10 Best Tech Stocks to Buy Under $100

4. Ciena Corporation (NYSE:CIEN)

Share Price as of July 14: $81.42

Number of Hedge Fund Holders: 58 

Ciena Corporation (NYSE:CIEN) is one of the best tech stocks to buy under $100. On June 25, Telxius, which is a global connectivity provider, and Ciena announced an industry first: a live 1.3 Tb/s single wavelength data transmission across the Atlantic Ocean. The achievement took place over Telxius’ 6600 km Marea submarine cable, which connects Virginia Beach, Virginia, in the US, to Bilbao, Spain.

The groundbreaking transmission was powered by Ciena’s WaveLogic 6 Extreme (WL6e) technology, which uses state-of-the-art 3nm silicon. Beyond the record-setting data rate, the companies also achieved the highest-ever spectral-efficiency transmission across the Atlantic and reached 7.0 bits/s/Hz. This milestone offers enhanced support for the rising demands of AI and data center traffic growth.

Ciena’s WL6e technology is the industry’s first high-bandwidth coherent transceiver. It offers a 50% reduction in space and power per bit to operators. Telxius plans to deploy WL6e in selected submarine systems across its network throughout the remainder of 2025 and beyond.

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