Services news

Adobe Inc (NASDAQ: ADBE) shares are down about 4.0% on Wednesday after it reported a blowout quarter, but CEO Shantanu Narayen warned that supply chain issues and a tighter labour market could weigh on performance in the upcoming months. Cramer’s remarks on CNBC’s “Squawk on the Street” Despite…

Marin Software Inc (NASDAQ: MRIN) said late on Tuesday it had entered into an agreement with Google LLC to develop its enterprise technology platform and software products. The revenue share agreement will take effect after the online advertising company’s existing contract with Google terminates on 30th September. Marin Software…

Factors like inflation, delta variant, and the ongoing issues with China made life difficult for investors in recent weeks. But Advisors Capital Management’s Joanne Feeney still sees plenty of stocks that could do well, despite the pessimism. Feeney’s remarks on CNBC’s “Squawk Box” Feeney wants investors to put their…

FedEx Corporation (NYSE: FDX) reported better-than-expected results for its fiscal first quarter on Tuesday. Shares of the company, however, slipped 4.0% in extended trading as it lowered full-year outlook due to supply chain issues and a tight labour market. Donald Broughton’s remarks on CNBC’s “Closing Bell” FedEx is now…

Adobe Inc (NASDAQ: ADBE) reported its financial results for the third quarter on Tuesday that beat Wall Street estimates. Shares of the company, however, fell about 4.0% in after-hours trading as investors focused on recurring revenue that barely topped expectations. Financial performance Adobe said its net income in the…

Fortinet Inc (NASDAQ: FTNT) stock has more than doubled this year already, but Stifel says “there’s a lot of life left at this party”. Stifel assumes coverage of Fortinet with a buy rating On Tuesday, Stifel’s Adam Borg assumed coverage of the cybersecurity company with a ‘buy’ rating…

Shares of Uber Technologies Inc (NYSE: UBER) climbed by more than 10% on Tuesday as the ride-hailing company said it will break even or report a profit on an adjusted basis in the current quarter. Uber expects to hit the milestone ahead of schedule on strong demand after the…

Shares of Spire Global Inc (NYSE: SPIR) closed nearly 6.0% down on Monday as the Evergrande news fuelled a broader market sell-off that resulted in a 2.0% decline in the benchmark S&P 500 index. The move down, however, was short-lived as investors returned to buy SPIR this morning, pushing…

The benchmark S&P 500 index is down a little under 2.0% since the start of September, but Hightower’s Stephanie Link says a “pause” was due considering September is known to be “seasonally weak”. On the bright side, however, she picked two stocks on CNBC’s “Worldwide Exchange” this morning that…

IronNet Inc (NYSE: IRNT) said late on Tuesday its revenue came in lower than last year in the fiscal second quarter. Shares of the company, however, jumped about 30% this morning as investors focused more on the customer count that more than doubled from the same quarter last year.  …

Intuit Inc (NASDAQ: INTU) said late on Monday it will buy Mailchimp for roughly $12 billion in cash and stock. The financial software company will finance its largest-ever acquisition through $4.5 billion to $5.0 billion of new debt and cash on hand. “The acquisition will help small and…

Oracle Corp (NYSE: ORCL) said on Monday its earnings beat Wall Street estimates in the fiscal first quarter. Shares of the company, however, tanked about 4.0% in after-hours trading on weaker-than-expected revenue. Q1 financial performance Oracle reported $2.46 billion in net income that translates to 86 cents per share.

TransUnion (NYSE: TRU) will buy Neustar for $3.1 billion in cash, the credit reporting company announced in a press release on Monday. Bringing the information services firm under its umbrella will help TransUnion expand its footprint in digital marketing and fraud prevention. “The acquisition advances TransUnion’s strategy…

Shares of Cigna Corp (NYSE: CI) are down more than 20% from their year-to-date high in May, and the Bank of America says the prospect of a swift recovery is not very bright either. In a note on Friday, BofA’s Kevin Fischbeck double downgraded Cigna to “underperform” with a…

Affirm Holdings Inc’s (NASDAQ: AFRM) revenue and volume topped Wall Street expectations in the fiscal fourth quarter. Shares of the company are roughly 25% up this morning on upbeat guidance for full-year volume, even excluding the boost from its recent buy-now-pay-later partnership with Amazon Inc. Q4 financial performance…

Zscaler Inc (NASDAQ: ZS) said late on Thursday its loss widened in the fiscal fourth quarter. The IT security company, however, noted growth in revenue on a year-over-year basis. Shares of the company were more than 1.0% up in after-hours trading. Q4 financial performance Zscaler reported $81 million of…

A day after Coinbase Global Inc (NASDAQ: COIN) said the U.S. Securities and Exchange Commission threatened to sue if it went ahead with plans of launching the “lend” product, Requisite Capital’s Bryn Talkington added to her position in the crypto exchange on Thursday.   Coinbase shares are more…

Shortly after Coinbase Global Inc (NASDAQ: COIN) expressed plans of launching a new programme that will let users lend crypto assets to earn interest, the U.S. SEC is set to sue the crypto exchange if such a programme is implemented, Coinbase disclosed this morning. Shares of the $54 billion…

Coupa Software Inc (NASDAQ: COUP) reported its financial results for the second quarter on Tuesday that beat Wall Street estimates. Shares of the company jumped more than 10% in after-hours trading on upbeat guidance for revenue in Q3. Financial performance Coupe said it saw $91.5 million of loss in…

Sports betting stocks have been catching more interest in recent weeks ahead of the NFL season that kicks off this Friday. For anyone still wondering how to play the “sports are back, and so is betting” trade, Jefferies picked the top three names in this niche that it sees as…

Match Group Inc (NASDAQ: MTCH) shares jumped more than 10% in after-hours trading on news it will soon be a part of the S&P 500. The announcement comes only days after CEO Shar Dubey expressed plans of a personal fund aimed at supporting its workers in Texas who…

Hewlett Packard Enterprise Co (NYSE: HPE) on Thursday raised its future guidance despite sales falling slightly short of estimates in the fiscal third quarter. Shares of the company are up 2.0% today. CEO Neri’s remarks on CNBC’s “TechCheck” In his interview with CNBC’s “TechCheck”, CEO Antonio Neri said…