Mike Wheatley
Latest from Mike Wheatley
NetApp announces new AFF A-Series and C-series all-flash arrays
Data infrastructure company NetApp Inc. said today it’s updating its enterprise storage portfolio with a couple of new midrange all-flash arrays that boost overall performance. It also announced some updates to NetApp StorageGRID, its hybrid cloud-based software-defined object storage service, delivering improved density and performance for customers. The new systems announced today include additions to ...
Disappointing guidance sends Cloudflare and Akamai stocks lower
Investors bailed on the cloud content delivery network and security firms Cloudflare Inc. and Akamai Technologies Inc. today after both companies provided tepid guidance in the wake of their third-quarter results. Cloudflare’s stock was down just over 6% in extended trading after the company offered a sales forecast for the current quarter that came up ...
JFrog’s stock stutters on lukewarm guidance, despite accelerating revenue and customer wins
Software supply chain platform provider JFrog Ltd. beat expectations and raised its full-year guidance, but that wasn’t enough to satisfy Wall Street watchers, and its stock headed lower after-hours. The company reported third-quarter earnings before certain costs such as stock compensation of 15 cents per share, better than the Street’s forecast of 11 cents. Revenue ...
Arista Networks beats expectations and offers strong guidance on AI demand
Shares of Arista Networks Inc. fell more than 6% in late-trading after the company delivered strong third-quarter earnings and revenue and offered guidance that came in above expectations. The company reported earnings before certain costs such as stock compensation of $2.40 per share, while its revenue increased 20% from a year earlier to $1.81 billion. ...
IonQ snaps up quantum networking company Qubitekk, but financial results disappoint investors
Quantum computing specialist IonQ Inc. said today it plans to acquire virtually all of the operating assets of quantum networking startup Qubitekk Inc., as it looks to build out the infrastructure required to scale up its cloud-based services. It was a busy day for IonQ, which also revealed it’s collaborating with the computer-aided design software ...
Kyndryl sees good traction with AI consulting services, and its stock moves higher
Kyndryl Holdings Inc., the information technology infrastructure services company that was formerly part of IBM Corp., delivered a narrow earnings and revenue beat today, nudging its stock higher after-hours. The company reported a fiscal second-quarter loss before certain costs such as stock compensation of 19 cents per share, better than the 24-cent-per-share loss expected by ...
Qualcomm and Arm each cruise to another earnings and revenue beat
The computer chipmakers Qualcomm Inc. and Arm Holdings Plc both reported strong earnings and revenue beats as they delivered their latest financial results today, yet while the former’s stock popped in extended trading, the latter’s flopped. Qualcomm reported fiscal fourth-quarter earnings before certain costs such as stock compensation of $2.69 per share, easily ahead of Wall ...
Mozilla’s open internet advocacy efforts falter as it lays off 30% of its staff
The Mozilla Foundation, the nonprofit group that develops the popular Firefox web browser, is laying off around 30% of its staff, completely shutting down its advocacy programs in the process. In a statement sent to TechCrunch and The Verge, Mozilla’s communications chief Brandon Borrman said the decision was taken “amid a relentless onslaught of change.” ...
Perplexity AI’s value to soar to $9B as it finalizes new $500M funding round
Generative artificial intelligence search startup Perplexity AI Inc. reportedly is finalizing the details of a mammoth new funding round that would increase its valuation to a cool $9 billion. The startup, which has built an AI-powered search engine platform and competes with both Google Search and OpenAI’s ChatGPT, is set to receive $500 million in the ...
Supermicro’s stock falls on revenue miss and uncertainty over annual filing, increasing fears of a delisting
Shares of the server maker Super Micro Computer Inc. plunged more than 14% in extended trading after the company delivered worse-than-expected financial results for its latest quarter and delayed the publication of a key report, exacerbating investors’ fears of a stock delisting. The company, which is better known as Supermicro, posted preliminary fiscal first-quarter results ...