Ciena Corp Stock Price, News & Analysis

Ciena (NYSE: CIEN) announced the deployment of a high-speed network by Media Commerce in Colombia, utilizing WaveLogic 5 Extreme technology. This network supports up to 800Gb/s capacity and enhances connectivity across more than 300 towns in the country. The new infrastructure offers ultra-low latency and flexible bandwidth options, catering to the increasing demand for services like streaming and cloud applications. With improved scalability and performance, this initiative positions Media Commerce as a leader in Colombia's telecommunications sector.

Ciena Corporation (NYSE: CIEN) reported its fiscal Q2 2022 results, showing revenue of $949.2 million, a 14% increase from $833.9 million in Q2 2021. GAAP net income was $38.9 million or $0.25 per share, down from $103.1 million or $0.66 per share year-over-year. Adjusted net income was $76.4 million or $0.50 per share, compared to $97.6 million or $0.62 per share in the prior year. The company repurchased approximately 1.5 million shares for $87 million amidst ongoing supply chain challenges.

Ciena Corporation (NYSE: CIEN) will participate in the Bank of America Securities 2022 Global Technology Conference on June 7, 2022, at 11:45 a.m. Eastern Time. Senior Vice President Scott McFeely will be the speaker. The event will be webcast live, with archived versions available on the Events & Presentations page of Ciena’s website approximately 24 hours after the live event.

Ciena provides solutions that enable the Adaptive Network™, addressing the evolving networking needs of customers.

Ciena (NYSE: CIEN) has been selected by GTS Telecom to enhance its network capacity across Romania, upgrading from 10G to 100G, with the potential for future expansions up to 800G. This deployment utilizes Ciena's 6500 Packet-Optical Platforms and WaveLogic encryption technology to provide high-performance, secure connectivity. GTS Telecom aims to meet the increasing demand for bandwidth and improve service quality, ensuring scalability and flexibility for future customer needs.

Ciena Corporation (NYSE: CIEN) is set to announce its fiscal second quarter financial results on June 2, 2022, before market opening. The press release will be available on Ciena’s website, along with supporting materials on the Quarterly Results page. Following the announcement, management will host a live audio web broadcast at 8:30 a.m. Eastern. An archived version will also be accessible for those who cannot attend live.

team.blue has chosen Ciena’s Waveserver Ai platform to enhance its WAN-ring, enabling efficient data center interconnect services. The platform, capable of delivering up to 2.4 Tb/s in a single rack unit, supports scalability and reduces operational costs with its compact design. Ciena’s solution empowers team.blue to optimize its dark fiber infrastructure and improve network efficiency while minimizing energy consumption. This partnership highlights the growing demand for agile and resilient connectivity solutions in the cloud and content sectors.

Ciena is enhancing the EASSy submarine cable system in East Africa by deploying its GeoMesh Extreme technology, doubling capacity from 18Tb/s to 36Tb/s. This upgrade addresses the increasing demand for bandwidth in the region and improves connectivity to Europe, the Americas, the Middle East, and Southeast Asia. Utilizing Ciena’s WaveLogic 5 Extreme technology, EASSy will achieve operational efficiency and lower costs per bit. The deployment is crucial for closing the Digital Divide in East Africa and improving international connectivity.

Ciena Corporation (NYSE: CIEN) reported fiscal Q1 2022 revenues of $844.4 million, up 11.5% year-over-year. GAAP net income was $45.8 million ($0.29 per share), down from $55.3 million ($0.35 per share) in Q1 2021. Adjusted net income was $72.6 million ($0.47 per share), compared to $81.3 million ($0.52) a year before. Gross margins decreased to 45.5% from 47.3%. Ciena initiated a $250 million accelerated share repurchase program, repurchasing approximately 3.6 million shares.

JPMorgan Chase, in collaboration with Toshiba and Ciena, has successfully developed a groundbreaking Quantum Key Distribution (QKD) network capable of withstanding quantum computing threats. This innovative network supports data rates up to 800 Gbps, providing security for critical applications. Additionally, the QKD network was demonstrated to effectively protect the world's first peer-to-peer blockchain network, Liink by J.P. Morgan, marking a significant advancement in quantum cybersecurity. This work positions JPMorgan Chase at the forefront of securing future banking technologies.