Mike Wheatley
Latest from Mike Wheatley
Strong beat and raise helps MongoDB’s stock surge more than 13% after-hours
Shares of the database company MongoDB Inc. made strong gains in the after-hours trading session today following a crushing second-quarter earnings beat and a raise in its full-year guidance. The company reported earnings before certain costs such as stock compensation of 70 cents per share, surging past the Wall Street analysts’ consensus estimate of just ...
Dell’s stock rises on crushing earnings beat driven by AI server sales
Booming sales of servers for artificial intelligence workloads helped Dell Technologies Inc. to deliver a crushing earnings and revenue beat in its latest financial quarter, sending its stock higher in extended trading. The company reported second-quarter earnings before certain costs such as stock compensation of $1.89 per share, blowing past the analysts’ consensus estimate of ...
Data storage leaders Pure Storage, NetApp and Nutanix all beat Wall Street’s targets
Shares of data center storage rivals Pure Storage Inc. and NetApp Inc. took a hit in extended trading today, despite posting earnings and revenue that beat expectations, but both companies were completely overshadowed by Nutanix Inc. Nutanix crushed Wall Street’s estimates, sending its stock soaring more than 15% after-hours. Pure Storage’s stock fell more than 16% ...
PC sales rebound helps HP return to revenue growth, but its stock falls on earnings miss
HP Inc. beat Wall Street’s expectations on revenue in its latest quarter, but came up short in terms of profit, and its stock fell more than 4% in extended trading. The company said personal computer sales rose more than expected, helping it to deliver $13.52 billion in revenue in its fiscal third quarter, up 2% ...
Salesforce beats earnings estimates as it talks up its new AI agents
Shares of Salesforce Inc. rose just over 4% in extended trading today after the company reported strong second-quarter results that came in ahead of Wall Street’s estimates and raised its full-year earnings outlook. The company also revealed that longtime Chief Financial Officer Amy Weaver is set to step down from her role. She’ll remain in ...
Cisco snaps up AI model and data security startup Robust Intelligence
Cisco Systems Inc. said Monday it’s finalizing the acquisition of an artificial intelligence-focused security startup called Robust Intelligence Inc. for an undisclosed price. Robust Intelligence has created a platform that’s designed to protect AI models and the data they feed on throughout the entire development-to-production lifecycle. The company first got the attention of Cisco a ...
Shares of Box surge in extended trading as generative AI bets start paying off
Shares of the cloud content company Box Inc. rose in after-hours trading today after it delivered second-quarter financial results that surpassed estimates and it raised its full-year forecast. The company reported earnings before certain costs such as stock compensation of 44 cents per share, easing past the analyst’s consensus estimate of 40 cents. Revenue for ...
Cerebras Systems throws down gauntlet to Nvidia with launch of ‘world’s fastest’ AI inference service
Ambitious artificial intelligence computing startup Cerebras Systems Inc. is raising the stakes in its battle against Nvidia Corp., launching what it says is the world’s fastest AI inference service, and it’s available now in the cloud. AI inference refers to the process of running live data through a trained AI model to make a prediction ...
Katara raises $2.2M in seed funding to accelerate developer experiences with generative AI
Developer experience platform startup Katara AI Inc. today revealed it has closed on a $2.2 million seed funding round, with plans to use the money to expand beyond its Web3 customer base and target developers at legacy technology firms. Today’s round was co-led by Diagram Ventures and Sparkle Ventures, and saw participation from StreamingFast and ...
Quest Software announces enhanced data intelligence and modeling tools to boost AI data quality
Quest Software Inc., the former Dell Technologies Inc. business unit that’s focused on enterprise data management and security, today announced a major update to its popular erwin Data Intelligence and erwin Data Modeler tools. The revamped offerings enable companies to pursue a more comprehensive approach to managing, governing and using data to fuel their ambitions ...