Ciena (CIEN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this developer of high-speed networking technology would post earnings of $0.47 per share when it actually produced earnings of $0.66, delivering a surprise of 40.43%. Over the last f ...

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[Executive Summary](index=1&type=section&id=Executive%20Summary) Ciena's Q2 FY2024 saw decreased revenue and a GAAP net loss, with the CEO acknowledging market challenges while emphasizing optical technology leadership [Q2 FY2024 Financial Highlights](index=1&type=section&id=Q2%20FY2024%20Financial%20Highlights) Ciena reported a decrease in revenue for Q2 FY2024 compared to the prior year, experiencing a GAAP net loss and a significant decline in adjusted non-GAAP net income, alongside share repurchases Q2 FY2024 Financial Highlights: | Metric | Q2 FY24 | Q2 FY23 | Change (YoY) | | :-------------------------------- | :------ | :------ | :----------- | | Revenue | $910.8 million | $1.13 billion | (19.6)% | | GAAP Net Income (Loss) | $(16.8) million | $57.7 million | (129.1)% | | GAAP Diluted EPS | $(0.12) | $0.38 | (131.6)% | | Adjusted (Non-GAAP) Net Income | $39.4 million | $110.4 million | (64.3)% | | Adjusted (Non-GAAP) Diluted EPS | $0.27 | $0.74 | (63.5)% | | Share Repurchases | $57.0 million | N/A | N/A | - Repurchased approximately **1.1 million shares** of common stock for an aggregate price of **$57.0 million** during the quarter[25](index=25&type=chunk) [CEO Statement](index=1&type=section&id=CEO%20Statement) Ciena's CEO acknowledged a challenging near-term environment due to service provider inventory, while highlighting business strength and focus on optical technology leadership - Fiscal second quarter performance underscores business strength amid a challenging near-term environment as service providers work through existing inventory[36](index=36&type=chunk) - Focus remains on extending leadership in optical as a foundation for expanding the addressable market, driven by robust growth in bandwidth demand[36](index=36&type=chunk) [Company Overview](index=4&type=section&id=Company%20Overview) Ciena is a global leader in networking systems, services, and software, focused on building adaptive networks through innovation and collaborative relationships [About Ciena](index=4&type=section&id=About%20Ciena) Ciena is a global leader in networking systems, services, and software, dedicated to building adaptive networks that meet increasing digital demands, emphasizing innovation and collaboration - Ciena (NYSE: CIEN) is a global leader in networking systems, services, and software[19](index=19&type=chunk) - The company builds adaptive networks, enabling customers to anticipate and meet ever-increasing digital demands, prioritizing innovation and collaborative relationships[19](index=19&type=chunk) [Financial Performance (GAAP)](index=5&type=section&id=Financial%20Performance%20(GAAP)) This section presents Ciena's GAAP financial statements, including condensed consolidated statements of operations, balance sheets, and cash flows, reflecting its financial position and performance [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Ciena's GAAP income statement for Q2 FY2024 shows a significant decline in total revenue and a shift from operating income to an operating loss, resulting in a net loss for the quarter Revenue (in thousands) | Metric | Q2 FY24 | Q2 FY23 | YTD FY24 | YTD FY23 | | :----- | :------ | :------ | :------- | :------- | | Products | $701,316 | $935,330 | $1,537,093 | $1,813,045 | | Services | $209,510 | $197,325 | $411,442 | $376,131 | | **Total Revenue** | **$910,826** | **$1,132,655** | **$1,948,535** | **$2,189,176** | Gross Profit (in thousands) | Metric | Q2 FY24 | Q2 FY23 | YTD FY24 | YTD FY23 | | :----- | :------ | :------ | :------- | :------- | | **Gross Profit** | **$388,661** | **$487,683** | **$855,623** | **$943,629** | Income (Loss) from Operations and Net Income (Loss) (in thousands) | Metric | Q2 FY24 | Q2 FY23 | YTD FY24 | YTD FY23 | | :----- | :------ | :------ | :------- | :------- | | **Income (Loss) from Operations** | **$(3,965)** | **$102,813** | **$80,664** | **$188,029** | | **Net