Ciena Corporation (CIEN)

Tradr to Launch Leveraged ETFs on CIEN, QNT, RMBS, TSEM & TTMIJune 26, 2026 8:00 AM
PR Newswire (US) Three semi stocks, a networking stalwart and a quantum computing name set to receive the Tradr treatmentNEW YORK, June 26, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, announced that it expects to launch five single stock leveraged ETFs on Wednesday, July 1. The Cboe-listed funds seek to deliver two times (200%) the daily performance of a specific underlying stock.Expected Tradr launches:Tradr 2X Long CIEN Daily ETF (Cboe: CIEX) – tracks Ciena Corporation (NYSE: CIEN)Tradr 2X Long QNT Daily ETF (Cboe: QNTU) – tracks Quantinuum Inc. (Nasdaq: QNT)Tradr 2X Long RMBS Daily ETF (Cboe: RMBX) – tracks Rambus Inc. (Nasdaq: RMBS)Tradr 2X Long TSEM Daily ETF (Cboe: TSEU) – tracks Tower Semiconductor Ltd. (Nasdaq: TSEM)Tradr 2X Long TTMI Daily ETF (Cboe: TTMX) – tracks TTM Technologies, Inc. (Nasdaq: TTMI)For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.IMPORTANT RISK INFORMATIONTradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000977 View original content to download multimedia:https://www.prnewswire.com/news-releases/tradr-to-launch-leveraged-etfs-on-cien-qnt-rmbs-tsem--ttmi-302811176.htmlSOURCE Tradr ETFs Original: Tradr to Launch Leveraged ETFs on CIEN, QNT, RMBS, TSEM & TTMI

Ciena Corporation Announces Closing of $2.875 billion of 0.00% Convertible Senior NotesJune 11, 2026 4:15 PM
Business Wire Lowers Ciena’s interest expense and immediately accretive to Earnings per Share Provides further operational and strategic flexibility Bond hedge and warrant structure raises effective conversion price to $1,000 per share Ciena® Corporation (NYSE: CIEN) (the “Company”), the global leader in high-speed connectivity, today announced that it has closed its previously announced private offering (the “Offering”) of $2.875 billion aggregate principal amount of 0.00% convertible senior notes due 2031 (the “Notes”), which includes $375 million aggregate principal amount of Notes issued in connection with the initial purchasers’ full exercise of their option (i.e. greenshoe execution). The Company utilized the net proceeds from the Offering to (i) execute convertible note hedge and warrant transactions, (ii) repurchase approximately 0.3 million shares of the Company’s common stock concurrently with the Offering, (iii) repay an approximately $1.14 billion term loan under its existing credit facility, and (iv) pay related fees and expenses. The Company intends to use the remainder of the net proceeds for investments to enhance supply chain capacity and general corporate purposes. “Our leadership position and strong performance have offered Ciena the opportunity to optimize its capital structure while providing strategic flexibility to meet historically strong demand. Investor demand for our convertible notes offering enabled us to secure highly favorable economic terms for Ciena, lower our overall interest expense and enhance our financial flexibility as we scale the business,” said Marc Graff, Ciena’s Chief Financial Officer. “Together with the convertible note hedge and warrant transactions, this structure meaningfully mitigates potential dilution while raising the effective conversion price to $1,000 per share of Ciena common stock.” Upon any conversions of Notes, the Company will pay up to the principal amount in cash, with any shares of Ciena common stock issued only to the extent the conversion value exceeds the principal amount. The Notes will be fully and unconditionally guaranteed, on a senior unsecured basis, by each wholly-owned domestic subsidiary of Ciena that currently or in the future guarantees its 4.00% senior notes due 2030 or any refinancing of such notes (the “guarantees”). The Notes and the guarantees were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). This release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes and the guarantees. Any offers of the Notes and the guarantees were made only by means of a private offering memorandum. The Notes, the guarantees, and any common stock issuable upon conversion have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements. About Ciena Ciena is the global leader in high-speed connectivity. We build the world’s most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. Note to Ciena Investors 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. These forward-looking statements include, among others, statements regarding the Offering and the use of proceeds therefrom. View source version on businesswire.com: https://www.businesswire.com/news/home/20260611825018/en/ Investor Contact:
Gregg Lampf
Ciena Corporation
+1 (410) 694-5700
ir@ciena.com Original: Ciena Corporation Announces Closing of $2.875 billion of 0.00% Convertible Senior Notes

Colt and Ciena Set New Benchmark With Fastest Ever Quantum-Safe Transatlantic Data TransmissionJune 10, 2026 4:00 AM
Business Wire New York-London trial demonstrates how ultra-high-speed data can remain protected from quantum threats across 6900km of digital infrastructure Colt Technology Services (Colt), the global digital infrastructure company, and Ciena (NYSE: CIEN), the global leader in high-speed connectivity, have completed one of the fastest quantum-safe data transmissions ever demonstrated and the fastest across a transatlantic route. The landmark trial successfully protected live data running across 6900km of Colt’s subsea and terrestrial network between New York and London with Ciena’s WaveLogic 6 Extreme (WL6e) encryption solution1. The trial proved that data can be securely transmitted at an 800Gb Ethernet (GbE) service rate - fast enough to move data-centre-scale volumes across the Atlantic in seconds - while remaining protected against growing quantum threats. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260610044038/en/ Businesses are moving now to protect their data from “harvest now, decrypt later” attacks, in which bad actors intercept and store data in transit waiting for future quantum computing capabilities to break through traditional data encryption methods to access it. This could be possible as early as 2030. According to research, 69% of organisations believe quantum computing poses a real risk to current encryption and 46% believe large portions of their data could be compromised2. The successful Colt and Ciena trial demonstrates that high-speed quantum-safe connectivity is ready to secure customer data reliably across continents, along one of the world’s busiest data corridors. The trial is the latest in a series of quantum-safe encryption trials led by Colt across transatlantic subsea networks and stands out due to its: Speed: 800GbE is still at the very early adoption stage as most deployed long-haul and subsea systems today run at 100GbE or 400GbE. The trial successfully showcased an 800GbE encrypted service across the Atlantic on one of the most popular routes in the world Security: Ciena’s WL6e 1.6T quantum-safe encryption solution on the Waveserver platform offers PQC algorithms enabling high-capacity secure connectivity that can function at extreme bandwidths over any distance3. Performance: the trial demonstrated outstanding optical performance, stability over subsea infrastructure and readiness to secure AI traffic demands Buddy Bayer, chief operating officer, Colt Technology Services said, “Quantum computing is redefining the security challenge for global connectivity. This trial marks a significant step forward in protecting the world’s data as it moves across continents. It proves that quantum-safe protection can be delivered at real-world scale. Colt’s infrastructure combines global reach, sustained investment and robust security, giving businesses, hyperscalers and neoscalers the confidence to grow. At the same time, Ciena’s quantum-safe solutions show how next-generation security can be embedded into high-speed networks, ensuring protection keeps pace with performance. Together, we’re helping customers protect critical data today while preparing for the quantum era, building future-ready networks that simply work, and are secure, scalable and ready to power the AI economy.” Dino DiPerna, senior vice president, Global Research and Development, Ciena said, “As network demand surges, operators are raising the security bar to stay ahead of the threat posed by quantum computers. This Colt-Ciena trial shows how post-quantum cryptography and proven high-performance optical encryption can play an important role in protecting high-speed services over real-world long-haul and submarine networks, helping secure critical in-flight data across any distance.” Following this and other successful optical network trials, Colt can offer quantum-safe services to meet a diverse range of customer needs. These include solutions based on Post-Quantum Cryptography (PQC), Quantum Key Distribution (QKD), Symmetric Key Infrastructure (SKI), and hybrid models, across both terrestrial and subsea networks. The solutions are ideal for organisations including: Enterprises seeking resilient and secure global connectivity and reducing compliance risk Global content providers, hyperscalers and neoscalers exploring quantum-safe integration Financial institutions and healthcare providers requiring robust protection for sensitive data in transit Government and defence organisations prioritising national security and compliance Colt and Ciena have a strong track record of collaborating to drive customer success. The latest trial follows an announcement in 2025 highlighting the rollout of a powerful new terabit network to support two hyperscaler customers/global content providers, and the completion of the world’s first 1.2 terabit per second wavelength transmission across the Atlantic Ocean, announced by Colt and Ciena in November 2024. Notes to Editors 1The solution uses National Institute of Standards and Technology (NIST)-compliant, commercially approved post-quantum cryptography (PQC) algorithms, which means it has been approved by a trusted global standards body as commercially viable. 2 DigiCert global enterprise study 3 The solution uses a new type of encryption designed to keep data secure against future quantum threats. ML-KEM (Module-Lattice-Based Key-Encapsulation Mechanism) is one of the first PQC methods to be officially standardised and approved by the National Institute of Standards and Technology (NIST) as FIPS 203. About Colt Technology Services We’re Colt. We own and operate exceptional digital infrastructure which powers the global AI economy, connects societies, builds communities and transforms lives. Thousands of colleagues in 65+ offices across Europe, Asia, and North America share a deep commitment to delivering an outstanding experience and making every interaction effortless for our customers. Customers and partners choose our award-winning fibre infrastructure, digital platforms and security solutions, delivered across a network that spans continents and crosses oceans. We’re Europe’s largest B2B operator: we connect 40+ countries, 32,000 enterprise buildings, 275+ points of presence, and 12 cable landing stations and we manage eight subsea cable systems. We also co-manage AS3356 - the most widely peered network in the world. Founded in London over 30 years ago, we’re privately funded and driven by values of fairness, inclusion and equity. We’re known for our urgent call for social and sustainable change and we're guided by our purpose in everything we do: creating effortless connections and extraordinary outcomes for our customers, communities and people. Be a part of our story: come on over to www.colt.net or join our amazing communities at LinkedIn, Instagram, TikTok, Facebook and YouTube. Media enquiry? Email us at pressqueries@colt.net. About Ciena Ciena is the global leader in high-speed connectivity. We build the world’s most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on LinkedIn or visit the Ciena website. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260610044038/en/ Elena Fuhrmann
Ciena Corporation
+1 (410) 694-5761
pr@ciena.com Original: Colt and Ciena Set New Benchmark With Fastest Ever Quantum-Safe Transatlantic Data Transmission

