Optiva Inc. Announces Results of Annual Meeting
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. ("Optiva" or the "Company") (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that Patrick DiPietro, Lee Matheson, Simon Parmar, Robert Stabile, Barry Symons, and Birgit Troy were elected to the Company's board of directors (the "Board") at the Company's annual meeting of holders of common shares held earlier today (the "Meeting"). In addition, a resolution was carried at the Meeting to re-appoint KPMG LLP as the auditor of the Company and to authorize the Board to fix the auditor's remuneration.
Detailed results of the votes are as follows:
1. Election of Directors
Nominee
Number of Shares For
Number of Shares Against
Patrick DiPietro
3,593,271
96.42%
133,302
3.58%
Lee Matheson
3,590,516
96.35%
136,057
3.65%
Simon Parmar
3,590,516
96.35%
136,057
3.65%
Robert Stabile
3,590,517
96.35%
136,056
3.65%
Barry Symons
3,590,516
96.35%
136,057
3.65%
Birgit Troy
3,590,517
96.35%
136,056
3.65%
2. Appointment and Remuneration of Auditor
Appointment of KPMG LLP as the auditor of the Company and authorizing the Company's board of directors to fix the remuneration of the auditor.
Number of Shares For
Number of Shares Withheld
3,879,708
99.80%
7,788
0.20%
About Optiva Inc.
Optiva Inc. is a leading provider of mission-critical, cloud-native, agentic AI-powered revenue management software for the telecommunications industry. Its products are delivered globally on the private and public cloud. The Company's solutions help service providers maximize digital, 5G, IoT and emerging market opportunities to achieve business success. Established in 1999, Optiva Inc. is listed on the Toronto Stock Exchange (TSX:OPT). For more information, visit www.optiva.com.
For additional information, please contact:
Media Inquiries
Investor Relations
Misann Ellmaker
investors-relations@optiva.com
media@optiva.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Quantum Computing (QUBT) Loses 7.3% on Sudden Management Shakeup
Quantum Computing Inc. (NASDAQ:QUBT) is one of the . Quantum Computing fell for a third straight day on Monday, losing another 7.31 percent to close at $17.50 apiece as investor sentiment was dampened by a sudden management shakeup in the company. This followed the sudden retirement of Christopher Boehmler as Quantum Computing Inc.'s (NASDAQ:QUBT) chief finance officer, effective last Thursday, June 19. While Quantum Computing Inc. (NASDAQ:QUBT) said that Boehmler's decision was not due to any management disagreement, his sudden resignation was received in a negative light. Boehmler was replaced by Christopher Roberts, 70, who was the company's CFO between 2018 and 2023, before serving as a consultant from 2023 to 2025. In other news, Quantum Computing Inc. (NASDAQ:QUBT) said it was able to raise $200 million in fresh funds through the private placement of more than 14 million common shares at a price of $14.25 apiece. A data analyst pouring over a chart, the intricacies of its lines being revealed. Quantum Computing Inc. (NASDAQ:QUBT) said it plans to use the proceeds to accelerate commercialization efforts, strategic acquisitions, working capital, and general corporate purposes. While we acknowledge the potential of QUBT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Marriott International, Inc. (MAR): A Bull Case Theory
We came across a bullish thesis on Marriott International, Inc. (MAR). on Incremental Returns' Substack. In this article, we will summarize the bulls' thesis on MAR. Marriott International, Inc. (MAR). 's share was trading at $257.91 as of 16th June. MAR's trailing and forward P/E were 29.34 and 25.45 respectively according to Yahoo Finance. Aerial view of a luxury hotel tower surrounded by lush green landscaping. Marriott has built a brand synonymous with quality and consistency, offering a spectrum of accommodations from luxury to budget-conscious options. But its true competitive strength lies beyond branding—in the strategic architecture that sustains its moat. Marriott's long-term management and franchise agreements, often starting at 20 years and renewable up to 50, create formidable barriers to entry. In a physically constrained hotel market, this allows Marriott to lock in prime locations and effectively block out competition for decades. For hotel owners, switching from Marriott can be financially perilous. Exiting the Marriott system not only severs access to its massive Bonvoy loyalty base—which accounted for over half of global room nights in 2022—but also risks a drastic drop in bookings and revenue, putting hotel operators' leveraged assets at risk. Additionally, aligning with a new brand may require expensive renovations to meet updated brand standards. Marriott makes switching both economically and operationally unappealing. On the customer side, Bonvoy further enhances retention by leveraging loss aversion psychology; guests feel committed to the ecosystem to maximize their points, discouraging defection to other chains. With Bonvoy now the largest hotel loyalty program globally, Marriott enjoys network effects that reinforce its leadership. More members make the platform attractive to hotel owners, while more participating hotels make the program more valuable to travelers. The recent partnership with MGM Resorts, adding over 40,000 Las Vegas rooms, exemplifies this flywheel. Altogether, Marriott presents a powerful case for long-term investment, combining durable customer loyalty, high franchise stickiness, and the compounding benefits of a scaled ecosystem. Previously, we highlighted on Marriott Vacations Worldwide (VAC) by Psychological_Ad4317 on the Value Investing subreddit, as a deep value play trading at historically low multiples with a 5% yield and insider buying signalling confidence. The stock has appreciated by roughly 19% in price since then. The thesis on Marriott International (MAR) builds on the brand's strength from a quality-income lens to a network-moat thesis, emphasizing its franchise durability and Bonvoy-driven customer and owner stickiness. Marriott International, Inc. (MAR). is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 60 hedge fund portfolios held Marriott International, Inc. (MAR). at the end of the first quarter which was 69 in the previous quarter. While we acknowledge the risk and potential of MAR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
