Ciena Corporation Announces Fiscal Year 2029 Financial Targets and New Reporting Segments

Ciena Corporation (NYSE: CIEN) announced three-year financial targets for fiscal year 2029, including a revenue CAGR of approximately 30% from 2026 through 2029, adjusted gross margin of approximately 50%, adjusted operating margin in the range of 32% to 35%, and free cash flow margins of approximately 20%. The company also announced a change to its financial reporting segments, effective fiscal 2027.