• Microsoft, Twilio, and Splunk Gain in Early Market Trading
    Market Realist

    Microsoft, Twilio, and Splunk Gain in Early Market Trading

    Microsoft, Twilio, and Splunk shares were higher in early market trading today. While Microsoft rose 2%, Twilio and Splunk rose 1.7% and 2.5%, respectively.

  • Cisco Offered $7 Billion-Plus for DataDog As Company Prepares to IPO
    Bloomberg

    Cisco Offered $7 Billion-Plus for DataDog As Company Prepares to IPO

    (Bloomberg) -- Cisco Systems Inc. approached software company Datadog Inc. in recent weeks with a takeover offer significantly higher than the $7 billion valuation it aimed for in its initial public offering, according to people familiar with the matter.Datadog rebuffed the advance to pursue a stock listing because it felt it could be worth more as a public company over time, according the people, who requested anonymity because the talks were private. Talks between Cisco and Datadog are no longer active and Datadog is committed to going public, they said.A representative for Cisco declined to comment. Datadog couldn’t immediately be reached for comment.Cisco rose less than 1% to $49.72 at 10:12 a.m. in New York trading, for a market value of about $211 billion. Several rivals to Datadog also gained, including New Relic Inc., up 5.8%, Splunk Inc., which rose 3.9% and Elastic NV, which rose 3.1%.Datadog raised $648 million in its U.S. IPO Wednesday, selling 24 million shares for $27 each after marketing them at $24 to $26. The listing values Datadog at $7.83 billion.Software companies that power business processes have delivered some of this year’s best IPO debuts thanks to high margins and solid revenue. Zoom Video Communications Inc. and Crowdstrike Holdings Inc. have doubled in value since they began trading and are among the ten best performing offerings this year, according to data compiled by Bloomberg.In 2017, Cisco succeeded in buying a company on the eve of its IPO. It acquired AppDynamics Inc. for $3.7 billion right before the data analytics company was set to price its listing.(Updates share prices in fourth paragraph, details about IPO in fifth.)\--With assistance from Crystal Tse.To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.net;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Liana Baker, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is NCR Corporation (NCR) a Solid Pick for Value Investors?
    Zacks

    Is NCR Corporation (NCR) a Solid Pick for Value Investors?

    Let's see if NCR Corporation (NCR) stock is a good choice for value-oriented investors right now from multiple angles.

  • Is Apple's Latest Corning Funding Related to Foldable Glass?
    Zacks

    Is Apple's Latest Corning Funding Related to Foldable Glass?

    Apple (AAPL) is set to invest another $250 million in Corning from its Advanced Manufacturing Fund to promote innovation.

  • Tyler Rides on ERP Client Win in Arizona School District
    Zacks

    Tyler Rides on ERP Client Win in Arizona School District

    Tyler (TYL) recently reaches an agreement with Paradise Valley USD for its Infinite Visions as well as Tyler Content Manager solutions.

  • Twilio Inc. (TWLO) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Twilio Inc. (TWLO) Outpaces Stock Market Gains: What You Should Know

    Twilio Inc. (TWLO) closed at $112.33 in the latest trading session, marking a +1.52% move from the prior day.

  • ReneSola's (SOL) Earnings & Revenues Beat Estimates in Q2
    Zacks

    ReneSola's (SOL) Earnings & Revenues Beat Estimates in Q2

    Solid operations drove ReneSola's (SOL) results in second-quarter 2019.

  • Ericsson (ERIC) Enables Smart Automation in China Factory
    Zacks

    Ericsson (ERIC) Enables Smart Automation in China Factory

    Ericsson's (ERIC) customers in China will benefit through the technology leadership, speed and capacity advantages that its automated smart factory offers.

  • Qualcomm Buys Remaining Ownership Stake in RF360 Holdings
    Zacks

    Qualcomm Buys Remaining Ownership Stake in RF360 Holdings

    The acquisition of RF360 Holdings allows Qualcomm (QCOM) to provide its customers with a complete end-to-end solution from modem to antenna.

  • Near-Term Wireless Equipment Industry Outlook Appears Murky
    Zacks

    Near-Term Wireless Equipment Industry Outlook Appears Murky

    Near-Term Wireless Equipment Industry Outlook Appears Murky

  • Are Flex Ltd.’s (NASDAQ:FLEX) Returns Worth Your While?
    Simply Wall St.

