The Aliso Viejo, California-based Quest Software, Inc (NASDAQ:QSFT), a producer of tools to assist companies manage computer systems, moved up more than a new $25.50 per share cash buyout bid from a strategic bidder that beat a earlier deal with Insight Venture Partners.
Shares of the Quest Software climbed 9.2% to settle at $26.06 in New York when Quest reported that it got other buyout offers after reaching a contract to be acquired by Insight for $23 per share in March. , The Quest Software stock marked the biggest gain since May 9. Shares of the company moved up 40% current year.
Quest reported on March 9 that it decided to be purchased by Insight for $23 per share.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. CA, Inc. (NASDAQ:CA) increased +1.53% to settle at $25.82, Compuware Corporation (NASDAQ:CPWR) moved up +2.49% to end at $9.06 while BMC Software, Inc. (NASDAQ:BMC) plunged -1.01% to finish on Thursday at $43.00.
Quest Software, Inc. (NASDAQ:QSFT) last session volume of 16.22 million shares was surprisingly higher than its average volume of 1.07 million shares. The stock after opening at $25.96 hit high price of $26.25 and then closed at $26.06 by scoring +9.22%.
QSFT generated revenue of 881.45 million in the following twelve months and earned $43.02 million. The Company showed a negative 5.79% in the net profit margin and as well as in its operating margin which remained 10.26%. Company’s annual sales growth for the past five year was 8.83%.
The QSFT past twelve months price to sales ratio was 2.49 and price to cash ratio remained 8.35. As far as the returns are concern, the QSFT return on equity was recorded as 4.65% and dropped 4.54% return on investment while its return on asset stayed at 3.12%.
The stock showed weekly upbeat performance of +8.58% which was maintained for the month at +3.74%. Likewise the positive performance for the quarter was recorded as +8.58% and for the year was +24.81% while the YTD performance remained at +40.11%.
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