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MarketScreener Homepage  >  Equities  >  Nyse  >  Ciena Corporation    CIEN

CIENA CORPORATION

(CIEN)
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Ciena : SingAREN Builds Higher Speed, More Resilient Network with Ciena

10/26/2020 | 11:03am EST

Singapore Advanced Research and Education Network (SingAREN), a nonprofit network provider serving the research and higher education community, has deployed Ciena's (NYSE: CIEN) 6500 packet-optical platform to deliver reliable high-speed connectivity for data-intensive science and advanced computer network applications. The network upgrade advances SingAREN's mission to collaborate across Asia and the globe in research areas such as cancer genomics and precision medicine to improve how diseases are treated as well as atmospheric modeling to combat climate change.

Key Facts:

Powered by WaveLogicAi coherent optics, Ciena's 6500 directionless, flexible grid photonic line system is deployed in SingAREN to support dynamic re-routing of wavelengths as needed, along with Layer 0 control plane for self-healing capabilities. WaveLogic Ai doubles throughput speeds versus previous technology generations, and its programmability offers optimal capacity for any path across the network from 100G to 400G through 50G increments.

SingAREN is also leveraging Ciena's Manage, Control and Plan (MCP) domain controller to improve network visibility and expedite optical management and operations.

Together with Terrabit Networks, which designed and implemented the network, Ciena has transformed SingAREN's architecture to a mesh network that can more easily recover from fiber failures and provide uninterrupted services for research and education initiatives. Additionally, SingAREN benefits from a smaller footprint, reduced cost-per-bit and lower power consumption.

Executive Comments:

"Singapore is a regional hub that pushes the frontier of data-driven science and technology. It is mission critical that our network provides sufficient bandwidth and seamless connectivity to the research and education community. Ciena's industry-leading optical technology equips SingAREN with a network that can withstand connectivity demands as they emerge."

- Lawrence Wong, President, SingAREN

"Singapore is a regional hub that pushes the frontier of data-driven science and technology. It is mission critical that our network provides sufficient bandwidth and seamless connectivity to the research and education community. Ciena's industry-leading optical technology equips SingAREN with a network that can withstand connectivity demands as they emerge."

-Lawrence Wong, President, SingAREN

"Accessing knowledge is imperative to fostering innovation and discovering scientific solutions to overcome some of the greatest challenges of our society. With Ciena, SingAREN not only enables digital collaboration in Singapore, but also expands its footprint across borders with a flexible network that evolves to user demands."

- Dion Leung, Regional Managing Director for Asia, Ciena

"Accessing knowledge is imperative to fostering innovation and discovering scientific solutions to overcome some of the greatest challenges of our society. With Ciena, SingAREN not only enables digital collaboration in Singapore, but also expands its footprint across borders with a flexible network that evolves to user demands."

-Dion Leung, Regional Managing Director for Asia, Ciena

About SingAREN

Singapore Advanced Research and Education Network (SingAREN) is Singapore's national research and education network. It is the sole provider of local and international networks dedicated for serving the research and education (R&E) community in Singapore. SingAREN's members consist of the institutions of higher learning, research organizations, government, and network industry players.

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 end-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 updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Press Contacts:

Jamie Moody

Ciena Corporation

+1 (214) 995-8035

pr@ciena.com

Virginia Stratford

Ciena Corporation

+1 (410) 694-5761

pr@ciena.com

Investor Contacts:

Gregg Lampf

Ciena Corporation

(877) 243 6273

ir@ciena.com

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 3 530 M - -
Net income 2020 368 M - -
Net cash 2020 655 M - -
P/E ratio 2020 18,9x
Yield 2020 -
Capitalization 7 012 M 7 012 M -
EV / Sales 2020 1,80x
EV / Sales 2021 1,69x
Nbr of Employees 6 383
Free-Float 99,3%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 53,11 $
Last Close Price 45,44 $
Spread / Highest target 45,2%
Spread / Average Target 16,9%
Spread / Lowest Target -7,57%
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Managers
NameTitle
Gary B. Smith President, Chief Executive Officer & Director
Patrick H. Nettles Executive Chairman
James E. Moylan Chief Financial Officer & SVP-Finance
Stephen B. Alexander Chief Technology Officer & Senior Vice President
Lawton Wehle Fitt Independent Director
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