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Ciena (NYSE: CIEN) was down in the dumps late last year as a meaningful slowdown in orders amid the novel coronavirus pandemic had derailed the company's sales and earnings growth. The stock struggled as management pointed to uncertainty in the business environment due to a cautious spending approach adopted by service providers that negatively impacted the rollout of new networking infrastructure. The company's latest quarterly results (released on Sept. 2) and guidance indicate that the business environment has improved, and it may not be long before the stock regains its former glory.
Digital Promise and Ciena (NYSE:CIEN) are excited to announce the launch of the Ciena Solutions Challenge, a new global design challenge where educators around the world can submit student-led projects for funding and exhibition.