Ciena reported a 37% revenue increase to $1.67 billion and a 215% rise in adjusted EPS to $2.11 in its fiscal third quarter, driven by strong demand from AI and cloud infrastructure. The company is well positioned to benefit from the AI networking market, which Goldman Sachs expects to grow from $15 billion to $154 billion by 2028. Ciena aims for about 30% annual revenue growth and $14 billion in revenue by fiscal 2029, supported by investments in high-speed networking. Despite a lowered price target of $550 by BofA Securities, investor sentiment remains positive due to Ciena's role in AI and optical networking.
Ciena's stock price on Pluang rose 4.78% to USD 356.76 as of Sep 17, 2026 21:42 WIB. The company holds a market cap of $48.29 billion and has seen a high trading volume of 3,947,478 shares. Despite strong sell activity at 99%, investor interest remains evident given the recent price increase and growth prospects.
