Cognos Inc (COGN) today has gapped above $57 a share. The stock is at new all time highs, and is currently trading at a last of $57.20.
Cognos Inc provudes business intelligence and performance management software applications and related services. The industry as a whole has been very hot lately and COGN is just one example of recent success.
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[…] the upside Goldman Sachs (GS) finished the day up just over 2%, and Cognos (COGN) gapped up today on the news that International Business Machines (IBM) was going to buy them out for $5 billion in […]
It will be interesting to see what happens with the few remaining BI (Business Intelligence) players in this sector. With all the big guns stacking their line-ups with purchases like Cognos, the BI industry as a whole could quickly be consolidated and the little guys knocked out. In the meantime, I’m sure they are going to be snatching up as much market share as they can get while these deals work themselves out.