Mike Wheatley
Latest from Mike Wheatley
NetApp introduces BlueXP, a unified data control plane to ease multicloud storage headaches
Data storage pioneer NetApp Inc. today announced the general availability of NetApp BlueXP, a unified data control plane that it says can simplify the experience for teams managing storage and data services spanning on-premises and cloud environments. Announced at NetApp Insight, NetApp BlueXP gives teams an easier way to manage their entire data estate, including ...
Resilient demand helps chipmaker NXP Semiconductors post earnings beat
Dutch computer chip manufacturer NXP Semiconductors NV sprang a surprise today as it posted strong third-quarter financial results that surpassed Wall Street’s expectations. The company reported earnings before certain costs such as stock compensation of $3.81 per share, well ahead of Wall Street’s consensus estimate of $3.66 per share. Revenue for the quarter rose 20% ...
Arista Networks sets the pace for networking peers with strong earnings and revenue beat
Cloud networking giant Arista Networks Inc. delivered quarterly financial results today that topped Wall Street’s guidance and followed with a strong outlook, but its stock traded down slightly in late trading. The company reported a net income for its third quarter of $354 million, with earnings before certain costs such as stock compensation coming to ...
Apple beats Wall Street’s earnings and revenue targets but iPhone sales fall short
Apple Inc. beat Wall Street’s expectations on earnings and revenue as it reported its fourth-quarter financial results today, though it came up short in core product categories, including its iPhone business. The company reported earnings before certain costs such as stock compensation of $1.29 per share, just beating Wall Street’s forecast of $1.27 per share. ...
Intel’s stock rises on plan to save up to $10 billion in cost reductions by 2025
Shares of the computer chipmaker Intel Corp. rose by more than 5% in after-hours trading today after the company promised it will deliver up to $10 billion in cost reductions and efficiency improvements. That announcement came as the company provided lower-than-expected earnings guidance for its full fiscal year, after beating estimates on earnings and revenue ...
Amazon’s stock falls 11% on slower cloud growth and lower holiday forecast
Amazon.com Inc. said today that holiday sales and profit will likely come in lower than analysts are expecting because of to decelerating cloud growth, a prime driver of Amazon profits in recent years. The warning came as Amazon’s cloud computing business missed expectations by almost $1 billion in the quarter just gone, sending its stock ...
Dataware pioneer Cinchy raises $14M funding to eliminate need for data integrations
Big-data startup Cinchy Inc., which is pioneering the concept of “dataware,” said today it has closed on a $14.5 million Series B round of funding from a single investor, Forgepoint Capital. Cinchy is the creator of a unique “dataware” tool that provides companies with instant visibility into their organizational data. It enables multiple systems and ...
Samsung’s profit drops by more than 30% on weakening memory chip demand
Samsung Electronics Co. Ltd. said today that its third-quarter profit fell by more than 31% from a year ago amid geopolitical uncertainty that’s likely to persist and dampen demand for consumer products until at least early next year. The company, which is the world’s biggest manufacturer of memory chips and smartphones, reported an operating profit ...
Despite mixed results, ServiceNow’s stock makes strong after-hours gains
ServiceNow Inc.’s stock made big gains in after-hours trading today despite the company posting mixed financial results for its third quarter. The workflow automation firm beat expectations on earnings but missed on revenue and offered lower guidance. Yet its stock jumped more than 12% in the hours after the report. ServiceNow reported earnings before certain ...
Meta’s stock crashes on weaker ad demand and earnings miss
Facebook parent firm Meta Platforms Inc. took another beating today after posting third-quarter results that missed expectations and offering weak guidance. The results underscore the big challenges faced by ad-reliant technology platforms amid a weakening economic climate that’s pushing brands and marketers to spend less. Snap Inc. and Google LLC parent Alphabet Inc. have reported ...