quarter 2026 results, with revenue, operating margin and adjusted earnings per share reaching new highs as demand for optical networking equipment accelerated across data-center and wide-area network applications.
Revenue for the quarter was $1.67 bill
