On December 4, 2023, Jana Partners LLC announced that it is pushing Frontier Communications Parent, Inc. to initiate a strategic review, including a potential sale of the Company, arguing that its shares will continue to lag unless corrective action is taken. Jana Partners in the letter stated that the Company's board should evaluate a possible sale of the Company, a strategic partnership or joint venture, and selling off some non- core assets to speed up the Company's transition to a pure-play fiber provider.
Frontier Communications Parent, Inc.
Equities
FYBR
US35909D1090
Integrated Telecommunications Services
Real-time Estimate
Other stock markets
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5-day change | 1st Jan Change | ||
26.91 USD | -0.52% | +3.76% | +6.75% |
May. 14 | Activist Jana Partners built position in QuidelOrtho in first quarter, sources say | RE |
May. 14 | Activist Jana Partners built position in QuidelOrtho in first quarter, sources say | RE |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+6.75% | 6.72B | |
+13.89% | 206B | |
+6.42% | 169B | |
+1.66% | 119B | |
-11.09% | 81.78B | |
+15.51% | 71.14B | |
+4.32% | 61.25B | |
-5.94% | 50.61B | |
-29.29% | 39.59B | |
-18.53% | 38.16B |
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- Jana Partners Calls for Strategic Review at Frontier Communications