Earlier Thursday, Rosenblatt Securities analyst Kirk Adams noted that the "likely outcome" of a partnership between Jive Software JIVE and Cisco Systems CSCO is a Cisco acquisition of Jive, if the pact is successful.
Shares of Jive shot up over five percent following the release of the Rosenblatt note, but have since fallen back to levels below Wednesday's close.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in