Shares of Microsoft Corp. MSFT, +3.86% shot up 4.7% in morning trade Thursday, as the software behemoth crossed above the $1 trillion market-capitalization threshold intraday for the first time, after fiscal third-quarter results that beat expectations. With 7.663 billion shares outstanding as of April 18, the Microsoft's market cap was $1.003 trillion, to leap-frog past Apple Inc. AAPL, -0.13% which was currently at $975.7 billion. Amazon.com Inc. AMZN, +0.
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Microsoft heads toward $1 trillion valuation after earningsMicrosoft Corp. shares rose in the extended session Wednesday, pushing the tech giant toward a $1 trillion valuation as cloud growth continues to boost the... Ridiculous! There’s only $1.6 trillion of US currency in circulation around the entire world! No company is worth that kind of money! We’re living in a fake bubble inflated stock market Which is going to wipe out millions and millions Amazing seeing how Azure has impacted $MSFT, especially with so many companies working in the cloud-related market! Think where they’d be if they’d replaced Balmer a decade ago.
Source: MarketWatch - 🏆 3. / 97 Read more »
Fastly files for IPO, with class A shares to list on NYSEFastly Inc. has filed Friday for an initial public offering of class A shares. The "edge cloud" platform company, which allows developers to deliver digital experiences "at the edge of the internet," hasn't determined the number of shares it will sell. Fastly will have a dual class share structure, with class A shares entitled to one vote and class B shares entitled to 10 votes. The company has applied to have its class A shares listed on the New York Stock Exchange, under the ticker symbol "FSLY." Fastly recorded a net loss of $30.9 million on revenue of $144.6 million in 2018, after a loss of $32.5 million on revenue of $104.9 million in 2017. The lead underwriters of the IPO are BofA Merrill Lynch, Citigroup and Credit Suisse. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 29% year to date and the S&P 500 has gained 16%.
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KeyW's stock soars after Jacobs Engineering buyout deal at 43% premiumShares of KeyW Holding Corp. shot up 42% to pace all premarket gainers Monday, after the engineering and technology company announced a deal to be acquired...
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Facebook shares surge as Wall Street analysts rave over earnings: 'What a start to 2019'Wall Street was enamored Thursday morning with Facebook's first-quarter earnings report, with a handful of brokerages lauding its results. the biden effect What a 🐊 of 💩! These numbers need to be audited. Not their books mind you—Wall Street’s digital infrastructure 💋💋 A mesmerizing tale
Source: CNBC - 🏆 12. / 72 Read more »
Altria misses first-quarter earnings, revenue expectationsAltria shares slid 2% after the company missed first-quarter earnings, revenue expectations. Altria = cancer sticks Good Getting ‘smoked’.
Source: CNBC - 🏆 12. / 72 Read more »
SAP shares spike after Elliott reveals $1.3 billion stakeActivist investor Elliott revealed a $1.3 billion stake in SAP on Wednesday and said it supported a new management efficiency drive, sending shares in the German business software company to a record high.
Source: CNBC - 🏆 12. / 72 Read more »
Lockheed Martin shares jump 4% as earnings beat Wall Street expectationsLockheed Martin delivered first-quarter earnings on Tuesday that were far above what Wall Street anticipated.
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Coca-Cola shares jump 3% after earnings beatCoca-Cola reported earnings before the bell Tuesday.
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