Articles written by: David Fisher

Progress Software Unveils New Anomaly Detection
Markets / Stocks

Progress Software Unveils New Anomaly Detection

Progress Software (PRGS), an application development technology company, revealed early Tuesday a new Progress DataRPM self-service anomaly detection and prediction product for the industrial Internet of Things market. Amazon’s (AMZN) Web Services on which it is hosted will also offer free trials of Progress DataRPM cloud instances for qualified manufacturers with connected sensors and the ensuing time series data, Progress […]

Petrobras ADRs Slump 14% As Brazil Offers New Fuel Subsidies
Markets / Stocks

Petrobras ADRs Slump 14% As Brazil Offers New Fuel Subsidies

ADRs of Petrobras (PBR) were slumping 14% pre-market Tuesday after Brazil’s government began providing new fuel subsidies and tweaked the oil major’s pricing policy in an effort to end a truckers’ strike in the country. President Michel Temer unveiled an agreement on Sunday under which domestic diesel prices would be decreased about 13% from prices at the pump and remain […]

Verint Systems Reportedly in Talks to Acquire Israeli Cyber-Surveillance Firm NSO Group for $1 Bln
Markets / Stocks

Verint Systems Reportedly in Talks to Acquire Israeli Cyber-Surveillance Firm NSO Group for $1 Bln

Verint Systems (VRNT) is in talks to acquire the Israeli cyber-surveillance software maker NSO Group at a value of about $1 billion, the Times of Israel reported, citing a source familiar with the matter. As earlier reported by the Wall Street Journal, the New York-based analytics company offered to pay Francisco Partners with stock and assumed debt as part of […]

Myriad Genetics to Acquire Genetic Testing Startup Counsyl for $375 Mln
Business News / Markets

Myriad Genetics to Acquire Genetic Testing Startup Counsyl for $375 Mln

Myriad Genetics (MYGN), a molecular diagnostic company, said Monday it has signed a definitive agreement to acquire genetic testing startup Counsyl for $375 million in a cash-and-stock transaction. Counsyl provides carrier screening and non-invasive pre-natal screening services. The business has generated more than $134 million in revenue during the last 12 months. Under the deal, Counsyl shareholders may receive up […]

Pepsico Swallows Baked Fruit and Veggie Snacks Maker Bare Foods
Business News / Markets

Pepsico Swallows Baked Fruit and Veggie Snacks Maker Bare Foods

Pepsico (PEP) said on Friday it has entered into a definitive agreement to acquire Bare Foods Co., a U.S.-based maker of baked fruit and vegetable snacks also known as Bare Snacks, for an undisclosed sum to expand its snacking portfolio. “For nearly a dozen years, PepsiCo has been committed to Performance with Purpose, our vision of making more nutritious products, […]

CytomX Therapeutics To Present Positive PROCLAIM Data at Oncology Conference
Markets / Stocks

CytomX Therapeutics To Present Positive PROCLAIM Data at Oncology Conference

CytomX Therapeutics (CTMX) indicated that preliminary data from the PROCLAIM-072 phase 1/2 trial evaluating CX-072 showed initial signs of antitumor activity for both CX-072 monotherapy and the ipilimumab combination, in a difficult-to-treat, late-stage patient population for whom approved PD-agents are not available. These data suggest that CX-072 is well tolerated and shows an encouraging, emerging safety profile as a monotherapy […]

Buyback Plan, Strong Dividend Yield Will Limit Cisco Downside
Markets / Stocks

Buyback Plan, Strong Dividend Yield Will Limit Cisco Downside

Cisco (CSCO) reported solid April-quarter results and provided in-line guidance and every region exhibited annual order growth for only the second time since the fiscal third quarter of 2016, Oppenheimer said. “Strong momentum for new solutions – Catalyst 9000, HyperFlex, AppD – keeps us positive on Cisco’s competitive positioning in key core markets although weakness in enterprise routing is something […]