Ciena has announced a $1 billion share repurchase program, authorized by its Board of Directors, set to begin in fiscal year 2025 and run through the end of fiscal year 2027. Ciena says this initiative follows the completion of its current repurchase program and demonstrates confidence in its financial strength and continued business performance. The repurchase program allows Ciena to buy back its common stock over the next three years, using cash from its operations or cash on hand.
• Ciena authorizes a $1 billion share repurchase program from fiscal 2025 to 2027.
• Repurchases will be funded with cash on hand or generated from operations.
• The company will buy back shares through open market or private transactions, with flexibility based on market conditions.
• Ciena’s repurchase program follows the successful completion of its previous three-year program.
