Ciena does not pay dividends, therefore we do not offer a dividend re-investment plan. As a participant in a highly competitive market, Ciena believes that earnings are best utilized by continued investment in new product development and pursuit of new market opportunities.
Ciena had a 2 for 1 stock split in which shares became actively trading on September 19, 2000. Prior to the split, on September 18, 2000, Ciena's stock closed at $207.00.
Ciena had a 1 for 7 reverse stock split which became effective at 5:00 p.m., Eastern Time, on Friday, September 22, 2006. When the stock opened on Monday, September 25, it began trading on a split-adjusted basis and closed on that day at $29.68.
Ciena does internally monitor the chat rooms, however, as a policy, employees of the Company are prohibited from participating in them. Ciena considers the content of these chat rooms and message boards to be speculative and recommends that investors monitor the Company's public announcements for the most up-to-date information.
Ciena has an internal policy which prohibits the Company from commenting on any market rumors. All issued press releases from the Company will be posted on our web site immediately following distribution to the major news wires.
Ciena does offer a mailing list for distribution of future Company announcements. We also provide an e-mail list for your convenience. If you are interested in being placed on one of Ciena's distribution lists, please fill out this form.
Ciena's fiscal year is posted here. Ciena has a 52 or 53 week fiscal year, which ends on the Saturday nearest to the last day of October in each year. Our quarters also end on Saturdays, most often in 13-week increments, except during a 53 week fiscal year when there is one 14 week quarter. For purposes of financial statement presentation, we describe our quarters as ending on January 31, April 30, and July 31 and our fiscal year as ending October 31.
To hold in street name means that your securities are recorded in your broker-dealer's name on the books of the issuing company or its designated transfer agent, and in your name on the books of the broker-dealer. Trading information will be sent by your broker-dealer as well as regular account statements and all other activity related to your investment. Stockholder materials, such as proxies, annual reports, or notices of corporate actions will be sent automatically by your broker-dealer as well.