Roper said that ConstructConnect, a cloud services provider for the construction industry, should generate about $150 million in revenue in fiscal 2017.
The deal is expected to close this week.
Additionally, Roper reported better-than-anticipated earnings for the 2016 third quarter earlier today.
Adjusted earnings of $1.65 per share topped analysts' estimates of $1.61 per share. Revenue of $945.1 million missed Wall Street's projections of $954.5 million.
For the fourth quarter, the Lakewood Ranch, FL-based technology company expects adjusted earnings per share between $1.77 and $1.89 vs. analysts' view of $1.91 per share.
For the fiscal year, the company is looking for adjusted earnings per share in the range of $6.48 to $6.60, below its prior outlook of earnings per share between $6.57 and $6.71. Wall Street anticipates earnings of $6.60 per share for the year.
More than 1.66 million shares have traded so far on Monday vs. the 30-day average of about 450,000 shares.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: ROP