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Ciena Exits Q3 With $8.5B Backlog and Expects $10B+ by FY2026

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Sig2.56Sen+2.83Env0.00Soc0.00Gov0.00

Ciena exited fiscal 2026’s third quarter with an $8.5 billion backlog, up $800 million sequentially, with orders in early fiscal fourth quarter approaching the prior quarter’s total. The company expects backlog to exceed $10 billion by year-end and is investing in capacity and supply to accelerate absolute revenue growth, ending the quarter with $2.8 billion in cash.

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