BuzzFeed shares saw a significant increase of up to 83% in early trading on Wednesday following the news that Vivek Ramaswamy, a former Republican presidential candidate, had acquired a 7.7% stake in the company. Ramaswamy plans to engage with the board of directors to discuss potential operational and strategic changes to enhance shareholder value, as … Read more
Juniper Networks’ financial performance declined further in the first quarter, with the exception of its Mist product line which showed positive results. The company faced challenges in other areas of its business, leading to overall deteriorating financial performance. Article Source https://www.sdxcentral.com/articles/analysis/junipers-slide-continues-but-its-acquisition-by-hpe-remains-on-track/2024/05/
Nvidia’s earnings report is highly anticipated this week, as the chipmaker’s performance could impact the direction of U.S. stocks in the near future. With Nvidia leading the way, the semiconductor industry has been thriving in 2024 after a strong showing in 2023. The increasing demand for artificial intelligence has led to a significant surge in … Read more
Cisco Systems, a network hardware giant, exceeded analyst expectations in its quarterly report, but still saw its stock decline. The revenue fell by 13% year over year, even with the help of the acquisition of Splunk, and profits also decreased by a similar amount. The company has been focusing on increasing recurring revenue and reducing … Read more
European stock futures and Asian stocks declined as investors turned their focus to Nvidia Corp.’s upcoming earnings report. US futures were mixed while U.S. 10-year Treasury bond futures stabilized. The Bloomberg Commodity Spot Index hit its highest level since January 2023 on Monday, with gold and copper trading near all-time highs and wheat prices rising. … Read more
Cisco Systems Inc reported fiscal third-quarter results, surpassing Wall Street estimates despite a significant decline in revenue. The company attributed this decline to weak sales from consumers who were installing previously purchased equipment. Cisco anticipates completing these installations by the end of the fiscal year. Despite the revenue drop, Cisco’s shares rose by 8% during … Read more
The Dow Jones Industrial Average is experiencing a downturn as shares of JPMorgan Chase and Cisco are seeing a decrease in value on Monday afternoon. The index was trading 211 points lower at a 0.5% decrease, with JPMorgan Chase and Cisco stocks playing a role in pushing the blue-chip gauge into negative territory. JPMorgan Chase … Read more
The shockwaves from Broadcomâs acquisition of VMware continue to resonate across the entire tech landscape. VMware isnât just another company â its virtualization technology is woven into the fabric of modern IT. The potential for change under Broadcomâs guidance is met with both hopeful speculation and deep-seated worry. Having closely monitored the developments, I want … Read more
VMware, Inc. (NYSE:VMW – Get Free Report) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 3,880,000 shares, a drop of 17.3% from the August 31st total of 4,690,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is … Read more