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Ciena Corporation (CIEN) saw its shares increase by 9.2%, closing at $194.7 in the last trading session. This surge comes as a result of significant volume in share trading, outpacing the stock’s 0.4% loss over the past month. The company’s rising share price is driven by an uptick in AI-driven demand, record orders in AI infrastructure, and increased network traffic, with expectations of a 17% revenue growth by fiscal 2026.
Ciena is projected to announce quarterly earnings of $0.76 per share, reflecting a year-over-year increase of 40.7%. Revenue is anticipated to reach $1.28 billion, up 14.1% from the previous year. The company aims for a 15-16% operating margin target in fiscal 2026, a year ahead of schedule, despite facing challenges such as tariff volatility and rising costs.
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