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Corporate/Industrial News

A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

Elijah Stein Textsize Enterprise-software stocks have been beleaguered of late. But depressed valuations lure bargain-conscious private-equity buyers. on wednesday, Ping Identity , which sells identity-security software, announced a deal to be acquired by Thoma Bravo for $28.50 a share, or $2.8 billion. Ping went public… Read More »A Battered Stock, a Bargain Buyout, and the Identity-Software Sector Gets a New Look

Booking Beats Earnings Estimates but Stock Falls on Softer Outlook

Textsize Kayak is a subsidiary of Booking Holdings. Tiffany Hagler-Geard/Bloomberg Booking Holdings posted better-than-expected financial results, but the online travel agency’s shares fell after the company provided a cautious outlook for the September quarter. The second-quarter results provided vivid illustration of the sharp recovery in… Read More »Booking Beats Earnings Estimates but Stock Falls on Softer Outlook