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Ciena Corporation - CIEN STOCK NEWS

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.

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Ciena Corporation (NYSE: CIEN) reported a strong fiscal fourth quarter with a 21% increase in revenue, reaching $1.13 billion, and a net income of $0.62 GAAP and $0.75 adjusted (non-GAAP) per diluted common share. The company's fiscal year 2023 revenue was $4.39 billion, a 21% growth from fiscal year 2022. Ciena's performance was driven by positive demand dynamics, particularly with cloud provider customers. The company aims to extend its market leadership in optical networking while expanding opportunities in routing and switching, expecting to continue growing revenue faster than the market and take share.
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Ciena (CIEN) expands domestic manufacturing through an agreement with Flex (FLEX), positioning to support the U.S. government's broadband projects and create new jobs. The company will produce pluggable optical line terminals and optical network units at a Flex factory in the U.S., supporting high-speed broadband rollouts and compliance with Build America, Buy America requirements.
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Cirion Technologies (NYSE: CIEN) deploys Ciena’s Waveserver 5 platform to expand connectivity and increase resiliency between data centers in Bogotá, Colombia. Scaling up to 800Gb/s, this upgrade greatly increases Cirion’s network capacity and helps meet the growing needs of its local and multinational customers, including enterprises, government agencies, and cloud service providers. Ciena’s optical technology also helps Cirion meet its sustainability goals by adding more bandwidth at a lower cost-per-bit, using the smallest footprint.
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Ciena Corporation (NYSE: CIEN) to announce fiscal Q4 and year-end financial results on December 7, 2023. Investors can access the press release and supporting materials on Ciena's website. Management will host a live audio web broadcast at 8:30 a.m. Eastern, accessible via www.ciena.com.
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Ciena (NYSE: CIEN) surpasses 100,000 modems shipped of its WaveLogic 5 Extreme (WL5e) programmable 800G technology, supporting metro, long-haul, and submarine networks. WL5e offers programmable capacity from 200G to 800G and energy-efficient 400GbE connectivity. WL5e has been shipped to more than 250 customers across 68 countries, transmitting over 50 Petabits/sec of data and avoiding 82,000 metric tonnes of C02 emissions annually.
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Ciena (NYSE: CIEN) is providing optical and network management solutions to Telenet, the largest cable broadband services provider in Belgium, to support network expansion and upgrade its optical network, enabling faster, simpler deployment and 400G connectivity across all links.
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Oman Australia Cable increases capacity to 48Tb/s with Ciena GeoMesh Extreme
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Ciena promotes Dino DiPerna and Brodie Gage to its Executive Leadership Team to support growth in optical technologies and next-generation applications.
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Avaroa Cable Limited, Ciena, BW Digital, and Vodafone Cook Islands collaborate to improve connectivity for Cook Islands' schools. Ciena will install Service Aggregation Switches and cover maintenance costs. The switch to submarine cable-based broadband connectivity will enhance the user experience and support digital learning. The initiative aligns with the Cook Islands Government's policy for ICT in education. The project aims to bridge the digital divide and empower students in isolated communities.
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Virgin Media Ireland partners with Blue Planet to transition to a full fibre network, improving broadband experiences for customers.
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FAQ

What is the current stock price of Ciena Corporation (CIEN)?

The current stock price of Ciena Corporation (CIEN) is $70.13 as of November 22, 2024.

What is the market cap of Ciena Corporation (CIEN)?

The market cap of Ciena Corporation (CIEN) is approximately 10.1B.

What does Ciena Corporation specialize in?

Ciena Corporation specializes in communications network equipment and solutions, including packet-optical transport, packet-optical switching, carrier Ethernet, and network support services.

Who are some of Ciena's major clients?

Ciena's major clients include AT&T, BT, Comcast, France Telecom, Verizon, and several national research and education networks, among others.

What are the key business segments of Ciena?

Ciena's key business segments are Networking Platforms, Platform Software and Services, Blue Planet Automation Software, and Global Services.

Which markets does Ciena operate in?

Ciena operates in major markets including the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, Japan, and India.

What recent achievement has Ciena announced?

Ciena recently completed the integration of its 400G coherent pluggable transceivers with the DriveNets Network Cloud platform, enhancing service provider network optimization.

What industries does Ciena serve?

Ciena serves industries such as healthcare, finance, transportation, retail, and various national research and education networks.

What is the focus of Ciena's current projects?

Ciena's current projects focus on simplifying network architecture, enhancing network configuration and management, and integrating with advanced network control systems for better infrastructure optimization.

How does Ciena help its customers?

Ciena helps its customers transition to service-driven networks, improving competitive positioning by providing advanced network hardware, software, and support services.

What percentage of Ciena's revenue comes from the Americas?

The majority of Ciena's revenue is generated from the Americas, though the exact percentage is not specified.

What future plans does Ciena have for its solutions?

Ciena plans to integrate its solutions with the Ciena Navigator Network Control Suite (NCS) for enhanced visibility and optimization of optical infrastructure.

Ciena Corporation

NYSE:CIEN

CIEN Rankings

CIEN Stock Data

10.06B
143.11M
0.93%
102.18%
4.18%
Communication Equipment
Telephone & Telegraph Apparatus
Link
United States of America
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