""Demand is incredibly strong with exceptional order activity in the quarter. This, along with long-term planning conversations with customers, gives us confidence in the durability of demand and our ability to drive growth as we move through the year and into 2027 and beyond.""
""The PEG ratio of 1.87 tells a more nuanced story. Ciena's earnings grew 232% year-over-year last quarter, and full-year FY2026 revenue guidance was raised to $5.90 billion to $6.30 billion, representing 28% growth at the midpoint.""
Ciena Corp's stock price increased from $54.03 to $494.01, marking an 814% rise. The current trailing P/E is 315x, with a forward P/E of 99x, indicating high valuation. Analysts have a consensus price target of $340.94, suggesting the stock is overvalued. Despite this, Ciena's earnings grew 232% year-over-year, and revenue guidance for FY2026 was raised to $5.90 billion to $6.30 billion. The demand for AI infrastructure is driving growth, with a backlog of approximately $7 billion expected to support future performance.
Read at 24/7 Wall St.
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