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Ciena Outlines Strong 2027 Outlook: What's Fueling the Momentum?

Zacks Investment Research·
Ciena Outlines Strong 2027 Outlook: What's Fueling the Momentum?

Ciena Corporation reported Q3 revenue growth of 37% and adjusted EPS surge of 215%, driven by strong AI network spending. The company's backlog exceeded $10 billion with most demand for 2027, and it projects at least 30% revenue growth in fiscal 2027. Competitors Corning and Viavi Solutions are also benefiting from AI infrastructure and data center investments.

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