Ciena posts strong Q4, lands BT deal

Optical networking equipment vendor Ciena Corp reported fiscal fourth quarter earnings of $30.4 million, or about 30 cents per share, more than double its earnings for the same quarter last year. Revenue also was up 35% year-over-year, and Ciena beat most Wall Street estimates for the quarter. The vendor also announced it had landed a deal to supply Ethernet access gear for BT's 21st Century Network project. Ciena already provides BT with core transport equipment for the 21CN. The deal is a victory for Ciena's Ethernet access PEM partner ANDA Networks.

For more:
- see this earnings story and this deal report in Light Reading

Related articles:
- Ciena also did pretty well in the third quarter this year

Suggested Articles

The market for storage equipment certified by the Open Compute Project (OCP) is headed for a growth spurt, according to a report by IHS Markit.

Big Switch packed four hybrid cloud related products and features into one announcement on Wednesday to address the challenges of hybrid environments.

MEF announced on Wednesday the publication of its SD-WAN Service Attributes and Services standard (MEF 70).