Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Ciena Corporation has taken a bold step in shaping the next chapter of its evolution by announcing the acquisition of Nubis Communications, a privately-held company focused on high-speed optical interconnects, in an all-cash transaction worth $270 million.</li><li>Set to close during Ciena’s fiscal fourth quarter of 2025, the acquisition marks a significant pivot in the company’s strategy to dominate the AI-driven networking infrastructure space.</li><li>In parallel with this deal, Ciena also disclosed new employee retention plans aimed at preserving key talent at Nubis, underscoring the importance of human capital in this transaction.</li></ul>

Ciena Corporation has taken a bold step in shaping the next chapter of its evolution by announcing the acquisition of Nubis Communications, a privately-held company focused on high-speed optical interconnects, in an all-cash transaction worth $270 million.Set to close during Ciena’s fiscal fourth quarter of 2025, the acquisition marks a significant pivot in the company’s strategy to dominate the AI-driven networking infrastructure space.In parallel with this deal, Ciena also disclosed new employee retention plans aimed at preserving key talent at Nubis, underscoring the importance of human capital in this transaction.

Ciena’s $270 Million Bet: What The Nubis Deal Could Mean For The Future Of AI Networking Infrastructure!

<ul><li>Ciena Corporation delivered strong results in its fiscal third quarter of 2025, showcasing significant top-line growth and improved profitability metrics.</li><li>The company reported revenues of $1.22 billion, outpacing the high end of its guidance and representing a 30% increase year-over-year.</li><li>The gains were driven by broad-based demand, particularly from cloud providers and service providers, with reported strong orders setting a new quarterly record for Ciena.</li></ul>

Ciena Corporation delivered strong results in its fiscal third quarter of 2025, showcasing significant top-line growth and improved profitability metrics.The company reported revenues of $1.22 billion, outpacing the high end of its guidance and representing a 30% increase year-over-year.The gains were driven by broad-based demand, particularly from cloud providers and service providers, with reported strong orders setting a new quarterly record for Ciena.

Ciena Corporation: Expansion of Interconnect Pluggable Business As a Key To Doubling Revenue From This Segment In Consecutive Years!

<ul><li>Ciena Corporation's financial results for the fiscal second quarter of 2025 reflect robust performance and strategic positioning within the dynamic networking and telecommunications industry.</li><li>The company reported revenue of $1.13 billion, marking alignment with the high end of their guidance, an indicator of successful strategy execution and market demand.</li><li>This strong revenue performance is underscored by substantial growth in cloud provider revenue, which represented 38% of total revenue and grew by 85% year-over-year to over $400 million in the quarter.</li></ul>

Ciena Corporation's financial results for the fiscal second quarter of 2025 reflect robust performance and strategic positioning within the dynamic networking and telecommunications industry.The company reported revenue of $1.13 billion, marking alignment with the high end of their guidance, an indicator of successful strategy execution and market demand.This strong revenue performance is underscored by substantial growth in cloud provider revenue, which represented 38% of total revenue and grew by 85% year-over-year to over $400 million in the quarter.

Ciena Corporation Reveals Pluggable Optics Power—Is 800G the Next Big Telecom Breakthrough?

<ul><li>Ciena Corporation reported its fiscal first-quarter results for 2025, demonstrating a strong performance with revenue of $1.07 billion, an adjusted gross margin of 44.7%, and adjusted EPS of $0.64.</li><li>The company experienced robust order flows, driven primarily by direct orders from cloud providers, which represented half of the overall orders in the quarter.</li><li>Notably, service provider orders were also strong, marking the best back-to-back quarters in over two years.</li></ul>

Ciena Corporation reported its fiscal first-quarter results for 2025, demonstrating a strong performance with revenue of $1.07 billion, an adjusted gross margin of 44.7%, and adjusted EPS of $0.64.The company experienced robust order flows, driven primarily by direct orders from cloud providers, which represented half of the overall orders in the quarter.Notably, service provider orders were also strong, marking the best back-to-back quarters in over two years.

Ciena Corporation: How Its Service Provider Recovery & MOFN Opportunities Can Aid in Growth Strategy!

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul><li><a href="https://www.smartkarma.com/entities/entegris-inc" target="_blank" data-smartkarma-citation="entities:12493" rel="noopener">Entegris Inc (ENTG US)</a> - Memory spending is happening next year, but MSI remains weak.</li><li><a href="https://www.smartkarma.com/entities/astera-labs-inc" target="_blank" data-smartkarma-citation="entities:40921" rel="noopener">Astera Labs (ALAB US)</a> - This is now the second way to play a levered Trainium ramp, as they have extensive content with <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409" rel="noopener">Amazon.com Inc (AMZN US)</a>.</li><li><a href="https://www.smartkarma.com/entities/lattice-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:7855" rel="noopener">Lattice Semiconductor (LSCC US)</a> - Standard kitchen sink; I like the stock long-term.</li></ul>

Entegris Inc (ENTG US) - Memory spending is happening next year, but MSI remains weak.Astera Labs (ALAB US) - This is now the second way to play a levered Trainium ramp, as they have extensive content with Amazon.com Inc (AMZN US).Lattice Semiconductor (LSCC US) - Standard kitchen sink; I like the stock long-term.

Earnings: ENTG, ALAB, LSCC, SITM, QCOM, MCHP, WOLF, ARM, ACLS, AAOI, ANET, LITE, COHR

United States

Ciena Corporation develops and markets communications network platforms and software, and offers professional services.  The Company's broadband access, data and optical networking platforms, software tools, and global network services support worldwide telecom and cable/MSO services providers, and enterprise and government networks.

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Ciena Corp (CIEN US)

Ciena’s $270 Million Bet: What The Nubis Deal Could Mean For The Future Of AI Networking Infrastructure!

Ciena Corporation has taken a bold step in shaping the next chapter of its evolution by announcing the acquisition of Nubis Communications, a...

Baptista Research

Ciena Corporation: Expansion of Interconnect Pluggable Business As a Key To Doubling Revenue From This Segment In Consecutive Years!

Ciena Corporation delivered strong results in its fiscal third quarter of 2025, showcasing significant top-line growth and improved profitability...

Baptista Research

Ciena Corporation Reveals Pluggable Optics Power—Is 800G the Next Big Telecom Breakthrough?

Ciena Corporation's financial results for the fiscal second quarter of 2025 reflect robust performance and strategic positioning within the...

Baptista Research

Ciena Corporation: How Its Service Provider Recovery & MOFN Opportunities Can Aid in Growth Strategy!

Ciena Corporation reported its fiscal first-quarter results for 2025, demonstrating a strong performance with revenue of $1.07 billion, an...

Baptista Research

Earnings: ENTG, ALAB, LSCC, SITM, QCOM, MCHP, WOLF, ARM, ACLS, AAOI, ANET, LITE, COHR

What a week (I’m a bit late on this)! I wanted to give a quick overview of all the companies that reported last week. Lattice Semiconductor -...

Fabricated Knowledge

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