Lumen Powers JUNO Trans-Pacific Cable U.S. Landing with High-Capacity Backhaul Network
DENVER--(BUSINESS WIRE)--With undersea cables accounting for more than 99% of international data traffic, a robust terrestrial network is vital for ensuring seamless, high-capacity data flows across continents. Lumen Technologies (NYSE: LUMN) announced it will provide the terrestrial backhaul connectivity for the JUNO Trans-Pacific Cable System, the highest-capacity trans-Pacific cable linking Japan and the United States. Lumen's fiber network will carry traffic from the cable's U.S. landing point in Grover Beach, Ca., to two major points of presence (PoPs) in San Jose and Los Angeles— helping to revolutionize business operations and technological advancements in both countries.
An undersea cable can carry massive amounts of data across oceans, but it's the strong terrestrial network that completes the journey.
Share
'An undersea cable can carry massive amounts of data across oceans, but it's the strong terrestrial network that completes the journey,' said Ashley Haynes-Gaspar, Lumen EVP and Chief Revenue Officer. 'Lumen designed and developed a dark fiber solution the JUNO system could quickly deploy to meet their launch date. Our critical fiber backbone enables the seamless high-capacity transport from Asia into the heart of the U.S. digital economy. This level of control, scale, and performance is exactly what global enterprises and cloud providers need to support the next generation of AI and data-driven innovation.'
The JUNO cable, operated by Seren Juno Network Co., Ltd., is 10,000 kilometers long and engineered to deliver up to 350 Tbps across 20 fiber pairs, using next-generation Space Division Multiplexing (SDM) technology. Lumen's dark fiber backhaul gives JUNO custom, private network configurations. Connecting JUNO at the cable landing station to two critical PoPs, helps data reach major cloud hubs, data centers and enterprise networks across the U.S.
'Our partnership with Lumen is a critical milestone in delivering on JUNO's promise to revolutionize trans-Pacific data transport,' said Yoshio Sato, CEO of Seren Juno Network Co., Ltd. 'Lumen's reach into major U.S. cloud hubs and its proven expertise in high-capacity fiber infrastructure make it an ideal partner as we bring the world closer through digital innovation.'
Businesses in both Japan and the US stand to benefit significantly from the increased bandwidth and reliable connections. Together, JUNO's cable system and Lumen's terrestrial network will create a powerful bridge between Asia and North America—supporting next-gen applications, enabling global scale for AI, and helping enterprises navigate the digital economy with agility and speed. Connecting directly into cloud regions, edge compute sites, and major data centers is only possible with strong terrestrial backhaul.
Learn more about Lumen Dark Fiber services.
About Lumen Technologies
Lumen is unleashing the world's digital potential. We ignite business growth by connecting people, data, and applications – quickly, securely, and effortlessly. As the trusted network for AI, Lumen uses the scale of our network to help companies realize AI's full potential. From metro connectivity to long-haul data transport to our edge cloud, security, managed service, and digital platform capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, X: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
FactSet: Modest Growth, Higher Costs
FactSet Research delivered revenue and annual subscription volume growth, but earnings were weighed down by higher costs. The company announced its 26th consecutive annual dividend boost and continues to repurchase shares. FactSet will get a new CEO in September when Sanoke Viswanathan replaces Phil Snow. 10 stocks we like better than FactSet Research Systems › Here's our initial take on FactSet Research Systems' (NYSE: FDS) financial report. Metric Q3 FY24 Q3 FY25 Change vs. Expectations Revenue $552.7 million $585.5 million 6% Beat Adjusted diluted earnings per share $4.37 $4.27 (2%) Missed Organic annual subscription value $2.2 billion $2.3 billion 5% n/a GAAP operating margin 36.6% 33.2% (3.4 pp) n/a Financial data and analysis vendor FactSet grew revenue in the quarter and remains a must-have vendor for its existing client base. But higher costs ate into the bottom line, leading the company to report earnings per share that fell short of Wall Street expectations. Revenue, including the product of acquisitions, grew by 6% year over year, and organic revenue was up 4.4%. FactSet grew its annual subscription value (ASV) by 6%, including the result of acquisitions, to $2.4 billion, and annual ASV retention was greater than 95%. As a percentage of clients, annual retention was 91%. Although costs were higher, much of the added expense can be attributed to timing issues and one-time items. GAAP operating margin fell to 33.2% from 36.6%, which the company attributed to the lapping of both a lower bonus accrual and a one-time payroll tax adjustment, as well as added salaries due to recent acquisitions. FactSet continues to return cash to shareholders. In May, the company announced a 6% increase to its quarterly dividend. It is the 26th consecutive yearly dividend increase. The company also repurchased $80.7 million worth of its shares in the quarter. Over the last decade, FactSet has reduced its share count by more than 8%. The company said its board approved a new $400 million repurchase authorization beginning on Sept. 1. The report was largely more of the same, and investors reacted accordingly. FactSet shares initially fell about 3% in premarket trading, continuing a trend that has seen the stock fall 12% so far in 2025. FactSet reaffirmed its full-year guidance, and CEO Phil Snow said the company has "a healthy pipeline and increased momentum." We are in the final three months of the company's fiscal year, so clarity should be strong. There is also change on the horizon. In early June, FactSet said Snow would be stepping down in September. He will be replaced by Sanoke Viswanathan, a JPMorgan Chase (NYSE: JPM) wealth management executive who was a member of Jamie Dimon's operating committee at the bank. FactSet has a well-regarded product, but its services are priced at a premium, and the total addressable market, buy-side and sell-side bankers, has not been growing. It will be up to Viswanathan to find the catalyst to get markets excited about FactSet again. Full earnings report Investor relations page Before you buy stock in FactSet Research Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and FactSet Research Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends FactSet Research Systems and JPMorgan Chase. The Motley Fool has a disclosure policy. FactSet: Modest Growth, Higher Costs was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
