Mike Wheatley
Latest from Mike Wheatley
Soft outlook weighs on Dell’s stock despite soaring AI server sales
Dell Technologies Inc. posted strong second-quarter financial results today, but even though it beat expectations on earnings and revenue, its stock was heading lower on soft guidance for the current quarter. The company reported earnings before certain costs such as stock compensation of $2.32 per share, sneaking past Wall Street’s target of $2.30 per share, ...
Pure Storage’s impressive earnings thrill Wall Street, but Nutanix and NetApp disappoint
Flash data storage pioneer Pure Storage Inc. outshone its main rivals today with solid second-quarter results that crushed Wall Street’s estimates and upbeat guidance, sending its stock soaring in extended trading. In contrast, shares of rival storage providers Nutanix Inc. and NetApp Inc. were headed in the opposite direction. Although Nutanix beat the Street’s expectations, ...
HP cites strong demand for AI PCs as it beats expectations on revenue, but investors aren’t impressed
HP Inc.’s stock traded lower in extended trading late today after initially rising in the wake of its third-quarter financial results. The company surpassed analysts’ expectations on earnings and revenue and said it’s seeing solid demand for its new generation of artificial intelligence-capable personal computers, but its guidance for the current quarter failed to reflect ...
Snowflake’s stock pops as AI momentum drives solid earnings and revenue beat
Shares of Snowflake Inc. popped in extended trading after the cloud-based data storage giant reported better-than-expected second-quarter earnings and revenue and issued upbeat guidance for the rest of the year. The company reported adjusted earnings of 35 cents per share, easily topping Wall Street’s consensus view of 27 cents per share. Revenue for the period ...
InstaLILY gets $25M to accelerate industry automation with agentic AI teammates
InstaLILY Inc. said today it has raised $25 million exclusively from Insight Partners to fuel the growth of industry vertical-specific “AI Teammates” that are designed to live inside legacy software systems and perform tasks that were previously impossible to automate. The artificial intelligence startup says it’s pioneering a new way to fulfill the potential of ...
MariaDB buys its former subsidiary SkySQL to enhance its agentic AI and serverless capabilities
The privately held database company MariaDB plc seems to have changed its mind about the future of SkySQL Inc., deciding it does need it after all. In a somewhat unusual reversal, it revealed it’s buying its former subsidiary for an undisclosed price, just 18 months after it spun it out as a separate entity. SkySQL ...
Box bumps up its guidance after posting solid earnings and revenue
Shares of the cloud storage pioneer Box Inc. moved higher in extended trading today after it delivered another earnings and revenue beat and raised its full-year guidance, citing momentum with its artificial intelligence offerings. The company reported second-quarter earnings before certain costs such as stock compensation of 33 cents per share, edging past the analyst’s target ...
MongoDB boosts outlook on strong earnings and revenue momentum and its stock jumps
Updated: Document database company MongoDB Inc. bumped up its full-year guidance for the second time this year after its second-quarter sales crushed Wall Street’s expectations, sending the company’s stock sky-high in extended trading. The company reported earnings before certain costs such as stock compensation of exactly $1 per share, easily surpassing the Street’s forecast of ...
Harness deploys AI agents to automate every aspect of software delivery after code generation
Harness Inc. said today it’s injecting artificial intelligence into every stage of the software delivery process, looking to automate every step after the coding process, including testing, security, deployment and maintenance. The new Harness AI suite builds on the company’s flagship platform, including the Harness Internal Developer Portal, which is designed to support continuous integration ...
Sleep.ai raises $5.5M to aid in rest with data-backed sleeping insights
A startup called Sleep.ai said today it has raised $5.5 million in venture capital funding to try and help everyone get a better night’s rest by leveraging what it says is the world’s most in-depth “sleep intelligence” platform. Today’s round was led by Treasure Coast Ventures and saw participation from Nurture Ventures, the Harvard Business ...