124.68 -0.04 (-0.03%)
After hours: 4:57PM EST
|Bid||124.67 x 900|
|Ask||124.68 x 900|
|Day's range||123.66 - 125.18|
|52-week range||83.69 - 143.70|
|Beta (3Y monthly)||2.02|
|PE ratio (TTM)||N/A|
|Earnings date||21 Nov 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||150.26|
Flex (FLEX) Q2 revenues battered by sluggish demand from China, soft demand from networking customers, and weakness in semiconductor capital equipment.
Weakness in the components industry due to macroeconomic headwinds affects Avnet's (AVT) fiscal first-quarter results. However, cost-saving efforts are a positive.
Proofpoint's (PFPT) Q3 results reflect a firm international footing and solid uptick in emerging suite of products. Robust demand for Email Fraud Defense, Threat Response and PSAT are tailwinds.
F5 Networks (FFIV) fourth-quarter fiscal 2019 results benefit from robust Software revenue growth, driven by security use cases. However, expenses associated with NGINX buyout hurt the bottom line.
(Bloomberg) -- About eight months after its last funding round, data analytics startup Databricks Inc. said on Tuesday that it has raised $400 million from investors, bringing its funding total to nearly $900 million.The latest deal values Databricks at $6.2 billion, more than double the $2.75 billion price tag investors gave the company in February. The funding round included existing backers Microsoft Corp. and Andreessen Horowitz, as well as new investors Tiger Global Management, and accounts managed by BlackRock Inc. and T. Rowe Price Group Inc.Ben Horowitz, an Andreessen Horowitz general partner, praised Databricks Chief Executive Officer Ali Ghodsi: “Ali is the best CEO that I’ve ever worked with,” and added that many companies struggled with making sense of their data. “AI-based insight is extremely difficult,” Horowitz said. “Databricks simplifies it from a performance standpoint that makes it easy and practical.”Databricks has more than 5,000 customers, including Viacom Inc., HP Inc. and Cisco Systems Inc., Ghodsi said. The startup sells tools aimed at helping those companies organize their data, and uses artificial intelligence to enable them to understand and search for information. Microsoft is both an investor in and a partner of Databricks, and integrates a version of the startup’s software into its cloud product, Microsoft Azure.Databricks more than doubled its annual recurring revenue over the last year, the company said. If it extrapolated out its most recent quarterly revenue for the next year, annual sales would total more than $200 million. “We’ve had tremendous traction,” Ghodsi said.The six-year-old San Francisco-based startup plans to use some of its new cash influx on overseas hiring. “The biggest engineering issue we’ve faced in the last two years has been with visas,” Ghodsi said. “It’s been harder to get employees to the United States because of green card issues and visa issues. It’s also been harder to keep our employees here in the U.S.”In part to address that problem, Databricks will spend about $111 million on its new European Development Center in Amsterdam over the next three years. The company has tripled the size of its engineering team in the Dutch city in the past two years. “What we are finding is it’s easier and less expensive to hire anywhere than in San Francisco,” said Horowitz, who is on the Databricks board. He added that there’s room for expansion in Europe.On Tuesday, Databricks also announced it had hired Dave Conte as its new chief financial officer. Conte previously spent eight years as the CFO of Splunk Inc., where he helped take the company public.(Company corrects the number of customers in the fourth paragraph.)To contact the author of this story: Candy Cheng in San Francisco at firstname.lastname@example.orgTo contact the editor responsible for this story: Anne VanderMey at email@example.com, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Logitech (LOGI) fiscal second-quarter results benefit from solid performance of Video Collaboration unit. However, macroeconomic uncertainties are headwinds.
High-growth tech firms have lost significant market value in the first half of October. TTD, NOW, OKTA, and TWLO are all trading lower today.