Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Splunk shares rose as much as 14% in extended trading on Friday after the Wall Street Journal reported that Cisco made an offer to buy the data analytics software company for over $ 20 billion. At the peak of … Read more
The current interest rate environment could favor Japanese conglomerate SoftBank Group’s strategy of long-term investing as it looks to buy earlier stage tech companies at lower valuations, according to CLSA’s Oliver Matthew. With prices of potential acquisitions now coming down as investors brace for higher rates, Matthew told CNBC’s “Squawk Box Asia” on Wednesday that … Read more
Jeff Lawson, CEO, Twilio Scott Mlyn | CNBC Shares of cloud communications software builder Twilio jumped as much as 29% after the company issued fourth-quarter results and quarterly revenue guidance that sped past expectations. Here’s how the company did: Earnings: Loss of 20 cents per share, vs. loss of 22 cents per share as expected … Read more