Ciena sets 3-year targets: ~30% annual revenue growth, ~50% gross margin as quiet AI winner
kevinsxu · x · 2026-09-17
Optical networking vendor Ciena ($CIEN) issued new 3-year financial targets through 2029:
- 30% annual revenue growth
- 50% gross margin
- 20% free cash flow margin
The author calls Ciena an important but quiet AI buildout beneficiary. CEO Gary Smith took over 25 years ago when the stock traded around $400 (after a $1000 high), steered it through the dotcom bust and a GFC-era all-time low of $5.
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