Ciena Corp Stock Price, News & Analysis

Consolidated Communications (NASDAQ: CNSL) has partnered with Ciena (NYSE: CIEN) to upgrade its wireline network, enhancing support for 5G services and applications. Utilizing Ciena's Adaptive IP^TM solution, Consolidated aims to improve connectivity for customers transitioning to virtual environments. The collaboration will facilitate the introduction of new FlexEthernet-based slicing options, offering managed services without the need for carrier gear. This upgrade promises operational expense savings and expedited deployment of advanced networking capabilities for a growing demand in digital services.

Ciena Corporation (NYSE: CIEN) will participate in the Goldman Sachs 2021 Virtual Tech & Internet Conference on January 12, 2021, at 9:40 a.m. Eastern Time. The presentation will feature Jim Moylan, Senior Vice President & Chief Financial Officer, and will be webcast live, with an archived version available shortly after. Ciena, a leader in networking systems and software, focuses on solutions that create the Adaptive Network™, addressing the dynamic needs of users. For further updates, visit www.ciena.com.

Ciena Corporation (NYSE: CIEN) will participate in the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 8:30 a.m. Eastern Time. Scott McFeely, Senior Vice President of Global Products and Services, will be the speaker. The event will be available for live webcast and recorded for later viewing. Access will be provided via the Investor Relations section of Ciena's website. Ciena specializes in networking systems and services, delivering solutions that help clients adapt to changing demands.

Ciena Corporation (NYSE: CIEN) reported fiscal Q4 2020 revenue of $828.5 million, down 14.4% from $968.0 million in Q4 2019. Q4 net income was $65.0 million or $0.42 per share, down from $80.3 million or $0.51 per share year-on-year. For fiscal 2020, total revenue was $3.53 billion, a slight decrease from $3.57 billion in 2019. However, adjusted net income for Q4 rose to $94.5 million, or $0.60 per share, compared to $90.4 million in the previous year. Ciena will resume its share repurchase program in Q1 2021, targeting $150 million in purchases.

Hawaiki Submarine Cable LP has partnered with Ciena to enhance its network by deploying Ciena's WaveLogic™ 5 Extreme technology. This upgrade addresses rising demand for capacity and speed, especially due to COVID-19. Hawaiki operates the Hawaiki Transpacific Cable, the largest in the region, and this deployment will enable 500Gbps wavelengths, significantly improving channel speed and reducing latency. The upgrade is expected to enhance services for major clients, including Amazon Web Services and Vodafone, ensuring better connectivity across the Pacific region.

Ciena Corporation (NYSE: CIEN) will announce its fiscal fourth quarter and year-end 2020 financial results on December 10, 2020, before market opening. The press release will be available on Ciena's website. Additionally, management will host a live audio webcast at 8:30 a.m. Eastern Time, which can also be accessed on their website. An archived version of the conference call will be available afterward. For more updates about Ciena, follow them on social media platforms like Twitter and LinkedIn.

Ciena (NYSE: CIEN) has announced that NTT Communications Corporation will deploy its 800G line speed solution for Data Center Interconnect (DCI). This upgrade is designed to enhance network resilience and capacity, addressing the growing demands of 5G, gaming, and cloud services. The new network will support capacities up to 33.6Tbps, utilizing Ciena's WaveLogic 5 Extreme technology. Ciena's solutions aim to provide a dynamic digital experience for customers while reinforcing Ciena's commitment to delivering high-quality products efficiently.

Ciena Corporation (NYSE: CIEN) will participate in the Morgan Stanley Life After Covid Thematic Conference on Wednesday, November 11, 2020, at 12:45 p.m. Eastern Time. The event will feature Steve Alexander, Senior Vice President and Chief Technical Officer, as the speaker. The presentation will be webcast live, with an archived version available shortly after the live event on the Investor Relations section of Ciena’s website. Ciena specializes in networking systems, services, and software, helping create adaptive networks for evolving user demands.

Ciena (NYSE: CIEN) is collaborating with SUB.CO and APX Partners to enhance the Indigo submarine cable connecting Perth, Sydney, and Singapore. This upgrade will improve connectivity across Southeast Asia, a rapidly growing economic region. The network spans 9,000 kilometers and features advanced spectrum-sharing technology, enabling independent capacity upgrades. Ciena's GeoMesh Extreme and WaveLogic 5 Extreme technologies will provide 500 Gbps speeds, reducing latency and enhancing efficiency. This initiative is pivotal for meeting heightened demand for reliable connectivity due to increased remote work and communication needs.