SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...» Read More
WINDSOR, Conn. _ SS&C Technologies Holdings Inc. on Thursday reported fourth-quarter earnings of $12.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. SS&C Technologies shares have decreased 19 percent since the beginning of the year.
Cisco reported a better-than-expected quarterly profit, helped by higher demand for its routers and security products.
Former FBI Assistant Director Chris Swecker discusses the implications of the data hacking attempt the IRS reported Tuesday night.
NEW YORK _ Medidata Solutions Inc. on Wednesday reported fourth-quarter net income of $6.8 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Five analysts surveyed by Zacks expected $104.8 million.
LONDON, Feb 10- European shares rebounded back up on Wednesday from two-year lows reached in the previous session, helped by some solid corporate earnings and signs of corporate takeover activity. The euro zone's blue-chip Euro STOXX 50 index gained 0.5 percent, while Britain's FTSE 100 advanced 0.6 percent. Norwegian mobile software company Opera also...
HOUSTON _ Pros Holdings Inc. on Tuesday reported a loss of $17.7 million in its fourth quarter. Five analysts surveyed by Zacks expected $41.8 million. For the current quarter ending in April, Pros Holdings expects its results to range from a loss of 36 cents per share to a loss of 34 cents per share.
DUBLIN, Calif. _ Callidus Software Inc. on Tuesday reported a loss of $2.1 million in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Six analysts surveyed by Zacks expected $46.4 million.
HEALTHCARE SOFTWARE STARTUP ZENEFITS' CEO PARKER CONRAD HAS RESIGNED- COMPANY.
The stocks tracked by the Bessemer Venture Partners Cloud Index fell nearly 20 percent on Friday, reports CNBC's Josh Lipton.
Fully updated iPhones have been permanently bricked after undergoing unauthorized repairs.
Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...
Feb 5- LinkedIn Corp's shares plunged as much as 43 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. Raymond James, Cowen and Co, BMO Capital Markets, J.P. Morgan Securities, RBC Capital Markets and Suntrust Robinson also...
NEW YORK, Feb 5- Dismal sales outlooks from LinkedIn Corp and Tableau Software sent their shares crashing hard on Friday, reverberating through the technology sector. LinkedIn shares plunged as much as 43 percent, wiping out about $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far...
*Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street opened lower on Friday after data showing a surge in wages in January and an eight-year low unemployment rate kept the prospects of a Fed rate hike alive this year. "Judging from the notable 0.5 percent monthly increase in hourly wages, the impressive job creation of recent years may finally be...
*Average hourly earnings rise 12 cents, or 0.5 pct. Feb 5- Wall Street was set to open lower on Friday after data showed U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded. "I'm a little surprised the markets reacted somewhat negatively to it," said Sean Lynch, co-head of global equity strategy at Wells...
Feb 5- U.S. stock index futures were little changed on Friday as investors awaited the January employment report that could provide clues on the Federal Reserve's monetary policy outlook. The data is expected at 8:30 a.m. ET. *Stocks have had a rough start to 2016, hurt by tepid U.S. growth, falling oil prices and concern that the world faces a China- led slowdown.
SHANGHAI— The hundreds of millions of Chinese heading home for Lunar New Year have a relatively new travel option this year: mobile apps to find carpool partners to share costs in what is a novel concept for most Chinese. Software developer Li Jin in Shanghai used one after he had to abort his flight plans because of last-minute work demands, and found that the only...
MORRISVILLE, N.C. _ SciQuest Inc. on Thursday reported fourth-quarter earnings of $1.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. For the current quarter ending in April, SciQuest expects its per-share earnings to range from 7 cents to 8 cents.
Tableau reported fourth-quarter earnings that beat estimates on Thursday, but the stock plummeted double digits in after-hours trading.
Feb 4- Australian Atlassian Corp PLC reported a 44.7 percent increase in quarterly revenue as more customers purchased its software that help companies collaborate and manage their operations. Net income inched up to $5.1 million in the second quarter ended Dec. 31 from $5.0 million a year earlier. Atlassian, which listed on the Nasdaq in December, said revenue...
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Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.