Tekelec, Ciena: The Next Networking Deal Targets, Cramer Says - Eric Savitz (Barron's)

Sign Up | Log In | What is SocialPicks?

Tekelec, Ciena: The Next Networking Deal Targets, Cramer Says
Oct 14, 2009 01:19 PM UTC

Eric Savitz (Barron's)

Percentile Score: N/A

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
TKLC	n/a
CIEN	n/a
JNPR	n/a
CSCO	n/a
STAR	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Tekelec (TKLC) and Ciena (CIEN) are trading sharply higher this morning after Jim Cramer speculated on Mad Money last night that the two companies could be the next networking equipment companies to be acquired, after yesterday’s news that Cisco (CSCO) is buying Starent (STAR) for $2.9 billion in cash.

He theorized that Juniper (JNPR) could be a suitor for either company. In a post yesterday, I noted that comments from Avian Securities suggesting that Juniper is the company post at risk from the Cisco/Starent deal.

In early trading:

TKLC is up $1.22, or 7.4%, to $17.22.

CIEN is up 78 cents, or 5.8%, to $14.24.

This is not the first time Cramer has been waxing bullish on Tekelec.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.