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 ...

Key PointsCiena is a leading networking solutions provider serving telecom service providers and growing its engagements with cloud providers as they generate over 54% of revenues now.Ciena reported a strong fiscal Q1 2024 EPS beat by 18 cents but provided soft fiscal Q2 and full-year 2024 guidance.Ciena's service provider customers are struggling to work through existing inventories as normalization continues, but its over 50% market share in data center interconnect continues to drive growth.5 stocks we l ...

Ciena (CIEN) recently announced that its GeoMesh Extreme submarine network solution is being utilized by SEA-ME-WE 4 (South East Asia – Middle East – Western Europe 4) to accommodate the increasing demand for seamless connectivity across the circuit.SEA-ME-WE 4 is an international submarine communications cable system that spreads across vast geographic area, connecting countries including Singapore, Malaysia, Thailand, Bangladesh, India, Pakistan, Saudi Arabia, Egypt, Italy, France and the United Kingdom. ...

HANOVER, Md.--(BUSINESS WIRE)--To support growing demand for more bandwidth across the Asia-to-Europe route, SEA-ME-WE 4 (South East Asia – Middle East – Western Europe 4) recently completed an upgrade to its submarine cable system. Powered by Ciena's (NYSE: CIEN) GeoMesh Extreme submarine network solution, the upgrade enables a capacity increase from 65Tb/s to 122Tb/s on the SEA-ME-WE 4 cable system. “Ciena’s cutting-edge technology is helping us in optimizing the resources of the SEA-ME-WE 4 cable, there ...