Latest news with #fiberoptics
Phone Arena
2 hours ago
- Business
- Phone Arena
Ex-Verizon boss has a plan for superfast internet across Florida, Texas, Nevada, Colorado and Arizona
– Sanjiv Ahuja, Chairman of Tillman Fiber, June 2025 Receive the latest Verizon news By subscribing you agree to our terms and conditions and privacy policy Verizon Grab Surfshark VPN now at more than 50% off and with 3 extra months for free! Secure your connection now at a bargain price! We may earn a commission if you make a purchase This offer is not available in your area. After spending more than 30 years at Verizon , Ed Chan has been appointed as Chief Executive Officer at Tillman Fiber, an open access fiber operator. The company, as you may've heard, designs, builds, and owns high-speed internet infrastructure for other internet providers to use Chan succeeds Tim Salmon, Tillman Fiber's Chief Operating Officer, who had been serving as acting CEO, and the appointment is effective now, Tillman Fiber is undertaking an ambitious billion dollar expansion across Florida, but there are reports that the company is eyeing Texas, Nevada, Colorado and Arizona as Fiber has appointed Mr. Chan during a crucial phase of growth for both the company and the broader broadband industry. Chan praised Tillman's leadership in open-access infrastructure and its strong focus on customer service, saying these strengths position the company to meet the rising demand for fast, reliable joining Tillman Fiber, Mr. Chan held senior executive roles at Crown Castle, where he led digital transformation and cybersecurity efforts. He also spent over three decades at, where he served as Chief Technology Officer and Chief Network Engineering Officer, overseeing technology strategy, network operations, and infrastructure development. Also, he currently serves on the board of Fortress Solutions, a global network support in 2021, Tillman Fiber builds and operates fiber-optic networks across Florida. Backed by over $1.5 billion in capital, the company is focused on delivering high-speed broadband to both homes and businesses while promoting digital access for underserved communities.
Yahoo
11 hours ago
- Business
- Yahoo
Coherent Expands Factor Series Diode Pumps with Higher Power, Improved Efficiency, and New Wavelength Options
SAXONBURG, Pa., June 19, 2025 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in photonics, today announces major enhancements to its FACTOR series of fiber-coupled diode pumps. The upgraded portfolio now offers increased output power, improved efficiency, and a wider locking range for pump modules at 976 nm. In addition, a new high-power pump module at 793 nm has been introduced to support growing demand in medical and industrial laser applications. OEM laser manufacturers can benefit significantly from the FACTOR series, which offers reliable performance through automated, in-house micro-optics assembly that ensures high consistency and reliability. Designed for effortless integration, the system simplifies handling and installation, making it easy to incorporate into existing OEM laser systems. Additionally, the FACTOR series is volume-ready, supporting scalable manufacturing to meet high-volume demands and align with planned production cycles. 'The FACTOR series is a cornerstone of our product portfolio, powering a wide range of solid-state lasers across diverse applications,' said Dr. Karlheinz Gulden, Senior Vice President, Laser Components and Subsystems at Coherent. 'These latest advancements further solidify the FACTOR series as a leading choice for OEM laser manufacturers.' The new FACTOR series is generally available. For more information, meet our team at Laser World of Photonics, Munich, 24-27 June or visit About Coherent Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at Media Contact: innovations@ in to access your portfolio
Bloomberg
2 days ago
- Business
- Bloomberg
KKR, GIC Are Among Final Bidders for MasOrange, Zegona Joint Venture
KKR & Co. and GIC Pte. are among the final bidders for a stake in a fiber-optic broadband network venture owned by MasOrange and Zegona Communications Plc, according to people familiar with the matter. The two funds are among the suitors that have entered a second round of the process to buy a 40% stake in the joint venture, the people said, asking not to be identified because the matter is private. A final decision on a sale hasn't been made and MasOrange and Zegona could still decide not to go ahead with one.
Associated Press
4 days ago
- Business
- Associated Press
eCommunity™ Fiber Selects Ciena's Routing Solution to Power High-Capacity Backbone for Morrow Smart City Initiative
Morrow's smart city gets robust Ciena routing solution, enabling eCommunity Fiber's direct link to Atlanta Internet Gateway MORROW, GA, UNITED STATES, June 16, 2025 / / -- eCommunity™ Fiber, a leading open-access fiber network provider, today announced the deployment of Ciena's (NYSE: CIEN) routing and multi-layer network control solutions as the high-capacity backbone connecting The District in Morrow, Georgia, directly to the Atlanta Internet Gateway. This continued collaboration with Ciena underscores the foundational technical infrastructure enabling Morrow's ambitious smart city transformation. Ciena, the global leader in high-speed connectivity, has been the central technology provider for eCommunity™ Fiber's network over the last 3 years. It is now being expanded to provide Morrow with resilient, high-bandwidth connectivity essential for supporting a new era of municipal innovation—from sophisticated IoT integrations and advanced public safety applications to ubiquitous community Wi-Fi and citizen-centric digital services. Ciena's 5164 Routers ensure reliable and scalable transport, acting as the vital artery that links Morrow's developing smart city network, including the recently activated services at The District, to the broader digital landscape via the Atlanta Internet Gateway. This core connectivity empowers eCommunity™ Fiber's open-access model, allowing multiple service providers to deliver high-speed internet, voice, and video services over a shared, cutting-edge infrastructure. 'The City of Morrow very much understands the difference between internet access and connectivity and how to prepare themselves for the future of technology,' explains Jerrald Rector, COO of eCommunity™ Fiber. Building a future-ready smart city requires a network backbone that is not only high-performing and reliable but also inherently scalable to meet evolving demands. Ciena's routing and multi-layer network control technologies provide the critical capacity and resilience needed to extend advanced digital capabilities throughout Morrow, ensuring seamless connectivity for residents, businesses, and crucial smart city applications. 