NYSE:CIENCommunications
Ciena’s Subsea Deal With Lightstorm Meets Soaring Valuation And AI Hopes
Ciena (NYSE:CIEN) is partnering with Lightstorm to upgrade the Japan, Guam, Australia submarine cable system with advanced optical networking technology.
The project focuses on the Tokyo to Sydney route, where capacity is set to be quadrupled to support heavier data traffic.
The upgraded system is intended to serve cloud and AI workloads that rely on high performance international connectivity.
Ciena comes into this agreement with Lightstorm after a period of very strong share price...