Ciena Corp Stock Price, News & Analysis

Ciena (NYSE: CIEN) has partnered with Xiber, a nationwide Internet Service Provider based in Indianapolis, to develop a Software-Defined Networking (SDN) and Network Functions Virtualization (NFV) network for a major retail chain spread across six Midwestern states. This initiative will enhance network security and internet connectivity for retail employees and customers. Ciena's Adaptive IP™ solution will support rapid service deployment and low latency, improving overall user experience. Utilizing Ciena’s advanced routers, Xiber aims to provide a seamless and secure connectivity experience.

Ciena Corporation (NYSE: CIEN) will announce its fiscal first quarter financial results on March 4, 2021, before market opening. The announcement will be accessible via Ciena’s website. Alongside the results, Ciena will provide additional supporting materials on its Quarterly Results page. A live audio web broadcast by management will take place at 8:30 a.m. Eastern. An archived version of the call will be available shortly after. For updates, follow Ciena on social media platforms.

Bulk Fiber Networks is enhancing its submarine cable system, Havfrue, with infrastructure from Ciena (NYSE: CIEN). The new 7,851km cable system offers a capacity 1,000 times greater than previous systems, linking the USA, Denmark, Ireland, and Norway. This cable is crucial for addressing growing connectivity demands in the Nordic region, providing network resiliency and low operational costs. Ciena's technology enables tailored virtual fiber pairs and effective network management, positioning Bulk Fiber Networks to cater to large-scale data transport needs.

Ciena's GeoMesh Extreme submarine solution has been selected by Southern Cross Cable Limited for its new 13,494 km Southern Cross NEXT cable project. The deployment, utilizing Ciena’s 6500 SLTE and WaveLogic 5 Extreme optics, aims to address the growing demand for bandwidth amid rising digital requirements. The NEXT system will integrate seamlessly with Southern Cross's existing network, enhancing connectivity across Australia, New Zealand, and the US. Expected completion is early 2022, with projections for improved capacity and sustainability.

Ciena (NYSE: CIEN) is collaborating with Consolidated Communications to enhance its wireline network, facilitating the deployment of advanced 5G services. This partnership leverages Ciena's Adaptive IP™ solutions, allowing Consolidated to offer flexible, high-performance connectivity options for its customers. Consolidated's extensive fiber network, covering 46,300 miles across 23 states, will support a range of communication solutions. This initiative aims to meet rising demands for reliable connectivity amidst a growing virtual landscape.

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.