    Are Flex Ltd.’s (NASDAQ:FLEX) Returns Worth Your While?

    Today we'll look at Flex Ltd. (NASDAQ:FLEX) and reflect on its potential as an investment. In particular, we'll...

  • NIMBYs Shoot Down Green Projects Next Door While Planet Burns
    Bloomberg

    NIMBYs Shoot Down Green Projects Next Door While Planet Burns

    (Bloomberg) -- People love renewable power projects. Just not the one next door.While states from New York to Nevada want to get most of their power from solar plants and wind farms, residents are balking at living near green projects. And unlike opposition to fossil fuels due to concerns over pollution and contamination, the hostility toward clean power is largely driven by aesthetics and property values.Rows of solar panels threaten to mar pristine vistas, while fears are rising among local residents that towering wind turbines will ruin the bucolic nature of their rural towns and drive down home prices. It’s the latest iteration of a longstanding dilemma: People want projects built for the public good —s uch as affordable housing or roads and power lines — but don’t want to be near them.“There’s a reason people live in communities like this,” said Pamela Atwater, president of a citizens’ group in upstate New York fighting a proposed wind farm on the Lake Ontario shore. “It’s a big visual impact, a big noise impact. It would change the nature, the character of where we live.”As large projects proliferate across the country, such worries are dimming the green glow that once surrounded an industry built on the promise of saving the world. For instance, supervisors for the largest county in California — a state that has committed to going carbon-free by 2045 — voted in February to block new renewable facilities near many rural desert communities. San Bernardino County saw a spate of plant construction in the last decade, and some longtime residents suddenly found their views of the desert transformed by fields of panels, said County Supervisor Robert Lovingood. “We believe in this industry, but it’s a balance,” Lovingood said, adding that the new regulations still leave plenty of room for development in a county that’s larger than Connecticut, Massachusetts and Rhode Island combined. “We don’t have to disturb more pristine desert,” he said.In New York, legislators passed a climate change plan in June calling for all of the state’s electricity to come from emissions-free sources by 2040. And yet, two upstate wind farm proposals stalled this year, one in the face of determined resistance from Atwater’s citizens’ group, the other on concerns it would threaten a bald eagle nest.“Companies are learning that the halo effect of building solar and wind projects isn’t necessarily enough to protect them from backlash from NIMBYs,” said Alicia Rivera, spokeswoman for renewable developer RES Ltd., referring to the “Not in my backyard” sentiment that has long fueled opposition to big infrastructure projects.Labeling opponents NIMBYs, however, does nothing to win them over. “Bottom line: They think local people just need to become more educated,” Atwater said. “That doesn’t fly very well.” Land-intensive and highly visible, individual solar and wind projects have often generated friction with potential neighbors. The pushback may be more noticeable now than, say, 10 years ago, simply because more projects are being proposed in more states, affecting more communities.“Maybe the easy places for these things to go have been taken,” said Cullen Howe, a senior renewable energy advocate for the Natural Resources Defense Council. “Oftentimes, the places these things are now being sited are closer to residential areas, so there’s going to be a greater number of people affected.”After residents raised concerns about their property values, a proposed NextEra Energy Inc. wind farm fell short of winning approval from Reno County commissioners in Kansas in June. Nebraska passed a law in May making it easier for land owners to challenge in court new transmission lines for wind farms. Renewable developer RES has dealt with its fair share of backlash. In April, the company canceled its Summit Lake Wind project, a proposed 130-megawatt wind farm in L’Anse Township, Michigan. RES said the decision was due to ongoing delays in the planning process, which made the project unworkable.Summit Lake faced resistance over fears that the wind turbines would spoil wilderness and discourage tourism on a quiet stretch of the Lake Superior shore. The project site, next to the L’Anse Indian Reservation, also raised concerns among the Keweenaw Bay Indian Community that the turbines would harm their ability to fish and hunt in the area.The company also canceled plans for a 600 MW wind farm in northern Indiana in September 2018. The Harvest Wind project had received pushback from the local communities in Cass and Miami counties that were concerned about property rights and safety issues. Still, the company has also met with success. In December 2018, it finished a 80-megawatt wind project in upstate New York and in March broke ground on a solar facility in Georgia.“I think people are right to ask questions about what it means to have a wind farm in a community,” said Paul Copleman, a spokesman for Avangrid Renewables, which last year canceled a wind farm in New York state. “It’s our responsibility to do our best to explain the science, explain what it’s going to mean and convey those benefits.”This story is part of Covering Climate Now, a global collaboration of more than 220 news outlets to highlight climate change.  \--With assistance from Hannah Recht and Christopher Cannon.To contact the authors of this story: David R Baker in San Francisco at dbaker116@bloomberg.netMillicent Dent in New York at mdent13@bloomberg.netTo contact the editor responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Google Pays Up in France
    Zacks

    Google Pays Up in France

    Google's settlement with French tax authorities amounted to a billion dollars, the highest payout in Europe so far.

