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  • Heading into the Week: High-Flying U.S. Markets Show Little Mercy for Earnings Letdowns

    Heading into the Week: High-Flying U.S. Markets Show Little Mercy for Earnings Letdowns

    April 29 has come with a high-stakes scenario for investors as U.S. stocks show intolerance for corporate earnings letdowns, particularly with more tech behemoths due to report. The back of sterling performances from Microsoft and Alphabet boosted the S&P 500 recorded its best week since November, rebounding from the year’s first notable market dip. The index has seen a 7% upswing in 2024 and an impressive 24% since late October last year.

    Yet, not all tech tales are of triumphs, with Meta Platforms facing a stark 10% drop in its shares following a lackluster forecast, and Caterpillar’s shares tumbling by 7% due to a sales warning. As the “Magnificent Seven” — major companies that propelled last year’s market — prepare to release earnings, with Amazon on Tuesday and Apple on Thursday, the anticipation is tangible. Meanwhile, the Federal Reserve is set to unveil its monetary policy statement, adding another layer of investor intrigue.

    Despite a robust half-year market surge, the air is now thin with skepticism, as investors become less forgiving of any earnings missteps. The S&P 500’s valuation stands tall at 20 times forward earnings estimates, eclipsing the historical average and raising the price of disappointment. Tesla’s stock saw a resurgence earlier in the week, with a 12% spike on model news, despite a staggering year-to-date decline, illustrating a market ripe for positive surprises after a bruising year.

    The shadow of rising Treasury yields looms large, with the prospect of future profits being discounted more heavily against the rising allure of government debt. The benchmark 10-year Treasury yield has reached heights unseen since November, fueled by persisting inflation concerns.

    In this earnings season, the majority of S&P 500 companies have bested earnings expectations, but the focus might swiftly shift if bond yields surge or inflation continues to defy expectations. The Federal Reserve’s meeting this week might not bring interest rate changes, but investors are all ears for the Fed’s take on the inflation narrative. The earlier optimism for rate cuts has dimmed, with futures markets paring down expectations significantly since the start of the year.

  • Top 20 AI Stocks To Invest In Now

    As the world continues its push with advanced technologies and smart solutions, the realm of AI continues to prove as being a domain that will dominate the mainstream in the future. The utility it offers, as well as the core advantages it promises, have already been groundbreaking at present, throughout a range of industries and operational areas.

    Healthcare, education, supply chains, production, entertainment, and security are just some of the names that are beginning to see groundbreaking shifts through the incorporation of artificial intelligence. After looking at this enormous growth of artificial intelligence, now investors have also started looking toward AI stocks.

    Given this compelling trend, some of the largest corporate powerhouses have been diversifying their revenue streams and striving to make use of this promising and revolutionary domain. In 2021, investments in AI grew by over 100% since the last year, reaching almost $94 billion.

    As AI continues to expand into different areas, a democratization of the technology will also inevitably take place, allowing small and medium-sized businesses to profit too. In this list, we shed the spotlight on the top  AI stocks that will allow investors an opportunity to cash in on the rapid AI craze. The stocks presented here are the best AI names in the market for the final quarter of 2022.

    AI Stocks

    Types of AI Stocks

    AI stocks come in various forms, each offering a distinct avenue through which investors can ride along the long-term wave. These are great for investors considering where to buy AI stocks from different avenues, enabling them to tap into this exciting sector.

    Some of these are discussed below:

    • Artificial Intelligence Companies

      Investing in established AI companies with a track record of innovation and successful commercialization can provide exposure to diverse AI applications, from autonomous vehicles to healthcare solutions. These make up the most appealing and best AI stocks in the market.

    • Cloud Platforms

      Cloud service providers offering AI infrastructure and tools, like Amazon Web Services (AWS) and Microsoft Azure, present investment opportunities to capitalize on the growing demand for scalable and accessible AI solutions across industries.

    • Virtual Assistants

      Investing in virtual assistant technologies, such as Amazon’s Alexa or Apple’s Siri, can tap into the increasing adoption of voice-activated AI interfaces and the integration of AI-powered assistants in various consumer and enterprise applications.

    • Digital Transformation Technologies

      Market players should consider to invest in AI stocks that are integrated into digital transformation technologies that optimize operations, improve decision-making, and enhance customer engagement, including automation, analytics, and predictive modeling solutions.

    • Neural Networks & Language Models

      Another avenue to invest in AI stocks is through the core technology of AI applications by supporting advancements in neural networks and language models, which power various AI-driven solutions and contribute to the development and deployment of cutting-edge AI systems.

    • Natural Language Processing Tools

      Finally, investors can also consider NLP tools to leverage the importance of understanding and processing human language in AI systems, enabling tasks like sentiment analysis, language translation, and chatbot development, offering opportunities in the growing NLP market.

    Factors to Consider When Investing in AI Stocks

    When seeking the best AI stocks to invest in, it is essential to navigate the market with a comprehensive understanding of the factors at play. These are discussed below as follows

    • Understanding the AI Market Landscape

      Investors should have a clear understanding of the AI market, including its size, growth potential, key players, and emerging trends. This knowledge helps in identifying promising investment opportunities and avoiding companies with limited prospects.

    • Evaluating Company Fundamentals and Financial Health

      Assess the financial strength, revenue growth, profitability, and sustainability of AI stocks, ensuring that the companies demonstrate solid fundamentals for long-term success in the AI industry.

    • Analyzing Competitive Advantage and Differentiation

      Look for AI stocks that possess a unique competitive advantage, such as proprietary technology, intellectual property, partnerships, or a differentiated product or service, which sets them apart from competitors.

    • Assessing Leadership and Management Team

      Evaluate the leadership and management team of AI stocks, considering their expertise, experience, strategic vision, and ability to navigate the complex AI landscape effectively.

    • Monitoring Market Trends and Technological Advancements

      Stay abreast of market trends and technological advancements impacting AI stocks, as the industry evolves rapidly. Investing in companies that adapt to emerging trends and embrace new technologies can position you for long-term success in the AI sector.

    List of AI stocks

    Berkshire Grey Inc.

    To start off our list of AI stocks, we begin with Berkshire Grey Inc., (BGRY) an AI-assisted robotics company.

    Berkshire Grey is not only an AI-assisted robotics company that specializes in supply chain automation but also holds a strong presence in the US and Japan.

    With a focus on automating industrial manual processes, BGRY benefits from tailwinds such as e-commerce demand, competitive pressures, and labor scarcity.

    The company has achieved a 12% compound annual growth rate, and in Q2 2022 alone, experienced remarkable year-on-year revenue growth of 420%.

    With major clients like Walmart, Target, and FedEx, Berkshire Grey is positioned as a leading player in the AI industry with excellent growth potential.

