Ciena Corporation (NYSE:CIEN) Q3 2019 Earnings Conference Call - Final Transcript
Sep 05, 2019 • 08:30 am ET
James E. Moylan, Jr.
revenue next year at a rate of roughly double that of current expectations for market growth, which is in the low single digits.
That performance would be consistent with current consensus revenue expectations for 2020. Additionally, we expect to achieve new operational efficiencies and additional leverage as a result of several actions we've taken during the last 12 months to 18 months that will positively impact the business. As a result, we have increased confidence in our ability to achieve our target 15% operating margin in fiscal 2020 and drive meaningful EPS growth. We will provide additional detail on fiscal 2020 during our fourth quarter earnings call in December.
With that operator, we'll now take questions from the sell-side analysts.