Technology
Amazon’s Net Profit More Than Triples In Q1 As Revenue Hits US$100B
April 29, 2021 09:00 PM EDT| By Team Kalkine MediaAmazon.com, Inc.’s (NASDAQ: AMZN) net income has more than tripled in the first quarter of 2021, backed by strong revenue growth in e-commerce and cloud business, the company said in its earnings report on Thursday, April 29. The technology .....
Lightspeed (TSX:LSPD) & Docebo (TSX:DCBO): 2 Must-Buy Tech Stocks
April 29, 2021 09:42 AM EDT| By AnujRenewed lockdowns in Canada have propelled the demand for software-as-a-service (SaaS) products once again. In this light, stocks of Canadian tech firms Lightspeed POS Inc (TSX:LSPD) and Docebo Inc (TSX:DCBO) have been trending for a while now, risin...
Magnet Forensics (TSX:MAGT) Expands IPO, Stocks Soar 35% On Debut Day
April 29, 2021 08:55 AM EDT| By Team Kalkine MediaSummary Canadian tech firm Magnet Forensics Inc (TSX:MAGT) debuted on the Toronto Stock Exchange (TSX) on Wednesday, April 28. A day before its TSX debut, the cybersecurity startup expanded the size of its IPO from initially announced C$ 90 mil.....
Drone Delivery (TSXV:FLT) & AeroVironment: 2 Drone Stocks To Invest In
April 28, 2021 01:15 PM EDT| By Team Kalkine MediaSummary Drone technology is becoming increasingly popular in Canada and many other countries. A report from Grand View Research suggests that the global commercial drone market size will expand at a compound annual growth rate (CAGR) of 57.5 pe.....
Real Matters (TSX:REAL) Stock Rising Today. Should You Buy?
April 28, 2021 12:53 PM EDT| By Team Kalkine MediaSummary Real Matters Inc (TSX:REAL) announced its financial results for the second quarter of fiscal 2021 on Wednesday. The company achieved a consolidated net revenue of US$ 46.7 million, registering an increase of 29.8 per cent year-over-year.....
Shopify (TSX:SHOP) Reports 110% YoY Revenue Growth in Q1, Stocks Spike
April 28, 2021 12:24 PM EDT| By AnujSummary Stocks of Shopify Inc (TSX:SHOP) jumped as much as 10 per cent on Wednesday (11.14AM EST). Its stock was also up over 5.3 per cent in premarket trading on the New York Stock Exchange (NYSE). Its top line soared 110 per cent to US$ 988......
Thinkific (TSX:THNK) Stocks Surge 20% On Debut Day After C$160Mn IPO
April 28, 2021 06:23 AM EDT| By Team Kalkine MediaSummary Thinkific Labs Inc (TSX:THNC) went public on the Toronto Stock Exchange (TSX) on Tuesday, April 27. Its public debut comes after an initial public offering (IPO) that is said to have raised over C$ 160 million. The Vancouver-based comp.....
Microsoft’s (NASDAQ:MSFT) Q3 Net Profit Up 44% On Cloud Growth
April 27, 2021 07:05 PM EDT| 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 02:24 PM EDT| 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.....
Canada's Absorb Software, Valued At $500Mn, To Be Bought By US Firm
April 21, 2021 04:08 AM EDT| By Shreya BiswasSummary Calgary-based tech firm Absorb Software said on Tuesday, April 20, that it is being purchased by American private equity company Welsh, Carson, Anderson and Stowe. Absorb, however, did not disclose the deal’s financial terms.. Th.....
Drone Delivery Canada (TSXV:FLT) & EHang: 2 Drone Stocks To Buy
April 20, 2021 02:15 PM EDT| By Team Kalkine MediaSummary The drone industry has been registering quite a rise in demand across the world. The drone services market is estimated to grow at a compound annual growth rate (CAGR) of about 60 per cent, according to a recent study. Amid rising COVI.....
Here’s Why Sysorex (SYSX) Stock Soared Over 600%
April 15, 2021 09:08 AM EDT| By Team Kalkine MediaSource: TippaPatt, Shutterstock Summary Compared to its average monthly volume of 12,416 shares, 3.5 million Sysorex shares were traded on April 14. Syrorex has announced closing the reverse triangular merger with TTM Digital Assets & Tech...
BlackBerry (TSX:BB) Stock A Buy Following IBM Canada Deal?
April 13, 2021 12:22 PM EDT| By AnujSource:totojang1977, Shutterstock Stocks of BlackBerry Limited (TSX:BB) began trending on Tuesday, April 13, across North American stock markets as the company partnered with IBM Canada (IBM:US, NYSE:IBM) for the commercialization of its software pl...
Neuralink: Why Are Investors Going Gaga For This Elon Musk Firm?
April 12, 2021 11:02 AM EDT| By Shreya BiswasSource: Aleksandra Sova, Shutterstock Summary Investors are scouring the internet to learn more about Tesla Inc founder Elon Musk’s company Neuralink since the entrepreneur sent out some interest tweets about its latest development last w...
Nuance (NASDAQ:NUAN), A US Tech Stock To Buy
April 12, 2021 07:21 AM EDT| By AnujSource: ESB Professional, Shutterstock Multinational tech giant Microsoft Corp (MSFT:US or NASDAQ: MSFT) is in talks to acquire artificial intelligence (AI) specialized company Nuance Communications Inc. (NUAN:US or NASDAQ: NUAN) in a US$ 16-billion...
Loop Insights (TSXV:MTRX): A Software Stock To Buy
April 09, 2021 10:08 AM EDT| By AnujSource: SFIO CRACHO, Shutterstock Loop Insights Inc. (TSXV: MTRX) stock rose as much as 16.52 per cent on Thursday after the artificial intelligence (AI)-powered contactless solutions provider announced plans to expand its businesses in the brick-an...
UTime (NASDAQ: UTME) Stocks Up Over 110%, Another Reddit Rally
April 08, 2021 09:14 AM EDT| By Team Kalkine MediaSource: asharkyu, Shutterstock Summary UTime raised US$ 15 million via IPO. Its current market capitalisation is US$ 679.36 million. To meet the requirements of the fast-changing mobile market, UTime is planning to diversify its product portf...
Why TikTok Founder ByteDance Became So Popular Among Investors?
April 02, 2021 12:11 AM EDT| By Shreya BiswasSource: Athitat Shinagowin, Shutterstock Summary ByteDance Ltd shot to fame primarily because of its famous social media app TikTok, which has become the latest fad among internet users. Reports quoting sources said that private trading saw By...
BlackBerry (BB): Is The Software Stock In Correction Mode?
March 31, 2021 11:05 AM EDT| By AnujSource: Song_about_summer, Shutterstock Stocks of BlackBerry Limited (TSX: BB) were trading volatilely on Tuesday, March 30, as the company announced its full fiscal year 2021 results post-market closing. The software firm posted an operating...
BlackBerry (TSX: BB) Stocks Slump Ahead of Earnings Call
March 30, 2021 10:46 AM EDT| By Team Kalkine MediaSource: Joyseulay, Shutterstock Summary BlackBerry had captured the attention of the Reddit investors. BB’s QNX software is gaining popularity and is one of the first commercially successful platforms based on a microkernel operating sys...