Jim Cramer on Ciena: “There’s More Than Enough Room for It to Grow for This One”

Ciena Corporation (NYSE:CIEN) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week. Cramer highlighted the stock’s performance during the episode, as he remarked:

Thursday, we get results from Ciena. This has been, it’s a networking player. It’s come off a lot from its highs, even though it’s up almost 150% for the year. I think Ciena’s got its own proprietary technology, and there’s more than enough room for it to grow for this one, thanks again to the data center.

A stock market graph. Photo by Alesia Kozik on Pexels

Ciena Corporation (NYSE:CIEN) builds networking equipment, including optical systems, routers, and switches, and provides software to manage and automate networks. Answering a caller’s query about the stock during the April 29 episode, Cramer said:

No, don’t need to… That one got away. That was Gary. He did an incredible job. If it came back down, I mean, in fairness, it went up to $527, it’s come down to $475. But… it’s up 100% and… People talk about this Rule of 40 they love. I think up 100%’s a little bit too hot for me, so I’m going to have to hold off. Boy, I remember when I bought that thing at the end in 1999. I crushed it.

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