The Palo Alto, California-based company said it would continue to list its shares on the New York Stock Exchange.
The company said that by withdrawing from the Nasdaq, it would reduce the costs of exchange listing and the administrative burden associated with a dual listing.
A company spokesperson said the company did not foresee any effect of the Nasdaq withdrawal on the liquidity of its stock.
Shares in the company fell nearly 1% to close at $42.07 on the NYSE on Friday, before recovering to $42.20 in after-hours trading.
