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On Tuesday, The Wall Street Journal reported that IBM was getting close to acquiring HashiCorp, sending shares upward. In 2021 HashiCorp shares started trading on the Nasdaq. HashiCorp shares moved 4% higher in extended trading following the acquisition announcement. Revenue from software, at $5.90 billion, increased about 6% and was below the $5.96 billion consensus among analysts surveyed by StreetAccount. Notwithstanding the after-hours move, IBM shares are up about 13% so far this year, outperforming the S&P 500 index, which is up 6% over the same period.
Persons: Arvind Krishna, Dave McJannet, Rob Thomas, IBM's, HashiCorp Organizations: Economic, IBM, HashiCorp, Street Journal, Bloomberg, Linux, Nasdaq, LSEG, StreetAccount, Weather Company, Francisco Partners Locations: Davos, Switzerland
HashiCorp shares jumped 12% in extended trading on Friday after Bloomberg reported the software developer was considering a sale. The company has engaged an outside firm to explore interest from potential buyers, Bloomberg said, citing unnamed sources. As of Friday's close, HashiCorp was trading at $26.50, or 67% below its initial public offering price. Mitchell Hashimoto, a co-founder and former technology chief of HashiCorp, said in December that he was leaving the company. WATCH: HashiCorp CEO McJannet talks enterprise software
Persons: didn't, HashiCorp, David McJannet, Mitchell Hashimoto, Read, McJannet Organizations: Bloomberg, Nasdaq
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'The time is right', says HashiCorp CEO on $250 million share buyback planDave McJannet, HashiCorp CEO, joins 'Closing Bell Overtime' to talk Q4 earnings, its buyback plan, and more.
Persons: Dave McJannet
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHashiCorp CEO on unveiling new AI products, monetizing products and customer spendDave McJannet, HashiCorp CEO, joins 'Closing Bell: Overtime' to discuss the companies AI and Cloud updates.
Persons: Dave McJannet
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHashicorp CEO Dave McJannet on acquiring 'BluBracket', securing code and cloudDave McJannet, Hashicorp CEO, joins 'Closing Bell Overtime' to discuss securing code and cloud as the company acquires BluBracket.
Persons: Dave McJannet
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's clear there's a tech infrastructure modernization cycle underway, says HashiCorp CEODavid McJannet, HashiCorp CEO, joins 'TechCheck' to discuss the company's quarterly earnings results, longer sales cycles and what is creating them.
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