Accenture Shares Fall 9.6% as Company Acquires Ookla for Network Intelligence
Over the past month, Accenture shares slid 9.6% while ServiceNow outperformed peers with a 16.3% rally compared to industry declines of 1.6%. Accenture announced a strategic agreement to acquire Ookla, owner of Speedtest, to bolster network intelligence offerings with data from 250 million monthly tests and 1,000 data points per test.
1. Comparative Share Performance
Over the one-month period ending March 6, Accenture shares declined 9.6% while ServiceNow shares rallied 16.3%, significantly underperforming the Zacks Computers - IT Services industry and the S&P 500, which fell 1.6% and 1.7% respectively. This performance gap underscores investor preference for firms rapidly expanding AI-driven workflow automation platforms.
2. Ookla Acquisition Details
On March 3, Accenture announced a strategic agreement to acquire Ookla, the company behind Speedtest, Downdetector, Ekahau and RootMetrics, aiming to enhance its network intelligence services. Ookla’s platform delivers over 1,000 data points per test across 250 million monthly user tests, equipping telecom and enterprise clients with real-world connectivity insights to optimize Wi-Fi, 5G and AI-driven network performance.