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Technology
Amazon, ASML, Trade Desk: 3 Tech Stocks On Investors' Radar
May 17, 2021 04:27 PM PDT| By Team Kalkine MediaSummary Amazon's profit tripled in Q1 ended March 31, 2021, from the year-ago period. Dutch firm ASML anticipates 30 percent revenue growth this year. California-based Trade Desk projects its second-quarter revenue to almost double. The N.....
What’s Next for Xiaomi After US Ban Revoked?
May 13, 2021 01:59 PM PDT| By Team Kalkine MediaSummary The recent lifting of the ban by the US Defence Department – a ruling that it had been waiting for some time - has raised the bar for its annual target. Consumer sentiments towards the company are likely to improve from the decisi.....
3 Technology Stocks To Explore On Wall Street
May 13, 2021 01:04 PM PDT| By Team Kalkine MediaTechnology was one of the best performing sectors in 2020. Yet, the NASDAQ 100 Index has been an underperformer to the S&P 500 year-to-date. Recent trends show that investors have turned their attention to stocks whose progress is typically li.....
Amazon Dodges US$300 Million EU Tax Order
May 12, 2021 04:23 PM PDT| By Team Kalkine MediaSummary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,.....
Palantir’s Strong Q1 Topline Growth Drives Up Stock Price
May 11, 2021 11:34 AM PDT| By Team Kalkine MediaSummary The Denver-based data analytic company posted a topline growth of 49 percent. Palantir’s stock was trading at US$20.07, up 8.6 percent on Tuesday morning. For the second quarter, the company anticipates its revenue to increase 43.....
Why Fastly, Cognizant Stocks Are Declining Today?
May 06, 2021 12:09 PM PDT| By Team Kalkine MediaSummary Fastly announced CFO transition after reporting an increase in its first quarter loss. Cognizant’s first quarter net income soared to US$505 million from US$367 million in the year-ago period. Shares of Fastly, Inc. (NYSE: FS.....
Amazon’s Net Profit More Than Triples In Q1 As Revenue Hits US$100B
April 29, 2021 06:00 PM PDT| By Team Kalkine MediaAmazon.com, Inc.’s (NASDAQ: AMZN) net income has more than tripled in the first quarter of 2021, backed by strong revenue growth in e-commerce and cloud business, the company said in its earnings report on Thursday, April 29. The technology .....
Alphabet Shares Up 4.5% In Extended Trading On Strong Q1 Revenue Growth
April 27, 2021 04:41 PM PDT| By Team Kalkine MediaSummary Strong advertising revenue and cloud business fuelled a 34 percent year-over-year growth in first-quarter revenue. Alphabet’s net income more than doubled to US$17.93 billion from US$6.84 billion in the year-ago quarter. The Goog.....
Microsoft’s (NASDAQ:MSFT) Q3 Net Profit Up 44% On Cloud Growth
April 27, 2021 04:05 PM PDT| By Team Kalkine MediaSummary Microsoft’s total revenues rose 19% to US$41.7 billion, while its operating income jumped 31% to US$17 billion in the quarter ended March 31, 2021. Microsoft stocks (NASDAQ:MSFT) were trading flat at US$261.97 at 4:00 pm ET on Tue.....
Amazon Stocks (NASDAQ:AMZN) Shine On Stock Split Hopes
April 27, 2021 11:24 AM PDT| By Team Kalkine MediaSummary News of Amazon stock split draws fresh attention to the stocks, whose value jumped nearly 44% over the past year. Amazon is likely to announce its latest quarterly results later this week. Amazon’s net sales had risen by 38% in 2.....
Proofpoint Shares Rally On US$12.3B Takeover Deal From PE Firm Thoma Bravo
April 26, 2021 06:18 PM PDT| By Team Kalkine MediaSummary NASDAQ-listed cybersecurity company Proofpoint will become private after the transaction. Thoma Bravo will pay US$176 per share in cash to Proofpoint shareholders, a premium of 34 percent. The deal, which got approval from Proofpoint&r.....
Decline in Data Center Revenue Pulls Intel’s Stock Down
April 23, 2021 05:37 PM PDT| By Team Kalkine MediaSummary Intel’s data center revenue during the first three months of the year fell 20 percent year over year. Revenue growth in the PC-centric business was offset by the decline in data center business. The semiconductor company projects.....
Why are Women More Exhausted after Video Conferencing?
April 22, 2021 02:16 AM PDT| By Team Kalkine MediaSummary Zoom fatigue refers to the exhaustive feeling of tiredness after prolonged video conferences. A new study from Stanford University found women are 13.8 percent more Zoom fatigue than men. Zoom overtook Google and Microsoft video apps d.....
ASML Holding Shares Rally on Higher 2021 Sales Estimate
April 21, 2021 05:20 PM PDT| By Team Kalkine MediaSummary The Dutch semiconductor equipment maker projects 2021 sales to grow 30 percent. First-quarter net sales rose to €4.36 billion from €2.44 billion in the year-ago period. Shares of ASML grew 61 percent on NASDAQ in 2020 and is .....
Grab To Go Public in US via US$39.6-Billion SPAC Merger
April 14, 2021 03:36 AM PDT| By Team Kalkine MediaSource: patpitchaya, Shutterstock Summary The Singapore-based ride-hailing company will merge with special purpose acquisition company Altimeter Growth. The transaction values Grab at an initial pro-forma equity value of approximately US$39.6...
Nuance Stock Rallies on Microsoft’s US$19.7B deal
April 13, 2021 12:24 AM PDT| By Team Kalkine MediaSource: Pixabay Summary Microsoft will pay US$56 per Nuance share, which represents a 23 percent premium on Friday’s closing price. The US$19.7 billion all-cash transaction, which includes debt, is expected to be completed in 2021. Nuan...
Palantir (NYSE:PLTR) Stock Climbs 135% Since September 2020 Debut
April 13, 2021 12:06 AM PDT| By Team Kalkine MediaSource: Bro Crock, Shutterstock Summary The data analytic firm went public on NYSE in September 2021 through a direct listing. Palantir’s revenue in 2020 rose 47 percent year-over-year to US$1.09 billion. The Denver-based company antici...
Facebook Removes 16,000 Groups over Fake, Misleading Reviews
April 09, 2021 01:36 PM PDT| By Team Kalkine MediaSource:pkstudio, Shutterstock Summary The UK competition watchdog finds evidence of fake reviews on Facebook and Instagram. The social media giant had removed 188 groups earlier after CMA highlighted such concern. The authority has also flagg...
How is Intel turnaround going?
March 24, 2021 11:15 PM PDT| By Tribhuwants and raised first quarter FY21 guidance due to better trading conditions. Late last year, Third Point LLC Chief Executive Daniel Loeb asked the firm to improve shareholder value after buying a stake in Intel. He highlighted that Intel competi...
Amazon To Offload Nearly 5% Stake From Deliveroo In IPO
March 23, 2021 07:00 PM PDT| By Team Kalkine MediaSource:Sundry Photography, Shutterstock Summary Amazon could raise as much as US$148 million from its 5 percent stake sale in Deliveroo IPO. The US company will continue to hold around 11.5 percent stake after the listing. The retailer would...
