Sees achieving high end of three-year revenue CAGR target one year early. Sees FY26 gross margins 43% plus or minus one point. Says not providing new three-year targets. Sees accelerating longer term goal of 15%-16% operating margin by one year. Sees FY26 OpEx flat to FY25.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CIEN:
- Ciena says ‘on track’ to meet base OpEx spending level for FY25
- Ciena says on track for $85M of share repurchases in Q4
- Ciena working with supply chain to respond to any tariff environment changes
- Ciena says believes Q2 was floor for gross margins, sees improving trends
- Ciena says implementing reduction in headcount, impacts 4%-5% of workforce