Ciena Corporation (CIEN) Has Emerged as a High-Growth, Key Infrastructure Winner in the AI Era. Here’ Why

Munro Partners, an investment management firm, released its “Munro Global Growth Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the December quarter, the Fund returned -0.7%. The Fund’s long positions contributed to the performance, while short positions, hedging, and currencies detracted. Global equity markets delivered solid performance in 2025. US markets posted strong gains in the quarter, with the S&P 500 up 2.4% and the Nasdaq up 2.3%. Europe and Japan were among the stronger performance contributors. For more information on the Fund’s best picks in 2025, please check its top five holdings.

In its fourth-quarter 2025 investor letter, Munro Global Growth Fund highlighted stocks such as Ciena Corporation (NYSE:CIEN). Ciena Corporation (NYSE:CIEN) is a network technology company that offers hardware, software, and services for various network operators. On January 14, 2026, Ciena Corporation (NYSE:CIEN) stock closed at $238.38 per share. One-month return of Ciena Corporation (NYSE:CIEN) was 13.13%, and its shares gained 183.65% of their value over the last 52 weeks. Ciena Corporation (NYSE:CIEN) has a market capitalization of $33.625 billion.

Munro Global Growth Fund stated the following regarding Ciena Corporation (NYSE:CIEN) in its fourth quarter 2025 investor letter:

“Ciena Corporation (NYSE:CIEN) (Connectivity) delivered a strong result in early December, demonstrating their important role in the networking that is needed for hyperscalers to build out their data centre infrastructure.

Ciena Corporation (NYSE:CIEN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 70 hedge fund portfolios held Ciena Corporation (NYSE:CIEN) at the end of the third quarter, which was 57 in the previous quarter. Ciena Corporation (NYSE:CIEN) reported revenue of $1.22 billion in the third quarter of 2025, exceeding expectations and marking an 8% sequential increase and nearly a 30% year-over-year growth. While we acknowledge the potential of Ciena Corporation (NYSE:CIEN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Ciena Corporation (NYSE:CIEN) and shared the list of hot tech stocks to invest in. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.