Ciena Corporation Announces Pricing of Upsized Convertible Senior NotesJune 8, 2026 10:45 PM
Business Wire Ciena® Corporation (NYSE: CIEN) (the “Company”), the global leader in high-speed connectivity, today announced that it has priced its private offering (the “Offering”) of $2.5 billion aggregate principal amount of 0.00% convertible senior notes due 2031 (the “Notes”). The Notes will be fully and unconditionally guaranteed, on a senior unsecured basis, by each wholly-owned domestic subsidiary of Ciena that currently or in the future guarantees its 4.00% senior notes due 2030 or any refinancing of such notes (the “guarantees”). The size of the Offering was increased from the previously announced $2.0 billion aggregate principal amount of Notes. The Company also granted to the initial purchasers of the Notes an option to purchase up to an additional $375.0 million aggregate principal amount of the Notes within a 13-day period beginning on, and including, the first date on which the Notes are issued. The Offering and the convertible note hedge and warrant transactions described below are expected to close on June 11, 2026, subject to customary closing conditions. The closing of the Offering is not contingent upon the closing of such convertible note hedge and warrant transactions. The Company intends to use (i) $100.0 million of the net proceeds from the Offering to pay the net cost of the convertible note hedge transactions described below (after such cost is partially offset by the proceeds of the Company’s entry into the warrant transactions described below) and (ii) approximately $140.0 million of the net proceeds to repurchase approximately 0.3 million shares of the Company’s common stock concurrently with the Offering in privately negotiated transactions effected with or through one of the initial purchasers or its affiliate, at a purchase price per share equal to the last reported sale price of $466.67 per share of the Company’s common stock on the New York Stock Exchange (“NYSE”) on June 8, 2026. The Company intends to use approximately $1.14 billion of the remaining net proceeds from the Offering to repay amounts outstanding under its term loan under its existing credit facility and pay related fees and expenses. The Company intends to use the remainder of the net proceeds for general corporate purposes, including investments to enhance supply chain capacity. The concurrent repurchases of shares of the Company’s common stock described above may result in the Company’s common stock trading at prices that are higher than would be the case in the absence of these repurchases, which may have resulted in a higher initial conversion price for the Notes. In addition, any repurchases of the Company’s common stock following the Offering could affect the trading price of the Notes and, if conducted during an observation period for the conversion of any Notes, could affect the number of shares and value of the consideration that is due upon such conversion. Potential hedging activity in connection with the convertible note hedge and warrant transactions described below may also affect the market price of the Company’s common stock or the Notes, holders’ ability to convert the Notes or the number of shares and value of the consideration to be received upon conversion of the Notes as described below. The Notes will be senior unsecured obligations of the Company. The Notes will not bear regular interest and the principal amount of the Notes will not accrete. The Notes will mature on September 15, 2031, unless earlier converted, redeemed or repurchased. The initial conversion rate for the Notes is 1.3393 shares of the Company’s common stock per $1,000 principal amount of Notes (equivalent to an initial conversion price of approximately $746.66 per share of the Company’s common stock), which represents a conversion premium of approximately 60.0% percent over the last reported sale price of $466.67 per share of the Company’s common stock on the NYSE on June 8, 2026. Prior to June 15, 2031, the Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The Company will satisfy any conversion by paying cash up to the aggregate principal amount of the Notes to be converted and by paying or delivering, as the case may be, cash, shares of the Company’s common stock or a combination of cash and shares of the Company’s common stock, at its election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the Notes being converted. The Company may not redeem the Notes prior to September 20, 2029, except in the event of a cleanup redemption (as defined below). The Notes will be redeemable, in whole or in part, at the Company’s option on or after September 20, 2029, upon the satisfaction of certain conditions and subject to certain limitations. In addition, the Notes will be redeemable at any time if the aggregate principal amount of the Notes that remains outstanding is less than 10% of the aggregate principal amount of the Notes initially issued in the Offering and certain other conditions are satisfied (a “cleanup redemption”). In connection with the pricing of the Notes, the Company has entered into convertible note hedge transactions with certain of the initial purchasers of the Notes or their respective affiliates and certain other financial institutions (the “option counterparties”). These transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the Notes, the same number of shares of the Company’s common stock that will initially underlie the Notes, and are expected generally to reduce any dilutive effect on the Company’s common stock of the Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, as the case may be. Concurrently with entry into the convertible note hedge transactions, the Company has also entered into warrant transactions with the option counterparties relating to the same number of shares of the Company’s common stock, subject to customary anti-dilution adjustments. The strike price of the warrant transactions will initially be $1,000.00 per share, which represents an approximate 114.3% premium to the last reported sale price of the Company’s common stock on the NYSE on June 8, 2026. The warrant transactions could separately have a dilutive effect on the Company’s common stock to the extent that the market price per share of the Company’s common stock exceeds the strike price of the warrants. If the initial purchasers exercise their option to purchase additional Notes, the Company expects to enter into additional convertible note hedge transactions and additional warrant transactions with the option counterparties. The Company has been advised by the option counterparties that, in connection with establishing their initial hedges of the convertible note hedge and warrant transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to the Company's common stock and/or purchase shares of the Company’s common stock concurrently with or shortly after the pricing of the Notes. This activity could increase (or reduce the size of any decrease in) the market price of the Company’s common stock and/or the Notes at that time. The option counterparties or their respective affiliates may also modify their hedge positions by entering into or unwinding various derivatives with respect to the Company’s common stock and/or purchasing or selling the Company’s common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to the maturity of the Notes (and are likely to do so in connection with any conversion of the Notes, any redemption of Notes, any repurchase of the Notes upon a fundamental change or any other repurchase of Notes if the Company elects to terminate a corresponding portion of the convertible note hedge transactions). This activity could also cause or avoid an increase or a decrease in the market price of the Company’s common stock and/or the Notes, which could affect the ability of holders to convert the Notes and, to the extent the activity occurs during any observation period related to a conversion of the Notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the Notes. The Notes and the guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). This release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes and the guarantees. Any offers of the Notes and the guarantees are being made only by means of a private offering memorandum. The Notes, the guarantees, and any common stock issuable upon conversion have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements. About Ciena Ciena is the global leader in high-speed connectivity. We build the world’s most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. Note to Ciena Investors 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. These forward-looking statements include, among others, statements regarding our ability to complete the Offering (including our intended use of proceeds), the concurrent share repurchases and the convertible note hedge and warrant transactions on favorable terms, if at all, and general market conditions which might affect the Offering, the concurrent share repurchases and the convertible note hedge and warrant transactions. View source version on businesswire.com: https://www.businesswire.com/news/home/20260608618202/en/ Investor Contact:
Gregg Lampf
Ciena Corporation
+1 (410) 694-5700
ir@ciena.com Original: Ciena Corporation Announces Pricing of Upsized Convertible Senior Notes

