cloud

Microsoft Corporation (NASDAQ: MSFT) is among the tech stalwarts that have made gains during the pandemic, and a Wedbush analyst says the company's outperformance is likely to continue.  The Microsoft Analyst: Daniel Ives has an Outperform rating on Microsoft shares with a $260 price...

Shares of cloud platform provider Fastly are down significantly after-hours due to lower revenue expected from its top client TikTok. What Happened: Fastly (NYSE: FSLY) announced preliminary revenue results for its third quarter. The company had to file a resale registration statement due to its...

Snowflake Inc (NYSE: SNOW) is one of many stocks set to IPO this week. The Snowflake IPO: After an initial price range of $75 to $85, Snowflake is now seeking to sell 28 million shares at a price point of $100 to $110. The company will have 277,290,066 shares out after the offering. At the mid-...

Microsoft Corporation (NASDAQ: MSFT) has seen strong growth in its server products and cloud services division. The company is aggressively growing its data center business. What Happened: The results of an underwater study called Project Natick were made public. A shipping container-sized...

Cloud security company Zscaler, Inc. (NASDAQ: ZS) reported Wednesday afternoon with fourth-quarter results that were highlighted by 55% year-over-year billings growth. Not all Street analysts are declaring the stock a longer-term winner. The Zscaler Analysts: Wedbush analyst Daniel Ives...

A virtual meeting with Fastly Inc’s (NYSE: FSLY) CFO Adriel Lares and industry checks provide greater optimism around the company's potential to gain market share, its relationship with Microsoft Corporation (NASDAQ: MSFT) and the Compute@Edge launch in the fourth quarter,...

The biggest beneficiary of Intel Corporation's (NASDAQ: INTC) 7nm product delay is archrival Advanced Micro Devices, Inc. (NASDAQ: AMD), and an analyst at BofA Securities hiked their AMD price target Monday on this premise.  The Semiconductor Analyst: Vivek Arya reiterated a...

SAP SE (NYSE: SAP) announced Sunday it is planning to take its experience management (XM) software unit Qualtrics public in the United States. What Happened The German multinational software corporation will hold on to the majority ownership of Qualtrics and said the primary objective for the...

Microsoft Corporation (NASDAQ: MSFT) is poised to report strong fourth-earnings Wednesday, according to tech analysts. Wedbush’s Daniel Ives maintained an Outperform rating on Microsoft with a $260 price target, while Jefferies’ Brent Thill maintained a Buy rating and raised the...

Microsoft Corporation (NASDAQ: MSFT) is scheduled to report fourth-quarter earnings after the close on Wednesday.  Despite the negative impact of company layoffs on Microsoft’s on-premise server products and Office 365 seats, recent partner conversations remain bullish for the company...

Cloud-based SaaS companies have managed to generate outsized returns through the first half of 2020, and analysts at Piper Sandler picked four stocks that still hold promise. SaaS Valuations Double The Average: Analyst Brent Bracelin said the stocks are benefiting from rising investor...

The Nasdaq index closed Monday at a record high and is up around 20% since the start of 2020. Despite the strong rally, investors should "absolutely" still be buyers of tech stocks, according to D.A. Davidson's Tom Forte. What Happened: The global COVID-19 pandemic marks the beginning...

Cloud-based enterprise data company Cloudera Inc (NYSE: CLDR) reported better-than-expected first-quarter results but issued below-par guidance Wednesday, sending its shares lower. The Cloudera Analysts BofA Securities analyst Kash Rangan reiterated an Underperform rating on Cloudera shares...

Cybersecurity company Crowdstrike Holdings Inc (NASDAQ: CRWD) reported first-quarter results Tuesday highlighted by an 89% year-over-year subscription growth, $686 million in annual recurring revenue and improving free cash flow from negative $16.1 million last year to positive $87 million. Here...

Microsoft Corporation (NASDAQ: MSFT) and FedEx Corporation (NYSE: FDX) will join forces in a multiyear technology and logistics partnership, the companies announced this week. The collaboration, to involve new product development, will combine the global digital and logistics network of FedEx with...