Mike Wheatley
Latest from Mike Wheatley
Highway 9 Networks closes $25M funding to deliver more reliable connectivity to any device anywhere
A startup called Highway 9 Networks said today it’s ready to elevate enterprise connectivity to the next level with the industry’s first-ever “mobile cloud,” which promises to deliver extremely reliable cloud-native mobility and services in any location. The company is launching its mobile cloud platform today after closing on a $25 million funding round led ...
Application observability firm Apica buys telemetry data startup Circonus and adds more funding
Application monitoring and observability startup Apica AB today announced its second acquisition in the space of six months, buying a small telemetry data company called Circonus Inc. for an undisclosed price. The acquisition was revealed alongside a new funding round led by Riverside Acceleration Capital, with participation from existing investors Industrifonden, SEB Foundation, Oxx and ...
RingCentral makes progress toward profitability, but light guidance sends stock lower
Shares of the cloud telephony software provider RingCentral Inc. were trending lower in the extended trading session today, following a somewhat disappointing forecast. Although it beat expectations on earnings and revenue in its latest results, its guidance came up light. The company reported a net loss of $47.2 million in the fourth quarter of fiscal ...
Predibase debuts LoRA Land: 25 open-source LLMs that can be fine-tuned for almost any AI use
Low-code artificial intelligence development platform Predibase Inc. said today it’s introducing a collection of no less than 25 open-source and fine-tuned large language models that it claims can rival, or even outperform OpenAI’s GPT-4. The LLM collection, called LoRA Land, is designed to cater to use cases such as text summarization, code generation and more. ...
Australian supercomputing center deploys Nvidia’s Grace Hopper Superchips for quantum research
Australia’s Pawsey Supercomputing Research Center said today it will deploy eight of Nvidia Corp.’s powerful Grace Hopper Superchips nodes to power its open-source CUDA Quantum computing platform in Perth, as part of its mission to push the boundaries of quantum computing research. The new supercomputer is expected to be able to deliver up to 10 ...
Weak revenue growth, soft guidance send Dropbox’s shares lower
File-sharing company Dropbox Inc. offered weak guidance for the current quarter after only just squeezing past Wall Street’s targets as it delivered its fourth-quarter earnings report, sending its stock down in extended trading today. The company reported earnings before certain costs such as stock compensation of 50 cents per share, just ahead of the analysts’ ...
Applied Materials crushes earnings forecasts and revenue targets on rising demand for AI chips
Shares of Applied Materials Inc., the semiconductor industry equipment manufacturer, traded higher today after the company reported fiscal first-quarter earnings and revenue that came in well ahead of analysts’ expectations. The company reported earnings before certain costs such as stock compensation of $2.13 per share, easily beating Wall Street’s consensus estimate of $1.90 per share. ...
Shares of JFrog jump on solid earnings beat, accelerated revenue growth and bullish outlook
Software supply chain tooling company JFrog Ltd. delivered a convincing earnings beat on the back of impressive revenue growth, and followed up with strong guidance for the current quarter, sending its stock way higher in after-hours trading today. The company reported fourth-quarter earnings before certain costs such as stock compensation of 19 cents per share, ...
Strong earnings, positive guidance sends Informatica’s stock sky-high in extended trading
Shares of the enterprise data management firm Informatica LLC made big gains in extended trading today after it reported strong fourth-quarter results and provided positive guidance for the current quarter and full year. The company’s stock had already risen by more than 2% prior to the report, before shooting up by another 18% after-hours. In ...
Cisco to lay off 5% of its global workforce as stock slides on weak guidance
Cisco Systems Inc. beat Wall Street’s expectations today as it delivered its second-quarter earnings report, but its stock fell in extended trading after it offered light guidance and revealed plans to lay off 5% of its staff, or about 4,250 workers. The company reported earnings before certain costs such as stock compensation of 87 cents ...