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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 (NYSE: CIEN) has unveiled a 1.6 Tb/s Coherent-Lite pluggable solution to help cloud and data center providers handle the expected surge in traffic from cloud, machine learning, and AI applications. This offering, based on Ciena's WaveLogic 6 Nano (WL6n) technology, will be available in both 1.6 Tb/s and 800G versions. The solution utilizes a 3nm coherent ASIC that supports dual 800G data paths within a single DSP chip.
The Coherent-Lite design is optimized for power and latency in shorter-reach data center applications. Industry experts predict this technology will address the increasing bandwidth demands driven by AI and machine learning adoption. Ciena's WL6n Coherent ASIC will be available for electro-optic integration by the end of this year, with a prototype of the 1.6 Tb/s pluggable to be showcased at ECOC 2024.
Commsworld, Scotland's leading ISP, has launched a new business-grade 'Ethernet over Fibre to the Premises (EoFTTP)' broadband service using Ciena's (NYSE: CIEN) XGS-PON technology. The service offers 1 Gb/s symmetric connectivity with bandwidth guarantees and repair times comparable to more expensive leased lines, addressing a gap in the UK connectivity market.
The network utilizes Ciena's XGS-PON pluggable optical line terminals (micro-OLTs) and 3801 optical network units (ONUs). This deployment allows Commsworld to easily scale bandwidth to meet demand, particularly in rural areas. The project is being carried out in cooperation with Ciena's partner Nomios, focusing on integration and automation to deliver new revenues from existing infrastructure.
Danish network provider TDC NET is transforming its Operating Support System (OSS) using automation software from Blue Planet, a division of Ciena (NYSE:CIEN). The implementation of Blue Planet Inventory (BPI) on Blue Planet's Cloud Native Platform will provide TDC NET with a unified view of its mobile and fixed network resources and services. This deployment is part of TDC NET's larger digital transformation strategy, which includes integration with other vendors for various functions. The BPI will enable TDC NET to accurately model and visualize network resources, automate workflows, and streamline operations. This transformation follows TDC NET's recent optical transport network upgrades with Ciena, demonstrating a comprehensive, open, and future-ready ecosystem.
Ciena (NYSE: CIEN) has announced that James E. Moylan, Jr., Senior Vice President and Chief Financial Officer (CFO), plans to retire on August 28, 2025. Moylan has served Ciena for over 16 years and will continue as CFO until a successor is in place. The company will begin a search process to identify a new CFO.
Gary Smith, Ciena's president and CEO, praised Moylan's significant contributions to the company's growth and operating model. Moylan expressed his gratitude for being part of Ciena, describing it as the highlight of his career. He will continue in a leadership role for the next year to ensure a smooth transition.
Ciena (NYSE: CIEN), a networking systems, services, and software company, reported Q3 fiscal 2024 results with revenue of $942.3 million, down 11.8% YoY from $1.07 billion in Q3 2023.
GAAP net income was $14.2 million or $0.10 per share, compared to $29.7 million or $0.20 per share last year. Adjusted net income was $50.8 million or $0.35 per share, down from $89.1 million or $0.59 per share in Q3 2023.
The company repurchased 0.6 million shares for $29 million during the quarter. GAAP gross margin increased to 42.9% from 42%, and non-GAAP gross margin improved to 43.7% from 42.7%. Operating margin declined to 2.9% (GAAP) and 8% (non-GAAP) from 7.3% and 12% respectively. Adjusted EBITDA also dropped by 34.9% YoY to $98.5 million.
By segment, Networking Platforms revenue decreased to $699.5 million from $846.6 million, while Platform Software and Services saw a slight rise to $83.2 million. Geographically, the Americas led with $718.6 million in revenue.
Arelion and Ciena (NYSE: CIEN) have achieved a world-first 1.6 Tb/s wavelength data transmission in a live network field trial. The test was conducted on Arelion's 470km route between Ashburn, Virginia and Virginia Beach, using Ciena's WaveLogic 6 Extreme (WL6e) technology. This breakthrough will enable Arelion to increase capacity and serve growing bandwidth demands for 5G, AI/ML applications, cloud services, and content delivery.
Key benefits of WL6e include:
- 50% reduction in space and power per bit
- 15% higher spectral efficiency
- Ability to deliver multiple 400/800 Gb/s services
- Improved energy efficiency and performance
The trial also utilized Ciena's 6500 Reconfigurable Line System for simplified network provisioning. This milestone reinforces Arelion's commitment to open optical networking and next-generation coherent optic solutions.
Lumen Technologies (NYSE:LUMN) has chosen Blue Planet Inventory (BPI), an intelligent automation software from Ciena's (NYSE:CIEN) Blue Planet division, to drive its strategic network inventory transformation initiative. This selection aims to:
- Consolidate multiple legacy inventory systems
- Streamline service delivery and assurance processes
- Digitize network assets
- Improve global customer experience
The implementation of BPI will enable Lumen to create a digital twin of its network, allowing for test simulations, network planning, and issue identification. This transformation is important for Lumen's mission to connect people, data, and applications efficiently while improving operational efficiency and supporting innovations like Network-as-a-Service and Private Connectivity Fabric℠.
Bhutan Telecom, the leading telecommunications provider in Bhutan, is deploying Ciena's (NYSE: CIEN) coherent routing solutions to meet increasing bandwidth demands and improve customer experience. The implementation includes Ciena's 5164, 8110, and 8114 routers, which will enhance connectivity and reduce latency, especially for edge cloud applications.
The deployment addresses the post-pandemic surge in digital content consumption and renewed interest from tourists. Ciena's routers were remotely deployed, tested, and turned up by Ciena Services, who also custom-designed the network. The 5164 Router is suitable for space-constrained locations, while the temperature-hardened 8114 Router is ideal for Bhutan's varying climate conditions.
Ciena (NYSE: CIEN) has announced it will release its fiscal third quarter 2024 financial results on Wednesday, September 4, 2024, before the financial markets open. The company will publish a press release on its website at www.ciena.com, along with additional supporting materials on the Investor Relations section's Quarterly Results page. Ciena's management will host a live audio web broadcast at 8:30 a.m. Eastern, accessible via the company's website. For those unable to attend the live broadcast, an archived version will be available in the Events & Presentations section of the Investor Relations page shortly after the call concludes.
Sodvin AS, a telecommunications and energy solutions provider, has adopted Ciena's XGS-PON technology to enhance broadband services in Norway's Trøndelag county. By leveraging its existing power infrastructure for fiber-optic network deployment, Sodvin can now deliver high-speed, symmetrical 10 Gb/s internet and multicast TV services to residential customers. This upgrade from GPON technology follows a thorough evaluation of multiple vendors, with Ciena's solution standing out for its increased bandwidth, flexibility, and open APIs. Key components of the upgrade include Ciena's 5164 Routers, XGS-PON uOLTs, and 3801 ONUs, enabling rapid, scalable, and sustainable network expansion. Ciena's technology is expected to improve user experience and support future network upgrades while reducing environmental impact.
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