Technology

Facebook (FB) misses Q3 revenue estimates, profit up 17%
October 26, 2021 01:08 PM AEDT| 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 26, 2021 08:03 AM AEDT| 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 23, 2021 05:58 AM AEDT| 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 23, 2021 12:52 AM AEDT| 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 22, 2021 07:44 AM AEDT| 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 21, 2021 01:22 PM AEDT| 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.....

Taiwan chipmaker TSMC's Q3 net profit jumps 13.8% on global demand
October 15, 2021 12:54 AM AEDT| 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 14, 2021 11:58 AM AEDT| 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 14, 2021 10:01 AM AEDT| 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 14, 2021 02:11 AM AEDT| 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 13, 2021 10:05 AM AEDT| 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. .....

SoFi (SOFI), Alibaba (BABA) stocks rally on positive news
October 12, 2021 03:57 AM AEDT| By Ipsita SarkarHighlights SoFi Technologies, Inc. (SOFI) stock rose after analysts gave an "overweight" rating. SoFi Technologies will release its third-quarter fiscal 2021 results on Nov 10. Alibaba Group Holding Ltd.’s (NYSE: BABA) revenue grew 34% Y.....

Paltalk (PALT) & Matterport (MTTR): Two trending stocks on Thursday
October 08, 2021 10:32 AM AEDT| By Ipsita SarkarHighlights Paltalk, Inc. (PALT) stock gained 593% in a year based on its closing price of US$6.93 on Oct 6. Matterport, Inc. (MTTR) on Thursday said that real estate firm Cushman & Wakefield adopted its technology solution that helped save .....

Palantir (PLTR) stocks climb after US$823Mn army contract
October 07, 2021 02:34 AM AEDT| By Team Kalkine MediaHighlights Palantir Technologies Inc. (NYSE: PLTR) has been selected to deliver Army’s intelligence data fabric and analytics foundation under Army’s Capability Drop 2 (CD-2) program. The indefinite-delivery, indefinite-quantity (I.....

Explore five alternative social media stocks to Facebook
October 06, 2021 08:45 AM AEDT| By Ipsita SarkarHighlights Twitter, Inc. (NYSE: TWTR) expects its Q3 revenue for fiscal 2021 to be between US$1.22 Bn and US$1.30 Bn. Snap Inc. (NYSE: SNAP) expects its revenue to be between US$1.07 Bn and US$1.08 Bn in Q3, FY21. The revenue of Pinterest, Inc.....

FCUV & VERB: Two tech stocks gaining traction
October 06, 2021 03:50 AM AEDT| By Sanjeeb BaruahHighlights Focus Universal Inc. (FCUV) started trading on NASDAQ on Aug 31, 2021. Since its launch, the stock gained 66%, based on the closing price of Oct 4, 2021. Verb Technology Company, Inc. stock is down around 8% on Tuesday after closing.....

Top five tech penny stocks that gave over 30% return YTD
October 02, 2021 10:17 AM AEST| By Team Kalkine MediaHighlights The Exela Technologies, Inc (NASDAQ: XELA) stock surged 39.67% YTD. Pixelworks, Inc (NASDAQ: PXLW) revenue rose to US$14.05 million in Q2, FY21. Net revenue of Ascent Solar Technologies Inc (OTC: ASTI) surged 660% YoY. The tech.....

Five cybersecurity stocks that gave over 19% return YTD
October 01, 2021 09:21 AM AEST| By Ipsita SarkarHighlights CrowdStrike Holdings, Inc. (NASDAQ: CRWD) projected its revenue to be between US$358 million and US$365.3 million in Q3, FY22. Fortinet Inc (NASDAQ: FTNT) expects its revenue to be between US$800 million and US$815 million in Q3, FY2.....

Gogo (GOGO) & Micron (MU): Two trending stocks on Wednesday
September 30, 2021 02:28 AM AEST| By Sanjeeb BaruahStocks of Gogo Inc. (NASDAQ: GOGO) and Micron Technology, Inc. (NASDAQ: MU) were trending on Wall Street Wednesday. GOGO fell around 2 percent, while MU traded flat. GOGO traded at US$16.46 at 9:51 am ET, down 2.14 percent from its previous closin.....

Amplitude (AMPL), DatChat (DATS) stocks trend as markets rebound
September 30, 2021 01:31 AM AEST| By Ipsita SarkarHighlights Amplitude, Inc. (NASDAQ: AMPL) provides digital optimization to connect digital products to business outcomes. DatChat, Inc. provides a free messaging application. Amplitude started trading o.....