Mike Wheatley
Latest from Mike Wheatley
Fast-growing JFrog delivers solid earnings beat
Software development tooling platform JFrog Ltd. beat Wall Street’s expectations today as its revenue grew by 24% from a year earlier, sending its stock slightly higher in extended trading. The company reported second-quarter earnings before certain costs such as stock compensation of 11 cents per share, beating Wall Street’s forecast of just five cents. Revenue came ...
Qualcomm’s stock falls on light guidance as it warns of further job cuts
Shares of smartphone chipmaker Qualcomm Inc. were battered and bruised in extended trading today as the company warned that it’s likely to miss Wall Street’s earnings and revenue targets in the current quarter. Earlier, the company reported fiscal third-quarter earnings before certain costs such as stock compensation of $1.87 per share, coming in ahead of analysts’ ...
Meta releases AudioCraft, a generative AI model for creating music and sound
Meta Platforms Inc.’s Fundamental Artificial Intelligence Research team said today it’s open-sourcing a new, high-quality generative AI framework that’s focused on producing realistic audio sound and music from text-based inputs. With the new AudioCraft, Meta’s FAIR team says, musicians will be able to explore new compositions without playing a single note on an instrument, while ...
Freshworks grows its revenue, cuts its losses, and its stock rises sharply
Customer service and support software firm Freshworks Inc. delivered another strong earnings and revenue beat in its latest quarter and cut its overall losses substantially, sending its stock more than 14% higher in extended trading today. The company reported second-quarter earnings before certain costs such as stock compensation of seven cents per share, with revenue ...
AMD makes ‘strong progress’ on AI chips and its stock rises
Advanced Micro Devices Inc. reported declining revenue and offered a forecast that came in below Wall Street’s estimates, but its stock rose after the company beat expectations and made optimistic sounds about its artificial intelligence portfolio. The company reported second-quarter earnings before certain costs such as stock compensation of 58 cents per share, just ahead ...
Vast Data announces global data infrastructure layer for AI workloads
Universal data storage platform provider Vast Data Inc. has outlined ambitious plans to power a new generation of artificial intelligence models that do more than simply parrot responses when prompted. Instead, it envisions a future where AI is able to automatically drive new discoveries and understandings that were formerly unknown. To deliver on this goal, the ...
Western Digital posts surprise earnings beat despite mounting losses
Western Digital Corp. beat expectations with its fiscal fourth-quarter results today, despite posting another alarming decline in revenue stemming from an ongoing supply glut that continues to dog the computer storage industry. The company reported a net loss of $715 million, growing from the $651 million loss it delivered a year earlier. That resulted in ...
Shares of Arista Networks jump 14% on strong earnings and revenue beat
Arista Networks Inc.’s stock got a nice bounce today after the data center networking supplier delivered better-than-expected earnings and revenue in its financial results. The company reported second-quarter earnings before certain costs such as stock compensation of $1.58 per share, beating Wall Street’s target of $1.44 per share. Meanwhile, revenue rose by 8% from a ...
Dell co-COO Chuck Whitten to leave the company next month
Chuck Whitten, the co-chief operating officer at Dell Technologies Inc., will step down from the company next month at a time when it struggles to get to grips with a historic slump in demand for personal computers and infrastructure gear. The news was announced by Dell Chief Executive Michael Dell in an email to employees ...
Pegasystems’ stock tumbles on earnings and revenue miss
Low-code automation software firm Pegasystems Inc. posted disappointing second-quarter financial results that saw it miss analyst’s targets on earnings, revenue and adjusted operating income. The company reported a net loss for the period of $46.8 million, improving on the loss of $268.2 million it posted one year earlier. However, its earnings before certain costs such ...