Harmonic rises as activist investor pushes for sale [Yahoo! Finance]
Ciena Corporation (CIEN)
Last ciena corporation earnings: 3/5 07:00 am
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Source: Yahoo! Finance
has called for the company to explore strategic alternatives, including a potential sale. The firm, a significant shareholder in the broadband technology company, released a presentation outlining what it sees as an opportunity for near-term value creation. "Ancora sees an attractive alternative path for Harmonic (NASDAQ:HLIT) shareholders: a strategic review aimed at a value-maximizing sale that would likely attract significant acquirer interest," Ancora said in its presentation. The investor group claims Harmonic's stock, currently trading around $12, is undervalued due to poor investor communication and believes the company could command a price of approximately $20 per share in a sale to a well-capitalized buyer. Ancora specifically highlighted Ciena (NYSE:CIEN) Corporation as a potential acquirer. They stated: "There is a clear opportunity for Harmonic to attract interest from well-capitalized acquirers, such as Ciena Corporation." In its presentation, Ancora emphasized
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CIEN
News
- Jefferies Names Ciena Corporation (CIEN) a Top Idea for 2025, Highlighting AI-Driven Traffic Growth and Optical Networking Leadership [Yahoo! Finance]Yahoo! Finance
- A Dive into Ciena (CIEN) International Revenue Trends and Forecasts [Yahoo! Finance]Yahoo! Finance
- Ciena Co. (NYSE: CIEN) had its price target raised by analysts at Citigroup Inc. from $84.00 to $98.00. They now have a "buy" rating on the stock.MarketBeat
- Ciena's Strong 2025 Outlook Wins Analyst Confidence: AI Bandwidth And Optical Market Expansion In Focus [Yahoo! Finance]Yahoo! Finance
- CIEN's Q4 Earnings Lag, Sales Beat, Stock Rallies 15% on Solid View [Yahoo! Finance]Yahoo! Finance
CIEN
Earnings
- 12/12/24 - Beat
CIEN
Sec Filings
- 12/20/24 - Form 10-K
- 12/19/24 - Form 4
- 12/19/24 - Form 4
- CIEN's page on the SEC website