cloud

Alibaba Group Holding Ltd.'s (NYSE: BABA) Cloud business has lost one of its key customers, impeding progress of this high-growth business. What Happened: Short-video sharing social networking service TikTok, owned by ByteDance, has ceased using Alibaba Cloud services for the former's...

The current tailwinds for Snowflake Inc (NYSE: SNOW) are likely to be secular trends that could drive growth for the foreseeable future, according to Goldman Sachs. The Snowflake Analyst: Kash Rangan upgraded the rating for Snowflake from Neutral to Buy, while raising the price target from $270 to...

Vodafone and Google plan to develop a system called "Dynamo" that will be able to extract and transport data across different countries.  What Happened: Vodafone Group PLC (NASDAQ: VOD) and the cloud division at Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) Google...

Google parent company Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) reported first-quarter earnings Tuesday afternoon. First Quarter Earnings: Alphabet reported revenue of $55.3 billion in the first quarter, beating estimates of $51.7 billion. The total was up 32% year-over-year. Earnings...

Piper Sandler recommends building positions in Coupa Software Inc (NASDAQ: COUP) ahead of its July 2021 analyst day, especially following the recent sell-off. The Coupa Software Analyst: Brent Bracelin upgraded the rating for Coupa Software from Neutral to Overweight, while raising the price target...

Despite Hewlett Packard Enterprise Co’s (NYSE: HPE) stock valuation reflecting pessimism around its business prospects, the company appears poised for revenue, free cash flow, and earnings growth, according to Jefferies. The Hewlett Packard Enterprise Analyst: Kyle McNealy initiated...

Zscaler Inc (NASDAQ: ZS) seems poised to benefit in an “increasingly digital-enabled world” due to its unique cloud proxy security architecture, according to Mizuho Securities. The Zscaler Analyst: Gregg Moskowitz initiated coverage of Zscaler with a Buy rating and a price target of $...

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF (NYSE: SPY) total return over the last 12 months is 66.3%. But there is no question some big-name stocks performed better than others along the way. Microsoft’s...

Rackspace Technology, Inc. (NASDAQ: RXT) has transformed its business by providing multicloud services to hyperscale cloud infrastructure providers. The company has also established a “robust partner ecosystem,” which includes Amazon.com, Inc.'s (NASDAQ: AMZN)...

Microsoft Corporation’s (NASDAQ: MSFT) $21.9 billion deal with the U.S. Army to build customized augmented reality headsets shows the company is tightening its hold over defense deals and gaining share over its rivals, as per Wedbush analyst Daniel Ives. What Happened: Ives said in a note on...

Data cloud company Snowflake (NYSE: SNOW) stands out as one of the select few software companies that face a large growth opportunity, according to Evercore ISI. The Snowflake Analyst: Kirk Materne initiated coverage of Snowflake's stock with an Outperform rating and $311 price target. The...

Nokia Oyj (NYSE: NOK) has landed new partnerships with Amazon.com Inc's (NASDAQ: AMZN) Amazon Web Services (AWS), Alphabet Inc's (NASDAQ: GOOG)/(NASDAQ: GOOGL) Google Cloud and Microsoft Corp (NASDAQ: MSFT) for use of Nokia’s cloud technology. What Happened: Nokia on...

Shares of DocuSign, Inc. (NASDAQ: DOCU) dipped Thursday afternoon after the eSignature solution company reported fourth-quarter results that disappointed some investors. The DocuSign Analysts: Needham analyst Scott Berg maintains a Buy rating on DocuSign with an unchanged $275 price target....

Palantir Technologies Inc (NASDAQ: PLTR) announced Friday its new Enterprise Resource Planning (ERP) system with Amazon.com, Inc. (NASDAQ: AMZN) cloud service platform Amazon Web Services (AWS) will be available to all AWS customers. What Happened: Palantir's ERP Suite...

Big-data analytics company Palantir Technologies Inc (NYSE: PLTR) is scheduled to release fourth-quarter earnings Feb. 16, and the Denver-based company wants to hear from shareholders. What Happened: Palantir opened a shareholder Q&A platform to be used in its upcoming earnings call. The...