Ciena Corporation (CIEN - Free Report) has partnered with CoreSite Realty Corporation (COR - Free Report) to launch an enhanced Open Cloud Exchange platform.
The platform will utilize Ciena’s Blue Planet Multi-Domain Service Orchestrator (MDSO) and is expected to be fully operational in early July. It will provide CoreSite’s customers improved functionality with additional features such as support for single port connections to Microsoft Azure ExpressRoute, better capacity management capabilities and support for 100Gbps connections.
Multi-Domain Service Orchestration
Ciena’s Blue Planet solution provides software control and intelligent automation capabilities that will enable CoreSite’s network providers to adapt to the rapidly changing IT environments.
The Blue Planet platform combines MDSO, advanced analytics and software-defined networking in a common micro services-based architecture. It allows service providers to use deep knowledge about the network to power adaptive optimization of their services and operations. It facilitates the evolution to more efficient, modernized network operations and software-defined programmability to accelerate the delivery of on-demand services and reduce cost.
Ciena’s Blue Planet MDSO provides an open software layer that enables seamless service automation across mix of vendors and network layers, eliminating management silos and simplifying network operations. It leverages advanced software solutions to help accelerate service delivery and provide a best-in-class customer experience.
The platform helps rapid incorporation of new networking resources and brings innovative services to market. It also integrates Blue Planet MDSO with Blue Planet Analytics and Blue Planet Manage, Control and Plan to leverage the full capabilities of an intelligent and self-adapting network.
Ciena has been aggressively building its product portfolio. By expanding beyond its core optical networking expertise, the company has successfully been able to expand customer base and grow its addressable market.
During second-quarter fiscal 2018, Ciena inked a definitive agreement to acquire Packet Design. The buyout is likely to accelerate Ciena’s software strategy and contribute toward its long-term financial goal of growing Blue Planet and associated services business by approximately 14-16% annually over the next three years. The expansion of Blue Planet software business and network automation capabilities will provide the company competitive advantage and improve its profitability.
Share Price Performance
Over the past six months, shares of Ciena have outperformed the industry with an average return of 19.2% compared with 7.4% growth for the latter.
Zacks Rank and Stocks to Consider
Ciena currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the broader industry include Comtech Telecommunications Corp. (CMTL - Free Report) and Motorola Solutions, Inc. (MSI - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Comtech has a long-term earnings growth expectation of 5%. It beat earnings estimates in each of the trailing four quarters, the average being 123.7%.
Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.
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