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CIENA CORPORATION ANNOUNCES SECONDARY OFFERING OF COMMON STOCK

Ciena Corporation (NASDAQ: CIEN) announced today it has completed a public offering of common stock. A total of 9,110,622 shares were offered by The Company at an offering price of $44 per share. 8,110,622 shares were offered by selling shareholders, and one million shares were offered by The Company.

In light of the significant number of shares becoming eligible for sale on August 7, 1997, the Company anticipates announcing revenues for the quarter ended July 31, 1997 on or about August 6, 1997.

Ciena Corporation is a leading supplier of dense wavelength division multiplexing (DWDM) systems to long distance fiberoptic telecommunications carriers. Ciena's DWDM systems alleviate capacity constraints and enable flexible provisioning of additional bandwidth on high-traffic routes in carriers' networks. Additional information on the company can be found on its World Wide Website: http://www.ciena.com.

A copy of a written prospectus can be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York, 10004. The offering was co-managed in the U.S. by Alex, Brown & Sons Incorporated and Wessels, Arnold & Henderson, L.L.C.