AI could give this optical networking company a big boost. Optical networking company Ciena (CIEN -1.77%) may not be a household name in the technology sector, but the stock has been in red-hot form on the market over the past three months, clocking impressive gains of 35% as of this writing. However, a closer look at the company's recent financial performance makes this recent rally seem surprising. Ciena's revenue and earnings fell in the third quarter of fiscal 2024 (for the three months ended July 27). ...

Ciena Corporation (CIEN) has announced that On Net Fibra Colombia (ON NET FIBRA) is utilizing automation software from Blue Planet, a division of Ciena, to facilitate its transition to a cloud-native Operations Support System (OSS). The adoption of the Blue Planet Cloud Native Platform enables ON NET FIBRA to streamline service delivery with advanced inventory, orchestration and assurance applications built on this platform, enhancing customer connectivity and improving operational efficiency. On Net Fibra ...

The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acceleration of AI deployment is helping to lift legacy technologies like cloud computing, virtualization, networking, and hard disk drives (HDDs) as enterprises work through the inventory glut. Here are two computer and technology sector stocks that are gaining from AI demand and seeing their cloud computing and ...

Ciena Corporation's (CIEN) optical technology has been deployed by Sify Technologies to link its seven Metro Area Networks throughout India. The upgrade begins with an express route connecting Mumbai and New Delhi, enhancing Sify's National Long-Distance network to support services of up to 600G. Sify is a leading provider of Information and Communication Technology (ICT) services and solutions in India. With a strong emphasis on Cloud within its offerings, Sify addresses the evolving ICT needs of the emerg ...

Ciena Corporation CIEN shares are trading lower on Monday. JP Morgan analyst Samik Chatterjee downgraded the company to Neutral from Overweight with a price target of $65. The analyst writes that the downgrade is due to current valuations overlooking key factors that limit EPS upside, including constrained telco spending, limited gross margin levers compared to peers, and lower exposure to cloud capital expenditures. Chatterjee says that the capex growth outlook for U.S. telcos is muted for 2025, with inter ...

Ciena Today CIEN Ciena $64.07 -2.62 (-3.93%) 52-Week Range $39.94 ▼ $66.78 P/E Ratio 61.61 Price Target $61.00 Add to Watchlist Ciena Co. NYSE: CIEN can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992. The company has managed to stay relevant, unlike so many internet boom companies, and remains on the cutting edge of the artif ...

A month has gone by since the last earnings report for Ciena (CIEN) . Shares have added about 24.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Ciena due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Ciena Q3 Earnings Top Estimates Ciena reported third-quarter fi ...

Ciena Corporation (CIEN) recently announced its board of directors' decision to buy back up to $1 billion worth of its common stock, commencing in fiscal 2025 and extending through the end of fiscal 2027. Investors cheered the development leading to a 7.4% jump in CIEN's stock price in the last trading session. The new authorization comes at a time when the company approaches the completion of its existing repurchase program, which has run successfully for the past three years. In the last reported quarter, ...

Shares of Ciena Corp (CIEN, Financial) surged 6.54% in mid-day trading on Oct 2. The stock reached an intraday high of $65.95, before settling at $65.47, up from its previous close of $61.45. This places CIEN 0.73% below its 52-week high of $65.95 and 63.92% above its 52-week low of $39.94. Trading volume was 1,503,628 shares, 82.0% of the average daily volume of 1,834,723. Wall Street Analysts Forecast Based on the one-year price targets offered by 14 analysts, the average target price for Ciena Corp (CIEN ...

Raises ceiling for high-availability network services while using 80% less power NEW YORK, Sept. 25, 2024 /PRNewswire/ -- Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, and Ciena (NYSE: CIEN), a global leader in networking systems, services, and software, recently deployed the industry's first known 400 Gb/s protected optical circuit utilizing power-efficient and high-performance pluggable technologies. The ...