Ciena Corporation
CIEN
has announced the deployment of its WaveLogic 5 Extreme (WL5e) technology by Zayo Group Holdings, Inc. between Dublin, Ireland and Amsterdam, Netherlands.
Zayo Group is a privately-held company headquartered in Boulder, CO, with European headquarters in London. It provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure.
Zayo’s 126,000-mile network in North America and Europe includes metro connectivity to thousands of buildings and data centers. The deployment of Ciena’s WL5e will enable Zayo to support its customers by providing greater optical network capacity between these key markets.
Part of Ciena’s fifth generation coherent optical solutions, WL5e combines cutting-edge innovation to deliver fiber capacity with less equipment. With a programmable capacity from 200G to 800G, the solution provides a step-function improvement in scale and economics.
Zayo will now be able to deliver multi-terabit capacity across its pan-European network. Ciena’s market-leading technology supports higher transmission rates and lower cost per bit, resulting in improved network performance.
The demand drivers of Ciena’s business, including increased network traffic, demand for bandwidth and the adoption of cloud architectures, remain strong. The company has the largest optical R&D investment capacity in the industry, which enables it to deliver innovation with the best time to market.
Ciena is benefiting from diversification across customer segments and regions along with its technology leadership. The company has added several new products and capabilities to its 5G Network Solutions, aimed at reducing network complexity and fueling operators’ migration from 4G to 5G.
Ciena’s shares have returned 36.8% in the past year compared with 124.9% growth of the
industry
.
The stock currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader industry are
Aviat Networks
AVNW
,
Plantronics
PLT
and
Ubiquiti
UI
, each sporting a Zacks Rank #1 (Strong Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
Aviat Networks delivered a trailing four-quarter earnings surprise of 61.7%, on average.
Plantronics delivered a trailing four-quarter earnings surprise of 560.4%, on average.
Ubiquiti delivered a trailing four-quarter earnings surprise of 37.1%, on average.
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