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Barchart
Barchart
Faisal Humayun Khan

The Trump Administration Just Gave Ciena Stock a Huge Boost. What to Know.

Ciena CIEN Stock Trump Administration

With AI-driven demand from cloud and services providers, Ciena (CIEN) stock has surged by 347% in the last 12 months. However, after a euphoric rally to highs of $637.51, CIEN stock has corrected to current levels of $411.

It appears that the healthy correction is over, with the Trump Administration reportedly drafting a ban on the import of Chinese optical transceivers. Being a critical component in the building of data centers, the potential can imply a surge in demand for this component from local manufacturers. CIEN stock reacted positively to this news, and it’s likely that the positive momentum will sustain.

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