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Ciena Tumbles After Sluggish Economy Crimps Sales, Widens Loss
Aug. 30 (Bloomberg) -- Ciena Corp., a maker of communications-network equipment, tumbled the most in more than three years after reporting a wider-than-projected loss and forecasting lower revenue than analysts had estimated.
Ciena Falls After FBR Capital Downgrades Stock
14 (Bloomberg) -- Ciena Corp., a maker of equipment and software for telecommunications and cable providers, fell the most in a month after an FBR Capital Markets analyst downgraded the stock, citing increased competition.
U.S. Stock Futures Drop on Euro-Area Economic Report
Ciena Corp., a maker of communications-network equipment, tumbled 20 percent after reporting a wider-than-projected loss and forecasting lower revenue than analysts had estimated.
Stocks Drop With Euro as Spain Delays Bailout Decision
Intel Corp., Caterpillar Inc. and Cisco Systems Inc. dropped more than 1.5 percent to lead declines in 28 of 30 stocks in the Dow Jones Industrial Average, which tumbled 106.77 points to 13,000.71.
eBay, Fujitsu, and Verizon establish Big Data working group with Cloud ...
The Cloud Security Alliance (CSA), a group centered on developing best practices for ensuring cloud computing security, announced Thursday it teamed with Fujitsu Labs (OTC: FJTSY), eBay (Nasdaq: EBAY) and Verizon Business (NYSE: VZ) to form a ...
Private money to fund Detroit recreational centers, keeping 17 open
Lear Corp. has pledged $5 million over a 10-year period; General Motors Foundation has donated $2 million; and $3 million in Community Development Block Grant funds has been pledged.
Verizon's Shammo wants more enterprise customers to migrate to IP services
To help assist customers in moving their apps from their facilities and into the Verizon cloud, it will employ the help of CloudSwitch, a cloud software company it purchased earlier this year. "We invested in CloudSwitch to have that software to move ...
Business: The other 'underserved' broadband market
For a large multinational corporation, the benefit is that they can have more bandwidth to scale not only large headquarters, but also regional offices to take advantage of new cloud-based storage and IT applications.
DDoS: AT&T isn't the only carrier at risk of attack
"My company has been without internet for nearly 24 hours...this includes email, obviously," a commenter said in a related FierceTelecom article.
XO fulfills its fiber fantasies with 100-gigabit long-haul network
Nationwide fiber backbone provider XO Communications has launched a 100-Gbps network from coast to coast, boosting its overall transport capacity by a factor of 10.