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Ciena Corporation (NYSE: CIEN) delivers cutting-edge network infrastructure solutions for global telecommunications providers and enterprises. This news hub provides investors and industry professionals with verified updates on strategic initiatives, financial performance, and technological advancements shaping the future of connectivity.
Access official press releases covering network architecture innovations, partnership announcements, and financial disclosures. Our curated selection includes updates on optical networking developments, software-defined automation progress, and global service expansions. Monitor Ciena's leadership in adaptive network solutions through quarterly earnings reports and market analysis commentaries.
Key updates include product launch details, patent filings, and industry collaboration news. Track Ciena's role in enabling 5G infrastructure, cloud-native architectures, and sustainable network operations. Bookmark this page for real-time notifications about operational milestones and executive leadership updates impacting the communications technology sector.
Sipartech, a leading European infrastructure operator, is enhancing its network with Ciena's GeoMesh Extreme submarine network solution. This upgrade enables Sipartech to provide wholesale 400GbE services over an 800Gb/s wavelength on its submarine network, strengthening its pan-European terrestrial and undersea infrastructure.
The deployment includes the Medloop France submarine cable connecting Barcelona, Marseille, and Genoa, offering a diverse path from Spain to Europe. This expansion supports digital growth and ensures network resilience against disruptions. Sipartech's network utilizes Ciena's 6500 Packet-Optical Platform and WaveLogic 5 Extreme, managed by the Navigator Network Control Suite, providing maximum bandwidth efficiency and flexibility.
Ciena (NYSE: CIEN) has unveiled a 1.6 Tb/s Coherent-Lite pluggable solution to help cloud and data center providers handle the expected surge in traffic from cloud, machine learning, and AI applications. This offering, based on Ciena's WaveLogic 6 Nano (WL6n) technology, will be available in both 1.6 Tb/s and 800G versions. The solution utilizes a 3nm coherent ASIC that supports dual 800G data paths within a single DSP chip.
The Coherent-Lite design is optimized for power and latency in shorter-reach data center applications. Industry experts predict this technology will address the increasing bandwidth demands driven by AI and machine learning adoption. Ciena's WL6n Coherent ASIC will be available for electro-optic integration by the end of this year, with a prototype of the 1.6 Tb/s pluggable to be showcased at ECOC 2024.
Commsworld, Scotland's leading ISP, has launched a new business-grade 'Ethernet over Fibre to the Premises (EoFTTP)' broadband service using Ciena's (NYSE: CIEN) XGS-PON technology. The service offers 1 Gb/s symmetric connectivity with bandwidth guarantees and repair times comparable to more expensive leased lines, addressing a gap in the UK connectivity market.
The network utilizes Ciena's XGS-PON pluggable optical line terminals (micro-OLTs) and 3801 optical network units (ONUs). This deployment allows Commsworld to easily scale bandwidth to meet demand, particularly in rural areas. The project is being carried out in cooperation with Ciena's partner Nomios, focusing on integration and automation to deliver new revenues from existing infrastructure.
Danish network provider TDC NET is transforming its Operating Support System (OSS) using automation software from Blue Planet, a division of Ciena (NYSE:CIEN). The implementation of Blue Planet Inventory (BPI) on Blue Planet's Cloud Native Platform will provide TDC NET with a unified view of its mobile and fixed network resources and services. This deployment is part of TDC NET's larger digital transformation strategy, which includes integration with other vendors for various functions. The BPI will enable TDC NET to accurately model and visualize network resources, automate workflows, and streamline operations. This transformation follows TDC NET's recent optical transport network upgrades with Ciena, demonstrating a comprehensive, open, and future-ready ecosystem.
Ciena (NYSE: CIEN) has announced that James E. Moylan, Jr., Senior Vice President and Chief Financial Officer (CFO), plans to retire on August 28, 2025. Moylan has served Ciena for over 16 years and will continue as CFO until a successor is in place. The company will begin a search process to identify a new CFO.