Ciena Delivers Strong Quarter and Raises Outlook Despite Share Price Decline (CIEN)June 4, 2026 10:09 AM
IH Market News Ciena Corporation (NYSE:CIEN) reported fiscal second-quarter results that exceeded Wall Street expectations on both earnings and revenue, while also lifting its full-year guidance. Despite the strong performance, the networking equipment provider’s shares fell 5.7% in premarket trading. The company credited its results to robust demand across its product portfolio and effective execution amid a complex supply chain environment. Earnings and Revenue Top Forecasts For the quarter, Ciena posted adjusted earnings per share of $1.64, outperforming analyst expectations of $1.46 by $0.18. Revenue rose to $1.57 billion, exceeding the consensus estimate of $1.50 billion and representing a 40% increase from $1.13 billion reported in the same period a year earlier. Management highlighted strong customer demand and continued momentum across key networking technologies as drivers of the growth. Company Raises Full-Year Revenue Forecast Looking ahead, Ciena issued third-quarter revenue guidance of between $1.575 billion and $1.675 billion. The midpoint of $1.625 billion sits comfortably above analysts’ expectations of $1.555 billion. The company also increased its fiscal 2026 revenue outlook, now forecasting annual revenue of $6.2 billion to $6.4 billion. The midpoint of $6.3 billion exceeds the current consensus estimate of $6.183 billion and implies year-over-year growth of approximately 32%. “Today’s results reflect the strength of our portfolio, the power of our business model, and disciplined execution in a dynamic supply environment,” said Gary Smith, president and CEO of Ciena. Profitability Improves Significantly Margins strengthened considerably during the quarter, reflecting both operational leverage and product mix improvements. Adjusted gross margin increased to 44.9%, compared with 41.0% in the prior-year period, while adjusted operating margin expanded to 19.5% from 8.2% a year earlier. Adjusted earnings per share surged 290% year-over-year from $0.42 in the fiscal second quarter of 2025. Optical Networking Leads Growth The company’s Optical Networking division remained its largest contributor, generating $1.1 billion in revenue, up from $773.6 million in the prior-year quarter. Meanwhile, revenue from Routing and Switching nearly doubled, rising to $174.2 million from $92.7 million a year earlier, highlighting strong demand across multiple networking segments. Positive Margin Outlook and Share Repurchases For the fiscal third quarter, Ciena expects adjusted gross margin of approximately 45% and adjusted operating margin in the range of 19% to 20%. The company also continued returning capital to shareholders, repurchasing approximately 0.2 million shares for $83.1 million during the quarter. Despite the earnings beat and improved outlook, investors appeared to take profits following the stock’s recent performance, resulting in weakness in premarket trading. Ciena Corporation stock price Original: Ciena Delivers Strong Quarter and Raises Outlook Despite Share Price Decline (CIEN)

Biznet Enhances Digital Infrastructure and Connectivity with CienaMay 25, 2026 9:00 AM
Business Wire Biznet, an integrated digital infrastructure company in Indonesia, has deployed Ciena’s (NYSE: CIEN) WaveLogic 5 Extreme (WL5e) on the international link of its submarine cable Biznet Nusantara Cable System-1 (BNCS-1), providing inter-island connectivity across Java, Sumatra and Bangka Islands. This upgrade aims to deliver 400G high-speed services, faster and more reliable internet connectivity, while also accelerating digitalization in Indonesia by enhancing the capacity of links connecting local and global networks. “In today’s increasingly hyper-connected world, Biznet continues to focus on creating innovative services, meet ever-changing bandwidth demands, and deliver an incredible customer digital experience,” said Adi Kusma, President Director, Biznet. “We have a long history working with Ciena, and its WaveLogic technology allows us to meet our commitment in providing faster and more reliable services for today’s digital era, while accelerating digital transformation in Indonesia,” he added. Ciena Services and Ciena partner Terrabit Networks are jointly supporting the design and deployment of Ciena’s 6500 powered by WL5e to drive seamless integration with other Biznet Fiber networks. Additionally, Biznet is using Ciena’s Navigator Network Control Suite to access advanced network control, planning, and automation capabilities, resulting in more efficient operations and faster provisioning. “Indonesia is a key connectivity hub in Southeast Asia and demand for high-capacity, low-latency connectivity continues to grow exponentially in the AI era,” said Alex Wong, Regional Managing Director, ASEAN, Ciena. “By upgrading the BNCS-1 submarine fiber optic network, Biznet can deliver faster internet services, improve spectral efficiency, and support long-term growth.” This initiative expands on Biznet’s earlier collaboration with Ciena to support its network expansion across Java, Bali, Sumatra, Batam, Bangka, Kalimantan, Sulawesi and Flores islands. Beyond increasing capacity on BNCS-1, this upgrade also improves capacity on the Batam–Singapore link, enabling better and higher international gateway capacity, faster access to global services, and delivers more stable and reliable connections for customers. “As we enter the AI era, internet connectivity goes beyond necessity, it is the core foundation for delivering faster, stable and seamless digital experiences. Therefore, our collaboration with Ciena in advancing network infrastructure and connectivity is a strategic move to ensure optimal service delivery,” Adi concluded. About Biznet Biznet is an integrated digital infrastructure company in Indonesia, providing Internet, Submarine Cable, Data Center, AI Center, Cloud and IPTV services. We have a strong commitment to build modern infrastructure to reduce the digital gap between Indonesia and other developing countries. Biznet has been operating thousands of KM state of the art Fiber Optic Network and the largest data center in Indonesia since 2000. For more information about the company, please visit www.biznetnetworks.com About Terrabit Networks Terrabit Networks is a regional telecommunications solutions provider headquartered in Singapore, delivering end-to-end network infrastructure and services across Southeast Asia. The company specializes in optical transport, IP networking, and data center interconnect solutions, supporting service providers and enterprises in building scalable and high-performance networks. With strong partnerships with leading global vendors and a team of certified engineers, Terrabit is committed to delivering reliable, cost-effective solutions to meet growing connectivity demands. For more information follow us on LinkedIn or visit terrabitnet.com. About Ciena Ciena is the global leader in high-speed connectivity. We build the world’s most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on LinkedIn or visit the Ciena website. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260525606158/en/ Press Contact:
Chua Wei Wei
Ciena Corporation
+65 9833 2654
pr @ReturntoSender-5799-8888
corporate_communication@biznetnetworks.com Investor Contact:
Gregg Lampf
Ciena Corporation
+1 (410) 694-5700
ir@ciena.com Original: Biznet Enhances Digital Infrastructure and Connectivity with Ciena

