
While mega-cap AI stocks tend to grab most of the attention, investors shouldn't overlook Ciena (CIEN) and NetApp (NTAP) following record earnings reports this week.
Ciena Corporation provides hardware, software, and network services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks worldwide. The company is headquartered in Hanover, Maryland.
| Revenue (TTM) | $5.57B |
| Gross Profit (TTM) | $2.40B |
| EBITDA | $785.74M |
| Operating Margin | 15.20% |
| Return on Equity | 15.50% |
| Return on Assets | 6.66% |
| Revenue/Share (TTM) | $39.28 |
| Book Value | $21.54 |
| Price-to-Book | 14.74 |
| Price-to-Sales (TTM) | 8.17 |
| EV/Revenue | 7.59 |
| EV/EBITDA | 47.08 |
| Quarterly Earnings Growth (YoY) | 2383.00% |
| Quarterly Revenue Growth (YoY) | 39.50% |
| Shares Outstanding | $141.81M |
| Float | $140.88M |
| % Insiders | 0.58% |
| % Institutions | 95.98% |
Volatility is currently contracting

While mega-cap AI stocks tend to grab most of the attention, investors shouldn't overlook Ciena (CIEN) and NetApp (NTAP) following record earnings reports this week.

CIEN sees at least 30% fiscal 2027 revenue growth as backlog heads above $10B, but component supply remains the key constraint on converting demand.

CIEN's AI-driven optical demand, record backlog and supply agreements underpin strong growth through fiscal 2027.

Ciena Corporation is capitalizing on surging AI and hyperscaler demand, driving a record backlog and robust margin expansion. CIEN delivered 37% YoY revenue growth and doubled adjusted operating margin to 22.5%, with 2026 revenue guidance raised to $6.42 billion. Despite strong execution, CIEN trades at a premium valuation (~44x 2026E EPS), with significant customer concentration and industry supply constraints posing risks.

Ciena Corporation‘s (NYSE:CIEN | CIEN Price Prediction) fiscal third-quarter beat wasn't enough to save its stock this morning.

Ciena's fiscal Q3 2026 earnings jumped 215% as AI-driven cloud demand powered a record quarter, optical momentum and a higher 2026 revenue outlook.

Ciena NYSE: CIEN reported record fiscal third-quarter 2026 results, with revenue, operating margin and adjusted earnings per share reaching new highs as demand for optical networking equipment accelerated across data-center and wide-area network applications.

The headline numbers for Ciena (CIEN) give insight into how the company performed in the quarter ended July 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Ciena (CIEN) came out with quarterly earnings of $2.11 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $0.67 per share a year ago.

Ciena stock advances after the optical networking company reports better-than-expected earnings and raises fiscal-year revenue guidance.
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