Orlando, FL -- (SBWIRE) -- 10/25/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Tellabs, Inc. (NASDAQ:TLAB), Juniper Networks, Inc.(NYSE:JNPR).
Tellabs, Inc. (NASDAQ:TLAB) shares gained 0.41% to $2.44. Newman Ferrara LLP on Oct. 21 has begun an investigation into potential claims against the Board of Directors of Tellabs, Inc. concerning the proposed acquisition of Tellabs by global investment firm Marlin Equity Partners. Tellabs has entered into an agreement and plan of merger to be acquired by Marlin Equity Partners in deal valued at approximately $891 million.
Additionally, In light of the October 21 announcement that Tellabs has entered into a definitive merger agreement with entities affiliated with Marlin Equity Partners, Tellabs has cancelled the investor teleconference previously scheduled for Friday, November 1.
Are investors worried about the recent updates with TLAB? Find out with a free trend analysis HERE
Juniper Networks, Inc.(NYSE:JNPR) shares declined 2.41% to $18.59. The company on Oct. 22 reported preliminary financial results for the three months ended September 30, 2013. Net revenues for the third quarter of 2013 increased 6% year-over-year and increased 3% sequentially to $1,186 million. The Company posted GAAP net income of $99 million or $0.19 per diluted share for the third quarter of 2013. The GAAP diluted income per share includes $0.02 impact from restructuring charges. Non-GAAP net income per diluted share increased 14% compared to the second quarter of 2013 and includes a $0.01 benefit from a lower tax rate.
Is JNPR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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