Oracle Stock Rises on Strong Earnings

Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting more of its business to the cloud during the period. “Simply put, we had an outstanding quarter,” Oracle CEO Safra Catz said on a call with analysts. … Read more

Zscaler stock drops 10% on conservative guidance, as it’s taking longer to close deals

Zscaler Inc. stock fell in the extended session Thursday after the cybersecurity company said longer sales cycles and other headwinds contributed to its conservative guidance, one slightly above the Wall Street consensus. Zscaler  ZS, +8.28% shares dropped 10% after hours, following an 8.3% gain in the regular session to close at $144.50. Zscaler said it … Read more

Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

Nvidia stock fall after U.S. moves to restrict its data-center sales in China

Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission, Nvidia NVDA, -2.42% revealed that the U.S. has installed new license requirements for its A100 and forthcoming H100 integrated circuits … Read more

Okta stock plunges as CEO says ‘short-term challenges’ resulted in workers leaving at a higher rate

Okta Inc. shares plummeted in extended trading Wednesday after executives revealed the software company faced issues stemming from integration of the $6.5 billion acquisition of Auth0. Okta OKTA, +0.26% executives hiked their annual earnings outlook again Wednesday, but kept their target for full-year revenue the same. Todd McKinnon, chief executive and co-founder of Okta, told … Read more

Cloudflare stock rallies 20% following earnings beat, raised revenue outlook

Cloudflare Inc. shares surged in the extended session Thursday after the cybersecurity company reported results that topped Wall Street expectations and hiked its revenue outlook for the year. Cloudflare  NET, +0.12% shares rallied about 21% after hours, following a 0.1% advance in the regular session to close at $58.43. The company reported a second-quarter loss … Read more

The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

DocuSign Stock Tumbles on Cut to Outlook

Text size DocuSign reported fiscal first-quarter earnings well below Wall Street’s estimate. Tiffany Hagler-Geard/Bloomberg DocuSign (ticker: DOCU) shares are sharply lower in late trading Thursday after the e-signature company cut its guidance for the January 2023 fiscal year. DocuSign ’s business thrived during the pandemic, but has been slowing for the last couple of quarters. … Read more

Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

Shares of Snowflake Inc. tumbled in after-hours trading Wednesday after the software company delivered a forecast for the current quarter that came in below expectations at the midpoint and acknowledged that some customers have consumed less than expected due to macroeconomic factors. The company posted a fiscal first-quarter net loss of $166 million, or 53 … Read more

Nvidia Reports Earnings Today. What to Expect.

Text size Nvidia recently said it was slowing down the pace of its hiring. Dreamstime Nvidia reports earnings after the close on Wednesday. While some analysts have expressed concerns over how weakness in the tech sector could impact the semiconductor maker, one analyst believes there may yet be a silver lining. Demand for data centers … Read more