Mike Wheatley
Latest from Mike Wheatley
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 …
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …