Ciena Corporation (CIEN) Sector
Information Technology

(Current) $76.10
2.14 (2.89%) Open Price: 0.00

 

Ciena Corporation traces its roots back to 1992 when engineer David R. Huber, alongside partners from Optelecom and Kevin Kimberlin, founded the company under the name HydraLite in Delaware, aiming to revolutionize fiber-optic communication through dense wavelength division multiplexing (DWDM). After securing venture funding and renaming itself Ciena in 1994, the company introduced its first commercial product, the MultiWave 1600 system, in 1996—enabling Sprint to dramatically boost capacity on its network by multiplexing dozens of optical wavelengths over a single fiber. The company went public in February 1997, then began consolidating its edge in the telecom sector by acquiring a series of optical-networking firms through the early 2000s, including Lightera, Omnia, Cyras, ONI, and the optical business of Nortel—solidifying its position in metro and long-haul optical transport.

 

Ciena’s product range today spans high-capacity hardware and software for network operators worldwide, including DWDM systems, packet-optical platforms, coherent pluggable optics, routers, and the Blue Planet automation suite. The company pioneered multiple firsts in the industry—such as the first coherent optical chipset (WaveLogic), the first 100G, 400G, 800G, and most recently 1.6T coherent transceivers —and it serves more than 1,600 customers, holding substantial market share in data center interconnect (DCI) and submarine cable. With over 2,200 patents, a global R&D presence, and more than 8,600 employees, Ciena supports operators across every region, enabling communications infrastructure with high efficiency and scalability .

 

Ciena is widely respected for its technological advances and ongoing innovation in optical networking. The introduction of 16-channel DWDM in 1996 and subsequent breakthroughs like the first intelligent optical core switch in 2001 helped reshape network architectures. Recent developments include the WaveLogic 6 chipsets and WaveLogic 6 Extreme, enabling 1.6 T coherent transmission, as well as the WaveRouter for seamless IP–optical convergence. Its Blue Planet automation platform reflects a shift toward software-defined networking, enabling service providers to harness AI and automation for sophisticated traffic management and operational control.

 

Recent initiatives highlight Ciena’s role in supporting the AI-driven network revolution. A 2023 agreement with Flex expands onshore manufacturing of pluggable optical line terminals (OLTs) and network units to support U.S. BEAD-funded broadband projects. In early 2025, Ciena released a global survey underscoring accelerating demand for DCI bandwidth, forecasting a sixfold increase in AI-driven interconnect needs over five years and drawing attention to pluggable optics for power- and space-efficient scaling. Partnerships like that with Lumen demonstrate real-world deployment of WaveLogic 6 Extreme to support AI workloads with ultra-high bitmap capacity. With momentum building around AI, cloud scale, and programmable networks, Ciena remains firmly at the forefront of high-speed connectivity infrastructure.

 



 

 

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(06/24/25) $73.96
(06/24/25) (Qty.)2,061,289
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() $1,000,000,000.00
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