NVDA: Wedbush Sees Buying Opportunity in Big Tech Post-Iran Bombing
June 23 - Tech stocks may shake off recent U.S. strikes on Iran, according to a Monday note to clients from Wedbush Securities. Analysts said many investors saw the strike as inevitable, removing a key market overhang. A diminished nuclear threat in Iran may ease regional risks, which could buoy tech shares. Warning! GuruFocus has detected 7 Warning Sign with PANW. Wedbush expects cybersecurity firms to benefit from potential retaliatory hacks. It highlighted Palo Alto Networks (NASDAQ:PANW), CyberArk (NASDAQ:CYBR), CrowdStrike (NASDAQ:CRWD), Zscaler (NASDAQ:ZS) and Check Point (NASDAQ:CHKP) as likely picks for investors seeking defense plays. The firm noted that without the specter of a major Middle East escalation, ongoing tech partnershipssuch as recent deals with Saudi Arabia and the UAE, face less geopolitical uncertainty. Wedbush also recommended considering leading AI and cloud names on any pullback. Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Oracle (NYSE:ORCL), Palantir (NASDAQ:PLTR) and Tesla (TSLA) were cited as candidates to buy should volatility emerge. Investors may view this outlook as a signal to hold or accumulate tech exposure, balancing potential short-term swings with long-term industry trends. Tech resilience may hinge on execution and broader economic factors, but the note suggests the overhang has eased. In the meantime, Investors should remain vigilant for fresh risks even as they weigh potential opportunities in tech. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
1 Massive Problem Facing Nio Investors. Is the Stock Still a Buy?
China's EV production capacity utilization is near an alarming 50% level. The price war in China has hit all competitors -- foreign and domestic. Nio's focus will be on accelerating deliveries through Onvo and Firefly. 10 stocks we like better than Nio › It almost seems impossible to think China's automotive market was once the most desirable in the world. At a time when China's automotive market sales were exploding, foreign automakers were quick to enter the market and make a buck while the young and inexperienced Chinese automakers watched and learned. Fast forward to today, and the story has nearly flipped. While auto sales are still lucrative in volume, the country is embattled in a brutal price war that has eroded profits. And for competitors like Nio (NYSE: NIO), a little more bad news is on the way. If you're invested in global automakers, you've likely heard a thing or two about the situation in China. Market leader BYD continued to apply pressure in late May when it announced an aggressive pricing strategy that slashed prices as much as 34% on 22 of its electric and plug-in hybrid models until the end of June. China's price war, which has become so devastating that it's forced government officials to call executives together in an attempt to soften the impacts and avoid a race to the bottom, is likely far from over. The price war might actually be distracting investors from a deeper issue for the automotive industry, and that's overcapacity. According to data from Shanghai-based Gasgoo Automotive Research Institute, China's overall industry capacity utilization was a meager 49.5% -- leaving a massive chunk of the country's 55.5 million annual vehicle production capacity unused. Then came the words that analysts have warned about and investors have feared: The price war may have no end. "As long as you have 50 percent capacity realization, you won't be able to end the price war in a normal market," said Jochen Siebert, managing director at auto consultancy JSC Automotive, according to Automotive News. For Nio and its investors, much of its problem in China is currently out of its control. At some point many automakers in China will be forced out of business or to consolidate, leaving a much healthier industry. Until that time comes, Nio's primary focus will be on cost improvement to offset margin pressure from the price war. The good news is we've seen some tangible progress from Nio on cost cutting. In fact, during the first quarter of 2025, vehicle margin increased to 10.25% from the prior year's 9.2%. Gross profit also made a substantial 88.5% increase to $126.7 million, compared to the prior year. The price war still hurts and Nio's net loss widened during the first quarter, but more optimization is on the way. "Since the first quarter, we have implemented a range of cost control measures, including organizational restructuring, cross-brand integration, and efficiency improvements in R&D, supply chain, sales and services," added Stanley Yu Qu, NIO's chief financial officer, in a press release. "Starting from the second quarter, the Company aims to achieve structural improvements in overall cost efficiency, with continued progress in operational performance." At the end of the day, Nio is doing its best to control what it can and has made considerable improvements on costs. Now the company will have to pivot and also focus on accelerating production of its two newer brands, Onvo and Firefly, which should help drive deliveries as the year progresses. For investors, while Nio is an intriguing investment in the world's largest EV market, it might be wise to watch from the sidelines until China's overcapacity problem isn't so dire and its price war not so brutal. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nio wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool recommends BYD Company. The Motley Fool has a disclosure policy. 1 Massive Problem Facing Nio Investors. Is the Stock Still a Buy? was originally published by The Motley Fool
