Ciena (CIEN) announced that it has entered into a definitive agreement to acquire Nubis Communications, a privately-held company specializing in high-performance, ultra-compact, low-power optical and electrical interconnects tailored to support AI workloads. The addition of Nubis will expand Ciena’s portfolio and add critical talent to address a wider range of opportunities inside the data center. Ciena will acquire Nubis in an all-cash transaction for $270M, subject to customary adjustments. The transaction is expected to close during Ciena’s Q4.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CIEN:
- Ciena price target raised to $155 from $135 at BofA
- AI Isn’t Dead – It’s Evolving from the Brains to the Body
- Ciena Corporation Navigates Trade Tariff Challenges Amid Global Sourcing Risks
- Lululemon downgraded, Samsara upgraded: Wall Street’s top analyst calls
- Ciena price target raised to $130 from $90 at Needham