Cyan Inc., Software Defined Networking and Network Function

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks Cyan Inc., Software Defined Networking and Network Function

Previous 10 Next 10

From: FJB	2/18/2015 11:05:24 AM
	of 47

Excerpt of previously posted article: Cumello tells us that Cyan will further elaborate on the reasons for its change in outlook when the company reports fourth-quarter earnings on Feb. 18. For now, he's dancing around the question of how much the higher revenue projection has to do with the Windstream deal, saying that Cyan saw increased interest "across all markets" for its optical and SDN/NFV products. Industry analysts are keenly watching Cyan for some progress in converting its numerous SDN/NFV trials into paying contracts. This week's statement from the company also reiterated CEO Floyd's earlier projection that Cyan will do just that during the first half of this year, but how soon such contract wins will translate into revenue remains to be seen. "We remain concerned that Tier 1 carriers are notoriously slow-moving, and it might be a few quarters before Blue Planet [Cyan's SDN software platform] could hit the top-line for these Tier 1 opportunities," says George Notter, analyst with Jefferies, in a research note. Lagging SDN purchasing cycles were part of what drove Cyan to size up new funding options late last year. In December, it announced a sale of Convertible Senior Secured Notes to obtain more than $46 million to be used to support ongoing business operations. lightreading.com

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: FJB who wrote (24)	2/18/2015 11:08:58 AM
From: FJB	of 47

Cisco, Juniper routers now orbit Cyanâ€™s Blue Planet SDN platform October 8, 2014 Author Stephen Hardy Editorial Director and Associate Publisher Optical transport and software-defined networking (SDN) platform Cyan (NYSE:CYNI) says it has developed element adapters that enable its Blue Planet SDN platform to automate, manage, inventory, and provision Ethernet services across a range of Cisco and Juniper Networks routers. The development of the element adapters underscores Blue Planetâ€™s multi-layer capabilities and likely will increase the attractiveness of the platform, given the ubiquity of the Cisco and Juniper routers in the field. The routers the new element managers cover include the Cisco ASR 901, ASR 903, ASR 9000, and ME 3600 as well as the Juniper MX960, MX480, and MX2010. The effectiveness of the element managers is limited to Ethernet services, according to Cyan CMO Joe Cumello; however, capabilities that would enable the automation and control of IP services via these routers could follow. The Blue Planet uses auto-discovery capabilities to detect and categorize the capabilities of the Cisco and Juniper routers in the carrierâ€™s network. It then enables point-and-click provisioning of services via a template based on Metro Ethernet Forum (MEF) Carrier Ethernet 2.0 principles. Cyan developed the element managers at the behest of a major customer Cumello did not identify. Asked if Cisco and Juniper cooperated in the development of the element managers, Cumello did not answer the question directly, but noted that when multiple vendors cooperate in such a venture, itâ€™s usually at the insistence of a joint customer. The element managers leverage Blue Planetâ€™s support of CLI and NETCONF/YANG interfaces and protocols, both of which are common in the router world. The CLI interface was important for communicating with the Cisco routers, while NETCONF/YANG (a development of the IETF) provided the key that unlocked Juniperâ€™s door. The support of CLI and NETCONF/YANG likely will ease Cyanâ€™s ability to bring routers from other vendors into the Blue Planet fold. Cumello said the company has streamlined the element manager development process to the point that this project took about a month. Cyan currently is demonstrating the new capabilities and supporting customer trials. The element manager should become commercial available with the next Blue Planet software release, which Cyan expects will occur in the fourth quarter of this year.

