NetScout Systems’ (NTCT) fiscal Q1 ’20 results were marred by a revenue shortfall, but tight cost controls enabled the company to post non-GAAP EPS in line with expectations. Delays in securing several service provider deals were the primary culprit for the top line miss, although sales execution challenges also surfaced internationally on the enterprise side.
Read MoreWell that was quick. Following a Bloomberg report last month that Monotype Imaging Holdings (TYPE) was exploring strategic options, the company agreed to be taken private by HGGC, a middle market private equity firm, for an equity value of approximately $895 million earlier this morning.
Read MoreDeal or no deal? Following earlier reports that Broadcom (AVGO) was close to acquiring Symantec (SYMC), headlines this week suggested the companies were at an impasse with Bloomberg reporting that Broadcom sought to reduce its bid for Symantec by over $1.50 per share from an agreed-upon price of $28.25 per share. Per CNBC, Symantec is unwilling to accept less than $28.00 per share.
Read MoreComing off a holiday-shortened week in which Broadcom (AVGO) was reportedly close to acquiring Symantec (SYMC) for north of $15 billion and subsequently rumored to also be considering a deal for privately-held Tibco, we expected more fireworks this week.
Read MoreIt was a quiet week in software land as the second quarter drew to a close. In the supply chain space, Descartes Systems Group (DSGX) continued to execute upon its M&A strategy, acquiring Switzerland-based STEPcom for $19.6 million in cash.
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