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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's GeoMesh Extreme submarine solution has been selected by Southern Cross Cable Limited for its new 13,494 km Southern Cross NEXT cable project. The deployment, utilizing Ciena’s 6500 SLTE and WaveLogic 5 Extreme optics, aims to address the growing demand for bandwidth amid rising digital requirements. The NEXT system will integrate seamlessly with Southern Cross's existing network, enhancing connectivity across Australia, New Zealand, and the US. Expected completion is early 2022, with projections for improved capacity and sustainability.
Ciena (NYSE: CIEN) is collaborating with Consolidated Communications to enhance its wireline network, facilitating the deployment of advanced 5G services. This partnership leverages Ciena's Adaptive IP™ solutions, allowing Consolidated to offer flexible, high-performance connectivity options for its customers. Consolidated's extensive fiber network, covering 46,300 miles across 23 states, will support a range of communication solutions. This initiative aims to meet rising demands for reliable connectivity amidst a growing virtual landscape.
Consolidated Communications (NASDAQ: CNSL) has partnered with Ciena (NYSE: CIEN) to upgrade its wireline network, enhancing support for 5G services and applications. Utilizing Ciena's Adaptive IPTM solution, Consolidated aims to improve connectivity for customers transitioning to virtual environments. The collaboration will facilitate the introduction of new FlexEthernet-based slicing options, offering managed services without the need for carrier gear. This upgrade promises operational expense savings and expedited deployment of advanced networking capabilities for a growing demand in digital services.
Ciena Corporation (NYSE: CIEN) will participate in the Goldman Sachs 2021 Virtual Tech & Internet Conference on January 12, 2021, at 9:40 a.m. Eastern Time. The presentation will feature Jim Moylan, Senior Vice President & Chief Financial Officer, and will be webcast live, with an archived version available shortly after. Ciena, a leader in networking systems and software, focuses on solutions that create the Adaptive Network™, addressing the dynamic needs of users. For further updates, visit www.ciena.com.
Ciena Corporation (NYSE: CIEN) will participate in the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 8:30 a.m. Eastern Time. Scott McFeely, Senior Vice President of Global Products and Services, will be the speaker. The event will be available for live webcast and recorded for later viewing. Access will be provided via the Investor Relations section of Ciena's website. Ciena specializes in networking systems and services, delivering solutions that help clients adapt to changing demands.
Ciena Corporation (NYSE: CIEN) reported fiscal Q4 2020 revenue of $828.5 million, down 14.4% from $968.0 million in Q4 2019. Q4 net income was $65.0 million or $0.42 per share, down from $80.3 million or $0.51 per share year-on-year. For fiscal 2020, total revenue was $3.53 billion, a slight decrease from $3.57 billion in 2019. However, adjusted net income for Q4 rose to $94.5 million, or $0.60 per share, compared to $90.4 million in the previous year. Ciena will resume its share repurchase program in Q1 2021, targeting $150 million in purchases.
Hawaiki Submarine Cable LP has partnered with Ciena to enhance its network by deploying Ciena's WaveLogic™ 5 Extreme technology. This upgrade addresses rising demand for capacity and speed, especially due to COVID-19. Hawaiki operates the Hawaiki Transpacific Cable, the largest in the region, and this deployment will enable 500Gbps wavelengths, significantly improving channel speed and reducing latency. The upgrade is expected to enhance services for major clients, including Amazon Web Services and Vodafone, ensuring better connectivity across the Pacific region.
Ciena Corporation (NYSE: CIEN) will announce its fiscal fourth quarter and year-end 2020 financial results on December 10, 2020, before market opening. The press release will be available on Ciena's website. Additionally, management will host a live audio webcast at 8:30 a.m. Eastern Time, which can also be accessed on their website. An archived version of the conference call will be available afterward. For more updates about Ciena, follow them on social media platforms like Twitter and LinkedIn.
Ciena (NYSE: CIEN) has announced that NTT Communications Corporation will deploy its 800G line speed solution for Data Center Interconnect (DCI). This upgrade is designed to enhance network resilience and capacity, addressing the growing demands of 5G, gaming, and cloud services. The new network will support capacities up to 33.6Tbps, utilizing Ciena's WaveLogic 5 Extreme technology. Ciena's solutions aim to provide a dynamic digital experience for customers while reinforcing Ciena's commitment to delivering high-quality products efficiently.
Ciena Corporation (NYSE: CIEN) will participate in the Morgan Stanley Life After Covid Thematic Conference on Wednesday, November 11, 2020, at 12:45 p.m. Eastern Time. The event will feature Steve Alexander, Senior Vice President and Chief Technical Officer, as the speaker. The presentation will be webcast live, with an archived version available shortly after the live event on the Investor Relations section of Ciena’s website. Ciena specializes in networking systems, services, and software, helping create adaptive networks for evolving user demands.
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