Ciena Provides 3-Year Financial Targets, Sees Revenue CAGR Of ~30% From 2026 Through 2029; Adjusted (Non-GAAP) Gross Margin Of ~50%; Adjusted (Non-GAAP) Operating Margin In The Range Of 32% To 35%; And Free Cash Flow Margins Of ~20%.

Ciena® Corporation (NYSE:CIEN), the global leader in high-speed connectivity, held its Investor Forum today at its R&D facility in Ottawa, Ontario, Canada and announced its three-year financial targets. These targets are set forth below.

Ciena’s three-year financial targets for fiscal year 2029 include:

• Revenue CAGR of approximately 30% from 2026 through 2029;
• Adjusted (non-GAAP) gross margin of approximately 50%;
• Adjusted (non-GAAP) operating margin in the range of 32% to 35%; and
• Free cash flow margins of approximately 20%.