What IBM's Deal For HashiCorp Means For The Cloud Infra Battle [Forbes]
HashiCorp, Inc. (HCP)
Last hashicorp, inc. earnings: 10/30 04:20 pm
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Source: Forbes
The move puts to rest HashiCorp's tumultuous tenure in the public markets and firms up IBM's leadership position as one of the leading providers of cloud management tools. IBM already owns Red Hat, which it purchased for $34 billion in 2019. But at the same time, the deal also highlights IBM's challenges to transform itself in a fast-moving industry. Even with the success of Red Hat, whose products are widely deployed and used among cloud engineers, the company had difficulty moving the needle. This was clearly demonstrated on IBM's earnings call last night, when the company reported revenue grew only 1.5% year-over-year. Its shares fell 9% on a combination of the earnings report and the HashiCorp news. BRAZIL - 2022/08/12: In this photo illustration, the HashiCorp logo is seen in the background of a ... [+] silhouetted woman holding a mobile phone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) IBM said the HashiCorp deal would be accretive to
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HCP
News
- 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
- HASHICORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HashiCorp Inc. - HCPBusiness Wire
HCP
Earnings
- 3/5/24 - Beat
HCP
Sec Filings
- 5/3/24 - Form 144
- 5/2/24 - Form 144
- 5/2/24 - Form 144
- HCP's page on the SEC website