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Ciena's (CIEN) Solutions Used by MSAR to Boost Connectivity

Zacks Equity Research
·3-min read

Ciena Corporation’s CIEN 6500, WaveLogic 5 Extreme (WL5e) coherent optical solution and Manage, Control and Plan (MCP) domain controller are being used by MSA Resources Sdn Bhd (“MSAR”) to build the Digital Super Highway Network.

The Digital Super Highway Network will serve as a framework for future technologies like the Internet of Things, smart highways, 5G, etc.

Ciena Corporation Price and Consensus

Ciena Corporation Price and Consensus
Ciena Corporation Price and Consensus

Ciena Corporation price-consensus-chart | Ciena Corporation Quote

Ciena’s WL5e programmable 800G transponder platform will be deployed by MSAR with the help of CommVerge Solutions. It will attain a data transmission speed of 800Gb/s line rate and a total network capacity of 33.6Tb/s per fiber pair, per company estimates.

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Ciena’s MCP will provide analytical insights to enhance network performance and consumers’ digital experience.

The current integration will help MSAR to provide connectivity across long distances. It will further aid the company in solidifying its foundation to implement upcoming technologies like connecting key data centers and submarine cable landing stations.

Earlier, Ciena’s 6500 Packet-Optical Platforms with WL5e powered by WaveLogic Ai transponders and a 6500 flexible grid ROADM (reconfigurable optical add/drop multiplexers) line system were being used by Columbia-based telecommunications operator Media Commerce amid increasing bandwidth demand.

Prior to that, Ciena’s Reconfigurable Line System, WL5e and MCP domain controller were used by Colt Technology Services to deploy 800G technology in the L-band across a terrestrial network. This made Colt the first service provider to offer proven 100G/400G Wave services using industry-dominating coherent technology across both C+L bands, enabling double-data transport capacity provided by a single fiber pair.

CIEN is a leading provider of optical networking equipment, software and services. It is witnessing encouraging signs in the market that include improvements in customer spending and continues to benefit from increased network traffic, demand for bandwidth and adoption of cloud architectures.

In the last reported quarter, total revenues rose 13.8% year over year to $949.2 million, owing to strong demand trends. The pandemic-triggered macroeconomic woes and industry-wide supply-chain disruptions are concerns for Ciena.

Shares of the company have declined 23.7% compared with the industry’s decrease of 23.8%.

Zacks Rank & Stocks to Consider

CIEN carries a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks from the broader technology space are InterDigital IDCC, Vishay Intertechnology VSH and Avnet AVT. InterDigital and Avnet currently sport a Zacks Rank #1 (Strong Buy), whereas Vishay Intertechnology holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for InterDigital’s 2022 earnings is pegged at $3.28 per share, increasing 5.13% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.

InterDigital’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 141.13%. Shares of IDCC have declined 20.2% in the past year.

The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.

Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.96%. Shares of VSH have declined 17.1% in the past year.

The Zacks Consensus Estimate for Avnet’s fiscal 2022 earnings is pegged at $6.83 per share, rising 20.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 37.2%.

Avnet’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 21.22%. Shares of Avnet have grown 6.1% in the past year.


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