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Ciena Corp  (CIEN)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $49.5000 $-0.52 -1.040%
Day's High: $50.14 Week Perf: -3.9 %
Day's Low: $ 49.69 30 Day Perf: -13.23 %
Volume (M): 57 52 Wk High: $ 63.24
Volume (M$): $ 2,845 52 Wk Avg: $46.60
Open: $50.19 52 Wk Low: $39.94



 Market Capitalization (Millions $) 7,219
 Shares Outstanding (Millions) 146
 Employees 5,161
 Revenues (TTM) (Millions $) 4,368
 Net Income (TTM) (Millions $) 228
 Cash Flow (TTM) (Millions $) 210
 Capital Exp. (TTM) (Millions $) 93

Ciena Corp
CIENA is a leading global provider of innovative network solutions to telecommunications service providers and enterprises worldwide. Our customers include long distance carriers, local exchange carriers, cable operators, Internet service providers, wireless and wholesale carriers, resellers, governments, large businesses and non-profit institutions.

Currently, the major challenge service providers face is evolving their networks to process efficiently and deliver profitably a growing range of data services. The networks of most ILECs, IXCs and PTTs were designed to carry voice traffic and to deliver voice services. As the demand for data services grew, these carriers built separate data networks and operated them concurrently with their existing voice networks. Revenue from data services continues to grow, but in most cases not nearly as fast as data traffic.

With data surpassing voice as the dominant network traffic but lagging in terms of profitability, carriers are looking for more cost-effective and efficient ways to deliver the range of voice and data services that their customers are demanding. Most have concluded that the only way to offer advanced voice, data, video and other services profitably is to consolidate their separate voice and data networks onto a single converged network, one that is capable of delivering multiple services over a single infrastructure.

While this vision of eventual network convergence is widely shared, there are divergent perceptions regarding how it will come about. Some equipment vendors envision that the converged network will be based on a completely new network infrastructure. We believe, however, that the transition to a converged all-service network will be an evolutionary process, one in which carriers will leverage their existing network investment. The majority of our strategic initiatives, partnerships and investments are intended to capitalize on this evolution.

CIENA's solutions harness innovation to deliver improved network economics. Our intelligent networking solutions are designed to enable service providers to transition from inefficient, legacy, voice-centric networks to more efficient, data-friendly networks. CIENA's systems and their intelligent networking software address the network scalability and capital spending challenges and the escalating operational costs faced by service providers.

CIENA's equipment can replace multiple legacy network elements with fewer, more intelligent network elements, thereby simplifying the network and lowering carriers' initial capital costs and ongoing operating expenses.

The software functionality of CIENA's equipment creates a network environment in which distributed intelligence ' intelligence at the network element level ' takes the place of centralized network intelligence. As a result, CIENA networks can 'think' for themselves, making dynamic decisions without human intervention thereby facilitating provisioning and protection capabilities and lowering associated operating costs.

CIENA's equipment is designed to reduce network operating costs by enabling carriers to manage network traffic and network bandwidth more efficiently.

CIENA's equipment is designed to enable carriers to shorten the time it takes to provision services, in some cases from months to nearly real-time, thereby accelerating revenue generation.

In addition to capital and operational cost savings, CIENA's equipment and network management software is designed to enable carriers to offer new, revenue-generating and service-differentiating services.

In addition to those products developed internally or added through acquisition, CIENA has executed reseller agreements with both Laurel Networks and Luminous Networks. Under the agreement with Laurel, which is exclusive as to certain designated customers, CIENA markets, sells and supports Laurel Networks' ST200' Service Edge Router to service providers worldwide. Under the agreement with Luminous, CIENA markets, sells and supports Luminous Networks' entire PacketWave' family of products.

Services

CIENA provides a comprehensive portfolio of service and support offerings for its products. Our offerings include:

Deployment services including network design, product installation, network integration testing and acceptance testing;

Maintenance services including parts exchange, engineering dispatch, advanced technical support and hardware and software warranty extensions; and

Training and documentation services including product training, service partner training and documentation services.

