Seeking Alpha

Ciena higher following Tellabs deal

  • Ciena (CIEN +2.1%) is rallying after struggling telecom equipment rival Tellabs announced it's being acquired for $891M by investment firm Marlin Equity.
  • Ciena's market cap ($2.85B) is considerably larger than Tellabs', and (unlike Tellabs) the company has been taking share in recent quarters rather than losing it.
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