Key Developments: Ciena Corp (CIEN.O)
20.38USD
18 Jun 2013
$0.28 (+1.39%)
$20.10
$20.05
$20.41
$19.99
3,207,890
3,954,719
$20.60
$11.95
Latest Key Developments (Source: Significant Developments)
Ciena Corp Issues Q3 2013 Revenue Guidance In Line With Analysts' Estimates
Ciena Corp announced that for third quarter of 2013, it expects revenue in the range of $515 to $545 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $519 million for third quarter of 2013. Full Article
XO Communications Selects Ciena Corp to Deliver Nationwide Digital Video Transport Solution
Ciena Corp announced that XO Communications will use Ciena`s Digital Video Transport solution to deliver native digital video transport services to media and entertainment customers across the XO nationwide network. Underpinned by XO Communications` coast-to-coast 100 Gbps network, Ciena`s solution will allow XO Communications to cost-effectively transport high-definition (HD) video content for its customers without affecting original quality. Full Article
Ciena Corp Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates
Ciena Corp announced that for second quarter of 2013, it expects revenue in the range of $465 to $495 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $482 million for second quarter of 2013. Full Article
Ciena Corp Reaffirms Q1 2013 Revenue Guidance
Ciena Corp announced that for the first quarter of 2013, it expects revenue of around $435 million to $460 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $449 million for first quarter of 2013. Full Article
Ciena Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Ciena Corp announced that for the first quarter of 2013, it expects revenue in the range of $435-$460 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $459 million for first quarter of 2013. Full Article
Reliance Globalcom Ltd Partners With Ciena Corp To Upgrade Flag Europe-Asia Submarine Cable Network-The Economic Times
The Economic Times reported that Reliance Globalcom Ltd is buying transmission gear based on dense wave division multiplexing (DWDM) technology from US-based Ciena Corp to upgrade its FLAG Europe Asia (FEA) submarine cable network. Full Article
Ciena Corp Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
Ciena Corp announced that for the fourth quarter of 2012, it expects revenue in the range of $455-$480 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $499 million for fourth quarter of 2012. Full Article
Israel`s Credit Card Company Selects CIENA Corporation For Metro Deployment
CIENA Corporation announced that the Company and its BizConnect Platinum partner Telrad, have been selected by Cal (Israel Credit Cards Ltd) to build a high-capacity, low-latency private optical network connecting its new data centre in Yehud to its main facilities in Giv`atayim. The metro network was recently installed in an aggressive timeframe and allows Cal to address business growth and local disaster recovery requirements, as well as avoid the need to utilize costly leased connectivity. As part of the data centre development project, Cal leased two dark fibre links between its sites to be used as active-active links, for which Ciena`s technology provides a very low latency solution. The migration and expansion project took place within an ambitious timeframe - Telrad and Ciena worked closely together to complete the deployment in only two weeks without any disruption to Cal`s existing services. The contract also includes a long-term service agreement. Ciena trained Cal`s Operations Group to efficiently manage the network, while Telrad`s local team is providing timely issue resolution and ongoing support through on-the-job training and a local call centre. Full Article
Sprint Upgrades Network With CIENA Corporation's 6500 Packet-Optical Platform
CIENA Corporation announced that Sprint is upgrading its optical backbone network with Ciena’s 6500 Packet-Optical Platform. The updated network, powered exclusively by Ciena, will enable Sprint to enhance transport network scalability, cost and performance. It will also enable Sprint to support growing demand for wireless and wireline high-speed data service offerings, reaching core network speeds of 40G and 100G with the ability to scale to 400G and beyond in the future. Full Article
CIENA Corporation Selected for LION2 Submarine Project in Africa-Business Wire
Business Wire reported that CIENA Corporation (Ciena) announced that its collaboration with the LION2 consortium on the inaugurated second phase of the LION (Lower Indian Ocean Network) submarine cable project in Africa. As part of the project, Ciena's optical switching solution helps deliver broadband connectivity on the route between Kenya and the island of Mayotte in the Mozambique Channel, Madagascar, Reunion and Mauritius. Full Article
Ciena expects strong demand from cloud, mobile computing
- Network equipment maker Ciena Corp said it expects strong growth in cloud computing and higher use of smartphones, and forecast stronger-than-expected revenue for the current quarter.
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