We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Will Ciena's New 1.6 Tb/s Coherent Pluggable Solution Drive Top Line?
Read MoreHide Full Article
Ciena Corporation (CIEN - Free Report) is advancing technology with the launch of a 1.6 terabits-per-second (Tb/s) Coherent-Lite pluggable, designed to assist cloud and data center providers in managing anticipated increases in traffic from cloud services, machine learning and artificial intelligence (AI). The WaveLogic 6 Nano (WL6n) 1.6 Tb/s prototype will be featured at Ciena's booth (A14) during ECOC 2024.
Ciena enhances its offerings for high-performance data center fabrics and campus applications with the introduction of the WaveLogic 6 Nano as both 1.6 Tb/s and 800G coherent pluggable solutions. Powered by a 3nm coherent application-specific integrated circuit (ASIC), the WL6n enables the 1.6 Tb/s Coherent-Lite option to utilize dual 800G data paths on a single Digital Signal Processor chip. This Coherent-Lite design optimizes power and latency, making it ideal for shorter-range data center needs.
Ciena highlighted that its 1.6 Tb/s coherent pluggable solution, driven by cutting-edge 3nm CMOS technology, introduces unprecedented scale and flexibility in data center design. The company plans to release the WL6n Coherent ASIC for electro-optic integration by the end of the year.
Ciena’s WaveLogic 6 Technology Gaining Traction
Ciena’s performance is driven by strengthening demand for bandwidth owing to rapid cloud adoption and the proliferation of AI technology use cases. As the industry's first 1.6 Tb/s coherent optic solution, its WaveLogic 6 Extreme introduces cutting-edge capabilities for optical transport.
In August 2024, Ciena and Arelion achieved a milestone with the world’s first 1.6 Tb/s wavelength data transmission in a live network field trial. Utilizing Ciena’s advanced WaveLogic 6 Extreme (WL6e), this achievement took place over Arelion’s 470km route connecting its Ashburn, VA (Equinix) and Telxius’ Virginia Beach cable landing station.
In January 2024, Ciena's WaveLogic 6 Extreme (WL6e) was employed by Southern Cross, an independent capacity provider in Australasia, to improve its SX NEXT expansion from Sydney to Los Angeles. This technology facilitated 800 Gb/s wavelengths across a 12,500 km network, delivering reliable, energy-efficient, high-bandwidth connections for services, including the recently launched 400GbE offerings.
WaveLogic 6 Extreme is picking up pace, and the company expects to witness top-line growth in the fiscal fourth quarter on increased adoption. So far, it has secured orders from 23 customers for WaveLogic 6 Extreme. This enhancement of WL6e technology is further expected to generate incremental revenues for CIEN in the near future, likely propelling the stock upward.
CIEN’s Zacks Rank & Stock Price Performance
CIEN currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 30.9% in the past year compared with the sub-industry's growth of 30.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Seagate Technology Holdings plc (STX - Free Report) , ANSYS, Inc. (ANSS - Free Report) and American Software, Inc. . STX presently sports a Zacks Rank #1 (Strong Buy), whereas ANSS & AMSWA carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate Technology delivered an earnings surprise of 80.9%, on average, in three of the trailing four quarters. In the last reported quarter, STX pulled off an earnings surprise of 40%. The Zacks Consensus Estimate for STX has increased 18% to $7.41 in the past 60 days.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
American Software delivered an earnings surprise of 84.5%, on average, in the trailing four quarters. In the last reported quarter, AMSWA pulled off an earnings surprise of 71.4%. The Zacks Consensus Estimate for AMSWA has increased 8.6% to 38 cents in the past 60 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Will Ciena's New 1.6 Tb/s Coherent Pluggable Solution Drive Top Line?
Ciena Corporation (CIEN - Free Report) is advancing technology with the launch of a 1.6 terabits-per-second (Tb/s) Coherent-Lite pluggable, designed to assist cloud and data center providers in managing anticipated increases in traffic from cloud services, machine learning and artificial intelligence (AI). The WaveLogic 6 Nano (WL6n) 1.6 Tb/s prototype will be featured at Ciena's booth (A14) during ECOC 2024.
Ciena enhances its offerings for high-performance data center fabrics and campus applications with the introduction of the WaveLogic 6 Nano as both 1.6 Tb/s and 800G coherent pluggable solutions. Powered by a 3nm coherent application-specific integrated circuit (ASIC), the WL6n enables the 1.6 Tb/s Coherent-Lite option to utilize dual 800G data paths on a single Digital Signal Processor chip. This Coherent-Lite design optimizes power and latency, making it ideal for shorter-range data center needs.
Ciena highlighted that its 1.6 Tb/s coherent pluggable solution, driven by cutting-edge 3nm CMOS technology, introduces unprecedented scale and flexibility in data center design. The company plans to release the WL6n Coherent ASIC for electro-optic integration by the end of the year.
Ciena’s WaveLogic 6 Technology Gaining Traction
Ciena’s performance is driven by strengthening demand for bandwidth owing to rapid cloud adoption and the proliferation of AI technology use cases. As the industry's first 1.6 Tb/s coherent optic solution, its WaveLogic 6 Extreme introduces cutting-edge capabilities for optical transport.
Ciena Corporation Price and Consensus
Ciena Corporation price-consensus-chart | Ciena Corporation Quote
In August 2024, Ciena and Arelion achieved a milestone with the world’s first 1.6 Tb/s wavelength data transmission in a live network field trial. Utilizing Ciena’s advanced WaveLogic 6 Extreme (WL6e), this achievement took place over Arelion’s 470km route connecting its Ashburn, VA (Equinix) and Telxius’ Virginia Beach cable landing station.
In January 2024, Ciena's WaveLogic 6 Extreme (WL6e) was employed by Southern Cross, an independent capacity provider in Australasia, to improve its SX NEXT expansion from Sydney to Los Angeles. This technology facilitated 800 Gb/s wavelengths across a 12,500 km network, delivering reliable, energy-efficient, high-bandwidth connections for services, including the recently launched 400GbE offerings.
WaveLogic 6 Extreme is picking up pace, and the company expects to witness top-line growth in the fiscal fourth quarter on increased adoption. So far, it has secured orders from 23 customers for WaveLogic 6 Extreme. This enhancement of WL6e technology is further expected to generate incremental revenues for CIEN in the near future, likely propelling the stock upward.
CIEN’s Zacks Rank & Stock Price Performance
CIEN currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 30.9% in the past year compared with the sub-industry's growth of 30.4%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the broader technology space are Seagate Technology Holdings plc (STX - Free Report) , ANSYS, Inc. (ANSS - Free Report) and American Software, Inc. . STX presently sports a Zacks Rank #1 (Strong Buy), whereas ANSS & AMSWA carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Seagate Technology delivered an earnings surprise of 80.9%, on average, in three of the trailing four quarters. In the last reported quarter, STX pulled off an earnings surprise of 40%. The Zacks Consensus Estimate for STX has increased 18% to $7.41 in the past 60 days.
ANSYS delivered an earnings surprise of 4.8%, on average, in three of the trailing four quarters. In the last reported quarter, ANSS pulled off an earnings surprise of 28.9%. It has a long-term earnings growth expectation of 6.4%.
American Software delivered an earnings surprise of 84.5%, on average, in the trailing four quarters. In the last reported quarter, AMSWA pulled off an earnings surprise of 71.4%. The Zacks Consensus Estimate for AMSWA has increased 8.6% to 38 cents in the past 60 days.