Key Takeaways CSCO secured over $2B in AI infrastructure orders in fiscal 2025.Ciena holds a $5B backlog, supporting revenue visibility into fiscal 2026.CSCO expects fiscal 2026 revenue of $61.2B-$61.7B with margins above 65%.Ciena Corporation (CIEN) and Cisco Systems, Inc. (CSCO) are prominent players in the global networking industry, providing critical infrastructure that enables data transmission, cloud connectivity and enterprise communications. Their solutions support service providers, hyperscalers a ...

格隆汇2月24日｜Astera Labs涨超3%，康宁涨超2%，Coherent、Ciena、Lumentum涨近2%。 ...

来源：滚动播报 摩根士丹利将Ciena目标股价从每股213.00美元上调至每股280.00美元 ...

This comparison looks at two of the most popular small-cap index ETFs, each offering broad exposure to U.S. smaller companies. The Schwab U.S. Small-Cap ETF (NYSEMKT:SCHA) and the Vanguard Small-Cap ETF (NYSEMKT:VB) both contain a diversified selection of U.S. small-cap stocks, but they differ on size, risk profile, and sector tilts, giving investors a few notable trade-offs to consider. Snapshot (cost & size) Metric SCHA VB Issuer Schwab Vanguard Expense ratio 0.04% 0.05% 1-yr re ...

美股 光通信概念逆市走高，Lumentum涨5.5%创历史新高，Astera Labs、Coherent、Ciena跟涨1%。 ...

Core Insights - Ciena Corporation (CIEN) is experiencing increased demand for its optical networking products, primarily due to AI-driven network expansion and rising data traffic from cloud and service provider customers [1][3] - The company reported a 19% year-over-year increase in optical revenues for Q4 2025, with RLS photonic line system revenues rising by 72% [1] - Ciena's total revenues for fiscal 2025 reached $4.77 billion, marking a 19% increase, with record annual orders of $7.8 billion [6] Demand and Growth Opportunities - The opportunity "in and around the data center" has expanded threefold year over year and is expected to significantly contribute to fiscal 2026 growth [2] - Cloud providers are expanding their infrastructure to support AI workloads, with a notable increase in orders from cloud customers, contributing to a growing backlog [3] - Ciena secured multiple Managed Optical Fiber Network (MOFN) projects, including significant deployments in India, which support growth in hyperscaler engagements [4] Market Position and Future Projections - Ciena is a leading supplier of 40G and 100G optical transport technology, with expectations for its total addressable market to reach $13 billion by 2028 at a CAGR of 26% [5] - The company anticipates revenues between $5.7 billion and $6.1 billion for fiscal 2026, indicating nearly 24% growth at the midpoint [7] - Ciena's interconnects portfolio is expanding, with expectations to double interconnect revenues in 2025, supported by a major hyperscaler order [5] Financial Performance - Ciena achieved record Q4 2025 revenues of $1.35 billion, a 20.3% increase year over year [6] - The company has a backlog of approximately $5 billion, providing strong demand visibility as it enters fiscal 2026 [7] Competitive Landscape - Ciena operates in a highly competitive market for communications networking equipment, facing challenges from rising input costs and supply constraints [8] - Competitors like Cisco Systems and Arista Networks are also experiencing strong demand, particularly from hyperscalers and cloud customers [9][10][11]

Core Insights - Ciena is experiencing a slight decline in stock price on Tuesday but is targeting a potential fourth consecutive week of gains [1] Company Performance - The company is currently down slightly, indicating a minor setback in its stock performance [1] - Despite the current decline, Ciena is optimistic about achieving a fourth consecutive week of positive performance [1]

