cloud

Big tech earnings mostly surprised to the downside, prompting market analysts to comment that the market leadership is moving away from techs. Although Alphabet, Inc.’s (NASDAQ: GOOGL) (NASDAQ: GOOG) core search business and YouTube experienced weakness, its Cloud business was touted as a...

Snowflake Inc’s (NYSE: SNOW) cloud-native data platform supports multiple use cases, with data driving digital transformation efforts of organizations, according to Needham. The Snowflake Analyst: Mike Cikos initiated coverage of Snowflake with a Buy rating and a price target of $240. The...

Binance's (CRYPTO: BNB) blockchain smart contract project, BNB Chain, has announced a strategic partnership with Google Cloud to promote the growth, performance and innovation of Web3 and blockchain businesses. The Google for Startups Cloud Program will offer rapid access to qualified Web3...

Reports show that a widespread outage at Cloudflare, Inc (NYSE: NET) affected several popular websites in the early hours of Tuesday. What Happened: Cloudflare said it had identified an issue and was implementing a fix. The company said through its systems status website that it was “...

MicroStrategy, Incorporated (NASDAQ: MSTR) was surging more than 10% higher on Thursday in tandem with Bitcoin (CRYPTO: BTC), which was trading almost 5% higher despite the S&P 500 struggling to trade flat. The business intelligence and cloud-based services company, which holds about 129,218...

New Relic Inc (NYSE: NEWR) reported fourth-quarter revenue growth of 19.2% year-over-year to $205.75 million, beating the consensus of $204.52 million. The gross margin expanded by 200 bps to 68.9%. The adjusted gross margin was 71%. Loss from operations for Q4 was $55.75 million, compared to $54....

Twilio Inc (NYSE: TWLO) shares dropped 2.7% on Thursday after the company reported conservative second-quarter guidance. On Wednesday, Twilio reported an adjusted first-quarter EPS loss of $1.23, missing consensus analyst estimates of a 21-cent loss. Revenue for the quarter was $875.4 million,...

The worldwide cloud market grew at a robust clip in the first quarter, and the big three vendors dominated, according to a new report released by Canalys. Cloud Spending Maintains Red-Hot Pace: First-quarter cloud infrastructure spending climbed 34% year-over-year and about 12% from the previous...

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name stocks performed better than others since the pandemic bottom. Microsoft's Big Run: One company that has been a solid...

Snowflake Inc (NYSE: SNOW) shares have been stuck on a downward trajectory since November, but the stock is starting to heat up, trading higher by about 13% since Monday's close.  Although Market Rebellion co-founder Pete Najarian noted he wouldn't buy the...

Snowflake Inc (NYSE: SNOW) shares traded lower by 17% on Thursday after the company reported slowing revenue growth in the fourth quarter. On Wednesday afternoon, Snowflake reported an adjusted fourth-quarter EPS loss of 43 cents, missing consensus analyst estimates of a 2-cent profit. Revenue for...

Alibaba Group Holdings Limited (NYSE: BABA) reported mixed results for its December quarter, sending its shares lower Thursday. Here's a look at how the company's cloud business did vis-à-vis the competition.  Alibaba's Cloud Growth Slows: Alibaba's December quarter...

Credo Technology Group Holding Ltd (NASDAQ: CRDO) is an emerging cloud networking specialist that estimates its addressable market to grow at a compounded annual growth rate (CAGRA) of nearly 49%, according to BofA Securities. The Credo Technology Analyst: Vivek Arya initiated coverage of Credo...

Datadog Inc (NASDAQ: DDOG) reported strong fourth-quarter results on Thursday, sending its shares sharply higher. The Datadog Analyst: KeyBanc Capital Markets analyst Michael Turits upgraded Datadog shares from Sector Weight to Overweight, with a $210 price target, suggesting about...

The big three cloud vendors outperformed the Big Techs this reporting season. Here's a look at how their cloud businesses fared in the quarter. Cloud Spending Buoyant In Q4: Worldwide cloud infrastructure services spending topped $50 billion in a quarter for the first time in the...