F5 Networks announced the acquisition of cloud-management Volterra startup for $500 million Volterra was founded only last year when it raised $50 million On Friday, shares closed 6.19% higher after surging more than 11% to trade above $200 for the first time ever Shares of F5 Networks (NASDAQ: FFIV) soared over 6% on Friday to exceed the $200.00 mark for the first time ever. The company announced the acquisition of Volterra startup for $500 million. Fundamental analysis: Volterra to be integrated F5 Networks said it will pay $440 million in cash and $60 million in deferred and unvested incentive payments to acquire could-management startup Volterra. Interestingly, Volterra was founded only last year when it raised $50 million. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. According to François Locoh-Donou, the president and chief executive of F5 Networks, said his company will work to integrate Volterra’s f products in his company’s portfolio. “With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront. Our platform will create a SaaS solution that solves our customers’ biggest pain points,” he said.
Shares of BT Group (LON: BT.A) are trading about 2% lower in the past two days after the company was served a £600 million lawsuit for overcharging its landline customers. Fundamental analysis: Major accusations launched towards BT The telecom giant BT Group is facing a lawsuit filed by a group of its customers accusing them of overcharging its users for landline services. This is a continuation of accusations outlined earlier when British regulator Ofcom accused telecoms of treating their landline customers poorly. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. “Ofcom made it very clear that BT had spent years overcharging landline customers, but did not order it to repay the money it made from this,” said Justin Le Patourel, founder of consumer group Collective Action on Landlines (CALL). “We think millions of BT’s most loyal landline customers could be entitled to compensation of up to £500 each, and the filing of this claim starts that process,” he added. On the other hand, BT Group said the allegations against the company are not true and it will fight back “vigorously” in court. “For many years we’ve offered discounted landline and broadband packages in what is a
(RTTNews) - The Taiwan stock market headed south again on Wednesday, one session after snapping the three-day losing streak in which it had stumbled more than 150 points or 1 percent. The Taiwan Stock Exchange now sits just above the 15,800-point plateau although it's expected to rebound on Thursday.
The global forecast for the Asian markets is upbeat on optimism following the inauguration of former Vice President Joe Biden as the 46th President of the United States. The European and U.S. markets were up and the Asian bourses figure to open in similar fashion.
The TSE finished modestly lower on Wednesday following losses from the financial shares, technology stocks and cement companies.
For the day, the index sank 71.19 points or 0.45 percent to finish at 15,806.18 after trading between 15,745.48 and 16,004.32.
Among the actives, Cathay Financial surrendered 1.69 percent, while Mega Financial skidded 1.37 percent, CTBC Financial declined 2.29 percent, Fubon Financial gave away 2.22 percent, First Financial dropped 1.91 percent, E Sun Financial lost 1.41 percent, Taiwan Semiconductor Manufacturing Company spiked 3.19 percent, United Microelectronics Corporation tumbled 1.70 percent, Hon Hai Precision shed 0.43 percent, Largan Precision tanked 3.12 percent, Catcher Technology plunged 3.85 percent, MediaTek dropped 0.80 percent, Formosa Plastic retreated 1.72 percent, Asia Cement sank 1.66 percent and Taiwan Cement was down 1.92 percent.
The lead from Wall Street is broadly positive as stocks opened higher and picked up steam as the day progressed, sending the major averages to fresh record closing highs.
The Dow spiked 257.86 points or 0.83 percent to finish at 31,188.38, while the NASDAQ surged 260.07 points or 1.97 percent to end at 13,457.25 and the S&P 500 jumped 52.94 points or 1.39 percent to close at 3,851.85.
The rally on Wall Street was fueled by Biden's inauguration. The former VP has called for additional stimulus and an accelerated coronavirus vaccine rollout, which has helped offset concerns about higher taxes and increased regulation under a Democratic administration.
The president is expected to sign several executive orders shortly after taking office, including orders to rejoin the Paris climate agreement and end former President Donald Trump's Muslim travel ban as well as the construction of the U.S.-Mexico border well.
The spike by the tech-heavy NASDAQ was partly due to a sharp increase by shares of Netflix (NFLX) after the video streaming giant reached a record closing high after reporting strong fourth quarter subscriber growth.
Crude oil prices rose on Wednesday amid hopes the Biden administration will step up stimulus to boost growth, leading to increased demand for energy. West Texas Intermediate Crude oil futures contracts for February ended up $0.26 or 0.5 percent at $53.24 a barrel on expiration day.
