Mike Wheatley
Latest from Mike Wheatley
Pegasystems misses Wall Street’s targets as its revenue drops by 16%
It was a bad day at the office for the low-code business process management software provider Pegasystems Inc., which delivered second-quarter earnings and revenue that fell well short of Wall Street’s expectations today. The company reported a loss before certain costs such as stock compensation of 38 cents per share, well below Wall Street’s target ...
ServiceNow misses Wall Street’s targets, lowers its fiscal forecast and its stock falls
Workflow software company ServiceNow Inc. saw its stock fall more than 7% in extended trading today after reporting second-quarter revenue that fell short of expectations. The company also lowered its fiscal 2023 guidance, though it did insist it’s still on target to hit its goal of doing $11 billion in subscription revenue by 2024 and ...
Qualcomm warns of slowdown in smartphone chip sales and its stock slides
Smartphone chip company Qualcomm Inc. is trading lower today after it issued a forecast for its fiscal fourth quarter that fell short of Wall Street’s expectations. The company blamed its poor guidance on weakening smartphone handset sales. Qualcomm’s stock fell almost 3% in the extended trading session, erasing a 2% gain from earlier in the ...
With $11M in funding, Naoris Protocol will use blockchain to make networks more secure as they grow
Blockchain-based startup NDSE Cyber, which does business as Naoris Protocol, said today it has closed on an $11.5 million funding round to build out an AI-based “cybersecurity mesh” that it promises will protect networks better as they grow. The startup is being backed by a number of high-profile investors, chief among them Tim Draper of ...
Juniper reports mixed earnings results as it struggles with ongoing supply chain woes
Shares of the computer networking supplier Juniper Networks Inc. fell in extended trading today after the company posted mixed second-quarter results, with earnings that missed Wall Street’s forecast and revenue that topped expectations. The company reported earnings before certain costs such as stock compensation of 42 cents per share on revenue of $1.27 billion for ...
Microsoft calms investors with optimistic cloud forecast and its stock ticks up
Microsoft Corp.’s stock rose more than 4% in after-hour trading today after the software and cloud giant provided better-than-expected guidance for the year ahead. The rise came despite the company posting fiscal fourth-quarter financial results that missed Wall Street’s expectations. The company reported net income of $16.74 billion for the quarter, up 2% from a year ...
Alphabet sees profit slip and misses earnings and revenue forecasts, but stock rises
Alphabet Inc., the parent company of Google LLC, posted second-quarter earnings results today that came in below expectations, but its stock gained almost 5% in after-hours trading in a sign that the results weren’t as bad as many investors had feared. The company reported earnings of $1.21 per share, amounting to a net income of ...
Slack-integrated employee wellness platform Kona raises $4M
Techstars-backed employee experience platform provider Kona has raised $4 million in seed funding to boost its mission of helping companies boost the mental health of employees working remotely. Today’s round in the company, officially known as Sike Insights Inc., was led by Unusual Ventures and included participation from Evolutionary Ventures, 2.12 Angels, Louis Beryl, David Carrico, ...
Latest Nvidia Enterprise AI release extends support for data science pipelines and low-code training
Nvidia Corp. today rolled out a major update to its AI Enterprise software suite, with version 2.1 adding support for key tools and frameworks that companies can use to run artificial intelligence and machine learning workloads. Launched in August last year, Nvidia AI Enterprise is an end-to-end AI software suite that bundles various AI and ...
F5 Networks delivers strong earnings and its stock rises
Shares of F5 Networks Inc. rose in extended trading today after the company reported fiscal third-quarter earnings and revenue that easily topped Wall Street’s expectations. The Seattle-based network traffic management and application security firm reported earnings before certain costs such as stock compensation of $2.57 per share. That meant it generated net income of $83 ...
