IBM Corp. investors are hoping that incoming Chief Executive Arvind Krishna will bring the same relentless focus on the cloud that Satya Nadella brought to help turn around Microsoft Corp. Earlier Thursday, news that Ginni Rometty will be stepping down as CEO on April 6 and be replaced by Krishna,Read More →
Josh Richards started uploading videos to the popular app TikTok — then called “Musical.ly” — more than three years ago. “My sister was on the app and she made a video with me. It did really well on her account, so I decided to make an account for myself,” RichardsRead More →
The market says Google parent company Alphabet Inc. is worth $1 trillion, but investors who have tried know that putting a sustainable valuation on this company is mighty difficult. Alphabet is a confusing company — even figuring out that $1 trillion market cap, which the company surpassed for the firstRead More →
Cloud-computing and cybersecurity stocks outperformed broader indexes Monday as shares of Salesforce.com Inc. closed at an all-time high and on heightened concerns of an Iranian cyberattack against the U.S. Salesforce CRM, +4.38% shares closed 4.4% higher Monday at a record $173.45, after touching an intraday record of $173.67, afterRead More →
Advanced Micro Devices Inc. had the best-performing stock on the S&P 500 in 2018and 2019, but it took a strong start to 2020 to finally break the chip maker’s record high from the dot-com bubble days. AMD AMD, -1.02% shares jumped 7.1% on the first day of trading in theRead More →
Much of the coverage of Amazon.com Inc.’s appeal of the $10 billion-a-year JEDI contract focused on President Donald Trump’s antagonistic tweets and statements about Chief Executive Jeff Bezos, but as is typical in this administration, the actions taking place in secret amid the tweets are much more important. As impeachmentRead More →
LAS VEGAS — Amazon.com Inc. has preached the power of the cloud in managing mountains of data. On Wednesday, it announced a whopper of a deal that puts its philosophy to the test: Amazon Web Services is teaming with FINRA CAT LLC, a subsidiary of the Financial Industry Regulatory Authority,Read More →
Bernstein analyst Zane Chrane is shaking his head at Zoom Video Communications Inc.’s 9% stock slide Friday, after the company topped expectations with its latest results and outlook. He titled his note to clients, “Sometimes perfection still isn’t enough,” while arguing that consensus estimates “very likely reflect some mismodeling byRead More →
LAS VEGAS — Andy Jassy and his executive team have heard the murmurs before. Whispers from analysts and not-so-subtle digs from competitors about the future dominance of Amazon Web Services, the $25-billion behemoth that he leads at Amazon.com Inc. AMZN, -0.52% “There are a lot of companies out there thatRead More →
Alphabet Inc., the parent company of Google, reported a third-quarter earnings miss that sent its stock down 2% in after-hours trading on Monday. The Mountain View, Calif.-based company GOOGL, +1.95% GOOG, +1.97% reported net income of $7.07 billion, or $10.12 a share, compared with $13.06 a share in the year-agoRead More →
With its stunning win of a lucrative $10 billion Pentagon technology contract Friday, Microsoft Corp. not only beat Amazon.com Inc. but also uprooted its larger rival as the federal government’s go-to cloud-computing vendor. Microsoft’s MSFT, +0.56% cloud-computing powerhouse Azure, which scored another multibillion-dollar government contract in August, was awarded theRead More →
Sky-high valuations for software stocks necessitate a more defensive view of the industry, according to Jefferies analyst Brent Thill, and Microsoft Corp. shares look like the “safest” bet. He assumed coverage of the software industry late on Monday, upgrading Microsoft’s stock to buy from hold while moving to the sidelinesRead More →
Dropbox Inc. added two women to its board of directors on Tuesday, the latest push by CEO Drew Houston to diversify leadership at the file-storage company. Lisa Campbell, chief marketing officer at Autodesk Inc. ADSK, +1.63%, and Karen Peacock, chief operating officer at software firm Intercom, joined the 10-person board,Read More →
Cloudflare Inc. is looking to be the next big tech company to go public, and investors who climbed on board a decade ago stand to reap huge rewards. Cloudflare NET, +0.00% announced it plans to go public with a Securities and Exchange Commission filing on Aug. 15 that states anRead More →
In recent years after a typical Golden State Warriors win in Oakland, Andre Iguodala would exchange greetings with the opposing team, as is professional sports custom. Then, he did something few players do: He sought out some of the technorati sitting court-side as fans of Silicon Valley’s NBA team. Iguodala,Read More →
Two hefty acquisitions by Alphabet Inc. and Salesforce.com Inc. in the exploding arena of Big Data appear to be expensive moves to shore up their competitive stances against an older but wiser software behemoth, Microsoft Corp. On Monday, Salesforce CRM, -5.26% said it would buy Tableau Software Inc. DATA, +33.70%Read More →
Salesforce.com Inc.’s outlook will be closely watched when it reports results from a seasonally weak quarter on Tuesday, with a large service outage expected to trim some of the results from the current period. is expected to show it powered through one of its seasonally weaker quarters with solid resultsRead More →
PagerDuty Inc. shares finished higher Monday as analysts started coverage of the DevOps company’s stock less than a month after it started trading, with the split among buys and holds appearing to be an opinion of how much growth the stock’s doubling in a month is already priced in. PagerDutyRead More →
Shares of once high-flying Arista Networks Inc. tumbled Thursday afternoon, after the software-based networking company cited a big pause in spending by a “cloud titan,” which analysts said was Microsoft Corp. Arista ANET, +0.13% , which has seen its stock surge 47.5% this year, tumbled more than 15% in after-hoursRead More →
Alphabet Inc.’s revenue growth is slowing down, but the lack of details about its business still doesn’t seem to be changing. The Google parent company GOOG, -7.70% GOOGL, -7.50% reported first-quarter results Monday that showed revenue of $29.5 billion after traffic-acquisition costs, lower than analysts had expected. Overall sales growthRead More →
Pinterest Inc. should have been the story on Thursday. It had the name that consumers knew, the eight-figure private valuation and a co-founder who has been a Silicon Valley superstar since the service first hit the internet. In the end, though, Pinterest’s PINS, +28.42% initial public offering was overshadowed byRead More →
PagerDuty Inc. late Tuesday hiked the pricing range of its coming initial public offering, signaling heightened demand for its shares as it joins the stampede of IPOs from tech startups expected this year. In a Securities and Exchange Commission filing, PagerDuty PD, +0.00% raised the expected pricing for its IPORead More →
In his most public appearance since taking over leadership of Alphabet Inc.’s Google Cloud division, Thomas Kurian on Tuesday announced a product that allows businesses to seamlessly move across multiple public clouds — including competitive cloud services — as well as their own databases. At a keynote at Google’s NextRead More →
Editor’s note: A prior version of this article gave an incorrect ARPU figure. The article been corrected. Getty Images Dropbox reported fourth quarter earnings Thursday after the closing bell. Dropbox Inc. reported sales and revenue guidance that topped Wall Street expectations late Thursday, but issued guidance that disappointed investors. DropboxRead More →
IBM Corp., like Oracle Corp., is giving investors confusing information about its cloud-computing revenue, trying to show its business in the biggest, best possible light. The most baffling part of IBM’s IBM, +8.46% approach is tying its cloud business — an attempt to find revenue in new technologies — toRead More →
