Ciena Corp Stock Price, News & Analysis

Ciena (NYSE: CIEN) has announced it will release its fiscal first quarter 2025 financial results on Tuesday, March 11, 2025, before market open. The company will make the press release and supporting materials available on its website. Management will host a live audio web broadcast at 8:30 a.m. Eastern on the same day. An archived version of the conference call will be available in the Events & Presentations section of Ciena's Investor Relations website following the live broadcast.

Southern Cross Cable has achieved a significant milestone by implementing the world's first transpacific 1 Tb/s single-carrier wavelength across its 13,500km network using Ciena's (NYSE: CIEN) WaveLogic 6 Extreme coherent optics. The error-free transmission between Sydney and Los Angeles demonstrates record-breaking capabilities and spectral efficiencies.

The company will begin volume deployment of WaveLogic 6 Extreme in Q1 2025 across various network segments, including its Southern Cross NEXT cable. This implementation enhances network reliability and resilience throughout the Oceania region, supporting increasing bandwidth demands for AI, content, video, and cloud applications.

Southern Cross operates three diverse Trans-Pacific submarine cables connecting Australia, New Zealand, Fiji, and Hawaii to the mainland United States, with approximately 45,000 kilometers of submarine and 4,300 kilometers of terrestrial fiber optic cables. The network provides over 100 Tb/s of digital inter-connectivity capability.

Ciena (NYSE: CIEN) has announced its upcoming participation in the 27th Annual Needham Growth Conference. The event is scheduled for Thursday, January 9, 2025, at 11:45 a.m. Eastern Time, featuring Gary B. Smith, President and Chief Executive Officer, as the speaker.

The presentation will be accessible through a live webcast and will also be recorded. Archived versions of the presentation will be made available approximately 24 hours after the live event concludes, accessible through the Events & Presentations page in the Investors section of Ciena's website.

Ciena (NYSE: CIEN) announced the appointment of Lawton W. Fitt as independent Chair of its Board of Directors, effective December 11, 2024. She succeeds Patrick H. Nettles, Ph.D., who stepped down as Executive Chair and will retire at the 2025 Annual Meeting. Fitt, who has served as a Director since 2000 and chaired Ciena's Audit Committee, brings extensive experience including a 23-year career at Goldman Sachs where she was a partner and managing director. Dr. Nettles, who joined Ciena in 1994, will remain on the board until his retirement, supporting Fitt's transition. He previously served as CEO from 1994 to 2001 and has been Executive Chair since May 2001.

Ciena reported Q4 2024 financial results with revenue of $1.12 billion, slightly down from $1.13 billion in Q4 2023. For fiscal year 2024, revenue was $4.01 billion, compared to $4.39 billion in 2023. The company's Q4 GAAP net income was $37.0 million ($0.25 per share), down from $91.2 million ($0.62 per share) in Q4 2023. Adjusted Q4 net income was $79.3 million ($0.54 per share). During Q4, Ciena repurchased approximately 2.1 million shares for $132.0 million. The company ended fiscal 2024 with $1.33 billion in cash and investments, generating $514.5 million in operating cash flow for the year.

Ciena (NYSE: CIEN) has scheduled the announcement of its fiscal fourth quarter and year-end 2024 financial results for Thursday, December 12, 2024, before market open. The company will release supporting materials on its website's Investor Relations section and host a live audio web broadcast at 8:30 a.m. Eastern. An archived version of the conference call will be available after the live broadcast in the Events & Presentations section.

euNetworks has achieved a European first by deploying a 1.6 Tb/s coherent solution using Ciena's WaveLogic 6 Extreme (WL6e) on its production network. The deployment was conducted on a 281km route from Amsterdam to Düsseldorf, part of euNetworks' Super Highway infrastructure. The company is pre-deploying Ciena's Waveserver platforms across 13,000 kilometers to deliver 400G and 100G services.

The WL6e technology, utilizing 3nm silicon technology, offers 50% reduction in space and power consumption per bit and 15% improvement in spectral efficiency compared to previous generations. The system's performance is enhanced by euNetworks' Super Highway infrastructure, which combines low-loss G.657A1 fiber with fewer in-line amplifier shelters.

Boldyn Networks, a leading shared network infrastructure provider, has announced the deployment of scalable wavelength service up to 1.6Tb/s per channel across its fiber network in New York and New Jersey. This enhancement is powered by Ciena's WaveLogic 6 coherent optical technology, making Boldyn one of the first in the world to implement this advanced technology.

The upgrade significantly enhances network capacity and efficiency, catering to the growing demands of carriers, enterprises, and hyperscalers seeking reliable, high-capacity connections between data centers. Boldyn's offering combines cutting-edge coherent technology with a simple, server-like operational model, driving down cost per bit and reducing energy consumption.

The service is scalable from 100Gb/s to 1.6Tb/s, supporting current and future growth needs of customers. Ciena's WaveLogic 6 technology enables up to 1.6Tb/s single-carrier wavelengths for metro ROADM deployments, 1.2Tb/s across 1,000km distances, and 800Gb/s over the longest links.

ON NET FIBRA Colombia is leveraging Blue Planet software, a division of Ciena (NYSE:CIEN), to support its transition to a cloud-native Operations Support System (OSS) and automate service delivery. The deployment includes Blue Planet Inventory (BPI), Blue Planet Orchestration (BPO), and Blue Planet Unified Assurance & Analytics (UAA) applications, built on the Blue Planet Cloud Native Platform.

This implementation enables ON NET FIBRA to have a unified view of its network resources and services, delivering a full lifecycle approach across its open access xPON network. The modernized OSS is expected to improve digital connectivity experiences for customers and expand service coverage across Colombia.