Investing.com -- Sprout Social (NASDAQ: SPT) announced the acquisition of NewsWhip, an AI-powered predictive media intelligence company, in a deal worth $55 million in cash plus potential performance-based earnouts of up to $10 million over the next two years.
The transaction, which closed on Tuesday, was funded using Sprout's revolving credit facility and cash reserves. The acquisition aims to expand Sprout Social's footprint in the predictive intelligence... (continue reading...)
Investing.com -- Cantor Fitzgerald upgraded Seagate Technology to Overweight from Neutral, saying the hard drive maker remains well-positioned to benefit from rising cloud storage demand even as the company issued a slightly weaker-than-expected forecast for the current quarter.
Seagate projected September-quarter revenue of $2.50 billion and adjusted earnings of $2.30 per share, both slightly below consensus estimates of $2.53 billion and $2.36, respectively.Cantor said... (continue reading...)
Investing.com -- Samsung, not Intel (NASDAQ: INTC), is best placed to emerge as the world’s leading alternative to Taiwan Semiconductor Manufacturing Co., according to Bernstein.
In a new note examining Samsung’s reported $16.5 billion chip deal with Tesla (NASDAQ: TSLA), Bernstein said the partnership reinforces its view that “the world needs a leading-logic semiconductor producer in addition to TSMC, and that Samsung…is better positioned than Intel to be the... (continue reading...)
Investing.com -- The Bank of Canada kept its benchmark interest rate unchanged at 2.75% on Wednesday, with Governor Tiff Macklem highlighting persistent uncertainty around U.S. trade policy and signs of underlying inflation pressure. Speaking in Ottawa, Macklem said the central bank remains cautious as it navigates a fragile economic landscape shaped by tariffs, volatile global growth, and evolving inflation dynamics.
“Today, Governing Council held the policy interest... (continue reading...)
Investing.com -- In a note to clients on Wednesday, analysts at Wedbush called Palo Alto Networks’ $25 billion acquisition of CyberArk a “strategic home run deal,” positioning the cybersecurity giant to reshape the sector with a major push into identity security.
Under the agreement, CyberArk shareholders will receive $45 in cash and 2.2005 shares of PANW stock for each CYBR share, representing a 26% premium to CyberArk’s 10-day average share price.
Wedbush said the... (continue reading...)
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