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$PTC said that it has agreed to acquire Kepware, a software development firm, for approx. $100MM, plus bonus of $18MM post success of its strategic initiatives. $PTC to fund this deal through credit facility & expects non-GAAP earnings to be neutral in FY16. The deal is expected to close in early 2016, subject to customary closing conditions.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.