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Business Wire (Tue, 4:03PM)
Business Wire (Aug 11, 2014)
Business Wire (Jul 16, 2014)
at Fox Business (May 7, 2014)
at MarketWatch.com (Jan 7, 2014)
at MarketWatch.com (Jan 7, 2014)
at MarketWatch.com (Jan 6, 2014)
Mon, Aug. 11, 4:16 PM
Sun, Aug. 10, 5:35 PM
Tue, Jul. 29, 11:18 AM
- Cyan (CYNI +5.7%) is getting a lift from news major customer Windstream plans to spin off its network assets into a REIT. Windstream predicts the move will allow it to "accelerate broadband investments, transition faster to an IP network and pursue additional growth opportunities to better serve customers."
- Soft orders from Windstream have taken a toll on Cyan in recent quarters. Windstream fell to less than 10% of revenue in Q1, but CEO Mark Floyd expressed optimism on the CC (transcript) Windstream would increase orders for Cyan's metro network equipment in 2H14 once its long-haul network buildout was finished.
- Cyan's Q2 report arrives on Aug. 11.
Wed, Jul. 23, 1:45 PM
- Juniper's (JNPR -9.8%) soft Q3 guidance, along with its related commentary on U.S. telco demand, is taking a toll on fellow telecom equipment suppliers Cisco (CSCO -1.2%), Ciena (CIEN -3.2%), Cyan (CYNI -2.5%), Zhone (ZHNE -6.5%) Ruckus (RKUS -1.6%), and Sonus (SONS -3.8%).
- Optical component vendors JDS Uniphase (JDSU -2.9%) and Finisar (FNSR -2%) are also off, as are several chipmakers (previous) with heavy networking/telecom exposure.
- On its CC (transcript), Juniper stated "market dynamics including M&A activity" are affecting the "sequencing and timing" of U.S. carrier projects. Jefferies reported in June AT&T has significantly cut its wireline capex in the wake of the DirecTV deal.
- There has been speculation AT&T is keeping a lid on wireline capex ahead of the full rollout of its ambitious Domain 2.0 initiative, which will feature the launch of software-defined networking (SDN) and network functions virtualization (NFV) platforms.
- Juniper insists it remains well-positioned with the aforementioned U.S. carriers, and that it has "major design wins" for next-gen projects. The company adds demand remains healthy with U.S. federal, cable, and Internet clients.
- The company's router revenue rose 7% Y/Y in Q2 to $617.8M, and its switch revenue rose 25% to $199.8M. Security product revenue fell 8% to $111.6M. The Junos Pulse VPN software ops (about to be sold for $250M) contributed $31.4M in revenue ($15.9M product, $15.5M service).
Tue, Jun. 17, 9:29 AM
- Cisco (CSCO) is buying Tail-f Systems, a Swedish provider of network orchestration software for carriers, for $175M in cash + retention incentives.
- Tail-f's software enables the rapid provisioning of apps/services over networks featuring hardware and virtual appliances from multiple vendors. Its offerings can be used to enable SDN implementations (likely of particular interest to Cisco), but can also work with more conventional networks.
- Light Reading notes AT&T and Deutsche Telekom are Tail-f clients - both are hatching big SDN initiatives that present challenges for Cisco - and that its revenue is believed to be below $30M. CEO Fredrik Lundberg insists Tail-f will continue its multi-vendor support post-acquisition.
- The purchase follows Cisco's 2012 acquisitions of network management/planning software firm Cariden and policy control software vendor BroadHop, and provides a fresh use for its offshore cash. Cisco has set a goal of doubling its software sales from 2012-2017.
- Carrier routing archrival Juniper bought network management software firm WANDL last year. Cyan (CYNI) is an independent player in the network orchestration space.
Tue, May. 6, 4:25 PM
Mon, May. 5, 5:35 PM
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Wed, Mar. 26, 11:00 AM| Comment!
Wed, Mar. 26, 9:32 AM
- Cyan (CYNI) CFO Mike Zellner has resigned for personal reasons, effective immediately. Jeff Ross, who in the past has been the CFO of mobile ad firm Velti (filed for bankruptcy last year) and SAP-acquired Sybase, is replacing him.
- Cyan also says its Q1 revenue will be "at or above the high end" of a $16M-$18M guidance range; the consensus is currently at $16.9M.
- The CFO change and positive Q1 pre-announcement follows multiple earnings disappointments.
- Shares are halted.
Wed, Mar. 12, 6:38 PM
- Goldman's upgrades of Infinera (INFN +14.9%) and Calix (CALX +2.8%) wound up sparking a broader rally telecom equipment and optical component makers. Notable gainers: FNSR +6.2%. UBNT +6.7%. CYNI +5.1%. CIEN +3.8%. JDSU +5.4%. AFOP +3.4%. NPTN +3.4%. ADTN +2.8%. FN +2.2%.
- Goldman's Simona Jankowski believes Infinera, which recently lost a major Verizon deal to Alcatel-Lucent, has regained Level 3 as a client. She also estimates 100G optical system shipments "have approximately a 15% point gross margin advantage" relative to 10G counterparts, and sees this delta boosting Infinera's margins as 100G "increases from mid-50% of total product revenue in 2013 to mid-70% in 2014."
- Regarding Calix, Jankowski reports seeing better spending trends among the tier 2/3 carriers the company leans heavily on, and thinks 2014/2015 estimates now "more accurately reflect" Calix's growth trajectory.
- Today's gains come as the optical networking industry's OFC 2014 conference continues. As usual, the conference has seen a slew of product launches. Ciena has followed Infinera (previous) in launching software tools for intelligently controlling a network's optical layers, and JDS Uniphase is showing off several new components and modules.
Thu, Mar. 6, 10:57 AM
- Cyan (CYNI +14.5%) sales SVP James A. Hamilton discloses he bought 100K shares on Monday at $3.35.
- The purchase came with Cyan shares close to their post-IPO low of $3.19. They cratered in both October and January following bad earnings news. Soft orders from top customer Windstream were a culprit each time.
Tue, Feb. 11, 4:14 PM
Thu, Jan. 9, 12:59 PM
- Calix's Q4 warning, which has come in the wake of warnings (I, II) from fellow telecom equipment suppliers Cyan (CYNI -2.4%) and Procera (PKT -2.6%), has sparked a general selloff in telecom equipment and component/chip names. A Deutsche downgrade of Alcatel-Lucent, one of the best-performing names in the space in 2013, could also be playing a role.
- Calix, Cyan, and Procera all have considerable exposure to U.S. carriers not named AT&T or Verizon. While Calix didn't mention which region(s) are responsible for its warning, Cyan blamed an 88% Q/Q drop in sales to U.S. telco/top customer Windstream, and Procera blamed soft demand from U.S. cable providers.
- Notable decliners: CSCO -1.1% JDSU -5.2%. ADTN -5.1% (competes with Calix). FNSR -4.2% (just announced an acquisition). INFN -2.9%. AMCC -2.5%. CIEN -2.4%. BSFT -6.1%. SONS -2.1%.
- The group sold off a month ago after Cisco cut its long-term growth outlook.
Tue, Jan. 7, 12:46 PM
Tue, Jan. 7, 9:16 AM
Mon, Jan. 6, 5:38 PM
CYNI vs. ETF Alternatives
Cyan Inc provides carrier-grade networking solutions that transform disparate and inefficient legacy networks into open, high-performance networks. It also offers high-capacity, multi-layer switching and transport platforms, known as Cyan Z-Series.
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