    Microsoft Corporation

    The second stock on our list of AI stocks is the software kingpin, Microsoft Corporation (NASDAQ: MSFT). Microsoft, at this point, is a household name, given its leadership in the operating software domain.

    Microsoft possesses the financial strength and wide reach to extend its influence into the AI space.

    With its AI-as-a-Service approach, Microsoft aims to make AI tools accessible to non-programmers, potentially transforming sectors like healthcare, education, and retail. Azure Cognitive Services, a key project, offers AI packages for integration.

    With substantial cash reserves and liquid investments, Microsoft has the capability to execute its ambitious AI strategy, making it an excellent choice for investors seeking a robust stock with short-term AI leadership potential.

    Snowflake Inc.

    Moving on, we take a look at the cloud-based data platform provider, Snowflake Inc., (NASDAQ: SNOW) a US-based multinational company.

    Snowflake offers a competitive advantage by supporting AI processes and fast analysis of unstructured data.

    With impressive revenue growth of 83% year-on-year and a net revenue retention rate of 171%, Snowflake demonstrates strong customer monetization and a sustainable business model.

    As a result, SNOW is a compelling stock choice for investors looking to capitalize on the AI-led growth wave, backed by its unique technology and market performance.

    C3.ai Inc.

    Next up, at number four on our list is the AI enterprise software company, C3.ai Inc., (NYSE: AI). C3.ai is a company with an international presence valued by the market at $1.6 billion.

    C3.ai specializes in predictive modeling for functions like fraud detection and asset replacement. With a unique partner ecosystem approach, C3 collaborates with industry leaders to deliver industry-specific products, driving two-thirds of its revenue.

    Despite the recent stock performance, its customer count is growing by 50% and topline growth amounts to 38%. Overall, C3 presents an attractive opportunity for investors seeking a potentially undervalued AI stock poised for future growth.

    ZoomInfo Technologies Inc.

    Next up on our list of AI stocks is ZoomInfo Technologies Inc. (NASDAQ: ZI). ZoomInfo leverages AI to deliver smart solutions and maximize efficiency for clients.

    As a market leader with strong pricing power and an impressive 80% gross margin, ZoomInfo stands out in its industry.

    With a growth-oriented business model and a diverse partnership ecosystem including innovative clients like Uber, Shopify, and Zoom, ZoomInfo is poised for substantial growth.

    Guided by a projected 45% growth rate and increased free cash flows, ZoomInfo is an attractive AI stock for investors seeking a rising star with minimal competition and a strong market position.

    Salesforce

    Salesforce Inc. (NYSE: CRM) is an excellent AI investment due to its established record of innovation and growth. As a CRM market leader, it has become a prominent provider of AI-powered solutions.

    With its AI platform, Einstein, businesses of all sizes enhance customer relationships, sales, marketing, and service.

    When considering where to invest in AI stocks, Salesforce is compelling given its history of innovation, a vast customer base of over 150,000 clients for extensive data training, diverse AI solutions like Einstein Vision and Discovery, and strong financial performance.

    With these factors, investors seeking AI exposure should consider Salesforce for long-term growth potential.

    Okta

    Okta is an attractive AI investment as a leading provider of AI-powered identity and access management (IAM) solutions. With a large and growing IAM market, Okta’s strong competitive position and financial performance make it a compelling choice.

    The company’s focus on innovation, broad customer base, and strategic partnerships with major tech companies further enhance its growth potential.

    Investors seeking AI exposure should consider Okta for its industry leadership, innovation-driven approach, and wide customer reach, making it a solid investment opportunity.

    Nvidia

    The computing and graphics giant, NVIDIA Corporation (NASDAQ: NVDA) worth almost $1 trillion is another phenomenal AI pick to consider.

    NVDA’s data center revenue has been surging due to AI’ total addressable market expansion and a new product cycle, despite weaker enterprise/cloud spending.

    Moreover, supply is increasing significantly for data center-related products, positioning NVDA to capitalize on generative AI demand. This makes NVDA a prime option for those considering where to invest in AI stocks.

    Nvidia’s robust enterprise demand for AI and accelerated computing outweighs macro headwinds, and NVDA’s H100 chip is preferred for AI training and inference.

    The company also boasts high-profile partnerships with Meta, Microsoft, Google, and Oracle, which is further fueling NVDA’s growth.

    As the AI market expands, NVDA’s position in generative AI and accelerated computing makes it an enticing investment with expectations of continued growth and higher stock performance in the upcoming quarters.

    BigBear.ai

    BigBear.ai Holdings (NYSE: BBAI) is a promising investment due to its fast growth and strong alignment with AI and machine learning.

    With a focus on autonomous systems, cybersecurity, and supply chain logistics, BigBear.ai offers valuable customer insights.

    By leveraging big data, the company empowers customers to make informed decisions and achieve their operational objectives effectively.

    With its diverse range of services and a commitment to leveraging AI technologies, BigBear.ai is well-positioned to capitalize on the growing demand for data-driven solutions, making it an attractive investment opportunity.

    Vertiv Holdings

    Vertiv Holdings (NYSE: VRT) presents a compelling investment opportunity due to its strong presence in the data center market.

    With NVIDIA’s positive comments on the exponential growth of generative AI, Vertiv’s expertise in areas like thermal management and control positions it well to benefit from the shifting data center landscape.

    As the demand for accelerated computing driven by generative AI intensifies, existing data center capacity will need to be optimized and repurposed.

    Vertiv is poised to capitalize on this trend as data center operators strive to extract more computing power from tight spaces and increase rack densities.

    With a growing market and increasing computing requirements, Vertiv stands as a promising investment in the data center industry.

    SentinelOne

    SentinelOne (NYSE: S) is yet another exceptional investment choice in the dynamic cybersecurity sector.

    With its AI-driven autonomous endpoint protection and strategic partnerships with industry giants like Amazon Web Services and Microsoft, the company is well-positioned for robust growth.

    In Q4 2022, SentinelOne achieved an impressive 92% YoY revenue growth, showcasing its resilience and financial prowess.

    With its Singularity platform and strategic acquisitions, SentinelOne is a frontrunner in the rapidly expanding cybersecurity market, projected to reach $266.2 billion by 2027.

    Although facing competition and evolving threats, SentinelOne is expected to outperform market expectations, making it an attractive investment opportunity.

    Digital Realty

    Digital Realty (NYSE: DLR) is an excellent AI investment due to its global presence in data centers, positioning it to benefit from the AI revolution. Unlike many AI-focused tech stocks, DLR offers investors a meaningful yield, making it an attractive choice.

    With over 5,000 customers, including industry giants like Microsoft and Meta Platforms, DLR provides colocation and interconnection solutions across 28 countries and 300 facilities.