CORRECTING and REPLACING Cirion Launches Initial Phase of On-Demand NaaS Connectivity in Latin America with Ciena and CarmaMay 22, 2026 11:06 AM
Business Wire Cirion introduces a new on-demand enterprise connectivity option in Latin America, leveraging its own infrastructure across more than 20 countries. The network enables enterprises to activate, adjust, and scale services in a way similar to cloud consumption, positioning Cirion as one of the only regional operators competing in the global Network-as-a-Service (NaaS) market. Designed for the era of artificial intelligence, the solution combines automation, programmability, and a digital experience that transforms rigid networks into agile, scalable infrastructure capable of real-time self-configuration. Powered by Ciena’s optical technology, coordinated through Carma’s network and digital infrastructure platform, and enabled through self-management via a web-based portal, Cirion delivers programmable optical connectivity with near real-time provisioning, monitoring, and service management. Please replace the release dated May 20, 2026, with the following corrected version due to multiple revisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520180565/en/ The updated release reads:  CIRION LAUNCHES INITIAL PHASE OF ON-DEMAND NAAS CONNECTIVITY IN LATIN AMERICA WITH CIENA AND CARMA Cirion introduces a new on-demand enterprise connectivity option in Latin America, leveraging its own infrastructure across more than 20 countries. The network enables enterprises to activate, adjust, and scale services in a way similar to cloud consumption, positioning Cirion as one of the only regional operators competing in the global Network-as-a-Service (NaaS) market. Designed for the era of artificial intelligence, the solution combines automation, programmability, and a digital experience that transforms rigid networks into agile, scalable infrastructure capable of real-time self-configuration. Powered by Ciena’s optical technology, coordinated through Carma’s network and digital infrastructure platform, and enabled through self-management via a web-based portal, Cirion delivers programmable optical connectivity with near real-time provisioning, monitoring, and service management. Cirion Technologies announced the launch of its Network-as-a-Service (NaaS) offering to transform enterprise connectivity across data centers, hybrid clouds, and artificial intelligence environments. In this initial phase, the solution will be available across a specific portion of Cirion’s network and its regional ecosystem of carrier-neutral data centers, supported by more than 105,000 kilometers of fiber optic infrastructure. This deployment marks the beginning of a continuous expansion of coverage and capabilities. The first phase of the deployment focuses on automated data center connectivity, enabling Cirion customers to order, configure, and activate high-capacity network services directly through the Cirion customer portal. The new capability streamlines the entire service lifecycle for enterprises—from order placement to provisioning—reducing delivery times from days or weeks to near real-time. The integration is seamless over customers’ existing network and security infrastructure, without the need to replace hardware or modify access or protection policies. In this early stage, NaaS is being deployed progressively across portions of Cirion’s network and data center ecosystem, enabling gradual adoption aligned with current security frameworks and facilitating uptake by IT teams. The solution incorporates self-service capabilities, operational visibility, and dynamic bandwidth management, bringing network connectivity closer to the flexible consumption model of the cloud. “With Ciena’s optical technology, routing and switching products, and automation software, Cirion is turning its network into a programmable platform—connectivity that can be activated and scaled like a cloud service, not a traditional engineering project,” said Fernando Capella, Regional Director for CALA South, Ciena. “Automation is essential to evolving static networks into dynamic ecosystems capable of responding quickly to new demands for capacity, cloud connectivity, and artificial intelligence. This is exactly what Latin America’s digital economy needs.” As part of the project, Carma developed and integrated API-based interfaces between Cirion’s digital service platform and Ciena’s Navigator Network Control Suite, enabling automated provisioning of wavelength services across Cirion’s extensive fiber and subsea footprint. Wavelength services are the first product enabled through the new NaaS framework, with additional transport and IP services scheduled to follow. The solution combines Ciena’s optical networking platforms (Waveserver, 6500 Reconfigurable Line System), routing and switching products (8110 and 8114 Coherent Aggregation Routers), and automation software (Navigator Network Control Suite) with an OSS/BSS layer that enables service orchestration, commercial management, billing, and a digital customer experience. This positions NaaS as an evolution from traditional connectivity toward a flexible, scalable consumption platform aligned with cloud, AI, and real-time enterprise operations. “Cirion is committed to delivering a highly efficient, automated digital experience for our customers,” said Paul Choiseul, Chief Technology and Information Officer, Cirion. “By combining Ciena’s robust routing & switching and optical transport infrastructure with Navigator Network Control Suite and Carma’s orchestration capabilities, we have built a seamless end-to-end automated Network-as-a-Service platform. This enables us to accelerate service delivery, simplify network operations, and provide unprecedented agility and on-demand connectivity for customers across the region.” The integration allows Cirion to dynamically allocate optical resources, validate service feasibility, and activate customer circuits without manual intervention—a key requirement for hyperscalers, cloud providers, and enterprises seeking flexible, consumption-based connectivity models. “We’re proud to support Cirion as they transform their network into a fully automated, service-on-demand platform,” said Frank McDermott, Chief Executive Officer, Carma. “By connecting Cirion’s portal to Ciena’s Navigator Network Control Suite through modern APIs, we’ve created a scalable foundation that will support rapid product expansion and future NaaS innovation.” The Latin American cloud market is expected to grow from US$63 billion in 2025 to US$125 billion in 2030, yet the connectivity linking enterprises to that cloud continues to operate under decades-old models—fixed circuits, changes that take weeks, and capacity that does not adapt dynamically to demand. NaaS closes this gap by applying to networks the same principles that made cloud successful: elasticity, automation, and pay-as-you-use. The urgency is driven by Agentic AI. This next generation of artificial intelligence operates through autonomous agents communicating across different data centers and cloud environments. An agent in Bogotá interacting with another in São Paulo requires a circuit that can be established instantly and released once the task is complete—something static networks cannot provide. Cirion’s NaaS, powered by Ciena, transforms the network into an intelligent platform capable of responding in real time. Cirion delivers an on-demand service built on its own infrastructure, with regional coverage, rapid activation, and end-to-end management, without the need to rely on third-party networks or manual processes for changes and upgrades. This includes performance monitoring, usage metrics, API-driven operations, and a more transparent experience for enterprise customers. Cirion will showcase this innovation at ITW 2026, demonstrating how enterprises can interact with its NaaS ecosystem and experience first-hand a new generation of on-demand enterprise connectivity for Latin America. About Cirion Cirion is a leading digital infrastructure and connectivity provider in Latin America, serving more than 6,200 enterprise, government, hyperscaler, carrier, and datacenter customers across the region. With over 105,000 km of fiber, the region's leading high-capacity datacenter connectivity for datacenter operators, and 24x7x365 managed services across seven countries, Cirion empowers organizations throughout Latin America to accelerate their digital transformation. For more information, visit www.ciriontechnologies.com. About Carma, Inc. Carma, Inc. is the leading Network and Digital Infrastructure platform across the data center and telecommunications industry. Carma’s industry-focused solution aggregates over two dozen functions into one system, making it the foundational AI platform for the industry—from hyperscale data centers, edge data centers, fiber networks, subsea, towers, and more. Founded in 2016, Carma has grown to have a global reach with headquarters in Denver, CO. To learn more about Carma, please visit carma.net or follow us on LinkedIn. About Ciena Ciena is the global leader in high-speed connectivity. We build the world’s most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on LinkedIn or visit the Ciena website. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260520180565/en/ Press Contacts:
Marcelo Pineda Arango
Cirion Technologies
+57 317 8283922
press @NOREG-3681
sydney.lauro@carma.net Elena Fuhrmann
Ciena Corporation
+1 (410) 694-5761
pr@ciena.com Original: CORRECTING and REPLACING Cirion Launches Initial Phase of On-Demand NaaS Connectivity in Latin America with Ciena and Carma

Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026May 6, 2026 9:25 AM
PR Newswire (Canada) Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, May 6, 2026 /CNW/ -- Equity-Insider.com News Commentary — The post-quantum cryptography market hit $850 million in 2024 and is on track to top $10 billion by 2032, growing at a 38% compound annual rate[1]. That kind of capital is pouring in for one reason: quantum computers are expected to break the encryption protecting most sensitive data today, and the migration window is shrinking fast. The White House's March 2026 Cyber Strategy made the timeline official, designating post-quantum cryptography as a federal infrastructure priority alongside zero trust and cloud security[2]. Six companies are now positioned across the full migration stack, from enterprise readiness platforms to quantum-secured communications and identity verification: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Okta (NASDAQ: OKTA), Kyndryl (NYSE: KD), Quantum Computing (NASDAQ: QUBT), and Ciena (NYSE: CIEN). Analysts at MarketGenics project the broader sector will scale from $1 billion in 2025 to $45 billion by 2035, a 43% compound annual growth rate driven by the shift from pilot programs to full-scale enterprise deployment[3]. PwC's analysis of the federal strategy reinforces why: quantum-readiness roadmaps and crypto-agile infrastructure are becoming procurement prerequisites, which means the platforms that can actually execute a structured migration, not just flag the risk, are where the asymmetric value sits in this cycle[4].Quantum Secure Encryption (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) has released QPA v2, an enterprise platform designed to help organizations find exactly where their encryption is exposed to quantum computing and map out a plan to fix it before it becomes a problem.Quantum computers are expected to eventually break the encryption protecting most sensitive data today. Most large organizations already know this, but few have a practical way to act on it. QSE built QPA v2 to fill that gap. The platform walks teams through governance, budgets, and migration timelines using a step-by-step planning wizard. AI-powered modules score how prepared an organization's encryption actually is. Inventory tools scan software, hardware, and encryption infrastructure to flag what needs replacing. A centralized dashboard gives leadership a real-time view of risk and progress across the entire organization. QSE says the platform is already live with both current and prospective clients."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."QSE's public-sector traction is growing. The company recently landed its first municipal government pilot through MISA (Municipal Information Systems Association), a national network connecting Canadian municipalities with emerging technology. That municipality is now using QPA to identify which systems depend on encryption that quantum computers could eventually crack, and to start planning upgrades. QSE says conversations with additional municipalities are already underway.The commercial side has expanded just as fast. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors active and two more partnerships expected to close shortly. The company also joined CADSI (Canadian Association of Defence and Security Industries), opening new pathways into Canadian defence and public-sector procurement.QPA v2 connects to QSE's broader product suite, which includes quantum-resilient key infrastructure, the QAuth identity platform, and encrypted storage solutions. QSE is a Canadian post-quantum security company helping organizations protect sensitive data from the more powerful cyberattacks quantum computing is expected to enable, serving commercial, enterprise, and government clients ahead of a generational shift in encryption.CONTINUED… Read this and more on QSE at: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/Other industry developments and happenings in the market include:Okta (NASDAQ: OKTA) has unveiled a new blueprint for the secure agentic enterprise, addressing three critical questions organizations face in deploying AI agents: where agents exist, what they can connect to, and what actions they can take. Recent research cited in the announcement found that 88% of organizations report suspected or confirmed AI agent security incidents, yet only 22% treat AI agents as independent, identity-bearing entities."AI agents are evolving faster than any software before them, making traditional security models obsolete. Speed is now a given, but security is the differentiator," said Ric Smith, President of Products & Technology, Okta. "With this new blueprint, Okta is establishing the industry standard for the secure agentic enterprise. We enable companies to discover shadow agents, secure connection points, and maintain the ultimate 'kill switch' to protect their enterprise from evolving risks."To implement the framework, Okta is delivering Okta for AI Agents, a platform set for general availability on April 30, 2026, that discovers and registers known and unknown AI agents, standardizes agent access, and enables instant access revocation. The platform extends Okta's existing catalog of 8,200+ integrations to include dedicated support for AI agent platforms including Boomi, DataRobot, and Google Vertex AI.Kyndryl (NYSE: KD) released findings from its 2025-2026 Security and Networks Snapshot, revealing a significant gap between enterprise infrastructure investment and actual preparedness for converging modernization demands. Based on insights from 3,700 business and technology leaders across 21 countries, the report found that while 62% of organizations are investing in quantum technologies, only 4% of leaders view quantum as the most impactful near-term technology, and 25% of mission-critical networks, storage and servers are at end-of-service."Quantum threats, evolving data sovereignty rules and aging networks are not separate challenges; they are connected pressure points on the same system," said Paul Savill, Global Practice Leader, Cyber Security & Resiliency, Network & Edge, Kyndryl. "In the AI era, organizations engineered for agility, sovereignty awareness and quantum readiness will not only reduce risk, but also build the trust required to fuel innovation."The report also found that 84% of leaders say data sovereignty and repatriation regulations have grown more important in the past year, while only 37% believe their network infrastructure is ready for future risks. As enterprises face tightening regulatory environments and accelerating AI adoption, Kyndryl positions its advisory and managed services portfolio as central to closing the readiness gap at scale.Quantum Computing (NASDAQ: QUBT) and Ciena (NYSE: CIEN) jointly demonstrated next-generation quantum-secured communications at OFC 2026, showcasing a layered security architecture that integrates quantum key distribution, quantum authentication, and AES-256-GCM optical encryption. The solution addresses both current cybersecurity threats and future risks posed by quantum computers by combining optical-layer encryption with post-quantum cryptographic techniques."This collaboration demonstrates how quantum-secured communications can move from theory to deployment," said Pouya Dianat, Chief Revenue Officer of Quantum Computing. "By integrating our time-frequency entanglement-based QKD and quantum identity authentication technologies with Ciena's high-capacity optical encryption solution, we are delivering a layered security approach built for real-world networks."Quantum Computing's system features a time-frequency entanglement-based QKD architecture using telecom-band photons, and can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof, a hardware-based technology recognized with the 2023 Edison Patent Award. Following its February 2026 acquisition of Luminar Semiconductor, the company has expanded its manufacturing capabilities and product portfolio across photonics and optics components and systems."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future."Ciena's Waveserver platform anchors the demonstration, delivering optical AES-256-GCM encryption scaling to 1.6 Tb/s with support for NIST-certified post-quantum cryptography algorithms and ETSI-standard QKD interworking, positioning both companies at the forefront of enterprise quantum security deployment.FURTHER READING: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/CONTACT:
EQUITY INSIDER
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.kingsresearch.com/report/post-quantum-cryptography-market-3039 https://www.whitehouse.gov/wp-content/uploads/2026/03/president-trumps-cyber-strategy-for-america.pdf https://www.openpr.com/news/4433132/post-quantum-cryptography-market-poised-to-redefine-global https://www.pwc.com/us/en/services/consulting/cybersecurity-risk-regulatory/library/trump-cyber-strategy.html Logo - https://mma.prnewswire.com/media/2840019/5955974/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/industry-leaders-demonstrate-integrated-post-quantum-security-solutions-at-ofc-2026-302763984.html Original: Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026

The Race to Shield Global Infrastructure from the Coming Quantum ThreatMarch 19, 2026 11:39 AM
PR Newswire (US)

Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, March 19, 2026 /PRNewswire/ -- USANewsGroup.com News Commentary — Think of it as a "digital heist" happening in slow motion. Bad actors are currently grabbing encrypted data with the plan to unlock it once quantum computers go mainstream. It is no longer a theoretical "maybe" scenario; it is an active operational risk. The World Economic Forum recently warned that this "harvest-now-decrypt-later" strategy is already well underway[1]. For the people running our power grids and water systems, the clock is ticking because their heavy-duty tech takes years, not months, to update[2]. This massive structural shift is opening doors for Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Ciena (NYSE: CIEN), Quantum Computing Inc. (QCi) (NASDAQ:QUBT), Zscaler (NASDAQ: ZS), and Cloudflare (NYSE: NET), as they race to provide the cryptographic agility institutions now require.







