U.S. 3D printer maker Markforged said on Wednesday it had agreed to go public through a merger with a blank-check firm backed by venture investor Kevin Hartz, in a deal valuing the equity of the combined company at $2.1 billion.
Shares on Wall Street ended higher on Wednesday, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.
Shares on Wall Street rallied on Wednesday, with the Dow hitting a record high, as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments calmed inflation worries.
Wall Street's main indexes gained ground on Wednesday as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell's comments soothed inflation worries.
The Nasdaq index fell in choppy trading on Wednesday as investors continued to sell technology-related stocks, while the S&P 500 and the Dow Jones were supported by cyclical shares on hopes of a quicker economic recovery.
Following several challenging quarters last year because of the volatile spending of a few giant customers, Arista Networks (NYSE: ANET) posted strong fourth-quarter results last week. In addition, management expects double-digit revenue growth in 2021, as the company is diversif
Dropbox's (NASDAQ: DBX) stock price recently dipped after the cloud storage service provider posted its fourth-quarter earnings. Its revenue rose 13% year over year to $504.1 million, beating estimates by $5.4 million.Its adjusted net income jumped 75% to $117.9 million, or $0.28
CrowdStrike Holdings' (NASDAQ: CRWD) mission is simple: to stop digital security breaches. The company's cloud-native Falcon platform protects clients from cyberattacks, securing devices and workloads in any environment (on-premise, virtualized, and cloud-based) against hackers.S
Wall Street's main indexes were set to open higher on Wednesday as beaten down growth stocks found respite after sliding for six straight sessions, while a rise in Tesla shares aided in a reversal of declines for futures tracking the Nasdaq index.
Many investors often shun the biggest names in the market because they believe that these companies are so obvious that they cannot possibly be undervalued. But one tech titan has likely been hiding in plain sight: Alphabet (NASDAQ: GOOGL). Even though the general market may curr
Growth stocks have been on fire over the past year as the pandemic has unlocked disruptive market opportunities all over the world. And some of the changes we've seen will change the way we work and interact forever. Three companies that I think still have upside for growth inves
Revenue growth is one of the most important factors in determining the long-term performance of a stock. It's great to see a business reduce costs and operate more efficiently, but that sort of fine-tuning can only take a company so far. In my experience, businesses that deliver
Futures tracking the tech-heavy Nasdaq were muted on Wednesday after sliding for six straight sessions as investors swapped growth-oriented technology shares with stocks that stand to gain the most from an economic rebound.
Apple's (NASDAQ: AAPL) stock price has more than tripled over the past three years, silencing the bears who claimed its best days were over. Its iPhone business remained stable, newer hardware devices like the Apple Watch and AirPods attracted more consumers, and its prisoner-tak
Finland-based telecom equipment giant Nokia (NYSE: NOK) has been in the spotlight this winter. The stock was swept up in the Reddit short-squeeze drama, which pushed Nokia's share prices to nearly 10-year highs that were gone as quickly as they arrived. The episode also generated
Microsoft Corp has notified 60 customers that their data was likely compromised in the suspected Russian hacking campaign centered on Texas-based software firm SolarWinds Corp, the company’s president told U.S. lawmakers on Tuesday.
Wall Street retreated on Tuesday as investors shifted away from mega-cap growth stocks, but the sell-off eased following reassurances from U.S. Federal Reserve Chairman Jerome Powell.
The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.
Hedge fund Starboard Value LP is preparing to launch a board challenge against Box Inc unless the U.S. cloud services provider takes steps to boost value for shareholders, according to people familiar with the matter.