Akamai Technologies Inc
Rackspace Hosting sees activist interest from Blue Harbour
In September, after months of speculation that Rackspace could be acquired by CenturyLink, Inc. (CTL) and had interest from Hewlett-Packard, the company said it was no longer exploring merger and acquisition options. On the contrary, the company declared its commitment to remain independent.
Tech Stocks in Freefall—Recession Ahead?
The broader indices are bleeding today, and tech stocks are also trading in the red. Should you be worried about a looming recession?
Must-know positions traded by Blue Harbour Group
Blue Harbour Group was founded in 2004. It manages capital on behalf of pension funds, endowments, and other institutional investors.
Blue Harbour exits position in DeVry Education Group
DeVry University has seen revenue fall in previous fiscal years due to a decrease in new and total student enrollments. The decline is expected to continue into fiscal year 2015.
Rowan Companies sees activist interest from Blue Harbour
Rowan Companies plc is a global provider of contract drilling services in the ultra-deepwater and shallow water jack-up market. It has a fleet of 34 offshore drilling units, including four ultra-deepwater drillships, all of which are currently under long-term contracts.
Five Tech Stocks That Are Overvalued at the Current Price
Most tech stocks have had a stellar run over the last 10 years. Here, we look at five tech stocks that we believe are overvalued.
Why Akamai Technologies Stock Fell 5% Yesterday
Akamai Technologies (AKAM) stock fell 5% on October 4 and closed at $66.32. It’s currently trading 34% above its 52-week low of $49.59.
VeriSign Growth: Domain Name Registration Is a Key Factor
In 3Q15, VeriSign (VRSN) recorded net additions for registrations of 1.7 million with a gross figure of 9.2 million. The total .com and .net domain name registrations stand at 135.2 million.
VeriSign Adds 1.68 Million New Domain Names in 3Q15
In 3Q15, VeriSign (VRSN) had cash, cash equivalents, and marketable securities of $1.9 billion, an increase of $466 million compared to year-end 2014.
What Does Facebook’s High Price-to-Earnings Ratio in May Tell Us?
In May 2012, Facebook’s stock price was $38, and its PE ratio was 80.0 x. The ratio reached an all-time high of 7,930x, when net income dropped to $53 million that year.
Highlights of Blue Harbour’s Top Increased Positions in 4Q14
Blue Harbour’s top ten holdings include Rackspace Hosting at 13.42%, Akamai Technologies at 10.31%, and Babcock & Wilcox at 9.90%.
JAT Capital Adds New Position in Alliance Data Systems
With annual revenues of $5.3 billion, Alliance Data Systems is a leading provider of customized marketing and loyalty solutions.