This is quickly moving from a "good idea" to a strict compliance mandate across the board. Gartner expects post-quantum standards to become the law of the land for banks, hospitals, and utilities within this current cycle[3]. Industry leaders are now treating cryptographic agility as the must-have organizational capability for the next decade. As the deadline for a methodical migration gets tighter, the companies building quantum-resilient architecture at the network and data sovereignty levels are positioned for pivotal market relevance as the window for transition compresses.Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) announced its first municipal government post-quantum security pilot this week, a concrete step forward for the Vancouver-based company as it pushes deeper into public-sector contracts. The pilot is being conducted through QSE's membership in MISA (Municipal Information Systems Association), which connects municipal governments across Canada on technology evaluation initiatives.The participating municipality will use QSE's Quantum Preparedness Assessment (QPA) platform to map its cryptographic exposure and build a readiness framework for the coming shift to post-quantum security standards. In plain terms, that means figuring out which of its systems could be cracked by a powerful enough quantum computer in the future, and starting to plan how to fix that before it becomes an emergency."Our engagement with municipal governments reflects the growing recognition that post-quantum security planning must begin well before quantum computing capabilities reach maturity," said Ted Carefoot, CEO of QSE. "Municipal governments operate critical infrastructure and sensitive citizen data systems, making early evaluation of cryptographic risk an important step in preparing for the next generation of cybersecurity challenges."The company noted it is already in talks with additional municipalities exploring similar assessments.The municipal pilot fits into a broader commercial story. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors now active across its channel ecosystem and two more partnerships expected to close shortly. The company has also been building out its technology stack, adding expanded automation to the QPA platform for analyzing software, cryptographic, and hardware bills of materials, giving organizations a clearer picture of where their encryption vulnerabilities actually sit.On the identity side, QSE integrated its quantum-resistant entropy layer into QAuth, its authentication platform, strengthening how cryptographic keys are generated at the source level. The company also joined CADSI (Canadian Association of Defence and Security Industries) alongside its MISA membership, opening pathways into Canadian defence and public-sector procurement processes.QSE is a Canadian post-quantum security company building tools to help organizations protect their data not just from today's cyber threats, but from the more powerful attacks that quantum computing is expected to eventually make possible. Its platform covers migration readiness assessment, quantum-resilient key generation, identity and authentication, and encrypted storage architecture, targeting commercial, enterprise, and government clients preparing for a long-term shift in global cryptographic standards.CONTINUED… Read this and more on QSE at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/In other industry developments and happenings in the market include:Ciena (NYSE: CIEN) has partnered with Quantum Computing Inc. (NASDAQ:QUBT) to demonstrate next-generation quantum-secured communications at OFC 2026, integrating QCi's time-frequency entanglement-based quantum key distribution technology with Ciena's Waveserver optical encryption platform supporting AES-256-GCM encryption scaling up to 1.6 Tb/s. The live demonstration showcases a layered security architecture combining quantum key distribution, quantum authentication, and NIST-certified post-quantum cryptography algorithms designed to address both current threats and future risks from quantum computers running Shor's algorithm."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future."The demonstration leverages an ETSI-standard API for seamless third-party QKD system interworking, underscoring Ciena's strategy of enabling commercially deployable quantum security within existing network infrastructure. As the global leader in high-speed connectivity serving enterprise and carrier customers worldwide, Ciena is positioning its optical encryption capabilities as critical infrastructure for the quantum transition.Zscaler (NASDAQ: ZS) has significantly expanded its data sovereignty capabilities across its Zero Trust Exchange platform, introducing enhanced local control planes in new regions including a forthcoming Canadian deployment, building on its existing dedicated infrastructure in the US, Europe, and six logging-plane countries. The expansion features in-region SSL inspection and malware analysis ensuring sensitive data never leaves its jurisdiction, alongside a "Collect Once, Certify All" compliance framework that accelerates validation across GDPR, NIS2, and DoD IL5."The true measure of a security cloud isn't just global performance, but its ability to adapt to local realities," said Misha Kuperman, Chief Reliability Officer at Zscaler. "Effective data sovereignty requires customers to have verified authority over their data residency, telemetry and control data plane data. By separating control, data, and logging planes with a decentralized architecture, Zscaler enables customers to align with strict local sovereignty requirements while maintaining the resilience and availability needed for global business continuity."Operating across 160+ data centers globally, Zscaler owns and operates its own cloud infrastructure, eliminating single-point-of-failure risk while allowing major financial institutions to conduct live fire drills validating platform resilience. The sovereignty expansion reinforces Zscaler's competitive position as enterprises face increasingly complex cross-border compliance mandates in the AI era.Cloudflare (NYSE: NET) has published its inaugural 2026 Cloudflare Threat Report based on analysis of the approximately 230 billion threats its network blocks daily, revealing a fundamental shift in attack methodology as nation-state actors and cybercriminals increasingly favor credential-based infiltration over traditional intrusion techniques. Key findings document Chinese state-sponsored actors Salt Typhoon and Linen Typhoon targeting North American telecommunications infrastructure, North Korean operatives using AI-generated deepfakes to embed workers in corporate payrolls, and record-breaking DDoS attacks reaching 31.4 Tbps."Hackers thrive on the gaps left by fragmented, stale threat intelligence," said Matthew Prince, co-founder and CEO of Cloudflare. "By sharing this intelligence with the world, we're plugging the gaps and shifting the advantage back to the defenders."The report documents how AI is effectively erasing the technical barrier to entry for sophisticated attacks, with threat actors using large language models to map networks in real time and craft hyper-realistic social engineering campaigns. Cloudflare's Cloudforce One research unit, which leverages telemetry from a network protecting approximately 20% of the web, positions the company to translate this threat intelligence into platform enhancements across its connectivity cloud product suite.SOURCE: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/CONTACT:
USA NEWS GROUP 
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.weforum.org/stories/2026/02/quantum-security-question-leaders-cannot-ignore/https://bisi.org.uk/reports/assessing-quantums-risk-on-critical-infrastructurehttps://www.gartner.com/en/newsroom/press-releases/2026-02-05-gartner-identifies-the-top-cybersecurity-trends-for-2026Logo - https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg 



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Original: The Race to Shield Global Infrastructure from the Coming Quantum Threat

Quantum Computing Inc. and Ciena Demonstrate Next-Generation Quantum-Secured Communications with High-Speed Encryption using PQC and QKD at OFC 2026March 11, 2026 8:30 AM
PR Newswire (US)

HOBOKEN, N.J., March 11, 2026 /PRNewswire/ -- Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT) an innovative, quantum optics and integrated photonics technology company, and Ciena (Nasdaq: CIEN) today announced a joint demonstration of next-generation quantum secure communications at OFC 2026 in the Corporate Village Booth #5355. The live demonstration showcases a comprehensive security architecture integrating quantum key distribution, quantum authentication, classical authentication, and high-performance AES-256-GCM optical encryption.The solution is designed to address both current cybersecurity threats and future risks posed by quantum computers running Shor's algorithm by combining optical-layer encryption with quantum-secure and post-quantum cryptographic techniques."This collaboration demonstrates how quantum-secured communications can move from theory to deployment," said Pouya Dianat, Chief Revenue Officer of QCi. "By integrating our time-frequency entanglement-based QKD and quantum identity authentication technologies with Ciena's high-capacity optical encryption solution, we are delivering a layered security approach built for real-world networks."The demonstration showcases how Ciena's Waveserver platform protects critical data at scale with optical AES-256-GCM encryption scaling up to 1.6 Tb/s that supports NIST-certified post-quantum cryptography algorithms and seamless third-party QKD system interworking using an ETSI-standard API."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance,  to protect critical in-flight data today while preparing for the quantum future. Collaborating with QCi demonstrates how our commercially available optical encryption can be deployed in real-world network environments with QKD technology to quantum-secure communication channels against even the most advanced threats."QCi's system features a time-frequency entanglement-based QKD architecture using telecom-band photons for enhanced deployment stability. The solution can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof (QZEK-P), a hardware-based implementation of QCi's proprietary technology recognized with the 2023 Edison Patent Award.The demonstration will be held in the Corporate Village at Booth #5355 and will require prior approval for viewing.About Quantum Computing Inc.Quantum Computing Inc. (Nasdaq: QUBT) is an innovative, quantum optics and integrated photonics technology company that provides accessible and affordable quantum machines and foundry services for the production of photonic chips based on thin-film lithium niobate (TFLN). QCi's products are designed to operate at room temperature and low power at an affordable cost. The Company's portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.Through its acquisition of Luminar Semiconductor, Inc., in February, 2026, QCi accelerated its technology roadmap while expanding technical depth, manufacturing capabilities, and its product portfolio to photonics and optics components, subsystems, and systems. About CienaCiena is the global leader in high-speed connectivity. We build the world's most advanced networks to support exponential growth in bandwidth demand. By harnessing the power of our networking systems, interconnects, automation software, and services, Ciena revolutionizes data transmission and network management. With unparalleled expertise and innovation, we empower our customers, partners, and communities to thrive in the AI era. For updates on Ciena, follow us on?LinkedIn and?X, or visit the?Ciena Insights webpage and Ciena website.Company Contact:
John Nesbett/Zach Nevas
IMS Investor Relations
qci@imsinvestorrelations.comForward-Looking Statements This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements and forecasts, generally identified by terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "enhance,"  "intends," "goal," "objective," "seek," "attempt," "aim to," or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the ability of the integrated solution to address current and future cybersecurity and quantum threats, the performance of QCi's and Ciena's products as an integrated system, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.





View original content to download multimedia:https://www.prnewswire.com/news-releases/quantum-computing-inc-and-ciena-demonstrate-next-generation-quantum-secured-communications-with-high-speed-encryption-using-pqc-and-qkd-at-ofc-2026-302710416.htmlSOURCE Quantum Computing Inc.

Original: Quantum Computing Inc. and Ciena Demonstrate Next-Generation Quantum-Secured Communications with High-Speed Encryption using PQC and QKD at OFC 2026

Too bad the Ciena 800G pluggable has been problematic. Delays continue. There is a major redesign and requal effort. Hopefully, they can get it right eventually.

CIEN

CIEN, reports 10Q Thursday 09/04

Rather ugly financials from CIEN. With EPS around $2.50 per share per year (optimistic non-GAAP numbers), and growth slowing, earnings actually going down from prior year (in reality), one would expect a P/E of 15 of so.
This would put a reasonably optimistic stock price for CIEN at $38 per share.
So CIEN looks quite a bit overvalued at this point. I would wait for it to drop another 40% from these current, near-peak, overvalued levels.

CIEN, new 52/week high

CIEN, 10Q due DEC 12

CIEN new 52 week high

CIEN new 52 week high

Company now playing around with the green agenda BS …..while I hold shares and have made nothing but money here selling puts, my gut tells me it’s time to hang up the long spurs! Black rock must have sent throttled down the old cash pipeline!

No way earnings makes a company go up 20% #smoke

Stock is all hyped up not so bright road ahead!

News: $CIEN Ciena Reports Fiscal Second Quarter 2019 Financial Results

Ciena ® Corporation (NYSE: CIEN), a networking systems, services and software company, today announced unaudited financial results for its fiscal second quarter ended April 30, 2019. Q2 Revenue : $865.0 million, increasing 18.5% year over year Q2 Net Income per Share...

Got this from https://marketwirenews.com/news-releases/ciena-reports-fiscal-second-quarter-2019-financial-results-8309644.html

Nice earnings today. In for some in the big portfolio.

3/9: Ciena maintained at BUY by Citigroup. And maintained at equal-weight by Morgan Stanley. (Dow Jones)

Ciena Corp (NYSE:CIEN) Tanks After Earnings, Watch This Level

Today, leading computer networking company, Ciena Corp (NYSE:CIEN), is tanking after reporting earnings. The stock is falling lower by nearly 5.0 percent to $20.24 a share. CIEN stock is now trading below its 50-day moving average, this puts the stock in a weak technical position. The monthly chart is now signaling further downside for the stock. Traders must now look at the $16.75 area as the next major chart support level. Very often, when a stock declines so sharply in a single trading day it will take time before it will be defended by the institutional money crowd. I will be keeping this stock on my watch list until the equity drops into this important support level.



Nicholas Santiago
InTheMoneyStocks

Benzinga's Top Upgrades, Downgrades For November 27, 2017
Lisa Levin , Benzinga Staff Writer

November 27, 2017 9:05am

Top Upgrades

Bank of America upgraded Ciena Corporation (CIEN 1.95%) from Neutral to Buy. Ciena shares gained 0.67 percent to close at $20.98 on Friday.
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CIEN

Insider James Moylan sold a few of his shares on 11/2.

Back in @ $21.15 following the fairly regular drop down. Hope it is the bottom. $21.13 is the lower BB.

CIEN

Sold at $22.30 for small profit. Been a long time and is bumping against the 50 DMA today when there is news and over-all market is up. Will re-enter.

CIEN

9/25 news: Still a BUY. Research firm Needham reiterated its BUY rating on the Company's stock with a a target price of $28 a share.

Back in CIEN @ $21.50.



CIEN

Short interest high, if numbers are good, this thing can pop. Worth the play into ER.

8/24/17 news: Price target $34 from Raymond James, up from $33.

CIEN ok team explanations here for the long clear voltaic in this space. Big smart money fills an coverings future footer intelegince.

CIEN buy option 24.385

buy 16 JUN 17 22 call for 2.88

just crossed above both ichimoku clouds









normal chart




log chart

IM IN CIEN FTW

CIEN valuation models imply big upside before earnings...

Valuation

Correction coming from the $23.70 high yesterday on barely than better earnings. Not sure why it was up 10% at one point.

This is a terrible company and stock. You should look at NPTN or INFN for better price appreciation.

I'm in, we should see a nice bounce Monday

$CIEN Ciena: The Risk/Reward Profile Is Attractive, Says William Blair http://www.smarteranalyst.com/2014/12/12/ciena-the-riskreward-profile-is-attractive-says-william-blair/

Ciena higher on vague M&A rumors

Aug 14 2014, 11:46 ET | About: Ciena Corporation (CIEN)

Ciena (CIEN +1.9%) is catching a bid following vague M&A chatter. The gains come even though Cisco just reported an 11% Y/Y drop in service provider orders for the July quarter, and stated it expects carrier demand to remain soft for several quarters.Ciena fell yesterday in response to JDS Uniphase's weak guidance and cautious CC commentary. Its FQ3 report is due on Sep. 4.
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CIEN

Big Call Buyer Pings Ciena Corporation (CIEN)

You know how much we love BIG call buys in tech companies. Well there was just a very large one seen in China based Ciena Corporation (CIEN) this morning.

Just a little while ago we saw a trader buy 5,076 September $19 calls. Most of those were bought at the ask. This makes for a transaction value in the area of $584,000, not too shabby. Especially when you consider that CIEN stock price was weak at the time.

