Ciena is trading 10.1% up at $374.90 after broader technology stocks rebounded on September 17, 2026, following the Federal Reserve’s rate decision.
- Investors continue reassessing Ciena’s strong September earnings disclosures, including an $8.5 billion backlog.
- The backlog is projected to grow beyond $10 billion by fiscal year-end.
- No new company-specific announcement was identified as the direct catalyst.