11 AI News That You Should Not Miss

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6. Ciena Corporation (NYSE:CIEN)

Number of Hedge Fund Holders: 40

Ciena Corporation (NYSE:CIEN) provides hardware and software solutions for network traffic delivery, with a focus on AI-driven automation, multi-cloud orchestration, and network optimization.

Jefferies analyst George Notter has named Ciena (NYSE:CIEN) a “top idea for 2025,” maintaining a Buy rating with a $105 price target. Notter highlighted three factors driving the thesis: significantly underestimated AI-related traffic growth, Ciena’s position as a long-term leader in optical networking, and anticipated benefits from Tier 1 customers completing inventory reductions. The firm sees value in investing in a market leader with a forward P/E multiple of 20x, positioned to gain from ongoing AI-driven traffic expansion.

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