Ciena Corp Stock Price, News & Analysis

Ciena (NYSE: CIEN) is collaborating with Mexican telecommunications carrier Marcatel to build a high-capacity network connecting Querétaro to McAllen, Texas. This innovative network offers low-latency data center interconnect services with speeds up to 600Gbps, catering to growing demands for bandwidth-heavy applications. Marcatel's deployment of Ciena's technology enhances its network capabilities, enabling efficient operations and rapid service deployment.

Ciena Corporation (NYSE: CIEN) reported unaudited financial results for Q2 FY2021, with revenue of $833.9 million, a 6.7% decrease from $894.1 million in Q2 FY2020. GAAP net income was $103.1 million, equating to $0.66 per share, up from $0.59 in the prior year, benefiting from $40.4 million in government subsidies. The adjusted net income fell to $97.6 million or $0.62 per diluted share, down from $117.4 million or $0.76 year-over-year. Ciena repurchased 0.5 million shares for $26.2 million during the quarter.

Ciena Corporation (NYSE: CIEN) will participate in three key financial community events in June 2021. These events include the Evercore ISI TMT Conference on June 8, featuring CFO Jim Moylan, the Stifel Virtual Cross Sector Insight Conference on June 9 with Scott McFeely, SVP of Global Products & Services, and the BofA Securities Global Technology Conference on June 10, also with CFO Jim Moylan. All events will be webcast live and later archived for viewing in the Investor Relations section of Ciena's website.

Ciena Corporation (NYSE: CIEN) is set to release its fiscal second quarter financial results on June 3, 2021, prior to market opening. Investors can access the press release on Ciena’s website. A live audio web broadcast hosted by management will take place at 8:30 a.m. Eastern on the same day, also accessible via the website. Following the live session, an archived version will be available in the Events & Presentations section for those unable to attend.

Aqua Comms and Telia Carrier, in collaboration with Ciena, have successfully completed a trial providing 400GbE commercial services between New York and Frankfurt. This trial follows Aqua Comms' upgrade of its Trans-Atlantic submarine cable routes with Ciena's GeoMesh Extreme submarine network solution. The initiative aims to meet the rising demand for connectivity as traffic between the US and Europe continues to grow. Telia Carrier and Aqua Comms are positioning themselves to support enhanced infrastructure for cloud and content services.

Ciena has successfully upgraded Angola Cables' MONET submarine cable network using its GeoMesh and WaveLogic Ai technologies. This upgrade adds 2.2 Tbps of capacity between Miami, Fortaleza, and São Paulo, enhancing network performance for digital services. The upgrade aims to meet rising demand for cloud services and provides a low-latency connection, facilitating regional growth. By bypassing cable landing stations, operational efficiency is improved while maintaining real-time monitoring through Ciena’s Manage, Control, and Plan system.

Ciena (NYSE: CIEN) announces that Altibox, a major operator in Norway and Denmark, is implementing Ciena’s Waveserver 5 coherent optical solution. This partnership aims to enhance Altibox's network capabilities, enabling high bandwidth connectivity, up to 800Gb/s, to meet growing demands from cloud providers and enterprises. The new pan-European network will support Altibox Carrier's wholesale business and strengthen connections to key digital hubs. This development is aligned with global trends, as data centers increasingly emerge in these regions driven by high-demand applications.

Zayo Group Holdings has deployed Ciena’s WaveLogic™ 5 Extreme technology between Dublin and Amsterdam, enhancing optical network capacity across Europe.

This implementation supports multi-terabit capacity and higher transmission rates, optimizing network performance. The collaboration aims to facilitate 400G customer connectivity in the region, addressing increased bandwidth demands due to cloud migration. Zayo's investments in infrastructure are crucial for meeting the rising intercontinental transfer and next-generation technology needs.

Aqua Comms has upgraded its Trans-Atlantic submarine cable routes using Ciena's GeoMesh Extreme solution, enhancing digital connectivity across the US, Ireland, Denmark, and the UK. The upgrades include a complete modernization of the AEC-1 cable, doubling its capacity to nearly 20Tb/s, and enhancing the AEC-2 network to support up to 500G rates. These upgrades improve operational efficiency and network reliability, enabling Aqua Comms to better serve global data centers and cloud providers.