Rackspace (RXT) sent out a press release over the weekend warning users of a security incident in the company’s hosted exchange environment. The news has created a frenzy and sent the stock down over 10% so far in Monday morning trading. But, the potential breach at Rackspace isn’t the only reason investors [...]
One of the biggest stories Wednesday morning is Crowdstrike (CRWD), which fell 20% after news of their dismal earnings made waves among investors and analysts alike. The cybersecurity company reported revenue and profit that topped estimates, and earnings were up 135% over the previous year at 40 cents per share. So - what caused [...]
Roku stock has had a rough year on the stock market, sitting 76% lower than this time last year. And, it appears things could be getting worse as one analyst who has been high on Roku stock finally downgraded the company. This sent shares 5% lower early Tuesday morning during pre-market trading, but they [...]
Lyft stock got a downgrade after reporting third-quarter earnings - despite an impressive, record-breaking performance. The stock hasn’t moved too much as a result of all this news. Nevertheless, investors are wondering if the time is up for the ridesharing company - or if there is still reason to hold onto hope. We’ve got [...]
Chinese company Tencent Music Entertainment (TME) enjoyed a nice 26% jump during this morning’s trading session. As of about 12 PM EST, the stock sits at $5.66 - the highest it’s climbed since March of this year. This is the reversal investors have been waiting for, as the company sits about 35% lower than [...]
Doximity - a company that has been referred to as the “LinkedIn of medical professionals” is up over 25% so far today. The social networking site allows doctors to connect with patients for evaluations and check-ins, network with peers, stay up to date on news and research, and more. What happened that resulted in [...]
The crypto world is in a tumultuous state after yesterday’s news of Binance and FTX signing a deal to merge. This merger will result in Binance taking over FTX’s non-US unit at a time when FTX struggles with liquidity. Crypto as a whole is down - including Bitcoin. But today, we’re here to talk [...]
Shopify has made moves this morning after reporting Q3 earnings that were better than anticipated. So far, the cloud-based eCommerce platform is up 18% as of 1:30 pm EST. And while this is definitely a step in the right direction, investors and analysts alike are still not sure the time is quite right for Shopify.Nevertheless, [...]
Netflix stock (NFLX) is a big mover this morning upon releasing its Q3 earnings report Tuesday after market hours. They blew expectations out of the water in terms of net subscriber additions - and they beat estimated EPS and revenue, too. While analysts were projecting $7.85b in revenue, Netflix produced $7.93 in the third [...]
While Snapchat is set to declare 3rd quarter earnings this Thursday, investors and analysts alike are already preparing for the worst. In fact, one analyst out of Deutsche Bank has gone on the record saying he sees very limited upside potential in SNAP stock. Benjamin Black was quoted as saying “We think near and [...]