    Following its acquisition of Telx, DLR’s expanding international footprint solidifies its position as a top data center provider. As AI continues to evolve, DLR stands to gain from the incremental growth opportunities in this nascent field.

    Marvell Technology

    The data infrastructure and semiconductor company, Marvell Technology (NYSE: MRVL) is a compelling AI investment based on its strong performance and optimistic outlook.

    The company’s recent earnings release showcased significant growth in AI-related revenue, with management raising guidance and projecting a CAGR of 100% in AI revenue from FY23 to FY25.

    Marvell’s leading solutions in networking, including PAM4 optics and DSP, are well-positioned to support the increasing demands of AI data centers.

    With cloud service providers retooling their architecture and the importance of AI rapidly rising, Marvell stands to benefit from this substantial opportunity. The company’s focus on bandwidth and cloud-optimized solutions further solidifies its position in the AI market.

    iRhythm Technologies

    iRhythm Technologies (NASDAQ: IRTC) presents a strong investment opportunity in the AI space due to its leading position in the US ambulatory cardiac monitoring market.

    Moreover, IRTC’s unique tech, Zio monitors, which runs with advanced AI and machine learning algorithms, enables high-precision detection of arrhythmias.

    The innovative Zio XT and Zio AT patch monitors provide extended wear time and incorporate Bluetooth technology for mobile cardiac telemetry.

    These advancements improve efficiency and diagnostic capabilities, reducing the need for inconclusive tests. Despite short-term challenges, iRhythm’s compelling long-term outlook, revenue expansion opportunities, and profitability potential make it an attractive investment.

    Advanced Micro Devices

    Advanced Micro Devices (NASDAQ: AMD) is a compelling AI investment due to its strong position in the semiconductor market and its focus on AI capabilities.

    The company’s upcoming AI event is expected to drive further momentum for the stock, and AMD’s CEO Lisa Su has demonstrated a long-term commitment to the competitive semiconductor market.

    With increased investment in research and development, AMD is well-positioned to capitalize on the growing demand for AI tools and chips.

    The company’s expansion in the server and desktop markets, along with its strategic acquisitions, indicate its growing popularity and potential for market share gains.

    As the demand for AI continues to rise, AMD has the potential to become a significant player in the AI chip market, further driving its growth.

    AudioCodes

    AudioCodes (NASDAQ: AUDC) presents a potential AI investment opportunity due to its Voice AI business line.

    The company is investing considerably in developing conversational AI capabilities, which can enhance customer satisfaction by integrating telephony channels into text-based chatbots.

    With strong growth projected in this segment, AudioCodes is well-positioned to benefit from increasing demand for Voice AI solutions.

    The company’s competitive advantage lies in its lack of strong competitors in this field and the potential to connect its Voice AI product to cognitive services like ChatGPT.

    If a fraction of ChatGPT’s vast user base chooses AudioCodes’ devices, it could lead to a significant sales boost.

    Shutterstock

    Shutterstock (NYSE: SSTK), the illustrative and digital content provider, presents a promising AI investment opportunity due to its strategic partnership with OpenAI.

    This collaboration allows OpenAI’s tools to be integrated into SSTK’s platform, enabling customers to generate AI content based on keyword inputs. The partnership has already shown significant results, with increased subscriptions and content on the platform.

    By leveraging the current interest in AI, this partnership provides SSTK with marketing advantages.

    If SSTK can successfully convert a portion of the new platform users into customers of their other product offerings, the partnership will not only yield short-term benefits but also provide long-term advantages of being seamlessly integrated with AI technology.

    Accenture

    Accenture (NYSE: ACN), the professional consultancy, is a stock that presents a compelling AI investment opportunity due to its collaboration with Salesforce to accelerate generative AI deployment in CRM technologies.

    This partnership demonstrates Accenture’s commitment to AI innovation and positions it as a leader in implementing and optimizing AI solutions.

    By establishing an acceleration hub for generative AI, Accenture, and Salesforce aim to streamline and enhance CRM capabilities for clients across industries.

    Additionally, Accenture’s acquisition of Flutura, an industrial AI company, strengthens its AI capabilities in the industrial sector, allowing it to deliver more value to clients and capitalize on the growing trend of digital transformation and sustainability.

    These initiatives have the potential to drive increased revenues and profitability for Accenture, making it an attractive pick among AI stocks.

    NICE

    NICE ltd. (NASDAQ: NICE) is positioned as a strong player in the field of conversational AI, which presents an exciting opportunity for investors.

    The company’s custom-built AI engine, Enlighten, integrated into its CXone platform, showcases its commitment to leveraging AI technology in customer experience management.

    NICE’s focus on cloud adoption and improving cloud margins is a positive sign, indicating its ability to capitalize on the AI-driven digital transformation wave.

    While there may be challenges associated with AI’s impact on margins and profitability, NICE’s innovative approach and industry-specific domain expertise make it well-positioned to succeed in the AI space.

    By closely monitoring NICE’s financial performance and market adoption, investors can potentially benefit from its growth potential in the AI sector.

    Machine Learning Stocks

    Machine Learning Stocks

    While AI has all its factors of appeal and dynamic strengths, the following are some powerful AI picks that excel specifically in the machine learning realm:

    • AdTheorent Holding Company, Inc. (NASDAQ: ADTH)
    • AgileThought Inc. (NASDAQ: AGIL)
    • PagerDuty Inc. (NYSE: PD)
    • Semantix Inc. (NASDAQ: STIX)
    • Kubient Inc. (NASDAQ: KBNT)

    Investment Strategies for AI Stocks

    Setting appropriate investment strategies for AI stocks is crucial to maximize returns and manage risks effectively in the dynamic and rapidly evolving AI market, ensuring alignment with your financial goals and risk tolerance.

    Investment Strategies for AI Stocks

    • Long-Term Investing vs. Short-Term Trading

      It is crucial to determine your investment horizon and risk tolerance to decide between long-term investing or short-term trading strategies.

      For long-term investors, focus on the potential growth and fundamentals of AI stocks, while short-term traders may capitalize on market volatility and short-term price movements.

    • Diversification and Portfolio Allocation

      Investors targeting the AI sphere should spread their investments across a range of AI stocks to manage risk effectively

      Diversification helps mitigate the impact of individual stock volatility and industry-specific risks, creating a balanced portfolio that can weather fluctuations in the AI market.

    • Dollar-Cost Averaging

      Investors may also employ dollar-cost averaging by regularly investing a fixed amount in AI stocks over time.

      This strategy helps reduce the impact of short-term market volatility, allowing investors to accumulate shares at different price points, potentially leading to a more favorable average purchase price.

