Ciena Corporation (CIEN), a leader in networking solutions, has seen its shares surge over 140% year-to-date due to rising demand for high-speed optical networking driven by AI infrastructure. The Maryland-based company reported a fiscal fourth-quarter revenue of $1.35 billion, surpassing estimates by nearly 5%, and adjusted EPS of $0.91, beating expectations by 18%. Ciena boasts a record backlog of $5 billion and a consistent track record of exceeding earnings expectations, missing the mark only twice in the past twelve quarters.
Analysts project substantial growth for Ciena moving forward, with a Zacks Consensus Estimate for fiscal Q1 2026 EPS currently at $1.06, indicating over 65% growth from the previous year. Revenue is expected to rise nearly 30% to $1.39 billion in the same quarter. Ciena’s strong market position is bolstered by its innovations in coherent optics and photonic solutions, aligning it with the ongoing AI networking cycle as cloud providers increasingly invest in data-intensive applications.
