1 Artificial Intelligence (AI) Growth Stock to Buy Following Its Latest Plunge
Share prices of Ciena (NYSE: CIEN) plunged nearly 13% in a single day (June 5) following the release of the company's fiscal 2025 second-quarter results (for the three months ended May 3). The steep drop seemed a tad harsh, as its numbers were quite solid. Ciena reported healthy growth in its revenue and earnings, fueled by the artificial intelligence (AI)-powered demand for the company's optical networking components. Management also offered better-than-expected revenue guidance for the current quarter.The post-earnings plunge offers Ciena investors (and potential investors) an opportunity to buy shares of this fast-growing fiber-optics company. Let's look at the reasons why buying Ciena stock right now could turn out to be a smart long-term move.Image source: Getty Images.Continue reading
Share prices of Ciena (NYSE: CIEN) plunged nearly 13% in a single day (June 5) following the release of the company's fiscal 2025 second-quarter results (for the three months ended May 3). The steep drop seemed a tad harsh, as its numbers were quite solid. Ciena reported healthy growth in its revenue and earnings, fueled by the artificial intelligence (AI)-powered demand for the company's optical networking components. Management also offered better-than-expected revenue guidance for the current quarter.
The post-earnings plunge offers Ciena investors (and potential investors) an opportunity to buy shares of this fast-growing fiber-optics company. Let's look at the reasons why buying Ciena stock right now could turn out to be a smart long-term move.
Image source: Getty Images.
