Mike Wheatley
Latest from Mike Wheatley
Investors sell off Datadog despite strong earnings results
Shares in the data monitoring and analytics firm Datadog Inc. crumbled before recovering some ground in after-hours trading today after it said some of its customers are facing “business pressures” from the coronavirus pandemic. That statement came as Datadog delivered strong second-quarter results that beat Wall Street’s forecasts. It reportea profit before certain costs such as ...
Dropbox beats earnings targets as its CFO makes for the exit
Cloud storage services provider Dropbox Inc. delivered another strong quarterly performance thanks to rising demand for its software amid the coronavirus-related shift to working from home. The company also announced that its longtime Chief Financial Officer Ajay Vashee will leave next month. News of his departure sent its stock tumbling in extended trading. Dropbox reported a ...
Fortinet reports strong earnings and debuts a new firewall product
Cybersecurity company Fortinet Inc. delivered second-quarter results today that came in above expectations, but the strong performance wasn’t enough to prevent its stock falling in after-hours trading. The company, which sells tools that simplify operations for organizations with a large number of breach prevention systems, reported a profit before certain costs such as stock compensation of 68 cents ...
Moderna partners with AWS as it races to develop COVID-19 vaccine
Biotech firm Moderna Inc. said today it has selected Amazon Web Services Inc. as its “preferred” cloud computing provider. Under the partnership, Moderna said, it will use Amazon’s cloud platform as its standard for data analytics and machine learning workloads. Moderna is one of many pharmaceutical giants that are racing to develop a vaccine for COVID-19. ...
IPO flop: Rackspace stock loses 20% on first day of trading
Cloud services company Rackspace Technology Inc. re-entered the public markets today and saw its stock fall 20% on its first day of trading. Still, it raised $704 million following an initial public offering that was priced at the bottom of its marketed range. The company, which sells cloud management services to enterprises, went private in 2016 ...
Taking on Google’s Istio, Microsoft debuts Open Service Mesh
Microsoft Corp. said today it has created a new open-source service mesh based on the Envoy proxy server, and that it’s planning to hand over control of the project to the Cloud Native Computing Foundation in a few weeks’ time. The Open Service Mesh is designed to help companies deal with the complexity of managing ...
Google adds new features for G Suite mobile users
Google LLC is making its G Suite productivity tools easier to use on smartphones, adding various new features and functionality to the mobile versions of its apps. In a blog post today, Rany Ng, director of product management at G Suite, said the growing trend of remote working means that more and more people have ...
Harness buys Drone.io to expand into software integration
Harness Inc. said today it has acquired the self-service continuous integration firm Drone.io Inc. for an undisclosed price. Harness sells a “continuous delivery-as-a-service” platform that uses machine learning algorithms to monitor new software updates for any problems. Continuous software delivery is an emerging model that’s popular with companies that want to roll out regular updates ...
New Relic stock plunges as it warns of ‘near term’ revenue hit from product shift
Application monitoring company New Relic Inc. saw 18% of its value wiped out in after-hours trading today after including an earnings warning in its latest financial report. The company reported fiscal first-quarter earnings before certain costs such as stock compensation of 15 cents per share on revenue of $163 million. That was better than expected, with ...
Arista Networks beats earnings targets but its stock falls anyway
Cloud networking company Arista Networks Inc. saw its stock dip in after-hours trading today despite beating its targets on profit and revenue. The company reported a second-quarter profit before certain costs such as stock compensation of $2.11 per share on revenue of $540.6 million, down 11% from a year ago but up 3% from the first ...