Wired News - Ciena to Buy Packet Design, LLC
Stock Monitor: Internet Initiative Japan Post Earnings Reporting
LONDON, UK / ACCESSWIRE / June 4, 2018 / If you want access to our free research report on Ciena Corp. (NYSE: CIEN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CIEN as the Company's latest news hit the wire. On May 31, 2018, the Company announced that it has signed a deal to acquire privately-held Packet Design, LLC, a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics. Financial details of the transaction remain undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for Internet Initiative Japan Inc. (NASDAQ: IIJI), which also belongs to the Technology sector as the Company Ciena. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/?symbol=IIJI
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ciena most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/?symbol=CIEN
The transaction is likely to close during Ciena's Q3 fiscal 2018 and is subject to customary closing conditions.
Acquisition will Help Accelerate Ciena's Blue Planet Software Strategy
The acquisition of Packet Design will help accelerate Ciena's Blue Planet software strategy by extending its intelligent automation capabilities beyond Layers 0-2 and into IP with critical new capabilities to help customers optimize service delivery and maximize network utilization. Specifically, the combination of the Blue Planet software platform and Packet Design's performance analytics and service path computation capabilities will form a unique, micro-services-based platform that delivers real-time analytics, optimization and orchestration capabilities to support the broadest range of closed-loop automation use cases across multi-layer, multi-vendor networks.
Addition of Packet Design will Enhance Ciena's Position
Commenting on the acquisition, Rick Hamilton, Senior Vice President of Global Software and Services at Ciena, stated that Blue Planet is already one of the premier brands in the network automation space.
Rick added that the addition of Packet Design will enhance the Company's position by enabling customers to realize networks that are more adaptive, capable of self-optimizing ,and self-healing for faster time-to-market for new services, more efficient and lower cost network operations, and the ability to deliver an overall better customer experience.
Ciena's Second Quarter Fiscal 2018 Financial Results
On May 31, 2018, the Company also reported Q2 FY18 financial results. In Q2 FY18, Ciena reported revenue of $730 million compared to $707.0 million for Q2 FY17. The Company's GAAP net income for Q2 FY18 was $13.9 million, or $0.09 per diluted common share, compared to a GAAP net income of $38.0 million, or $0.25 per diluted common share, for Q2 FY17. Ciena's adjusted (non-GAAP) net income for Q2 FY18 was $33.8 million, or $0.23 per diluted common share, compared to an adjusted (non-GAAP) net income of $48.2 million, or $0.30 per diluted common share, for Q2 FY17.
About Packet Design, LLC
Packet Design develops performance analytics technology solutions for network operators, enterprises, and government agencies. Its portfolio includes Route Explorer, an IP route and traffic analysis system designed for network engineers, architects, planners, and operators managing mission-critical enterprise and service provider networks.
Packet Design was founded in 2003 and is based in Palo Alto, California.
About Ciena Corp.
Founded in 1992 and headquartered in Hanover, Maryland, Ciena is a global manufacturer of communications network equipment and solutions, with expertise in Packet-Optical Transport, Packet-Optical Switching, Carrier Ethernet, and Network Support Services.
Stock Performance Snapshot
June 01, 2018 - At Friday's closing bell, Ciena's stock advanced 1.56%, ending the trading session at $23.41.
Volume traded for the day: 7.47 million shares, which was above the 3-month average volume of 3.59 million shares.
Stock performance in the previous six-month period – up 9.60%; and year-to-date - up 11.85%
After last Friday's close, Ciena's market cap was at $3.37 billion.
Price to Earnings (P/E) ratio was at 3.63.
The stock is part of the Technology sector, categorized under the Communication Equipment industry. This sector was up 1.8% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
