CA Technologies’ (CA) planned acquisition of Rally Software Development (RALY) will likely help CA better compete with rivals including Microsoft and IBM. CA is a leading maker of infrastructure software that helps companies manage their IT infrastructures. Michael Turits, an analyst for Raymond James & Associates, said that CA’s late Wednesday plan to acquire Rally, a maker of agile development software and services, for $480 million will
Just two weeks after Wal-Mart (WMT) announced plans to test an unlimited free shipping service this summer, e-commerce leader Amazon.com (AMZN) fired back, saying it will offer limited free same-day delivery under its Prime shipping service. Amazon’s free same-day delivery service for Prime members will initially be available in 14 U.S. markets, including New York, Los Angeles, Philadelphia, the San Francisco Bay area, Seattle, Atlanta, Boston and
Palo Alto Networks (PANW) got at least three price target increases Thursday, after the security software vendor late Wednesday posted Q3 earnings and revenue that topped Wall Street expectations and announced it had acquired CirroSecure. The acquisition brings the company technology to secure software delivered via the Internet as needed by customers, and it should add to Palo Alto Networks’ subscription offerings, Pacific Crest Securities