    • Setting Realistic Investment Goals

      It is also critical for investors to define clear and realistic investment goals aligned with their risk tolerance and broader financial objectives.

      One must consider factors like expected returns, time horizon, and desired level of involvement to guide your decision-making when evaluating the question “Is AI a good stock to buy”.

    • Monitoring and Rebalancing Portfolios

      Investors should continuously monitor AI stocks and their performance against their investment goals.

      To do this, one must periodically rebalance their portfolio by adjusting allocations based on changing market conditions or maintaining the desired risk-return profile, ensuring the investments remain aligned with the investment strategy.

    Future Trends and Growth Opportunities in the AI Industry

    Knowing about future trends and growth opportunities in the AI industry is crucial for informed decision-making and positioning investments to capitalize on emerging technologies and market shifts.

    Future Trends and Growth Opportunities in the AI Industry

    Knowledge of these trends would allow AI investors to maximize the potential for long-term profitability and stay ahead in the competitive AI landscape. The following are the most important trends to keep track of in the present age:

    • AI Adoption in Healthcare and Medicine

      The increasing adoption of AI in healthcare presents investors with opportunities to support innovative solutions for a range of healthcare-related functions.

      These include diagnostics, personalized medicine, drug discovery, and telemedicine, as the industry seeks to improve patient outcomes and operational efficiencies.

    • AI Applications in Autonomous Vehicles

      The integration of AI in autonomous vehicles opens avenues for investment in a number of lucrative domains.

      The most phenomenal of these is the self-driving car concept and intelligent transportation systems. Together these are set to revolutionize the transportation industry, improving safety, efficiency, and mobility while transforming the way people & goods are transported.

    • AI in E-commerce and Personalized Recommendations

      AI’s role in e-commerce offers investment potential, as AI-powered recommendation engines enhance customer experiences, enable targeted marketing, and optimize supply chain management.

      These transformations are contributing to surges in sales growth and customer loyalty in the competitive e-commerce landscape.

    • AI-driven Automation and Robotics

      Investments in AI-driven automation and robotics technologies cater to the growing demand for enhanced productivity and efficiency across industries.

      These solutions automate repetitive tasks, optimize operations, and drive cost savings, making them attractive investment prospects.

    • AI for Natural Language Processing and Virtual Assistants

      Natural language processing and virtual assistants are experiencing significant growth, driven by the increasing demand for voice-controlled devices and conversational AI.

      Investing in AI technologies that understand and interact with human language opens opportunities in areas such as customer service, virtual agents, and voice-activated applications.

    Conclusion

    AI is, by every market analyst’s estimation, proving to be a revolutionary game-changer for a wide array of different industries. This opportunity is not something present only in the distant future, but is already prevalent in different forms throughout different areas, resulting in groundbreaking results.

    For this reason, investors would do well to consider immediate investment in the most promising stocks that hold substantial exposure to AI. The AI stocks listed in this list are each highly promising and are very likely to be flying in the final quarter of 2022.

    Frequently Asked Questions

    Where To Buy AI Stocks?

    AI stocks can be bought from online brokerage platforms and traditional brokerage firms. They provide investors with accessible options to participate in the growth of the AI industry.

    Is AI A Good Stock to Buy?

    AI is a good stock to buy due to its potential for growth and innovation, with increasing adoption across industries and the transformative impact of AI technologies on various sectors.

    Where To Invest in AI Stocks?

    Investors can consider investing in AI stocks through stocks of AI-based application companies, cloud platforms, virtual assistant applications, neural networks, or natural language processing systems.

  • Microsoft Corp. (MSFT) in the Green on Latest Earnings Amid Steep Drop of the Tech-heavy S&P 500 & Nasdaq

    Tuesday, April 26, proved to be a gloomy day for tech stocks with a steep decline in the tech-heavy index, Nasdaq as well as S&P 500 adding woes. Amid the decline, Microsoft Corp. (MSFT) witnessed a push-up in the after hours on its latest earnings report. The company reported better-than-expected results for the fiscal third quarter of 2022 on April 26, after the bell.

    Source: Cision

    Consequently, the stock saw an uptick of 4.51% in the after-hours following a decline of 3.74% prior to the earnings release. Thus, MSFT was trading at a price of $282.40 a share in the after-hours while 9.39 million shares exchanged hands.

    MSFT’s Earnings Overview

    For the quarter ended March 31, 2022, the tech giant posted revenue of $49.4 billion which marked an increase of 18% YOY. Consensus estimates placed the revenue at $49.03 billion for the quarter.

    Moreover, the company also surpassed its earnings estimate of $2.18 a share with the reported earnings being $2.22 per share. Up 14% YOY, the earnings per share improved from $2.03 last year.

    Furthermore, the net income of the quarter was $16.7 billion which grew by 13% YOY on a non-GAAP basis while the operating income increased by 19%.

    In addition, MSFT returned 25% more value to shareholders in the quarter in the form of $12.4 billion in share repurchases and dividends.

    Despite continued headwinds expected from the war in Ukraine and spiking inflation while China suffers from Covid-related lockdowns, the company’s Q4 fiscal 2022 guidance exceeded expectations as well. Guidance surpassed estimates in all of the segments discussed during the earnings call.

    What’s going on with the market?

    Wall Street ended steeply low on Tuesday as Nasdaq, S&P 500, and all major indices slumped amid investors’ worry over slowing global growth and the aggressive Federal Reserve. A major contributor to the downfall was Tesla on the Twitter deal while Alphabet was disappointed on its earnings. Among the falling giants was Apple as well, which declined prior to its earnings.

    This decline in the tech-heavy index comes at a peak earnings season with over 80% of reported earnings being better-than-expected. But this earnings spree is overshadowed by the ongoing fears in the market.

    Conclusion

    In spite of the ongoing instability, investor frenzy, Geopolitical crisis, global supply chain constraints, spiking inflation, and Covid reemergence, MSFT is bullish on its outlook.

  • Microsoft Corporation (MSFT) gained in the after-hours; here is why?

    Microsoft Corporation (MSFT) gained in the after-market following its announcement of results for the second quarter of fiscal 2022. MSFT stock values at $292, gaining more than 1.22% from the previously closed value. At the end of the last trading session, the stock closed at around $288.49. The stock volume traded in the previous trading session was around 34.90 million shares.

