Ciena Corporation
Ciena Authorizes $1 Billion Share Repurchase Program
Summary
On October 2, 2024, Ciena Corporation announced that its Board of Directors has authorized a program to repurchase up to $1.0 billion of the company's common stock, commencing in fiscal year 2025 and continuing through the end of fiscal year 2027. The repurchases will be made at management's discretion, and the program may be modified, suspended, or discontinued at any time. The share repurchase program will be funded with cash on hand or cash generated from operations.
Profitelligence Alerts
Get alerts for CIEN
Be first to know when Ciena Corporation files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Ciena Corporation
Ciena Corporation is a prominent player in the telecommunications equipment and network strategy sector. The company primarily focuses on providing solutions that facilitate high-capacity, adaptable networking through optical communications. Ciena's offerings include networking systems, services, and software, expertly designed to enhance the performance of communication networks globally. These solutions serve key industries such as telecommunications, cable, and enterprise businesses, enabling them to manage and optimize vast volumes of data traffic efficiently. By deploying Ciena's technology, organizations can improve network reliability, scalability, and speed, addressing the ever-growing demand for seamless data connectivity and communication. Headquartered in Hanover, Maryland, Ciena Corporation plays a critical role in the market as it adapts to technological advancements and trends such as 5G, cloud migration, and the increasing necessity for robust digital infrastructure. Through its pioneering developments, Ciena continues to contribute to the transformation of global communication networks.
Official SEC Documents
Advertisement