Income (Loss)** | **$(16,849)** | **$57,654** | **$32,698** | **$133,895** | | Basic EPS | $(0.12) | $0.39 | $0.23 | $0.90 | | Diluted EPS | $(0.12) | $0.38 | $0.22 | $0.89 | [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of April 27, 2024, Ciena's total assets remained stable compared to October 28, 2023, with a slight increase in cash and short-term investments, while total liabilities saw a minor reduction Assets (in thousands) | Metric | April 27, 2024 | October 28, 2023 | | :------------------------------------ | :------------- | :--------------- | | Cash and cash equivalents | $1,091,289 | $1,010,618 | | Short-term investments | $165,620 | $104,753 | | Accounts receivable, net | $840,131 | $1,003,876 | | Inventories, net | $1,022,615 | $1,050,838 | | **Total current assets** | **$3,541,347** | **$3,575,779** | | **Total assets** | **$5,614,803** | **$5,601,495** | Liabilities and Stockholders' Equity (in thousands) | Metric | April 27, 2024 | October 28, 2023 | | :------------------------------------ | :------------- | :--------------- | | Accounts payable | $332,106 | $317,828 | | Accrued liabilities and other short-term obligations | $355,258 | $431,419 | | Deferred revenue (current) | $196,989 | $154,419 | | **Total current liabilities** | **$912,191** | **$932,021** | | Long-term debt, net | $1,540,639 | $1,543,406 | | **Total liabilities** | **$2,734,547** | **$2,753,134** | | **Total stockholders' equity** | **$2,880,256** | **$2,848,361** | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended April 27, 2024, Ciena generated significant net cash from operating activities, a substantial improvement from the prior year, while investing and financing activities resulted in net cash outflows Cash Flow Summary (in thousands, Six Months Ended) | Metric | April 27, 2024 | April 29, 2023 | | :-------------------------------------------------- | :------------- | :------------- | | Net cash provided by (used in) operating activities | $324,549 | $(35,828) | | Net cash used in investing activities | $(138,702) | $(277,270) | | Net cash provided by (used in) financing activities | $(107,837) | $479,575 | | Net increase in cash, cash equivalents and restricted cash | $80,669 | $173,344 | | Cash, cash equivalents and restricted cash at end of period | $1,091,455 | $1,167,722 | [Financial Performance (Non-GAAP)](index=2&type=section&id=Financial%20Performance%20(Non-GAAP)) This section provides an overview of Ciena's non-GAAP financial performance, including key metrics and detailed reconciliations from GAAP to non-GAAP measures [Non-GAAP Financial Highlights](index=2&type=section&id=Non-GAAP%20Financial%20Highlights) Ciena's non-GAAP financial results for Q2 FY2024 show a year-over-year decline across all key metrics, including revenue, adjusted gross margin, adjusted operating expense, adjusted operating margin, and adjusted EBITDA Non-GAAP Key Metrics (in millions, except percentages) | Metric | Q2 FY24 | Q2 FY23 | Period Change Y-T-Y* | | :-------------------- | :------ | :------ | :------------------- | | Revenue | $910.8 | $1,132.7 | (19.6)% | | Adj. gross margin | 43.5 % | 43.7 % | (0.2)% | | Adj. operating expense | $333.9 | $338.1 | (1.2)% | | Adj. operating margin | 6.8 % | 13.8 % | (7.0)% | | Adj. EBITDA | $85.8 | $180.6 | (52.5)% | [Reconciliation of Adjusted (Non-GAAP) Measurements](index=9&type=section&id=Reconciliation%20of%20Adjusted%20(Non-GAAP)%20Measurements) This section provides detailed reconciliations from GAAP to non-GAAP measures for gross profit, operating expense, income from operations, net income, and EBITDA, highlighting key adjustments - Non-GAAP measures exclude certain charges and credits that are unusual, non-cash, unrelated to ongoing operations, or largely outside Ciena's control, such as share-based compensation, significant asset impairments and restructuring costs, amortization of intangible assets, and acquisition and integration costs[30](index=30&type=chunk)[45](index=45&type=chunk) [Gross Profit Reconciliation](index=9&type=section&id=Gross%20Profit%20Reconciliation) This reconciliation details the adjustments made to GAAP gross profit to arrive at the adjusted (non-GAAP) gross