Strategic acquisitions dominated the headlines this week led by Zoom Video Communications’ (ZM) move to acquire contact center software provider Five9 (FIVN) in an all-stock transaction valued at $14.7 billion.
Read MoreAhead of an upcoming vote on Founder Germain Lamonde’s proposal to go-private, EXFO (EXFO) reported fiscal Q3 ’21 results reflecting double-digit top line growth and robust bookings growth.
Read MoreOur week began with news of QAD’s (QADA) pending sale to private equity firm Thoma Bravo for $2 billion. Full details are in our report, “Thoma Bravo to Acquire QAD for $87.50 Per Share in Cash,” but the highlights include a purchase price representing a 20% premium to the last closing price of the Class A shares and a valuation of 5.9x revenue on a TTM basis.
Read MoreWe have several new data points to discuss that are relevant to Stamps.com (STMP). First, monthly data from the United States Postal Service exhibited the first meaningful decline in PC Postage revenue since the start of the pandemic, falling 21% Y/Y in May.
Read MoreAmerican Software (AMSWA) had a meme stock moment of its own as shares rocketed higher following the company’s fiscal Q4 ’21 earnings release. Full disclosure, K. Liu & Company LLC provides American Software with investor relations services.
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