DocuSign shares were trading lower after the electronic-signature software company posted better-than-expected results. DocuSign (ticker: DOCU) posted fiscal fourth-quarter adjusted earnings per share...
Tag: cloud computing
Snowflake Stock Tumbles As Growth Outlook Disappoints
Snowflake shares are sharply lower in late trading Wednesday, after company provided guidance for the January 2024 fiscal year that fell short of Wall Street’s expectations. The softer outlook is cons...
Buy Splunk Stock, Not Datadog, as Cloud Growth Slows, One Analyst Says
As companies tighten their budgets ahead of a potential recession, enterprise software spending is likely to slow in 2023. That has consequences for many stocks in the group. KeyBanc Capital Markets a...
Bill.com stock drops 20% as weak revenue forecast overshadows earnings beat
Bill.com Holdings Inc. shares dropped in the extended session Thursday after the business automation software company’s revenue outlook struggled to exceed Wall Street expectations. Bill.com BILL, +8....
Opinion: Microsoft gave Wall Street hope, but then the cloud forecast turned dark
Microsoft Corp. sparked a relief rally for the cloud Tuesday, then rained on that parade after less than two hours of joy. Microsoft MSFT reported slightly disappointing holiday-quarter results, but t...
Microsoft Posts Earnings Beat On Solid Cloud Results, But Guidance Disappoints
Microsoft posted better-than-expected results for the December quarter, driven by strength in cloud computing. But the strong results were tempered by disappointing guidance for the March quarter. Whi...
Snowflake Is a Great Cloud Stock to Buy on the Dip, Says Wells Fargo
Investors should buy Snowflake shares because companies are going to need the cloud-software data warehousing company’s services even as the economy slows down, Wells Fargo Securities says. On Friday,...
Why a Long-Term Investor Is Sticking With Tesla and Cloud Shares
Everything about the investment approach at Baillie Gifford screams patience. Founded more than 110 years ago, the Scottish portfolio management firm, which oversees $250 billion, is a believer in the...
Opinion: 11 predictions for money, technology, stocks and crypto for 2023
Here are some 2023 predictions for financial markets, the economy and stocks. I’ve spent the last year and a half being cautious in the wake of the Bubble-Blowing Bull Market that finally ended early ...
Amazon stock still a ‘compelling opportunity’ despite cloud concerns, says JPMorgan
Sentiment toward Amazon.com Inc.’s stock “is at a multiyear low,” according to JPMorgan analyst Doug Anmuth, but he thinks investors aren’t giving the e-commerce giant enough credit. A main source of ...
Oracle Stock Rises on Strong Earnings
Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting ...
DocuSign stock shoots higher after big earnings beat
Shares of DocuSign were flying higher in aftermarket action Thursday after the e-signature company topped expectations with its latest financial results. The company posted a fiscal third-quarter net ...
Snowflake stock drops after sales forecast that CFO admits is ‘conservative’
Shares of Snowflake Inc. fell more than 5% in after-hours trading Wednesday, when the data-software company’s executives announced quarterly revenue that topped expectations but came up shy with their...
Okta stock jumps 15%, CEO promises profit as sales reps get on same page
Okta Inc. executives on Wednesday 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 concerns stemm...
Cloud software is suffering a cold November rain. Can Snowflake and Salesforce turn it around?
The week after Thanksgiving could determine if cloud software is still too fat or if there are some tasty leftovers for Wall Street. Autodesk Inc. ADSK, +1.82% signaled a slowdown in business spending...
Oracle’s cloud strength, ‘resilient’ revenue, prompt analysts to raise targets
Oracle Corp.’s stock fell following the software giant’s fiscal third-quarter results released late Thursday, although analysts have highlighted strong momentum in the company’s cloud business. The co...