Ciena (CIEN) shares surged 9.2% to $194.7 due to increased volume and AI-driven demand, with record orders and major wins in AI infrastructure. Cloud providers are accelerating AI spending, targeting $7 trillion by 2030, with a rising share for networking. Ciena targets 17% revenue growth in fiscal 2026 and a 15-16% operating margin.

Ciena is expected to post quarterly earnings of $0.76 per share, a 40.7% year-over-year increase, with revenues of $1.28 billion, up 14.1%. The stock currently carries a Zacks Rank #1 (Strong Buy). Ooma (OOMA) in the same industry closed 0.8% higher at $10.97, with a Zacks Rank of #2 (Buy).

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Read more at Nasdaq: Ciena (CIEN) Moves 9.2% Higher: Will This Strength Last?