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CRM

Salesforce

$150.12

-2.63 (-1.72%)

, DATA

Tableau

$164.13

-3.34 (-1.99%)

06:24
06/12/19
06/12
06:24
06/12/19
06:24

Salesforce, Tableau deal started with a text message, Business Insider reports

Salesforce's (CRM) acquisition of Tableau (DATA) started out with a personal text message from Salesforce CEO Marc Benioff and came together at Benioff's San Francisco mansion, Business Insider's Becky Peterson reports, citing sources. Over the course of six months, the deal was nearly finalized three other times, one person says but volatility on the public markets got in the way of the all-stock deal. Reference Link

CRM

Salesforce

$150.12

-2.63 (-1.72%)

DATA

Tableau

$164.13

-3.34 (-1.99%)

  • 17

    Jun

  • 23

    Jun

CRM Salesforce
$150.12

-2.63 (-1.72%)

06/11/19
06/11/19
DOWNGRADE

Neutral
Tableau downgraded to Neutral at BTIG on Salesforce acquisition
As previously reported, BTIG analyst Edward Parker downgraded Tableau (DATA) to Neutral after Salesforce (CRM) announced its intention to acquire the company in an all-stock transaction. The analyst notes that the "very low" regulatory risk to deal closure is offset by the unlikely possibility for another suitor to outbid Salesforce. Parker adds that in the absence of a "meaningful premium" potential to Tableau shares following the Salesforce announcement, a Neutral rating is warranted.
06/11/19
JMPS
06/11/19
NO CHANGE
JMPS
Outperform
JMP says Tableau and Looker deals have 'positive implications' for Domo, Alteryx
JMP Securities analyst Patrick Walravens said this week's announcements of deals for Tableau (DATA) and Looker reminds him of 2007, when three leading analytics companies at the time were acquired over a period of eight months. He also believes the deals have "positive lateral implications" for Domo (DOMO), Alteryx (AYX) and private companies such as Sisense. Walravens have Outperform ratings on both Domo and Alteryx.
06/11/19
RHCO
06/11/19
NO CHANGE
Target $189
RHCO
Buy
Salesforce price target raised to $189 from $183 at SunTrust
SunTrust analyst Terry Tillman raised his price target on Salesforce (CRM) to $189 and kept his Buy rating with a positive view of its announced acquisition of Tableau (DATA). The analyst notes that while the deal introduces some execution risk, it also "brings together integration, customer, and data technologies into a Customer 360 platform story." Tillman adds that the "strong core business" expected on a seasonal basis for the second half of this year, along with expected execution from the acquired MuleSoft and Tableau assets, represent "material catalysts" for Salesforce.
06/12/19
FANA
06/12/19
DOWNGRADE
FANA
Neutral
Tableau downgraded to Neutral from Outperform at First Analysis
First Analysis analyst Frank Sparacino downgraded Tableau Software (DATA) to Neutral from Outperform citing the "high probability" of the Salesforce (CRM) buyout closing. Further, the analyst maintains a Neutral rating on MicroStrategy (MSTR). He does not see the company taking part in any future consolidation as an acquirer or target. Further, any potential benefit to ongoing sales cycles from takeover disruption with Tableau and Looker is likely to be minor, Sparacino tells investors in a research note.
DATA Tableau
$164.13

-3.34 (-1.99%)

06/11/19
JPMS
06/11/19
NO CHANGE
Target $175
JPMS
Overweight
Tableau buyout a successful exit after 300% rally, says JPMorgan
Tableau Software (DATA) shares have now completed a quadruple since the "messy period" of a few years ago, rallying 317% since February 16, 2016, versus the S&P 500's gain of 52% in that period, JPMorgan analyst Mark Murphy tells investors in a research note. The analyst says he appreciates "multiple elements" of the proposed Salesforce (CRM) buyout and views the deal as a "successful exit" for Tableau. He raised his price target for the stock to $175 from $140 and keeps a Overweight rating on the name.

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$21.12

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Kellogg

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0.13 (0.23%)

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KRYS

Krystal Biotech

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11.87 (40.54%)

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FDS

FactSet

$293.20

-4.89 (-1.64%)

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$51.41

0.09 (0.18%)

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FactSet

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Lennar

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0.09 (0.18%)

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GNFT

Genfit

$20.19

-0.02 (-0.10%)

, GMDA

Gamida Cell

$7.21

-0.23 (-3.09%)

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Fly Intel: After Hours Movers »

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GNFT

Genfit

$20.19

-0.02 (-0.10%)

GMDA

Gamida Cell

$7.21

-0.23 (-3.09%)

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CGC

Canopy Growth

$40.51

0.31 (0.77%)

19:20
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Periodicals
Canopy Growth CEO says done buying other producers, Reuters says »

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AWK

American Water

$118.43

0.4 (0.34%)

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Illinois American Water investing over $1.8M in Farmington Water System »

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

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U.K.'s new F35 stealth aircraft used on operations, Telegraph says »

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GILD

Gilead

$68.86

-0.53 (-0.76%)

19:01
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Gilead, Carna Biosciences announce research and development collaboration »

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BA

Boeing

$374.10

2.14 (0.58%)

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Boeing CEO approves quarterly dividend »

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  • 09

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GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

, GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

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Periodicals
Google tells workers Pride protests are against code of conduct, Verge says »

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GOOG

Alphabet

$1,115.75

-6.63 (-0.59%)

GOOGL

Alphabet Class A

$1,117.00

-8.17 (-0.73%)

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AAPL

Apple

$198.60

-0.17 (-0.09%)

17:53
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WMT

Walmart

$111.25

0.08 (0.07%)

, FB

Facebook

$192.56

1.4 (0.73%)

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Periodicals
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WMT

Walmart

$111.25

0.08 (0.07%)

FB

Facebook

$192.56

1.4 (0.73%)

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CAT

Caterpillar

$134.37

0.43 (0.32%)

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FBK

FB Financial

$35.14

0.06 (0.17%)

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FLR

Fluor

$31.11

-0.99 (-3.08%)

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ERYP

Erytech Pharma

$6.69

(0.00%)

17:33
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Erytech Pharma announces strategic collaboration with SQZ Biotechnologies »

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LMT

Lockheed Martin

$359.98

0.555 (0.15%)

17:33
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Lockheed Martin awarded $561.80M Army contract »

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MDCO

The Medicines Co.

$35.38

-1.01 (-2.78%)

17:30
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Syndicate
The Medicines Co. files to sell $150M of common stock »

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MHTLY

Metcash

$0.00

(0.00%)

17:30
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Metcash rating change at Goldman Sachs »

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

, LLL

L3 Technologies

$256.30

(0.00%)

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MKTX

MarketAxess

$332.76

-0.24 (-0.07%)

LLL

L3 Technologies

$256.30

(0.00%)

AAXN

Axon

$73.22

-0.12 (-0.16%)

MLAB

Mesa Labs

$227.44

-3.4 (-1.47%)

HRS

Harris

$197.28

-0.07 (-0.04%)

USNA

Usana

$72.41

-0.58 (-0.79%)

LION

Fidelity Southern

$30.18

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ABCB

Ameris Bancorp

$37.76

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XNCR

Xencor

$33.86

-1.31 (-3.72%)

HF

HFF Inc.

$45.25

-0.29 (-0.64%)

JLL

Jones Lang LaSalle

$137.43

-2.075 (-1.49%)

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TMSR

TMSR Holding

$1.67

(0.00%)

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Breaking Syndicate news story on TMSR Holding »

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