Varonis Systems stock doubled on its first day of trading Friday, the first tech IPO of 2014 that sets the bar for others to come. Varonis (VRNS) provides software that companies use to get a clearer understanding of data buried deep within digital files. The strong debut should add attention to digital coupon provider Coupons.com, which is slated to go public in the coming week. Several techs filed IPO plans in February, including
Valeant Pharmaceuticals beat analysts’ fourth-quarter estimates Thursday, but analysts were more interested in the Canadian firm’s acquisition strategy in its quest to become the next drug giant. Cash EPS rose 76% vs. a year earlier to $2.15 — 9 cents above the consensus of analysts polled by Thomson Reuters. Sales rose 109% to $2.06 billion, in line. For 2013, EPS rose 51% to $6.24, with sales up 66% to $5.8 billion. Valeant (VRX)
With CEO Elon Musk’s planned call about building a battery “Gigafactory” still awaited, Tesla Motors said late Wednesday it could cost $4 billion to $5 billion by 2020 and employ 6,500 people, with $2 billion coming from the luxury electric-car maker. Tesla (TSLA) also said it will sell $1.6 billion in a public offering of bonds to pay for the projects it sees ahead, which include building a mass-market electric car as well as the Gigafactory.