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Ciena Targets 30% Revenue Growth Through 2029

Projecting a 30% compound annual growth rate over the next three years, Ciena has unveiled an ambitious financial roadmap for the 2026–2029 period. The networking firm’s outlook hinges on a strategic shift in reporting segments designed to provide investors with a sharper view of its core high-growth markets.

Ciena Targets 30% Revenue Growth Through 2029

Chief Financial Officer Marc Graff stated that these targets reflect both market opportunities and confidence in the company’s ability to execute. Alongside the revenue projection, Ciena anticipates maintaining an adjusted gross margin of 50%, with adjusted operating margins expected to land between 32% and 35%. The company also forecasts free cash flow margins of 20%.

Starting in fiscal 2027, the company will reorganize its financial reporting into four distinct segments: optical systems, interconnects, global services, and routing. This transition aims to align financial disclosures with Ciena’s evolving market focus, offering stakeholders improved transparency into how different business units contribute to the firm's bottom line.

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