On August 7, Ciena rose 3.87% in pre-market trading, trading at $419.4/share, with turnover of $355,100.

On the news front, the optical communication sector strengthened collectively, with peers Applied Optoelectronics surging 17.6% and Lumentum gaining 6.06%, creating sector-wide momentum that lifted Ciena in a rebound recovery. Industry data from Light Counting projects the Ethernet optical module market will grow 65% this year, with 800G module shipments expected to more than double and 1.6T module volumes scaling significantly from a small base.

On the fundamental side, Ciena reported interim revenue of $2.998 billion, up 36.38% year-over-year, with net profit soaring 588.26%. BNP Paribas previously raised its target price to $640 while maintaining an outperform rating, reflecting confidence in the company's earnings trajectory. The strong fundamental backdrop continues to support the stock's recovery following recent sector-wide volatility.

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