Life insurance firm Brighthouse Financial (BHF) and software maker ServiceNow (NOW) are climbing 15% and 5%, respectively, today.
According to a report, BHF is looking to sell itself. Meanwhile, NOW rose in response to one of its large peers reporting higher-than-expected fourth-quarter revenue.
BHF Is Reportedly Seeking To Be Acquired
BHF, which sells life insurance and offers annuities, is looking to be bought, The Financial Times reported today. "Some of the most prominent private capital managers" are reportedly interested in bidding for the firm. What's more, BNF has already hired Goldman Sachs (GS) and Wells Fargo (WFC) to work on a potential deal, the publication noted, adding that an acquisition may still not wind up taking place.
NOW Rises After SAP's Top-Line Beat
Germany-based SAP (SAP), which, like NOW, markets software for companies, reported higher-than-expected fourth-quarter revenue today. Specifically, it generated Q4 revenue of 9.38 billion euros, versus analysts' average estimate of 9.14 billion euros. The company's top line jumped 27% versus the same period a year earlier to €4.71 billion.
On a negative note, SAP reported Q4 earnings per share of 1.40 euros, below analysts' average outlook of 1.45 euros.
NOW has surged 12% in the last month and 25% in the last three months.
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READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.
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