Mike Wheatley
Latest from Mike Wheatley
UiPath’s stock falls hard after it cuts full-year outlook
Shares of the business automation software firm UiPath Inc. fell hard today after the company lowered its forecast for the fiscal year, blaming macroeconomic uncertainty and foreign currency headwinds. The company had just reported fairly solid second-quarter results, with a loss before certain costs such as stock compensation of just two cents per share, coming ...
PagerDuty beats Wall Street’s targets and its stock rises
The application observability firm PagerDuty Inc. gave shareholders plenty of reasons to be happy today after posting second-quarter financial results that beat expectations and following up with a strong forecast for the next three months. The company reported a loss before certain costs such as stock compensation of four cents per share, better than its ...
HashiCorp’s stock rebounds on strong earnings, revenue and guidance
Shares of fast-growing HashiCorp Inc. moved higher today after the company reported solid earnings and followed with encouraging guidance that came in above expectations. The company reported a second-quarter loss before certain costs such as stock compensation of 17 cents per share, well ahead of the analysts’ consensus estimate of a 31-cent loss. Revenue for ...
Broadcom bucks the trend, providing strong guidance that sends its stock price up
Shares of the semiconductor giant Broadcom Inc. ticked up in extended trading today after the company delivered strong earnings and revenue and offered a better-than-expected outlook for the October quarter. The company reported earnings before certain costs such as stock compensation of $9.73 per share on revenue of $8.46 billion, up 25% from a year ...
Flexible employee learning platform provider Learnsoft raises $16.7M
Employee learning software provider Learnsoft Technology Group said today it has closed on a $16.7 million Series A round of funding led by Elsewhere Partners and hired a new chief executive to lead it through its next phase of operational and product growth. Learnsoft is the creator of a software-as-a-service platform that enables companies in ...
C3.ai’s stock tumbles on lower forecast and plan to revamp its business model
Shares of the artificial intelligence software provider C3.ai Inc. crashed in after-hours trading today after the company cut its full-year revenue outlook and announced a major overhaul of its business model in the midst of what it termed an “economic downturn.” The company, which refers to itself as C3 AI, delivered some mixed first-quarter numbers. ...
MongoDB’s stock falls hard on lower profit forecast
Database software firm MongoDB Inc. might feel a bit hard done by today after posting financial results that easily beat Wall Street’s expectations, only to see its stock fall hard and fast after warning of a slightly bigger-than-expected loss in the coming quarter. The company reported a second-quarter loss before certain costs such as stock ...
Data center providers Nutanix and Pure Storage surprise Wall Street with solid earnings
Data center infrastructure firms Nutanix Inc. and Pure Storage Inc. showed their resilience today, with both companies delivering financial results that surpassed Wall Street’s expectations. They also offered strong guidance for the next three months, sending their stocks up higher in extended trading. The results were all the more impressive as they came during a ...
Microsoft Azure’s first Arm-based virtual machines now generally available
Microsoft Corp. today announced that Arm-based virtual machines are now ready for prime time on the Azure cloud platform, following a preview that launched in April. The company explained that the Arm VMs, which are essentially software-based computers, will become generally available on Sept. 1 across 10 of its global Azure regions. They include five ...
Lower sales and weak guidance send HP’s stock down after-hours
Shares of the personal computer maker HP Inc. tumbled in after-hours trading today as the company reported lower-than-expected sales and offered weak guidance for the next three months. The company reported fiscal third-quarter earnings before certain costs such as stock compensation of $1.04 per share, in the middle of the $1.03 to $1.08 range it had ...