Palo Alto Networks, the global leader in cybersecurity solutions, on Friday reported its financial results for the past quarter and full fiscal year, the last four quarters ending July 31, 2023. The company reported impressive fourth quarter revenue growth of 26% year-over-year, representing total revenue of $2 billion. This strong growth continued throughout the fiscal…
Cisco ends fiscal 2023 with impressive numbers. The latest results for the past quarter and the full year show solid growth compared to the previous year. In the last quarter of 2023, Cisco reported revenue of $15.2 billion, up 16% year over year. GAAP EPS was $0.97, an increase of 43% over the prior year.…
The world’s largest home improvement retailer, Home Depot, missed analysts’ sales expectations in the second quarter of fiscal 2023. Sales decreased 2% from the year-ago quarter to $42.9 billion, compared with consensus of $42.23 billion. Comparable sales, which measure sales in stores that have been open at least one year, also fell 2%. Earnings per…
This evening, Japan will announce its GDP data for the second quarter of 2023. Expectations for robust growth are based on global demand growth for Japan’s exports. Current year-on-year GDP growth is 1.3%, up from 0.4% the previous month. The forecast for this quarter is 2.7%, signaling a remarkable increase. Higher GDP growth promises a…
Shares of the California-based IT security company rose nearly 6% before the stock market opened today. This puts the share price at almost 230 US dollars in pre-market trading – a record value. The US company’s share price closed the previous trading week at 217.24 US dollars. With the more than 15% rise in the…
Shares of the well-known U.S. hardware and software developer rose more than 0.5% before the stock market opened today. This follows on from yesterday’s 1.6% rise in the share price. However, the share has been showing investors a clear upward trend since the beginning of the year and has risen by 44% since the beginning…
The stock of the U.S. semiconductor manufacturer, described in more detail in the last article, jumped more than 26% after the announcement of new financial results last Wednesday, to almost $395 at times, far exceeding the target of $330 mentioned in the last article. The share has thus clearly exceeded the old all-time high of…
The shares of the U.S. chip manufacturer, which is particularly known for its powerful graphics cards, were down more than 1.6% in pre-market trading today (Wednesday). This continues yesterday’s correction of also about -1.6%, a still short-term sentiment dampener for the bulls. Because last week the share was continuously in the green and had gained…
Shares of the well-known U.S. electric carmaker fell 0.7% in pre-market trading today. Yesterday, Monday, the share was up almost 4.9% at the start of the week, continuing the increase since Tuesday a week ago. During this period, the stock has gained almost 15% from around $165 to reach almost $189. The e-car company is…
The share price of game developer Activision Blizzard has been heavily in the red since the end of April. The share price, which was still quoted at almost 87 US dollars on April 25, lost more than 15% at times in a wide downward gap. Although the share price has since recovered by 7%, it…