    Highlights of Q2 2022

    • Microsoft Corporation (MSFT) reported $51.7 billion in sales, a 20 percent gain compared to Q2 of 2021.
    • Microsoft reports an operating income of $22.2 billion, showing a 24% gain over the Q2 of 2021.
    • Net income was $18.8 billion, demonstrating a 21% raise over the Q2 of 2021.
    • The diluted earnings per share are $2.48, shows a 22% gain compared to Q2 of 2021.
    • According to Microsoft, solid marketing, as evidenced by bookings led by long-run Azure contracts, helped Microsoft Cloud sales climb to $22.1 billion, a 32% gain.
    • Processes generated sales of $15.9 billion, showing a 19% gain over the previous year.
    • Intelligent Cloud sales were $18.3 billion, showing a 26% growth.
    • Personal computing gained $17.5 billion in sales, indicating a 15% gain.
    • In the second quarter of the fiscal year 2022, Microsoft repaid $10.9 billion to shareholders in the form of share repurchases and dividends, indicating a 9% increase over the same period in the fiscal year 2021.

    The effect on the stock gain

    As soon as Microsoft announced its results for the quarter of 2022, its stock surged. Investors responded positively to the numbers and significant business developments in Q2 of 2022.

    Conclusion

    Microsoft will soon announce the outlook for 2022. But its increased revenue from cloud-based services is the hook that could make the investors not to ignore its stock. Cloud services are in tremendous demand, and its massive increase in this segment of its business seems promising.

  • The Three Best Cloud Computing Stocks to Buy in 2021

    The Three Best Cloud Computing Stocks to Buy in 2021

    The technological rift in the industries has made cloud stocks investors’ favorite.

    The cloud computing companies are growing at an escalating speed as cloud computing services are in high demand. One of the few segments which benefited heavily from the global pandemic is cloud software.

    However, the stock market is a bit different and it moves on to various factors. We have many emerging stocks from the cloud sector and some old-lady techs that are developing power in cloud computing Google and Microsoft are prominent examples. So, let’s have a look at the three best cloud computing stocks to buy in 2021.

    Microsoft (MSFT)

    Microsoft (MSFT) is the leading firm in computing software and cloud software services. The company is significantly developing its roots into commercial cloud traction. More importantly, Microsoft’s exposure to all layers of the cloud stack makes it the top investment.

    Recently, the company reported that it is set to invest in a Data Innovation Centre of Excellence in Canada. The objective of this investment is to support local businesses to integrate digital transformation. Moreover, Microsoft (MSFT) will also add an Azure Edge Zone in Western Canada to strengthen its cloud presence in the country.

    Microsoft’s commercial cloud business includes Office 365, Azure, LinkedIn Commercial, and Dynamics. All these cloud segments are worth $60 billion of business. According to Goldman Sachs analyst KashRangan, Microsoft is well-positioned to double in size or even get bigger between $120 billion and $140 billion in the long run.

    Magnite (MGNI)

    Magnite (MGNI) is an online advertising technology firm based in LA, California. The company has massively advanced with the enhancement of digital advertising technology. Magnite offers its cloud-based services that help production studios and TV services with monetization via ads.

    Recently, the company announced a new, state of art data center facility in Singapore. This will lead Magnite to unify its ecosystem for all media segments in the core of the Asia-Pacific (APAC) region. This investment will support the rapid growth in digital advertising services across the region. Moreover, the company will also stamp its authority in the global leadership in CTV and omnichannel digital advertising.

    Magnite (MGNI) is swiftly growing and developing into a bigger cloud firm. So, investors should have a good look at the company.

    Splunk (SPLK)

    Splunk (SPLK) is a US-based firm that produces software for searching, monitoring, and analyzing machine-generated big data through a Web-style interface. Currently, the stock is trading in the downside swing. This is the time to buy the stock and hold it.

    Splunk’s shares have attracted valuation and offer long-term investors a reasonable risk-reward investment opportunity. It’s the kind of risk worth taking. SPLK is one of the few big data pure plays in the market.

    As of December 2020, Splunk (SPLK) was in 47 hedge funds’ portfolios, whereas, its all-time high is 49. The hedge funds are interested in building a portfolio of Splunk more than ever before. So, go with it and hold it.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The Nasdaq Composite and S&P 500 stocks closed at record highs on Monday amid fluctuations in technology stocks, while investors awaited the release of multiple financial reports.

    The Nasdaq rose 92.93 points, or 0.7%, to 13635.99 points at the end of the volatile session. The index jumped 1.4% early in the day, then dropped 1.3% and then recovered. At the same time, there were no clear catalysts for such dynamics of the index.

    The S&P 500 added 13.89 points, or 0.4%, to 3855.36 points. The Dow Jones Industrial Average fell 36.98 points, or 0.1%, to 30960.00 points. Investors are worried about disruptions in the supply of Covid-19 vaccines. Pharmaceutical giant Merck has announced that it is ending work on a Covid-19 vaccine due to disappointing test results. Thus, a major participant dropped out of the race to create an effective vaccine. Meanwhile, its competitor, AstraZeneca, warned on Friday that shipments of its vaccine to the European Union would fall short of forecast.

    Vaccination problems and the spread of new strains of coronavirus have contributed to the recent rally in technology stocks. Tech corporations should benefit from this situation, as companies and employees who have switched to telecommuting are increasingly using digital technology.

    Corporate News

    Tech stocks were volatile. Apple shares gained 2.8%. Shares of data scientist Palantir Technologies, which is due to present its software on Tuesday, jumped 11.0% after posting a 21.0% gain throughout the day.

    Twitter and Etsy were down 0.5% and 2.2%, respectively, while rallying in early trading. Among the outsiders in the United States were also shares of financial and oil and gas companies. Chevron lost 0.9%, Goldman Sachs – 2.2%, which affected the DJIA.

    Meanwhile, shares of Kimberly Clark, a maker of Kleenex wipes and Huggies diapers, rose 3.3% after it forecast net sales to rise in 2021. It also raised its quarterly dividend and announced a new $ 5 billion share buyback program. Shares of special-purpose M&A firm TS Innovation Acquisitions, part of the Tishman Speyer real estate group, jumped 44.0%.
     The yield on the 10-year US Treasury bond fell from 1.090% on Friday to 1.038%.

    Today Top Movers

    Adamas Pharma (ADMS), a drug manufacturer company, soared about 15.35% ‎at $5.86 in pre-market ‎trading Tuesday. The FDA decision on the expanded use of Adamas Pharma’s lead drug GOCOVRI is expected on February 1, 2021.‎

    ‎Arcimoto Inc (FUV) share price jumped 2.29% to $21.85 during the early morning ‎trading session on ‎Tuesday after the company revealed that it has reached an agreement to acquire Tilting Motor Works.

    ‎US Well Services Inc (USWS) stock ascended 13.08% at $1.10 in the pre-market trading today after receiving notice from the Nasdaq stock market that it has regained compliance with Nasdaq Listing Rule 5550(b)(2).

