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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 Corporation (NYSE: CIEN) will participate in three key financial community events in June 2021. These events include the Evercore ISI TMT Conference on June 8, featuring CFO Jim Moylan, the Stifel Virtual Cross Sector Insight Conference on June 9 with Scott McFeely, SVP of Global Products & Services, and the BofA Securities Global Technology Conference on June 10, also with CFO Jim Moylan. All events will be webcast live and later archived for viewing in the Investor Relations section of Ciena's website.
Ciena Corporation (NYSE: CIEN) is set to release its fiscal second quarter financial results on June 3, 2021, prior to market opening. Investors can access the press release on Ciena’s website. A live audio web broadcast hosted by management will take place at 8:30 a.m. Eastern on the same day, also accessible via the website. Following the live session, an archived version will be available in the Events & Presentations section for those unable to attend.
Aqua Comms and Telia Carrier, in collaboration with Ciena, have successfully completed a trial providing 400GbE commercial services between New York and Frankfurt. This trial follows Aqua Comms' upgrade of its Trans-Atlantic submarine cable routes with Ciena's GeoMesh Extreme submarine network solution. The initiative aims to meet the rising demand for connectivity as traffic between the US and Europe continues to grow. Telia Carrier and Aqua Comms are positioning themselves to support enhanced infrastructure for cloud and content services.
Ciena has successfully upgraded Angola Cables' MONET submarine cable network using its GeoMesh and WaveLogic Ai technologies. This upgrade adds 2.2 Tbps of capacity between Miami, Fortaleza, and São Paulo, enhancing network performance for digital services. The upgrade aims to meet rising demand for cloud services and provides a low-latency connection, facilitating regional growth. By bypassing cable landing stations, operational efficiency is improved while maintaining real-time monitoring through Ciena’s Manage, Control, and Plan system.
Ciena (NYSE: CIEN) announces that Altibox, a major operator in Norway and Denmark, is implementing Ciena’s Waveserver 5 coherent optical solution. This partnership aims to enhance Altibox's network capabilities, enabling high bandwidth connectivity, up to 800Gb/s, to meet growing demands from cloud providers and enterprises. The new pan-European network will support Altibox Carrier's wholesale business and strengthen connections to key digital hubs. This development is aligned with global trends, as data centers increasingly emerge in these regions driven by high-demand applications.
Zayo Group Holdings has deployed Ciena’s WaveLogic™ 5 Extreme technology between Dublin and Amsterdam, enhancing optical network capacity across Europe.
This implementation supports multi-terabit capacity and higher transmission rates, optimizing network performance. The collaboration aims to facilitate 400G customer connectivity in the region, addressing increased bandwidth demands due to cloud migration. Zayo's investments in infrastructure are crucial for meeting the rising intercontinental transfer and next-generation technology needs.
Aqua Comms has upgraded its Trans-Atlantic submarine cable routes using Ciena's GeoMesh Extreme solution, enhancing digital connectivity across the US, Ireland, Denmark, and the UK. The upgrades include a complete modernization of the AEC-1 cable, doubling its capacity to nearly 20Tb/s, and enhancing the AEC-2 network to support up to 500G rates. These upgrades improve operational efficiency and network reliability, enabling Aqua Comms to better serve global data centers and cloud providers.
Ciena Corporation (NYSE: CIEN) reported unaudited financial results for Q1 2021, revealing a revenue of $757.1 million, down from $832.9 million in Q1 2020, reflecting a 9.1% decline. GAAP net income was $55.3 million ($0.35 per share), compared to $62.3 million ($0.40 per share) in the same quarter last year. Despite the revenue drop, the company achieved a gross margin improvement to 47.3%. Ciena also repurchased 0.3 million shares for $13.2 million during the quarter, signaling confidence in its market position amid challenging conditions.
Ciena Corporation (NYSE: CIEN) has made proxy materials available for its 2021 Annual Meeting of Stockholders scheduled for April 1, 2021, at 3:00 p.m. ET. The meeting will be led by President and CEO Gary B. Smith and Senior VP and General Counsel David M. Rothenstein. Shareholders can attend virtually, submitting questions through the platform. Proxy materials can be accessed on the Ciena Investor Relations website. A 'Notice Regarding the Availability of Proxy Materials' will be mailed to stockholders as of the February 4, 2021 record date, ensuring they can participate in the meeting.
Ciena (NYSE: CIEN) has partnered with Xiber, a nationwide Internet Service Provider based in Indianapolis, to develop a Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) network for a major retail chain spread across six Midwestern states. This initiative will enhance network security and internet connectivity for retail employees and customers. Ciena's Adaptive IP™ solution will support rapid service deployment and low latency, improving overall user experience. Utilizing Ciena’s advanced routers, Xiber aims to provide a seamless and secure connectivity experience.
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