profit and percentage Gross Profit Reconciliation (in thousands) | Metric | April 27, 2024 | April 29, 2023 | | :-------------------------------------- | :------------- | :------------- | | GAAP gross profit | $388,661 | $487,683 | | Total adjustments related to gross profit | $7,867 | $7,245 | | **Adjusted (non-GAAP) gross profit** | **$396,528** | **$494,928** | | Adjusted (non-GAAP) gross profit percentage | 43.5 % | 43.7 % | [Operating Expense Reconciliation](index=9&type=section&id=Operating%20Expense%20Reconciliation) This reconciliation outlines the adjustments applied to GAAP operating expense to derive the adjusted (non-GAAP) operating expense Operating Expense Reconciliation (in thousands) | Metric | April 27, 2024 | April 29, 2023 | | :----------------------------------------- | :------------- | :------------- | | GAAP operating expense | $392,626 | $384,870 | | Total adjustments related to operating expense | $58,709 | $46,809 | | **Adjusted (non-GAAP) operating expense** | **$333,917** | **$338,061** | [Income (Loss) from Operations Reconciliation](index=9&type=section&id=Income%20(Loss)%20from%20Operations%20Reconciliation) This reconciliation shows the adjustments from GAAP income (loss) from operations to adjusted (non-GAAP) income from operations and operating margin percentage Income (Loss) from Operations Reconciliation (in thousands) | Metric | April 27, 2024 | April 29, 2023 | | :------------------------------------------------ | :------------- | :------------- | | GAAP income (loss) from operations | $(3,965) | $102,813 | | Total adjustments related to income (loss) from operations | $66,576 | $54,054 | | **Adjusted (non-GAAP) income from operations** | **$62,611** | **$156,867** | | Adjusted (non-GAAP) operating margin percentage | 6.8 % | 13.8 % | [Net Income (Loss) Reconciliation](index=10&type=section&id=Net%20Income%20(Loss)%20Reconciliation) This reconciliation details the adjustments from GAAP net income (loss) to adjusted (non-GAAP) net income and diluted EPS, including the non-GAAP tax provision Net Income (Loss) Reconciliation (in thousands, except per share data) | Metric | April 27, 2024 | April 29, 2023 | | :-------------------------------------------------- | :------------- | :------------- | | GAAP net income (loss) | $(16,849) | $57,654 | | Total adjustments related to income from operations | $66,576 | $54,054 | | Non-GAAP tax provision on adjusted income before income taxes | $11,120 | $31,136 | | **Adjusted (non-GAAP) net income** | **$39,427** | **$110,393** | | GAAP diluted net income (loss) per potential common share | $(0.12) | $0.38 | | **Adjusted (non-GAAP) diluted net income per potential common share** | **$0.27** | **$0.74** | [EBITDA and Adjusted EBITDA Calculation](index=11&type=section&id=EBITDA%20and%20Adjusted%20EBITDA%20Calculation) This section presents the calculation of EBITDA and Adjusted EBITDA, starting from GAAP net income (loss) and incorporating various adjustments EBITDA and Adjusted EBITDA Calculation (in thousands) | Metric | April 27, 2024 | April 29, 2023 | | :------------------------------------------------------------------------------------------------------------------- | :------------- | :------------- | | Net income (loss) (GAAP) | $(16,849) | $57,654 | | EBITDA | $29,953 | $139,783 | | **Adjusted EBITDA** | **$85,819** | **$180,561** | [Revenue Breakdown](index=2&type=section&id=Revenue%20Breakdown) This section provides a detailed breakdown of Ciena's revenue by geographic region and by product segment for the reported periods [Revenue by Geographic Region](index=2&type=section&id=Revenue%20by%20Geographic%20Region) In Q2 FY2024, the Americas remained Ciena's largest revenue contributor, increasing its percentage of total revenue despite an absolute decline, while other regions also saw decreases Revenue by Geographic Region (in millions) | Region | Q2 FY24 Revenue | % of Total | Q2 FY23 Revenue | % of Total | | :----------------------------- | :-------------- | :--------- | :-------------- | :--------- | | Americas | $662.9 | 72.8 | $794.4 | 70.1 | | Europe, Middle East and Africa | $155.8 | 17.1 | $173.4 | 15.3 | | Asia Pacific | $92.1 | 10.1 | $164.9 | 