11 AI News Updates Investors Should Not Miss

6. Ciena Corporation (NYSE:CIEN)

Number of Hedge Fund Holders: 52

Ciena Corporation (NYSE:CIEN) is a leading provider of optical and routing systems, services, and automation software, primarily focused on the telecommunication industry and large cloud service providers. It also leverages AI, particularly through Blue Planet and Navigator Network Control Suite, to transform customer support, network management, and service operations. The company delivered solid fiscal first quarter 2025 results on March 11 that underscored balanced growth and strong momentum as the company benefits from global investments in AI.

Ciena Corporation (NYSE:CIEN) logged a 2.9% year-over-year increase in revenue to $1.07 billion as it benefited from the recalibration of AI-driven network architecture deployments. Gross margin improved to 42.8% from 42% a year ago, which is attributed to better cost management. The company’s research and development efforts are already paying off, helping position it as a global leader in high-speed connectivity to address critical bottlenecks in AI infrastructure deployment.