Ciena Stock Climbs On Three-Year, 30% Revenue Growth Outlook

Ciena (CIEN) stock climbed on Thursday after the optical gear maker announced new financial targets at an investor briefing. The company said it expects a compound annual growth rate of approximately 30% from 2026 through 2029 with adjusted gross margin of about 50%. At the investor day on Wednesday, management also said supply constraints are continuing. "Management introduced a long-term…