Ciena Corporation (NASDAQ:CIEN) shares surged by 10.19%


Dallas, Texas 07/12/2013 (Financialstrend) – Ciena Corporation (NASDAQ:CIEN), the network specialist, announced that PLDT, a leading telecoms provider in the Philippines, has deployed Ciena’s OneConnect Intelligent Control Plane software and 5410 Packet-Optical Reconfigurable Switch Systems (RSS) across its global network footprint. Through these Ciena platforms, PLDT is going to interconnect points of presence worldwide into the switching network with a global mesh that provides greater network performance and a highly resilient and efficient service to meet stringent Service Level Agreement (SLA) requirements. During a network outage, the system will quickly detect faults and automatically switch to backup routes from data traffic, which is allowed by CIEN. This can allow PLDT’s business customers to reduce the effect of losses or breakages due to earthquakes, cable cuts and outages of network, thus providing PLDT with a competitive edge in the enterprise services landscape with the provision of services without any connectivity disruption. In addition to that, PLDT will leverage on the CIEN Unified Management System to provide visualization, comprehensive unified management and control of the network. Ciena is also providing a range of professional services for this deployment via Ciena’s Specialist Services portfolio, including commissioning, installation and project management.

Ciena Corporation (NASDAQ:CIEN) closed at $21.74 on Thursday, posting an advance of 10.19% in the share price for the day. The stock price fluctuated from a low value of $19.92 to a high one of $21.76 per share. The company currently has a 52-week low of $11.95 and a 52-week high of $21.76 per share. CIEN currently has 100.60 million outstanding shares in the market with institutional ownership of 105% of its total equity capital. Trading volume stood at 7.66 million shares on Thursday, with an average one for CIEN at 4.24 million shares per day.