Carnival Corp's Free Cash Flow Surges - CCL Stock Looks Deeply Undervalued
Carnival Corp. (CCL) reported strong EBITDA and net income results today for its fiscal Q2 ended May 31 and raised guidance for the year. Moreover, its free cash flow more than doubled, and FCF margins skyrocketed. That leaves CCL stock undervalued by at least 34% at $34.62 per share. This article will show why. CCL is at $25.74 in midday trading on Tuesday, June 24, up over 7% for the day. However, based on its strong FCF margins and analysts' revenue forecasts, CCL stock could be worth substantially more, as this article will show. $2M Insider Buy on Robinhood Makes History: Should You Buy HOOD Stock, Too? Long-Term Bull Put Spread Provides Opportunities for Walmart Bulls Exelon Corp (EXC) Draws Bullish Options Bets After Unusual Volume Spike Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! I previewed this result in my last Barchart article, on May 11 ("Carnival Corp's Free Cash Flow Could Surprise Analysts - Is CCL a Buy Here?). I showed how CCL stock could be worth $28.28 per share. Based on its strong FCF margins, I think CCL could be worth over one-third more than its present price, or $34.62 per share. Here is why. Let's cut to the chase here. You can read their earnings report, with lots of stats, and management's guidance (which is now higher). But the most important fact, from an investor's standpoint, is the amount of free cash flow (FCF) Carnival generated. That can be seen on page 11 of the report. The problem is that Carnival does not explicitly publish its free cash flow (FCF), and you have to calculate it. I have done that in the table below. It shows that for the quarter ending May 31, Carnival generated over $1.54 billion in free cash flow, since FCF equals operating cash flow less capex. That represented over 23.4% of its revenue. For the six months ending May 31, its FCF margin was 15.3%. That implies its future FCF margin could average about 19.35%. We can use that to forecast FCF going forward. Given management's higher revenue guidance and using analysts' forecasts, we can project out its next 12 months (NTM) free cash flow. Analysts now project between $26.11 billion in revenue this year (to Nov. 2025) and $27.12 billion next fiscal year. That implies its run rate for the NTM is $26.615 billion. But analysts are likely to revise their sales forecast upward after today's results. So, let's forecast $27 billion in NTM sales. Applying an average of a 19.35% margin results in over $5 billion in FCF: $27b NTM sales x 19.35% = $5.23 billion NTM FCF Just to be conservative, let's use a $5 billion FCF forecast to value the stock. Today, Carnival Corp has a market value of $34.75 billion at $25.74 per share. So, if the market assumes its 6-month $1.859 billion FCF doubles (i.e., $3.718b forecast) that means it is trading on a 10.69% FCF yield: $3.718b / $34.75b mkt cap = 0.1069 = 10.69% FCF yield Therefore, if we apply this to our $5 billion forecast, its projected NTM market cap is over $46.7 billion: $5b / 0.107 = $46.73 billion NTM market cap That implies its market value could rise by 34.5%: $46.73b / $34.75b = 1.345 = +34.5% In other words, CCL stock is worth at least 34.5% more: $25.74 x 1.345 = $34.63 p/sh That is why CCL stock looks deeply undervalued here. Moreover, analysts tend to agree. For example, Yahoo! Finance shows that 29 analysts have an average price target of $28.55 per share. That is higher than the $27.55 average price I reported in my last Barchart article a month ago. Similarly, Barchart's mean survey price is now $28.17, up from $27.67 a month ago. However, which tracks recent analyst recommendations and price targets, shows that 20 analysts now have an average price target of $30.03. That is up from $26.51 a month ago. The bottom line is that AnaChart's average price target is 16.7% higher than today's price. Moreover, after today's results, expect to see these average price targets rise, just as I raised my target price. As a result, both from a free cash flow standpoint, and using analysts' price targets, CCL stock looks deeply undervalued. However, there is no guarantee this target can be reached anytime soon. It makes sense to set a lower buy-in target by shorting out-of-the-money (OTM) puts, as I described in my last article. For example, last month I suggested shorting the $19.00 and $20.00 puts expiring May 20. The short seller would have made 3.68% and 5.45% respectively from these plays. CCL stock remained out-of-the-money on June 20 (i.e., it closed at $23.77). So, the short seller had no obligation to buy shares at the strike prices. Today, the July 18 expiry period shows that the $24.00 put option strike price has a premium of $0.32, and the $24.50 is at $0.44. That means that a short seller of the $24.00 put makes an immediate yield of 1.333% (i.e., $0.32/$24.00) and the $24.50 put has a short-put yield of 1.80% (i.e., $0.44/24.50). Note that these two strike prices are between 4.5% and 6.5% out-of-the-money (i.e., below the trading price). That means that using a 50/50 mix of these two strike prices, an investor could make an average yield of $1.567% over the next month: $32+44 = $76 income $76 / ($2400 +$2,450) = $76/$4850 = 0.01567 = 1.567% 1 month yield Moreover, given the immediately received income, the investor's breakeven would be $23.87 (i.e., ($4850-$76)/200 shares = $23.87)), or 7% below today's trading price. The bottom line is that this is a great way to set a lower buy-in price target for investing in CCL stock. Moreover, the investor's upside is over +45%: $34.63 target price /$23.87 breakeven price = 1.45 = +45% Meanwhile, an investor gets paid over 1.5% to be willing to buy the stock at an average price of 24.25 using a mix of these two short-put plays. So, given Carnival Corp's strong free cash flow, analysts' price targets, and the short-put plays available, CCL looks deeply undervalued here. On the date of publication, Mark R. Hake, CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data