It was under its averages, but still at a frothy valuation (75 P/E before the announcement). The majority of their revenue comes from bookings and that's going

It was under its averages, but still at a frothy valuation (75 P/E before the announcement). The majority of their revenue comes from bookings and that's going to be hard to continue milking quarter after quarter. A great move to sell out for a very high sum.