Ciena Corporation, a leading provider of optical networking equipment, saw its backlog rise sharply to $7 billion in Q1 from $5 billion last quarter and under $3 billion in 2023. This surge is fueled by growing demand from hyperscalers expanding AI data centers, positioning Ciena as a key player in AI infrastructure. Despite a high forward price-to-earnings ratio of 120x, the company is rated a buy due to strong industry trends and rapid backlog conversion. However, the focus on hyperscalers brings higher risk and customer concentration, but also offers significant long-term growth potential.
BizClik Media, Procurement Magazine, and Supply Chain Digital have introduced The Global Awards to honor outstanding achievements in procurement and supply chain across 16 categories. The awards celebrate innovation, leadership, and strategic impact ...
Constellium SE held its Annual General Meeting on May 21, 2026, where shareholders approved the appointment of Ingrid Joerg and the re-appointment of John Ormerod to the Board of Directors for a three-year term. This decision ensures continuity in th...
Jupiter Fund Management disclosed a reduction in its holding of Tate & Lyle shares to 1.14%, following a sale of 266,552 ordinary shares at approximately 5.10 per share on May 22, 2026. This public disclosure under Rule 8.3 of the Takeover Code signa...
CBAK Energy Technology showcased its innovative lithium-ion and sodium-ion cylindrical batteries designed for Southeast Asia's electric two- and three-wheelers at Autotech & Accessories 2026. Their batteries feature long life, high reliability, and s...
WeRide and Renault Group continue their partnership by operating the autonomous Robobus shuttle service at the Roland-Garros tennis tournament for the third consecutive year. The service runs a 2.8 km route connecting key points around the stadium, o...