14.6 | | **Total** | **$910.8** | **100.0** | **$1,132.7** | **100.0** | [Revenue by Segment](index=2&type=section&id=Revenue%20by%20Segment) Networking Platforms, particularly Optical Networking, remained the largest segment but experienced a significant revenue decline in Q2 FY2024, while Platform Software and Services showed growth Revenue by Segment (in millions) | Segment | Q2 FY24 Revenue | % of Total | Q2 FY23 Revenue | % of Total | | :------------------------------------------ | :-------------- | :--------- | :-------------- | :--------- | | **Networking Platforms** | | | | | | Optical Networking | $560.2 | 61.5 | $784.5 | 69.3 | | Routing and Switching | $116.1 | 12.7 | $130.4 | 11.5 | | **Total Networking Platforms** | **$676.3** | **74.2** | **$914.9** | **80.8** | | Platform Software and Services | $85.4 | 9.4 | $69.4 | 6.1 | | Blue Planet Automation Software and Services | $14.4 | 1.6 | $20.6 | 1.8 | | **Global Services** | | | | | | Maintenance Support and Training | $77.4 | 8.5 | $73.2 | 6.5 | | Installation and Deployment | $43.8 | 4.8 | $39.5 | 3.5 | | Consulting and Network Design | $13.5 | 1.5 | $15.1 | 1.3 | | **Total Global Services** | **$134.7** | **14.8** | **$127.8** | **11.3** | | **Total** | **$910.8** | **100.0** | **$1,132.7** | **100.0** | [Key Performance Indicators & Operational Metrics](index=2&type=section&id=Key%20Performance%20Indicators%20%26%20Operational%20Metrics) This section outlines Ciena's key operational metrics, including customer concentration, cash and investment levels, cash flow from operations, inventory breakdown, and headcount [Operational Metrics](index=3&type=section&id=Operational%20Metrics) Ciena's Q2 FY2024 operational metrics indicate significant customer concentration, healthy cash and investment levels, positive cash flow from operations, and substantial inventory levels - One **10%-plus customer** represented a total **13.8% of revenue**[16](index=16&type=chunk) - **Cash and investments** totaled **$1.42 billion**[16](index=16&type=chunk) - **Cash flow from operations** totaled **$58.5 million**[16](index=16&type=chunk) - Average days' sales outstanding (DSOs) were **98**[16](index=16&type=chunk) Inventory Breakdown (in millions) | Metric | Amount | | :-------------------------- | :----- | | Inventories totaled | $1,020 | | Raw materials | $638.9 | | Work in process | $68.2 | | Finished goods | $331.3 | | Deferred cost of sales | $43.7 | | Reserve for excess and obsolescence | $(59.5) | - Product inventory turns were **1.6**[29](index=29&type=chunk) - Headcount totaled **8,627**[29](index=29&type=chunk) [Investor Information & Forward-Looking Statements](index=3&type=section&id=Investor%20Information%20%26%20Forward-Looking%20Statements) This section provides details for investors regarding supplemental materials, web broadcasts, and important disclosures about forward-looking statements and non-GAAP financial measures [Supplemental Materials and Web Broadcast](index=3&type=section&id=Supplemental%20Materials%20and%20Web%20Broadcast) Ciena provided details for investors and financial analysts regarding a live audio web broadcast of its Q2 FY2024 results discussion and the availability of related supporting materials - A live audio web broadcast of the discussion with investors and financial analysts, including the Company's outlook, was accessible via www.ciena.com at 8:30 a.m. Eastern on June 6, 2024[7](index=7&type=chunk) - An archived replay of the broadcast and related supporting materials for the unaudited fiscal second quarter 2024 results are available on the Investor Relations page of Ciena's website[7](index=7&type=chunk)[39](index=39&type=chunk) [Forward-Looking Statements and Risk Factors](index=4&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) The press release contains forward-looking statements based on current expectations, which involve risks and uncertainties such as economic conditions, supply chain disruptions, and competitive pressures - The press release contains forward-looking statements based on current expectations, forecasts, assumptions, and information available to the Company[40](index=40&type=chunk) - Actual results may differ materially