Ciena Targets 30% Revenue CAGR Through 2029, 50% Gross Margin
CIEN has more than doubled off its 52-week low of $132.933.
Summary
Ciena unveiled three-year financial targets projecting 30% revenue CAGR from 2026 to 2029, with adjusted gross margin of 50%, adjusted operating margin of 32-35%, and free cash flow margin of 20%. This follows record Q3 FY2026 results reported on September 3, where revenue grew 37% to $1.67B on AI-driven cloud demand. The new targets signal management's confidence in sustained growth and margin expansion, and the company also announced a shift to new reporting segments (optical systems, interconnects, global services, routing and other) starting fiscal 2027. The segment change will give investors better visibility into growth drivers but may complicate year-over-year comparisons initially.
At the time of this announcement, CIEN was trading at $335.88 on NYSE in the Technology sector, with a market capitalization of approximately $47.6B. The 52-week trading range was $132.93 to $637.51. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.