Ciena Announces $1 Billion Share Repurchase Authorization
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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Source: Business Wire
HANOVER, Md.--(BUSINESS WIRE)--Ciena (NYSE: CIEN) today announced that its Board of Directors has authorized a program to repurchase up to $1 billion of the company’s common stock, commencing in fiscal year 2025 and continuing through the end of fiscal year 2027.“Our new share repurchase program reflects the confidence we have in the ongoing strength of our business, cash generation, and operating results. It also highlights the competitive advantage we enjoy with our robust balance sheet,” said Ciena’s Chief Financial Officer James E. Moylan, Jr. “As we approach the completion of fiscal year 2024 and successfully wrap up our existing three-year repurchase program, this step demonstrates our continued priority to return capital to shareholders as part of our strategic and operating plans.”Ciena may purchase shares at management’s discretion in the open market, in privately negotiated transactions, in transactions structured through investment banking institutions, or a combination
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CIEN
Earnings
- 9/4/24 - Beat
CIEN
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- CIEN's page on the SEC website