HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker
Publishing timestamp: 2024-04-23 16:04:23
Summary
HashiCorp's revenue jumped almost 23% in the most recent fiscal year, compared to 2% for IBM. Shares of HashiCorp surged almost 20% following reports of potential acquisition talks with IBM. HashiCorp's software helps manage cloud infrastructure and security credentials, with a potential deal with IBM rumored to be in the works. IBM shares initially slipped but recovered after the news.
Sentiment: NEUTRAL
Tickers: IBM, CSCO, HCP, MSFT, AMZN,
Keywords: breaking news: technology, business news, amazon.com inc, international business machines corp, cisco systems inc, microsoft corp, hashicorp inc,