"Cramer stated, 'If it came back down, I mean, in fairness, it went up to $527, come down to $475.' He emphasized that a 100% increase is 'a little bit too hot for me.'"
"Ciena's WaveLogic 6 Extreme 1.6 Tb/s coherent solution is crucial for hyperscalers needing enhanced data center connectivity, leading to a 76% surge in Direct Cloud Provider revenue."
"CEO Gary Smith highlighted 'unprecedented, broad-based demand as we enable customers to monetize their AI investments,' reflecting strong fundamentals behind Ciena's stock performance."
Ciena's stock has increased 500% since last year, prompting caution from Jim Cramer. He noted the stock's recent peak at $527 and current price of $475. Cramer believes a 100% increase is excessive. Ciena benefits from the AI infrastructure boom, with Direct Cloud Provider revenue up 76% year-over-year. The company raised its FY2026 revenue outlook to $5.9 billion to $6.3 billion. Ciena's Q1 adjusted EPS was $1.35, exceeding estimates, with a 33.1% revenue increase and improved operating margins.
Read at 24/7 Wall St.
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