Tech Industry

Ariba sets another 2-for-1 stock split

Ariba shares stormed up 19 13/16 to an all-time high of 299 11/16 Thursday. As if that wasn't enough, the company announced its second 2-for-1 split in the past three months after the bell.

Ariba (Nasdaq: ARBA) said the split will take effect around March 31 for all shareholders of record on March 20.

After the split, the business-to-business e-commerce services provider will have more than 184 million shares outstanding.

In its latest quarter, Ariba topped analysts' estimates, posting a loss of $5.6 million, or 7 cents a share, on sales of $23.5 million.

Shortly after its June initial public offering, Ariba shares fell to a low of 30 1/2 before taking off and never looking back.

First Call consensus expects Ariba to lose 15 cents a share in its second quarter and 52 cents a share in the fiscal year.