115.00 +0.57 (0.50%)
After hours: 6:57PM EDT
|Bid||114.43 x 300|
|Ask||115.00 x 300|
|Day's Range||114.31 - 118.31|
|52 Week Range||80.50 - 128.87|
|PE Ratio (TTM)||673.12|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The Dropbox IPO raised $756 million, pricing 36 million shares at 21 apiece, above an upwardly revised price range of 18 to 20.
Dropbox operates the leading data and file storage company, but three Dropbox competitors offer strong value propositions in certain areas of the business.
The amount raised could hit $969 million if underwriters buy up all of the shares that have been allotted to them.
Clari gets a $35 million round to reinvent the CRM market using Artificial Intelligence. Its technology approach has enabled it to compete with behemoth Salesforce.com in a market that will increasing be powered by automation and machine learning.
Salesforce.com Inc.’s $6.5 billion purchase of MuleSoft Inc. marked a big win for a small hedge fund whose stake in the cloud-software maker at one point represented 20 percent of its holdings.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Over the last one-month, outflows of investor capital in ETFs holding CRM totaled $438 million.
Dropbox has a big valuation to live up to. But other richly valued cloud stocks—and the huge premium Salesforce.com just paid for MuleSoft—could help sell the latest big tech IPO.
Salesforce.com traded lower as Wall Street wondered whether the company's largest acquisition ever was the right move.
Stocks finished lower on Wednesday after the first interest rate decision from Federal Reserve Chairman Jerome Powell.
Salesforce.com, inc. (NYSE: CRM ) confirmed after Tuesday's market close it has agreed to acquire Mulesoft Inc (NYSE: MULE ) after a Reuters report suggested the two companies were in advanced merger talks. ...
Shares of cloud computing giant Salesforce (CRM) are down $1.68, or 1%, at $123.44, after it announced yesterday afternoon, after market close, it will buy cloud startup MuleSoft (MULE) for $6.5 billion in cash and stock. The two words coming up a lot, together, are “strategic” and “expensive." The deal will be immediately dilutive to Salesforce, as Mulesoft has been projected by the Street to lose money through 2020. Stifel Nicolaus’s Tom Roderick, reiterating a Buy rating on Salesforce stock, and a $142 price target, seems exuberant about the prospect for lots more pricey cloud software M&A, as he explains the logic of over-paying for an asset: That noise you just heard was the proverbial valuation ceiling for public SaaS companies shattering into a million pieces.
The CRM market leader's largest acquisition to date marks a big year for M&A as the Trump tax cuts free up billions for the largest tech corporations.
Here are some things going on today in your world of tech: Early drop on DropBox It’s not even trading yet, but as so often happens, the shares of DropBox (DBX) have got some coverage in advance of the IPO this week. Rishi Jaluria with DA Davidson initiates the stock with a Buy rating, and a $22 price target, above the announced pricing range of $18 to $20. Problems continue for Facebook (FB) over the revelation that consulting firm Cambridge Analytica had unauthorized access to user data, what has become “Facebook’s darkest hour,” as my colleague Jon Swartz terms it.
Salesforce (CRM) set to buy integration software maker, MuleSoft, for $6.5 billion, marking the company's third acquisition this year and biggest ever in its history.
Salesforce.com has reached a deal to buy Mulesoft Inc. for $6.5 billion, a massive bet on the connective software that increasingly runs through the digital world. Mulesoft is all about helping companies ...
Salesforce.com Inc.’s deal to buy Mulesoft Inc. is the most expensive deal the cloud-software pioneer has ever made, and the reasoning for paying such a large premium seems pretty thin.
Mar.22 -- Salesforce Inc. President Bret Taylor discusses his transition to enterprise tech, the company's agreement to buy MuleSoft Inc. for $6.5 billion and gives his take on Facebook's user data scandal. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
The "Squawk on the Street" team talks about Salesforce's biggest acquisition to date, buying software company Mulesoft in a deal worth $44.89 per share in cash and stock.