Evercore raises target for Ciena stock from USD 375 to USD 550

Published on 10/23/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Evercore raised its target from USD 375 to USD 550 on September 21, 2026. Ciena stock costs EUR 300.15 on October 23, 2026.

Guidance and growth outlook

Ciena reported USD 1.67 billion in fiscal third-quarter revenue on September 3, 2026.
The company expects fiscal 2027 revenue of USD 8.30 billion to USD 8.40 billion.
Ciena stock was trading at EUR 300.15 at 11:13 a.m. CEST at Lang & Schwarz on October 23, 2026.

CIEN, US1717793095, Illustration mit AI erstellt.

Ciena Corporation (ISIN US1717793095) reported fiscal third-quarter revenue of USD 1.67 billion on September 3, 2026, up 37 percent from a year earlier. The result came with adjusted earnings per share of USD 2.11 and a record adjusted operating margin of 22.50 percent, according to the company's earnings-call transcript carried by Yahoo Finance.

Guidance moves higher

Management raised fiscal 2026 revenue guidance to USD 6.42 billion, including a fourth-quarter revenue expectation of USD 1.75 billion plus or minus USD 50 million. The same transcript said adjusted operating margin for fiscal 2026 should reach 20 percent to 21 percent, while fiscal 2027 revenue is expected to grow at least 30 percent to USD 8.30 billion to USD 8.40 billion.

The operating figures matter because supply capacity remains a constraint on the expansion. Ciena exited fiscal third quarter with an USD 8.50 billion backlog, an USD 800 million increase during the quarter, while management expects the backlog to pass USD 10 billion by the end of fiscal 2026, according to Yahoo Finance.

What changed for the stock?

Evercore ISI upgraded Ciena from In Line to Outperform on September 21, 2026, and raised its price target from USD 375 to USD 550, as reported by Yahoo Finance. The valuation case depends on sustained sales growth above 30 percent and continued earnings expansion, while the company has highlighted component availability as a practical limit.

Three recent milestones

On September 3, 2026, Ciena reported USD 1.67 billion in fiscal third-quarter revenue. On September 16, 2026, the company outlined fiscal 2029 targets including approximately USD 14.00 billion in revenue and adjusted operating margins of 32 percent to 35 percent, according to Substack. On October 22, 2026, Ciena's US-listed stock fell 10.72 percent to USD 322.61, according to Global Banking and Finance.

Next reporting date

The next earnings date is December 9, 2026, according to InvestBamboo. That report will show whether the backlog and early fiscal 2027 outlook are translating into additional revenue and margin gains.

Stock trades after the Xetra close

Ciena stock was trading at EUR 300.15 at Lang & Schwarz on October 23, 2026 at 11:13 a.m. CEST. The primary listing is on the NYSE, where the stock last traded at USD 322.64 on October 22, 2026, according to structured market data.

The further course of trading is shown by the continuously updated real-time quote of Ciena stock.