cloud

Trello's parent company Atlassian Corporation PLC (NASDAQ: TEAM) reported Thursday afternoon with fiscal-second quarter results that came in better than expected, as the company has continued to add new customers during the COVID-19 pandemic. Here's how some of the Street's...

Microsoft Corporation (NASDAQ: MSFT) reported second-quarter earnings after the stock hit a new all-time high on Tuesday. What Happened: Revenue increased 17% year-over-year to $43.1 billion for Microsoft, beating street consensus estimates of $40.2 billion. Net income increased 33% year-over-year...

Plenty of opportunity exists in the $1-trillion global cloud software market, but investors should be careful about how they approach the space, according to Goldman Sachs.  The Cloud Analyst: Kash Rangan initiated coverage of 12 cloud software stocks with the following ratings:...

In 2020, the technology sector was hot, but many cloud computing equities were simply scintillating, a theme that's still in its early innings. What Happened: For investors that like the idea of cloud exposure, but don't like the idea of stock picking in this segment, there are three...

Chinese online retailer JD.Com Inc (NASDAQ: JD), which recently spun off its health unit through a $3.5-billion IPO in Hong Kong, confirmed Wednesday that it plans to splinter its technology unit. What Happened: Nasdaq-listed JD.com's board has authorized the company to explore the...

Cloud-based software stocks have done well amid the work-from-home and study-from-home environment necessitated by the COVID-19 pandemic in 2020. Despite the pricier valuation of the category, an analyst at Needham picked one of the stocks as a recovery play in 2021. The Anaplan Analyst: Needham...

Rosenblatt Securities initiated coverage of software stocks Splunk Inc (NASDAQ: SPLK) and Dynatrace Inc (NYSE: DT) with bullish ratings Thursday. The Analyst: Blair Abernethy initiated coverage of Splunk with a Buy rating and $196 price target. The analyst also initiated coverage of Dynatrace...

Cloud services is one segment that has gotten a big boost in 2020 due to the pandemic, with many cloud stocks up big year-to-date. On Wednesday, BofA Securities reinstated coverage of five cloud stocks and named its top picks in the group. The Cloud Analyst: Brad Sills reinstated coverage...

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 250 Benzinga investors on whether they think shares of Fastly Inc (NYSE: FSLY) or...

Salesforce.com, inc.'s (NYSE: CRM) $27.7-billion acquisition of Slack Technologies Inc (NYSE: WORK) has received some pushback from analysts, but CNBC's Jim Cramer says the deal is "brilliant" and will double Salesforce's stock. What Happened: Salesforce has shown impressive...

3M Company (NYSE: MMM) joins the growing list of large-cap companies laying off thousands of workers — but investors should view this favorably, according to CNBC's Jim Cramer. Tough Action: Companies are making tough decisions to fire workers by the thousands, and it comes at a time...

One of the hottest investment trends of 2020 has been the rise of specialty purpose acquisition companies, commonly known as SPACs. Companies like DraftKings (NASDAQ: DKNG), Virgin Galactic Holdings (NYSE: SPCE), Repay Holdings Corp. (NASDAQ: RPAY) and Immunovant Inc. (NASDAQ: IMVT) has seen...

Microsoft Corporation (NASDAQ: MSFT) reported strong growth in its fiscal first quarter, led by its Azure and Xbox product offerings.  What To Know: The company reported year-over-year sales growth of 12% to $37.2 billion for the first quarter. Earnings came in at $1.82 per share. Both...

Wall Street analysts released their recommendations Monday for Asana Inc (NYSE: ASAN), the cloud-based platform for team collaboration and work management that went public in late September. The Asana Analysts KeyBanc Capital Markets analyst Alex Kurtz initiated coverage of Asana with a Sector...