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Ciena (CIEN - Free Report) has announced that its GeoMesh Extreme will be utilized by a wholesale telecommunications service provider - C&W Networks - to boost network connectivity.
Powered by Ciena’s 6500 Packet-Optical Platform and WaveLogic 5 Extreme coherent optics, C&W Networks will leverage GeoMesh Extreme to upgrade its CFX-1 (Colombia-Florida Express) and EWC (East West Cable) submarine cable networks to meet the increasing bandwidth needs.
The CFX-1 express cable stretches over 2,400 km, which connects the United States, Jamaica and Colombia, and provides its users with less than 25ms latency, and the EWC cable stretches over 1,700 km that links the British Virgin Islands, Jamaica and the Dominican Republic.
The CFX-1 express cable will be upgraded by C&W Networks to offer services with speeds between 100 GB/s and 400 GB/s, resulting in a 10-fold increase in capacity, per company reports.
Ciena is a leading provider of optical networking equipment, software and services. Increasing cloud adoption, rising demand for higher capacity and bandwidth and proliferation of edge applications drive demand for Ciena’s diversified product portfolio.
The company is witnessing strong momentum for its WaveLogic 5 Extreme solution. In the last reported quarter, the company added 14 new customers for its WaveLogic 5 Extreme solution.
In July 2022, Ciena’s Waveserver 5 platform, powered by WL5e coherent optics, was deployed by Brazil-based Alloha Fibra group’s subsidiary Mob Telecom (Mob). The Mob integrated Ciena’s platforms to provide bandwidth connectivity up to 800Gb/s per channel across several data centers and four cable landing stations in Fortaleza, Brazil.
Prior to that, Ciena’s 6500, WL5e coherent optical solution and Manage, Control and Plan (MCP) domain controller was leveraged by MSA Resources Sdn Bhd (“MSAR”) to build the Digital Super Highway Network. The integration helped MSAR to provide connectivity across long distances. It will help the company solidify its foundation to implement upcoming technologies like connecting key data centers and submarine cable landing stations.
However, lingering global supply chain disruptions, component shortages and related higher logistics costs are weighing down on revenue and margin performance. Owing to the prevailing supply-chain woes and global macroeconomic uncertainty, the company provided muted revenue outlook for the fiscal fourth quarter.
CIEN currently carries a Zacks Rank #5 (Strong Sell). Shares of the company have lost 22.7% compared with the industry’s decline of 21.2% in the past year.
The Zacks Consensus Estimate for Synopsys 2022 earnings is pegged at $8.84 per share, up 4.4% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.2%.
Synopsys earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 3%. Shares of SNPS have decreased 3.2% in the past year.
The Zacks Consensus Estimate for PSTG 2022 earnings is pegged at $1.18 per share, rising 24.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 35.5%.
Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 171.8%. Shares of PSTG have decreased 3.7% in the past year.
The Zacks Consensus Estimate for Arista Network’s 2022 earnings is pegged at $4.04 per share, increasing 10.1% in the past 60 days. The long-term earnings growth rate is anticipated to be 18.6%.
Arista Network’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.1%. Shares of ANET have increased 22.3% in the past year.
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Ciena's (CIEN) GeoMesh Extreme Powers C&W Networks' Upgrade
Ciena (CIEN - Free Report) has announced that its GeoMesh Extreme will be utilized by a wholesale telecommunications service provider - C&W Networks - to boost network connectivity.
Powered by Ciena’s 6500 Packet-Optical Platform and WaveLogic 5 Extreme coherent optics, C&W Networks will leverage GeoMesh Extreme to upgrade its CFX-1 (Colombia-Florida Express) and EWC (East West Cable) submarine cable networks to meet the increasing bandwidth needs.
The CFX-1 express cable stretches over 2,400 km, which connects the United States, Jamaica and Colombia, and provides its users with less than 25ms latency, and the EWC cable stretches over 1,700 km that links the British Virgin Islands, Jamaica and the Dominican Republic.
Ciena Corporation Price and Consensus
Ciena Corporation price-consensus-chart | Ciena Corporation Quote
The CFX-1 express cable will be upgraded by C&W Networks to offer services with speeds between 100 GB/s and 400 GB/s, resulting in a 10-fold increase in capacity, per company reports.
Ciena is a leading provider of optical networking equipment, software and services. Increasing cloud adoption, rising demand for higher capacity and bandwidth and proliferation of edge applications drive demand for Ciena’s diversified product portfolio.
The company is witnessing strong momentum for its WaveLogic 5 Extreme solution. In the last reported quarter, the company added 14 new customers for its WaveLogic 5 Extreme solution.
In July 2022, Ciena’s Waveserver 5 platform, powered by WL5e coherent optics, was deployed by Brazil-based Alloha Fibra group’s subsidiary Mob Telecom (Mob). The Mob integrated Ciena’s platforms to provide bandwidth connectivity up to 800Gb/s per channel across several data centers and four cable landing stations in Fortaleza, Brazil.
Prior to that, Ciena’s 6500, WL5e coherent optical solution and Manage, Control and Plan (MCP) domain controller was leveraged by MSA Resources Sdn Bhd (“MSAR”) to build the Digital Super Highway Network. The integration helped MSAR to provide connectivity across long distances. It will help the company solidify its foundation to implement upcoming technologies like connecting key data centers and submarine cable landing stations.
However, lingering global supply chain disruptions, component shortages and related higher logistics costs are weighing down on revenue and margin performance. Owing to the prevailing supply-chain woes and global macroeconomic uncertainty, the company provided muted revenue outlook for the fiscal fourth quarter.
CIEN currently carries a Zacks Rank #5 (Strong Sell). Shares of the company have lost 22.7% compared with the industry’s decline of 21.2% in the past year.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Synopsys (SNPS - Free Report) , Pure Storage (PSTG - Free Report) and Arista Networks (ANET - Free Report) . Arista Networks and Pure Storage currently sport a Zacks Rank #1 (Strong Buy), whereas Synopsys presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Synopsys 2022 earnings is pegged at $8.84 per share, up 4.4% in the past 60 days. The long-term earnings growth rate is anticipated to be 16.2%.
Synopsys earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 3%. Shares of SNPS have decreased 3.2% in the past year.
The Zacks Consensus Estimate for PSTG 2022 earnings is pegged at $1.18 per share, rising 24.2% in the past 60 days. The long-term earnings growth rate is anticipated to be 35.5%.
Pure Storage’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 171.8%. Shares of PSTG have decreased 3.7% in the past year.
The Zacks Consensus Estimate for Arista Network’s 2022 earnings is pegged at $4.04 per share, increasing 10.1% in the past 60 days. The long-term earnings growth rate is anticipated to be 18.6%.
Arista Network’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.1%. Shares of ANET have increased 22.3% in the past year.