    ‎Phunware Inc (PHUN) gained over 21.37% at $1.76 in pre-market ‎trading as Today Phunware COO Randall Crowder will be presenting at the Proactive Investors One2One Investor Forum about the company’s 2021 roadmap for the commercial launch of its blockchain-enabled customer data platform and mobile loyalty ecosystem.

    Top Upgrades & Downgrades

    Goldman Sachs turned bullish on DraftKings Inc. (DKNG), upgrading the stock to “Buy” and assigning a $65.0 price target, representing a potential upside of 26.73% from Monday’s close.

    FVCBankcorp Inc. (FVCB) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $19.0, suggesting 20.03% additional upside for the stock.

    Colgate-Palmolive Company (CL) received an upgrade from analysts at Berenberg, who also set their one-year price target on the stock to $76.0. They changed their rating on CL to Hold from Sell in a recently issued research note.

    Earlier Tuesday BMO Capital reduced its rating on Sonoco Products Company (SON) stock to Market Perform from Outperform and assigned the price target to $65.

    RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for BlackBerry Limited (BB) has been changed to Underperform from Sector Perform.

    Analysts at Goldman Sachs downgraded Delek US Holdings Inc. (DK)’s stock to Sell from Neutral Tuesday.

    Latest Insider Activity

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Jan 22 at $275.79 for some 55,869 shares. The total came to more than $15.41 million.

    Twitter Inc. (TWTR) Engineering Lead Montano Michael sold on Jan 20 a total 664,770 shares at $46.23 on average. The insider’s sale generated proceeds of almost $0.1 million.

    The Blackstone Group Inc. (BX) 10% Owner Blackstone BDC Holdings LLC declared the purchase of shares taking place on Jan 07 at $25.00 for some 997,940 shares. The transaction amount was around $24.95 million.

    Arcadia Biosciences Inc. (RKDA) Chief Executive Officer Plavan Matthew T bought on Aug 03 a total of 14,285 shares at $3.16 on average. The purchase cost the insider an estimated $1,849.

    Important Earnings

    Top US earnings releases scheduled for today include General Electric Company (NYSE: GE). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.09 per share from revenues of $21.83B in the three-month period.

    Analysts expect Advanced Micro Devices Inc. (NASDAQ: AMD) to report a net income (adjusted) of $0.47 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.02B.

    Microsoft Corporation (MSFT), due to announce earnings after the market closes today, is expected to report earnings of $1.64 per share from revenues of $40.18B recently concluded three-month period.

  • 15 Stocks In Software – Infrastructure Industry You Should Add In Your Bucket

    15 Stocks In Software – Infrastructure Industry You Should Add In Your Bucket

    Software Infrastructure Industry is considered to be an important industry as it helps the organization run smoothly by automating the processes in the organizations. Software is ubiquitous and is helpful in reducing time and also save costs. The software helps in increasing staff productivity, minimizing manual error, and improve security management.

    Every sector including manufacturing, entertainment, healthcare, software development, technology all is experiencing change because of fast digital transformation. Half of 2020 is passed and half is underway and the new trends in the software industry are also in process. There are various trends in software development that will take the center stage in 2020 and 2021. Trends include the Internet of Things (IoT), Artificial Intelligence, and Big data, etc.

    There are few leading companies in the Software Infrastructure Industry yo should add to your portfolio:

    Microsoft Corporation (NASDAQ: MSFT)

    Microsoft Corporation (NASDAQ: MSFT) shares were trading down -4.96% at $202.68 at the time of writing on Wednesday. Microsoft Corporation (NASDAQ: MSFT) share price went from a low point around $132.52 to briefly over $232.86 in the past 52 weeks, though shares have since pulled back to $202.68. MSFT market cap has remained high, hitting $1523.33B at the time of writing, giving it a price-to-sales ratio of more than 10.

    Microsoft Corporation (MSFT) has earlier announced that the fiscal year 2021 first-quarter financial results are available on its Investor Relations website. If we look at the recent analyst rating MSFT, UBS resumed coverage on MSFT shares with a Buy rating and a $230.72 price target, which implies room for 28.04% upside momentum this year.

    Palantir Technologies Inc. (NYSE: PLTR)

    Palantir Technologies Inc. (PLTR) last closed at $10.85, in a 52-week range of $8.90 to $11.42. Palantir Technologies Joins The Trinity Challenge. Palantir Technologies Inc. (PLTR) has announced that it has joined Trinity College Cambridge’s ‘The Trinity Challenge’ as a member. Palantir Technologies Inc.’s market cap has remained high, hitting $18.24 Billion at the time of writing.

    Oracle Corporation (NYSE: ORCL)

    Oracle Corporation (NYSE: ORCL) stock drop by -2.61% to $55.59 after Pennsylvania State University Joins Oracle Academy to Help Students Become Cloud Developers and Technology Leaders. The most recent rating by UBS, on October 14, 2020, is at a Neutral. Oracle Corporation (ORCL) revealed new cloud services to help mid-sized banks fighting money laundering and outsmart financial crime.

    Limelight Networks Inc. (NASDAQ: LLNW)

    Limelight Networks Inc. (NASDAQ: LLNW) shares headed falling, lower as much as -6.36%. The most recent rating by B. Riley Securities, on October 23, 2020, is at a Buy. Limelight Networks Inc. (LLNW) has shared record revenue of $59.2 million for the third quarter of 2020, up 15 percent, compared to $51.3 million in the third quarter of 2019.

    FireEye Inc. (NASDAQ: FEYE)

    FireEye Inc. (NASDAQ: FEYE) rose 0.25% after gaining more than $0.04 on Wednesday. It has moved up 87.33% from its 52-weeks low and moved down -22.98% from its 52-weeks high. FireEye Inc. (FEYE) has earlier announced the financial results for the third quarter ended September 30, 2020. It has reported a revenue of $238 million as compared to the revenue of $226 million.

    Akamai Technologies Inc. (NASDAQ: AKAM)

    Akamai Technologies Inc. (NASDAQ: AKAM) last closed at $97.40, in a 52-week range of $75.18 to $120.00. Analysts have a consensus price target of $124.65. Akamai Technologies Inc. (AKAM) earlier announced that it has been recognized by Gartner as a Leader in the 2020 Magic Quadrant for Web Application Firewalls for the fourth year in a row.

    Square Inc. (NYSE: SQ)

    Square Inc. (NYSE: SQ) stock drop by -2.27% to $167.13. The most recent rating by Wolfe Research, on September 29, 2020, is at an Outperform. Square Inc. (SQ) has announced that it is scheduled to release financial results for the third quarter of 2020 on November 5, 2020. The company will host the conference call on the same day.

