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MarketScreener Homepage  >  Equities  >  Nyse  >  Ciena Corporation    CIEN

CIENA CORPORATION

(CIEN)
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Telstra, together with Ericsson and Ciena, increase transport network capacity by 400% per wavelength - Ciena

09/29/2020 | 10:55am EST

* The trio complete successful trials of 800G wavelengths in Telstra's network

Telstra, Ericsson (NASDAQ: ERIC) and Ciena (NYSE: CIEN) today announced the successful commercial launch of wavelength services based on 400G technology. This achievement significantly increases Telstra's network capacity whilst reducing power consumption, footprint and time to market for customers.

With this upgrade Telstra is now able to deliver 400G wavelengths in its optical transmission network and between data centres, providing for an enhanced customer experience. This upgrade responds to the unprecedented capacity requirements that have been seen during the COVID-19 pandemic, ensuring Telstra can quickly and efficiently scale the core network capacity to meet capacity uplifts, whilst preparing Telstra's network for the next generation of technology demands, including those from 5G, network slicing and edge compute.

The higher bandwidth services can now quickly be delivered with a single card, offering on-demand capacity, from 100G up to 400G. This upgrade increases Telstra's optical network capacity by 400% per wavelength, allowing Telstra to deliver high capacity services to its customers in a shorter period of time as well as the ability to quickly and efficiently scale the transmission network for future needs.

Telstra's transmission network. Building on this success, 700G per wavelength was also achieved between Melbourne and Sydney during that trial - a distance of greater than 1,000km.

"Telstra's network is geared for 5G, cloud computing, and applications like edge-computing, and this is a significant and fundamental upgrade to the hidden infrastructure that powers our business across Australia. By upgrading our optical transmission networks with 400G technology, Telstra will be able to cater for capacity demands of up to 400% of what was previously achievable. The upgrade enables us to rapidly deliver services to customers at scale without fibre builds, decreasing the time to market from weeks, to days" Chris Meissner, Transport, IP Core & Edge Engineering Telstra Executive, said.

Telstra's network is geared for 5G, cloud computing, and applications like edge-computing, and this is a significant and fundamental upgrade to the hidden infrastructure that powers our business across Australia. By upgrading our optical transmission networks with 400G technology, Telstra will be able to cater for capacity demands of up to 400% of what was previously achievable. The upgrade enables us to rapidly deliver services to customers at scale without fibre builds, decreasing the time to market from weeks, to days

-- Chris Meissner, Transport, IP Core & Edge Engineering Telstra Executive

"This optical transmission upgrade is an important step in increasing capacity requirements to meet unprecedented capacity demands. This critical infrastructure capability forms the foundation of Telstra's current and future network requirements and ensures Telstra can achieve transmission cost efficiencies and scale to meet the traffic demands that come with media rich and next generation services including 5G and edge compute services. This latest industry milestone will ensure that Australia remains at the cutting-edge of telecommunications technology," Emilio Romeo, Head of Ericsson Australia and New Zealand said.

"The ability to offer 400G connectivity is critical to supporting Australians' digital-first lifestyle. Ciena's WaveLogic coherent optical technology coupled with a software-defined approach helps create an agile, flexible network that can dynamically adapt to changing customer needs," said Rick Seeto, Vice President & General Manager for Ciena Asia Pacific and Japan.

The ability to offer 400G connectivity is critical to supporting Australians' digital-first lifestyle. Ciena's WaveLogic coherent optical technology coupled with a software-defined approach helps create an agile, flexible network that can dynamically adapt to changing customer needs

-- Rick Seeto, Vice President & General Manager for Ciena Asia Pacific and Japan

Ericsson provides Ciena's WaveLogic Ai and WaveLogic 5 Extreme solutions to satisfy surging traffic requirements across Telstra's network along with associated local professional services for optical transmission.

About Telstra

Telstra is Australia's leading telecommunications and technology company, offering a full range of communications services and competing in all telecommunications markets. Our purpose is to build a connected future so everyone can thrive. For more information, please visit https://www.telstra.com.au

About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. For more information, please visit https://www.ericsson.com

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network(TM) in response to the constantly changing demands of their users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world's most agile networks with automation, openness and scale. For more information, please visit www.ciena.com

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
CIENA CORPORATION 0.79% 55.03 Delayed Quote.4.12%
ERICSSON AB 1.01% 98.28 Delayed Quote.-0.35%
TELSTRA CORPORATION LIMITED 0.95% 3.2 End-of-day quote.7.38%
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Financials (USD)
Sales 2021 3 579 M - -
Net income 2021 330 M - -
Net cash 2021 663 M - -
P/E ratio 2021 25,6x
Yield 2021 -
Capitalization 8 506 M 8 506 M -
EV / Sales 2021 2,19x
EV / Sales 2022 1,96x
Nbr of Employees 7 032
Free-Float 99,1%
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Technical analysis trends CIENA CORPORATION
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Mean consensus BUY
Number of Analysts 19
Average target price 56,50 $
Last Close Price 55,03 $
Spread / Highest target 19,9%
Spread / Average Target 2,67%
Spread / Lowest Target -27,3%
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Managers and Directors
NameTitle
Gary B. Smith President, Chief Executive Officer & Director
Patrick H. Nettles Executive Chairman
James E. Moylan Chief Financial Officer & Senior VP-Finance
Stephen B. Alexander Chief Technology Officer & Senior Vice President
Lawton Wehle Fitt Independent Director
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