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Ciena Shares Surge 23.9% on AI-Driven Networking Demand
Ciena Shares Surge 23.9% on AI-Driven Networking Demand
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BTCCSquare news:
Ciena (CIEN) soared 23.9% this week as the optical networking leader capitalized on surging AI infrastructure needs. Fiscal Q3 revenue jumped 29.4% to $1.22 billion, with adjusted EPS nearly doubling to $0.67—$0.14 above estimates.
The company's optical transceivers and IP networking solutions are seeing explosive demand as AI clusters require inter-data center connectivity. While traditional telecom growth stagnates at 4%, AI inferencing and enterprise applications are driving metro network expansion.
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