Mike Wheatley
Latest from Mike Wheatley
Weak guidance sends Five9’s stock down in after-hours trading
Call center software provider Five9 Inc.’s stock took a hammering in after-hours trading today after the company provided weak guidance for the coming quarter and full year. The company did quite well in the quarter just gone, reporting earnings before certain costs such as stock compensation of 39 cents per share. That came in above ...
DigitalOcean’s weak outlook raises concerns of cloud computing slowdown
Developer-focused cloud computing infrastructure provider DigitalOcean Holdings Inc. beat expectations today as it posted its third quarter financial results, but tepid guidance suggests it’s not immune to weakness in the public cloud market. The company reported net income of $9.4 million for the quarter. Earnings before certain costs such as stock compensation, came to 38 cents ...
Graph-relational database startup EdgeDB raises $15M in early-stage funding
Graph-relational database developer EdgeDB Inc. is gearing up for prime time after closing on a $15 million early-stage round of funding ahead of its official launch early next year. Today’s Series A round was led by Nava Ventures and Accel and included participation from a number of well-known tech companies, including Vercel Inc., Google LLC’s ...
Datadog beats Wall Street’s expectations as its revenue grows by more than 60%
Application monitoring software firm Datadog Inc. delivered strong third-quarter financial results today, beating expectations on earnings and revenue, and offered solid guidance for the coming quarter too, but its stock barely moved. The company reported a net loss of $26 million for the quarter, with earnings before certain costs such as stock compensation coming to ...
Twilio’s stock crumbles on poor revenue guidance
Shares of the cloud communications firm Twilio Inc. nosedived in extended trading today after it issued a soft earnings and revenue outlook for the coming quarter. The company did OK in the quarter just gone, reporting a third-quarter loss before certain costs such as stock compensation of 27 cents per share, ahead of Wall Street’s ...
Dropbox delivers on earnings and revenue targets with slow and steady growth
Dropbox Inc. delivered strong third-quarter financial results today, beating Wall Street’s forecasts on earnings and revenue and offering guidance above expectations. The file-sharing company reported earnings before certain costs such as stock compensation of 43 cents per share, with revenue coming to $591 million in the period, up 7.4% from a year earlier. Altogether, the ...
Port raises $7M to abstract away cumbersome DevOps processes
Getport.io Ltd., the creator of a comprehensive developer portal for DevOps, said today it has closed on a $7 million seed funding round. TLV Partners led the investment, which included participation from Jfrog Ltd. founder and Chief Executive Yoav Landman, as well as Check Point Technologies Ltd. co-founder Shlomo Kramer. Port, as the company likes ...
Confluent’s stock rises on solid earnings beat and impressive cloud revenue growth
Big-data company Confluent Inc.’s stock made sharp gains in extended trading today after it posted third-quarter earnings and revenue that beat expectations. It also offered strong guidance for the next quarter. The company reported a loss before certain costs such as stock compensation of 13 cents per share on revenue of $151.7 million in the ...
DevOps company JFrog grows at a healthy clip but investors aren’t impressed
DevOps company JFrog Ltd.’s stock was unable to make up for its losses earlier today as the overall market swooned, despite posting third-quarter financial results and guidance for the fourth quarter that was in line with Wall Street’s expectations. JFrog’s stock fell more than 7% in the hours running up to the report, and stayed ...
Qualcomm warns first-quarter revenues will come up light, sending its stock down
Smartphone chip manufacturer Qualcomm Inc.’s stock declined in after-hours trading today after it issued a poor outlook and warned that it must clear around two months of inventory within its core business. The forecast came after the company posted its fiscal fourth-quarter financial results, which met expectations. The company reported earnings before certain costs such as stock ...