Reported about 1 month ago
Following a strong earnings report and comments from CEO Tomer Weingarten, analysts have adjusted their price targets for SentinelOne stock. The company reported its first quarter of positive net income, with revenues rising 33% year-over-year. Weingarten's remarks during the earnings call highlighted risks in the cybersecurity industry, particularly in relation to a significant IT outage caused by competitor CrowdStrike. As a result, analysts believe that the outage may positively impact SentinelOne's business as more customers consider its services.
Source: YAHOO
Reported about 1 month ago
BlackRock has introduced its new ethereum exchange-traded fund (ETF) on Brazil's B3 exchange, responding to increased investor interest in cryptocurrencies in the region. The ETF, trading under the ticker ETHA39, features management fees that are competitive, starting at 0.12% for the first year. As a leader in the crypto ETF market, BlackRock aims to make digital asset investments more accessible to Brazilian investors amidst rising adoption of cryptocurrencies.
Source: YAHOO
Reported about 1 month ago
In a recent discussion, HP Inc. CEO Enrique Lores highlighted the 'very significant impact' AI will have on the company, enhancing productivity and employee satisfaction. He stated that HP aims to leverage AI to transform workplace dynamics and improve job fulfillment. Additionally, Lores mentioned that HP's upcoming PCs equipped with AI capabilities have received positive early feedback, and the company collaborates with major chipmakers like Qualcomm, AMD, and Intel to ensure robust hardware for the AI integration.
Source: YAHOO
Reported about 1 month ago
The California legislature has passed a contentious AI safety bill, SB 1047, which mandates safety testing and emergency stop mechanisms for advanced AI models. Facing opposition from tech companies that fear it could stifle innovation, the bill requires third-party audits and grants the attorney general authority to sue non-compliant developers. It now awaits Governor Gavin Newsom's decision by September 30, amid mixed reactions from Democrats and tech leaders alike.
Source: YAHOO
Reported about 1 month ago
CrowdStrike Holdings reported a $60 million setback in its sales pipeline due to a software update failure that caused significant operational disruptions, including stranding travelers and interrupting daily business. Despite this setback, CEO George Kurtz expressed confidence that the company will secure contracted sales by January 2025, as customers remain supportive of its cybersecurity solutions. He acknowledged the incident's impact on the company's reputation but reassured stakeholders of a commitment to preventing future outages.
Source: YAHOO
Reported about 1 month ago
UK car production experienced a 14.4% decline in July, marking the fifth consecutive month of decrease, according to industry data. Factors contributing to this decline include manufacturers transitioning to new models and temporary supply chain disruptions. Despite the drop, production of electrified vehicles represented 37.5% of the total output. The sector faces ongoing challenges as it shifts towards zero-emission vehicle production, with foreign investment in EV manufacturing continuing to grow.
Source: YAHOO
Reported about 1 month ago
Salesforce Inc. announced an earnings outlook for the fiscal year that surpasses analysts’ expectations, citing a profit of $10.03 to $10.11 per share, amid concerns over sales growth. The company, focused on cost discipline, has seen operating margins rise to record highs and affirms a revenue outlook between $37.7 billion and $38 billion. Despite AI product launches aimed at boosting sales, skepticism lingers among analysts regarding uptake. CEO Marc Benioff introduced new AI tools branded as ‘agents’ during the earnings call, while CFO Amy Weaver announced her departure after four years.
Source: YAHOO
Reported about 1 month ago
Nvidia's shares fell 4% after its earnings forecast fell short of high expectations, despite still reflecting strong growth. Investor concern was somewhat alleviated by the expectation of ramped-up production of new chips. Other tech stocks, including Broadcom and AMD, also experienced gains, indicating sustained confidence in the AI market. Overall, while Nvidia didn't meet the most elevated expectations, analysts suggest it's a buying opportunity, and the long-term outlook for AI remains positive.
Source: YAHOO
Reported about 1 month ago
Salesforce recently withdrew from a major acquisition of Informatica valued at over $11.4 billion due to unsettled terms. Analyst Charlie Miner emphasizes the need for Salesforce to reignite its mergers and acquisitions strategy, noting that while the company's focus has shifted to AI and improving its data cloud capabilities, there remains significant growth potential in this area.
Source: YAHOO
Reported about 1 month ago
Big Lots Inc., a discount home goods retailer, is reportedly considering bankruptcy filing following several years of declining sales. The company is also actively trying to secure investments to avoid Chapter 11 proceedings. Recently, Big Lots' shares fell by 30% in after-hours trading, and they have been working with AlixPartners LLP to navigate its financial troubles. Earlier this year, the company received a loan to alleviate liquidity issues and authorized significant retention bonuses for executives, hinting at possible corporate restructuring.
Source: YAHOO
Reported about 1 month ago
According to Bloomberg, discount retailer Big Lots is contemplating a bankruptcy filing amid declining sales and increasing financial pressures. The company is exploring potential investors to avert Chapter 11 bankruptcy. Big Lots' shares plummeted 27% in post-market trading, and the company has faced a significant drop in value, losing almost 88% this year. The retailer aims to improve its liquidity, disrupted by reduced demand for discretionary items due to rising interest rates.
