|By Business Wire||
|December 12, 2013 07:41 AM EST||
Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced the pending transfer of the listing of its common stock to the New York Stock Exchange (NYSE) from the NASDAQ Stock Market (NASDAQ). The Company expects that its common stock will begin trading on the NYSE on December 23, 2013, under its current ticker symbol “CIEN”. The company will continue to trade on the NASDAQ until the transfer is complete.
“Joining the New York Stock Exchange puts us in good company with other leading companies, notably several of our large customers and partners, as we continue to focus on generating long-term value for our shareholders,” said Gary Smith, President and CEO of Ciena. “NYSE’s global leadership and market reach aligns well to our industry position as well as our strategy to continue scaling our business and growing our worldwide presence.”
“We look forward to a long lasting partnership with Ciena, a global leader in next-gen networking solutions,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “As a company that is focused on strong relationships with its customers, driving innovation and expanding their market position, Ciena is a great addition to the NYSE community and we welcome the opportunity to support the company’s continued growth through our platform.”
Ciena is the network specialist. We collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. Ciena leverages its deep expertise in packet and optical networking and distributed software automation to deliver solutions in alignment with OPn, its approach for building open next-generation networks. We enable a high-scale, programmable infrastructure that can be controlled and adapted by network-level applications, and provide open interfaces to coordinate computing, storage and network resources in a unified, virtualized environment. For updates on Ciena news, follow us on Twitter @Ciena or on LinkedIn http://www.linkedin.com/company/ciena. Investors are encouraged to review the Investors section of our website at www.ciena.com/investors, where we routinely post press releases, SEC filings, recent news, financial results, and other announcements. From time to time we exclusively post material information to this website along with other disclosure channels that we use.
Note to Ciena Investors
This press release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. These statements are based on information available to the Company as of the date hereof; and Ciena's actual results could differ materially from those stated or implied, due to risks and uncertainties associated with its business, which include the risk factors disclosed in its Report on Form 10-Q, which Ciena filed with the Securities and Exchange Commission on September 11, 2013. Forward-looking statements include statements regarding Ciena's expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. Ciena assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.