---
schema_version: "secwatch.filing_event.v1"
accession: "0000936395-24-000035"
form_type: "8-K"
ticker: "CIEN"
cik: "0000936395"
company_name: "CIENA CORP"
filed_at: "2024-10-02T23:59:59+00:00"
generated_at: "2026-05-30T22:55:37.919530+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ciena authorizes $1 billion share repurchase program through FY2027

## Summary
- Board authorized up to $1.0B in common stock repurchases starting FY2025 through end of FY2027.
- Shares may be bought in open market, privately, or via Rule 10b5-1 plans at management discretion.
- CFO James Moylan cited confidence in business strength, cash generation, and shareholder return priority.
- Program replaces existing three-year repurchase plan; funded by cash on hand or operations.
- Repurchase timing depends on liquidity, cash flow, stock price; program may be modified or suspended.

## SEC filing metadata
- accession: 0000936395-24-000035
- form_type: 8-K
- ticker: CIEN
- cik: 0000936395
- company_name: CIENA CORP
- filed_at: 2024-10-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936395/000093639524000035/0000936395-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936395/000093639524000035/cien-20241002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936395-24-000035
- JSON: https://secwatch.observer/filing/0000936395-24-000035.json
- Plain text: https://secwatch.observer/filing/0000936395-24-000035.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.