Mike Wheatley
Latest from Mike Wheatley
Contract chip manufacturer GlobalFoundries Inc. is riding high today, its stock up more than 4% in extended trading after reporting first-quarter earnings and profit that topped analysts’ forecasts as it reaps the benefit of ongoing industry shortages. The company reported earnings before …
Rackspace is looking to sell itself and exit the public markets, again
Rackspace Technology Inc. looks to be doing another U-turn. Less than two years after the company returned to the public market, it signaled today that it’s looking for a buyer for all or a part of its business. Rackspace helps enterprises design, …
Docker boosts features of Docker Desktop with third-party extensions
Docker Inc., a provider of software development tools, announced new features and partnerships at its DockerCon 2022 event today that it said will create more seamless workflows and boost developer productivity. The biggest announcement of the day is the launch of Docker …
IBM lays out plans for 4,000-qubit chips in updated quantum computing roadmap
IBM Corp. today announced a new roadmap that it says will usher in a new era of large-scale and practical quantum computing. The plan involves creating new modular architectures and networking systems to support more powerful quantum processors with higher qubit counts. …
DevOps company JFrog adds new customers and its revenue grows 41%
Shares of the DevOps company JFrog Ltd. ticked upward in after-hours trading today after it posted mixed results for its fiscal first quarter. The company reported break-even earnings before certain costs such as stock compensation, with revenue coming to $63.7 million, up …
RingCentral posts solid earnings beat, names new CFO and its stock rises
RingCentral Inc.’s stock rose in after-hours trading today after the company posted a solid earnings beat and issued strong guidance for the upcoming quarter. The cloud communications provider reported first-quarter earnings before certain costs such as stock compensation of 39 cents per share …
Dropbox posts strong financial results and its stock holds steady
File-sharing company Dropbox Inc. delivered solid fiscal first-quarter financial results today, with earnings that met expectations and revenue that beat them. The company reported net income of $79.9 million for the quarter with earnings before certain costs such as stock compensation coming …
Confluent beats expectations but its stock crashes amid day of turmoil for tech stocks
Big-data company Confluent Inc. posted fiscal first-quarter earnings and revenue today that topped expectations and offered strong guidance, but even that wasn’t enough to prevent its stock crashing on what was an awful day for the market all round. The company reported …
Google Cloud’s newest data platforms bring better insights to factory operators
Google Cloud today launched two industry-specific platforms that will enable manufacturers to benefit from what the company says are superior analytics-based insights, predictive maintenance and machine-level anomaly detection. The idea with Google Cloud’s Manufacturing Data Engine and Manufacturing Connect platforms is to help …
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 …