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Technology
Alibaba (BABA) shares fell over 46% this year, making them cheapest ever
December 02, 2021 03:11 PM PST| By Sanjeeb BaruahUS-listed shares of Chinese technology conglomerate Alibaba Group Holding Ltd (NYSE: BABA) declined more than 46% this year, making them the cheapest ever. The BABA shares had been declining since the crackdown on the company by Chinese regulators.....
Snowflake (SNOW) stock continues to run, is it worth your penny?
December 01, 2021 02:40 PM PST| By Sanjeeb BaruahHighlights Snowflake reported a narrower-than-expected loss for the third quarter, beating expectations. It reported a loss of 51 cents per share compared with a loss of US$1.01 per share a year ago. In addition, its customers grew to 5,416 f.....
Five high-growth tech stocks to watch in 2022
November 27, 2021 10:32 AM PST| By Rupam RoyThe technology sector has been on investors' radar lately. The Covid-19 pandemic has helped accelerate the digitalization of the work processes, helping in its growth. In addition, demand for technology products like semiconductors helped improve s.....
Cohesity IPO: SoftBank-backed tech firm gears up for public offer
November 25, 2021 11:08 AM PST| By Sanjeeb BaruahSoftBank-backed data management company Cohesity might launch its much-anticipated initial public offering (IPO) by early next year, say market observers. The company has reportedly made some critical changes in its management and financial side i.....
Why did MultiPlan Corporation (MPLN) stock jump 33% today?
November 22, 2021 03:28 PM PST| By Versha JainHighlights MultiPlan Corporation (NASDAQ: MPLN) stock closed at 33% higher on Monday. The company expects to obtain the resale registration statement on Dec 10, 2021. It announced to participate in the virtual BofA Leverage Finance Conference .....
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Why did Micron Technology (MU) stock skyrocket on Friday?
November 19, 2021 05:57 PM PST| By Rupam RoyHighlights Analysts raised the pricing expectations for Micron’s DRAM (dynamic random-access memory) in the coming quarters. Micron announced that MediaTek Inc. has validated its low-power double data rate 5X DRAM. The MU stock gained ov.....
Intuit Inc. (INTU) raises guidance after earnings, stock jumps
November 19, 2021 05:44 PM PST| By Versha JainHighlights Intuit Inc. (NASDAQ: INTU) posted revenue of US$2.0 billion, up 52% YoY, in Q1, 2022. Its operating income was US$195 million, down 7% from the previous year. The company has raised the guidance for the second quarter and fi.....
Advanced Human Imaging (AHI) IPO is priced: How to buy the stock?
November 19, 2021 09:24 AM PST| By Team Kalkine MediaHighlights The Advanced Human Imaging Ltd is offering 1,000,000 shares in the IPO. It will trade with the ticker symbol ‘AHI’ on the NASDAQ Global Capital Market. Each unit consists of 2 ADS and 1 warrant. ADS will start trading on.....
Five cybersecurity stocks to consider as ransomware threats increase
November 18, 2021 01:45 PM PST| By Versha JainUS water service providers are facing increased threats from ransomware attacks in the Us in the absence of adequate security from federal agencies, say some experts. Meanwhile, they have called for more federal funding to protect the utility firms.....
Braze IPO: BRZE stock jumps 36% in market debut. How to buy it?
November 17, 2021 03:09 PM PST| By Versha JainHighlights Braze, Inc. (BRZE) offered 8 million shares in its IPO. The offering price for the IPO was US$65. The firm reported revenue of US$103.63 million for the six months that ended on July 31, 2021. The Braze, Inc. (NASDAQ: BRZE) sto.....
7 rising tech stocks under US$49 – should you consider them?
November 15, 2021 10:03 AM PST| By Versha JainHighlights Aehr Test Systems (NASDAQ: AEHR) stock’s trailing three-month price net change is US$19.02, and the YTD return is 879.8%. Alpha and Omega Semiconductor Ltd. (NASDAQ: AOSL) stock’s three-month price net change is US$18.31......
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Why is Creative Realities stock rising? CREX up 87% in pre-market trade
November 15, 2021 08:06 AM PST| By Team Kalkine MediaHighlights Creative Realities, Inc. (CREX) and Reflect Systems have reached a definitive merger agreement The merger deal is expected to close in the first quarter of 2022 CREX will release its third-quarter financial results on Nov 16, before.....
Top semiconductor stocks to explore now as demand booms
November 14, 2021 12:11 AM PST| By Ipsita SarkarHighlights Qualcomm Incorporated (NASDAQ: QCOM) revenue rose 12% YoY in Q4, FY21. NVIDIA Corporation (NASDAQ: NVDA) revenue increased by 68% YoY in Q2, FY22. Intel Corporation (NASDAQ: INTC) GAAP revenue rose 5% YoY in Q3, FY21. The semic.....
RingCentral (RNG) stock soars on solid earnings, Mitel partnership
November 10, 2021 12:11 PM PST| By Versha JainThe RingCentral, Inc. (NYSE: RNG) stock jumped more than 25% after declaring its third-quarter results and partnership with Mitel, a global leader in business communication, on Wednesday. The stock was priced at US$294.355, up 25.99%, at 12:4.....
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Monday.com (MNDY) posts revenue growth of 95% in Q3 YoY
November 10, 2021 07:52 AM PST| By Versha JainHighlights Monday.com booked a 95% increase in revenue YoY to US$83.0 million. The GAAP net loss fell to US$28.8 million from US$41.08 million a year ago. The MNDY stock grew 36.33% in the last three months. Software company M.....
Roblox (RBLX) beats Q3 booking estimates, stock jumps 29%
November 08, 2021 05:58 PM PST| By Team Kalkine MediaHighlights Roblox’s revenue increased 102% YoY to US$509.3 million. The company’s bookings were also up 28% YoY to US$637.8 million, while the free cash flow was US$170.6 million. Its net cash from operating activities was US$181.2 .....
Trade Desk (TTD) revenue up 39%, Bright Knight (BKI) raises outlook
November 08, 2021 08:13 AM PST| By Versha JainHighlights Trade Desk, Inc. (NASDAQ: TTD) revenue jumps 39% YoY to US$301.1 million in the third quarter of 2021. Black Knight, Inc. (NYSE: BKI) revenue increased 21% YoY to US$378 million. Black Knight raises outlook for fiscal 2021 after rob.....
Datadog (DDOG) & UiPath (PATH) rally after quarterly reports
November 05, 2021 07:53 AM PDT| By Team Kalkine MediaHighlights The revenue of Datadog, Inc. (NASDAQ: DDOG) increased by 75% YoY in Q3, FY21 Datadog, Inc. (NASDAQ: DDOG) expects its revenue to be between US$993 million and US$995 million for full fiscal 2021 UiPath, Inc. (NYSE: PATH) revenue was.....
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UBER’s gross bookings reach ATH in Q3 2021, Cloudflare revenue up 51%
November 05, 2021 07:25 AM PDT| By Team Kalkine MediaHighlights Uber Technologies, Inc. (NYSE: UBER) posted revenue of US$4.8 billion, in the third quarter of 2021, representing a 72% growth over the year. The revenue of Cloudflare Inc. (NYSE: NET) grew 51% in the third quarter YoY and it added 1.....
Qualcomm (QCOM) posts strong Q4, fiscal 2021 results
November 03, 2021 03:49 PM PDT| By Versha JainHighlights Qualcomm Incorporated reported strong fourth quarter and fiscal 2021 results. Its FY2021 revenue grew 43% YoY and non-GAAP net income rose 104% YoY. The stock rose 7% in one month but fell around 9% YTD. Technology company Qual.....
