When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
CBLK - BlackBerry Should Stop Talking To Wall Street Bean Counters
Carbon Black Inc.
BlackBerry recently acquired Cylance, a leading AI-based cybersecurity platform for $1.4B, all cash. The market was unimpressed. At less than 7 times projected revenues, many investors criticized Jack Chen for paying too much.
A few months later, CrowdStrike (CRWD), one of Cylance’s main competitors, went public and its market valuation immediately shot up to $13B. Including the nearly $200M in cash on its balance sheet, CRWD trades at 9 times the P/S ratio BlackBerry paid for Cylance.
Such a difference in price could be explained by the difference in size. Indeed, CRWD’s revenues