Ciena Corporation (NYSE: CIEN) announced financial targets for fiscal year 2029 during its Investor Forum. The company targets a 30% revenue compound annual growth rate from 2026 through 2029.
Management projects an adjusted gross margin of approximately 50%. The company also expects an adjusted operating margin between 32% and 35%.
CFO Marc Graff cited a differentiated product portfolio and new market opportunities as primary growth drivers. Ciena will restructure its financial reporting segments starting in the first quarter of fiscal 2027 to improve performance transparency.