Oracle (ORCL) delivered second-quarter earnings after the market closed Monday, and the results sent shares lower in extended trading. They picked up from there this morning when the bell opened and the stock fell 11%. The software company fell short of expectations for revenue, delivering just $12.94 billion compared to the consensus of $13.05 [...]
by Leslie N. Masonson, MBA GigaCloud Technology, Inc. (Nasdaq:GCT), was incorporated in 2006 in Walnut Creek, California where it is currently headquartered. It has $584 million in annual sales and a market capitalization of $440 million with 764 full-time employees. Previously, it was known as Oriental Standard Human Resources Holdings Limited with a name [...]
DocuSign (DOCU) reported strong third-quarter earnings yesterday that sent shares 3% higher in Friday morning’s trading session. The stock has now rallied more than 8% in the past week. Revenue for the quarter climbed 9% YoY to $700.4 million, well above the Wall Street consensus of $690 million. DocuSign also outperformed the analyst consensus [...]
Box Inc. (BOX) shared fiscal third-quarter earnings alongside sales guidance for the remainder of the year late Tuesday that left much to be desired in the eyes of investors. A corresponding sell-off sent shares more than 13% lower in extended trading. They’ve settled at around an 8% loss so far this Wednesday morning. The [...]
All eyes within the gaming world are on Rockstar Games today, a studio owned by Take-Two Interactive Software (TTWO). The studio is known for games like Red Dead Redemption, NBA 2k, but more notably, the Grand Theft Auto lineup. And after more than 10 years, the latest iteration in the GTA series has life. [...]
It was a bad start to the week for a big chunk of Spotify’s (SPOT) workforce after the company announced Monday morning that 17% of jobs would be cut. CEO Daniel Ek didn’t mince words, admitting that many smart, talented, and hardworking individuals would be let go. This is now the third round of [...]
Shares of Marvell Technology (MRVL) have made a solid rally so far this year by capitalizing on AI hype. However, it appears as if the semiconductor manufacturer may have overestimated its ability to take advantage of the technology. Or, at the very least, its timeline to seeing profits. Marvell reported its third-quarter earnings alongside [...]
Salesforce (CRM) delivered impressive third quarter earnings along with an upbeat profit forecast for the remainder of the year, sending shares 9% higher Thursday morning. They’ve since settled around 6%. The company saw earnings improve 51% year over year to $2.11 per share, narrowly beating the consensus of $2.06 per share. Revenue grew as [...]
It’s been a crazy weekend in the AI world after OpenAI fired co-founder and CEO Sam Altman without warning late Friday. There was reason to believe he would be returning to the company just 48 hours later before OpenAI’s board of directors squashed that rumor, rejecting Altman’s offer. Then, tech-giant Microsoft (MSFT) capitalized on [...]
By Leslie N. Masonson, MBA Stride Inc. (NYSE:LRN), a technology-based education services company was incorporated in 2000 in Reston, Va. where it is currently headquartered. The company was formerly known as K12 Inc., but changed its name to Stride, Inc. in December 2020. It has $1.89 billion in annual sales and a market capitalization [...]
