In between Martin Luther King Jr. Day and the inauguration of Joe Biden as the 46th President of the United States, Citrix Systems (CTXS) sought to advance the future of work, entering into an agreement to acquire work management vendor Wrike for $2.25 billion in cash, representing TTM and FY ’21 EV/recurring revenue multiples of 16x and 12x, respectively.
Read MoreSalesforce’s (CRM) 2020 Holiday Shopping Report revealed that online spending by consumers increased 50% Y/Y to $1.1 trillion worldwide and rose 43% Y/Y to $236 billion in the U.S. Domestically, initiatives to pull forward holiday spend fueled an 82% Y/Y increase in Pre-Cyber Week sales.
Read MoreHappy New Year! We issued our first report in 2021 on CTG, Inc. (CTG) as the company’s multi-year renewal of a contract with its largest customer and a slew of insider buying over the past two months provided us with greater confidence in the potential for further gains going forward.
Read MoreThe hacking of SolarWinds’ (SWI) Orion Platform and the potential impact on a multitude of enterprises and government agencies was the talk of the week.
Read MoreManagement changes typically warrant a fresh look at a stock given the potential benefits or fallout from a subsequent strategic or operational shift. In this regard, the past week provided a number of opportunities for investors to consider, although the market’s verdict is already in for 8x8 (EGHT).
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