AI OpportunityCiena Corporation is well-positioned for the AI opportunity, with increased investor recognition driving the stock up ~45% year-to-date.
Market PositionCiena is seen as a structural long-term winner in the optical space, which supports a higher price-to-earnings multiple.
Product InnovationThe company announced their 1.6T Coherent-Lite product, which could be used for shorter-range connections and optical cross-connects, offering new opportunities.