Ciena Corporation (NASDAQ:CIEN)

Ciena Corporation is a provider of equipment, software and service solutions that support the transport, switching, aggregation and management of voice, video and data traffic on communications networks.

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Ciena Corporation was incorporated in Delaware in November 1992, and completed its initial public offering on February 7, 1997. The Company is a provider of equipment, software and service solutions that support the transport, switching, aggregation and management of voice, video and data traffic on communications networks. The Company's four separate operating segments are Packet-Optical Transport, Packet-Optical Switching, Carrier Ethernet Solutions, and Software and Services. Its Packet-Optical Transport, Packet-Optical Switching and Carrier Ethernet Solutions products are deployed and used, individually or as part of an integrated solution, in communications networks operated by communications service providers, cable operators, governments, enterprises and other network operators around the globe. The Company is a network specialist focused on the modernization and transition of disparate, legacy network infrastructures to converged, next-generation architectures, optimized to handle a broader mix of high-bandwidth communications services. The Company's product portfolio consists of its Packet-Optical Transport, Packet-Optical Switching and Carrier Ethernet Solutions products that enable network operators to scale capacity and increase transmission speeds, transport and efficiently allocate network traffic, and deliver communication services to business and consumer end users. Its network solutions also include Ciena One software suite for unified network management and network planning and design, as well as a broad offering of advanced network consulting, design, implementation and support services. The Company sells its product and service solutions through its direct sales force and third party channel partners to end user network. Its service provider customers include AT&T, Bell Canada, BT, Cable & Wireless, CenturyLink, France Telecom, Korea Telecom, Sprint, Tata Communications, Telefonica, Telmex, Telus, Verizon and XO Communications. Its Cable Operators customers include Cogeco, Comcast, Cox, RCN, Rogers and Time Warner. The Company's competitors include Alcatel-Lucent, Cisco, Ericsson, Fujitsu, Huawei, Juniper Networks, Nokia Siemens Networks, Tellabs and ZTE. It also competes with several smaller, but established, companies that offer one or more products that compete directly or indirectly with its offering. These competitors include DVA, BTI, Infinera and Transmode. Its business and operations are subject to environmental laws in various jurisdictions around the world, including the Waste Electrical and Electronic Equipment (WEEE) and Restriction of the Use of Certain Hazardous Substances in Electrical and Electronic Equipment (RoHS) regulations adopted by the European Union.