NEW YORK (TheStreet) --Shares of Alcatel Lucent SA (ALU) are higher by 2.33% to $3.96 on Tuesday, continuing a gain the company began on Friday when it announced it's in talks with the French security firm Thales SA (THLEY) regarding the sale of its network security unit.
Financial details regarding the deal were not disclosed.
Separately, Bolt Fiber Optic Services, the fiber-to-home subsidiary of Northeast Oklahoma Electric Cooperative, announced today it selected Alcatel Lucent to provide an end-to-end triple play solution and voice over third party service and TV services to communities in rural northeastern Oklahoma.
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TheStreet Ratings team rates ALCATEL-LUCENT as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALCATEL-LUCENT (ALU) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow."