Why invest in Ciena? It is currently the only provider of 1.6 terabit WAN solutions and its Wave Logic 6 technology is considered the industry standard for high speed connectivity.
Ciena is also a primary beneficiary of the massive buildout of AI data centers. Its technology is essential for connecting GPUs and managing the explosion of AI driven data.
Ciena reported record breaking results in its latest quarter with revenue up 33 % to USD 1.43 billion. Its EPS is USD 1.35, more than double from USD 0.64 in the previous year.
Despite beating estimates, the stock saw a short term decline of 8% to 13% in early March as investors are worried about supply constraints.
This is a good bargain hunting opportunity for Ciena.
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- Shernice軒嬣 2000·03-09 22:32Don't forget $Applied Optoelectronics(AAOI)$LikeReport
