Ciena shares rose after the company set a 30% revenue CAGR target for 2026-2029 and forecasted 50% adjusted gross margins, despite ongoing supply chain constraints.
Ciena announced a 30% CAGR revenue growth target for 2026-2029 and approximately 50% adjusted gross margin, driving bullish sentiment.
Ciena stock rallied following an investor briefing where the optical gear manufacturer unveiled ambitious long-term financial targets. The company projects a 30% compound annual growth rate for revenue between 2026 and 2029, alongside adjusted gross margins reaching approximately 50%.
Ciena aims to achieve a 30% compound annual growth rate in revenue and maintain adjusted gross margins of approximately 50%.