Zendesk Stock Soars on Report of Fresh Buyout Deal

Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris / Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $ 88.95 in … Read more

Zendesk Close to Striking Buyout Deal, Sources Say

Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equity takeovers of the year. A deal with a group that includes Hellman & Friedman LLC and Permira could be … Read more

Adobe Stock Is Falling After Hours. Earnings Guidance Was Disappointing.

Text size Software giant Adobe’s light guidance overshadowed a strong fiscal-second-quarter report. Dreamstime Adobe stock is losing ground in late trading Thursday after the provider of software for creativity, marketing, and documents provided softer-than-expected guidance for both the August quarter and the full fiscal year ending in November. Adobe is feeling the effects of both … Read more

Alibaba Stock Jumps to 2-Month High. Thank Videogames.

Text size Alibaba and other Chinese tech stocks have been beaten down amid regulatory pressures. Greg Baker / AFP via Getty Images Alibaba and other Chinese tech stocks roared higher on Wednesday as a wave of videogame approvals from regulators in China boosted sentiment on the sector. China’s gaming regulator greenlit the publishing licenses for … Read more

Salesforce stock rallies on earnings beat, raised outlook

Salesforce Inc. shares rallied in the extended session Tuesday after the cloud-based customer-relationship-management company topped Wall Street estimates for the quarter and hiked its earnings forecast for the year while lowering its revenue guidance. Salesforce CRM, -2.94% shares surged 6% after hours, following a 2.9% decline in the regular session to close at $ 160.24. … Read more

Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

Shares of Snowflake Inc. tumbled in after-hours trading Wednesday after the software company delivered a forecast for the current quarter that came in below expectations at the midpoint and acknowledged that some customers have consumed less than expected due to macroeconomic factors. The company posted a fiscal first-quarter net loss of $ 166 million, or … Read more