- Evercore starts Ciena (NYSE:CIEN) at Outperform with a $48 price target, a 21% upside.
- Last week, Ciena reported Q3 beats with 17% Y/Y revenue growth on Networking segment strength.
- Ciena shares are up 0.1% after hours to $39.70. The company has an Outperform average Sell Side rating.
Evercore out bullish on Ciena
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| Symbol | Last Price | % Chg |
|---|---|---|
| CIEN | - | - |
| Ciena Corporation | ||