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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Growth
Company profile

Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company’s segments include Manufactured home (MH) communities, Recreational vehicle (RV) resorts and Marinas. The MH segment owns, operates, develops a portfolio of MH communities and is in the business of acquiring, operating and developing ground up MH communities to provide affordable housing solutions to residents. The RV segment owns, operates, develops a portfolio of RV resorts and is in the business of acquiring, operating and developing ground up RV resorts throughout the United States and in Canada. It also provides leasing services for vacation rentals within the RV resorts. The marina segment owns, operates a portfolio, and develops marinas, and is in the business of acquiring, and operating marinas throughout the United States with the majority of such marinas concentrated in coastal regions and others located in various inland regions.

Closing Price
$188.29
Day's Change
-1.38 (-0.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
190.86
Day's Low
187.72
Volume
(Average)
Volume:
545,335

10-day average volume:
567,182
545,335

Digital Realty Selects Ciena to Drive Scalable Cloud Interconnectivity Across Asia Pacific

9:00 am ET November 8, 2021 (BusinessWire) Print

Digital Realty (NYSE: DLR), the largest global provider of carrier- and cloud-neutral data center, colocation and interconnection solutions and Ciena (NYSE: CIEN), a networking systems, services and software company, have a signed an agreement to deliver an open, secure and dynamic cloud-based interconnectivity to customers across Asia Pacific. As a key milestone on Digital Realty's roadmap for open interconnection, the new connectivity options further enable connected data communities on PlatformDIGITAL(R) through the integration of Ciena's DCI solution.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211108005092/en/

PlatformDIGITAL(R) is a first of its kind global data center platform designed to enable customers to scale digital business. The collaboration with Ciena represents a significant milestone to enhance open interconnection, unlock trapped value and remove legacy barriers to digital transformation as outlined earlier this year in Digital Realty's open letter to the industry. Digital Realty and Ciena will combine expertise to tackle the challenges of data gravity head on and focus on laying the physical and virtual foundations through Ciena's DCI solutions and Digital Realty's Metro Connect service, that aims to truly enable connected data communities and support transformative outcomes for customers across all industries.

The announcement comes at a time when demand for digital infrastructure and access to cloud services is rapidly growing, with the Data Gravity Index DGx(TM) projecting a significant growth in compute power requirements by 2024. This reflects a growing trend among global customers towards deploying and connecting large hybrid data infrastructure footprints across multiple global sites.

"Data gravity across Asia Pacific is reaching incredible new levels with increased digital workflows and massive bandwidth demands driven by 5G, gaming, digital entertainment and Internet of Things (IoT). Enhancing Digital Realty's network with Ciena's coherent optics enables us to not just sell space, power, and security management facilities but also bundle DCI capabilities for customers at the lowest operational cost," says Robert Davidson, APAC Head of Network Strategy at Digital Realty.

Ciena's DCI solution will allow Digital Realty's customers to reach provider ecosystems beyond primary customer deployment, scale data center footprint and establish connectivity between deployments, and enable Digital Realty to be a one-stop shop for interconnectivity. Digital Realty's customers will also have expanded data center options without compromising cloud and network connectivity needs by choosing facilities connected to premium Internet Gateways.

"With a more dynamic network that can adapt to escalating demands, Digital Realty transcends the limitations for on-demand content and positions its customers for success. Ciena's DCI expertise also helps to fast-track Digital Realty's sustainability initiatives to minimize environmental impact and optimize the use of energy to deliver improved performance," says Rick Seeto, Vice President and General Manager, Asia Pacific, Ciena.

Digital Realty is future-proofing data centers to provide maximum performance while improving density and minimizing footprint across Tokyo, Osaka, Singapore, Hong Kong and Sydney to serve the surging demands from enterprises, global content networks (GCNs), and over the top (OTT) players.

"Digital Realty is changing the topography of the Internet across some of the most important and fastest growing metros in the world, particularly in APAC. The region has emerged as the largest data center market and is poised to become an enterprise data powerhouse. The collaboration with Ciena puts Digital Realty in an excellent position to serve the surging demands and enable customers' growth with our combined capabilities and shared interest in a new, sustainable open model for interconnection," says Mark Smith, Managing Director for APAC at Digital Realty.

Digital Realty operates a network of industry-leading data centers in Asia Pacific, with locations in Singapore, Hong Kong, Tokyo, Osaka, Seoul, Melbourne, and Sydney. It is implementing Ciena's 6500 Reconfigurable Line System, Waveserver Ai compact interconnect platform, and Manage, Control and Plan domain controller, enabling high capacity DCI and disaster recovery/backup between data centers.

About Digital Realty

Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL(R), the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture PDx(TM) solution methodology for scaling digital business and efficiently managing Data Gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 291 facilities in 47 metros across 24 countries on six continents. For more information, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

About Ciena

Ciena (NYSE: CIEN) is a networking systems, services, and software company. We provide solutions that help our customers create the Adaptive Network(TM) in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world's most agile networks with automation, openness, and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.

Note to Ciena Investors

You are encouraged to review the Investors section of our website, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use. This press release contains certain forward-looking statements that are based on our current expectations, forecasts, information, and assumptions. These statements involve inherent risks and uncertainties. Actual results or outcomes may differ materially from those stated or implied, because of risks and uncertainties, including those detailed in our most recent annual and quarterly reports filed with the SEC. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies and can be identified by words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211108005092/en/

SOURCE: Ciena Corporation

Media and Industry Analyst Relations 
Helen Bleasdale
Digital Realty
+44 7500 044027
hcbleasdale@digitalrealty.com

Kim Yu
Digital Realty, APAC
+65 8809 6228
kyu@digitalrealty.com

Jamie Moody
Ciena Corporation
+1 (410) 694-5761
pr@ciena.com

Investor Relations 
John J. Steward / Jim Huseby
Digital Realty
+1 (415) 738-6500
investorrelations@digitalrealty.com

Gregg Lampf
Ciena Corporation
+1 (410) 694-5700
ir@ciena.com
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