In between Martin Luther King Jr. Day and the inauguration of Joe Biden as the 46th President of the United States, Citrix Systems (CTXS) sought to advance the future of work, entering into an agreement to acquire work management vendor Wrike for $2.25 billion in cash, representing TTM and FY ’21 EV/recurring revenue multiples of 16x and 12x, respectively.
Read MoreSalesforce’s (CRM) 2020 Holiday Shopping Report revealed that online spending by consumers increased 50% Y/Y to $1.1 trillion worldwide and rose 43% Y/Y to $236 billion in the U.S. Domestically, initiatives to pull forward holiday spend fueled an 82% Y/Y increase in Pre-Cyber Week sales.
Read MoreHappy New Year! We issued our first report in 2021 on CTG, Inc. (CTG) as the company’s multi-year renewal of a contract with its largest customer and a slew of insider buying over the past two months provided us with greater confidence in the potential for further gains going forward.
Read MoreWe are introducing our FY ’22 estimates for CTG, Inc. (CTG) and raising our price target from $7.25 to $8.25 based on a FY ’21 EV/EBITDA multiple of 6x.
Read MoreMonthly data from the United States Postal Service (USPS) revealed that PC Postage revenue increased 58% Y/Y in November, accelerating from the 39% Y/Y increase in October.
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