Ciena

New for this quarter – WDM Pluggable Market Share

All three end customer markets grew worldwide, with worldwide cloud spending growing 64%

Analysis and opinion on 4Q25 company results.

In this update to our 1Q25 report, we cover the trends favoring pluggable optics as well as the companies positioned to benefit.

All three end customer markets grew worldwide, with worldwide cloud spending growing 64%

Analysis and opinion on 3Q25 company results.

All three end customer markets grew worldwide, with worldwide cloud spending growing 64%

Pluggable coherent is transforming optical transport, replacing embedded optics to and extending the benefits of pluggables to traditional optical transport hardware.

The Four Horseman of AI scaling: CPO, OCS, 1.6T, and 800ZR/Coherent Lite

This report initiates our coverage of Coherent Lite.

The market recovery accelerated in 2Q with Cloud & Colo spending rocketing 50%.

The worldwide optical transport market accelerated in 2Q as cloud and colo spending rocketed 50% worldwide.

Ciena hit record revenue with Cloud customers, while Service Provider sales slowly recovered.

The Optical and Routing markets show signs of recovery, and tariffs aren’t yet affecting business.

The Optical and Routing markets show signs of recovery, and tariffs aren’t yet affecting business.

A Focus on Line Systems and Components

Uncovering who uses which DSP, and which DSP vendors ship the most volume.

Ciena’s SP business is on the rebound, but where is the AI Cloud surge?

This first deployment uses an early release of Juniper’s JCO800 coherent optics in the PTX

Carrier caution has resulted in underinvestment, and networks are now running “hot” enough to require upgrades and expansion.