Tech Archives - Page 125 of 1385

2 minute read

Cybersecurity Firm Fortinet Q1 Earnings: Product Revenue Falls, Billings Fall, Robust Outlook

May 2, 5:24 PM

Fortinet reported quarterly earnings of 43 cents per share which beat the analyst consensus estimate of 38 cents by 13.16%. Quarterly sales came in at $1.35 billion, beating the analyst consensus estimate of $1.338 billion and representing a 6.97% increase over sales of $1.262 billion from the same period last year.

CRWD

1 minute read

Nintendo’s Switch 2 Rumored To Enhance Battery Life With Adjustable Clock Speeds

By Franca Quarneti

May 2, 5:12 PM

Discover rumors about Nintendo's Switch 2, addressing battery life and performance concerns. Speculated features and anticipated games.

NTDOY

2 minute read

Cloudflare Stock Tanks Following Q1 Results, Subpar Guidance – Here’s Why

By Erica Kollmann

May 2, 5:04 PM

Cloudflare reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 13 cents by 23.08%. Quarterly sales clocked in at $378.6 million which beat the analyst consensus estimate of $373.09 million by 1.48% and represents a 30.47% increase from the prior year's period.

NET

2 minute read

Apple Q2 Earnings Beats Muted Forecast On Services, Mac Strength: Installed Base At Fresh Record, Cupertino Announces Massive $110B Buyback

By Shanthi Rexaline

May 2, 4:45 PM

Apple rounded off the Magnificent Seven earnings of the week, with the tech giant managing to surpass a lowered bar.

AAPL

2 minute read

Block Stock Soars On Q1 Earnings, Strategic Bitcoin Investment: Details

By Erica Kollmann

May 2, 4:35 PM

Block, Inc. (NYSE:SQ) shares rose after the company reported its first-quarter financial results on Thursday.

BTC

2 minute read

Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift

By Piero Cingari

May 2, 4:21 PM

Utilities, once the underperformers, have emerged as the surprise winners in S&P 500's first four months. Tech dipped while utilities surged.

AES

2 minute read

Microsoft’s $75B Acquisition of Activision Cleared of Insider Trading Concerns by SEC

By Anusuya Lahiri

May 2, 2:43 PM

The SEC & Justice Dept found no grounds for charges after investigating Barry Diller, Alexander von Furstenberg & David Geffen's investments in Activision before Microsoft's acquisition.

FTEC

1 minute read

Amazon To Be Guarded By CrowdStrike’s Cybersecurity Tools

By Shivani Kumaresan

May 2, 2:25 PM

Amazon Web Services (AWS) strengthens cybersecurity through a strategic alliance with CrowdStrike Holdings. Embracing CrowdStrike Falcon platform, Amazon fortifies its defenses from code to cloud and device to data, streamlining protection with Falcon Cloud Security and SIEM transformation.

AMZN

2 minute read

Thomson Reuters Triumphs in Q1 Backed by AI Product Roadmap and Strategic Acquisitions

By Anusuya Lahiri

May 2, 1:31 PM

Thomson Reuters Corp reported Q1 2024 revenue growth of 8%, beating analyst consensus, with adjusted EPS of $1.11. The stock gained, driven by 9% organic revenue growth. CEO is confident in their AI product roadmap. Outlook is $7.24-$7.27 billion. Stock up 17% in last 12 months.

AIQ

2 minute read

Tesla Interns Face The Heat Of Musk’s Budget Squeeze

By Shivani Kumaresan

May 2, 11:04 AM

Tesla's abrupt internship offer withdrawals have left students in limbo, scrambling for alternatives. Miami University's Joshua Schreiber shared his shock, losing his offer within hours of receiving flight details. The company's recent layoffs, attributed by employee Diana Rosenberg, add to the uncertainty.

FDIS