Welcome to our dedicated page for Ciena news (Ticker: CIEN), a resource for investors and traders seeking the latest updates and insights on Ciena stock.
Ciena Corporation (NYSE: CIEN) is a telecommunications equipment provider and, by its own description, the global leader in high-speed connectivity. This news page aggregates coverage of Ciena’s announcements, giving readers a focused view of how the company’s networking systems, interconnects, automation software, and services are used across global communications and digital infrastructure.
News about Ciena often includes financial results and outlook, such as fiscal quarter and year-end earnings releases furnished on Form 8-K. These updates provide detail on product and services revenue, segment performance across Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services, as well as commentary from management on market conditions and demand from cloud and service provider customers.
Readers can also expect technology and deployment news that highlights how Ciena’s optical networking and high-capacity solutions are used in real-world networks. Recent press releases describe collaborations with digital infrastructure providers, subsea cable operators, and other partners to deploy Ciena technologies on long-haul terrestrial routes, subsea systems, and data center connectivity projects aimed at supporting AI workloads and rising bandwidth demand.
In addition, Ciena issues corporate and strategic updates, including information on acquisitions such as Nubis Communications, investor events, and participation in industry conferences. Together, these items offer insight into how Ciena positions its portfolio for the AI era and how its business evolves over time. Investors, analysts, and industry observers can use this page to follow Ciena’s key announcements and developments as reported through official news channels.
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 IPTM 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.
FAQ
What is the current stock price of Ciena (CIEN)?
What is the market cap of Ciena (CIEN)?
