Wells Fargo Downgrades ArcSight (ARST) to Market Perform; HP Acquires ArcSight
ARST Hot Sheet
Rating Summary:0 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Wells Fargo downgrades ArcSight, Inc. (Nasdaq: ARST) from Outperform to Market Perform.
Wells analyst says, "HP (NYSE: HPQ) announced that it has signed a definitive agreement to acquire ArcSight for $43.50 per share or $1.5B in cash. This represents a 24% premium over ARST’s closing price as of Friday and a 54% premium above ARST’s price on August 25, before the Wall Street Journal article regarding M&A speculation."
To see all the upgrades/downgrades on shares of ARST, visit our Analyst Ratings page.
Shares fell $0.16 to close at $43.91 yesterday.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
Wells analyst says, "HP (NYSE: HPQ) announced that it has signed a definitive agreement to acquire ArcSight for $43.50 per share or $1.5B in cash. This represents a 24% premium over ARST’s closing price as of Friday and a 54% premium above ARST’s price on August 25, before the Wall Street Journal article regarding M&A speculation."
To see all the upgrades/downgrades on shares of ARST, visit our Analyst Ratings page.
Shares fell $0.16 to close at $43.91 yesterday.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- UPDATE: UBS Downgrades Wisconsin Energy (WEC) to Neutral; Taking Some Off The Table
- Sterne Agee Raising PT & Estimates on Hewlett-Packard (HPQ); Surprisingly Strong Quarter
- Wedbush Downgrades Maxwell Technologies (MXWL) to Neutral; Elevated Competitive and Supply Chain Risks
Create E-mail Alert Related Categories
DowngradesRelated Entities
Hewlett-Packard/ArcSightSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
