Ciena (CIEN) Announces $300M Stock Buyback

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Ciena Announces $300 Million Share Repurchase Authorization

December 7, 2017 7:01 AM EST

HANOVER, Md.--(BUSINESS WIRE)-- Ciena® (NYSE: CIEN), a network strategy and technology company, today announced that its Board of Directors has authorized a program to repurchase up to $300 million of the companys common stock through the end of fiscal 2020.

Our share repurchase program reflects the strength of our balance sheet, the stability of our... More