Ciena Anticipates Strong 5G Growth in Late 2019, Early 2020

increased global demand for optical networking equipment boosted Ciena’s performance during its fiscal first quarter that ended Jan. 31. The company banked $33.6 million in net income on $778.5 million in revenue, representing a 20.5 percent year-over-year increase in revenue. With 5G deployments now getting underway, the company says it is positioned for more growth and it expects sales to increase across most of the regions it serves. Ciena is also gaining momentum outside of its traditional telecom customer base. More than 35 percent of its revenue during the recently closed quarter came from non-telco customers. “The top-line strength underscores our view that the company is the long-term winner” and will continue to consolidate market share in the optical networking space, investment banking firm Jefferies noted in a research report about Ciena’s earnings. The company is “seeing broad-based strength across the business – both by products and geography.”