Mike Wheatley
Latest from Mike Wheatley
PagerDuty lowers its full-year sales forecast and its stock falls hard
Shares of PagerDuty Inc. were trading lower late today after the company said it’s cutting its full-year revenue target, even as it upped its forecast for the bottom line. Officials expect the company to be more profitable this year, but they also warned that negotiations with customers over new deals are taking longer to play ...
GitLab raises its full-year outlook, sending its stock higher in extended trading
Shares of GitLab Inc. surged in extended trading today after the software development company posted strong earnings results and bumped up its full-year outlook. That came even as lingering concerns over the health of the company’s chief executive fuel speculation over a possible sale. The company reported second-quarter earnings before certain costs such as stock ...
Couchbase’s Capella Columnar paves the way for developers to build more adaptive applications
Couchbase Inc. is adding some powerful new capabilities to its flagship database-as-a-service offering, paving the way for developers to build more intelligent and adaptive applications that leverage real-time insights. The company is also enhancing the mobile version of its database with new functions including vector search, making it more suitable for generative AI applications that ...
Report: Intel CEO Pat Gelsinger to reveal new plan to cut costs and sell off business units
Intel Corp. Chief Executive Pat Gelsinger is expected to present a plan to the company’s board of directors this month that will outline the next steps of its ongoing restructuring, as it looks to revive its flagging chipmaking business. The company, which was formerly widely regarded as the biggest chipmaker in the world, has seen ...
Strong AI chip demand and improved guidance boost Marvell’s stock after-hours
After a string of less-than-impressive earnings results that weighed heavily on its stock, Marvell Technology Inc. headed in the opposite direction today. The company delivered earnings in line with expectations and revenue that beat Wall Street’s targets, then offered an upbeat outlook for the current quarter, citing ongoing momentum with its artificial intelligence chips. Marvell’s stock ...
Strong beat and raise helps MongoDB’s stock surge more than 13% after-hours
Shares of the database company MongoDB Inc. made strong gains in the after-hours trading session today following a crushing second-quarter earnings beat and a raise in its full-year guidance. The company reported earnings before certain costs such as stock compensation of 70 cents per share, surging past the Wall Street analysts’ consensus estimate of just ...
Dell’s stock rises on crushing earnings beat driven by AI server sales
Booming sales of servers for artificial intelligence workloads helped Dell Technologies Inc. to deliver a crushing earnings and revenue beat in its latest financial quarter, sending its stock higher in extended trading. The company reported second-quarter earnings before certain costs such as stock compensation of $1.89 per share, blowing past the analysts’ consensus estimate of ...
Data storage leaders Pure Storage, NetApp and Nutanix all beat Wall Street’s targets
Shares of data center storage rivals Pure Storage Inc. and NetApp Inc. took a hit in extended trading today, despite posting earnings and revenue that beat expectations, but both companies were completely overshadowed by Nutanix Inc. Nutanix crushed Wall Street’s estimates, sending its stock soaring more than 15% after-hours. Pure Storage’s stock fell more than 16% ...
PC sales rebound helps HP return to revenue growth, but its stock falls on earnings miss
HP Inc. beat Wall Street’s expectations on revenue in its latest quarter, but came up short in terms of profit, and its stock fell more than 4% in extended trading. The company said personal computer sales rose more than expected, helping it to deliver $13.52 billion in revenue in its fiscal third quarter, up 2% ...
Salesforce beats earnings estimates as it talks up its new AI agents
Shares of Salesforce Inc. rose just over 4% in extended trading today after the company reported strong second-quarter results that came in ahead of Wall Street’s estimates and raised its full-year earnings outlook. The company also revealed that longtime Chief Financial Officer Amy Weaver is set to step down from her role. She’ll remain in ...