Ciena Corp was incorporated in Delaware in November 2, 1992 and completed its initial public offering on February 7, 1997. The Company is a network specialist focused on providing communications networking solutions that enable network operators to adopt next-generation architectures. It has optimized its business and solutions to enable network operators to create and deliver the broad array of high-bandwidth services relied upon by enterprise and consumer end users. It provides equipment, software and services that support the transport, switching, aggregation, service delivery and management of voice, video and data traffic on communications networks. In addition to its high-capacity hardware platforms, it offers network management and control software platforms that help network operators simplify and automate their networks and virtualize certain network functions. Its solutions are designed to enable network operators to adopt open, multi-vendor, software-programmable network infrastructures that improve automation, reduce network complexity and flexibly support changing service requirements. Its solutions yield business and operational value for its customers by enabling them to introduce new, revenue-generating services and to reduce network complexity and expense. The Company's Converged Packet Optical, Packet Networking and Optical Transport products are used, individually or as part of an integrated solution, by communications service providers, cable and multiservice operators, Web-scale providers, submarine network operators, governments, enterprises, research and education (R&E) institutions and other network operators across the globe. Its products, which support applications from the network core to network access points, allow network operators to scale capacity, increase transmission speeds, allocate traffic and adapt dynamically to changing end-user service demands. Its software solutions are oriented around Blue Planet software platform, a modular, network virtualization, service orchestration and network management software platform designed to simplify the creation, automation and delivery of services across multi-vendor and multi-domain network environments. To complement the hardware and software solutions, it offers network transformation and related support services that help its customers design, optimize, deploy, manage and maintain their networks. The Company sells its product and service solutions through direct and indirect sales channels to network operators in the following customer and market segment: Communications Service Providers - include regional, national and international wireline and wireless carriers; Cable & Multiservice Operators - include cable and multiservice operators in the United States and internationally; Web-scale Providers - include Internet content providers focused on applications such as search, social media, video, real-time communications and cloud-based offerings to consumers and enterprises, data center operators and other emerging network operators that are often focused on virtualized infrastructure and Ethernet exchanges; Enterprise - include large, multi-site commercial organizations, including participants in the financial, health care, transportation, utilities, energy and retail industries; Government, Research and Education - include federal and state agencies in the United States as well as international government entities; and Submarine Network Operators - include service providers and consortia operators of submarine communications networks across the globe. The Company's product portfolio consists of Converged Packet Optical, Packet Networking and Optical Transport products. Its product offering also includes a suite of software solutions that unify its product portfolio and provide enhanced network automation, software-defined management and control features, and NFV to enable efficient service delivery.