Okta Inc. executives on Tuesday said they will report an adjusted profit in the fourth quarter and, in a surprise, predicted profitability for all of next fiscal year, trumping profit Read more
Tag: Data Services
Twitter’s advertiser exile is TikTok, Reddit and Snapchat’s gain, data suggests
In the two weeks since Elon Musk tried to reassure advertisers that Twitter wouldn’t turn into a “free-for-all hellscape” under his ownership, at least a few aren’t taking him at Read more
AMD launches 18 models of new Epyc data-center chip at a time when it might be ‘more important than ever’
Advanced Micro Devices Corp. showed off Thursday how it plans to keep embedded and data-center sales on the uptick while the chip industry undergoes an unprecedented dropoff in PC demand. Read more
The 10 most influential investors in the market today
With stocks and bonds both plunging in 2022, it has been a difficult year for investors. Amid the bear market, the trades and moves of some investors have stood out. Read more
Why Okta, Twilio and Salesforce are bucking the trend of cloud-software stocks’ slide
Cloud-software stocks continued to sell off Monday, following one of the space’s worst weeks ever, although not as fast as Friday selloff as a few beaten-up stocks received upgrades and Read more
The cloudburst is upon us: Cloud-software stocks suffering worst declines on record
The lining in cloud-software stocks Friday was blood red instead of silver. Forecasts from former software darlings this week added to fears about businesses cutting back on capital spending in Read more
Cloudflare stock drops more than 10% after results, outlook top Street view
Cloudflare Inc. shares fell in the extended session Thursday even after the cybersecurity company’s results and forecast topped the Wall Street consensus. Cloudflare NET, +0.86% shares dropped as much as Read more
Security-software stocks are suffering from this one gloomy forecast
As cloud-software valuations have been slashed this year, cybersecurity stocks have been the safest play in the sector, but they have been slammed this week — and Thursday’s decline seemed Read more
AMD stock ticks higher as data-center sales hold up
Advanced Micro Devices Inc. shares ticked higher in the extended session Tuesday after the chip maker’s data-center sales held up, and corrections in the forecast remained in the area of Read more
‘Cloud titans’ Meta and Microsoft bring growth and risk to Arista Networks, analyst says
Arista Networks Inc. is enjoying revenue growth fueled by the so-called “cloud titans” led by Meta Platforms Inc. and Microsoft Corp. But at least one analyst warns that this could Read more