Ciena Corporation (CIEN) saw its stock soar by 23% after reporting $0.67 in earnings per share and $1.22 billion in revenue, beating analyst estimates. Jim Cramer praised the firm, calling it a “terrific company.” The growth was linked to increased demand for AI technology.

During its earnings call, CIEN management discussed the strong demand from cloud providers for managed optical fiber networks and the increasing focus on delivering AI to the edge. The company’s systems business and interconnects portfolio are seen as key opportunities in the current and long-term network investment landscape.

While CIEN shows potential as an investment, some AI stocks may offer greater returns with limited downside risk. For those seeking an affordable AI stock with benefits from Trump tariffs and onshoring, consider exploring the best short-term AI stock.

For further insights into potential stock opportunities, check out 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. This article was originally published by Insider Monkey.

Read more at Yahoo Finance: Ciena Corporation (CIEN) “Is A Terrific Company,” Says Jim Cramer