Ciena

Ciena Corp. engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena’s Networking Platforms products in their networks. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready” networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles in November 1992 and is headquartered in Hanover, MD.

Earnings data Q1 2021

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Earnings data Q1 2024

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Ciena reports stellar Q1 results, eyes growth in India's 5G market

Ciena's Q1 performance reflects robust demand drivers, market-leading technologies, and strategic investments in expanding its addressable market. The company's focus on addressing backlog challenges, expanding into new regions, and leveraging AI in its business presents promising growth prospects.

Ciena excels in Q2, eyes stable growth amid supply challenges

Ciena's Q2 performance reflects strong financials, operational improvements, and strategic growth initiatives amidst supply chain challenges and evolving customer dynamics.
The company's focus on innovation, customer adoption, and market expansion positions it well for future success, with positive outlooks for fiscal '24 and long-term growth.
Navigating through industry shifts and demand fluctuations, Ciena remains agile, leveraging strengths in technology advancements and customer-centric solutions for sustained profitability.

Ciena excels in Q3 with record revenue and market growth

Ciena's Q3 performance was robust with revenue growth across key segments.
Despite challenges like high DSOs, the company is capitalizing on market opportunities.
Strong customer relationships and market expansions drive Ciena's growth strategy.
Focus on sustainability aligns with environmental impact reduction goals.

Ciena reports robust earnings, eyes growth in emerging technologies

Ciena's strong performance in Q4 and FY '23 showcases growth across segments and market share gains.
While facing challenges in margin improvement and service provider orders, the company is optimistic about future growth opportunities.
Investments in technology and market expansion indicate a strategic focus on innovation and capturing emerging trends.
Overall, Ciena's financial outlook for '24 and beyond reflects a balanced approach to growth and profitability.

Ciena reports strong Q1 results, eyes cloud growth opportunities

Ciena's Q1 performance reflects strength in non-telco revenue and cloud provider growth, despite challenges in inventory absorption and supply chain delays. The company remains optimistic about its market position and growth prospects, focusing on improving operational efficiencies and seizing opportunities in the cloud DCI business.

Ciena reports strong Q2 performance and eyes growth opportunities

Ciena's Q2 performance reflects solid revenue, margin, and cash flow metrics, with strong growth in key sectors and confidence in future revenue.
Strengths lie in design wins, cloud provider momentum, market positioning, and strategic investments.
Challenges include inventory management, timing of product releases, core business growth, and navigating new market opportunities.
Opportunities stem from industry trends, service provider investments, cloud partnerships, and technological advancements driving growth potential.

Ciena reports strong Q3 earnings, eyes cloud growth for future

CFO James Moylan announced retirement after strong Q3 results. Ciena sees potential in cloud provider investments and anticipates improved North American spending.

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Ciena Corp. is involved in the optical and routing systems, services, and automation software business, which engages in the provision of network and communication infrastructure. It operates through the following segments: Networking Platforms, Platform Software and Services, Blue Planet Automation Software and Services, and Global Services. The Networking Platforms segment consists of Converged Packet Optical and Packet Networking portfolios. The Platform Software and Services segment provides analytics, data, and planning tools to assist customers in managing Ciena’s Networking Platforms products. The Blue Planet Automation Software and Services segment enables customers to implement large-scale software and IT-led OSS transformations by transforming legacy networks into “service ready” networks. The Global Services segment offers a broad suite of value-added services. The company was founded by Patrick H. Nettles and Kevin B. Kimberlin in 1992 and is headquartered in Hanover, MD.

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Ciena's (CIEN) WaveLogic 6 Extreme is being utilized by Southern Cross to address the growing international connectivity.

Ciena's (CIEN) WL6e Solution Utilized by Southern Cross

SYDNEY, Australia--(BUSINESS WIRE)--Southern Cross, Australasia's independent specialist international capacity provider, is planning to deploy Ciena's (NYSE: CIEN) industry-leading WaveLogic 6 Extreme (WL6e) technology as a key part of the Southern Cross (SX) NEXT expansion plans from Sydney to Los Angeles. The use of WL6e technology in NEXT will allow the implementation of 800 Gb/s wavelengths across the single 12,500+km span, providing reliable, energy efficient, and high bandwidth connectio.

Southern Cross Targets Pacific Record with Ciena's WaveLogic 6

SYDNEY--(BUSINESS WIRE)--To satisfy rising bandwidth demands and cut energy use across its network, Vocus will deploy Ciena's (NYSE: CIEN) industry-leading WaveLogic 6 Extreme (WL6e) 1.6 Tb/s coherent technology across its long haul and metro links. This industry-first coherent optic solution will enable Vocus to benefit from greater cost-effectiveness and reliability. “We are delighted to be the first network operator to announce plans to adopt this exciting technology after partnering with Ci.

Vocus to Roll Out 1.6 Tb/s Technology with Ciena's WaveLogic 6

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Ciena's (CIEN) GeoMesh Extreme is being utilized by BW Digital to address the growing international connectivity demands.

Ciena's (CIEN) GeoMesh Extreme Solution Used by BW Digital

HANOVER, Md.--(BUSINESS WIRE)--BW Digital today announced the availability of commercial 400GbE services on the Hawaiki Transpacific Cable powered by Ciena's (NYSE: CIEN) GeoMesh Extreme submarine network solution. This follows an earlier milestone when the Hawaiki cable achieved 500Gbps channel wavelengths. “Our recent upgrades with Ciena's GeoMesh Extreme put us in good stead to respond to ever-growing market requirements for international connectivity,” said Ludovic Hutier, Chief Executive O.

