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Technology Stocks
Anduril Uses AI to Secure Borders
Virtual reality wunderkind Palmer Luckey has had a checkered past. He was responsible for setting up Oculus and selling it to Facebook. But soon after, he was involved in the controversy involving trade secret violations surrounding the development of Oculus. That was soon followed by news of his political donations for anti-Hilary campaigns. While there is no confirmation, there is strong belief that his political beliefs were the cause for his exit from Facebook.
>>>GoDaddy Introduces Lending in Partnership with Kabbage
The global internet domain name provider GoDaddy (NYSE: GDDY) recently reported its third quarter results that surpassed market expectations. The market was pleased with its performance, and the stock climbed 10% in the after-hours trading session.
>>>Blackbaud Makes International Charities Accessible
Blackbaud (Nasdaq: BLKB), the leading cloud software company focused on the non-profit sector, recently announced its third quarter results that surpassed all market expectations. The company remains committed to growing its cloud offerings for the sector through product innovation, and this quarter was no different.
>>>RingCentral’s Winning Formula Involves Partnerships
Cloud-based communication services provider RingCentral (NYSE:RNG) has had a stellar year so far. Its stock has nearly doubled since the start of the year and the continuing partnerships don’t seem to be stopping it.
>>>Cloud Stocks: Rapid7’s Focus on Cloud SIEM Pays Off
Early this month, Rapid7 (NASDAQ:RPD), a leading provider of security analytics and automation, reported a strong quarter that beat market estimates yet again for the four times in a row.
>>>Eventbrite Needs to Find Acquisitions
According to an IBIS World report, the online event ticket sales in the US market are expected to grow 6% to $10.3 billion this year. San Francisco-based, Eventbrite (NYSE:EB) recently reported its third quarter performance that delivered mixed results.
>>>Shopify Focuses on Capital Heavy Fulfillment Network
Ontario-based Shopify (NYSE:SHOP) has had a stellar run so far. For the year, the company’s stock has almost doubled. But the recent earnings results were a bit of a disappointment. While revenues continue to outpace market expectations, higher than anticipated spend for international expansion steered the company into a loss. Its stock fell 4% in the after-hours trading session post the result announcement.
>>>Twitter Struggles, Yet Again
The market appears to have lost patience with Twitter (NYSE: TWTR). Recently the company reported its third quarter results that failed to meet market expectations and sent the stock plummeting 19% in the after-hours trading session.
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