Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC MongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. Here’s how the company did against LSEG consensus: Earnings per share: 70 cents adjusted vs. 49 cents expected Revenue: $478.1 … Read more
The stock market is in a rough patch as of late while investors grapple with macro pressures, upcoming elections and geopolitical tensions. However, investors and their portfolios can hold up in the tumult – if they’re able to ignore the short-term noise and choose stocks with attractive return prospects over the long term. In this … Read more
Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 20, 2024. Brendan Mcdermid | Reuters Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ … Read more
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Spark and AI Summit in San Francisco in April 2019. Databricks Data analytics software maker Databricks said in a statement on Tuesday that it’s acquiring Tabular, a startup that helps optimize data stored in the cloud. The gesture could help Databricks more quickly bring … Read more
We danced around it all week. We called out the many culprits for Salesforce’s weak quarterly results on Wednesday — and subsequent stock plunge — including an elongated sales cycle, a measured economic environment, and the need for more senior executives to check off on products. But one we didn’t call out was the law … Read more
Salesforce executives told investors that deals are shrinking or getting delayed. Dell said its margin is getting smaller. Okta highlighted macroeconomic challenges. And Veeva’s CEO said on his company’s earnings call that generative artificial intelligence has been “a competing priority” for customers. Add it all up and it was a brutal week for software and … Read more
MongoDB CEO Dev Ittycheria. Scott Mlyn | CNBC MongoDB stock sank as much as 26% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year. Here is how the company did, compared to the LSEG consensus: Earnings per share: 51 … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Powell speaks: Two days of testimony from … Read more
