Duncan Riley
Latest from Duncan Riley
Shares of Rivian Automotive Inc. rose more than 3% in late trading today after the electric car maker reported mixed earnings and revenue results in its third quarter and announced that it was ending its electric van exclusivity agreement with Amazon.com Inc. Rivian …
Shares of Akamai and Gen Digital rise on revenue beats
Shares of content delivery network and cloud services provider Akamai Technologies Inc. and cybersecurity company Gen Digital Inc. rose in late trading today after both beat revenue expectations in their latest quarterly earnings reports. For its third quarter that Sept. 30, Akamai reported adjusted …
CAST AI raises $35M in new funding and launches new Kubernetes optimization features at KubeCon
Kubernetes operations and cost management startup CAST AI Group Inc. today announced that it has raised $35 million in new funding and also debuted two new features at KubeCon + CloudNativeCon in Chicago. The new funding will be used to enhance CAST AI’s Kubernetes …
Ironscales targets image-based email security threats with new machine learning capabilities
Israeli phishing protection startup Ironscales Ltd. today announced an update to its platform capabilities aimed at bolstering defenses against the surge in image-based phishing attacks, including those using QR codes. The Ironscales Fall 2023 release introduces sophisticated machine learning protections tailored to …
New Frontegg platform is designed to fuel growth for SaaS companies
Software-as-a-service user management platform Frontegg Ltd. today unveiled Frontegg ForwardTM, a customer identity and access management platform designed to fuel growth for software-as-a-service companies. The platform introduces four innovations aimed at streamlining user management, bolstering security and offering predictive insights, which Frontegg claims will …
Intel in talks to build ‘secure enclave’ chip facilities for defense applications
Intel Corp. is the leading candidate to receive billions in U.S. government funding to build secure facilities that produce microchips for the military, according to a report from the Wall Street Journal today. The facilities, which have not yet been disclosed, would …
Shares of RingCentral jump on healthy earnings and revenue beats
Shares of RingCentral Inc. jumped over 7% in after-hours trading today after the cloud communications company delivered healthy earnings and revenue beats in its latest quarter. For its third quarter ended Sept. 30, RingCentral reported adjusted earnings per share of 78 cents, …
Palo Alto Networks confirms plans to acquire enterprise browsing startup Talon
Fresh off of acquiring Dig Security Solutions Ltd. at the end of October, Palo Alto Networks Inc. has continued its acquisition spree by announcing today that it’s acquiring Israeli enterprise browsing platform company Talon Cyber Security Ltd. for a reported $625 million. The …
Coinbase sees declining trading volume as Block surges on robust growth
Financial technology firms Coinbase Inc. and Block Inc. both reported quarterly earnings today and it was a tale of two different outcomes, as Coinbase shares fell on declining trading volume and Block shares surged as much as 17% on higher-than-expected growth. For …
Atlassian shares slide on widening loss in latest quarter
Shares in Atlassian Corp. fell about 10% in after-hours trading today after the Australian collaboration software company reported a widening loss in its latest quarter report. For its fiscal first quarter ending Sept. 30, Atlassian reported a net loss of $31.9 million, …