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The Raleigh, North Carolina-based open-source software company $RHT agreed to buy IT automation and DevOps leader Ansible for an undisclosed sum. $RHT expands its leadership in hybrid cloud management, OpenStack and containers. The deal is expected to close in Oct. The acquisition is expected to have no material impact to revenue for 3Q16 and 4Q16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.