Shares of global professional services company Accenture (NYSE:ACN) jumped 2% in the afternoon session after it agreed to acquire Ookla, a global leader in network intelligence and analytics, for $1.2 billion.

Ookla, which was acquired from Ziff Davis, is widely known for its popular applications like Speedtest® and Downdetector®. The deal included Ookla and other brands within Ziff Davis's Connectivity division. Accenture stated the purchase would strengthen its ability to help clients optimize mission-critical Wi-Fi and 5G networks. The company's CEO, Julie Sweet, remarked that the ability to measure network performance was crucial for organizations to scale AI safely and deliver the reliable connectivity that creates value.

After the initial pop the shares cooled down to $209.17, up 1.2% from previous close.

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Accenture’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The previous big move we wrote about was 8 days ago when the stock dropped 3.9% on the news that the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.

Accenture is down 19.5% since the beginning of the year, and at $209.17 per share, it is trading 39.9% below its 52-week high of $348.26 from March 2025. Investors who bought $1,000 worth of Accenture’s shares 5 years ago would now be looking at an investment worth $822.92.

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