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Five stocks to explore as more companies join metaverse madness
November 03, 2021 01:19 PM PDT| By Versha JainHighlights Metaverse is a mix of a real and virtual worlds, an idea popularized by Mark Zuckerberg, the CEO of Meta Platforms Inc., formerly Facebook. The metaverse market might hit US$800 billion by 2024, according to Bloomberg Intelligence.&n.....
Backblaze IPO: How to buy this cloud storage platform stock?
November 03, 2021 08:57 AM PDT| By Ipsita SarkarHighlights Backblaze is offering 6.25 million shares of Class A common stock in the IPO. The IPO price is likely to be between US$15 and US$17 per share. Backblaze’s revenue was US$31.46 million in the six months ended on June 30. C.....
OLB Inc. (OLB) stock tanks 16% after robust gains on Mastercard deal
November 03, 2021 08:31 AM PDT| By Versha JainHighlights The OLB Group, Inc. (NASDAQ: OLB) stock gains traction after its partnership with Mastercard for cryptocurrency transactions. The merchants using OLB’s OmniSoft platform and SecurePay Payment Gateway Platform can now pro.....
Apple (AAPL) stock falls 2% day after Q4 results
October 29, 2021 01:10 PM PDT| By Team Kalkine MediaHighlights Its total net sales, including products and services, rose to US$83.36 billion in the quarter from US$64.69 billion in the year-ago period. Presenting the results on Thursday, CEO Tim Cook said Apple launched its “most powerfu.....
Amazon.com, Inc.’s (AMZN) net income falls, sales jump 15% in Q3
October 28, 2021 03:53 PM PDT| By Sanjeeb BaruahHighlights Amazon’s net sales increased by 15% to US$110.8 billion in the quarter from US$96.1 billion a year ago. The Seattle, Washington-based company has spent billions of dollars to bolster its fulfillment network globally amid labor.....
AMD’s Q3 profits soar, Twitter (TWTR) hits 211 mn daily active users
October 26, 2021 05:26 PM PDT| By Sanjeeb BaruahHighlights Advanced Micro Devices, Inc’s (NASDAQ: AMD) revenue jumped 54% YoY in Q3, FY21. AMD raises revenue guidance for fiscal 2021 to 65% YoY from 60% projected earlier. Twitter, Inc’s (NYSE: TWTR) revenue surged 37% YoY in Q3,.....
Alphabet Inc (GOOGL), Microsoft Corp see profits soar in Q3
October 26, 2021 04:17 PM PDT| By Ipsita SarkarHighlights Alphabet Inc. (NASDAQ: GOOGL) posted revenue of US$65 billion, a 41% increase YoY in Q3, FY2021. Microsoft Corporation (NASDAQ: MSFT) revenue was US$45.3 billion, a 22% increase YoY, and its GAAP net income rose 48% YoY in .....
Facebook (FB) misses Q3 revenue estimates, profit up 17%
October 25, 2021 07:08 PM PDT| By Sanjeeb BaruahFacebook Inc (NASDAQ: FB) on Monday reported third-quarter profit of US$9.19 billion as its ad revenue saw modest growth despite a flurry of negative publicity over privacy and other issues. Facebook said it will create new reporting segments focu.....
Top artificial intelligence stocks to explore amid AI boom
October 25, 2021 02:03 PM PDT| By Ipsita SarkarHighlights Alphabet's revenue surged 62% YoY to US$61.88 billion in Q2, FY21. The revenue of Twilio Inc. (NYSE: TWLO) rose 67% YoY n Q2, FY21. The revenue of Twilio Inc. (NYSE: TWLO) rose 67% YoY n Q2, FY21. A growing number of in.....
Roper (ROP) & Seagate (STX) stocks rally after Q3 reports
October 22, 2021 11:58 AM PDT| By Team Kalkine MediaHighlights Roper Technologies, Inc. (NYSE: ROP) saw its revenue increase 22% to US$1.46 billion in the third quarter of 2021, and gross profit grew 23% YoY. Seagate Technology Holdings (NASDAQ: STX) had a net income of US$526 million, a 13.....
