Ciena stock: Evercore lifts target for Ciena stock to USD 550.00

Published on 10/19/2026 at 16:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ciena posted USD 1.67 billion revenue in the third quarter of 2026. Ciena stock costs EUR 306.20 on October 19, 2026, up 1.09 percent versus the Xetra close.

Analyst target update

Evercore ISI raised its Ciena target from USD 375.00 to USD 550.00 on September 21, 2026.
Ciena's next earnings report is scheduled for December 9, 2026.
Ciena stock costs EUR 306.20 at Lang & Schwarz on October 19, 2026 at 4:42 p.m. CEST, 1.09 percent above the Xetra close of October 16, 2026.
Ciena has a USD 48.6 billion market capitalization and a P/E ratio of 76.48 as of October 19, 2026.

CIEN, US1717793095, Illustration mit AI erstellt.

Evercore ISI raised its Ciena target from USD 375.00 to USD 550.00 on September 21, 2026, according to MarketScreener. The new target is 60.57 percent above Ciena's USD 342.54 price on the NYSE at 10:54 a.m. EDT on October 19, 2026. Ciena stock was trading at EUR 306.20 at Lang & Schwarz on October 19, 2026 at 4:42 p.m. CEST, up 1.09 percent versus the Xetra close.

Results date comes next

Ciena's next earnings report is scheduled for December 9, 2026, before the U.S. market opens, according to Sync2Cal. The calendar identifies the release as the fourth quarter of fiscal 2026 and lists consensus estimates of USD 2.13 earnings per share and USD 1.80 billion revenue.

Stock stays below yearly high

The NYSE price of USD 342.54 stood between Ciena's USD 159.56 to USD 637.51 52-week range on October 19, 2026. It was 46.27 percent below the high and 114.67 percent above the low. Trading volume was 654,843 shares, compared with an average volume of 2,535,857 shares on the same date.

Valuation remains elevated

Ciena's market capitalization was USD 48.6 billion and its P/E ratio was 76.48 on October 19, 2026. The valuation places the analyst target in a demanding setting: the USD 550.00 objective requires the company to sustain the growth assumptions behind the September target update.

Comparison with peers

Ciena (NYSE, USD): plus 2.95 percent, P/E 76.48, market capitalization USD 48.6 billion.
Cisco Systems (NASDAQ, USD): minus 0.37 percent, P/E 32.15, market capitalization USD 421.8 billion.
Arista Networks (NYSE, USD): plus 2.71 percent, P/E 57.31, market capitalization USD 229.3 billion.

Price and calendar frame

The difference between the euro quote and the home-exchange price reflects separate trading venues and currencies. For investors, the December reporting date is the next concrete checkpoint for testing the growth expectations embedded in the USD 550.00 target.

At Lang & Schwarz, Ciena stock was trading at EUR 306.20 on October 19, 2026 at 4:42 p.m. CEST, 1.09 percent above the Xetra close of October 16, 2026 at EUR 302.90. The further course of trading is shown by the continuously updated real-time quote of Ciena stock.