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home / news releases / CIEN - Acacia Communications standalone value $95-$110/share Needham says

CIEN - Acacia Communications standalone value $95-$110/share Needham says

Ciena Corporation
Acacia Communications (ACIA) standalone value in the absence of a deal with Cisco (CSCO) is $95-$110/share based on its peer group, according to Needham.Acacia's peer group trades at avg. EV/sales multiple of 4.9x CY22 estimates vs Acadia at 4.0x, according to analyst Alex HendersonExpects that Acacia will prevail in court and that Cisco's lawsuit is just a ``bargaining chip''Sees the news about Acacia walking away from the deal as good for Infinera (INFN) and Ciena (CIEN) as Cisco's Optical Business will be less competitive without AcaciaACIA holding conference call at 5pm today ACIA up 3.1%

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Acacia Communications standalone value $95-$110/share, Needham says
Stock Information
Company Name: Ciena Corporation
Stock Symbol: CIEN
Market: NYSE
Website: ciena.com
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