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.
The analysts also hiked the price target raised to a Wall Street-high of $300 a share from $240.
Stifel analysts mentioned that a survey it conducted of CrowdStrike customers reflects the growing customer demand for consolidating security functionalities with CrowdStrike over time as well as extending their CrowdStrike deployments.
Analyst Brad Redback of Stifel said he sees significant room for CrowdStrike to gain new customers.According to Redback, the company over time can boost its customer count to more than 100,000 (that is, nearly 10 times the 11,420 customers the company reported in its January quarter).
Stifel is expecting a greater use of CrowdStrike's Falcon endpoint protection program that should enable the company to reach the higher end of its non-GAAP subscription gross-margin target range of between 77% and 82% faster than investors currently expect.
Oracle shares dropped -5% in extended trading on Tuesday, despite earnings beat. It provided a lower-than-expected guidance on quarterly revenue. The computer tech company also expressed plans to boost capital expenditures for cloud computing workloads. Adjusted earnings for the fiscal fourth quarter came in at $1.54 per share, beating the $1.31 per share expected by analysts, according to...
FactSet poll showed analysts’ expectations of $163.7 million for revenue and $185.4 million for billings.
Looking ahead, Zscaler projects adjusted earnings of 8 cents to 9 cents a share on revenue of $185 million to $187 million for the fiscal fourth quarter, and about 47 cents a share on revenue of $660 million to $664 million for the year.Analysts had expected earnings of 9 cents on revenue of $173.9 million for the fiscal fourth quarter, and 40 cents a share on revenue of $637.5 million for the year.
The cybersecurity company also boosted its guidance for the year.
The company’s fiscal third-quarter non-GAAP earnings came in $1.39 per share, compared to the $1.29 a share expected by analysts polled by FactSet.The company generated revenue of $869.4 million in the year-ago quarter.
Palo Alto Networks is expecting fiscal fourth-quarter revenue in the range of $1.165 billion to $1.175 billion and diluted non-GAAP net income per share of $1.42 to $1.44.
The analyst has a $400 price target on the shares.
Tindle said in a note that Palo Alto Networks "has underperformed significantly year to date, and we previously noted our concern that next gen [annual recurring revenue] guidance did not appear conservative.""
According to Tindle, Palo Alto experienced “a sustained period of healthy growth and operating leverage for the better part of prior CEO Mark McLaughlin's tenure."
Square shares climbed in after-market trading Thursday, following after the company posted earnings beat for the first quarter.
The digital payments company’s adjusted earnings per share came in at 41 cents, handily topping the 16 cents expected in a Refinitiv survey of analysts.
Revenue soared almost four times in the quarter to $5.057 billion, compared to $3.36 billion expected by Refinitiv.
Gross profit climbed +79% year over year to $964 million in the quarter that ended Mar.Cash App gross profit surged +171% from the year-ago quarter to $495 million.
Square generated $3.5 billion in bitcoin revenue, up 11 times year over year.