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After 19% Annual Gain, Talend Trades $2 Below Thoma Bravo Go-Private Price
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Operator
Please standby everyone, we re about to begin. Good day, and welcome to the Talend s Fourth Quarter FY2020 Earnings Call. [Operator Instructions]
At this time, I d like to turn the conference over to Damaari Drumright. Please go ahead, sir.
Damaari Drumright
Vice President, Treasury and Investor Relations
Thank you. This is Damaari Drumright, Vice President of Treasury and Investor Relations for Talend. And I m pleased to welcome you to Talend s fourth quarter fiscal year 2020 conference call.
With me on the call today are Talend s CEO, Christal Bemont; and CFO, Adam Meister. During the course of today s presentation, our executives will make forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally relate to future events or future financial or operating performance and involve known and unknown risks and uncertainties along with other factors that may cause our actual results, performance or achievements to
Author Bio
Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
What happened
Shares of
Talend (NASDAQ:TLND) rallied today, closing out the day with gains of 11% after getting a bullish initiation from Wall Street. Craig-Hallum kicked off coverage of Talend with a buy rating alongside a price target of $55.
So what
Analyst Chad Bennett argues that Talend will benefit from the secular trends toward digital transformation and cloud migration as enterprise organizations continue to modernize operations. The tech company provides data integration services for a variety of sectors through its software platform. Companies need to connect numerous fragmented data sources with data stores, and Talend is an established leader in that market, according