From recent press: at least one analyst set a target price of $43.00 per share, or $7.00 above the offer price. Additionally, the Company's shares traded above the offer price as recently as December 8, 2015 when CVT shares sold for $37.25. Further, CVT recently announced positive financial results for fiscal year 2015. It reported revenue of $187.7 million, representing an increase of 32% year-over-year. Finally, in its forward looking statements, the Company reported that it expected revenue in the first quarter of 2016 to be in the range of $51- $51.5 million, representing growth of 24%- 25% year-over-year.
I'd like to see it raised to at least $40 per share in order to take most of the above into account.
Nearly 10% / Over 11 Million Shares Shorted... When / if a short squeeze comes along you will see INFN do what you expect it to. Until then, the shorts here are strong and smart and all crawling all over this stock like a bad case of ants... Several companies are shopping and buying other companies right now, and in some cases their offers are being rejected or contested. Infinera has the products that make streaming and eventually online VR a possibility so, at 2 billion, it would be a great purchase for any of the big cloud companies.
You know that CVent would be a great fit for any of the above and the current offer is way too low...
How are these related... Travel is often business related... When business men/women travel they are often attending a corporate event... The crossover and the connection is much bigger than many realize... This is why any of the above would be smart to add CVent to their offerings