Itron Buys Urbint: A $325 Million Bet

Itron's stock jumped 4.5% after announcing its $325 million acquisition of Urbint, fueled by strong Q2 results and healthy cash reserves. While Itron slightly lowered revenue guidance, it raised its EPS outlook, signaling financial strength. The market reacted positively to the Urbint deal, though not dramatically, highlighting Itron's typically stable stock performance. This, combined with a recent boost from broader tech rallies, positions Itron favorably.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.