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Tag: ciena
Ciena profit jumps but revenue falls
2015-09-03 14:47:10| Telecom - Topix.net
Telecom-equipment maker Ciena Corp. said profit in its latest quarter jumped, though revenue unexpectedly edged lower because of certain customers' network-implementation timing. Separately on Thursday, the company named Francois Locoh-Donou as its new chief operating officer, effective Nov. 1. Mr. Locoh-Donou joined Ciena in 2002 and most recently served as senior vice president of the global products group.
Tags: falls
profit
revenue
jumps
Ciena Closes Cyan Acquisition
2015-08-03 19:02:45| Telecom - Topix.net
Ciena Corporation , the network specialist, today announced the successful completion of its acquisition of Cyan, Inc., a leading provider of next-generation software and platforms to enable open, agile and scalable software-defined networks, pursuant to the terms of the acquisition agreement. "Ciena and Cyan make a great combination for our customers as they transform their networks with web-scale technologies to go beyond delivering capacity to create capabilities on demand," said Gary Smith, president and CEO, Ciena.
Tags: acquisition
closes
cyan
ciena
Juniper, Ciena Don't Fit Ericsson's Style
2015-05-31 22:42:03| Telecom - Topix.net
One deal can beget another. Hopes are high that Ericsson could be spurred on to significant deal making by Nokia's proposed takeover of Alcatel-Lucent.
Ciena strikes $400M deal for California networker Cyan
2015-05-04 20:05:42| Telecom - Topix.net
Ciena Corp. plans to buy a Petaluma, Calif.-based company in a $400 million deal, it announced Monday, scooping up a smaller public corporation as it seeks to get ahead of shifts in the computer networking industry. Ciena , the Hanover-based networking company, will acquire hardware and software maker Cyan Inc. in a cash and stock deal.
Tags: california
deal
strikes
cyan
Ciena to buy Cyan for USD 400 mln
2015-05-04 16:16:00| Telecompaper Headlines
(Telecompaper) Ciena has agreed to acquire Cyan for USD 400 million, or USD 335 million net of cash and including Cyan's outstanding convertible notes on an as-converted basis. Ciena said the addition of Cyan will accelerate the availability of a complete system for customers to deliver virtualised networks and services on-demand. The deal is expected to close in Ciena's fiscal fourth quarter. Ciena will assume Cyan's USD 50 million worth of 8.0 percent convertible senior secured notes due 2019. The transaction is subject to certain approvals. The boards of both companies have approved. Cyan also announced its first quarter results, saying revenues grew 89 percent year-on-year to USD 36.0 million. The net loss meanwhile widened to USD 52.9 million or USD 1.11 per share from a loss the year earlier of 15.0 million or USD 0.32 per share. The net loss includes a USD 41.3 million non-cash charge associated with its convertible debt, primarily the result of a 60 percent increase in the company's stock price during the quarter.
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