Ciena(US:CIEN) ZACKS·2026-01-21 18:01Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Ciena (CIEN) - Ciena currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price increases, with a 31.78% rise over the past quarter and a remarkable 172% increase over the last year, compared to the S&P 500's 1.25% and 14.72% respectively [6] Price Performance - Over the past week, Ciena shares increased by 5.58%, outperforming the Zacks Communication - Components industry, which rose by 1.73% [5] - The monthly price change for Ciena is 0.38%, while the industry average is 1.25%, indicating relative strength [5] Trading Volume - Ciena's average 20-day trading volume is 1,867,587 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, 8 earnings estimates for Ciena have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.36 to $5.33 [9] - For the next fiscal year, 5 estimates have also moved higher, reflecting positive sentiment around the company's earnings potential [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Ciena is positioned as a solid momentum pick, meriting attention from investors seeking growth opportunities [11]