IBM Is Buying HashiCorp. What Comes Next? [Forbes]
HashiCorp, Inc. (HCP)
Last hashicorp, inc. earnings: 10/30 04:20 pm
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Source: Forbes
This is a significant premium above HashiCorp's recent trading price of around $25 a share in early April 2024, though not so significant compared to 2022 when the median stock price was around $35, according to data from Yahoo Finance. IBM must believe that it can reverse the recent decline in HashiCorp's fortunes and reach or exceed the performance of a couple of years ago. How We Got Here IBM has stated that it expects the acquisition “to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two”. As recently as October last year, , or between August 2024 and January 2025. It became clear almost immediately that this prediction was overly ambitious, due largely to soft revenue growth. Net dollar retention had been dropping steadily from 134% in FY2023 to 115% in Q4 of FY2024, [PDF]. Some of this softness can be attributed to broader economic conditions, but it would be a mistake to believe this was the largest contributor. HashiCorp
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HCP
News
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MCBC, HCP, SLCAGlobeNewswire
- HashiCorp, Inc. (NASDAQ: HCP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- IBM raises its cloud automation game with $6.4bn HashiCorp buy [Yahoo! Finance]Yahoo! Finance
- HashiCorp, Inc. (NASDAQ: HCP) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating.MarketBeat
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: HashiCorp Inc. (Nasdaq - HCP), Heartland Financial, USA Inc. (Nasdaq - HTLF), Deciphera Pharmaceuticals, Inc. (Nasdaq - DCPH), Territorial Bancorp, Inc. (Nasdaq - TBNGlobeNewswire
HCP
Earnings
- 3/5/24 - Beat
HCP
Sec Filings
- 5/6/24 - Form 4
- 5/3/24 - Form 144
- 5/2/24 - Form 144
- HCP's page on the SEC website