Digital marketing services company Constant Contact is scrambling to reaccelerate growth as its stock rises after acquisitions by some of its industry’s leaders. Constant Contact (CTCT) stock is flirting with all-time highs despite slowing revenue growth. That’s after tech leaders Oracle (ORCL) and Salesforce.com (CRM) bought into its market. Constant Contact has not been tied specifically to any takeover rumors, but the possibility hovers in the
EBay late Wednesday disclosed that activist investor Carl Icahn has taken a 0.82% stake in the company and proposes that it spin off PayPal, an idea the board rejected. EBay (EBAY) stock was up 5% in after-hours trading, after the company disclosed it’s the latest big-name tech target of the noted investor. Icahn has nominated two of his employees for election to eBay’s board. The e-commerce and payments company also released Q4 earnings that just
A sharp drop in hardware sales and in emerging markets continues to hurt IBM, which again reported quarterly revenue that missed Wall Street expectations. IBM (IBM) late Tuesday posted Q4 revenue of $27.7 billion, down 5% from the year-earlier period and the seventh quarter in a row of year-to-year declines. Sales missed analyst consensus estimates of $28.25 billion, as Big Blue missed revenue expectations every quarter in 2013. IBM stock was down