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Ciena Corporation (NYSE: CIEN) is a global leader in network and technology solutions, providing essential communications network equipment and services. The company's broad range of products includes packet-optical transport, packet-optical switching, carrier Ethernet, and comprehensive network support services. Ciena's expertise extends to managing and optimizing the transport, switching, and aggregation of video, data, and voice traffic across complex communications networks.
Many of the world's largest carriers and service providers, such as AT&T, BT, Comcast, France Telecom, and Verizon, rely on Ciena's solutions to enhance their network capabilities. Additionally, Ciena serves numerous national research and education networks, along with enterprises in various sectors including healthcare, finance, transportation, and retail. These sectors utilize Ciena's technology for real-time, latency-sensitive applications such as disaster recovery, business continuity, and data center consolidation.
Ciena's operations are segmented into four key areas: Networking Platforms; Platform Software and Services; Blue Planet Automation Software; and Global Services. These segments collectively drive the company's mission to help customers transition to service-driven networks that improve competitive positioning.
Geographically, Ciena has a significant presence in major markets including the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India. The majority of its revenue is generated from the Americas, reflecting its strategic market focus.
Recent achievements highlight Ciena's innovative edge. The company has successfully integrated its 400G coherent pluggable transceivers with DriveNets Network Cloud platform. This partnership underscores Ciena's commitment to advancing open, disaggregated networking solutions, which enable service providers to optimize their infrastructure and reduce operational costs.
At the upcoming OFC Conference, Ciena's integrated solutions with DriveNets will be showcased, demonstrating their enhanced network configuration and management capabilities. This integration simplifies network architecture by collapsing communication layers into a single platform, thereby offering significant cost savings and operational efficiencies.
Ciena continues to innovate with future plans involving the integration of its solutions with the Ciena Navigator Network Control Suite (NCS). This will provide better visibility and optimization of optical infrastructure, further solidifying Ciena's position as a leading provider in the optical and networking markets.
Cirion Technologies is set to deploy Ciena's WaveLogic 6 Extreme (WL6e) technology, becoming the first operator to offer 1.6 Tb/s speeds in Latin America. The upgrade will enhance Cirion's network capacity across its terrestrial and submarine networks, connecting over 160 data centers in more than 60 cities.
The deployment includes upgrading the SAC East submarine cable to achieve speeds up to 1.2 Tb/s, and implementing the new SAC-2 submarine route as part of the Firmina subsea system, spanning 14,517km to connect the United States, Brazil, and Argentina. The terrestrial implementation will enable 1.6 Tb/s wavelengths across metro DCI and backhaul networks.
Cirion will also implement Ciena's coherent aggregation routers and Navigator Network Control Suite for enhanced network management and optimization.
Ciena (NYSE: CIEN) has announced the availability of proxy materials for its 2025 Annual Meeting of Stockholders, scheduled for Thursday, March 27, 2025, at 3:00 p.m. Eastern Time. The meeting will be held virtually, featuring an audio webcast with slide presentation.
Stockholders of record as of January 27, 2025, will receive a 'Notice Regarding the Availability of Proxy Materials' containing a 16-digit control number for meeting access. The notice includes instructions for accessing proxy materials online or requesting paper copies. The 2024 Annual Report is now available for download on Ciena's Investor Relations website, with both standard and interactive versions accessible.
Telia Norway and Ciena (NYSE: CIEN) achieved a significant technological milestone by completing the first 1.6 Tb/s data transmission in the Nordics. The trial, conducted between Oslo and Trondheim over 656km, utilized Ciena's WaveLogic 6 Extreme (WL6e) technology and traversed seven reconfigurable optical add-drop multiplexers (ROADMs).
The achievement positions Norway as an attractive destination for data centers due to its affordable energy and favorable climate conditions. Ciena's WL6e, the industry's first high-bandwidth coherent transceiver using 3nm silicon, offers significant economic benefits including a 50% reduction in space and power per bit, while providing 1.6 Tb/s single-carrier wavelengths for metro ROADM deployments and maximizing network coverage for 800G connectivity.
