Welcome to our dedicated page for Ciena Corporation news (Ticker: CIEN), a resource for investors and traders seeking the latest updates and insights on Ciena Corporation stock.
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) 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.
Ciena Corporation (NYSE: CIEN) will announce its fiscal first quarter financial results on March 4, 2021, before market opening. The announcement will be accessible via Ciena’s website. Alongside the results, Ciena will provide additional supporting materials on its Quarterly Results page. A live audio web broadcast by management will take place at 8:30 a.m. Eastern. An archived version of the call will be available shortly after. For updates, follow Ciena on social media platforms.
Bulk Fiber Networks is enhancing its submarine cable system, Havfrue, with infrastructure from Ciena (NYSE: CIEN). The new 7,851km cable system offers a capacity 1,000 times greater than previous systems, linking the USA, Denmark, Ireland, and Norway. This cable is crucial for addressing growing connectivity demands in the Nordic region, providing network resiliency and low operational costs. Ciena's technology enables tailored virtual fiber pairs and effective network management, positioning Bulk Fiber Networks to cater to large-scale data transport needs.
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.
FAQ
What is the current stock price of Ciena Corporation (CIEN)?
What is the market cap of Ciena Corporation (CIEN)?
What does Ciena Corporation specialize in?
Who are some of Ciena's major clients?
What are the key business segments of Ciena?
Which markets does Ciena operate in?
What recent achievement has Ciena announced?
What industries does Ciena serve?
What is the focus of Ciena's current projects?
How does Ciena help its customers?
What percentage of Ciena's revenue comes from the Americas?
What future plans does Ciena have for its solutions?
