Ciena Earnings: Can AI Hype Boost Demand Despite Macro Uncertainty?
• Ciena to report fiscal Q1 results, analysts keen to see if AI hype has boosted demand • Stock price up 35% since last earnings; strength in web-scale unit and Asia-Pacific • But some customers working through high inventories due to macro economy • Investment pouring into AI infrastructure like data centers needing interconnect gear • Global survey found only 9% significantly using AI; budget and infrastructure obstacles