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
- Ciena Corporation (CIEN) Rose on Improved Demand [Yahoo! Finance]Yahoo! Finance
- Ciena Announces Reporting Date and Web Broadcast for Fiscal Fourth Quarter and Year End 2024 ResultsBusiness Wire
- euNetworks First to Deploy 1.6 Tb/s Coherent Solution in Europe with Ciena’s WaveLogic 6 ExtremeBusiness Wire
- Private 5G Network Market Report and Competitive Intelligence 2024, including Companies' Market Shares, Recent M&A Activity and Venture Funding [Yahoo! Finance]Yahoo! Finance
- Is There An Opportunity With Ciena Corporation's (NYSE:CIEN) 35% Undervaluation? [Yahoo! Finance]Yahoo! Finance
CIEN
Earnings
- 9/4/24 - Beat
CIEN
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/15/24 - Form 144
- CIEN's page on the SEC website