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Current stock research snapshot · 9/13/26 Fresh
CIENCiena Corporation
Investment conviction●○○○○1 of 5 · current snapshot
Research target$246.41Current stock price target
Investment thesis statusSTRENGTHENEDLast reviewed 9/13/26
Market cap$55.34BSnapshot value · 9/13/26
Research history
See all CIEN changes ↗What changed
800G/1.6T coherent optical transport for data center interconnects — the optical networking layer connecting GPU clusters. Competitor to ANET/CSCO. $4B rev, P/E 25.
Q3 FY2026 earnings (Q2 revenue $1.57B +40% YoY, backlog $7B+); WaveLogic 6 Extreme 800G/multi-rail DCI ramp (20 new customers Q2, 110 total); FY2026 guidance raised to ~$6.3B revenue; addressable market doubling to ~$50B by 2029 on AI scale-out networking
needs primary source validation
needs primary source validation
Snapshot · 9/13/26🟡 Mixed · ins-$14.9M · 13F 20+/5-×0.0 · short↑0.23
Snapshot · 9/13/26