Cloud revenue remains sluggish at the wide-moat firm, particularly when compared with competitors such as Microsoft, Salesforce, and Workday.
The Magento acquisition will bolster the firm's already strong standing in digital marketing while unlocking new opportunities.
The wide-moat firm is enjoying greater demand for its core cloud products.
Microsoft will issue undervalued equity to finance this transaction, but it expects to repurchase shares to offset the size of the deal within six months.
The wide-moat firm continues to see strength across all of its major cloud properties, and we're boosting our fair value estimate by about 9%.
3-D printing and a managed print service focus will provide new growth opportunities for HP, secular headwinds in traditional printing will limit overall growth.
We see a massive market opportunity for the undervalued company.
We’re raising our fair value estimate for the wide-moat firm and view shares as attractive.
The purchase price looks steep, but wide-moat Salesforce can achieve significant revenue synergies given its overlap with Mulesoft's largely enterprise customer base.