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Ciena (CIEN) to Unveil WaveRouter to Support Rising Metro Traffic
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Ciena (CIEN - Free Report) has announced the launch of WaveRouter, which supports the company’s Coherent Routing strategy to meet the growing demand for bandwidth-intensive services. The services include high-speed broadband, 5G, cloud and enterprise business services by integrating intellectual property (IP), optical and compute functionality within a single platform.
The company’s WaveRouter platform architecture is particularly designed for the converged metro network. It also has the capacity to expand from 6Tb/s to 192Tb/s to tackle the rising traffic demands faced by service providers.
WaveRouter utilizes Ciena's WaveLogic coherent optics, multi-layer control and automation to create a flexible hybrid architecture that combines traditional chassis and leaf-spine design. The solution meets the increasing demands of metro networks while eliminating trade-offs in space, power, cooling and scalability, noted Ciena. It is designed to modernize metro networks and minimize operating costs while driving optimal network performance and growth.
WaveRouter also offers an integrated solution for managing IP and optical network services in a single interface and high-power transport at the lowest cost per bit with dynamic capacity starting at 400Gb/s and scaling to 1.6Tb/s, added the company. It has the ability to achieve sustainability goals with flexible deployment in non-adjacent racks and rows.
Additionally, WaveRouter offers an extensible switch fabric with greater performance and scalability as well as minimal operation degradation. It will be available in the third quarter of 2023, added the company.
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.
In February, the company unveiled WaveLogic 6, the latest generation of its WaveLogic technology, to tap the growing demand for increasing bandwidth and reducing energy usage to meet current and future network and business requirements.
Recently, the company reaffirmed guidance for the second quarter and fiscal 2023 that it provided with its last earnings report. The company also reiterated its outlook regarding the demand environment and the normalization of inventory and backlog aspects.
For second-quarter fiscal 2023, the company continues to expect revenues in the range of $1,035-$1,115 million. Adjusted gross margin is estimated to be low at 40%. Adjusted operating expenses are projected to be $335 million.
For fiscal 2023, the company continues to expect revenue growth in the range of 20-22%, rising from the earlier guided range of 16-18%.
CIEN currently carries a Zacks Rank #2 (Buy). Shares of the company have lost 8% compared with the sub-industry’s decline of 8.1% in the past year.
The Zacks Consensus Estimate for Arista Networks’ 2023 earnings has increased 11% in the past 60 days to $5.85 per share. The long-term earnings growth rate is anticipated to be 14.2%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. Shares of ANET have increased 25.7% in the past year.
The Zacks Consensus Estimate for Cadence’s 2023 earnings has increased 10% in the past 60 days to $4.97 per share. The long-term earnings growth rate is anticipated to be 19.1%.
Cadence’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 10.5%. Shares of CDNS have increased 35% in the past year.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings has increased 72.8% in the past 60 days to $1.40 per share.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of the company have declined 36.9% in the past year.
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Ciena (CIEN) to Unveil WaveRouter to Support Rising Metro Traffic
Ciena (CIEN - Free Report) has announced the launch of WaveRouter, which supports the company’s Coherent Routing strategy to meet the growing demand for bandwidth-intensive services. The services include high-speed broadband, 5G, cloud and enterprise business services by integrating intellectual property (IP), optical and compute functionality within a single platform.
The company’s WaveRouter platform architecture is particularly designed for the converged metro network. It also has the capacity to expand from 6Tb/s to 192Tb/s to tackle the rising traffic demands faced by service providers.
WaveRouter utilizes Ciena's WaveLogic coherent optics, multi-layer control and automation to create a flexible hybrid architecture that combines traditional chassis and leaf-spine design. The solution meets the increasing demands of metro networks while eliminating trade-offs in space, power, cooling and scalability, noted Ciena. It is designed to modernize metro networks and minimize operating costs while driving optimal network performance and growth.
Ciena Corporation Price and Consensus
Ciena Corporation price-consensus-chart | Ciena Corporation Quote
WaveRouter also offers an integrated solution for managing IP and optical network services in a single interface and high-power transport at the lowest cost per bit with dynamic capacity starting at 400Gb/s and scaling to 1.6Tb/s, added the company. It has the ability to achieve sustainability goals with flexible deployment in non-adjacent racks and rows.
Additionally, WaveRouter offers an extensible switch fabric with greater performance and scalability as well as minimal operation degradation. It will be available in the third quarter of 2023, added the company.
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.
In February, the company unveiled WaveLogic 6, the latest generation of its WaveLogic technology, to tap the growing demand for increasing bandwidth and reducing energy usage to meet current and future network and business requirements.
Recently, the company reaffirmed guidance for the second quarter and fiscal 2023 that it provided with its last earnings report. The company also reiterated its outlook regarding the demand environment and the normalization of inventory and backlog aspects.
For second-quarter fiscal 2023, the company continues to expect revenues in the range of $1,035-$1,115 million. Adjusted gross margin is estimated to be low at 40%. Adjusted operating expenses are projected to be $335 million.
For fiscal 2023, the company continues to expect revenue growth in the range of 20-22%, rising from the earlier guided range of 16-18%.
CIEN currently carries a Zacks Rank #2 (Buy). Shares of the company have lost 8% compared with the sub-industry’s decline of 8.1% in the past year.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks in the broader technology space are Arista Networks (ANET - Free Report) , Cadence Design Systems (CDNS - Free Report) and Pegasystems (PEGA - Free Report) , each presently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arista Networks’ 2023 earnings has increased 11% in the past 60 days to $5.85 per share. The long-term earnings growth rate is anticipated to be 14.2%.
Arista Networks’ earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 14.2%. Shares of ANET have increased 25.7% in the past year.
The Zacks Consensus Estimate for Cadence’s 2023 earnings has increased 10% in the past 60 days to $4.97 per share. The long-term earnings growth rate is anticipated to be 19.1%.
Cadence’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 10.5%. Shares of CDNS have increased 35% in the past year.
The Zacks Consensus Estimate for Pegasystems’ 2023 earnings has increased 72.8% in the past 60 days to $1.40 per share.
Pegasystems’ earnings beat the Zacks Consensus Estimate in two of the trailing four quarters, the average surprise being 11.2%. Shares of the company have declined 36.9% in the past year.