From commerce to culture, software is digitizing every aspect of our lives. The undeniable tailwinds fueling SaaS companies have led to lofty valuation multiples historically,
but rich prices also make re-ratings harder and place a ceiling on returns -
over the past six months, the industry’s 10.1% gain has lagged the S&P 500 by 6.1 percentage points.
Earnings results often indicate what direction a company will take in the months ahead. With Q2 behind us, let’s have a look at Dayforce (NYSE:DAY) and its peers.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Among Monday's developments for cybersecurity stocks, CrowdStrike Holdings' price point was lowered ahead of its earnings report and private equity firm Thoma Bravo acquired Verint Systems. CrowdStrike stock has gained... Read More
Private-equity firm Thoma Bravo agreed to buy Dayforce in a deal valued at $12.3 billion, including debt. Dayforce stock popped earlier this on reports of a deal.
While strong cash flow is a key indicator of stability, it doesn’t always translate to superior returns.
Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning.
Dayforce said Thoma Bravo is discussing buying the firm for $70 per share, with the company adding that there can be no assurances as to whether an agreement for a transaction will be reached.
As the US market prepares to open on Wednesday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
A quiet Monday saw the Dow slip and the Nasdaq barely green as traders braced for Fed minutes and Jackson Hole. Fresh IRS guidance unexpectedly eased the blow for solar and wind, igniting ENPH, RUN, FSLR and SEDG. Deal talk sent Dayforce rocketing, while Intel lagged on chatter of a potential U.S. government stake.