Ciena (NYSE: CIEN) has announced it will release its fiscal first quarter 2025 financial results on Tuesday, March 11, 2025, before market open. The company will make the press release and supporting materials available on its website. Management will host a live audio web broadcast at 8:30 a.m. Eastern on the same day. An archived version of the conference call will be available in the Events & Presentations section of Ciena's Investor Relations website following the live broadcast.
Southern Cross Cable has achieved a significant milestone by implementing the world's first transpacific 1 Tb/s single-carrier wavelength across its 13,500km network using Ciena's (NYSE: CIEN) WaveLogic 6 Extreme coherent optics. The error-free transmission between Sydney and Los Angeles demonstrates record-breaking capabilities and spectral efficiencies.
The company will begin volume deployment of WaveLogic 6 Extreme in Q1 2025 across various network segments, including its Southern Cross NEXT cable. This implementation enhances network reliability and resilience throughout the Oceania region, supporting increasing bandwidth demands for AI, content, video, and cloud applications.
Southern Cross operates three diverse Trans-Pacific submarine cables connecting Australia, New Zealand, Fiji, and Hawaii to the mainland United States, with approximately 45,000 kilometers of submarine and 4,300 kilometers of terrestrial fiber optic cables. The network provides over 100 Tb/s of digital inter-connectivity capability.
Ciena (NYSE: CIEN) has announced its upcoming participation in the 27th Annual Needham Growth Conference. The event is scheduled for Thursday, January 9, 2025, at 11:45 a.m. Eastern Time, featuring Gary B. Smith, President and Chief Executive Officer, as the speaker.
The presentation will be accessible through a live webcast and will also be recorded. Archived versions of the presentation will be made available approximately 24 hours after the live event concludes, accessible through the Events & Presentations page in the Investors section of Ciena's website.
Ciena (NYSE: CIEN) announced the appointment of Lawton W. Fitt as independent Chair of its Board of Directors, effective December 11, 2024. She succeeds Patrick H. Nettles, Ph.D., who stepped down as Executive Chair and will retire at the 2025 Annual Meeting. Fitt, who has served as a Director since 2000 and chaired Ciena's Audit Committee, brings extensive experience including a 23-year career at Goldman Sachs where she was a partner and managing director. Dr. Nettles, who joined Ciena in 1994, will remain on the board until his retirement, supporting Fitt's transition. He previously served as CEO from 1994 to 2001 and has been Executive Chair since May 2001.
Ciena reported Q4 2024 financial results with revenue of $1.12 billion, slightly down from $1.13 billion in Q4 2023. For fiscal year 2024, revenue was $4.01 billion, compared to $4.39 billion in 2023. The company's Q4 GAAP net income was $37.0 million ($0.25 per share), down from $91.2 million ($0.62 per share) in Q4 2023. Adjusted Q4 net income was $79.3 million ($0.54 per share). During Q4, Ciena repurchased approximately 2.1 million shares for $132.0 million. The company ended fiscal 2024 with $1.33 billion in cash and investments, generating $514.5 million in operating cash flow for the year.
Ciena (NYSE: CIEN) has scheduled the announcement of its fiscal fourth quarter and year-end 2024 financial results for Thursday, December 12, 2024, before market open. The company will release supporting materials on its website's Investor Relations section and host a live audio web broadcast at 8:30 a.m. Eastern. An archived version of the conference call will be available after the live broadcast in the Events & Presentations section.
euNetworks has achieved a European first by deploying a 1.6 Tb/s coherent solution using Ciena's WaveLogic 6 Extreme (WL6e) on its production network. The deployment was conducted on a 281km route from Amsterdam to Düsseldorf, part of euNetworks' Super Highway infrastructure. The company is pre-deploying Ciena's Waveserver platforms across 13,000 kilometers to deliver 400G and 100G services.
The WL6e technology, utilizing 3nm silicon technology, offers 50% reduction in space and power consumption per bit and 15% improvement in spectral efficiency compared to previous generations. The system's performance is enhanced by euNetworks' Super Highway infrastructure, which combines low-loss G.657A1 fiber with fewer in-line amplifier shelters.
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