Windstream Holdings, Inc. (NASDAQ:WIN) [Trend Analysis] luring active investment momentum, shares a gain 7.57% to $7.82. Windstream (WIN) reported that it has completed its merger with EarthLink Holdings Corp., under which EarthLink shareholders receive 0.818 shares of Windstream common stock for each EarthLink share owned.
No fractional shares of Windstream common stock were issued in the merger, and EarthLink stockholders will receive cash in lieu of any fractional shares.Both companies have satisfied all necessary customary closing conditions, including approval from shareholders of both Windstream and EarthLink. The combined company, which will retain the Windstream name, will be headquartered in Little Rock, Ark., and maintain offices in key U.S. markets.
“We are very pleased to announce the completion of our merger with EarthLink, which improves our competitiveness and ability to serve consumers while increasing free cash flow and reducing leverage,” said Tony Thomas, president and chief executive officer at Windstream. “Our consumers will benefit from our expanded national fiber footprint and enhanced products and services, including SD-WAN, UCaaS, network security, managed services and cloud connectivity. On behalf of everyone at Windstream, we welcome EarthLink and its talented team, and look forward to a seamless transition as we continue to drive value for all of our stakeholders.” The total volume of 3.31 Million shares held in the session was surprisingly higher than its average volume of 1584.81 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 154.00%, and looking further price to next year’s EPS is 55.60%.
Several matter pinch shares of ServiceNow, Inc. (NYSE:NOW) [Trend Analysis], as shares moving down -4.04% to $88.11 with a share volume of 1.9 Million. ServiceNow (NOW) reported that its BOD has named John Donahoe President and CEO. Donahoe was formerly President and Chief Executive Officer of eBay Inc. Current President, CEO and Chairman of the Board, Frank Slootman will continue as Chairman upon stepping down from his management role on April 3, 2017.
“John is a highly capable and proven CEO, uniquely suited to lead ServiceNow in its next phase of growth and we are thrilled that the Board’s search for my successor has resulted in John joining the Company,” said Mr. Slootman who has led ServiceNow for the past six years.
“John’s extensive track record of creating value, driving innovation and scaling a large technology organization will be critical as we continue to move ServiceNow up the enterprise value chain. Our goal going forward is to not just serve the IT executive ably, but to help CEOs solve their most pressing issues, and there is nobody better to help us get there than John.” The stock is going forward its 52-week low with 66.97% and moving down from its 52-week high price with -6.98%. To have technical analysis views, liquidity ratio of a company was calculated 1.20 as evaluated with its debt to equity ratio of 1.31. The float short ratio was 4.77%, as compared to sentiment indicator; Short Ratio was 5.09.