On August 6, Cisco revealed its intention to acquire Voicea, a voice collaboration platform. Launched in 2016, Voicea is a new player in the IT industry.
Citrix Systems (CTXS) merged GoTo with LogMeIn (LOGM) in February in a $1.8 billion transaction. In its first quarterly report since the spin-off, CTXS posted 1Q17 EPS of $0.97, topping the consensus estimate of $0.95.
Amazon (AMZN) recently threw its hat into the workplace collaboration services ring with the launch of Chime, the company’s version of Microsoft’s (MSFT) Skype for Business.
Shutterfly generates the majority of its revenues from professionally bound photo books, greeting cards, personalized calendars, and other photo-based merchandise.
In November, RCS Capital terminated a $700 million deal to acquire Cole Capital from ARCP. The companies announced the deal prior to ARCP’s disclosure of accounting errors.
Using the company’s partnerships and experience in ophthalmology, it plans to expand into a disease indication with a larger market. The company says it expects to place a new product candidate for this large market opportunity into development some time in 2015.
CymaBay Therapeutics is a clinical-stage biopharmaceutical company formerly known as Metabolex. It develops therapies to treat metabolic and rare diseases with high unmet need.
E-commerce represented approximately 1% of total sales in fiscal 2013, 4% in fiscal year 2014, 9% in the first quarter of fiscal 2015, and 9.7% in the second quarter of fiscal 2015.
The company “saw improvement in net sales trends over the course of the quarter as inventory levels recovered and the fall flooring season began.” But the shares are down 49% in the year to date.
Point72 focuses primarily on discretionary long and short equity investing and makes significant quantitative and macro investments. According to reports, the fund manages assets valued at between $9 billion and $10 billion.
For example, at least historically, small cap valuations have been more sensitive to changes in monetary conditions than their large-cap counterparts, and this was evident last week.
