Talend shares up 52% in company's market debut

Shares of Talend S.A. soared 52% Friday in the company’s market debut on the Nasdaq. Talend, which provides big data and cloud solutions for companies, opened at $27.66 Friday, above the company’s issue price of $18. The company sold 5.25 million American depositary shares to raise $94.5 million. The offering was underwritten by Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Citigroup Global Markets Inc.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

From:: Stock Market News

Talend shares up 52% in company’s market debut

Leave a Reply Cancel reply