Share	RecommendKeepReply Mark as Last Read

From: FJB	2/18/2015 4:07:56 PM
	of 47

PETALUMA, Calif.--(BUSINESS WIRE)-- Cyan ( CYNI), a leading provider of SDN, NFV, and packet-optical solutions for network operators, today announced financial results for its fourth quarter and year ended December 31, 2014. Revenue for the fourth quarter of 2014 was $30.5 million, up 14% when compared with $26.6 million for the third quarter of 2014 and up 46% when compared with $20.9 million for the fourth quarter of 2013. GAAP net loss for the fourth quarter was $15.0 million, or $0.32 per share, compared to a net loss of $11.7 million, or $0.25 per share, in the third quarter of 2014 and a net loss of $13.7 million, or $0.29 per share, in the same period last year. On a non-GAAP basis, Cyan's net loss for the fourth quarter was $7.1 million, or $0.15 per share. This compares to a non-GAAP net loss of $9.1 million, or $0.19 per share, in the third quarter of 2014 and a non-GAAP net loss of $11.5 million, or $0.25 per share, in the same period last year. Both GAAP and non-GAAP net loss per share figures for the fourth quarter of 2014 are based on 47.2 million basic weighted average shares outstanding. "We are very pleased with our fourth quarter results as revenue in the fourth quarter well exceeded our expectations and led to a solid close to the year," said Mark Floyd, Cyan’s chairman and chief executive officer. "Our strong fourth quarter bookings were driven by demand across our customer base and our expanding footprint within our largest customer. We are seeing good momentum with our Z-Series Packet Optical Platform fostered by 100G metro and regional carrier deployments. Furthermore, commercial interest for our Blue Planet SDN and NFV software platform has accelerated and we are excited about our role as the supplier of choice for critical network transformation technology.” Revenue for fiscal year 2014 totaled $100.5 million, compared with $116.6 million in 2013. GAAP net loss for 2014 was $59.2 million, or $1.26 per share, compared with a net loss of $40.7 million, or $1.32 per share in 2013. Non-GAAP net loss for 2014 was $43.3 million, or $0.92 per share, compared with a non-GAAP net loss of $30.9 million, or $1.00 per share in 2013. Non-GAAP results for the year ended both December 31, 2014 and 2013 exclude the effect of stock-based compensation. Non-GAAP results for the year ended December 31, 2013 also exclude the effects of preferred stock warrants that were converted in connection with our initial public offering. In connection with its IPO in May 2013, the company issued 8.9 million shares of common stock and 34.7 million shares of preferred stock converted into common stock. Non-GAAP results for the year ended December 31, 2014 also exclude charges related to certain restructuring activities undertaken during the fourth quarter and non-cash charges relating to the company’s convertible debt obligation. Please refer to the attached financial statements for additional non-GAAP information and a reconciliation of GAAP to non-GAAP results as well as information regarding weighted average shares outstanding in each period. Recent Highlights Announced the N-Series Open Hyperscale Transport Platform, a new family of high-density, high-capacity transport products designed for cloud, content, and data center interconnect networks Broadened Cyan’s distribution network with the addition of Kordia New Zealand to provide additional coverage in the South Pacific, Australia and New Zealand Selected by Windstream to help upgrade its regional and metro networks across major markets to 100G Completed a convertible note offering in December generating gross proceeds of $50 million Conference Call Cyan will host a conference call for analysts and investors to discuss its fourth quarter and year 2014 results as well as guidance for its first quarter of 2015 today at 2:00 p.m. Pacific time. To access the live call, please dial 1-888-417-8516 (US or Canada) or 1-719-785-1753 (international) and use the password: Cyan. A telephonic replay of the call will be available from approximately 5:00 p.m. Pacific time on February 18, 2015 until 5:00 p.m. Pacific time on March 4, 2015, and can be accessed by dialing 1-888-203-1112 or 1-719-457-0820 and entering passcode 2379692#. A live audio webcast of the conference call also will be available from the Investors section of the company's website, www.cyaninc.com. Following the webcast, an archived version will be available on the website for 90 days.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: FJB who wrote (26)	2/18/2015 5:08:10 PM
From: FJB	of 47

WHOOP, WHOOP, RED ALERT. They won two RFPs for Blue Planet, one with a Tier ONE. This is going higher!!!

