Pacific Crest Downgrades Yodlee (YDLE) to Sector Weight
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August 10, 2015 4:26 PM EDT
Yodlee (NASDAQ: YDLE) reported Q2 EPS of $0.00, $0.01 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $26 million versus the consensus estimate of $25.94 million.
For earnings history and earnings-related data on Yodlee (YDLE) click here.
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August 10, 2015 4:23 PM EDT
Envestnet, Inc. (NYSE: ENV), a leading provider of unified wealth management technology and services to financial advisors, and Yodlee, Inc. (Nasdaq: YDLE), the leading cloud-based platform driving digital financial innovation, today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction valued at $18.88 per share, or approximately $660 million on a fully-diluted equity value basis. As Yodlee has approximately $70 million in cash and cash equivalents, the transaction reflects an enterprise... More
