Upland Software (UPLD), a leading provider of cloud-based enterprise work-management software, has been making headlines. This article delves into the key factors influencing Upland’s stock performance, analyzing its earnings estimates, revenue growth, valuation metrics, and Zacks Rank to help investors make informed decisions.
IBM has agreed to acquire cloud software provider HashiCorp for $35 per share in cash, valuing the deal at $6.4 billion net of cash. The acquisition is expected to be accretive to IBM’s earnings and cash flow in the future. However, IBM’s first-quarter revenue fell short of analysts’ estimates, marking the third revenue miss in the past five quarters. Revenue from software, consulting, and infrastructure services all came in below expectations, despite an increase in overall revenue of around 1.5% year-over-year. IBM shares dipped 3% in extended trading after the announcement.
IBM is reportedly in discussions to acquire cloud software company Hashicorp Inc, sending its stock soaring by 22%. The potential deal, which could materialize within days, would bolster IBM’s cloud offerings and enhance Hashicorp’s market reach.
HashiCorp shares surged on Tuesday after media reports speculated about a potential acquisition by tech giant IBM. The cloud software provider’s stock climbed as much as 26% amid the buzz. HashiCorp’s services enable developers to manage infrastructure on public clouds operated by companies like Amazon and Microsoft.
International Business Machines (IBM) is in advanced discussions to acquire HashiCorp, a cloud software provider. The potential deal could value HashiCorp at around $6.1 billion, according to a source familiar with the matter. The talks are in their final stages and an agreement may be reached within the coming days. However, there is still a possibility that the negotiations might not lead to a transaction.
Piper Sandler upgraded BlackLine to Neutral from Underweight, citing improving cloud fundamentals at SAP. The price target was also raised to $62 from $55 due to BlackLine’s partnership with SAP, which drove 25% of BlackLine’s sales last year. SAP’s strong cloud backlog growth, coupled with its partnership with NVIDIA, is expected to accelerate growth at BlackLine.
