CIG (Cambridge Technology) stock soared 10.16% during intraday trading on Monday, reflecting strong investor confidence in the company's performance.

The surge follows the company's recently disclosed first-quarter earnings report, which showed robust financial results. Revenue reached 1.287 billion RMB, representing a 43.98% year-over-year increase, while net profit attributable to shareholders surged 276.44% to 118 million RMB. This strong growth was primarily driven by increased shipment volumes of the company's optical module products.

Cambridge Technology indicated that 800G optical modules remain its primary shipping product, while its 1.6T optical modules began high-volume deliveries in the first quarter and are showing an upward trajectory. The stock movement also aligns with a broader rally observed across the Communications Equipment sector during the trading session.