The stock was last quoted at $116.10, up 7%, on volume of more than 800,000, according to Nasdaq.com. "Strong sales in APAC
IT management company Infoblox agrees to be acquired by Vista Equity for $1.6 billion following Starboard Value's campaign.
The company is intent on growing its hardware business and ridding itself of other units. Companies such as Nutanix and F5 Networks could be targeted.
Has the technology giant earned a valuation reset from investors?