Ciena secures Arctic Way contract and Ciena stock costs EUR 321.10

Ciena Corporation, a network equipment maker, won a turnkey order from Space Norway covering the subsea cable systems to Svalbard and the planned Arctic Way network. The date was 13 October 2026, according to a Space Norway announcement that the financial news site ad-hoc-news.de reported on.

Space Norway said the agreement includes modernization of subsea infrastructure already in operation, plus deployment on Arctic Way. The stated aim is to lengthen the working life of the Svalbard cables and to bring secure connectivity to additional locations.

Arctic Way is expected to begin service in 2028. Its traffic will run among Svalbard, Jan Mayen and mainland Norway. According to the announcement, it is the northernmost subsea cable system in the world.

Ciena will supply design, deployment and optical technology from one end of the network to the other. Among the named equipment are the Ciena 6500 Optical Platform and Spectrum Sharing capabilities, as well as WaveLogic 6 Extreme transponders. The Navigator Network Control Suite is meant to give visibility, control and redundancy in running the network.

On the market side, Ciena shares were priced at EUR 321.10 on 28 October 2026 at 10:37 CET, a quote from Lang & Schwarz. The ticker is CIEN on the NYSE, and the release names the company as supplier of the technology for the project.

Coverage: Ad Hoc News