24.96 0.00 (0.00%)
After hours: 4:29PM EDT
|Bid||24.05 x 800|
|Ask||25.80 x 27000|
|Day's range||24.61 - 25.03|
|52-week range||19.40 - 27.98|
|PE ratio (TTM)||5.31|
|Earnings date||31 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||30.16|
GlobeNet, a wholesale provider of telecom infrastructure in the Americas, has selected Ciena technology to deliver 200G wavelengths along its 23,500 km fiber optic subsea cable system across the Americas.
Caucasus Online has selected Ciena to enhance its Black Sea fibre optic network to realize an increase in data transfer capacity of up to 5 Tbps. By deploying Ciena’s GeoMesh Extreme submarine solution with high-density 100G transponders, the operator is integrating multi-protocol and low-latency capabilities into its subsea network.
Stock futures rose Monday morning. President Trump said he wants to help China's ZTE "get back into business," good news for U.S. optical stocks. He also said U.S.-China trade talks "will all work out."
Infinera plunged on Thursday, reversing from gains after it reported first-quarter earnings, after the company's conference call with analysts raised worries over pricing pressure and spending by a key customer.
Ciena® Corporation expects to announce results for its fiscal second quarter earnings results ended April 28, 2018 on Thursday, May 31, 2018 before the open of the financial markets.
Eletronet has selected Ciena’s (CIEN) converged packet optical solution to launch new wavelength services across its national backbone network for wholesale, Internet Service Providers (ISPs) and webscale companies. Enabled by high-performance capacity of a 100G network that scales to 250G, Eletronet can deliver flexible and reliable high-bandwidth, multi-site connectivity and bundled Internet Protocol (IP) services to its customers across Brazil. Eletronet is currently one of the largest providers of connectivity to ISPs in the Brazilian market, supplying high-speed data transport over its national optical ground wire (OPGW) fiber optic network that consists of more than 16,000 kilometers across Brazil’s 18 states.
Optical-technology stocks are having a second really bad week after the U.S. Department of Justice opened a criminal investigation into China’s privately held Huawei, which buys parts from the optical companies. While the component maker shares crashed, some analysts see potential benefit for the two optical-systems makers that compete most closely with Huawei, Ciena (CIEN) and Infinera (INFN). The Wall Street Journal’s Stu Woo and Aruna Viswanatha relate that multiple unnamed sources say the DoJ is “investigating whether Huawei Technologies Co. violated U.S. sanctions related to Iran.” This is just the latest action against Iran, which has long been blocked from selling telecom equipment to U.S. carriers by the U.S. government.
Organizations across the globe are transforming their networks with intelligent automation, programmable optics and advanced analytics capabilities to be able to adapt and respond dynamically to changing market demands.
There could be upside for Ciena from the U.S. Commerce Department's decision to ban domestic firms from selling components to Chinese telecom gear maker ZTE, two analysts say.
Ciena was saddened to learn that Harvey B. Cash, a member of Ciena’s Board of Directors, passed away on April 10, 2018. Berry, as he was known to friends and colleagues, joined Ciena’s Board in 1994 and served as a member of the Compensation Committee and the Governance and Nominations Committee of the Board at the time of his passing, and previously served as the Board’s Lead Independent Director....
Finisar Corporation (FNSR) was a big mover last session, as the company saw its shares rise more than 6% on the day amid huge volumes.
Ciena (CIEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Finisar (FNSR) has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions as well.
Ciena Corporation (CIEN) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision, along with decent short-term momentum.
Ciena is introducing enhanced policy capabilities into its Blue Planet intelligent automation platform that incorporates the architectural framework from the Linux Foundation’s open-source Open Networking Automation Platform to aid network providers’ evolution to more adaptive, software-centric networks.
The other day I had lunch with Ciena (CIEN) chief financial officer Jim Moylan. Over a nice tuna niçoise, we discussed cloud computing, telcos and the outlook for Ciena’s chip business. For example, on the matter of cash balances, when I asked how much net cash Ciena should maintain — some companies such as Apple (AAPL) have promised to reduce it to zero, or almost zero — Moylan declined to list a figure or a percentage.
A number of analysts have been at the Optical Network and Communication Conference, or OFC as it’s known, in San Diego, California, kicking the tires. Among them, Goldman Sachs’s Doug Clark and Rod Hall came away with some favorable impressions of Cisco Systems (CSCO) and Ciena (CIEN). The analysts write that “investor attendance and interest was once again high, especially with industry consolidation top of mind following the announcement on March 12 of Lumentum’s (LITE) intent to acquire Oclaro (OCLR)." The authors met with Ciena’s CTO Steve Alexander and with CFO Jim Moylan and came away enthusiastic about the company’s standing in, for example, “400G” networking, the movement of 400 billion bits per second in fiber optic pipes: Ciena has been shipping 400G optical systems (leveraging its WaveLogic Ai chipset) for several quarters.
Ciena is taking its industry-leading packet-optical portfolio to another level by adding important aggregation, scale and programmability capabilities that help providers support densification efforts.
Ciena's (CIEN) first-quarter fiscal 2018 results gain from strong growth in Asia Pacific as well as high adoption of Blue Planet and Waveserver platforms.