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Ciena Stock Surges on AI-Driven Networking Demand as Revenue Jumps 33%
Ciena Stock Surges on AI-Driven Networking Demand as Revenue Jumps 33%
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BTCCSquare news:
Ciena Corporation (CIEN) shares rallied after the network infrastructure provider reported a 33% revenue surge to $1.43 billion, fueled by accelerating demand for high-speed AI networking solutions. GAAP earnings more than tripled to $1.03 per share as cloud providers and telecom operators expanded capacity.
The company raised its full-year outlook, citing a record backlog and sustained infrastructure upgrades through 2026. Data center operators and hyperscalers are driving orders for next-generation optical systems to handle AI workloads.
Margins expanded sharply as product mix shifted toward higher-value solutions. CEO Gary Smith noted 'unprecedented demand cycles' in webscale and service provider segments during the earnings call.
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