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Hewlett Packard To Buy Silver Peak For $925M To Boost Cloud Solutions

Hewlett Packard Enterprise (HPE) has entered into an agreement to acquire Silver Peak, a software-defined wide area network (SD-WAN) company, to boost its edge-to-cloud solutions, in a deal valued at $925 million.Shares rose 2.7% to $9.50 in early afternoon trading. As part of the transaction, Silver Peak will be combined with HPE’s Aruba business unit to further accelerate the adoption of transformational technologies in the large and fast-growing SD-WAN space. HPE expects the combination to drive “significant” revenue opportunities and to be accretive to Intelligent Edge segment revenue growth and gross margin.The company estimates that the transaction, which is set …read more […]

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Were Hedge Funds Right About Slack Technologies Inc (WORK)?

Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds’ and successful investors’ positions as of the end of the first quarter. You can find articles about an individual hedge fund’s trades on numerous financial […] …read more […]

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Tesla’s Elon Musk Nears $2.4 Billion Haul as Stock Keeps Soaring

(Bloomberg) — It was sold as an all-or-nothing moonshot into space, the boldest pay package in corporate history.Now, with Tesla Inc.’s stock on a seemingly unstoppable rise, Elon Musk is poised to collect the second tranche of his pay award, worth $2.4 billion.Barring a sudden drop in the electric-car maker’s shares, the final performance threshold tied to market value should be met in a matter of days. That would unlock 1.69 million stock options, yielding Musk the 10-figure sum if he were to exercise and immediately sell the shares.The remarkable payout follows an equally remarkable ride for Tesla, whose shares …read more […]

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Why ZoomInfo Technologies (ZI) Stock is a Compelling Investment Case

Baron Asset Fund recently published its second-quarter commentary – a copy of which can be downloaded here. During the second quarter of 2020, the Baron Asset Fund returned 28.02% (institutional shares). In comparison, the benchmark S&P 500 Index was up 20.54%, while the Russell Midcap Growth Index was up 30.26%. You should check out Baron […] …read more […]