New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 30, 2014
08:41 EDTEGANeGain to acquire Exony for approximately $16.1M
eGain announced it has signed a definitive agreement to acquire Exony. The acquisition extends eGain's platform with contact center management, reporting and analytics capabilities. Pursuant to the terms of the share purchase agreement, eGain will acquire Exony for a purchase price of approximately $16.1M, consisting of approximately $8M payable in cash and $8M payable through the issuance of approximately 1.21M shares of eGain common stock. The purchase price is subject to adjustment based on Exony's working capital at the closing. The transaction is expected to close within one week. Exony generated revenue of approximately $15M in its fiscal year ended September 30, 2013.
News For EGAN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 7, 2015
11:19 EDTEGANBrean Capital ups Salesforce citing improved revenue outlook
Research firm Brean Capital upgraded Salesforce.com (CRM) to Buy from Hold in a note to investors today, saying that the company is poised to obtain more revenue from its marketing and services products. Additionally, Salesforce should benefit from its newer products and the increased integration of its offerings, the firm contended. WHAT'S NEW: Pent-up demand for better ad management tools will drive sales of Salesforce's marketing products, according to Brean Capital analyst Sarah Hindlian. Meanwhile, the company's service cloud offerings will generate more revenue due to changes in customer service trends, Hindlian believes. Additionally, Salesforce's new products and the increased integration of its clouds will enable it sell all of its offerings more effectively, boosting its overall revenue and margins, she contended. Following the release of its newer products, Salesforce provides better coverage of the entire customer lifecycle, increasing its ability to sell all of its systems together, the analyst explained. Hindlian raised her fiscal 2017 and fiscal 2018 estimates for the company slightly above consensus levels, and set an $85 price target on the shares. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), Zendesk (ZEN) and LivePerson (LPSN). PRICE ACTION: In late morning trading, Salesforce dropped 0.7% to $68.69.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use