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2023-05-26 12:30:00 ET A holiday-shortened week still packs an ample slate of earnings reports, as May comes to an end and the final month of the calendar quarter gets started. Tech results headline the week with Salesforce ( NYSE: CRM ), Broadcom ( NASDAQ: AVGO ...
2023-05-24 18:20:25 ET Summary Despite decent Q1 FY2024 results, Snowflake Inc. management issued a disappointing forward guidance, indicating growth slowdown and margin compression in FY2024. Due to the weakness in growth, Snowflake stock's over 20x of EV/Revenue in FY2024 is exp...
2023-05-24 07:44:41 ET Palo Alto Networks ( NASDAQ: PANW ) shares rose nearly 5% in pre-market trading on Wednesday after the cybersecurity company posted third-quarter results that were deemed "solid" by investment firm Wells Fargo amid an uncertain economy. Analyst And...
2023-05-20 09:00:00 ET Tech stocks have had a strong start to 2023, buoyed by optimism that the Federal Reserve is close to the end of its rate hike cycle, relief over the U.S. debt ceiling and better-than-expected quarterly results from stalwarts such as Apple ( NASDAQ: AAPL ), Mic...
2023-05-18 06:40:00 ET Contrary to popular belief, not all tech stocks experienced a massive growth slowdown over the past 18 months. Even if increases slowed to an extent, some companies continued to regularly report significant revenue growth and improving bottom lines. This is especi...
SAN JOSE, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that Syam Nair has been appointed as the company’s Chief Technology Officer and EVP of Research and Development. In this role, Nair will be responsible for d...
2023-05-12 08:30:00 ET Summary Takeaways from earnings reports: AWS, Azure, GCP. Positioning for 2H - easy comps and AI tailwinds. Mid-caps lagging mega-caps creating outsized opportunities. After several challenging quarters, the set-up for cloud stocks is significantly...
2023-05-12 08:20:00 ET Shares of cloud software favorites Zscaler (NASDAQ: ZS) , Snowflake (NYSE: SNOW) , and Datadog (NASDAQ: DDOG) were surging this week, up 29%, 10.3%, and 13.2%, respectively, through Thursday trading, according to data provided by S&P Glob...
2023-05-10 13:39:36 ET Zscaler ( NASDAQ: ZS ) shares surged 7% on Wednesday as investors continued to buy up the cybersecurity company after it issued preliminary strong third-quarter results and boosted its outlook for fiscal 2023 earlier this week. At just before 1:30 ...
2023-05-10 12:56:03 ET A broad cross-section of stocks were in rally mode on Wednesday. Market watchers were focused on the Federal Reserve's ongoing battle to control rampant inflation. The latest U.S. government data showed that inflation cooled more than expected last month, which could ...
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2024-07-24 11:38:05 ET USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER – USA News Group – The telecom market just witnessed a security breach nightmare, with the data (records of calls and texts) of nearly all customers of a giant getting stolen by...
2024-07-17 14:42:08 ET Shares of Zscaler (NASDAQ: ZS) slid 13.3% in the first six months of the year, according to data provided by S&P Global Market Intelligence . The cybersecurity stock struggled as investors came to terms with the company's slowing growth rate and increa...
2024-07-16 05:58:00 ET According to Cybersecurity Ventures, cybercrime is set to cost the world $9.5 trillion this year, and the damage bill could top $10.5 trillion in 2025. Malicious actors are even using artificial intelligence (AI) to launch highly sophisticated attacks on businesses. ...