Ciena Jumps 5.9% on AI Data Center Deals, 42% Cloud Revenue
Ciena's stock rose 5.91% to close at $337.36, hitting an intraday high of $349.77. Direct cloud providers accounted for 42% of its fiscal first-quarter 2026 revenue and it secured large-scale networking deals with three of the four largest cloud operators to link AI data centers.
1. Stock Performance
Ciena shares rose 5.91% to close at $337.36, reaching an intraday high of $349.77 and moving within a 52-week range of $49.21 to $365.90.
2. Revenue Composition
Direct cloud providers contributed 42% of Ciena’s fiscal first-quarter 2026 revenue, underscoring the importance of hyperscale networking sales to its overall results.
3. AI Infrastructure Deals
The company secured large-scale networking contracts with three of the four largest cloud operators to link AI data centers, positioning it to benefit from escalating AI infrastructure spending and support long-term revenue growth.