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EDA software and custom IC design company $CDNS said that it has agreed to acquire Rocketick Technologies Ltd., an Israel-based provider of multicore parallel simulation. The acquisition is expected to close in 2Q16, and is not expected to have a material impact on $CDNS' FY16 results of operations. Terms of the transaction were not disclosed.
Visa ($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.