Source: YAHOO
Reported about 1 month ago
Nvidia's latest quarterly results fell short of investor expectations, resulting in an 8.4% drop in stock price during late trading. Although the company surpassed many estimates, concerns over the production challenges of its new Blackwell processors dampened investor sentiment. Nvidia's revenue forecast for the third quarter of approximately $32.5 billion failed to impress, overshadowed by high market expectations. The challenges with Blackwell's manufacturing could pose risks to Nvidia's position in the booming AI market, though the CEO remains optimistic about future growth and market demand.
Source: YAHOO
Reported about 1 month ago
Republican Senator Rick Scott has raised concerns with Intel CEO Pat Gelsinger regarding the company's plan to cut over 15,000 jobs, despite receiving nearly $20 billion in U.S. funding aimed at enhancing chip production. He requested clarity on how Intel will ensure that taxpayer dollars are protected and whether these layoffs will affect the company's semiconductor manufacturing efforts.
Source: YAHOO
Reported about 1 month ago
In after-hours trading, Affirm's shares soared following a strong revenue report, while Five Below also saw gains after exceeding sales expectations. Okta's stock dipped due to mixed guidance amid a tough economic climate, whereas Victoria's Secret shares rose after surpassing estimates for net sales and earnings. Meanwhile, Nvidia's stock declined following its second quarter results.
Source: YAHOO
Reported about 1 month ago
Nvidia's recent earnings report exceeded expectations, posting adjusted earnings of $0.68 per share and revenues of $30 billion. However, concerns arise as earnings growth did not match revenue growth, prompting questions about pricing, rising input costs, and the company's investments. Additionally, CFO Colette Kress announced a ramp-up in production of the Blackwell chip, expected to generate significant revenue in the upcoming quarters. Despite strong demand from major tech firms, analysts caution about Nvidia's ability to translate revenue growth into profitability.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Nvidia has posted impressive second-quarter results, with revenue soaring 122% year-over-year, driven primarily by its data center segment, which saw a 154% increase. The company beat analyst expectations on both sales and earnings, forecasting continued strong growth for the upcoming quarter, guided by its next-generation Blackwell chips. As the leader in AI GPU provisioning, Nvidia maintains a commanding market share and anticipates substantial revenue in the third fiscal quarter.
Source: YAHOO
Reported about 1 month ago
HP's CEO Enrique Lores shared insights on the company's third-quarter results and the ongoing challenges in the printing sector during an interview with Yahoo Finance. Despite experiencing revenue growth for the first time in nine quarters, Lores acknowledged that print sales remain under pressure, particularly in commercial sectors. He emphasized HP's commitment to cost-cutting measures and long-term business outlook, while noting a slight recovery in the home printing market.
Source: YAHOO
Reported about 1 month ago
Warren Buffett's Berkshire Hathaway has cut its Apple stake by over 50% to maintain a safety margin, expressing concerns about Apple's high earnings multiple amid stagnant sales and operating income. Berkshire's cash flow from this reduction is intended for exploring better investment opportunities, including recent acquisitions like Chubb and prospects in Japan.
Source: YAHOO
Reported about 1 month ago
Salesforce (CRM) reported better-than-expected Q2 earnings with $9.33 billion in revenue and adjusted earnings per share of $2.56, reflecting an 8% year-over-year sales increase. Analyst Charlie Miner emphasizes the company's focus on profitability amidst slowing growth and highlights Salesforce's strong position to capitalize on AI opportunities within the application software market.
Source: YAHOO
Reported about 1 month ago
CrowdStrike Holdings reported second quarter earnings that surpassed expectations, marking its first quarterly report since a significant software update caused disruptions for numerous customers worldwide. Analyst Matt Hedberg from RBC Capital Markets noted the report was 'better than feared,' although he expressed concern over potential customer churn post-outage and anticipates the company may need to offer discounts to maintain customer satisfaction. Despite these challenges, he is optimistic that CrowdStrike will emerge stronger with improved systems.
Source: YAHOO
Reported about 1 month ago
The restaurant sector has experienced a downturn as consumers shift toward better value choices amidst rising prices in quick service restaurants. Analysts suggest focusing on high-end concepts like Sweetgreen and Cava, which have performed well, while traditional fast food brands face challenges. Notably, Papa John's, under new leadership, is seen as a promising investment due to its new strategies aimed at fostering franchise growth and enhancing consumer offerings.
Source: YAHOO
Reported about 1 month ago
Morgan Stanley's Dan Skelly discusses the recent market volatility and its relation to the upcoming election, suggesting it may be closer than anticipated. While the market is currently recovering from recent dips, he expects continued fluctuations driven by economic fundamentals and election narratives.
Source: YAHOO
Reported about 1 month ago
Wedbush has revised its price target for Lululemon, bringing it down from $400 to $324, anticipating potentially lower guidance in the near future. Despite this adjustment, the firm continues to maintain an Outperform rating on the stock.
Source: YAHOO
Reported about 1 month ago
Vice President Kamala Harris's proposal to tax unrealized capital gains, inherited from President Joe Biden, faces scrutiny as it targets predominantly wealthy Americans. While the policy aims to have minimal impact on the majority, its acceptance in Congress remains uncertain.
Source: YAHOO