Ciena Stock Is Surging. Profits Get a Lift From a Better Supply Chain.

Ciena


stock is soaring Thursday after the optical-networking-infrastructure company posted better-than-expected results for its fiscal fourth quarter ended Oct. 29. The quarter was aided by significantly improved conditions in the component supply chain.

Ciena (ticker: CIEN) in recent quarters has experienced strong demand, but struggled to fulfill orders due to tight supplies of critical parts.