10 Best Pick and Shovel AI Stocks to Invest In

8. Ciena Corporation (NYSE:CIEN)

On June 22, 2026, Ciena Corporation (NYSE:CIEN) announced the appointment of Grant Hoffman as Chief Supply Chain Officer and the transition of Brodie Gage to Chief Product and Technology Officer. Both report to President and CEO Gary Smith and serve on Ciena’s Executive Leadership Team. The appointments are intended to support Ciena’s growth by strengthening its ability to scale operations while advancing innovation and product leadership.

On June 10, Colt Technology Services and Ciena completed one of the fastest quantum-safe data transmissions ever demonstrated and the fastest across a transatlantic route. The trial protected live data across 6900km of Colt’s subsea and terrestrial network between New York and London using Ciena’s WaveLogic 6 Extreme encryption solution. The companies said the trial showed data could be securely transmitted at an 800Gb Ethernet service rate while remaining protected against quantum threats.

On June 9, Ciena priced its private offering of $2.5 billion aggregate principal amount of 0.00% convertible senior notes due 2031, up from the previously announced $2.0 billion. Ciena also granted initial purchasers an option to buy up to an additional $375.0 million aggregate principal amount of notes within a 13-day period starting on the first issue date.

Ciena Corporation (NYSE:CIEN) provides hardware, software, and services for network operators in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.