    NortonLifeLock Inc. (NASDAQ: NLOK)

    NortonLifeLock Inc. (NASDAQ: NLOK) shares headed falling, lower as much as -1.83% after 1 in 5 Americans Have Shared Disinformation. The most recent rating by Argus, on August 21, 2020, is at a Buy. NortonLifeLock Inc. (NLOK) announced it was named one of America’s Most JUST Companies, which recognizes companies for its commitment to serving its workers, customers, communities, the environment, and shareholders.

    BlackBerry Limited (NYSE: BB)

    BlackBerry Limited (NYSE: BB) fall -5.77% after losing more than -$0.28 on Wednesday. BlackBerry Limited (BB) has revealed a partnership to speed up Ontario’s economic recovery, after the impact of the COVID-19 pandemic. It has announced that it will participate in the Ontario Made program, managed by CME, aimed at promoting locally made products.

    Dropbox Inc. (NASDAQ: DBX)

    Dropbox Inc. (NASDAQ: DBX) last closed at $18.61, in a 52-week range of $14.55 to $24.14. Analysts have a consensus price target of $28.11. Dropbox Inc. (DBX) has announced that it will release its financial results for the third quarter ended 30 September 2020 after the market close on November 5, 2020. It has traded up 27.90% from its 52-weeks low and traded down -22.91% from its 52-weeks high.

    Adobe Inc. (NASDAQ: ADBE)

    Adobe Inc. (NASDAQ: ADBE) stock drop by -4.51% to $456.97. The most recent rating by DZ Bank, on September 17, 2020, is at a Buy. Adobe Inc. (ADBE) has revealed significant innovation across its Creative Cloud applications and services. In addition to ground-breaking new features like Neural Filters in Photoshop, the company shared major updates to its flagship applications including Lightroom, Premiere Pro, and Illustrator.

    CrowdStrike Holdings Inc. (NASDAQ: CRWD)

    CrowdStrike Holdings Inc. (NASDAQ: CRWD) fall -1.43% after losing more than -$1.91 on Wednesday. CrowdStrike Holdings Inc. (CRWD) has earlier revealed the new CrowdStrike Falcon X Recon module that will offer customers an increased level of situational awareness through the deep, broad collection of data from digital sources.

    Cloudflare Inc. (NYSE: NET)

    Cloudflare Inc. (NYSE: NET) last closed at $54.76, in a 52-week range of $15.05 to $61.86. Analysts have a consensus price target of $48.46. Cloudflare Inc. (NET) has earlier announced that it has dropped Cloudflare One, a comprehensive, cloud-based network-as-a-service solution for the workforce. This company has a market capitalization of $16.74 billion at the time of writing.

    Nutanix Inc. (NTNX)

    Nutanix Inc. (NTNX) stock soar by 0.08% to $24.56 after Nutanix Empowers UK Institute to Leap with Confidence. The most recent rating by Robert W. Baird, on August 28, 2020, is at a Neutral. Nutanix Inc. (NTNX) has revealed that that Highland Bank, a privately-held, business-focused bank implemented Nutanix hyper-converged infrastructure (HCI) to enable employees to work from anywhere in response to the COVID-19 pandemic, as well as increase the flexibility and reliability of their infrastructure.

    Box Inc. (NYSE: BOX)

    Box Inc. (NYSE: BOX) shares headed falling, lower as much as -0.80%. The most recent rating by Craig Hallum, on May 28, 2020, is at a Buy. Box Inc. (BOX) has traded up 86.00% from its 52-weeks low and traded down -27.25% from its 52-weeks low. This company has a market capitalization of $2.52 billion at the time of writing.

  • 20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    20 Trending Stocks In Software – Infrastructure Industry You Should Be Holding Now

    In today’s world, we are observing the fast digital transformation that affects all life areas including business, healthcare, manufacturing, and entertainment. Software is ubiquitous and the software industry is considered to be an important industry as the new technologies are evolving with time.  The software industry has made progress rapidly. The global information technology is on pace to reach $5.2 trillion in 2020.

    There are various trends this industry is adapting to keep pace with the fast-moving technological world.  Cloud computing and artificial intelligence is now dominating the technological world today. There are various other trends such as machine learning, blockchain, and edge computing has a major impact on this industry beyond our imagination.

    Let take a quick look at the top 20 trending companies which are following new trends to compete in the market:

    ACI Worldwide Inc. (NASDAQ: ACIW)

    ACI Worldwide Inc. (NASDAQ: ACIW) shares were trading up 2.55% at $27.95 at the time of writing on Monday. ACI Worldwide Inc. (NASDAQ: ACIW) share price went from a low point around $20.03 to briefly over $39.37 in the past 52 weeks, though shares have since pulled back to $27.95. ACIW market cap has remained high, hitting $3.20B at the time of writing, giving it a price-to-sales ratio of more than 2.

    ACI Worldwide Inc. (ACIW) disclosed that it has entered into a strategic partnership with GOLDPoint Systems for installment and specialty lenders. The companies will facilitate debit card loan payments and disbursement of loan proceeds for GOLDPoint Systems’ customers through the integration of the ACI Speedpay solution into the GOLDPoint platform. If we look at the recent analyst rating ACIW, Compass Point initiated coverage on ACIW shares with a Buy rating and a $35.43 price target, which implies room for 7.48% upside momentum this year.

    Adobe Inc. (NASDAQ: ADBE)

    Adobe Inc. (NASDAQ: ADBE) last closed at $486.47, in a 52-week range of $255.13 to $536.88. Analysts have a consensus price target of $552.77. Adobe announced the appointment of Melanie Boulden to its board of directors, effective Oct. 5, 2020. The addition of Boulden expands Adobe’s board of directors from 10 to 11 members. This company has a total market capitalization of $243.37 billion.

    Akamai Technologies Inc. (AKAM)

    Akamai Technologies Inc. (AKAM) stock soar by 0.45% to $109.10. The most recent rating by Needham, on July 22, 2020, is at a Buy. Akamai Technologies Inc. (AKAM) disclosed earlier that it was named a Leader in The Forrester Wave™: Zero Trust eXtended Ecosystem Platform Providers, Q3 2020 evaluation. Forrester evaluated 15 vendors and their Zero Trust security platforms based on 19 criteria, ranking their current offering, strategy, and market presence.

    BlackBerry Limited (NYSE: BB)

    BlackBerry Limited (NYSE: BB) Shares headed rising, higher as much as 1.35%. The most recent rating by TD Securities, on April 01, 2020, is at a Hold.BlackBerry Limited has revealed BlackBerry® Protect Mobile, a new mobile threat defense (MTD) solution that extends the powerful AI-based security in BlackBerry® Protect to mobile devices. Looking at its profitability, it has a current ratio of $2.58 billion.

