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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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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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Leading provider upgrades data center interconnect network with Ciena's Waveserver 5, doubling network capacity to 400G per channel and reducing energy consumption.
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Mary G. Puma appointed to Ciena's Board of Directors
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Ciena Corporation reports a 23% YoY increase in revenue for Q3 2023, reaching $1.07 billion. Net income per share was $0.20 GAAP and $0.59 adjusted (non-GAAP). The company repurchased 1.4 million shares of common stock for $61.2 million. Ciena expects growth and market share gains due to increased customer activity and an expanding addressable market.
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Ciena Corporation to participate in Citi's 2023 Global Technology Conference
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Ciena commits to reducing greenhouse gas emissions and sets science-based targets to reduce environmental impact. The targets align with the Paris Climate Agreement and include reducing Scope 1 and 2 emissions by 80.6% by 2030 and Scope 3 emissions per unit of capacity shipped by 71.3% by 2030. Ciena is also on track to be carbon neutral by 2024 and aims to use 100% renewable energy and packaging with 70% recycled content by 2023 and 2025 respectively.
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Ciena Corporation (NYSE: CIEN) to announce fiscal third quarter financial results on August 31, 2023. Live audio web broadcast and supporting materials to be available on www.ciena.com. Archived version of the conference call also accessible.
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Ciena Corporation (NYSE: CIEN) will be participating in the Bank of America Securities 2023 Global Technology Conference on June 8, 2023. The event will be webcast live and recorded, with archived versions available on Ciena's website. Gary B. Smith, President and CEO, will be the speaker.
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FAQ

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

The current stock price of Ciena Corporation (CIEN) is $87.62 as of December 23, 2024.

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

The market cap of Ciena Corporation (CIEN) is approximately 12.4B.

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

12.38B
141.34M
0.92%
101.67%
4.32%
Communication Equipment
Telephone & Telegraph Apparatus
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United States of America
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