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Check out which companies are making headlines after the bell Monday:
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Cloud computing is fast becoming as ubiquitous as the clouds circling the Earth. As more and more people depend on “the cloud” to store sensitive data, they also realize it isn’t perfect —and sometimes it fails because of storm surges
Oct 24- Data-storage equipment maker EMC Corp cut its full-year outlook on Wednesday, echoing peers also hurt by tight-fisted customers who are putting off spending amid slow economic growth and ahead of the U.S. presidential election.
Oct 23- Software maker VMware Inc reported third quarter profits that beat estimates as it benefited from continued demand for virtual servers and cloud computing technologies. A division of storage giant EMC Corp, VMware said on Wednesday that quarterly revenue was $1.13 billion and profit, excluding items, was $303 million, or 70 cents per share.
Staving off a disruptive competitor is difficult. Just because a company’s disruptive nature gives it an advantage doesn’t mean its reign will last forever.
Take a look at some of Tuesday's midday movers:
Oct 4- Networking equipment company Cisco Systems Inc said on Thursday it has acquired virtual networking company vCider to defend itself from competitors in the cloud computing business. "In our view, Cisco's dominant share in switching puts it most at risk from SDN adoption," ISI Group analyst Brian Marshall said in a research note.
The S&P 500 rose for a fourth session after a report suggested improvement in the labor market ahead of Friday's closely watched monthly payrolls report. The Nasdaq Composite Index gained 6.10 points, or 0.19 percent, to 3,141.40. **COLLABRX INC, $6.80, up 79.4 pct.
U.S. stocks rose for a fourth session on Thursday following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis and in support of the euro. **COLLABRX INC, $6.9, up 83.3 pct.
U.S. stocks rose at the open after labor market data came in within expectations and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. **NUVASIVE INC, $14.9, down 34 pct.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. Brokerages Canaccord Genuity, Robert W. Baird& Co, Mizuho Securities USA, BMO Capital Markets and ThinkEquity Llc cut their price targets on the stock.
U.S. stock index futures added to gains after European Central Bank President Mario Draghi said growth risks are on the downside and should be contained by effective policymaker action. **NUVASIVE INC, Wednesday close $22.62, down 29.3 pct premarket. **INFORMATICA CORP, Wednesday close $33.63, down 19.7 pct premarket.
target to $27 from $30. target to $20 from $27. target to $33 from $34* RBC cuts VMware Inc to sector perform from outperform; price target to $100 from $115.
Although the macro environment remains uncertain, companies continue to invest in IT infrastructure, VMware’s outgoing CEO Paul Maritz told CNBC’s “Squawk on the Street” on Monday.
Paul Maritz, VMware CEO, and Patrick Gelsinger, VMware incoming CEO, talk about the change in leadership at the tech company and the future of cloud computing, with CNBC's Jon Fortt.
Consumers are facing a ‘cloud runaround,’ reports a contributor from TheStreet.com. It’s the big technology debate of our time, and the winners stand to profit, she says.
Wondering what to extrapolate from IBM earnings? Here’s what traders Dan Nathan and Guy Adami are taking away.