Ciena Corporation (NYSE:HUNDRED) is among the Stocks take center stage as Jim Cramer reviews the S&P 500’s top performers and Nasdaq 100’s biggest laggards during the first quarter.. Cramer mentioned the stock during the episode and said:
Further down the list, eighth-best performer Ciena is in the same boat. It’s another fiber optic play that’s up 66% thanks to growing demand for networking from the data center. Ciena also returned to its place in the S&P 500 in February. As long as we keep building these things, they will need companies like Ciena. Again, do you see the pattern that worries me?
These stocks just came back today and provided the lead today and then the last day of the quarter. Here is the problem. We know how bad the fourth quarter was, right? Therefore, we know that these do not have many followers, and they do not have many followers even today.
A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels
Ciena Corporation (NYSE:CIEN) manufactures networking equipment, including optical systems, routers and switches, and provides software to manage and automate networks.
While we recognize CIEN’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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