Syon Capital LLC recently acquired a new position in International Business Machines Co. (IBM) in the fourth quarter, adding to an increasing trend of institutional investors buying and selling shares of the company. Other firms such as Naples Money Management LLC, Stone House Investment Management LLC, and Financial Gravity Asset Management Inc. have also increased … Read more
Oracle Co. (ORCL) saw its stock price reach a new 52-week high after Argus raised its price target from $145.00 to $159.00 with a Buy rating. The stock traded as high as $143.95 and closed at $143.37. Other analysts also gave their feedback on ORCL, with ratings ranging from “overweight” to “buy.” Director Michael J. … Read more
On June 18, 2024, Rajiv Ramaswami, the President and CEO of Nutanix Inc (NASDAQ:NTNX), sold 23,986 shares of the company according to an SEC Filing. Following this sale, Ramaswami now holds 407,045 shares of Nutanix Inc. Nutanix is a company that specializes in cloud software and infrastructure solutions, allowing organizations to manage apps in any … Read more
RBC Capital maintained its Outperform rating and $80.00 price target on Nutanix (NASDAQ:), following the company’s strong quarterly results that exceeded expectations. The company reported a robust pipeline of larger deals, including a significant eight-figure contract, and benefited from strategic moves like the partnership with Cisco (NASDAQ:). Despite uncertainties around deal closures and sales cycles, … Read more
IBM and VMware have teamed up to make IBM Watsonx available on-premises through VMware Private AI and Red Hat OpenShift, allowing for fast and transparent generative AI capabilities. The partnership aims to bring generative AI into the mainstream as companies look to drive transformative innovation in 2023. Generative AI has various use cases, from code … Read more
HPE stock is surging approximately 15% today following the company’s better-than-expected quarterly financial results. Revenue for the fiscal second quarter reached $7.2 billion, exceeding analysts’ estimates, with earnings per share at 42 cents compared to the estimated 39 cents. Free cash flow also saw a significant increase to $610 million. The company raised its full-year … Read more
Nutanix, a hybrid cloud-computing expert, reported strong third-quarter earnings beating Wall Street’s expectations. However, the stock price took a hit after the company’s fourth-quarter revenue guidance fell short of projections. Despite a 17% increase in sales year over year and an impressive jump in adjusted earnings per share, Nutanix’s revenue guidance for the next quarter … Read more
A Nigerian man who was eagerly awaiting news about an internship opportunity at Microsoft received heartbreaking information that the internship program in Nigeria had been canceled. The man, Lekan Olaoye, shared his disappointment on social media platform X, stating that he had been informed that no candidates would be selected for an internship at Microsoft’s … Read more
NVIDIA is set to undergo a stock split, with shareholders receiving an additional nine shares for every share they own if they acquire them by the end of the trading day. The company recently reported impressive first-quarter earnings for fiscal year 2025, surpassing analyst expectations with earnings per share of $6.12 and revenue of $26.04 … Read more
Broadcom Inc (Nasdaq: AVGO) has experienced strong performance over the past year, but the stock is now considered expensive and less attractive due to a decrease in dividend yield. Recent operating performance shows growth in revenue, but it lags behind other technology companies like NVIDIA. Despite AI tailwinds, Broadcom’s revenue growth was boosted by the … Read more