Fortinet Inc. posted second-quarter 2022 non-GAAP earnings of 24 cents per share, which surpassed the Zacks Consensus Estimate of 22 cents. The figure is also higher than the year-ago quarter’s 19 cents per share. Total revenues surged +28.6% from the year-ago quarter to $1.03 billion, in line with the Zacks Consensus estimate. Growth was bolstered by solid demand for FortiGate technology...
Cognyte Software posted $86.4 million in Q1 GAAP revenue, thereby falling short of the analyst consensus estimate by nearly 23%. The company incurred a loss of -79 cents per share, while analysts’ had expected earnings of 12 cents a share. In the prior-year quarter, earnings were 20 cents per share. CEO Elad Sharon said he’s “disappointed” with the quarterly results, while he blamed “slow...
Oracle posted its fiscal fourth-quarter results that surpassed analysts' expectations. The software behemoth’s adjusted earnings for the quarter came in at $1.54 per share, well above the $1.37 expected by analysts polled by Refinitiv. Revenue rose +5% from the year-ago quarter to $11.84 billion, topping analysts’ estimates of $11.66 billion. Oracle’s cloud infrastructure business increased...
CrowdStrike Holdings Inc. posted its fiscal first quarter earnings results, that beat analysts’ expectations. The cybersecurity company also boosted its annual guidance. CrowdStrike incurred a fiscal first-quarter loss of - 14 cents a share. Its adjusted earnings came in at 31 cents a share, handily topping the 23 cents a share expected by analysts polled by FactSet. The figure was 10 cents a...
Okta posted its first quarter earnings that exceeded analysts’ expectations. The enterprise identity management company’s earnings came in at ($0.27) per share for the quarter, beating analysts’ consensus estimates of ($0.34), MarketWatch Earnings reports. Revenue surged +65.3% from the year-ago quarter to $414.94 million, compared to the consensus estimate of $388.77 million. Okta updated...
MongoDB posted its quarterly earnings results, that surpassed analysts’ expectations. The database software company’s earnings came in at $0.20 per share for the quarter, beating the consensus estimate of loss of ($1.34), MarketWatch Earnings reports. Revenue for the quarter climbed +57.1% year over year to $285.45 million in the quarter, well above analysts’ expectations of $267.10 million...
Zscaler posted third-quarter fiscal 2022 earnings that topped Zacks Consensus Estimate. The company’s non-GAAP earnings came in at 17 cents per share, vs. Zacks Consensus Estimate of 11 cents per share. The figure is +13.3% higher year over year. Zscaler’s third-quarter fiscal 2022 revenues rose +63% year-over-year to $286.8 million, surpassing the Zacks Consensus Estimate of $271.8 million...
Palo Alto Networks posted its third-quarter fiscal 2022 results, where earnings grew year-over-year and also surpassed Zacks Consensus Estimates. Revenues, too, topped expectations. The cybersecurity company’s non-GAAP earnings rose +29.7% from the year-ago quarter to $1.79 per share, well above the Zacks Consensus Estimate of $1.67. Palo Alto’s fiscal third-quarter revenues of $1.39 billion...
Microsoft posted its third-quarter fiscal 2022 earnings, which rose +9.4% from the year-ago quarter to $2.22 per share, surpassing the Zacks Consensus Estimate by 1.83%. Revenues of $49.360 billion increased +18.4% year over year and exceeded the Zacks Consensus Estimate by 0.81%. On a non-GAAP basis and at constant currency (cc), revenues rose +21% year over year. Adverse forex movement hurt...
Verint Systems reported fourth-quarter fiscal 2022 non-GAAP earnings of 57 cents per share, which fell short of the Zacks Consensus Estimate by 1.7%. The figure is -12.3% lower from the year-ago quarter. Non-GAAP revenues rose +4.1% year over year to $236.2 million, and beat the Zacks Consensus Estimate by 1.8%. GAAP revenues of $234.2 million increased 4% year over year. On a non-GAAP basis,...
Oracle reported third quarter earnings that were weaker than expected. The software giant’s adjusted earnings came in at $1.13 per share, falling short of the Street expectations by 5 cents. Revenues climbed +4% to $10.5 billon. Organic revenue in application subscription products grew 10% to $3.2 billion, and overall organic revenues rose +7%, the strongest in ten years. The company’s Cloud...
On Tuesday, Activision Blizzard shares climbed, after Microsoft announced that it would buy video game maker for close to $69 billion. According to the terms of the all-cash deal, Activision will be valued at $95.00 a share, which is a 45% premium to its Friday closing price. The deal would make Microsoft the world's third largest gaming group behind Tencent and Sony. After the deal goes...
Activist investor Starboard Value LP disclosed an $800 million stake in web services group GoDaddy. Starboard revealed this investment in a Securities and Exchange Commission filing. 6.5% stake was made in part because shares in the group were "undervalued" and therefore were an attractive investment opportunity. GoDaddy reported fourth quarter earnings of 58 cents per share last month,...
Blackberry posted its third-quarter loss of -5 cents a share on a diluted basis, compared with a loss of -23 cents a share in the year-ago quarter. Adjusted earnings, which exclude stock-based compensation expenses and other items, were break-even a share. Analysts polled by FactSet had expected a loss of -7 cents a share. Revenue fell to $184 million from $218 million in the year-ago period...
Oracle reported fiscal second-quarter earnings that surpassed analysts’ expectations. The cloud tech/software company’s adjusted earnings came in at $1.21 per share, compared to $1.11 per share expected by analysts, according to Refinitiv poll. Revenue rose +6% from the year-ago quarter to $10.36 billion, also exceeding the $10.21 billion expected by analysts, according to Refinitiv. Oracle’s...
MongoDB reported fiscal third quarter results that surpassed analysts’ expectations. The database software company’s posted a quarterly loss of -11 cents per share, adjusted, narrower than a loss of -38 cents per share as expected by analysts (based on Refinitiv poll). Revenue rose +50% from the year-ago quarter to $226.9 million, vs. $205.2 million expected by analysts, according to...
Microsoft posted its fiscal first quarter revenue and earnings, both of which surpassed analysts’ expectations. For the period ending Sept. 30,. the technology behemoth’s revenue climbed +22% year-over-year to $45.32 billion, beating the $43.97 billion expected by analysts polled by Refinitiv. The company’s earnings came in at $2.27 per share, exceeding analysts’ estimates of $2.07. Revenue...
Oracle Corp. surpassed earnings expectations for fiscal first quarter. However, the database and cloud behemoth missed analyst estimates for revenue. The company’s non-GAAP earnings came in at $1.03 a share, compared to the 97 cents a share expected by analysts polled by FactSet. Revenue was $9.7 billion, vs. $9.76 billion estimated by FactSet analysts. Oracle CEO Safra Catz in a statement...
MongoDB shares received price-target hikes from several analysts, on the database platform's fiscal-second-quarter results that surpassed expectations. For the quarter ended July 31, MongoDB incurred a loss of -24 cents a share, compared with -39 cents a share loss expected by analysts polled by FactSet. Revenue rose +44% from the year-ago quarter to $198.7 million, beating analysts'...
Shares of the company were at $56.65 as of Monday close.
Citron indicated that "simplicity” has become the key to gaining share in the small and medium sized business market." According to Citron, while Amazon Web Services sells a product that is expensive and “very difficult to use”, DigitalOcean, like Shopify has created an “easy solution” for SMBs.