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Ciena Corporation reports developments in high-speed optical connectivity, networking systems, interconnects, automation software and related services for communications providers, cloud operators, hyperscalers and data-center customers. Recurring updates include fiscal results, demand tied to AI-driven bandwidth growth, product introductions across WaveLogic platforms, coherent optics, pluggable optical engines and network automation, and customer deployments of high-capacity transport technology.
Ciena news also covers technology demonstrations in areas such as quantum-safe communications, IP optical convergence and access-to-edge infrastructure. Completed corporate actions, including the Nubis Communications acquisition, add context for updates involving co-packaged and near-packaged optics, electrical interconnects and data-center networking products.
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.
Sodvin AS, a telecommunications and energy solutions provider, has adopted Ciena's XGS-PON technology to enhance broadband services in Norway's Trøndelag county. By leveraging its existing power infrastructure for fiber-optic network deployment, Sodvin can now deliver high-speed, symmetrical 10 Gb/s internet and multicast TV services to residential customers. This upgrade from GPON technology follows a thorough evaluation of multiple vendors, with Ciena's solution standing out for its increased bandwidth, flexibility, and open APIs. Key components of the upgrade include Ciena's 5164 Routers, XGS-PON uOLTs, and 3801 ONUs, enabling rapid, scalable, and sustainable network expansion. Ciena's technology is expected to improve user experience and support future network upgrades while reducing environmental impact.
TDC NET, a Danish digital infrastructure provider, is set to enhance its metro and long-haul networks with Ciena’s converged packet optical solutions and 800G technology.
The upgrade, leveraging Ciena's WaveLogic 5 Extreme and Nano technologies, aims to reduce power consumption and support TDC NET’s net-zero emissions goal. This modernization will enable TDC NET to offer advanced digital services sustainably and securely, while scaling to meet future needs.
Ciena's technology will also ensure TDC NET can maintain service quality and control of the customer experience during the transformation.
Seren Juno Network Co. and Seren Juno Network America, operators of the NTT DATA-led JUNO submarine cable system, will deploy Ciena's (NYSE: CIEN) GeoMesh Extreme powered by WaveLogic 6 Extreme (WL6e). This deployment aims to bolster Japan's digital infrastructure by linking the US and Japan with a 10,000km cable set to launch by the end of 2024. WL6e will provide 800Gb, 400Gb, and 100Gb services, meeting demands for AI, cloud services, and streaming. Additionally, Ciena's Navigator Network Control Suite will enhance operational efficiency, while specific automation and technical support will ensure high reliability.
Ciena (NYSE: CIEN) reported its fiscal second quarter 2024 financial results with a revenue of $910.8 million, a 19.6% decline from Q2 2023's $1.13 billion. The GAAP net loss for Q2 2024 was $16.8 million, or $(0.12) per share, compared to a net income of $57.7 million, or $0.38 per share, in Q2 2023. Adjusted net income was $39.4 million, or $0.27 per share, down from $110.4 million, or $0.74 per share, in Q2 2023. The gross margin slightly decreased to 42.7%, and operating margin dropped from 9.1% to (0.4)%. The company repurchased 1.1 million shares for $57.0 million.
Constl, a subsidiary of Space World Group, has selected Ciena’s optical technology to enhance its Metro Area Network (MAN) and National Long Distance (NLD) connectivity services across India. Utilizing Ciena’s 6500 Packet-Optical Platform with WaveLogic 5 Extreme (WL5e), Constl aims to support up to 800G services now and scale to 1.6T with WaveLogic 6 (WL6) in the future. The deployment will span multiple metro cities, connecting data centers, cable landing stations, and other major points of presence (PoPs). Sunil Kumar, CEO of Constl, emphasized the goal to provide robust and scalable digital infrastructure. Ciena’s technologies will enable Constl to meet growing demands driven by 5G and AI developments. The initiative also includes the use of Ciena’s 6500 Reconfigurable Line System (RLS) and Navigator Network Control Suite (NCS) for enhanced network programmability and operational efficiency.