Ciena Reverse Split
It will trade as CIEND for a while.
Ciena (CIEND) completed its planned 1-for-7 reverse split.
The Linthicum, Md., optical networking gear maker said its shares will trade on a split-adjusted basis Monday. For the next 20 trading days or so, Nasdaq will append a "D" to Ciena's stock symbol in order to inform the investment community of the reverse stock split, Ciena said.
The news comes less than a week after
JDSU
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(JDSU)
said it would do a 1-for-8 reverse split next month.