Gary Smith, Ciena's president and CEO, praised Moylan's significant contributions to the company's growth and operating model. Moylan expressed his gratitude for being part of Ciena, describing it as the highlight of his career. He will continue in a leadership role for the next year to ensure a smooth transition.
Ciena (NYSE: CIEN), a networking systems, services, and software company, reported Q3 fiscal 2024 results with revenue of $942.3 million, down 11.8% YoY from $1.07 billion in Q3 2023.
GAAP net income was $14.2 million or $0.10 per share, compared to $29.7 million or $0.20 per share last year. Adjusted net income was $50.8 million or $0.35 per share, down from $89.1 million or $0.59 per share in Q3 2023.
The company repurchased 0.6 million shares for $29 million during the quarter. GAAP gross margin increased to 42.9% from 42%, and non-GAAP gross margin improved to 43.7% from 42.7%. Operating margin declined to 2.9% (GAAP) and 8% (non-GAAP) from 7.3% and 12% respectively. Adjusted EBITDA also dropped by 34.9% YoY to $98.5 million.
By segment, Networking Platforms revenue decreased to $699.5 million from $846.6 million, while Platform Software and Services saw a slight rise to $83.2 million. Geographically, the Americas led with $718.6 million in revenue.
Arelion and Ciena (NYSE: CIEN) have achieved a world-first 1.6 Tb/s wavelength data transmission in a live network field trial. The test was conducted on Arelion's 470km route between Ashburn, Virginia and Virginia Beach, using Ciena's WaveLogic 6 Extreme (WL6e) technology. This breakthrough will enable Arelion to increase capacity and serve growing bandwidth demands for 5G, AI/ML applications, cloud services, and content delivery.
Key benefits of WL6e include:
- 50% reduction in space and power per bit
- 15% higher spectral efficiency
- Ability to deliver multiple 400/800 Gb/s services
- Improved energy efficiency and performance
The trial also utilized Ciena's 6500 Reconfigurable Line System for simplified network provisioning. This milestone reinforces Arelion's commitment to open optical networking and next-generation coherent optic solutions.
Lumen Technologies (NYSE:LUMN) has chosen Blue Planet Inventory (BPI), an intelligent automation software from Ciena's (NYSE:CIEN) Blue Planet division, to drive its strategic network inventory transformation initiative. This selection aims to:
- Consolidate multiple legacy inventory systems
- Streamline service delivery and assurance processes
- Digitize network assets
- Improve global customer experience
The implementation of BPI will enable Lumen to create a digital twin of its network, allowing for test simulations, network planning, and issue identification. This transformation is important for Lumen's mission to connect people, data, and applications efficiently while improving operational efficiency and supporting innovations like Network-as-a-Service and Private Connectivity Fabric℠.
Bhutan Telecom, the leading telecommunications provider in Bhutan, is deploying Ciena's (NYSE: CIEN) coherent routing solutions to meet increasing bandwidth demands and improve customer experience. The implementation includes Ciena's 5164, 8110, and 8114 routers, which will enhance connectivity and reduce latency, especially for edge cloud applications.
The deployment addresses the post-pandemic surge in digital content consumption and renewed interest from tourists. Ciena's routers were remotely deployed, tested, and turned up by Ciena Services, who also custom-designed the network. The 5164 Router is suitable for space-constrained locations, while the temperature-hardened 8114 Router is ideal for Bhutan's varying climate conditions.
Ciena (NYSE: CIEN) has announced it will release its fiscal third quarter 2024 financial results on Wednesday, September 4, 2024, before the financial markets open. The company will publish a press release on its website at www.ciena.com, along with additional supporting materials on the Investor Relations section's Quarterly Results page. Ciena's management will host a live audio web broadcast at 8:30 a.m. Eastern, accessible via the company's website. For those unable to attend the live broadcast, an archived version will be available in the Events & Presentations section of the Investor Relations page shortly after the call concludes.