Ciena Corp Stock Price, News & Analysis

Ciena (NYSE: CIEN) has launched its innovative WaveRouter, a platform designed to meet the growing demands of metro networks. This architecture supports bandwidth-intensive services, including 5G and cloud computing, with scalability from 6Tb/s to 192Tb/s. The WaveRouter integrates IP, optical, and compute functionalities, enhancing operational simplicity and sustainability while reducing costs. The new hybrid network architecture combines traditional and modern designs to improve performance without compromising on capacity or energy efficiency. It is expected to be available by Q3 2023. Ciena aims to address the needs of service providers looking for cost-effective and adaptable solutions amidst increasing traffic demands.

Ciena Corporation (NYSE: CIEN) has reaffirmed its fiscal second quarter and full year 2023 guidance, emphasizing stability in the demand environment and normalization of backlog and inventory dynamics. The company expects revenue between $1,035M to $1,115M for the second quarter, with an adjusted gross margin in the low 40s% and operating expenses around $335M. For the full year, Ciena anticipates a revenue growth of 20% to 22%, adjusted gross margins between 42% to 44%, and quarterly operating expenses of approximately $330M. The outlook reflects solid operational performance despite ongoing economic pressures.