Taboola, a leading content discovery and native advertising platform, entered into an agreement to acquire Connexity, a performance-marketing technology company, for $800 million. [more]
Zoom entered into two definitive agreements to acquire Five9, a leading contact center software based on cloud technology, for $14.7B and Kites, which provides real-time Machine Translation solutions. [more]
The easing of COVID pandemic restrictions has improved access to customer sites, and the pace of customer onboarding for mCloud is expected to accelerate in the US and Canada. The partnership with URBSOFT should help bring AssetCare™ to the oil & gas, retail, and real estate markets in the Middle East. [more]
Stock price up over 700% year-over-year. Peak’s management believes that the NASDAQ listing will attract new tech-centric institutional shareholders. Peak releases Revenue & EBITDA guidance and forecasts revenue of $104M in 2021 with EBITDA of $12.5M, ramping up to $624M of revenue in 2023 with EBITDA of $155M. Recent $52.6M financing to “unlock” new expansion and partnership opportunities. We are increasing our one-year target price to $11.00 from $4.80. [more]
Shareholders of Proofpoint (NASDAQ: PFPT), a leading cybersecurity and compliance company, approved the $12.3B all-cash offer from Thoma Bravo. The deal values Proofpoint at 8.3x EV to Revenue (2021 consensus estimate). [more]
Magna acquires Veoneer for $3.8 billion in cash. The combination of the two businesses and the addition of relevant engineering and software expertise, reinforce its portfolio and industry position. [more]
The cannabis industry is dominated by the big four companies and these companies have emerged as the industry leaders. They benefit from factors including access to the lowest cost of institutional capital, scale, proven management talent, track records, strong balance sheets, and licensing credibility. [more]
eResearch published a 27-page Valuation Research Report on StageZero using three valuation methodologies: (1) Comparative Company Analysis using Revenue, (2) Prior Mergers and Acquisitions Analysis, and (3) Discounted Cash Flow. Using the three methodologies and various revenue & growth assumptions, the results estimated the stock price between $0.67 and $14.14. [more]
Last week, Fandom Sports released odds-line wagering across the entire Fandom Sports platform that includes game titles such as Call of Duty, FIFA, and Overwatch. This new functionality is in addition to the peer-to-peer wagering and actionable predictions features released earlier this month. Fandom Sports’ recently published “Gaming Industry & Peer Analysis” report highlights the Esports industry and growth, and a peer comparison shows Fandom Sports’ upside potential. [more]
14-page Update Equity Research Reports on EQ’s Q1/2021 financial results. EQ’s data solutions revenue, recently its fastest-growing segment, increased 12% year-over-year to $0.48 million in Q1/2021. Due to seasonality & COVID-19 impacts, overall revenue for Q1/2021 was $1.75 million, down from $2.20 million in Q1/2020 but slightly higher than our estimate of $1.70 million. [more]
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