Hewlett-Packard (HPQ) this morning announced a deal to buy ArcSight (ARST) for $43.50 a share in cash, or about $1.5 billion. The Wall Street Journal over the weekend had reported that the two companies were close to signing a deal. The transaction is expected to close by the end of [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Hewlett-Packard (HPQ) is close to a deal to buy ArcSight (ARST) for about $1.5 billion, the Wall Street Journal reports, citing “people familiar with the matter.”
The story reports that ArcSight, which makes intrusion detection software, was asking about $42 a share. The stock closed Friday at $35.10.
The Journal asserts that [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ArcSight (ARST) yesterday reported stellar results for the July quarter – but simply refused to talk about speculation that it has been shopping for a buyer. Which leaves the Street with a conundrum: How do you value the stock here?

The Street is generally supportive of the stock, but analysts have [...]

Article courtesy of BARRONS.com: Tech Trader Daily

On a conference call with the Street this afternoon following its FY Q1 earnings report, ArcSight (ARST) CEO Tom Reilly declined to talk about the recent Wall Street Journal report which asserted that the security software company has put itself up for sale.
Here’s what he said:
Before reporting on our financial [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ArcSight (ARST) this afternoon posted better-than-expected results for its fiscal first quarter ended July 31.
For the quarter, the security software provider reported revenue of $48.1 million and non-GAAP profits of 18 cents a share; the Street had been projecting $45.5 million and 13 cents.
For FY Q2, the company sees revenue [...]

Article courtesy of BARRONS.com: Tech Trader Daily

According to a security industry source, ArcSight (ARST) is holding an all-hands meeting with staff today at its headquarters in Cupertino, California. As noted earlier, the security software company will report earning today after the close; but the obvious speculation is that an all-hands meeting could be tied to the [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Morgan Stanley analyst Keith Weiss this morning cut his rating on ArcSight (ARST) to Equal Weight from Overweight after the stock’s run-up last week on a Wall Street Journal story that said the company has put itself up for sale. Weiss notes that the move has pushed the stock up [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ArcSight (ARST) shares have skyrocketed this afternoon after the Wall Street Journal reported that the security software and services provider has put itself up for sale – and that potential buyers – including Oracle (ORCL) and Hewlett-Packard (HPQ) – could pay up to $1.5 billion for the company. The story [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Robert. W. Baird analyst Steven Ashley this morning launched coverage of security software provider ArcSight (ARST) with a Neutral rating, “due to valuation.” He notes that the company, a player in the Security Information and Event Management sector, trades for almost 36x his estimate EPS for the April 2011 fiscal [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ArcSight (ARST) shares are trading sharply lower this morning after Needham analyst Scott Zeller cut his rating on the security software company to Hold from Buy. He notes that ARST is due to report April quarter results on June 10th.
Zeller writes that he finds a number of factors which could [...]

Article courtesy of BARRONS.com: Tech Trader Daily