Mike Wheatley
Latest from Mike Wheatley
Apple Inc. reported fiscal third-quarter financial results today that beat Wall Street’s expectations, sending its stock higher in after-hours trading. The bad news is that the company was barely able to keep growing, with revenue up just 2% from the same period …
Intel’s stock falls on earnings miss and lower guidance, as CEO admits results fell ‘below standards’
Updated: Intel Corp.’s stock fell more than 8% in extended trading today after the company missed Wall Street’s earnings and revenue targets by a wide margin and slashed its outlook for the rest of the year, amid a slowing market and execution …
Rising cloud revenue helps Amazon beat expectations, sending its stock soaring
Updated: Shares of Amazon.com Inc. jumped 13% in extended trading today after the company delivered second-quarter revenue that came in ahead of expectations, despite the company reporting a hefty $2 billion net loss. The cloud computing and online retail giant reported a …
SaaS development platform Frontegg raises $40M in funding
Software-as-a-service user management platform Frontegg Ltd. announced it has received another big chunk of funding today, closing on a $40 million round. The Series B raise was co-led by Stripes and Insight Partners and brings the company’s total amount raised to date …
Fiddler Labs upgrades its AI model monitoring platform to detect new types of bias and drift
Startup Fiddler Labs Inc. said today it’s doing more to help companies ensure their artificial intelligence models are trustworthy and responsible. The company has announced a big upgrade to its Model Performance Management software, with new capabilities that include model ingestion at …
Pegasystems misses Wall Street’s targets as its revenue drops by 16%
It was a bad day at the office for the low-code business process management software provider Pegasystems Inc., which delivered second-quarter earnings and revenue that fell well short of Wall Street’s expectations today. The company reported a loss before certain costs such …
ServiceNow misses Wall Street’s targets, lowers its fiscal forecast and its stock falls
Workflow software company ServiceNow Inc. saw its stock fall more than 7% in extended trading today after reporting second-quarter revenue that fell short of expectations. The company also lowered its fiscal 2023 guidance, though it did insist it’s still on target to …
Qualcomm warns of slowdown in smartphone chip sales and its stock slides
Smartphone chip company Qualcomm Inc. is trading lower today after it issued a forecast for its fiscal fourth quarter that fell short of Wall Street’s expectations. The company blamed its poor guidance on weakening smartphone handset sales. Qualcomm’s stock fell almost 3% …
With $11M in funding, Naoris Protocol will use blockchain to make networks more secure as they grow
Blockchain-based startup NDSE Cyber, which does business as Naoris Protocol, said today it has closed on an $11.5 million funding round to build out an AI-based “cybersecurity mesh” that it promises will protect networks better as they grow. The startup is being …
Juniper reports mixed earnings results as it struggles with ongoing supply chain woes
Shares of the computer networking supplier Juniper Networks Inc. fell in extended trading today after the company posted mixed second-quarter results, with earnings that missed Wall Street’s forecast and revenue that topped expectations. The company reported earnings before certain costs such as …