Last $16.47 USD
Change Today +0.57 / 3.58%
Volume 5.1M
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

ciena corp (CIEN) Key Developments

Ciena and Avaya Teams Up to Introduce an End-To-End WAN-LAN Data Networking Solution

Ciena and Avaya are introducing an end-to-end WAN-LAN data networking solution to cost-effectively simplify network operations for enterprises while increasing control when delivering on-demand services. Combining the intelligence and simplicity of Avaya Fabric Connect technology with the programmability and scalability of Ciena's converged packet optical and packet networking platforms, the solution provides enterprises of all sizes with a flexible architecture that can be managed dynamically as their needs evolve. It delivers the flexibility to easily migrate to new service delivery models such as hybrid cloud and data center footprint consolidation, as well as simplifying the inclusion of new network locations. The solution supports government, healthcare, and large enterprise customers' growing use of real-time applications such as Unified Communications, business video, and Wi-Fi-enabled mobility.

The Asia America Gateway (AAG) Selects Ciena to Upgrade Trans-Pacific Submarine Cable Network

The Asia America Gateway (AAG) consortium recently selected Ciena(R) for a 100G expansion to significantly enhance it's trans-Pacific cable network to address the growing demand for anywhere, anytime broadband access. Ciena's converged packet optical solutions will add multi-terabit data capacity, and enable AAG's network to reliably meet the demands of on-demand data networking services and traffic growth driven by mobile applications, high-definition video and cloud computing.

Ciena Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Ciena Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported total revenue was $603,562,000 compared to $538,356,000 for the same period a year ago. Income from operations was $37,002,000 compared to $14,831,000 for the same period a year ago. Income before income taxes was $19,166,000 compared to $692,000 for the same period a year ago. Net income was $16,160,000 or $0.15 per diluted share compared to net loss of $1,231,000 or $0.01 per diluted share for the same period a year ago. Adjusted (non-GAAP) net income was $40.9 million, or $0.32 per diluted common share, which compares to an adjusted (non-GAAP) net income of $26.2 million, or $0.23 per diluted common share, for the fiscal third quarter 2013. Cash flow from operations totaled $51.1 million. Adjusted (non-GAAP) income from operations was $61,228,000 compared to $44,290,000 for the same period a year ago. For the nine months, the company reported total revenue was $1,697,326,000 compared to $1,499,161,000 for the same period a year ago. Income from operations was $47,519,000 compared to loss from operations of $1,358,000 for the same period a year ago. Loss before income taxes was $268,000 compared to $69,104,000 for the same period a year ago. Net loss was $9,934,000 or $0.74 per diluted share compared to net loss of $75,634,000 or $0.09 per diluted share for the same period a year ago. Net cash provided by operating activities was $15,967,000 compared to $41,127,000 for the same period a year ago. Payments for equipment, furniture, fixtures and intellectual property was $35,974,000 compared to $31,884,000 for the same period a year ago. The company expected fiscal fourth quarter 2014 to be impacted by several significant variables that contribute to a broader range of potential outcomes for both revenue and gross margin than typically expected. For the quarter revenue expected to be in the range of $570 million to $610 million. Adjusted (non-GAAP) gross margin expected to be in the high 30s to low 40s percent range.

Openreach Strengthens Ethernet Access Direct Services with Ciena

Openreach, BT's local access network business, has selected Ciena's packet networking solutions to support the evolution of its Ethernet services.

Ciena Corporation to Report Q3, 2014 Results on Sep 04, 2014

Ciena Corporation announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Sep 04, 2014

 

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