Ciena Corporation (CIEN) is currently trading at $18.92 down 29 cents, on slightly higher volume than average. CIEN has a 52 week high of $27.93, and a low of $18.00 on the year. It’s traded 1.8 million shares already this morning by. It’s average daily volume is just 2.5 million. It would appear some kind of news is coming with a big buy like this, or it could be earnings data leakage.

Ciena_logo CIENCiena Corporation (CIEN)announces quarterly earnings on September 2, so clearly this could be one of those high risk, high reward earnings plays. These calls are now 1.11 to 1.16, last traded at $1.15, down 9 cents on the day.

We like this trade given it’s size, the nature of the business. We’re inclined to dip our toes in this one and join the inside money on this.

Twenty three analysts currently follow Ciena Corporation (CIEN). The average rating on CIEN is a “OVERWEIGHT” and the average price target is $28.67. Cienna Corp is currently not profitable, with analysts expecting a 28 cent per share profit for this quarter, and an annual profit of 96 cents.

You don’t want to bet the farm on this one as earnings plays can go either way, but a small position would seem justified here. There’s now been almost 6,000 of the Sept 19 calls traded so clearly some others are jumping on this bandwagon.

- See more at: http://californiaexaminer.net/2014/08/13/big-call-buyer-pings-ciena-corporation-cien/#sthash.L7b3wA2u.dpuf
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CIEN

Why A Short Covering Rally Might Come for Ciena (CIEN) Stock - Tale of the Tape

By Zacks.com, May 19, 2014, 09:36:15 AM EDT AAA

Many investors appear to be quite bearish on Ciena Corporation ( CIEN ) , especially if you look at the percentage of the float that is sold short for this stock. Currently, 21.51% of the float is sold short, suggesting an extreme level of bearishness for CIEN.

While investors might be piling up against this stock for any number of reasons, it is important to note that CIEN has seen some weakness as of late, as the security hasn't been able to get into positive territory over the past four weeks, losing 4.68% in the time frame.

Better Trading Ahead?

While the short interest and the recent performance are certainly troubling, there is reason to be optimistic on this stock. Recent earnings estimate activity has actually been quite positive as of late, even in the face of such widespread pessimism.

Thanks to these rising estimates, we actually have a Zacks Rank #2(Buy) on CIEN, so we clearly don't believe in the negativity surrounding this firm. After all, it is hard not to be at least a little optimistic on the short term when you consider that 1 estimate have moved higher in the past 60 days compared to none lower in the same time frame, while the consensus has also increased.

Given this, a short-covering rally is certainly in the cards for CIEN stock, especially if investors embrace the positive earnings estimate revision picture, suggesting that CIEN could definitely move higher in the weeks ahead.

Read more: http://www.nasdaq.com/article/why-a-short-covering-rally-might-come-for-ciena-cien-stock-tale-of-the-tape-cm354221#ixzz32BDc8rnK
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CIEN

CIEN

Ciena Given Average Recommendation of “Buy” by Brokerages

Posted by Wayne Rhoads on Apr 14th, 2014 // No Comments

Shares of Ciena (NASDAQ:CIEN) have received a consensus rating of “Buy” from the twenty-five ratings firms that are covering the stock, AnalystRatingsNetwork.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year pricetarget among brokerages that have issued ratings on the stock in the last year is $27.22.

In other Ciena news, Director Michael Rowny sold 8,571 shares of Ciena stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $23.46, for a total transaction of $201,075.66. Following the sale, the director now directly owns 54,743 shares in the company, valued at approximately $1,284,271. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on CIEN. Analysts at National Alliance Securities initiated coverage on shares of Ciena in a research note on Tuesday, April 8th. They set a “buy” rating and a $27.00 price target on the stock. Separately, analysts at RBC Capital downgraded shares of Ciena from an “outperform” rating to a “sector perform” rating in a research note on Friday, March 28th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ciena in a research note on Wednesday, March 12th. They now have a $24.00 price target on the stock.

Shares of Ciena (NASDAQ:CIEN) opened at 19.41 on Monday. Ciena has a 52-week low of $14.14 and a 52-week high of $27.94. The stock has a 50-day moving average of $23.28 and a 200-day moving average of $23.56. The company’s market cap is $2.039 billion.

Ciena (NASDAQ:CIEN) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $533.70 million for the quarter, compared to the consensus estimate of $533.75 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts expect that Ciena will post $0.89 EPS for the current fiscal year.

Ciena Corporation (NASDAQ:CIEN) is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic.
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http://zolmax.com/investing/ciena-given-average-recommendation-of-buy-by-brokerages-nasdaqcien/245402/

CIEN

MARCH 13, 2014
BY GREG QUINN

Ciena Corporation Posts Solid Quarter, Tempered Outlook
Despite a slightly tempered outlook, Ciena surprised the Street in the fiscal first quarter of 2014 with earnings per share $0.07 above consensus and $0.05 above our expectations. The EPS upside would have been even higher had it not been for $0.05 dilution from foreign-currency hedges in the other income line. Revenue was roughly in line with the Street but was guided $6 million below the Street at the midpoint because of seasonality and a back-end-loaded first quarter.

Despite the near-term softness, with several new projects underway—management calling out AT&T (T $32.13; Market Perform) and CenturyLink (CTL $31.19) commencing metro deployments and Ericsson (ERIC $13.05) and Vodafone (VOD $41.09) all part of the setup—Ciena looks well positioned for double-digit growth in 2014 and beyond, in our view. We remain encouraged by the continuing market transformation, characterized by capacity expansion from 10G to 100G and architectural changes resulting from a shift to OTN switching and converged packet optical technology, all of which are occurring with Ciena’s largest customers. In our view, there appears to be a long tail to this multiyear transition, which should lead to more sustainable and profitable company performance throughout 2014 and 2015.

With the April investor day the next catalyst, an increase in our fiscal 2015 estimates, and a relatively attractive valuation (1.2 times our calendar 2015 revenue estimate and 19 times projected EPS), we would add aggressively on any weakness in the stock. Given the early stages of the optical cycle, we believe it is reasonable to apply an 18- to 20-times P/E multiple on fully loaded calendar 2015 operating assumptions (10% operating margin), which yields roughly 25% expansion from current levels. We reiterate our Outperform rating.

Cutting second-quarter EPS to $0.12 (from $0.25)—on lower gross margin and higher operating-expense guidance—erases a large EPS beat in the first quarter; revenue is trimmed to $557 million (from $569 million). Our fiscal 2014 revenue estimate is unchanged at $2,305 million, while our EPS estimate falls to $0.87 from $0.93. Our fiscal 2015 revenue estimate goes to $2,600 (as we roll in about $50 million of Ericsson opportunity, and expect to add more as actual sales begin); our EPS estimate rises to $1.28 from $1.23. We introduced calendar 2015 estimates of $2,685 million (growth of 13% year-over-year) and $1.31.

Verizon came in close to a 10%-customer mark, and was the largest 100G contributor in the quarter. AT&T improved to 18.8% this quarter (from 16.5% in the fourth) and together with Verizon represented slightly more than 28% of Ciena’s sales in the quarter. This, in our view, should ease concerns of 100G long-haul saturation with Verizon and uncertainty about the commencement of a 100G long-haul project at AT&T. Management says both Verizon and AT&T will be up in 2014: Verizon’s 100G long-haul to be partly supplanted by 5400 switching and packet networking throughout the year, while AT&T upgrades its metro with Ciena’s coherent packet-optical technology as part of Project VIP (about 10% of the backbone covered to date, according to our checks). Moreover, metro is a much larger opportunity than long-haul.
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http://www.mkobserver.com/ciena-corporation-posts-solid-quarter-tempered-outlook/172379/

Looks like a good time to get back in Ciena:



CIEN

CIEN:

Still a lot of room above; all indicators except SAR are positive and it flips today/tomorrow:



CIEN