'Ciena's routers and multi-layer management provide the high-capacity, low-latency connectivity that's essential for a successful smart city initiative. eCommunity™ Fiber's backbone will give Morrow a reliable, future-ready foundation to support its diverse smart city applications,' said Kevin Sheehan, CTO of the Americas, Ciena. The deployment of Ciena's 5164 Routers and Navigator Network Control Suite is a significant step in Morrow's multi-phased smart city initiative, supporting the activation of a fully integrated 4-tier private network featuring Fiber-to-the-Premise, Wi-Fi, LoRaWAN, and LTE 4G/5G technologies. This robust infrastructure is a blueprint for other municipalities aiming to leverage advanced connectivity to enhance public services and drive economic growth. About eCommunity™ Fiber eCommunity™ Fiber is the public-facing brand of A2D, Inc., a Georgia-based open-access network provider dedicated to closing the digital divide in underserved communities across the U.S. By investing in cutting-edge technology and strategic partnerships, eCommunity™ Fiber empowers communities with the digital infrastructure needed to thrive in the 21st century. About the City of Morrow The City of Morrow, located in Clayton County, Georgia, is committed to fostering innovation and enhancing the quality of life for its residents. Through strategic partnerships and forward-thinking initiatives, the city is building a digitally inclusive future, with developments like The District at Olde Town Morrow serving as a dynamic hub for community engagement and technological advancement. Daniel Klein Joseph Studios +1 770-634-4677 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
5 days ago
- Business
- Yahoo
1 Artificial Intelligence (AI) Growth Stock to Buy Following Its Latest Plunge
Ciena's stock price dropped following its recent quarterly report, owing to an earnings miss. The company increased its full-year guidance thanks to improving demand for its optical component solutions used in AI data centers. Ciena stock trades at an attractive valuation right now, making it an ideal bet for investors looking to add an AI stock to their portfolios. 10 stocks we like better than Ciena › Share prices of Ciena (NYSE: CIEN) plunged nearly 13% in a single day (June 5) following the release of the company's fiscal 2025 second-quarter results (for the three months ended May 3). The steep drop seemed a tad harsh, as its numbers were quite solid. Ciena reported healthy growth in its revenue and earnings, fueled by the artificial intelligence (AI)-powered demand for the company's optical networking components. Management also offered better-than-expected revenue guidance for the current quarter. The post-earnings plunge offers Ciena investors (and potential investors) an opportunity to buy shares of this fast-growing fiber-optics company. Let's look at the reasons why buying Ciena stock right now could turn out to be a smart long-term move. Ciena's fiscal Q2 revenue jumped 24% year over year, while its earnings jumped at an even more impressive rate of 55%. Sales of the company's optical networking products jumped 38% year over year to $774 million, accounting for almost 70% of its top line. Ciena management remarked on the latest earnings conference call that three of its top five customers were cloud providers, and "their sustained investments in AI infrastructure and network expansion" were a key reason behind the company's healthy growth. That's not surprising, as AI workloads in data centers have created the need for high-speed data transmission, and the fiber optics components Ciena sells allow its customers to reduce latency and increase bandwidth and speed. This explains why Ciena sees AI as its next big growth driver over the next four years, creating a total addressable market worth $26 billion by 2028. The good part is that Ciena is pulling the right strings to make the most of its addressable market. The new orders received by Ciena last quarter significantly exceeded its revenue. Management estimates that its orders from cloud service providers will double in fiscal 2025 on the back of AI-fueled demand. That can be attributed to the new business that Ciena is scoring in the cloud AI market to connect graphics processing unit (GPU) clusters with its optical networking equipment. It expects to start recognizing revenue from two such new contracts later this fiscal year, which will ramp higher into fiscal 2026. As such, it is easy to see why Ciena upgraded its guidance for the current fiscal year. The company now expects its fiscal 2025 revenue to increase by 14%, up from the earlier range of 8% to 11%. However, there is a good chance Ciena will grow at an even better pace in the current fiscal year and beyond, as global AI data center capacity is expected to grow at an annual rate of 33% through 2030, according to McKinsey. That's why analysts also raised their revenue estimates for Ciena for the next three fiscal years. Analysts expect a 24% increase in Ciena's earnings this year to $2.26 per share. That's expected to be followed by even stronger growth over the next couple of fiscal years. Ciena management pointed out on the recent earnings conference call that it expects costs to decline in the future, leading to an improvement in its margins. It expects to put its gross margin in the mid-40% range in a couple of years, which would be an improvement over the lower end of the 42% to 44% range it forecast for fiscal 2025. So a combination of robust revenue growth and an improvement in margins should build the company's earnings power and help it achieve the solid bottom-line jump that consensus estimates predict. Assuming Ciena's earnings indeed hit $4.31 per share after a couple of fiscal years and it trades at 27 times earnings at that time (in line with its forward earnings multiple), its stock price could hit $118. That would be a 64% jump from current levels, suggesting that this AI stock is capable of making investors richer. Given that Ciena's forward earnings multiple is lower than the tech-laden Nasdaq-100 index's forward earnings multiple of 28 (using the index as a proxy for tech stocks), buying this stock seems like a no-brainer, considering its earnings growth potential and valuation. Before you buy stock in Ciena, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ciena 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 $655,255!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $888,780!* Now, it's worth noting Stock Advisor's total average return is 999% — a market-crushing outperformance compared to 174% 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 9, 2025 Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 1 Artificial Intelligence (AI) Growth Stock to Buy Following Its Latest Plunge 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
