cloud computing

ServiceNow Inc (NYSE: NOW) reported second-quarter results, highlighted by a modest billings beat. Revenue grew by 35% year-over-year and subscription revenue was higher by 36% year-over-year. Management lifted GAAP subscription revenue guidance for the full fiscal year from $3.243 billion to $3.25...

Who will be the military’s Jedi master? That’s not a metaphor: The U.S. Court of Federal Claims heard a case Wednesday that will play a part in determining which of the country’s largest cloud computing companies will get to build the future of military data handling; the Pentagon...

The cloud is democratizing access to software and computing resources. With Carggo, freight brokerages can leverage sophisticated matching and pricing engines to grow their businesses at a very low cost. Freight brokerage in North America is undergoing a technological transformation enabled by...

Wall Street analysts gushed over yet another strong quarter from Microsoft Corporation (NASDAQ: MSFT) as investors pumped the computing giant’s stock even higher. Reactions on the Street ranged from astonishment over what one analyst called a “no blemishes” quarter to those no...

Microsoft Corporation (NASDAQ: MSFT) reported a strong third-quarter earnings beat Wednesday on the back of continuing strength in its cloud computing business, coming in at $1.14 per share to top analysts’ estimates by 14 cents. The company also reported quarterly sales of $30.6 billion,...

Momentum in services and growth in the cloud business were bright spots in IBM (NYSE: IBM)’s earnings report, but reactions to the print on the Street were muted, as focus now shifts to Big Blue’s acquisition of open source cloud software company Red Hat. The Analsyts Wedbush’s...

The cloud computing industry is experiencing rapid growth, but for nearly eight years, just one exchange traded fund was dedicated to cloud stocks: the First Trust Cloud Computing ETF (NASDAQ: SKYY). What Happened SKYY got some competition with the Tuesday debut of the Global X Cloud Computing ETF...

AdvisorShares, one of the largest issuers of actively managed exchange traded funds, is adding to its lineup with the debut of the AdvisorShares Sabretooth ETF (NASDAQ: BKCH). The new ETF will invest in companies with exposure to blockchain and cloud computing, two of the fastest-growing corners of...

Shares of American software company Symantec Corp. (NASDAQ: SYMC) were surging nearly 14 percent Tuesday on M&A talk. What Happened Private equity firm Thoma Bravo has expressed interest in acquiring Symantec, according to Reuters, which cited unnanmed sources.  In September...

As founder of both Benzinga and the Detroit Fintech Association, Jason Raznick is well-versed in the space. So much so that Merriam-Webster referenced his definition of “fintech” in its entry on the term. According to Raznick’s definition: “The impact that fintech is making...

Nutanix Inc. (NASDAQ: NTNX) was hit with a downgrade Monday, with Susquehanna citing increased competition and a hazy reception to its subscription model. The Analyst Susquehanna analyst Mehdi Hosseini downgraded Nutanix from Neutral to Negative and lowered the price target from $55 to $33. The...

As Amazon.com, Inc. (NASDAQ: AMZN) evolved from online bookstore to the dominant force in e-commerce, the company had to break up its “monolithic” software, Amazon Web Services' Stephen Orban told the 2018 Benzinga Global Fintech Awards on Wednesday. The effort led to what is now...

Cloud computing software company Nutanix Inc (NASDAQ: NTNX) saw its stock fall nearly 5 percent Friday afternoon. What Happened Nutanix had hoped to launch a public cloud platform in the bottom half of 2018 that would rival industry leader Amazon.com, Inc. (NASDAQ: AMZN)'s AWS, Bloomberg...

While there is much to like about open source software provider, Red Hat Inc (NYSE: RHT), the company appears fully valued at current levels, according to Mizuho Securities.  The Analyst Analyst Abhey Lamba downgraded the company from Buy to Neutral and lowered the price target...

Veeva Systems Inc (NYSE: VEEV), a cloud-computing company focused on the pharma and life sciences industry, is an underpriced asset within the broader SaaS universe, according to Morgan Stanley.  The Analyst Morgan Stanley analyst Stan Zlotsky upgraded Veeva Systems from Equal-weight to...