Mike Wheatley
Latest from Mike Wheatley
Anyscale raises $100M and launches distributed, multicloud application development platform
Anyscale Inc., a distributed computing startup that’s aiming to simplify multicloud application development, said today it has closed on a $100 million funding round that brings its total amount raised to $160.6 million. The Series C round was led by Lee Fixel’s Addition and existing investor Andreessen Horowitz, and saw participation from NEA, Intel Capital ...
Observability firm PagerDuty’s stock rises on strong earnings beat and bullish guidance
Information technology operations management firm PagerDuty Inc. made strong gains in extended trading today, its stock rising more than 11% after posting third-quarter results and a revenue outlook for the current quarter that beat expectations. The company reported a loss before certain costs such as stock compensation of $24.8 million, or 7 cents per share. ...
Couchbase beats Wall Street targets with strong cloud and customer momentum
Enterprise database software firm Couchbase Inc. saw its stock fall in extended trading today after posting its third-quarter financial results, wiping out some of its strong gains in the regular session. The company reported a net loss of $15.9 million, or 29 cents per share, on total revenue of $30.8 million, up 20% from where ...
Liqid raises $100M as demand for composable data center infrastructure grows
Composable data center infrastructure startup Liqid Inc. closed on a $100 million funding round today aimed at helping it fulfill its mission of bringing cloud-like speed, flexibility and efficiency to on-premises data centers. Lightrock and affiliates of DH Capital co-led the Series C round, which also saw participation from current investors Panorama Point Partners and ...
GitLab posts strong results in its first-ever earnings call, but its stock slides anyway
Shares in DevOps platform provider GitLab Inc. pulled back in extended trading today following its first-ever results as a publicly traded company. GitLab didn’t do too badly, reporting a third-quarter loss before certain costs such as stock compensation of $32.5 million, or 34 cents per share. Its revenue came to $66.8 million, up 58% from ...
Payments software provider Coupa delivers strong earnings but its stock slides
Payments software firm Coupa Software Inc. took a beating in extended trading today even though it delivered a strong third-quarter financial report. The company reported a net loss of $91.2 million, though its earnings before certain costs such as stock compensation came to 31 cents per share. Revenue for the period grew by 40%, reaching ...
Sumo Logic delivers strong earning results, beating market estimates
Cloud data analytics firm Sumo Logic Inc. beat market expectations for its third-quarter financial results, boosted by growing adoption of its Continuous Intelligence tools. The company reported a loss before certain costs such as stock compensation of $13.3 million, or 12 cents per share. Revenue for the period rose 20% from a year ago, to ...
Despite earnings beat, weak guidance sends DocuSign stock into freefall
Investors dumped on DocuSign Inc. today after it offered guidance for the final quarter of the year that fell short of expectations. A sharp selloff in extended trading saw its stock lose almost 30% of its value. Update: On Friday, shares were falling more than 39%. The company actually did well in the quarter just gone. ...
Marvell’s stock jumps on rapid data center chip sales growth
Computer chipmaker Marvell Technology Inc. delivered strong third-quarter earnings results today as it continues to benefit from the seemingly never-ending global shortage of semiconductors. Not only did it easily beat expectations, but it also offered strong guidance for the fourth quarter that sent its stock surging in extended trading. The company reported a profit before ...
FTC files lawsuit to block Nvidia’s $40B purchase of Arm
Nvidia Corp.’s proposed acquisition of the British computer chip designer Arm Ltd. ran into a massive hurdle today, as the U.S. Federal Trade Commission filed a lawsuit aimed at preventing the deal from closing. The FTC is suing Nvidia to block its planned $40 billion purchase of Arm from SoftBank Group Corp. on antitrust grounds. ...