COMPETITION

Competition in the telecommunications equipment industry is intense, and became increasingly so as the market for communications networking equipment declined. CIENA's competition is dominated by a small number of very large, usually multi-national, vertically integrated companies. Each of which has substantially greater financial, technical and marketing resources, and greater manufacturing capacity as well as better established relationships with the incumbent carriers than CIENA. Included among CIENA's competitors are: Alcatel, Cisco Systems, Inc. ('Cisco'), Fujitsu Group ('Fujitsu'), Hitachi Ltd. ('Hitachi'), Huawei Technologies Co. Ltd ('Huawei'), Lucent Technologies Inc. ('Lucent'), Marconi Corporation ('Marconi'), NEC Corporation ('NEC'), Nortel Networks ('Nortel'), Siemens AG ('Siemens'), Telefon AB LM Ericsson ('Ericsson'), and Tellabs, Inc. ('Tellabs'). There are also several smaller, but established companies, such as ADVA AG Optical Networking, and Sycamore Networks, Inc., that offer one or more products that compete directly or indirectly with our offerings. In addition, there are a variety of earlier-stage companies with products targeted at the communications networking market in some stage of development or deployment, most of them employing advanced technology that could offer advantages over products offered by CIENA.




   Company Address: 7035 Ridge Road Hanover 21076 MD
   Company Phone Number: 694-5700   Stock Exchange / Ticker: NYSE CIEN
   


Customers Net Income grew by CIEN's Customers Net Profit Margin grew to


4.43 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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• View Complete Report
   



Product Service News

SEA-ME-WE 4's Submarine Cable Upgrade Empowers Global Digitalization with Lightning-Fast Connectivity

Published Mon, Mar 11 2024 1:00 PM UTC

HANOVER, Md. - March 17, 2024 - In a world where digital connectivity has become the lifeline for businesses, governments, and individuals, keeping up with the ever-growing demand for bandwidth has become a top priority. Recently, SEA-ME-WE 4 (South East Asia Middle East Western Europe 4) completed an extraordinary upgrade to its submarine cable system, revolutionizing inter...

Ciena Corp

Ciena Corp's Stock Surges Despite Slender Top-Line Decline

Ciena Corp, a leading provider of networking equipment and services, has experienced a recent increase in its stock value, which is indicative of the company's positive performance. Over the past year, the stock has seen a 3.57% increase, and in the past 90 days, the share price has risen by 13.03%. Additionally, Ciena Corp's stock is currently trading 13.4% above its 52-week average on the New York Stock Exchange.
However, the company's recently announced financial results for the fiscal first quarter of 2024 show a decline in earnings per share by -33.33%, dropping to $0.34, and a decrease in revenue by -1.781% to $1.04 billion compared to the previous year's first quarter. In contrast, the overall Consumer Electronics industry recorded a 3.58% improvement in revenue for the same period.

Product Service News

Astound Business Solutions Enhances Connectivity with 400G Wavelength Service Powered by Ciena

Published Tue, Feb 13 2024 1:01 PM UTC

Astound Business Solutions Unveils 400G Wavelength Service Across the U.S. with Ciena's Cutting-Edge TechnologyAstound Business Solutions, a leading provider of high-capacity and secure connectivity solutions, has recently launched its latest commercial service known as 400G Wavelength. This service utilizes Ciena's state-of-the-art WaveLogic 5 Extreme (WL5e) 800G and WaveLo...

Product Service News

Southern Cross Expands Capacity with Ciena's WaveLogic 6 for Transpacific Connectivity

Published Tue, Jan 23 2024 2:00 PM UTC

Southern Cross, an independent international capacity provider in Australasia, has announced plans to utilize Ciena's industry-leading WaveLogic 6 Extreme (WL6e) technology for its Southern Cross (SX) NEXT project. This project aims to expand connectivity from Sydney to Los Angeles. By implementing WL6e technology, Southern Cross will be able to support 800 Gb/s wavelengths ...

Product Service News

Vocus and Ciena's WaveLogic 6 Technology: A Gamechanger in Telecommunications

Published Thu, Jan 18 2024 2:00 PM UTC

Vocus to Implement Ciena's WaveLogic 6 Technology for Enhanced Bandwidth and Cost-EffectivenessSYDNEY - Vocus, a prominent telecommunications company, has announced its plans to deploy Ciena's advanced WaveLogic 6 Extreme (WL6e) coherent technology, capable of delivering an impressive 1.6 terabits per second (Tb/s), across its long haul and metro links. This groundbreaking c...






 

Ciena's Segments
 
Domestic
 Segment     of total Revenue
International
 Segment     of total Revenue
Packet Optical Transport
 Segment     of total Revenue
Software Services
 Segment     of total Revenue
Packet Optical Switching
 Segment     of total Revenue
Carrier Ethernet service delivery
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Ciena announced annual revenue outlook on

Earnings Outlook
Ciena Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion
Domestic
International




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