Ciena: Remain Buy-Rated With Caution On Valuation

Core Insights - Ciena Corporation (NYSE: CIEN) is viewed as a significant beneficiary of the AI demand cycle, leading to a buy recommendation for the stock [1] Group 1: Investment Philosophy - The investment approach is fundamentally based, focusing on long-term durability and affordability rather than merely low multiples [1] - There is a belief that successful companies can be risky investments if overvalued, emphasizing the importance of valuation [1] - The potential for vast development runways can make immediate price less critical in certain situations [1]