Hawaiki Offers 400GbE Services Enabled by Ciena

F5 Networks

Given its better prospects, we believe Ciena stock (NYSE: CIEN), a network hardware, software, and services provider, is a better pick than its sector peer, F5 Networks stock (NASDAQ NDAQ : FFIV), an application security and cloud networking company. Investors have assigned a higher valuation multiple of 3.7x revenues for FFIV compared to 1.5x revenues for CIEN due to F5's superior revenue growth and profitability.

After A 13% Fall This Year How Does Ciena Compare With F5 Stock?

Ciena is the technological leader in the coherent optical space, with a track record of outpacing the competition both in terms of product innovation and market share. Ciena should benefit from the increasing demand for internet bandwidth, potential margin expansion, and the rise of AI. The company is trading at 15x P/E 2024 adjusted EPS. An acceleration in business from H1 2024 onwards should drive earnings improvement and subsequently investor interest in the stock.

Ciena: Technological Leader In A Secular Growth Market

Ciena's (CIEN) fiscal fourth-quarter performance is driven by increasing demand momentum, especially from cloud provider customers.

Ciena (CIEN) Q4 Earnings & Revenues Top Estimates, Up Y/Y

Ciena Corporation (NYSE:CIEN ) Q4 2023 Earnings Conference Call December 7, 2023 8:30 AM ET Company Participants Gregg Lampf - Vice President, Investor Relations Gary Smith - President and Chief Executive Officer James Moylan - Senior Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Amit Daryanani - Evercore ISI Tal Liani - Bank of America Karan Juvekar - Morgan Stanley Ruben Roy - Stifel Alex Henderson - Needham & Company George Notter - Jefferies Simon Leopold - Raymond James Michael Genovese - Rosenblatt Securities Operator Good morning and welcome to Ciena's Fiscal Fourth Quarter 2023 Financial Results Conference Call. All participants will be in a listen-only mode.

Ciena Corporation (CIEN) Q4 2023 Earnings Call Transcript

Ciena (NYSE: CIEN ) just reported results for the fourth quarter of 2023. Ciena reported earnings per share of 75 cents.

CIEN Stock Earnings: Ciena Beats EPS, Beats Revenue for Q4 2023

Optical-networking company Ciena reported a strong fiscal fourth quarter. It caught up with delayed demand.

Ciena Stock Is Rallying. Cloud Demand Is Strong.

While the top- and bottom-line numbers for Ciena (CIEN) give a sense of how the business performed in the quarter ended October 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ciena (CIEN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Ciena (CIEN) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.61 per share a year ago.

Ciena (CIEN) Beats Q4 Earnings and Revenue Estimates

Ciena reported fiscal fourth-quarter profit and revenue that topped estimates. Fiscal 2024 sales guidance came in below expectations.

Ciena Earnings Top Estimates, Guidance Light Amid Lowered Expectations

Ciena Corporation (NYSE:CIEN) reported strong growth in sales and profit in the fourth quarter boosted by strong optical networking sales.  The networking systems, services and software company said in the financial fourth quarter ended October 28 revenue rose to $1.13 billion from $971.0 million the year before.

Ciena sales jump boosted by optical networking arm

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation, a networking systems, services and software company, announced financial results for its fiscal fourth quarter ended Oct 28, 2023.

Ciena Reports Fiscal Fourth Quarter 2023 Financial Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Ciena (CIEN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended October 2023.

Countdown to Ciena (CIEN) Q4 Earnings: Wall Street Forecasts for Key Metrics

Strong demand trends are likely to have boosted Ciena's (CIEN) fiscal Q4 performance. However, global macro weakness remains a concern.

Ciena (CIEN) to Post Q4 Earnings: Here's What to Expect

Ciena (CIEN) and Flex team up to develop pluggable OLTs and ONUs to help U.S. network providers enhance their local presence.

Ciena (CIEN) & Flex Partner for Pluggable OLT Manufacturing

Flex

HANOVER, Md.--(BUSINESS WIRE)--Ciena® (NYSE: CIEN), a U.S.-based networking systems, services and software company, is adding domestic manufacturing through an expanded agreement with global diversified manufacturer Flex (NASDAQ: FLEX). Ciena is expected to begin production of the industry's first pluggable optical line terminals (OLTs) as well as its optical network units (ONU) at a Flex factory in the U.S. in mid-2024. Advancing its commitment to roll out high-speed broadband to unserved and.

Ciena Invests in U.S. Manufacturing with Flex to Support BEAD-funded Projects, Strengthen Domestic Supply Chain and Add High-Tech Jobs

HANOVER, Md.--(BUSINESS WIRE)--Cirion Technologies deployed Ciena's Waveserver 5 platform to expand connectivity and increase resiliency between data centers in Bogotá, Colombia.

Cirion Picks Ciena's 800G Technology for Bogotá Metro DCI Deployment

HANOVER, Md.--(BUSINESS WIRE)--Ciena® Corporation expects to announce its fiscal fourth quarter and year-end financial results on Thursday, December 7, 2023.

Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2023 Results

HANOVER, Md.--(BUSINESS WIRE)--Ciena has reached an incredible milestone, surpassing 100,000 modems shipped of its WaveLogic 5 Extreme programmable 800G technology.

News for Ciena Stock (CIEN)