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THE BEHIND-THE-SCENES COMPANY THAT'S OPERATING OUR REMOTE WORLD
Today's company provides the hardware and software that help keep the world connected...
Regular readers know that companies that supply the "picks and shovels" for an industry can make great investments. These companies provide tools and services for entire sectors.
And today's company helps provide the broadband Internet, cable, and telecom networks that are more important than ever in today's pandemic...
Ciena (CIEN) is a $9 billion supplier of telecommunications hardware and software. Its customers include telecom giants AT&T, Comcast, and Verizon, and it even serves the U.S. Department of Defense.
Keeping these systems running is especially crucial in today's world... With many schools and workplaces operating remotely, Ciena fulfills our need for fast connectivity.
In its recent second-quarter results, the company reported "industry leading financial performance," according to President and CEO Gary Smith.
CIEN shares are in a long-term uptrend, up nearly 130% over the past three years. And the stock recently hit new multiyear highs. Network connectivity is more important than ever today – and that's a big tailwind for Ciena...
Source: Daily Wealth