12 Unstoppable Technology Stocks to Buy

2. Ciena Corporation (NYSE:CIEN)

Number of Hedge Fund Holders: 70

6-month performance: 197.16%

Ciena Corporation (NYSE:CIEN) is one of the Unstoppable Technology Stocks to Buy. On December 17, Meta Marshall from Morgan Stanley reiterated a Hold rating on the stock, but raised the price target significantly from $195 to $213. Earlier on December 12, Atif Malik from Citi also raised the price target from $230 to $280, and maintained a Buy rating.

This increased bullish sentiment comes after a 186% increase in stock price on a year-to-date basis. Meta Marshall from Morgan Stanley noted that this improved performance reflects that the AI trade broadened out from the semiconductor names to infrastructure companies in 2025. She sees that this diversification was beneficial for optical equipment manufacturers. Marshall added that these companies are expected to continue this rally through the first half of 2026. However, for the second half, she recommends investors to be more selective as the multiples remain high and returns can be impacted.

That said, Ciena Corporation (NYSE:CIEN) delivered strong results during its fiscal Q4 2025 earnings, released on December 11. The company grew its revenue by 20.27% year-over-year to $1.35 billion, surpassing estimates by $60.93 million. Moreover, the EPS of $0.91 also topped the consensus by $0.14. Management noted that this performance was driven by a strong demand environment and their disciplined execution.

Looking ahead, management expects fiscal 2026 revenue to be in the range of $5.7 billion to $6.1 billion, with non-GAAP gross margins of around 43%.

Ciena Corporation (NYSE:CIEN) provides networking hardware, software, and services to telecom operators and cloud providers, focusing on optical networking, routing, switching, and automation tools.