After Finisar buoyed Wall Street’s opinion of the optical communications space when it announced both record revenues for its recently completed quarter and expectations for continued success to finish the calendar year (see “Finisar expects revenue pace to continue”), Ciena Corp. (NASDAQ: CIEN) appears to have changed the space’s reputation again. The optical transport and switching system vendor missed earning expectations for its fiscal fourth quarter ended October 31, 2013. Its stock price is taking a beating as a result.
The International Telecommunication Union (ITU) says that the physical-layer protocol aspects of G.fast – which is expected to be the technology that brings the ability to support 500 Mbps or more to copper-based broadband access networks – have reached the stability required to initiate the standard’s approval procedure.
JDSU (NASDAQ: JDSU and TSX: JDU) says it will expand its test and measurement portfolio in the enterprise/data center/cloud arena through the acquisition of Network Instruments. The two parties have signed a definitive agreement that calls for JDSU to pay $200 million in cash, subject to certain adjustments, for Network Instruments. The companies expect to close the transaction, which is subject to customary regulatory approvals, within approximately 45 days.