Ciena targets ~30% revenue CAGR through 2029, reorganizes reporting segments

Ciena laid out long-term targets: ~30% compound annual revenue growth from 2026 through 2029. For FY29, it targets ~50% adjusted gross margin and ~20% free cash flow margin. The company will reorganize reporting into four segments starting fiscal Q1: Optical Systems, Interconnects, Global Services, and Routing & Other, to highlight its AI data center interconnect business.