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: FJB who wrote (27)	2/18/2015 5:11:04 PM
From: FJB	of 47

2015 revenue forecast 35 to 45% growth.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: FJB who wrote (28)	2/18/2015 5:23:29 PM
From: FJB	of 47

Dang. They only had two analysts ask questions on the call, or was it three. Anyway, they aren't well followed any more...

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: FJB who wrote (29)	2/18/2015 6:21:27 PM
From: FJB	of 47

Bid $4.25, Ask $4.40 afterhours with no trades actually occurring...

Share	RecommendKeepReply Mark as Last Read

From: FJB	2/18/2015 7:50:50 PM
	of 47

Cyan Claims Carrier Wins, Revenue Jumps lightreading.com One month after increasing its fourth quarter revenue outlook on growing service provider demand, Cyan hit the new mark, reporting $30.5 million in revenue for the quarter, as well as two carrier wins for its Blue Planet SDN/NFV software. (See Cyan Posts Q4 Revenue Jump.) Regarding the carrier deals, Cyan CEO Mark Floyd said on the vendor's earnings call Wednesday afternoon that Cyan earned "two RFP wins for NFV orchestration, one of them from a Tier 1 carrier." He said deployment on these opportunities would begin by the end of the first half of 2015. Difficulty converting much-ballyhooed software trials into revenue has been a source of frustration for the company in recent months, and late last year, Cyan had to seek additional funding to support ongoing operations. The company eventually gained $46.6 million from a senior notes sale. (See Cyan to Net $46.6M in Notes Sale and Cyan Seeks Funding in SDN Squeeze.) Even with the RFP wins, the vendor faces ongoing challenges: Its full year revenue dropped to $100.5 million from about $116.6 million in 2013, and its net loss also grew on a quarterly and yearly basis. Cyan officials said on the call that they are continuing to pursue cost reduction measure across the organization. Cyan last month adjusted its revenue forecast for Q4 to between $30 million and $31 million, up from the earlier estimated range of $24 million to $26 million. Much of the increase came from expanded business opportunities for Cyan at Windstream Communications, the independent telco that traditionally has been the vendor's largest customer. Windstream accounted for $15.8 million of Cyan's total revenue for the fourth quarter (See Cyan Ups Q4 Outlook, Promises SDN Wins.) Overreliance on its Windstream relationship has been considered a weakness at times. However, the two Blue Planet wins, including the emerging opportunity with the unnamed Tier 1 carrier, could help the company start to better diversify its revenue sources, according to Floyd. Cyan also sought to broaden its horizons recently with the launch of a dedicated product for data center interconnection deployments. (See Cyan Targets DCI With 34 Terabit Platform.)

Share	RecommendKeepReply Mark as Last Read

From: FJB	2/19/2015 12:04:57 AM
	of 47

Cyan, Inc. (CYNI) After Hours Trading CYNI $4.40 +15.18% Get CYNI Alerts *Delayed - data as of 02/18/2015 19:00 Read more:http://www.nasdaq.com/symbol/cyni/after-hours#ixzz3SAFByLFx

Share	RecommendKeepReply Mark as Last Read

From: FJB	2/19/2015 7:28:25 AM
	of 47

Moving on to our progress with our Blue Planet SDN and NFV software platform, on our last call we reported that we tracking 15 Blue Planet active evaluations and that we expected to start seeing significant decisions in 2015. Today I'm very pleased to announce we have been awarded two RFP wins for NFV orchestration. One of these wins is with a tier one carrier. To our knowledge, these are the first NFV orchestration RFPs by carriers to be awarded to-date. seekingalpha.com In both cases, Blue Planet was chosen over offerings from much larger competitors. Blue Planet was selected for its ability to orchestrate virtual network functions and services from end to end. In addition, Blue Planet’s ability to orchestrate virtual functions from multiple vendors meets a key customer requirement, and has proven to be a significant competitive advantage.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)