Ciena announces fiscal year 2029 financial targets
The company targets 30% revenue CAGR and 50% gross margin by FY2029 while introducing new reporting segments for better financial insight.
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Networking technology and services company
ciena.comLast updated
In short: Ciena reported record fiscal Q3 results on AI-driven demand and set ambitious fiscal 2029 financial targets.
The company targets 30% revenue CAGR and 50% gross margin by FY2029 while introducing new reporting segments for better financial insight.
The acquisition enhances Ciena's photonics capabilities to support AI and cloud infrastructure demands through advanced optical materials.
The new DCI service uses WaveLogic 6 Extreme technology to deliver up to 800G speeds across regional facilities, supporting New Zealand's expanding cloud and AI ecosystem.
The company shares executive insights on performance metrics. Full statements from the quarterly earnings call are available in the official press release.
Ciena reported a 37% year-over-year revenue increase in Q3 FY2026, driven by strong demand related to AI workloads and a robust backlog that reached $8.5...
The target framework moves the debate from quarterly acceleration to execution. Ciena's fiscal third-quarter adjusted operating margin was 22.50 percent, while the fiscal 2029 target...
Ciena stock (ISIN US1717793095) was trading at USD 430.38 on the NYSE on October 6, 2026 at 11:42 a.m. ET, up 10.44 percent from the...
Ciena said at its September 2026 investor forum that it is targeting roughly 30% annual revenue growth from fiscal 2026 ...
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