MNTV News and Press, Momentive Global Inc. From 02/11/22

Proxy advisory firms ISS and Glass Lewis recommended holders of Zendesk (NYSE:ZEN) vote against the company's planned acquisition of SurveyMonkey parent Momentive Global Inc. (NASDAQ:MNTV).  Zendesk rose 4.5%, while Momentive gained 6.4%. "Although ZEN's leadership believes that tha...

Proxy firm Glass Lewis recommended that Zendesk (NYSE:ZEN) and Momentive Global (NASDAQ:MNTV) holders vote against a combination of the companies. Zendesk rose 2.7% in premarket trading, while Momentive gained 7.6%. "There remains a credible array of concerns which, in our view, fir...

Zendesk (NYSE:ZEN) Chief Executive Mikkel Svane said the customer-service software company has said all it is going to say about rejecting an unsolicited acquisition offer. Speaking on a conference call Thursday, Svane said Zendesk (ZEN) received an offer to be acquired for between $127 and $...

Momentive Global press release (NASDAQ:MNTV): Q4 Non-GAAP EPS of -$0.01 misses by $0.05. Revenue of $117.34M (+16.2% Y/Y) misses by $3.23M. Due to the company’s pending acquisition by Zendesk, Momentive is not hosting a conference call and webcast to discuss these financial results. Ad...

Increases Enterprise Sales Revenue by 34% Year-over-Year in Q4 2021 Generates 18% Year-over-Year Revenue Growth, $48.6 Million in Free Cash Flow in Full Year 2021 SAN MATEO, Calif., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Momentive (NASDAQ: MNTV), an agile experience manag...

Zendesk (NYSE:ZEN) shares surged on Thursday after The Wall Street Journal reported that several private equity firms, including Thoma Bravo LP, have bid for the software company. In addition to the bids, Zendesk is under pressure from activist investor Jana Partners to cancel its proposed ac...

Momentive Global (NASDAQ:MNTV) is scheduled to announce Q4 earnings results on Thursday, February 10th, after market close. The consensus EPS Estimate is $0.04 (+33.3% Y/Y) and the consensus Revenue Estimate is $120.57M (+19.4% Y/Y). Over the last 2 years, MNTV has beaten EPS estimates 50% of...

ACG Partners is a middle-market investment bank focused on SaaS (software as a service) companies. Its February update included the following three charts:  Chart 1: The 100 stocks in ACG's SaaS index were trading at a ratio of enterprise value to trailing 12 months' revenue of 12x in Ja...

Zendesk Last-Ditch Effort To Justify Momentive Acquisition Revealed To Be Dramatically Flawed, The Market Has Spoken: Momentive Transaction Is Wrong Path Forward For Zendesk JANA Partners Opposes Momentive Acquisition JANA Partners Releases New Letter to Zendesk Board PR...

Potential Deal in the Works, Citrix Systems to be acquired by Vista and Elliott. Vista and Evergreen (an affiliate of Elliott) intend to combine Citrix and TIBCO Software, one of Vista’s portfolio companies. Cedar Fair (FUN) received an unsolicited non-binding proposal from...