due to risks and uncertainties including: broader economic and market conditions, ability to execute business strategies, impact of macroeconomic conditions and global supply chain constraints, new technologies, seasonality, competitive pressure, product/customer/geographic mix, foreign currency exchange rates, factors beyond control (natural disasters, war, geopolitical tensions, public health emergencies), changes in tax/trade regulations, and cyberattacks[8](index=8&type=chunk)[29](index=29&type=chunk) [Notes to Investors (Non-GAAP Presentation)](index=3&type=section&id=Notes%20to%20Investors%20(Non-GAAP%20Presentation)) Ciena utilizes non-GAAP financial measures to provide additional insight into its operating performance by excluding certain unusual, non-cash, or non-recurring charges and credits, supplementing GAAP results - Non-GAAP measures are used to evaluate operating performance by excluding certain charges and credits that are unusual, non-cash, unrelated to ongoing operations, or largely outside Ciena's control[30](index=30&type=chunk) - These non-GAAP measures are considered in addition to GAAP results and are not intended to be a substitute for financial information prepared in accordance with GAAP[30](index=30&type=chunk) - Adjustments for non-GAAP measures include share-based compensation, significant asset impairments and restructuring costs, amortization of intangible assets, acquisition and integration costs, and a non-GAAP tax provision[45](index=45&type=chunk)

Ciena Corporation's (CIEN) cutting-edge optical technology has been deployed by India-based Space World Group's subsidiary, Constl. Constl is utilizing Ciena's optical technology to offer high-speed Metro Area Network and National Long Distance connectivity services across its "state-of-the-art pan-India network," enhancing the connectivity solutions in the region. Space World Group, the holding company of Constl, is a renowned conglomerate that invests in technologydriven companies focused on elevating cus ...

Core Viewpoint - Ciena (CIEN) is expected to report a significant decline in quarterly earnings and revenues, with analysts predicting earnings of $0.15 per share, a 79.7% decrease year-over-year, and revenues of $896.62 million, reflecting a 20.8% decline [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised downward by 2.6%, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenue- Total Networking Platforms' to be $690.09 million, a year-over-year decrease of 24.6% [5]. - The consensus for 'Revenue- Total Global Services' is $114.62 million, indicating a 10.3% decline year-over-year [5]. - 'Revenue- Blue Planet Automation Software and Services' is projected at $16.93 million, reflecting a 17.8% decrease from the previous year [5]. - 'Revenue- Networking Platforms- Optical Networking' is estimated at $592.35 million, a 24.5% decline year-over-year [6]. - The estimate for 'Revenue- Software and Services- Total (Platform+Blue Planet Automation)' stands at $98.75 million, showing a 9.7% increase from the year-ago quarter [6]. - 'Revenue- Platform Software and Services' is expected to reach $77.98 million, indicating a 12.4% increase year-over-year [7]. - 'Revenue- Services' is projected at $172.60 million, reflecting a 12.5% decline year-over-year [7]. - The combined estimate for 'Revenue- Products' is $723.36 million, suggesting a 22.7% decrease year-over-year [7]. - 'Revenue- Global Services- Installation and Deployment' is expected to be $36.97 million, a 6.4% decline from the previous year [8]. - 'Revenue- Global Services- Maintenance Support and Training' is projected at $68.67 million, indicating a 6.2% decrease year-over-year [8]. - 'Revenue- Global Services- Consulting and Network Design' is estimated at $12.12 million, reflecting a 19.8% decline year-over-year [9]. Gross Profit - The estimated 'Gross profit- Products' is projected to be $298.91 million, down from $393.45 million in the previous year [9]. Stock Performance - Over the past month, Ciena shares have returned +0.8%, compared to a +5.1% change in the Zacks S&P 500 composite [9]. - Ciena holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the upcoming period [10].

