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CIEN News29 articles
Corning Rallies 10% on AI Data Center Fiber Deals
Corning stock jumped 10.3% to $193.45 on AI data center fiber deals with Amazon and Nvidia. Q1 core sales rose 18% to $4.35 billion, but valuation risks remain.
G7 Leaders Debate AI Model Access Amid OpenAI's $1T IPO Plan and Rising China Competition
G7 leaders debate AI model access as OpenAI files for a $1T IPO. Anthropic restricts models, China boosts local AI, and cybersecurity deals surge.
Nokia Shares Slide as AI Rally Fades Amid Oil and Rate Concerns
Nokia shares fell 2.98% in Helsinki as investors pulled back from AI-related tech stocks amid rising oil prices and rate concerns. ADRs dropped 13.48% Friday.
Nokia Refinances €500M Debt, Shares Dip 5.87% as AI Rally Pauses
Nokia shares closed down 5.87% on Friday after refinancing €500M in debt, but still posted a 4.72% weekly gain. London investor meetings are scheduled for June 10.
Nokia Stock Plunges 6% as AI Rally Fades, Nordea Boosts Target
Nokia shares fell 6.15% in Helsinki, snapping a three-day AI rally, as investors questioned pricing of AI and Nvidia deals, despite Nordea raising its price target to €15.70.
Ciena Stock Dips Despite Earnings Beat as AI Euphoria Fades
Ciena shares fell 9.5% premarket despite beating Q2 estimates and raising guidance, as AI-driven demand concerns and customer concentration weigh on sentiment.
AI Infrastructure Orders Boost Cisco's Outlook, Stock Nears Highs
Cisco closed near $120 after a strong Q3 earnings report, with AI infrastructure orders surging and full-year guidance raised to $9 billion.
Ciena Shares Slide 13% on Mixed AI Network Demand Signals
Ciena shares dropped 13% following its fiscal Q2 earnings release, as AI-driven demand for optical networking hardware met a cautious market. The stock remains up over 140% year-to-date.
Coherent Stock Slips 6.6% Amid Profit-Taking in AI Optics Sector
Coherent Corp. (COHR) dropped 6.6% to around $352 on Friday, even as the broader market rose, signaling profit-taking in AI optics stocks.
Nokia Stock Retreats as AI Rally Fades in Helsinki
Nokia shares fell 2.74% in Helsinki, retreating from an AI-led rally. The stock's ADRs declined over 7% in the U.S. as investors reassess valuations despite raised growth forecasts.
Viavi Solutions Plunges on $500M Stock Offering for Debt Reduction
Viavi Solutions shares dropped 7.1% after-hours Tuesday after the company announced a $500 million stock offering to repay debt, potentially adding 10.1 million new shares.
Nokia Stock Retreats After AI Rally: Key Details for Investors
Nokia's US-listed shares dropped about 5% Friday, pulling back from an AI-driven rally. The company reported a 54% rise in Q1 operating profit and named a new mobile infrastructure president.
Nokia Taps Siemens Executive to Lead Mobile Unit as AI Drives Rally
Nokia Oyj hires Siemens executive Emma Falck to head Mobile Infrastructure as Q1 profit surges 54% and AI/cloud sales jump 49%, lifting shares 5.5%.
AAOI Stock Dips 10% After Q1 Revenue Miss, Despite AI Optics Demand Surge
Applied Optoelectronics (AAOI) shares dropped over 10% after Q1 revenue and Q2 guidance missed Wall Street estimates, despite a 51% revenue surge and doubled data-center sales. The company begins volume shipments of 800G products.
Coherent Stock Dips Despite Strong AI-Driven Q3 Results
Coherent Corp. shares dropped 6% after hours despite beating Q3 revenue estimates at $1.81B, driven by AI infrastructure demand. Wall Street focused on weak cash flow and margin misses.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
Ciena Shares Face Valuation Check as $416 Target Highlights Priced-In AI Hopes
Ciena shares face a valuation reality check after Rothschild & Co Redburn set a $416 target, nearly 22% below the current price, as much of the AI networking optimism appears already priced in.
Ciena Shares Dip as AI Optical Demand Faces Supply and Valuation Hurdles
Ciena shares dropped 6.5% after Corning's sales outlook missed estimates, highlighting supply and valuation challenges in the AI optical networking boom.
BlackRock Reveals 8% Stake in Ciena as AI Optical Networking Demand Surges
BlackRock disclosed an 8% stake in Ciena, signaling institutional confidence in the AI networking trade. Shares are near record highs amid strong demand for optical connectivity.
Ciena Stock Volatile Amid Insider Sale, AI Networking Demand in Focus
Ciena Corporation shares gained 3.5% Friday as a Form 144 filing revealed an insider sale plan, coming after the company reported record quarterly revenue and raised its 2026 sales forecast driven by AI networking demand.
Nokia Shares Recover Amid Market Rebound, AI Strategy Faces Scrutiny
Nokia's stock gained 1% Monday, partially recovering from a nearly 4% decline on Friday. The company continues to push its AI and fiber networking strategy while facing margin pressures.
Morgan Stanley Boosts Nokia Outlook on AI Infrastructure Strength
Nokia shares gained after Morgan Stanley lifted its price target to €8.50, highlighting strong AI infrastructure demand. Trading volume more than doubled the 50-day average.
Corning Surges on AI Fiber Demand and Meta Deal Ahead of Key Conference
Corning shares advanced 6.5% to $137.50, driven by strong optical fiber demand and a major supply agreement with Meta Platforms. Sector peers Ciena and Lumentum also posted gains exceeding 6%.
Coherent Unveils 224Gbps Chip for AI Data Centers Ahead of OFC
Coherent Corp has introduced a high-speed 224Gbps quad-channel transimpedance amplifier designed for next-generation 800G and 1.6T optical transceivers in AI data centers. The company also debuted a new test instrument and will join the Bloomberg 500 index on March 12, following a $2 billion strategic investment from Nvidia.
Broadcom CEO's Copper Comments Trigger Selloff in Optical Networking Stocks
Corning shares dropped sharply after Broadcom's leadership indicated a slower-than-expected transition to optical links within AI server racks, favoring copper for near-term scale-up connections. The shift pushes the anticipated inflection for advanced optics technology further into the future.
Corning Surges to Record High on UBS Upgrade, Fueled by AI Data Center Demand
Corning shares surged 7.3% to a record high Friday after UBS upgraded the stock, highlighting robust fiber-optic demand from AI data center expansion. The stock's year-to-date gain is approaching 60%.
Lumentum Shares Extend Rally on AI Infrastructure Demand
Lumentum Holdings surged nearly 5% Monday, leading a broader optics and networking stock rally. The move follows strong quarterly results and an upbeat outlook tied to data center expansion for artificial intelligence workloads.
Coherent Shares Surge 7% on Bank of America Price Target Boost Amid AI Data Center Focus
Coherent Corp stock rallied over 7% after Bank of America raised its price target to $250, citing strong hyperscale capital expenditure trends. The optical components maker also provided its Q3 revenue and earnings guidance.
Ciena Gains on S&P 500 Inclusion Amid Broader Market Weakness
Ciena shares advanced as the stock joined the S&P 500 index, triggering passive fund inflows. The move comes amid a volatile market focused on AI uncertainty and upcoming economic data.