Microsoft executives Todd Holmdahl and Dr. Julie Love, who help run the company's quantum computing effort, describe progress in their plan to bring a real, commercial quantum computer, for "solving real business problems," to market in five years. One of Microsoft's key advantages, they believe, is having the best qubits, the fundamental building block, of anyone in the industry.
Hewlett Packard Enterprise's chief, Antonio Neri, talks with Barron's about his company's better-than-expected quarterly report and outlook offered Thursday evening. The bulls see a turn for the better in the company's business. Many bears remain on the stock, however, wondering if Hewlett can keep up its momentum.
Dropbox, the 11-year-old file storage service, filed to go public in a half-billion-dollar IPO led by Goldman Sachs, with 22.1 million common shares pledged to a program of restricted stock awards for founders, including CEO Andrew Houston.
Jeff Green, chief executive of recently public The Trade Desk, which traffics in technology for placing ads "programmatically," waxes enthusiastic in an interview with Barron's about the $700 billion global advertising opportunity. Bulls such as Youssef Squali at SunTrust are equally convinced the opportunity is "humongous," as Green puts it. The stock is up 23% after the company's better-than-expected Q4 report Thursday afternoon.
Both Hewlett Packard Enterprise and HP inc. are rising after upbeat reports Thursday, two startups, The Trade Desk and Appian delivered nice results, Nvidia and AMD have good prospects in both gaming and crypto-currency use, says Merrill Lynch, identity manager Okta gets a new fan at Deutsche Bank, Yahoo!'s Altaba offspring is too cheap relative to those Asian assets, the easy money is over with struggling fiber-optic name Applied Optoelectronics, says its most devoted short seller, while the pain continues for fiber name Acacia Communications, Western Digital has good prospects, says Stifel, and Universal Display, the maker of OLED technology, is plunging after its year outlook disappointed, though it has plenty of defenders.
Shares of recently public advertising tech firm The Trade Desk surged by over 12% in late trading after its quarterly report and outlook topped expectations.
Shares of Hewlett Packard Enterprise, the server, storage and networking part of the former HP, rose by almost 14% as the company beat quarterly expectations, beat with its outlook, and hiked its dividend by 50%.
Shares of Universal Display, which makes technology for "OLED" screens in mobile phones and TV sets, fell by 13% in late trading, as the company's quarterly results beat but its outlook for this year's revenue missed expectations by a wide margin.
Shares of PC and printer giant HP Inc. sued by almost 9% in late trading, as it delivered quarterly revenue almost a billion dollars above what Wall Street was expecting, and its CFO said the company will be looking to boost shareholder payouts down the road.
Semiconductor giant Qualcomm (QCOM), locked in a battle with Broadcom (AVGO) for its future, a short while ago sent a letter to shareholders urging them to vote against Broadcom’s proposed board nominees at the Qualcomm annual meeting on March 6th. Saying it is open to considering a “suitable proposal” from Broadcom, Qualcomm says “no such proposal has been […]
Roku shares dropped 16% after its Quarterly revenue outlook came up short, and some bears, including Morgan Stanley's Benjamin Swinburne, question whether "engagement" trends are going in the wrong direction. Mark Mahaney of RBC Capital stresses that while the stock ran up a lot in advance of the report, there's still a very bright opportunity. And Laura Martin of Needham pounds the table, saying you should buy the shares given a cheaper valuation than Netflix and a better business model in some respects.
Advanced Micro Devices has a good set up this year to take share from Intel in PCs and servers, according to notes from Wells Fargo chip analyst David Wong, who traveled with the company's CFO on meetings with investors in San Francisco and L.A.
Object tracking tech firm Zebra is surging on its quarterly report and outlook, Pandora reverses gains and falls sharply on a weaker-than-expected outlook, identity management firm Okta rises on a positive pre-announcement, Roku plunges as its forecast disappoints, and HP Inc. is set to offer its results after market close.
If Broadcom's bid for Qualcomm falls through, RBC Capital's Amit Daryanani is ready with a short list of alternative chip takeovers, including Xilinx and Analog Devices.
Shares of Mellanox Technologies, makers of chips that interconnect server computers, jumped by nearly 6% in late trading after it raised its quarterly revenue forecast only a month after offering it, citing growing demand for chips to upgrade connections of servers to 25 billion bits per second. The company also said its CFO will leave for a startup company.
Five9, makers of software to streamline corporations' call centers, saw its shares jump 4% in late trading after its quarterly results and outlook topped Wall Street's expectations.
Shares of Roku spent the entire after-hours session down 22%, but the company's chief financial officer, Steve Louden, tells Barron's he's heard no complaints from Wall Street analysts, and that "For us it's all been positive," with things like "platform revenue" and accounts using Roku rising sharply.
Roku, the maker of appliances and services for viewing streaming video, saw its shares fall 21% in late trading after its quarterly results were ahead of Wall Street's expectations but it disappointed with its revenue forecast.
Shares of beleaguered fiber-optic component maker Applied Optoelectronics took a 16% dive after its quarterly revenue missed Wall Street's expectations, and it forecast results this quarter even further below estimates. The shares regained some ground after it disclosed it will supply parts to Facebook.
Pandora Media, the streaming music pioneer, saw its shares climb 9% in late trading after its quarterly subscription revenue jumped by 63%, helping the company to comfortably beat expectations.