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ARBA

Ariba, Inc.

5/21/2013, 5:54 PM ET

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Friday, September 28, 2012, 6:07 PM The DOJ has approved SAP's $4.3B ($45/share) acquisition of Ariba (ARBA), following a somewhat lengthy review. The news comes shortly after SAP announced U.K. regulators have also given their blessing to the deal, which will make SAP a dominant player in enterprise procurement software and the owner of a top B2B e-commerce network. Comment! [Tech, M&A]
Tuesday, August 14, 2012, 5:35 PM Lone Pine raises a few bets this quarter, upping its stakes in Gap (GPS) from 11.2M to 21.5M shares, Kinder Morgan Energy Partners (KMP) from 4.2M shares to 17.6M shares and Michael Kors from 5.2M to 9.2M shares. It cuts postitions in Dollar General (DG) from 13.4M to 3.7M and Owens Corning from 2.5M to 940K, and liquidates positions in Ariba (ARBA), El Paso (EP), Green Mountain Coffee (GMCR), Medco Health (MHS), TripAdvisor (TRIP) and Wynn Resorts (WYNN). 1 Comment [Consumer, Energy, Tech, Healthcare]
Thursday, July 26, 2012, 4:51 PM Ariba (ARBA): FQ3 EPS of $0.25 in-line. Revenue of $137M (+12.4% Y/Y) beats by $1.5M. (PR) Comment! [Earnings, Tech]
Thursday, July 26, 2012, 12:10 AM Notable earnings after Thursday's close: AMGN, AMZN, APKT, ARBA, CA, CB, CBL, CERN, CINF, CLWR, CSTR, DECK, EXPE, FB, FBHS, GILD, HGSI, IM, INFA, KEG, KLAC, LEG, MCK, MXIM, PFG, QLGC, QLIK, RGC, RSG, SBUX, SPF, TLAB, UHS, VRSN Comment! [Earnings]
Wednesday, July 25, 2012, 5:35 PM Notable earnings after Thursday's close: AMGN, AMZN, APKT, ARBA, CA, CB, CBL, CERN, CINF, CLWR, CSTR, DECK, EXPE, FB, FBHS, GILD, HGSI, IM, INFA, KEG, KLAC, LEG, MCK, MXIM, PFG, QLGC, QLIK, RGC, RSG, SBUX, SPF, TLAB, UHS, VRSN Comment! [Earnings]
Tuesday, July 3, 2012, 12:33 PM Ariba (ARBA -0.5%), which is set to be acquired for $45/share by SAP, slips to $44.53 after the DOJ issues a second request for information as part of its review of the deal. While there are some concerns about the dominant position of an SAP-Ariba combo in enterprise procurement software, most expect the deal to go through. Comment! [Tech, M&A]
Wednesday, May 23, 2012, 2:46 PM Though it didn't come cheap, UBS and Nomura are praising SAP's (SAP -0.7%) $4.3B acquisition (I, II) of Ariba (ARBA). The former notes the kind of B2B transactions handled by Ariba's network cover 63% of all trade, and the latter argues the deal will help SAP achieve its goal of obtaining €2B in cloud revenue in 2015. Smaller Ariba rival SciQuest (SQI +6.2%) is rallying for the second straight day. Comment! [Tech, M&A, On the Move]
Tuesday, May 22, 2012, 3:14 PM More on SAP/Ariba: The purchase follows SAP's $3.4B acquisition of cloud HR software vendor SuccessFactors, and gives it a set of products and services that complement its core ERP software solutions. Also, Ariba's market leadership means there are no major rivals Oracle (ORCL) can acquire in response, though SciQuest (SQI +1.6%), a much smaller competitor, is rallying a bit. SAP is nearly unchanged, Ariba will resume trading at 3:15 PM ET. 1 Comment [Tech, M&A, On the Move]
Tuesday, May 22, 2012, 2:59 PM SAP is acquiring cloud spend management software/B2B e-commerce network owner Ariba (ARBA) for $45/share in cash, or $4.3B. The price represents an 18% premium to Ariba's final trade before shares were halted at 2:30 PM ET. The deal will be funded using a combo of SAP's existing cash and a €2.4B term loan facility. SAP expects it to close in Q3, and be accretive to 2013 EPS. (PR) (previous) Comment! [Tech, M&A, On the Move, Breaking News]
Tuesday, May 22, 2012, 2:54 PM Ariba (ARBA) halted for news, and the buzz is that SAP is agreeing to buy the company for $45/share, a 20% premium to yesterday's closing price. Comment! [Tech, Breaking News, M&A]
Monday, May 14, 2012, 3:28 PM Eddy Elfenbein's list of 13 "way, way, way overpriced" stocks: AMZN, MMI, CRM, NFLX, KO, WFM, COST, SRCL, SBUX, NKE, ARBA, CMG, ISRG. 15 Comments [Quick Ideas]
Friday, April 27, 2012, 1:18 PM Ariba (ARBA +13.1%) is making 10-year highs following a solid FQ2 report, highlighted by a 59% sales jump for its business e-commerce network. In addition, subscription software sales rose 32%, evidence of Ariba's effective transition to a cloud model for its spend-management offerings. During its earnings call, Ariba guided for FY12 revenue of $525M-$535M and EPS of $0.96-$1.00, compared with a consensus of $528.2M and $0.95. 1 Comment [Tech, On the Move]
Thursday, April 26, 2012, 5:09 PM Ariba (ARBA): FQ2 EPS of $0.25 beats by $0.03. Revenue of $131.5M (+21.8% Y/Y) beats by $3M. Shares +1.1% AH. (PR) 1 Comment [Earnings, Tech, On the Move]
Wednesday, April 11, 2012, 3:43 PM Goldman says M&A is poised to see an uptick in activity. Companies with the highest probability for a takeout in small-caps are: Ariba (ARBA +0.9%), Onyx Pharmaceuticals (ONXX +2.4%), and Synchronoss (SNSS +3.1%). Comment! [On the Move, Healthcare, Tech]
Tuesday, March 13, 2012, 10:02 AM Cornerstone OnDemand (CSOD -1.7%) underperforms after Goldman's Greg Dunham slashes his rating to Neutral on valuation grounds. While expecting Cornerstone to continue growing due to its acquisitions and technology investments, and the early lead held by its cloud learning management offerings, Dunham considers Ariba (ARBA) a better cloud play at current levels. Comment! [Tech, On the Move, Quick Ideas]
Monday, February 27, 2012, 9:33 AM Ariba (ARBA) opens +3.3% after shares are upgraded to Conviction Buy from Neutral at Goldman Sachs, which cites improving fundamentals with increased adoption of B2B connectivity and SaaS, accelerated growth and margin expansion, and increased likelihood of M&A. The firm sets a new $40 price target, up from $34. Comment! [Tech, On the Move]