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CIEN Ciena News Story

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Ciena jumps after beating Q4 forecasts on strong cloud, AI-driven demand

** Shares of networking equipment maker Ciena CIEN.N rise 8.9% to $240.23 premarket

** Co posts Q4 revenue of $1.35 bln, beating analysts' estimates of $1.29 bln

** Records adj. profit of 91 cents vs. estimates of 77 cents

** Co attributes results to strong demand from cloud and service providers and expanding AI/data-center opportunities

** 13 of 18 analysts rate stock "buy" or higher, five "hold"; median PT is $175 - data compiled by LSEG

** As of last close, CIENA stock up 160% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))

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