cloud computing

Wall Street analysts gushed over yet another strong quarter from Microsoft Corporation (NASDAQ: MSFT) as investors pumped the computing giant’s stock even higher. Reactions on the Street ranged from astonishment over what one analyst called a “no blemishes” quarter to those no...

Microsoft Corporation (NASDAQ: MSFT) reported a strong third-quarter earnings beat Wednesday on the back of continuing strength in its cloud computing business, coming in at $1.14 per share to top analysts’ estimates by 14 cents. The company also reported quarterly sales of $30.6 billion,...

Momentum in services and growth in the cloud business were bright spots in IBM (NYSE: IBM)’s earnings report, but reactions to the print on the Street were muted, as focus now shifts to Big Blue’s acquisition of open source cloud software company Red Hat. The Analsyts Wedbush’s...

The cloud computing industry is experiencing rapid growth, but for nearly eight years, just one exchange traded fund was dedicated to cloud stocks: the First Trust Cloud Computing ETF (NASDAQ: SKYY). What Happened SKYY got some competition with the Tuesday debut of the Global X Cloud Computing ETF...

AdvisorShares, one of the largest issuers of actively managed exchange traded funds, is adding to its lineup with the debut of the AdvisorShares Sabretooth ETF (NASDAQ: BKCH). The new ETF will invest in companies with exposure to blockchain and cloud computing, two of the fastest-growing corners of...

Shares of American software company Symantec Corp. (NASDAQ: SYMC) were surging nearly 14 percent Tuesday on M&A talk. What Happened Private equity firm Thoma Bravo has expressed interest in acquiring Symantec, according to Reuters, which cited unnanmed sources.  In September...

As founder of both Benzinga and the Detroit Fintech Association, Jason Raznick is well-versed in the space. So much so that Merriam-Webster referenced his definition of “fintech” in its entry on the term. According to Raznick’s definition: “The impact that fintech is making...

Nutanix Inc. (NASDAQ: NTNX) was hit with a downgrade Monday, with Susquehanna citing increased competition and a hazy reception to its subscription model. The Analyst Susquehanna analyst Mehdi Hosseini downgraded Nutanix from Neutral to Negative and lowered the price target from $55 to $33. The...

As Amazon.com, Inc. (NASDAQ: AMZN) evolved from online bookstore to the dominant force in e-commerce, the company had to break up its “monolithic” software, Amazon Web Services' Stephen Orban told the 2018 Benzinga Global Fintech Awards on Wednesday. The effort led to what is now...

Cloud computing software company Nutanix Inc (NASDAQ: NTNX) saw its stock fall nearly 5 percent Friday afternoon. What Happened Nutanix had hoped to launch a public cloud platform in the bottom half of 2018 that would rival industry leader Amazon.com, Inc. (NASDAQ: AMZN)'s AWS, Bloomberg...

While there is much to like about open source software provider, Red Hat Inc (NYSE: RHT), the company appears fully valued at current levels, according to Mizuho Securities.  The Analyst Analyst Abhey Lamba downgraded the company from Buy to Neutral and lowered the price target...

Veeva Systems Inc (NYSE: VEEV), a cloud-computing company focused on the pharma and life sciences industry, is an underpriced asset within the broader SaaS universe, according to Morgan Stanley.  The Analyst Morgan Stanley analyst Stan Zlotsky upgraded Veeva Systems from Equal-weight to...

Mortgage application processor Ellie Mae Inc (NYSE: ELLI) is positioned for an increased rate of growth and positive outcomes from its purchase of the cloud name Velocify, according to Barclays.  The Analyst Barclays analyst Saket Kalia upgraded Ellie Mae from Equal-Weight to Overweight and...

Elliott Management and Elliott International disclosed a joint 6.5-percent ownership stake in Akamai Technologies, Inc. (NASDAQ: AKAM) Dec. 15.  The Analyst Morgan Stanley's Keith Weiss maintained an Underweight on Akamai and increased the price target from $46 to $52. The...

After strong performance throughout 2017, VMware, Inc. (NYSE: VMW) remains well-positioned to continue benefiting from favorable industry trends, which bodes well for the stock's prospects in 2018, according to KeyBanc Capital Markets. The Analyst KeyBanc Capital Markets' Alex Kurtz...