Sep 25, 2006
1:7
For every 7 shares held, investors received 1.
The split itself did not change the total investment value.
Ciena Corporation (MIL:1CIEN) operates in the Telecommunications equipment industry.
Ciena Corporation company overviewCiena Corporation's most recent stock split was on September 25, 2006. It was a 1-for-7 reverse split, so shareholders received 1 share for every 7 they held.
Ciena Corporation (MIL:1CIEN) has split its stock 2 times: a 2-for-1 split on September 19, 2000 and a 1-for-7 reverse split on September 25, 2006.
Ciena Corporation has split its stock 2 times. This history records 2 splits between September 19, 2000 and September 25, 2006.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Ciena Corporation's 1-for-7 reverse split on September 25, 2006, every 7 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Ciena Corporation has not announced a new split in our records. Its most recent split was on September 25, 2006, 20 years ago. Companies announce splits in advance, and any new MIL:1CIEN split will appear on this page.