Enterprise
Zscaler jumps 8% on strong results fueled by AI growth
Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018. Source: Nasdaq Zscaler shares jumped 8% Friday after reporting stronger-than-expected results in the third fiscal quarter driven by artificial intelligence and widespread adoption of its zero-trust security platform. “The proliferation of AI in all aspects of business is increasing the […]
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Synopsys pulls full-year guidance, citing new China export restrictions
Sassine Ghazi, CEO of semiconductor design software firm Synopsys, explains the company’s plans to have artificial intelligence take over parts of designing computer chips at the company’s annual user conference in Santa Clara, California, on March 19, 2025. Stephen Nellis | Reuters Synopsys pulled its guidance for the full fiscal year on Thursday, citing a […]
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Omada Health aims to go public with market cap of up to $1.1 billion
Omada Health smart devices in use. Courtesy: Omada Health Omada Health plans to raise up to $158 million in its up coming IPO, attaining a market cap of about $1.1 billion at the top end of its expected range, according to a filing on Thursday. The virtual chronic care company filed its prospectus earlier this […]
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Salesforce shares fall as software maker shows pockets of weakness
Marc Benioff, Chairman & CEO of Salesforce, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Salesforce shares slumped about 6% despite topping Wall Street’s fiscal first-quarter estimates and lifting its full-year guidance due to artificial intelligence tailwinds. The sales and customer service software […]
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HP sinks 15% as company misses on earnings, guidance due to ‘added cost’ from tariffs
Sopa Images | Lightrocket | Getty Images HP reported second-quarter results that beat analysts’ estimates for revenue but missed on earnings and guidance, in part due to President Donald Trump’s sweeping tariffs. Shares sank 15% after the report. Here’s how the company did versus analysts’ estimates compiled by LSEG: Earnings per share: 71 cents adjusted vs. 80 […]
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Salesforce turns in strong results and optimistic forecast
Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Chris Ratcliffe | Bloomberg | Getty Images Salesforce shares were volatile in extended trading on Wednesday after the sales and customer service software maker reported upbeat fiscal first-quarter results and guidance. Here’s how the company […]
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Chip software stocks sink on report Trump ordered halt to China sales
The Synopsys headquarters in Mountain View, California, on April 13, 2022. David Paul Morris | Bloomberg | Getty Images Shares of chip design software makers Cadence and Synopsys tumbled in Wednesday trading after The Financial Times reported that the White House told them to stop selling to clients in China. Cadence stock declined nearly 11%, […]
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Anthropic appoints Netflix Chairman Reed Hastings to AI startup’s board of directors
Reed Hastings speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters Artificial intelligence startup Anthropic said Netflix Chairman Reed Hastings is joining its board of directors. Hastings, who co-founded Netflix in 1997 and served as CEO (and eventually co-CEO) of the streaming giant until […]
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Circle IPO has peculiar Facebook-like characteristic
Jeremy Allaire, co-founder and CEO of Circle, speaks at the 2025 TIME100 Summit in New York on April 23, 2025. Jemal Countess | TIME | Getty Images Stablecoin issuer Circle stands to be one of the first significant cryptocurrency companies to go public in the U.S. That’s not the only unusual aspect of its IPO. […]
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Okta shares plunge 11% as company maintains guidance, citing macroeconomic uncertainties
Todd McKinnon, CEO and co-founder of Okta, speaks during the BoxWorks 2019 Conference in San Francisco, California, on Oct. 3, 2019. Michael Short | Bloomberg | Getty Images Okta reported better-than-expected earnings and revenue on Tuesday but maintained its guidance as the identity management software vendor grapples with an uncertain economic backdrop. The stock plunged […]
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