Mike Wheatley
Latest from Mike Wheatley
Western Digital tops earnings targets but soft guidance sends its stock way down
Despite posting strong fiscal first-quarter results, data storage giant Western Digital Corp. saw its shares lose more than 10% of their value in extended trading today after issuing softer earnings guidance. The company reported a profit before certain costs such as stock compensation of $2.49 per share on revenue of $5.1 billion, up 29% from the ...
Cloud sales boost Atlassian earnings and its stock nears an all-time high
Enterprise collaboration and app development software firm Atlassian Corp. Plc. delivered another impressive quarterly report today, beating analysts’ expectations on profit and revenue and sending its stock higher after-hours. The company reported a fiscal first-quarter profit before certain costs such as stock compensation of 46 cents per share on revenue of $614 million, up 34% ...
Apple misses sales targets for the first time in years amid ongoing supply chain constraints
Apple Inc. missed Wall Street’s expectations for the first time in years today as it lost out on more than $6 billion in expected revenue because of supply chain constraints. The iPhone maker missed its revenue targets as iPhone sales came up short, while its profit was only in-line with analysts forecasts. Even worse, Apple ...
High-performance database startup Yugabyte raises $188M in new funding round
Database startup Yugabyte Inc. has loaded up its kitty, closing on a hefty $188 million round of funding today that brings its total amount raised to $291 million and its value to more than $1.3 billion. Sapphire Ventures led the Series C round, which also included the participation of Alkeon Capital, Meritech Capital, strategic investor ...
Lucid’s latest product Lucidscale helps companies visualize sprawling cloud environments
Visual collaboration software company Lucid Software Inc. today announced a new tool today called Lucidscale, a cloud visualization product that enterprises can use to see, understand and optimize their often enormously complex cloud computing environments. In an age when most large organizations operate extremely intricate cloud environments that are in a constant state of flux, the ...
Samsung posts record quarterly revenue and profit on soaring memory chip demand
As expected, Samsung Electronics Co. Ltd. posted record-breaking third-quarter revenue and profit today thanks to rising prices of semiconductors and memory chips used in computers and mobile devices. The company reported revenue of 73.98 trillion won ($63 billion) for the quarter, up 10% from the same period last year. Its net income rose to 12.06 ...
Twilio’s stock plunges on lower earnings forecast despite solid beat
Twilio Inc. saw its stock collapse in after-hours trading today after its earnings forecast for the final quarter of the year came in below expectations. The company actually put in a decent shift in its third quarter, reporting a surprise profit before certain costs such as stock compensation of a penny a share on revenue ...
ServiceNow’s earnings growth isn’t enough to prevent after-hours stock selloff
Cloud automation software company ServiceNow Inc. saw its stock slide in extended trading today despite posting solid third-quarter financial results that topped analysts’ expectations. The company reported a profit before certain costs such as stock compensation of $1.55 per share on revenue of $1.512 billion, up 31% from a year ago. That was better than what Wall ...
Abacus.AI gets $50M in funding and dives into computer vision and hybrid AI models
Machine learning operations startup Abacus.AI Inc. is in the news today after raising $50 million in a new round of funding and launching platform updates that include support for hybrid deep learning models and a new computer vision-as-a-service offering. The Series C funding round was co-led by Tiger Global, Coatue, Index Ventures and Alkeon Ventures ...
Network automation provider Gluware gets $43M in growth funding
Network automation firm Gluware Inc. has filled up its war chest, securing $43 million in growth funding today led by Bain Capital, with participation from Acadia Woods Partners and existing investors. Gluware has created what it calls an “intelligent network automation” platform that helps information technology teams manage network infrastructure through a single console. It serves ...