Ciena Corporation (CIEN) has announced that On Net Fibra Colombia (ON NET FIBRA) is utilizing automation software from Blue Planet, a division of Ciena, to facilitate its transition to a cloud-native Operations Support System (OSS). The adoption of the Blue Planet Cloud Native Platform enables ON NET FIBRA to streamline service delivery with advanced inventory, orchestration and assurance applications built on this platform, enhancing customer connectivity and improving operational efficiency. On Net Fibra ...

The artificial intelligence (AI) boom has been underway throughout 2024 despite many legacy technologies still undergoing normalization after a fantastic post-pandemic reopening surge in 2021. The acceleration of AI deployment is helping to lift legacy technologies like cloud computing, virtualization, networking, and hard disk drives (HDDs) as enterprises work through the inventory glut. Here are two computer and technology sector stocks that are gaining from AI demand and seeing their cloud computing and ...

Ciena Corporation's (CIEN) optical technology has been deployed by Sify Technologies to link its seven Metro Area Networks throughout India. The upgrade begins with an express route connecting Mumbai and New Delhi, enhancing Sify's National Long-Distance network to support services of up to 600G. Sify is a leading provider of Information and Communication Technology (ICT) services and solutions in India. With a strong emphasis on Cloud within its offerings, Sify addresses the evolving ICT needs of the emerg ...

Ciena Corporation CIEN shares are trading lower on Monday. JP Morgan analyst Samik Chatterjee downgraded the company to Neutral from Overweight with a price target of $65. The analyst writes that the downgrade is due to current valuations overlooking key factors that limit EPS upside, including constrained telco spending, limited gross margin levers compared to peers, and lower exposure to cloud capital expenditures. Chatterjee says that the capex growth outlook for U.S. telcos is muted for 2025, with inter ...

Ciena Today CIEN Ciena $64.07 -2.62 (-3.93%) 52-Week Range $39.94 ▼ $66.78 P/E Ratio 61.61 Price Target $61.00 Add to Watchlist Ciena Co. NYSE: CIEN can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992. The company has managed to stay relevant, unlike so many internet boom companies, and remains on the cutting edge of the artif ...

Core Viewpoint - Ciena's recent earnings report shows a mixed performance with a significant year-over-year decline in earnings and revenues, but some positive trends in specific segments and customer acquisitions [2][3][4]. Financial Performance - Ciena reported adjusted EPS of 35 cents for Q3 fiscal 2024, exceeding the Zacks Consensus Estimate of 26 cents, but down 40.7% year-over-year [2]. - Total revenues decreased by 11.8% year-over-year to $942.3 million, although this figure surpassed the Zacks Consensus Estimate by 1.4% [2]. Revenue Breakdown - Networking Platforms, which account for 74.2% of total revenues, saw a decline of 17.4% year-over-year to $699.5 million [5]. - Platform Software and Services revenues increased by 5.5% year-over-year to $83.2 million [5]. - Blue Planet Automation Software and Services revenues surged by 97% to $25.8 million [5]. - Global Services revenues rose by 3.5% year-over-year to $133.8 million [6]. Customer Dynamics - Non-telco customer revenues represented 46% of total revenues, with two customers contributing 26.6% of the top line [7]. - Ciena added 12 new customers for WaveLogic 5 Extreme, bringing the total to over 300 [7]. - Management anticipates growth in the fourth quarter due to increased adoption of WaveLogic 6 Extreme, with orders secured from 23 customers [8]. Margins and Expenses - Non-GAAP adjusted gross margin improved to 43.7% from 42.7% a year ago, while adjusted operating margin decreased to 8% from 12% [9]. - Adjusted operating expenses rose by 2.5% to $336 million [9]. Cash Flow and Liquidity - Ciena reported net cash used in operating activities of $159.4 million for the quarter, compared to $9 million generated in the prior year [10]. - The company had $1.2 billion in cash and investments and $1,538.3 million in net long-term debt as of July 27 [10]. - Ciena repurchased approximately 600,000 shares worth $29 million and plans to buy back a total of $250 million in shares by the end of fiscal 2024 [10]. Guidance - For Q4 fiscal 2024, management expects revenues between $1,060 million and $1,140 million, with adjusted gross margin in the low to mid 40% range [11]. Market Sentiment - Recent estimates for Ciena have trended downward, with a consensus estimate shift of -18.63% [12]. - Ciena holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [14].

Ciena Corporation (CIEN) recently announced its board of directors' decision to buy back up to $1 billion worth of its common stock, commencing in fiscal 2025 and extending through the end of fiscal 2027. Investors cheered the development leading to a 7.4% jump in CIEN's stock price in the last trading session. The new authorization comes at a time when the company approaches the completion of its existing repurchase program, which has run successfully for the past three years. In the last reported quarter, ...

Shares of Ciena Corp (CIEN, Financial) surged 6.54% in mid-day trading on Oct 2. The stock reached an intraday high of $65.95, before settling at $65.47, up from its previous close of $61.45. This places CIEN 0.73% below its 52-week high of $65.95 and 63.92% above its 52-week low of $39.94. Trading volume was 1,503,628 shares, 82.0% of the average daily volume of 1,834,723. Wall Street Analysts Forecast Based on the one-year price targets offered by 14 analysts, the average target price for Ciena Corp (CIEN ...

Core Insights - Lightpath and Ciena have successfully deployed the first known 400 Gb/s protected optical circuit, achieving significant bandwidth increases while reducing power consumption by 80% [1][3]. Group 1: Technical Achievements - The new circuit provides a geographically diverse and protected connection over approximately 200 miles, utilizing an average of 8 points-of-presence (POPs) per side [2]. - The solution employs Lightpath's dense fiber plant and Ciena's 6500 packet optical platform, utilizing high-performance WaveLogic 5 Nano coherent pluggable optics [2][4]. - The design optimizes fiber routes with optical layer protection, halving customer circuit handoffs and meeting a switch time requirement of less than 50 milliseconds [3][4]. Group 2: Equipment and Performance - Ciena's WaveLogic 5 Nano solution supports both standard interoperable and extended reach modes, delivering the highest 400G pluggable performance in the industry with a 70GBaud symbol rate [5]. - The solution requires 50% less physical space compared to standard transponder deployments, enhancing efficiency [5]. Group 3: Executive Insights - Lightpath's CEO emphasized the innovative approach taken to meet customer network requirements, highlighting the collaboration with Ciena to push the boundaries of high availability bandwidth solutions [6]. - Ciena's CTO noted that the partnership allows Lightpath to scale its network to handle unpredictable bandwidth demands while achieving greater power efficiencies and reliability [6].

Ciena Corporation (CIEN) is advancing technology with the launch of a 1.6 terabits-per-second (Tb/s) Coherent-Lite pluggable, designed to assist cloud and data center providers in managing anticipated increases in traffic from cloud services, machine learning and artificial intelligence (AI). The WaveLogic 6 Nano (WL6n) 1.6 Tb/s prototype will be featured at Ciena's booth (A14) during ECOC 2024. Ciena enhances its offerings for high-performance data center fabrics and campus applications with the introducti ...