Best Growth Stocks to Buy for Dec. 23

By Zacks Equity Research | December 23, 2025, 3:56 AM

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, Dec. 23: 

Ciena Corporation CIEN: This network technology company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.1% over the last 60 days. 

Ciena Corporation Price and Consensus

Ciena Corporation Price and Consensus

Ciena Corporation price-consensus-chart | Ciena Corporation Quote

Ciena has a PEG ratio of 1.07 compared with 5.12 for the industry. The company possesses a Growth Score of A. 

Ciena Corporation PEG Ratio (TTM)

Ciena Corporation PEG Ratio (TTM)

Ciena Corporation peg-ratio-ttm | Ciena Corporation Quote

Alarm.com Holdings, Inc. ALRM: This IoT solutions provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days. 

Alarm.com Holdings, Inc. Price and Consensus

Alarm.com Holdings, Inc. Price and Consensus

Alarm.com Holdings, Inc. price-consensus-chart | Alarm.com Holdings, Inc. Quote

Alarm.com has a PEG ratio of 1.66 compared with 2.94 for the industry. The company possesses a Growth Scoreof B. 

Alarm.com Holdings, Inc. PEG Ratio (TTM)

Alarm.com Holdings, Inc. PEG Ratio (TTM)

Alarm.com Holdings, Inc. peg-ratio-ttm | Alarm.com Holdings, Inc. Quote

Great Lakes Dredge & Dock Corporation GLDD: This dredging company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.9% over the last 60 days. 

Great Lakes Dredge & Dock Corporation Price and Consensus

Great Lakes Dredge & Dock Corporation Price and Consensus

Great Lakes Dredge & Dock Corporation price-consensus-chart | Great Lakes Dredge & Dock Corporation Quote

Great Lakes Dredge & Dock Corporation has a PEG ratio of 1.03 compared with 3.06 for the industry. The company possesses a Growth Scoreof A. 

Great Lakes Dredge & Dock Corporation PEG Ratio (TTM)

Great Lakes Dredge & Dock Corporation PEG Ratio (TTM)

Great Lakes Dredge & Dock Corporation peg-ratio-ttm | Great Lakes Dredge & Dock Corporation Quote

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

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Ciena Corporation (CIEN): Free Stock Analysis Report
 
Great Lakes Dredge & Dock Corporation (GLDD): Free Stock Analysis Report
 
Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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