In October, it replaced former President Mark Anderson with former Google executive Amit Singh.According to The Information, former senior vice president and general manager of Americas sales Patrick Blair also left earlier this year.    

Sprint Corp. incurred a fiscal first quarter loss, but that’s what the Street has been expecting.  The telecommunications behemoth’s loss for the three months ending in June came in at -3 cents per share, compared to positive earnings  of 4 cents per share in the year-ago quarter. Revenues from wireless business declined -3% year over year to $5.3 billion.

The company also got a rating upgrade from analysts at J.P. Morgan.  The cloud technology company’s second-quarter earnings came in at of 20 cents a share, higher than  analysts’ expectation of 12 cents a share.Revenue increased +27% year-over-year to $77.4 million, close to  analysts’ estimates.  What’s more, analysts at J.P. Morgan upgraded Five9 stock to overweight from neutral, while also increasing their price target on the shares to $70 from $59. 

Square shares climbed Friday, following optimistic outlook from a Citi analyst. Citi analyst Peter Christiansen re-iterated a buy rating on the mobile payment/financial services company. This follows Tuesday’s rating upgrade by Raymond James analyst John Davis, to market perform - a significant change from Davis’ bearish stance in January. Citi analyst Christiansen appreciated Square's business debit card potential in his sanguine view on the company.

Microsoft shares climbed Thursday, after Cowen & Co. initiated coverage on the company with an outperform rating and a $150 target price. Cowen analyst Nick Yako indicated that by fiscal 2025, Microsoft can boost its revenue by $100 billion since it is well-positioned in markets like cloud technology and software-as-a-service. According to Yako’s estimates, the tech giant would grow its annual earnings by roughly 15% from fiscal 2020 to fiscal 2025. Cowen’s $150 price target on Microsoft stock represents around 8% upside potential.

Square shares climbed on Tuesday, following a rating upgrade by Raymond James analysts. Raymond James analysts raised their rating on the financial services/mobile payment company to market perform from underperform.Analyst John Davis said that his short thesis from late January has mostly played out, and he is now optimistic on Square’s business-to-business seller card and believes that it could lead to above-expectations performance in H2 2019. Davis also indicated that while Square's performance has fallen behind peers over the last couple of quarters due to disappointing second-quarter guidance, the headwinds for the company have now receded.  

NetApp shares declined on Monday, following a rating downgrade from a Citigroup analyst. Citigroup analyst Jim Suva lowered his rating on the cloud data services company’s stock to sell from neutral.He also slashed the price target to $55 from $67. Suva attributed the rating downgrade to rising competition to NetApp from other enterprise storage vendors.

Oracle’s largest business segment, Cloud Services and License Support, generated $6.80 billion in revenue, beating consensus estimate of $6.76 billion (based on analysts’ poll by FactSet). Looking ahead, Oracle expects earnings in the range of 80 cents to 82 cents per share, excluding certain items, and revenue growth of flat to 2 percent for the first quarter of the 2020 fiscal year.Analysts polled by Refinitiv had predicted 80 cents per share for the quarter on 1.7% revenue growth.  For the full fiscal year 2020, the company projects that earnings per share would experience double-digit growth, and that revenue would grow faster compare to last year in constant currency.

Even as some analysts raised their price targets for MongoDB following the company’s higher-than-expected first quarter results, its shares declined on Thursday. The software company reported a loss of -22 cents per share for the quarter, which is narrower compared to Wall Street expectations of -24 cents loss.The earnings report was also an improvement over the year-ago quarter’s loss of -37 cents a share. Revenue of $89.4 million also came in higher than analysts’ estimates of $83 million. After the release of the quarterly results, analysts at KeyBanc Capital raised their price target on MongoDB stock to $165 from $150 a share.

The agreement also has the provision to let joint users log into services from either company with a single username, so as to get tech support from either company. This move is also consistent with both companies’ aim of moving computing tasks currently handled in their own data centers to cloud providers.Previously, Microsoft has had a deal with German software maker SAP SE and Adobe Inc. to make their services work better together. According to Microsoft’s cloud chief Scott Guthrie, with Oracle’s enterprise expertise, "this alliance is a natural choice for Microsoft, as it is expected to help our joint customers accelerate the migration of enterprise applications and databases to the public cloud.

