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) announced its three-year financial targets during its Investor Forum in Ottawa, projecting a revenue compound annual growth rate (CAGR) of approximately 30% from 2026 through 2029. The company aims for an adjusted (non-GAAP) gross margin of around 50%, an adjusted operating margin between 32% and 35%, and free cash flow margins of approximately 20%.