Core Insights - The S&P 500 has had a slow start this year, while the Dow Jones Industrial Average reached a record 50,000, driven by investments in undervalued tech stocks, particularly in the SaaS sector and AI opportunities [1] Group 1: Ciena - Ciena is a leader in networking and connectivity, with products essential for streaming, e-commerce, and cloud services, and is increasingly in demand for AI infrastructure [4] - The company's data center business is growing rapidly, with expectations to double last year's sales by 2025 [4] - Ciena's addressable market was $600 billion last year, projected to grow to $1 trillion by 2028 [6] - The stock gained 176% last year, indicating strong growth potential [7] Group 2: Sandisk - Sandisk has seen a remarkable increase of 1,440% since becoming a standalone public company, driven by new deals with data center clients [8] - Revenue increased by 31% sequentially and 61% year over year in the second quarter of fiscal 2026 [8] - The company specializes in NAND flash memory, which is in high demand for AI hyperscalers and data centers, with data center revenue up 64% sequentially [10] - Adjusted earnings per share (EPS) rose to $6.20 in the second quarter, up from $1.23 last year [10] - The stock is considered reasonably priced at 15 times trailing-12-month sales [11] Group 3: ServiceNow - ServiceNow has been significantly affected by the market sell-off, down 50% over the past year, but continues to grow rapidly [12] - The company is a leader in workflow software, serving 8,800 clients, and is enhancing its services through partnerships with AI companies [13] - The stock trades at a P/E ratio of 29, suggesting potential for expansion in 2026 [14]

Group 1 - Deep-pocketed investors are adopting a bullish approach towards Ciena, indicating potential significant developments ahead [1] - Recent options activities for Ciena show 15 extraordinary trades, with 40% of investors leaning bullish and 33% bearish; notable trades include 3 puts totaling $226,376 and 12 calls amounting to $555,175 [2] - Major market movers are focusing on a price band between $125.0 and $450.0 for Ciena over the last three months [3] Group 2 - The average open interest for Ciena options is 82.08, with a total volume of 87.00; the last 30 days show significant call and put option activity within the $125.0 to $450.0 strike price corridor [4] - Ciena is a telecommunications equipment provider specializing in optical transport technologies, serving various industries including communication services, web-scale providers, and large enterprises [5] - Recent expert opinions indicate a consensus target price of $270.0 for Ciena, with differing ratings from analysts [7] Group 3 - Ciena's stock price is currently $291.0, reflecting a 2.01% increase; RSI indicators suggest the stock may be approaching overbought conditions [9] - Upcoming earnings are expected to be released in 20 days, with one analyst lowering the rating to Neutral and a new price target of $260, while another maintains a Buy rating with a target price of $280 [9]

Core Insights - The Vanguard Small-Cap ETF (VB) and the State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) are both low-cost options for investors interested in U.S. small-cap stocks, but they differ in portfolio composition and performance nuances [1] Cost & Size - Both VB and SPSM have an expense ratio of 0.03% [2][3] - As of February 12, 2026, VB has a 1-year return of 10.65% compared to SPSM's 10.28% [2] - SPSM offers a higher dividend yield of 1.53% versus VB's 1.27% [2] - VB has significantly larger assets under management (AUM) at $169 billion compared to SPSM's $14 billion [2] Performance & Risk Comparison - Over the past five years, VB experienced a maximum drawdown of -28.16%, while SPSM had a slightly lower drawdown of -27.95% [4] - An investment of $1,000 in VB would have grown to $1,260 over five years, while the same investment in SPSM would have grown to $1,216 [4] Portfolio Composition - SPSM tracks the S&P SmallCap 600 Index and includes 607 stocks, with top sectors being financial services (17%), industrials (16%), and consumer cyclical (15%) [5] - VB holds a broader portfolio of 1,324 stocks, with a focus on industrials (19%), technology (17%), and financial services (13%) [6] Investment Implications - VB's greater diversification, with more than twice the number of stocks as SPSM, may help limit risk associated with small-cap stocks [7] - VB's heavier allocation to technology (17% vs. 13% for SPSM) may lead to higher volatility but also greater long-term returns [8] - Both funds have shown similar total returns over 12 months and five years, but VB has slightly outperformed SPSM in both periods [9]