Earnings, earnings and more earnings largely sums up the week. Within our coverage universe, NetScout Systems (NTCT) posted fiscal Q2 results ahead of expectations and guided Q3 above consensus, sending shares up 10% on the week.
Read MoreOn the deal front this week, Akamai Technologies (AKAM) acquired KryptCo’s multifactor authentication technology for an undisclosed price. Targeted at enterprises, the technology is resistant to phishing and offers a simplified user experience that does not require the entering of pin codes.
Read MoreM&A moved to the fore this week with a couple of high value transactions and several smaller tuck-in deals. Ahead of its Investor Day this week, simulation software provider ANSYS (ANSS) agreed to acquire Livermore Software Technology Corporation (“LSTC”) for $775 million in cash and stock, representing an EV/Sales multiple of 12.4x based on the midpoint of expected contribution in 2020.
Read MoreIt was a busy week in software with several tuck-in acquisitions announced, a deluge of earnings to digest, and some notable executive changes. On the M&A front, Avalara (AVLR) acquired Portway International, a provider of Harmonized System classifications and customs brokerage services.
Read MoreMay the 4th be with you on this Star Wars Day. We were treated to another heavy dose of earnings this week, but we begin as always with a few strategic moves.
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