    Box Inc. (NYSE: BOX)

    Box Inc. (NYSE: BOX) rose 0.70% after gaining more than $0.12 on Monday. Box Inc. (BOX) has disclosed that the U.S. Department of Veterans Affairs (VA) has issued Box an Authority to Operate (ATO). The VA can leverage Box’s cloud content management platform to modernize its technical infrastructure and drive new ways to work in the cloud. This company market capitalization has remained high, hitting $2.76 billion at the time of writing.

    CleanSpark Inc. (NASDAQ: CLSK)

    CleanSpark Inc. (CLSK) last closed at $12.20, in a 52-week range of $0.97 to $15.14. CleanSpark Inc. (CLSK) earlier disclosed that it is entering the Electric Vehicle (EV) charging station space through its recently acquired, wholly-owned subsidiary GridFabric, LLC. GridFabric is an OpenADR (Automatic Demand Response) communications compliance and certification company.

    CrowdStrike Holdings Inc. (CRWD)

    CrowdStrike Holdings Inc. (CRWD) stock soar by 3.58% to $144.88. The most recent rating by Goldman, on October 05, 2020, is at a Buy. CrowdStrike Holdings Inc. has earlier disclosed that it has completed its acquisition of Preempt Security, a leading provider of Zero Trust, and conditional access technology for real-time access control and threat prevention.

    Dropbox Inc. (NASDAQ: DBX)

    Dropbox Inc. (NASDAQ: DBX) shares headed rising, higher as much as 1.72%. The most recent rating by BofA Securities, on July 31, 2020, is at a Neutral. Dropbox Inc. (DBX) CEO and co-founder Drew Houston earlier, said that COVID has accelerated a shift to distributed work that we have been talking about for some time, and these new ways of working will not simply go away when the pandemic is over.

    FireEye Inc. (NASDAQ: FEYE)

    FireEye Inc. (NASDAQ: FEYE) rose 2.22% after gaining more than $0.27 on Monday. FireEye Inc. (FEYE)  earlier disclosed Mandiant® Advantage: Threat Intelligence the first SaaS-based offering by Mandiant Solutions to combine its Threat Intelligence with data from the frontlines of its industry-leading cyber incident response engagements, delivered through an easy-to-use management platform.

    Fortinet Inc. (NASDAQ: FTNT)

    Fortinet Inc. (FTNT) last closed at $119.09, in a 52-week range of $70.20 to $151.95. Analysts have a consensus price target of $139.50. Fortinet Inc. (FTNT) has launched its new free Information Security Awareness and Training service for organizations looking to educate employees about the increasing risks of cyberattacks. This company has a market capitalization of $19.91 billion at the time of writing.

    GoDaddy Inc. (NYSE: GDDY)

    GoDaddy Inc. (NYSE: GDDY) stock soar by 2.57% to $77.09. The most recent rating by Raymond James, on August 06, 2020, is at a Strong buy. GoDaddy Inc. (GDDY) has disclosed that customers can now sell their products on Instagram and Facebook through Websites + Marketing Ecommerce, further expanding the opportunity for them to find new customers and grow sales. As an official Facebook Marketing Partner, GoDaddy is one of the early adopters of Facebook’s Business Extension.

    Limelight Networks Inc. (NASDAQ: LLNW)

    Limelight Networks Inc. (NASDAQ: LLNW) Shares headed falling, lower as much as -1.79%. The most recent rating by Truist, on September 18, 2020, is at a Buy. Limelight Networks Inc. (LLNW) will report financial results for the third quarter of 2020 on Thursday, October 22, 2020. This company has a total market capitalization of $695.37 million at the time of writing.

    Micro Focus International plc (NYSE: MFGP)

    Micro Focus International plc (NYSE: MFGP) rose 7.48% after gaining more than $0.24 on Monday. Micro Focus International plc (MFGP) share price went from a low point around $3.11 to briefly over $16.49 in the past 52 weeks, though shares have since pulled back to $3.55. MFGP market cap has remained high, hitting $1.16 B at the time of writing.

    Microsoft Corporation (NASDAQ: MSFT)

    Microsoft Corporation (NASDAQ: MSFT) last closed at $210.38, in a 52-week range of $132.52 to $232.86. Analysts have a consensus price target of $229.83. Microsoft Corporation (MSFT) Microsoft Corp. is to build a data center hub in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.

    Cloudflare Inc. (NYSE: NET)

    Cloudflare Inc. (NYSE: NET) stock soar by 2.66% to $42.86. The most recent rating by Needham, on August 07, 2020, is at a Buy. Cloudflare Inc. (NET) has launched Cloudflare Radar, a free public tool that lets anyone view global traffic and security trends across the Internet as they happen. This company has a total market capitalization of $13.19 billion.

    NortonLifeLock Inc. (NASDAQ: NLOK)

    NortonLifeLock Inc. (NASDAQ: NLOK) shares headed rising, higher as much as 4.67%. The most recent rating by Argus, on August 21, 2020, is at a Buy. NortonLifeLock Inc. (NLOK) share price went from a low point around $13.06 to briefly over $24.40 in the past 52 weeks, though shares have since pulled back to $21.69. NLOK market cap has remained high, hitting $12.81 Billion at the time of writing.

    Nutanix Inc. (NASDAQ: NTNX)

    Nutanix Inc. (NASDAQ: NTNX) fall -0.99% after losing more than -$0.22 on Monday. Nutanix Inc. (NTNX) earlier disclosed the release of the first cloud-agnostic multi-database management solution. Era 2.0 extends the Nutanix database management solution across clouds and clusters to simplify operations, with increased scale and reduced costs for IT and database teams.

    Okta Inc. (NASDAQ: OKTA)

    Okta Inc. (NASDAQ: OKTA) last closed at $227.26, in a 52-week range of $88.66 to $231.29. Analysts have a consensus price target of $222.74. Okta Inc. (OKTA) has disclosed it will webcast the Keynote and Investor/Analyst Q&A sessions of Showcase 2020.

    Oracle Corporation (NYSE: ORCL)

    Oracle Corporation (NYSE: ORCL) stock soar by 1.24% to $59.56. The most recent rating by RBC Capital Mkts, on September 21, 2020, is at an Outperform. Paytronix Systems, Inc., the most advanced digital guest experience platform and a member of Oracle PartnerNetwork (OPN), today announced the integration of Paytronix Order & Delivery with Oracle MICROS Simphony POS.

    Anaplan Inc. (NYSE: PLAN)

    Anaplan Inc. (NYSE: PLAN) Shares headed falling, lower as much as -1.04%. The most recent rating by Needham, on August 27, 2020, is at a Buy. Anaplan Inc. (PLAN) market capitalization has remained high, hitting $8.85 billion at the time of writing.