Ciena Corporation's (CIEN) coherent routing solutions are deployed by Bhutan Telecom to handle growing traffic demands and enhance the customer experience, particularly as users transition to emerging technologies such as edge cloud applications. Bhutan Telecom provides telecommunications and Internet services in the Kingdom of Bhutan. It offers fixedline telephony, GSM mobile services under the B-Mobile brand, and Internet services through DrukNet. The company leads in mobile and Internet services and is t ...

However, the persistence of macroeconomic volatility is causing lower-than-expected order volumes from service providers, thereby affecting the company's performance. High customer concentration risk is another concern. A bulk of its revenues is concentrated among a few large global communications service providers. Given the competitive nature of the industry, the loss of any one of its key customers could severely impact the company's performance. Ciena Corporation (CIEN) recently tied up with Sodvin AS, ...

| --- | --- | |----------------------|-------| | | | | | | | | | | CIEN | | | Ciena | | | $48.45 | | | +1.49 (+3.17%) | | | 52-Week Range $39.94 | | | ▼ | | | $63.24 | | | P/E Ratio 46.59 | | | Price Target $57.25 | | | | | Network infrastructure solutions provider Ciena Co. NYSE: CIEN plays a critical role in the artificial intelligence (AI) revolution. AI platforms require computing power, data storage speed and capacity, and optimal networking with low latency and high bandwidth to transmit oceans of dat ...

On 06/06/2024, CIEN released its 2Q24 earnings, which saw revenue of $911 million vs. consensus of $895 million. The higher-than-expected revenue was driven by better performance in telecom and government. Gross margins saw 43.5%, which was modestly better than consensus at 42.7%. However, because of the fixed cost nature of the business, opex as a percentage of revenue grew to 36.7% vs. 29.8% in 2Q23 and 32.5% in 1Q24; hence, operating margin declined to 6.9%. Inventories are coming down to more healthy le ...

Morgan Stanley analyst Meta Marshall upgraded Ciena Corp CIEN from Equal-Weight to Overweight and raised the price target from $53 to $55. Cloud should be an outsized growth driver for CIEN across fiscal 2025, driven by continued share gains and the WaveLogic 6 ramp. This will inform his view of the potential upside to estimates next year. However, this opportunity remains over the coming years rather than in the near term. However, post-cut to full-year estimates, Marshall noted that the fiscal 2024 model ...

Seren Juno, a collaboration among NTT Ltd., Japan Corporation, Mitsui & Co., Ltd., PC Landing Corp and JA Mitsui Leasing, Ltd, was set up in July 2022. It functions as a specialized entity established solely for the design, construction, sales and operations of the JUNO trans-Pacific submarine cable system. Based in Hanover, MD, CIEN is a global provider of optical networking equipment, software and services. The company is suffering from global macroeconomic headwinds coupled with lower order quantity from ...

International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets. Exploring CIEN's International Revenue Patterns International Revenue Predictions Have you assessed how the international operations of Ciena (CIEN) ...

6M ago Seeking Alpha Growth from AI % Ciena engaged in higher service provider and request for proposal (RFP) activities in the last few quarters. This would expand the company's pipeline without immediately showing up as revenue on the balance sheet. B- B C+ The quant scoring is likely penalizing Ciena's valuation by weighing too heavily on the price-to-earnings for both GAAP and non-GAAP: D+ Ciena's business grew from the strength in the cloud space. Revenue fell in Q2 because of the normal ebbs and flows ...

Ciena Corporation (CIEN) reported second-quarter fiscal 2024 (ended Apr 27) results, wherein its adjusted earnings per share (EPS) of 27 cents beat the Zacks Consensus Estimate of 15 cents. Earnings deteriorated 63.5% year over year. The year-over-year performance downtick was driven by a slower-than-expected recovery of order volumes from service providers who are still working through large inventory absorption. Additionally, macroeconomic concerns, especially internationally, remain persistent. The adjus ...

Item 6. Exhibits ________________________________ 3.1 Fifth Restated Certificate of Incorporation of Ciena Corporation, filed with the Secretary of State of Delaware on June 4, 2024 10.1 Amendment No. 2 to Ciena Corporation 2017 Omnibus Incentive Plan (Incorporated by reference to Exhibit 10.1 from the Company's Current Report on 8-K (Commission File No. 001-36250) filed with the Securities and Exchange Commission on March 26, 2024* 31.1 Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) un ...