  • Plantronics, Inc. (NYSE:PLT) Insiders Increased Their Holdings
    Simply Wall St.

    Plantronics, Inc. (NYSE:PLT) Insiders Increased Their Holdings

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Motorola to Boost R&D Activities With New Innovation Center
    Zacks

    Motorola to Boost R&D Activities With New Innovation Center

    Motorola's (MSI) new innovation center will likely provide an opportunity for students and employees to make valuable contributions to it and broader tech community.

  • NETGEAR (NTGR) to Offer AV Support Services in IP Networking
    Zacks

    NETGEAR (NTGR) to Offer AV Support Services in IP Networking

    NETGEAR (NTGR) aims to simplify and streamline IP networking for small and medium sized firms that often lack the requisite resources and technical knowledge for effectively utilizing complex audio-visual installations.

  • CommScope (COMM) Unveils Wi-Fi 6 SMD & IP Client Platforms
    Zacks

    CommScope (COMM) Unveils Wi-Fi 6 SMD & IP Client Platforms

    With CommScope's (COMM) new Smart Media Device and IP client platforms, operators now have an enhanced portfolio of Reference Design Kit Video Accelerator solutions, with a range of capabilities.

  • Should Investors Buy into Groupon's Potential Yelp Acquisition?
    Zacks

    Should Investors Buy into Groupon's Potential Yelp Acquisition?

    Wall Street does not seem to be buying into Groupon's (GRPN) plan to acquire Yelp (YELP).

  • Why Ciena (CIEN) Stock Might be a Great Pick
    Zacks

    Why Ciena (CIEN) Stock Might be a Great Pick

    Ciena (CIEN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • Is EchoStar Corporation (NASDAQ:SATS) Excessively Paying Its CEO?
    Simply Wall St.

    Is EchoStar Corporation (NASDAQ:SATS) Excessively Paying Its CEO?

    Mike Dugan became the CEO of EchoStar Corporation (NASDAQ:SATS) in 2009. This report will, first, examine the CEO...

  • What Kind Of Shareholders Own Qutoutiao Inc. (NASDAQ:QTT)?
    Simply Wall St.

    What Kind Of Shareholders Own Qutoutiao Inc. (NASDAQ:QTT)?

    Every investor in Qutoutiao Inc. (NASDAQ:QTT) should be aware of the most powerful shareholder groups. Institutions...

  • Uber (UBER) Lays Off 435 Employees to Improve Efficiency
    Zacks

    Uber (UBER) Lays Off 435 Employees to Improve Efficiency

    After layoffs in July, Uber (UBER) trims workforce again to drive its bottom line.

  • Tech Showing Some SaaS: Software Stocks Near Key Level to Bounce – All Star Charts
    IPO-Edge.com

    Tech Showing Some SaaS: Software Stocks Near Key Level to Bounce – All Star Charts

    Anaplan, Inc., CrowdStrike Holdings, Inc., Okta, Inc. - some of the most resilient technology stocks have recently slipped to a key level and are poised for a possible bounce. That's according to All Star Charts, which pointed out software is approaching oversold territory.   "Most Technology subsectors like Cloud Computing, Cybersecurity, and Internet, have been […]

  • Medidata (MDSO) Collaborates With Mapi Research to Boost Rave
    Zacks

    Medidata (MDSO) Collaborates With Mapi Research to Boost Rave

    Medidata's (MDSO) latest collaboration is expected to solve major eCOA implementation struggles in the pharmaceutical industry.

  • Tech Roundup: DXC, ORCL, and GRPN Slump Today
    Market Realist

    Tech Roundup: DXC, ORCL, and GRPN Slump Today

    Today, the DJIA rose 122 points and the S&P; 500 Index gained 0.6%. However, tech stocks Oracle (ORCL), DXC Technology, and Groupon lagged the market.