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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.
Ciena has enhanced its Blue Planet intelligent automation software portfolio, enabling communication service providers (CSPs) to effectively monetize 5G and multi-cloud services. Key features include 5G automation for network slicing and improved operational agility through low-code usability. The launch is timed with Digital Transformation World (DTW) 2022, where Ciena aims to address challenges faced by CSPs. These upgrades are expected to facilitate quicker service delivery and enhanced customer experiences, positioning Ciena favorably in the evolving telecommunications landscape.
Ciena Corporation (NYSE: CIEN) reported its fiscal Q3 2022 results, revealing revenue of $868 million, down 12.2% from $988.1 million in Q3 2021. GAAP net income was $10.5 million with a diluted EPS of $0.07, a significant drop from $238.2 million or $1.52 per share last year. Adjusted net income fell to $49 million or $0.33 per share. The decline was attributed to late deliveries and lower volume commitments from suppliers. Despite challenges, Ciena expects improvements moving into fiscal 2023.
Ciena (NYSE: CIEN) will participate in several key financial events, including Citi's Global Technology Conference on September 7, 2022, and Goldman Sachs Communacopia & Technology Conference on September 13, 2022. Jim Moylan, CFO, will represent Ciena at the first two events, while David Rothenstein, Chief Strategy Officer, will speak at Goldman Sachs. Each event will be accessible via live webcast, with archived recordings available shortly after. Visit the Events & Presentations section on Ciena's website for more details.
Ciena Corporation (NYSE: CIEN) will announce its fiscal third quarter financial results on September 1, 2022, before market opening. The financial data will be accessible on Ciena’s website. A live audio web broadcast hosted by Ciena management will follow at 8:30 a.m. Eastern. For those unable to attend, an archived version of the call will be available shortly after the live event. Ciena delivers solutions for building agile networks, addressing evolving user demands.
Ciena (NYSE: CIEN) has expanded its collaboration with Mob Telecom to enhance high-capacity bandwidth connectivity in Brazil, focusing on 5G and cloud services. The deployment of Ciena's Waveserver 5 platform, capable of scaling up to 800Gb/s per channel, aims to meet increasing digital demands. Mob Telecom enhances network resilience through Ciena’s photonic technology and MCP controller, facilitating faster service rollout. This strategic partnership aims to accelerate digital inclusion in Brazil, empowering local communities and improving customer experience.
MSA Resources Sdn Bhd (MSAR) has selected Ciena (NYSE: CIEN) to enhance its Digital Super Highway Network in
Ciena (NYSE: CIEN) announced the deployment of a high-speed network by Media Commerce in Colombia, utilizing WaveLogic 5 Extreme technology. This network supports up to 800Gb/s capacity and enhances connectivity across more than 300 towns in the country. The new infrastructure offers ultra-low latency and flexible bandwidth options, catering to the increasing demand for services like streaming and cloud applications. With improved scalability and performance, this initiative positions Media Commerce as a leader in Colombia's telecommunications sector.
Ciena Corporation (NYSE: CIEN) reported its fiscal Q2 2022 results, showing revenue of $949.2 million, a 14% increase from $833.9 million in Q2 2021. GAAP net income was $38.9 million or $0.25 per share, down from $103.1 million or $0.66 per share year-over-year. Adjusted net income was $76.4 million or $0.50 per share, compared to $97.6 million or $0.62 per share in the prior year. The company repurchased approximately 1.5 million shares for $87 million amidst ongoing supply chain challenges.
Ciena Corporation (NYSE: CIEN) will participate in the Bank of America Securities 2022 Global Technology Conference on June 7, 2022, at 11:45 a.m. Eastern Time. Senior Vice President Scott McFeely will be the speaker. The event will be webcast live, with archived versions available on the Events & Presentations page of Ciena’s website approximately 24 hours after the live event.
Ciena provides solutions that enable the Adaptive Network™, addressing the evolving networking needs of customers.
Ciena (NYSE: CIEN) has been selected by GTS Telecom to enhance its network capacity across Romania, upgrading from 10G to 100G, with the potential for future expansions up to 800G. This deployment utilizes Ciena's 6500 Packet-Optical Platforms and WaveLogic encryption technology to provide high-performance, secure connectivity. GTS Telecom aims to meet the increasing demand for bandwidth and improve service quality, ensuring scalability and flexibility for future customer needs.
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