Ciena targets 30% annual revenue growth through fiscal 2029

Ciena ($CIEN) set a target of approximately 30% compound annual revenue growth from fiscal 2026 through fiscal 2029. Its three-year plan also calls for an adjusted gross margin near 50%, an adjusted operating margin of 32–35%, and a free-cash-flow margin around 20%. Management linked the objectives to customer demand, expanding supply capacity and additional addressable markets.

The targets are forward-looking ambitions presented at an investor forum, not results already achieved or guaranteed growth rates. Ciena also plans to change its financial reporting structure from fiscal 2027, introducing Optical Systems, Interconnects, Global Services, and Routing and Other segments. The new structure is intended to make performance across its growth markets more visible. The announcement combines a substantially expanded financial ambition with a change in how future results will be reported.

Sources:

• Ciena — fiscal 2029 targets, Business Wire reprint