Gaetano(@Gaetano2026):$CIEN just laid out a much stronger long-term growth framework > targeting roughly 30% revenue CAGR from FY26 through FY29. That would take revenue from about $6.4B today to roughly $14B by FY29. At the same time, management is targeting ~50% adjusted gross margins, 32–35% adjusted operating margins, and ~20% free-cash-flow margins. The new Interconnects reporting segment should also make its AI/data-center exposure much easier for investors to see and value. Overall, the update strengthens the case that Ciena’s current growth cycle could extend well beyond FY27 and come with major operating leverage.

Gaetano@Gaetano2026

2026.09.16 18:29

$CIEN just laid out a much stronger long-term growth framework > targeting roughly 30% revenue CAGR from FY26 through FY29. That would take revenue from about $6.4B today to roughly $14B by FY29. At the same time, management is targeting ~50% adjusted gross margins, 32–35% adjusted operating margins, and ~20% free-cash-flow margins. The new Interconnects reporting segment should also make its AI/data-center exposure much easier for investors to see and value. Overall, the update strengthens the case that Ciena’s current growth cycle could extend well beyond FY27 and come with major operating leverage.