Ciena Posts Solid Results as Profitability Improves, Customers Demand Remains Healthy; Maintain FVE
Ciena reported third-quarter top-line growth in line with our expectations, as sales into the data center interconnect, metro, and submarine markets remained healthy. The web-scale provider vertical delivered the strongest results, making up 12% of total revenue. Ciena’s impressive profitability improvement for the quarter is in line with a seasonal pattern over the past several years, which is also true for management’s guidance for the next quarter’s higher operating expenses. Our thesis and f...Ciena is a networking systems, services and software company, providing solutions that enable a range of network operators to deploy and manage networks that deliver services to businesses and consumers. The company provides hardware, software and services that support the transport, switching, aggregation, service delivery and management of video, data and voice traffic on communications networks. The company's solutions are used by communications service providers, cable and multiservice operators, Web-scale providers, submarine network operators, governments, enterprises, research and education institutions and other network operators.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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