Compellent (CML) shares spiked today on a report that the company has held preliminary talks with investment banks Qatalyst Partners and Morgan Stanley to consider strategic options, including a potential sale of the company.
Citing “a source familiar with the situation,” Reuters reports that the company, a frequent subject of takeover rumors, has held preliminary meetings with the investment banks seeking advice. Qatalyst advised 3Par (PAR) during the frenzied bidding war for the company between Hewlett-Packard (HPQ) and Dell (DELL). (HP won, you will recall.)
The company and the banks have all declined comment.
Meanwhile, Compellent this afternoon reported better-than-expected results for the third quarter. The company posted revenue of $42.1 million and non-GAAP profits of 15 cents a share, ahead of the Street consensus at $38.1 million and 4 cents.
CML rose $1.93, or 10.9%, to $19.70 in the regular session; after hours, the stock is up another $1.30, or 6.6%, to $21.
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