From AT&T to Ciena: Tracking optical earnings in Q3 2024
The third-quarter 2024 earnings reporting season has begun, and Lightwave+BTR is tracking how key players in the optical networking industry segment—which includes optical vendors and business service providers--performed.
Please check here for updates on service providers, vendors and integrators in this segment.
Check out how Lightwave+BTR tracks the broadband industry's results for the third quarter.
Also, check out our Q4 2023, Q1 2024 and Q2 2024 earnings coverage.
Oct. 15
Ekinops
www.ekinops.com
Ekinops returned to growth in the third quarter, with revenue rising 9% sequentially to $33 million. Still, the French-based company's slower service provider spending in the optical segment remains challenging.
- see our coverage
Oct. 22
Verizon
www.verizon.com
Verizon reported that the third quarter's total operating revenue was $33.3 billion, which was flat compared to the third quarter of 2023.
- see our broadband coverage
Oct. 23
AT&T
www.att.com
AT&T has continued to increase its fiber footprint, with 226,000 AT&T Fiber net adds in the third quarter—and this comes despite a hurricane-induced 30-day work stoppage in the Southeast portion of the company’s footprint.
- see our coverage
Ribbon Communications
www.ribboncommunications.com
Ribbon reported third-quarter sales of $210 million, a 3.5% year-over-year increase fueled by optical and federal sales gains.
- see our coverage
Oct. 29
Corning
www.corning.com
Corning's optical communications unit saw a revenue comeback in the third quarter, reporting $1.2 billion in revenues as it inked deals with AT&T and Lumen.
- see our coverage
Nov. 1
TDS Telecom
www.tdsinc.com
Nov. 5
Frontier
www.frontier.com
Lumen
www.lumen.com
Nov. 7
Adtran
www.adtran.com
Cogent Communications
www.cogentco.com
Lumentum
www.lumentum.com
TBD
Ciena
www.ciena.com
Cisco
www.cisco.com
Sean Buckley
Sean is responsible for establishing and executing the editorial strategies of Lightwave and Broadband Technology Report across their websites, email newsletters, events, and other information products.
Hayden Beeson
Hayden Beeson is a writer and editor with over seven years of experience in a variety of industries. Prior to joining Lightwave and Broadband Technology Report, he was the associate editor of Architectural SSL and LEDs Magazine.