– Pure Storage stock plunged 24.4% after the data storage company reported first quarter results that missed estimates on the top and bottom lines and cut its revenue guidance for the current fiscal year. According to CEO David Hatfield, large enterprise deals taking longer to close and having more variability resulted in the disappointing results.- Shares of the chipmaker plunged 11.
8% amid reports the U.S. is considering putting a number of Chinese video surveillance firms, including Hikvision, on a blacklist. The move would limit Hikvision's ability to buy technology from its U.S. suppliers, including Ambarella. Ambarella designs computer vision camera chips for Hikvision's systems and, as of last year, derived roughly 10% of its annual revenues from the company.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks making the biggest moves premarket: Tesla, Amazon, Boeing, Under Armour & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves premarket: Walmart, Pfizer, PG&E, Sony, Tesla & moreThese are the stocks posting the largest moves before the bell. Tesla acquired Maxwell yesterday, but guess CNBC has poor researchers. They only found a story about a guy in Florida who turned on cruise control, took his hands off the wheel and got in a wreck going 70.
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks gain as U.S. eases Huawei restrictionsStocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia amo...
Source: Reuters - 🏆 2. / 97 Read more »
Stocks making the biggest moves after hours: Agios, Farfetch, Cisco and moreSee which stocks are posting big moves after the bell on Wednesday, May 15.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves after hours: Pinterest, Nvidia, Applied Materials and moreSee which stocks are posting big moves after the bell on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Cisco Systems, Walmart, Farfetch & moreThese are the stocks posting the largest moves midday.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Cray, Pinterest, Luckin Coffee & moreThese are the stocks posting the largest moves midday. Just saw one of you guys reporting on the sale of Tesla stock. The story is at least three days old and T. Rowe sold the shares months ago.
Source: CNBC - 🏆 12. / 72 Read more »