Mike Wheatley
Latest from Mike Wheatley
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 …
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 …
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 …
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 …
Weak forecast gives Juniper investors the jitters and its stock falls
Juniper Networks Inc. offered a weak forecast for the third quarter that came in below market estimates, sending its stock down more than 7% in extended trading today. The company said lower spending by cloud computing clients in a weak economy is …
Intel delivers surprise profit despite facing ‘persistent weakness,’ sending its stock higher
Intel Corp. bounced back from its biggest-ever loss three months ago, beating analyst expectations and returning to profitability as it delivered its second-quarter earnings results. The results sent its stock up more than 7% in extended trading. The company today posted a …
CompScience, which uses visual AI to eliminate workplace safety hazards, raises $10M
Artificial intelligence-powered insurance technology startup CompScience Insurance Services, officially known as Kinetic Inc., said today it has closed on a $10 million investment from Valor Equity Partners, an early backer of Elon Musk’s Tesla Inc. and SpaceX Corp., joined by Four More …
Samsung’s operating profit dropped by 95%, but officials are optimistic of a recovery later this year
Samsung Electronics Co. Ltd. confirmed in an earnings report that its operating profit plummeted by 95%, hitting a 14-year low in the second quarter. The company, which is the world’s biggest maker of smartphones and dynamic random-access memory chips found in personal …
Despite beating earnings expectations and raising its full-year outlook, ServiceNow’s stock falls
ServiceNow Inc. raised its full-year outlook for the second time this year after posting strong financial results that came in ahead of expectations today, yet its stock fell more than 3% in extended trading. The results were delivered as the work automation …
Meta’s stock rallies on strong earnings beat and bullish guidance
Meta Platforms Inc. chalked up its most profitable quarter since 2021, beat analysts forecasts on earnings and revenue, and offered strong guidance for the current period, sending its stock up 7% in after-hours trading. The Facebook parent company reported second-quarter earnings before …