ciena corp (CIEN) Snapshot

Ciena Corporation announced that CANARIE has deployed Ciena's 6500 Packet-Optical Platform equipped with third generation WaveLogic Coherent Optical Processors to support the 100G (100 Gigabits per second) upgrade and network expansion of a route connecting Montreal and New York. The new ultra-high-speed network link will sustain the "big data" streams used in today's advanced academic and scientific research. For example, the 100G link can allow a full two hour HD movie to download in 4/10ths of a second. Given current increasingly data-intensive and global environment, it is vitally important that CANARIE work with cutting-edge equipment, such as that provided by Ciena, to support their bandwidth requirements.

Ciena Corporation reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2013. For the quarter, the company reported total revenue of $507,712,000 against $477,617,000 for the same period last year. Loss from operations was $10,580,000 against $11,463,000 for the same period last year. Loss before income taxes was $24,688,000 against $25,496,000 for the same period last year. Net loss was $27,079,000 or $0.27 per diluted share against $27,780,000 or $0.28 per diluted share for the same period last year. Adjusted non-GAAP income from operations was $18,603,000 against $16,309,000 a year ago. Adjusted non-GAAP net income was $2,231,000 against $3,742,000 a year ago. Adjusted non-GAAP diluted net income per common share was $0.02 against $0.04 a year ago. During the quarter, the company generated $45 million in cash from operations For the six months, the company reported total revenue of $960,805,000 against $894,302,000 for the same period last year. Loss from operations was $16,189,000 against $42,639,000 for the same period last year. Loss before income taxes was $69,796,000 against $71,129,000 for the same period last year. Net loss was $74,403,000 or $0.77 per diluted share against $75,433,000 or $0.73 per diluted share for the same period last year. Net cash used in operating activities was $869,000 against net cash provided by operating activities of $73,356,000 a year ago. Payments for equipment, furniture fixtures and intellectual property were $21,496,000 against $16,150,000 a year ago. The company provides earnings guidance for the third quarter of 2013. For the quarter, the company expects revenue in the range of $515 to $545 million and adjusted non-GAAP gross margin in the low 40% range and adjusted non-GAAP operating expense in the mid $190s million range.

Ciena(R) Corporation announced a series of pioneering trials over BT's UK optical core network infrastructure. The successful trials in March 2013 included the transmission of 100, 200, and 400G, as well as an '800G super-channel', the last of which equates to the simultaneous transmission of seven High Definition DVDs in a single second. Although transmission speeds have gone even higher in a laboratory environment, this milestone result was achieved over a deployed 410 km network link between BT's Adastral Park Research and Development Centre in Ipswich and the iconic BT Tower in Central London. BT and Ciena demonstrated support for Terabit-rate speeds over BT's core network with a series of 100, 200, 400, and 800G transmission trials using WaveLogic 3 transceivers - deploying both single and super-channel techniques. The trials were performed on a high Polarization Mode Dispersion (PMD) fibre link which was unsuitable for traditional 10G operation underlining the robustness of Ciena's coherent technology and its ability to be deployed in any environment.