Why Ciena Rocketed Higher This Week

Shares of Ciena (NYSE: CIEN) rallied 23.9% this week through 1:46 p.m. ET Friday, according to data from S&P Global Market Intelligence.Ciena is a leader in optical transceivers and other IP networking and routing hardware and software. That's a market that has typically served large telecom players, but which has now reaccelerated in the age of artificial intelligence (AI), and the increased networking demands required for it.On Thursday, Ciena showed off a new AI-powered acceleration, delivering fiscal third-quarter results that handily beat analyst expectations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool