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BMC

BMC Software, Inc.

5/19/2013, 8:53 AM ET

Quote & Headlines Market Currents StockTalk

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Tuesday, May 7, 5:52 AM BMC Software (BMC): FQ4 EPS of $0.87 misses by $0.06. Revenue of $568.6M misses by $23.2M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, May 7, 12:10 AM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GA, GPOR, HTA, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
Monday, May 6, 5:35 PM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GTEK, GA, GPOR, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
Monday, May 6, 9:39 AM It's official: BMC Software (BMC) is selling itself to Bain Capital and Golden Gate Capital for $46.25/share in cash after several months of talks with various P-E firms; the price represents a 2% premium to Friday's close. Activist investor Elliott Associates, which owns 9.6% of BMC, is backing the deal. BMC has been given a 30-day go-shop period during which it can "solicit alternative proposals." (PR) (yesterday) 1 Comment [Tech, M&A]
Sunday, May 5, 9:24 PM Bain Capital and Golden Gate capital could announce a deal to buy BMC Software (BMC) for ~$46 per share as early as Monday, Reuters says. (previous) Comment! [Tech, M&A]
Tuesday, April 30, 11:18 PM A consortium led by Bain Capital and Golden Gate Capital is the odds-on favorite to buy BMC Software (BMC), as the group has outbid a syndicate comprised of KKR, TPG Capital, and Thoma Bravo, sources tell Reuters. The offer for the company is projected to be in the $6.5B range equating to between $45-50 per share. BMC could still decide not to sell itself, people familiar with the matter said. (previous: I, II) Comment! [Tech, M&A]
Thursday, April 11, 2:22 PM BMC Software (BMC +1.7%) spikes higher after Reuters reports two P-E consortiums are finalizing bids set to be made on April 22. One consortium features Thoma Bravo, KKR, and TPG, and the other Bain Capital and Golden Gate Capital. (previous) Comment! [Tech, On the Move, M&A, Breaking News]
Monday, April 8, 4:33 PM BMC Software (BMC) +0.7% AH after disclosing it's carrying out a restructuring that will produce $33M-$38M in pre-tax charges. Activist investor Elliott Associates has been pushing BMC to streamline its operations, as reports of M&A interest continue to swirl. Comment! [Tech]
Thursday, March 21, 1:54 PM More on BMC Software: Reuters reports Bain Capital and Golden Gate Capital have also formed a consortium to bid on BMC (BMC +3.4%), and that Thoma Bravo is part of a third consortium. The first round of bids are reportedly over, and final bids are "expected in the next few weeks." BMC is off the day's highs. 1 Comment [Tech, M&A]
Thursday, March 21, 11:14 AM BMC Software (BMC +5.2%) jumps on a report P-E firms KKR and TPG have joined forces to make a possible bid. The systems management software firm has been the subject of buyout rumors for months. Comment! [Tech, On the Move, M&A, Breaking News]
Thursday, March 14, 1:07 PM Banks are interested in financing a BMC Software (BMC +1.7%) LBO, sources tell dealReporter. Bloomberg reported in October three P-E firms have shown interest in bidding for the systems management software vendor. 1 Comment [Tech, M&A]
Thursday, February 14, 11:14 AM ServiceNow (NOW +7.4%) jumps after receiving a two-notch upgrade to Buy from UBS: the firm cites valuation, growing adoption of ServiceNow's cloud-based IT service desk platform, and the end of major post-IPO share lockups. Yesterday, SA contributor Max Returns declared ServiceNow a buy for many of the same reasons, and noted the company is taking share from incumbents CA and BMC. A whopping 55.3% of the float was shorted as of Jan. 31. (UBS' October downgrade) Comment! [Tech, On the Move, Quick Ideas]
Monday, January 28, 5:43 PM After-hours top gainers, as of 5:15 p.m.: FAF +6%. PCL +3%. WCRX +3%. MCRS +3%. GGP +2%.
After-hours top losers: BMC -7%. EMC -5%. STX -5%. CTXS -4%. FIO -4%. Comment! [On the Move]
Monday, January 28, 4:57 PM More on BMC Software's (BMC) FQ3: Issues downside guidance for FY 2013, seeing EPS of $3.35-$3.45 vs. $3.49-$3.59 prior and $3.56 consensus, citing weaker than expected bookings in the quarter. Two large MSM renewal transactions slipped out of the quarter, which BMC believes will close in FQ4. "We are scrutinizing the entire company to improve our operational discipline," CEO Bob Beauchamp says. Comment! [Tech, Earnings]
Monday, January 28, 4:21 PM BMC Software (BMC): FQ3 EPS of $0.99 misses by $0.02. Revenue of $580M (+5.8% Y/Y) misses by $7M. Shares -7.8% AH. (PR) Comment! [Earnings, Tech, Breaking News, On the Move]
Monday, January 28, 12:10 AM Notable earnings after Monday’s close: BMC, CE, IDTI, ILMN, MSPD, OLN, SANM, STLD, STX, VMW, YHOO, ZION Comment! [Earnings]