Intel (INTC) & Snap Inc stocks fall amid Q3 results, supply chain woes
October 22, 2021 06:52 AM PDT| By Team Kalkine MediaHighlights The revenue of Intel Corporation (NASDAQ: INTC) rose 5% YoY in Q3, FY21 Intel expects its revenue to be US$18.3 billion in Q4, FY21 The revenue of Snap Inc (NYSE: SNAP) jumped 57% YoY in Q3, FY21 The stocks of Intel Corpo.....
IBM stock dives 9% after lackluster third-quarter results
October 21, 2021 01:44 PM PDT| By Sanjeeb BaruahHighlights IBM’s (NYSE: IBM) revenue rose by 0.3% YoY to US$17.6 billion in the quarter. The net cash from operating activities was US$2.7 billion. Its revenue from cloud & cognitive software was US$5.7 billion, up 2.5% YoY, and cloud.....
Taiwan’s Foxconn eyes EV manufacturing in India, Europe
October 20, 2021 07:22 PM PDT| By Sanjeeb BaruahHighlights The company will “indirectly” collaborate with German firms in the EV venture. India would be the second destination after Europe, followed by Latin America, most likely Mexico. In August, it had purchased a semiconductor.....
What’s in store for Facebook in 2022 after a year of hurdles?
October 20, 2021 03:55 PM PDT| By Sanjeeb BaruahThe first nine months of 2021 have been difficult for Facebook, marred by relentless hurdles that seemed almost unassailable. And as the year draws to an end, it is perhaps a time of reflection and learning for Facebook and preparing for a new year.....
Facebook (FB) stock shrugs off recent losses, jumps 3% on Europe job plan
October 18, 2021 12:07 PM PDT| By Sanjeeb BaruahThe Facebook Inc (NASDAQ: FB) stock was up more than 3% in intraday trading, hours after it announced plans to hire up to 10,000 specialists in Europe to help develop a metaverse. The FB stock traded at US$334.935 at 1:32 pm ET on Monday. Faceboo.....
Taiwan chipmaker TSMC's Q3 net profit jumps 13.8% on global demand
October 14, 2021 06:54 AM PDT| By Sanjeeb BaruahHighlights The revenue for the July-September period surged 22.6% YoY to US$14.88 billion. TSMC's third-quarter profit rose 13.8% to US$5.56 billion (or 156.3 billion Taiwanese dollars). TSMC has raised its revenue guidance for 2021 to a.....
Datadog (DDOG) shakes off inflation worries, posts solid YTD gains
October 13, 2021 05:58 PM PDT| By Sanjeeb BaruahHighlights Datadog, Inc’s (NASDAQ: DDOG) trading volume more than doubled to 5,645,099 on Wednesday from the previous close. Its 90-day average volume is 2,537,110. The stock changed hands generously with a turnover of 866.90 million. Da.....
CrowdStrike (CRWD), Vimeo (VMEO) stocks jump on new offerings, earnings
October 13, 2021 04:01 PM PDT| By Ipsita SarkarHighlights CrowdStrike Holdings, Inc. (NASDAQ: CRWD) stock was close to its 52-week highest price on Wednesday. It showcased new offerings at the 5th annual Fal.Con 2021 conference on Oct 12. Vimeo, Inc. (NASDAQ: VMEO) revenue increased by 33% .....
Earnings update: Infosys revenue up 20%, Wipro net income jumps 18%
October 13, 2021 08:11 AM PDT| By Ipsita SarkarHighlights Infosys Limited ADR (NYSE: INFY) posted revenue of US$4 billion, a 20.7% increase YoY, and earning per share diluted of US$0.17, reflecting growth of 13% YoY. Wipro Limited (NYSE: WIT) earned gross revenue of US$2.7 billion, a 3.....
HubSpot (HUBS) stock steals the show after launching payments platform
October 12, 2021 04:05 PM PDT| By Ipsita SarkarHighlights HubSpot, Inc. (NYSE: HUBS) launched a new end-to-end payment solution, called HubSpot Payments. HubSpot is partnering with Stripe to help power the HubSpot Payments. HUBS was founded in 2006. The stock gained 138% in one year. .....
