Network equipment specialist Ciena Corporation announced Thursday that it has secured a contract to provide "next-generation 100G coherent optical technology" to Comcast for use in the cable company's core network.
Furthermore, Ciena said in a statement, that its 6500 Packet-Optical Platform is scalable up to as much as 400 gigabytes, when paired with Ciena's WaveLogic 3 coherent optical line interfaces, giving "providers like Comcast a cost-effective, scalable way to further enhance their networks while supporting continued broadband growth."
In practical matters, Comcast explained that the new technology will allow it to "deliver more content, faster Internet speeds and enable new cloud-based applications for our customers."
Financial terms of the sale were not disclosed, but investors seemed to like the news, bidding shares of Ciena up 1.9%, to $15.52, by close of trading Thursday, and pushing Comcast shares up 2%, to $39.95.
The article Ciena to Provide 100G Capability to Comcast originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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