Mike Wheatley
Latest from Mike Wheatley
Nutanix’s stock slides, despite early results beating expectations
Shares of Nutanix Inc. were trading lower late today after the company reported preliminary second-quarter financial results that topped Wall Street’s expectations. Nutanix’s stock rose as much as 6% after-hours, only to do a complete reversal to decline more than 4%. That happened after the company said its second-quarter revenue rose 18% from a year ...
Broadcom and Marvell deliver solid financial results, but doubts persist over long-term outlook
Semiconductor firm Broadcom Inc. once again beat expectations as it delivered its first-quarter financial results, and offered a forecast for the next quarter that also came in above the consensus analysts estimate, but it declined to offer long-term guidance and its stock stayed flat in after-hours trading. Still, Broadcom’s stock fared much better than that ...
HPE beats forecast with solid growth across all major business segments, buys Axis Security
Hewlett Packard Enterprise Co. posted a solid earnings beat and raised its outlook for its fiscal year today, sending its stock higher in extended trading. The company reported fiscal first-quarter net income of $501 million, up from a $304 million net loss a year ago. Earnings before certain costs such as stock compensation came to 63 ...
Dell sees strong demand for servers and storage, but soft guidance sends stock down
Shares of Dell Technologies Inc. fell slightly in extended trading after the company issued a cautious outlook for the coming quarter. That forecast followed a strong earnings beat, with the computer maker capping off its fiscal year with record-breaking revenue. Dell reported fourth-quarter net income of $606 million, up from a loss of $29 million ...
Shares of Pure Storage fall on narrow revenue miss and lower guidance
Flash storage pioneer Pure Storage Inc. missed Wall Street’s revenue target for the first time in years today and followed up with a soft forecast for the coming fiscal year. The market reacted negatively, with Pure’s stock falling more than 10% in extended trading. The company reported fourth-quarter net income of $74.5 million, up from ...
Despite solid growth, Splunk warns of tougher year ahead and its stock falls
Big-data company Splunk Inc.’s shares fell almost 3% in extended trading today after it gave a first-quarter and full-year outlook that came in far below Wall Street’s targets. The company had just delivered strong fourth-quarter results, reporting earnings before certain costs such as stock compensation of $2.04 per share on revenue of $1.25 billion, up ...
Soft revenue guidance sends Box’s stock down after-hours
Shares of the cloud content management firm Box Inc. were trending lower in after-hours trading today despite the company beating expectations on earnings and revenue and forecasting it will achieve $1 billion in annual sales for the first time this fiscal year. The company reported fourth-quarter earnings before certain costs such as stock compensation of ...
Pure Storage aims to flood the data lake with lower-cost flash storage
Pure Storage Inc. is looking to change the dynamics of data lake storage with the launch of its latest product FlashBlade//E, a scalable, all-flash unstructured data repository that more or less matches the cost of traditional hard disk storage. Today’s launch of FlashBlade//E means that data center operators no longer need to settle for hard ...
Duolingo beats expectations with rapid user growth, sending its stock higher
Duolingo Inc., the cloud-based language learning app creator, delivered fourth-quarter financial results today that beat expectations, sending its stock higher in extended trading. The company reported a net loss of $13.9 million, down from a loss of $17.5 million a year ago. It delivered a loss before certain costs such as stock compensation of 35 ...
HP beats earnings targets despite big drop in PC sales
Shares of the personal computer and printer giant HP Inc. rose slightly in extended trading today after it reported earnings that came in just ahead of analysts’ estimates, despite a big drop in revenue. The company reported a net income for its first quarter of fiscal 2023 of $487 million, down from a profit of ...