This Undervalued Tech Stock Is Crushing the Market, and It Isn’t Done Yet
Ciena (NYSE: CIEN) is not a household name in the technology space, but that hasn't prevented the stock from outperforming the broader sector in 2020 thanks to the business it is in.
While COVID-19 has put the brakes on many businesses, Ciena has been sailing through nicely as it deals in networking hardware, software, and services. Demand for the company's products and services has remained resilient in these difficult times as telecommuting, online education, and a surge in video gaming have emphasized the necessity of bandwidth amid the novel coronavirus pandemic.
Let's take a closer look at Ciena's business and find out why it could remain a top growth stock amid the uncertainty.
Source Fool.com
