Blackboard

By Damian Thompson An education software player privatizes, a payments behemoth gets bigger, and a social network player gains influence. Blackboard Graduates to the Middle of the Class? Blackboard Inc (NASDAQ: BBBB) announced today that it has agreed to be acquired by a group of investors lead...

According to J.P. Morgan, Blackboard (NASDAQ: BBBB) is downgraded to Neutral. J.P. Morgan said that Blackboard is trading at 44.17, or 1.8% from the Providence Equity takeover offer of $45 per share. “We do not expect a competing higher bid so we are downgrading to Neutral from Overweight and...

JP Morgan has downgraded Blackboard (NASDAQ: BBBB) from Overweight to Neutral and has lowered the price target from $52 to $45.

J.P. Morgan is out with its report on Blackboard (NASDAQ: BBBB), maintaining Overweight. In a note to clients, J.P. Morgan writes, "After the bell, Blackboard exercised its option to take its ceiling on its credit facility to the max of $225M giving them the flexibility to handle the buy in of its...

In a report published by J.P. Morgan, Blackboard (NASDAQ: BBBB) 2011 growth depends on cross-sell and up-sell. J.P. Morgan said that this week it had a chance to visit Blackboard and spend time with the CEO and CFO. “We believe the improved tone in business from the company the last couple of...

In a report published by J.P. Morgan, Blackboard's (NASDAQ: BBBB) $100 million share repurchase send a signal. J.P. Morgan reported that, after the close yesterday, Blackboard announced a $100M share repurchase program that we believe sends a clear statement about the management/board view of the...

J.P. Morgan is out with its report today on Blackboard (NASDAQ: BBBB), commenting on Q4 10 results. In its report sent to clients, J.P. Morgan writes, "BBBB reported Revenue/ Non-GAAP EPS of $117.7M/$0.34 compared to our estimates of $116.8M/$0.33 and street's $117.7M/$0.34. There was $1-1.5M of...

J.P. Morgan upgrades Blackboard (NASDAQ: BBBB) to Overweight and increases its price target from $47 to $52. In a note to clients, J.P. Morgan writes, "We believe the first half of the year visibility is ~80% and the back half is 75- 76%. Typically, we see 80% of revenue coming from the one-year...

Blackboard (BBBB) posted solid Q1 numbers after the marker closed today. The online educational software firm earned 42 cents a share, beating analyst expectations of 40 cents a share. The firm had a net profit of $5 million dollars. Sales revenue rose 17 percent to $101.1 million. Analysts were...