Box Inc. beat earnings estimates for the first quarter, but issued weaker-than-expected  full-year outlook – leading to its shares plunging -11% during after-hours trading Monday. The cloud software and file sharing company’s quarterly adjusted loss of -3 cents per share was narrower than analysts’ expectations of a loss of -5 cents (based on  Refinitiv consensus estimates). Revenue of $163 million also came in higher than analysts’ anticipated $161.4 million (based on Refinitiv).Revenue jumped+16% from the year-ago quarter. However, for the full fiscal year, Box expects revenue in the range of $688 million to $692 million, lagging the average analyst forecast of $702 million (based on Refinitiv).

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According to a press release, Microsoft and JP Morgan Chase have “signed a memorandum of understanding to form a strategic partnership to accelerate the adoption of enterprise blockchain.” The deal will see Microsoft support JP Morgan’s Quorum distributed ledger platform through their cloud-based Azure Blockchain Service. While the conversation around blockchain in some industries can seem like an exercise in marketing speak, finance has worked to activate its potential to privately and securely transmit sensitive information and continues to develop exciting uses for the technology.Quorum is an especially successful example, offering an “enterprise-focused version of Ethereum” that facilitates high speed, secure transactions “within a permissioned group of known participants” for the financial industry.

In November 2015, tech investor Marc Andreessen weighed in on a hot debate about whether Silicon Valley’s start-ups were frothy from all the cash propping up so-called unicorns, or venture-backed companies valued at $1 billion or more.

Shares of Sprint plunged sharply on Monday and were even interrupted for a brief period following conflicting messages from regulators regarding the company’s projected merger with T-Mobile. Initially, the companies committed to helping the mobile broadband in rural America expand faster and hence the recommended approval came by the Federal Communications Commission of the $26.5 billion merger.Following the news, Sprint’s shares jumped about 27% and T-Mobile’s shares popped almost 7%. But soon after, the said companies received discouraging messages from the Department of Justice (DoJ) over antitrust issues that could potentially threaten the merger.

Sony Corporation SNE 0.04% and Microsoft Corp. MSFT 0.02% announced Thursday afternoon they will partner up on consumer entertainment platforms and artificial intelligence products.

CyberArk Software’s earnings and revenue both surpassed analysts’ estimates for the first quarter, leading to a +7% climb in its shares early Tuesday. The information security software company raked in 56 cents a share on a non-GAAP basis in the quarter, beating analysts’ expectations of 41 cents (per FactSet poll).The EPS was also higher than the year-ago quarter’s 32 cents. Revenue for the quarter, also exceeding estimates, climbed to $95.9 million - compared to year-ago quarter's $71.78 million. Looking ahead, CyberArk expects its second-quarter non-GAAP earnings per share to range between 45 cents and 48 cents, which is higher compared to analysts' expectations of  42 cents (based on surveyed by FactSet survey). Predicting that its full-year non-GAAP earnings would range between $2.10 and $2.16 a share, the company has a more optimistic outlook compared to analysts' forecast of $2 earnings-per-share.

Dropbox earnings and revenue for the first quarter surpassed analysts’ expectations. The file hosting service company reported earnings of 10 cents per share for the quarter, which is higher than analysts’ estimates of 6 cents per share (based on FactSet data).Revenue grew +22% from the same quarter in the prior year. The first quarter also marked the completion of Dropbox’s acquisition of e-signature and document workflow platform HelloSign for $230 million. The company expects revenue for the current quarter to range between $399 million and $401 million, compared to analysts’ forecast of $399.4 million. 

Sprint reported a weaker-than-anticipated fiscal fourth quarter earnings,  owing to a drop in the number of new subscribers. In the three months ended March, the the telecom company incurred a loss of 4 cents per share which is worse than the 1 cent loss that analysts were expecting (according to IBES data from Refinitiv). It suffered a net decline 189,000 phone subscribers during the quarter, compared to a net loss of 117,000 expected by analysts (based on FactSet data). Sprint’s total net operating revenue climbed + 4.4% to $8.44 billion in the fiscal fourth quarter.

GoDaddy Inc. reported first-quarter 2019 adjusted earnings of $0.70 per share, missing consensus estimates by $0.50. The company reported revenue of $710 million, increasing 2% sequentially and 12.1% year-over-year.  Revenue growth was driven by strong performance of its product segments.Moreover, growing subscription of GoDaddy’s mobile-optimized website builder, GoCentral, contributed well to top-line growth during the reported quarter. The company’s customer base reached 18.8 million at the end of the first quarter.