Core Viewpoint - Ciena Corporation (CIEN) is expected to report a significant decline in earnings and revenues for the second quarter of fiscal 2024, with earnings estimated at 15 cents per share, a 79.7% decrease year-over-year, and revenues projected between $850 million and $930 million, reflecting a 20.8% decline from the previous year [1][4]. Financial Performance - The Zacks Consensus Estimate for revenues is pegged at $896.6 million, indicating a decline of 20.8% from the prior year level [1]. - CIEN has a trailing four-quarter earnings surprise of 21.3% on average, and its shares have gained 1.4% over the past year, outperforming the sub-industry's growth of 1.1% [2]. Factors Affecting Performance - The company's performance is likely impacted by slower-than-expected normalization of order volumes from service providers, particularly in Europe due to macroeconomic concerns [4]. - Supply chain issues, including key component shortages and extended lead times, along with inflation and increased product development expenses, may have further constrained margin expansion [5]. Market Demand and Opportunities - Despite challenges, CIEN's performance is supported by strong demand for bandwidth driven by AI applications and the adoption of cloud architectures [6]. - The company is investing in next-gen metro and edge solutions, with increasing demand for its offerings in 5G, cloud, AI, and automation [7]. - Strong momentum for products like WaveLogic 5 Extreme and 6500 RLS, driven by cloud provider network expansions, is expected to provide some support [8]. Revenue Projections - For the fiscal second quarter, revenues from Total Networking Platforms, which include Optical Networking and Routing and Switching portfolios, are expected to decline by 24% to $695.3 million [9]. Earnings Prediction - The current model does not predict an earnings beat for CIEN, as it has an Earnings ESP of 0.00% and a Zacks Rank of 4 (Sell) [10].

The market expects Ciena (CIEN) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June ...

Core Viewpoint - Ciena (CIEN) has announced that Conterra Networks will implement its WaveLogic 5 Extreme (WL5e) technology to provide 400Gb/s wavelength services to clients in Texas, North Carolina, and Louisiana [1] Group 1: Ciena and Its Technology - Ciena is a global provider of networking systems, services, and software, with its WL5e technology offering a minimum of 50% more capacity per wavelength and a 30% increase in fiber capacity compared to previous technologies [4] - The WL5e technology is designed to lower footprint and energy usage by more than 50% compared to prior-generation technologies [4] - Ciena's Navigator Network Control Suite provides end-to-end visibility and assurance from a single control point, ensuring seamless operations and optimal performance for clients like Conterra Networks [3] Group 2: Conterra Networks - Conterra Networks is a leader in designing, building, and operating advanced telecom networks across various industries, including education, healthcare, and enterprise services in the United States [2] - The company is recognized for its commitment to innovation and excellence in fiberoptic network-based infrastructure and services [2] Group 3: Market Conditions and Financial Outlook - Ciena is facing volatile macro conditions that are impacting its performance, with management anticipating revenues in the range of $4 billion to $4.3 billion for fiscal 2024, down from $4.38 billion in fiscal 2023 [6] - Order volumes are decreasing in several overseas markets, and intense competition along with customer concentration are additional challenges, with two customers representing about 26.5% of total revenues in the first quarter [6] Group 4: Strategic Initiatives - Ciena continues to drive growth through acquisitions and an innovative product mix, including a partnership with Toshiba to validate quantum keys for data encryption using Ciena's Waveserver 5 solution [5] - The GeoMesh Extreme submarine network solution was selected by SEA-ME-WE 4 to support the increasing demand for seamless connectivity [5]

CHARLOTTE, N.C., May 15, 2024 /PRNewswire/ -- Conterra Networks, a national leader in providing fiber- optic network-based infrastructure and services, is leveraging Ciena's industry-leading WaveLogic 5 Extreme (WL5e) to deliver 400Gb/s wavelength services to carrier clients in Texas, North Carolina, and Louisiana. For nearly three decades, Conterra's professionals have been designing, building, and operating new technology-based telecom networks in the education, healthcare, enterprise, and carrier industr ...

Visiongain has published a new report entitled Quantum Cryptography Market Report 2024-2034: Forecasts by Component (Software, Hardware), by Software (Encryption Algorithms, Key Management Solutions, Other), by Hardware (Quantum Key Distribution (QKD) Devices, Quantum Random Number Generators (QRNG), Quantum Cryptography Communication Systems, Other), by Application (Network Security, Data Centre Security, Secure Communication, Critical Infrastructure Protection, Other), by Industry Vertical (Government and ...