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Qualtrics, the cloud-based platform for managing online customer experiences, intends to spend $500 million on AI over the next four years. The company made the announcement this morning alongside the launch of its new AI-integrated platform, XM/os2 (an unwieldy name, to be sure), which offers generative AI solutions tailored to enterprise experience management use cases.
While tech stocks in general have fared well this year amid cooling inflation and slower rate hikes by the U.S.
Qualtrics International (XM) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.01 per share a year ago.
A few days after going private for a second time, software giant Qualtrics International Inc. was already prepping for its next iteration.
Qualtrics (XM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Silver Lake and CPP Investments acquire Qualtrics for $12.5 billion
Qualtrics International Inc. shares XM, -3.39% were rising more than 6% in premarket trading Monday after the software company said it has agreed to be taken private by Silver Lake, in partnership with Canada Pension Plan Investment Board, in a deal that values Qualtrics at about $12.5 billion. Silver Lake and CPP Investments will pay $18.15 a share to acquire Qualtrics in an all-cash deal.
Qualtrics, the software company behind an experience management platform used by thousands of companies such as Uber, Coca-Cola, and Pfizer, has accepted a $12.5 billion all-cash offer from private equity firm Silver Lake and Canada Pension Plan Investment Board (CPP Investments).
SAP SE (NYSE: SAP) announced a deal to sell all of its 423 million shares of Qualtrics as part of a $12.5 billion deal. These are the details.
CNBC's Deirdre Bosa joins 'Power Lunch' to discuss the Qualtrics buyout proposal, software stocks looking to go private and macro economic concerns creating a difficult buyout and financing environment.