Space Norway awards Ciena a subsea contract. Ciena stock trades at EUR 313.60

Ciena Corporation (ISIN US1717793095) won a turnkey contract from Space Norway on October 13, 2026, to modernize the Svalbard subsea cable system and deploy networking technology on Arctic Way, according to Space Norway. The project gives Ciena a new customer deployment in a strategically important communications environment.

Two subsea systems in one contract

Space Norway is using Ciena technology across its existing Svalbard infrastructure and the new Arctic Way system. The agreement covers end-to-end design, deployment and optical equipment, including the Ciena 6500 Optical Platform, WaveLogic 6 Extreme transponders and Spectrum Sharing.

Ciena's Navigator Network Control Suite is also part of the deployment. Space Norway said the system is intended to improve network visibility, control and operational redundancy across remote Arctic routes.

Arctic Way targets 2028 service

Arctic Way is expected to commence service in 2028. The cable will connect mainland Norway, Jan Mayen and Svalbard, supporting data traffic for research, scientific and national security organizations.

The release describes a long-term infrastructure program rather than a disclosed order value. That distinction matters for investors: the contract confirms a customer and technology deployment, while its direct revenue contribution is not quantified in the announcement.

Stock price and investor frame

Ciena's primary listing is on the New York Stock Exchange under ticker CIEN. At Lang & Schwarz, the stock was trading at EUR 313.60 on October 29, 2026 at 10:40 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Ciena stock.

Market context: Market report S&P 500.

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