Mike Wheatley
Latest from Mike Wheatley
Despite revenue beat, Rapid7’s shares fall on weak guidance
Shares of the cybersecurity technology provider Rapid7 Inc. lost ground in after-hours trading today as the company delivered fiscal first-quarter earnings in-line with forecasts but guidance that was lower than expected. The company reported a net loss of $44.9 million, with its loss per share coming to 16 cents. Revenue for the quarter rose 34%, ...
Twilio’s stock moves up, then down, then back up on strong earnings and weak guidance
Shares of Twilio Inc. fluctuated wildly in a frenzied trading session today that came after the company reported strong first-quarter financial results and followed with weak guidance. Twilio’s stock initially gained more than 5% in the regular trading session but then plunged by as much as 18% in extended trading when the company revealed its ...
Server maker Super Micro’s stock soars on strong earnings beat
Data center server maker Super Micro Computer Inc. is flying high today, its stock up more than 10% in after-hours trading after reporting solid fiscal third-quarter results. The company reported earnings before certain costs such as stock compensation of $1.55 per share, generating net income of $77 million for the quarter. Revenue for the quarter came ...
Commvault closes on fiscal 2022 with solid earnings and revenue beat
Data protection software firm Commvault Systems Inc. closed its fiscal 2022 year by posting fiscal fourth-quarter earnings and revenue today that comfortably beat expectations. The company reported earnings before certain costs such as stock compensation of 75 cents per share on revenue of $205.9 million, up 8% from one year ago and resulting in a ...
AMD grows its revenue by 71%, brushing aside concerns of a semiconductor slowdown
Computer chipmaker Advanced Micro Devices Inc. brushed aside any concerns of a slowdown in the semiconductor industry today as it delivered fiscal first-quarter earnings and revenue that beat expectations, sending its stock higher in extended trading. The company reported earnings before certain costs such as stock compensation of $1.13 per share on revenue of $5.89 ...
Dell revamps PowerMax, PowerStore and PowerFlex storage arrays with 500+ software updates
Dell Technologies today revealed it has added more than 500 software enhancements to its portfolio of storage arrays. The innovations will enable improvements in intelligence, automation, data mobility and security across clouds, on-premises and edge storage environments for all customers at no added cost, Dell said. Announced at Dell’s annual user conference Dell Technologies World in Las Vegas, ...
Meta AI shares its large language model with AI research community
Meta Platforms Inc.’s artificial intelligence research team said today it’s making large language models more accessible to the scientific and academic research community with the availability of its Open Pretrained Transformer (OPT-175B) model. So-called large language models are natural language processing systems that contain more than 100 billion parameters. LLMs have proven to be transformational ...
Teleport raises $110M to simplify infrastructure access with identity for every user, app and device
Cloud infrastructure access management startup Teleport said today it has become Silicon Valley’s latest unicorn after closing on a $110 million round of funding that brings its total amount raised to $169 million and its valuation to north of $1.1 billion. Today’s Series C round was led by Bessemer Venture Partners and saw participation from ...
NXP Semiconductors beats expectations as chip demand continues to outstrip supply
Netherlands-based chipmaker NXP Semiconductors NV today reported earnings and revenue that came in ahead of expectations, sending its stock slightly higher in after-hours trading. The company reported net income of $657 million for the quarter, with earnings before certain costs such as stock compensation coming to $3.45 per share. That was better than expected, since ...
Arista Networks’ stock climbs on earnings and revenue beat
Arista Networks Inc. delivered above expectations as it reported fiscal first-quarter earnings today that topped analysts’ estimates despite ongoing supply chain constraints. The company also offered strong guidance, sending its stock higher in extended trading. Arista reported first-quarter earnings before certain costs such as stock compensation of 84 cents per share on revenue of $877 ...