Omar Marques | SOPA Images | Lightrocket | Getty ImagesDatadog shares jumped 20% on Thursday after the software company reported third-quarter revenue that topped Wall Street estimates and issued a strong forecast for the fourth quarter.The company reported revenue of $885.7 million, which was up 28% year over year, and topped the $852.8 million expected by LSEG analysts.The cloud software company expects fourth quarter revenue to reach between $912 million and $916 million, far surpassing Wall Street’s projections of $887 million.As artificial intelligence-driven demand for cloud-security products has continued to increase, Datadog has been rolling out multiple AI technologies and…
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Bank of America believes that DigitalOcean is poised to benefit from rising artificial intelligence inferencing demand. Analyst Wamsi Mohan double upgraded the cloud service provider to a buy rating from underperform. He also hiked his price target to $60 per share from $34. Shares of DigitalOcean have already surged 35% this year. Mohan’s new forecast implies potential, 12-month upside of a little more than 30%. DOCN YTD mountain DOCN YTD chart As a catalyst, Mohan pointed to strong demand, estimating that the company’s preliminary revenue guidance for 2026 is approaching growth of 20%. DigitalOcean has also shared improved visibility and…
U.S. President Donald Trump attends an event to make an announcement from the Oval Office at the White House in Washington, D.C., U.S. Nov. 6, 2025. Jonathan Ernst | ReutersPresident Donald Trump on Thursday announced deals with Eli Lilly and Novo Nordisk to slash the prices of some of their obesity drugs, including upcoming pills, in a landmark effort to expand access to the costly blockbuster treatments.The agreements will cut prices of so-called GLP-1 drugs for Medicare and Medicaid beneficiaries in 2026 and offer the treatments directly to consumers at a discount on a website the Trump administration is launching…
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.Gonzalo Fuentes | ReutersTesla is expected to announce on Thursday the results of a shareholder vote determining whether CEO Elon Musk should receive a pay package of nearly $1 trillion worth of stock over the next decade.There’s little mystery to the outcome.The electric vehicle company has suggested that shareholders approve the plan. Between Musk’s substantial ownership and a hefty base of retail investors who almost always vote with the CEO, the numbers are difficult for the…
Check out the companies making the biggest moves midday: Brighthouse Financial — The insurance company soared 26% on after it announced it would be bought by Aquarian Capital for $70 per share in cash, or around $4.1 billion. The deal is expected to close next year. Golden Entertainment — The casino operator surged 36% after announcing it would be acquired by Blake Sartini for $30 per share — a 41% premium from Wednesday’s close. The deal is expected to close midway through next year. Datadog — Shares of the cloud cybersecurity company soared 21% on better-than-expected results for the third…
Doordash’s stock plummeted toward its worst session ever as investors rejected the company’s aggressive spending strategy.The food delivery platform said it plans to shell out “several hundred million dollars” next year on new product initiatives like autonomous delivery and a new global tech stack. These plans will improve its product globally, but involve “direct and opportunity costs” in the short run, Doordash said.CEO Tony Xu defended the company’s spending decisions during the earnings call with analysts and said Doordash is running the business as it always has — to solve problems for customers in the highest quality ways.”Our track record in investing in the areas that we currently have operating … have…
Stock returns aren’t normally distributed. Very small daily returns occur more frequently than a normal distribution would suggest, and very large daily returns also occur more frequently than a normal distribution would suggest. The “average” move, perhaps unintuitively, occurs less frequently than a normal distribution would imply. If this doesn’t make sense, imagine a room with five basketball players and five jockeys. The average height of the jockeys might be 5′ to 5’6″ tall averaging 5’3″, and the NBA players might be 6’3″ to 6’9″ averaging 6’6″ tall. The average for the room would be 5’10½”, yet there’s a huge…
A version of this article first appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media. Sign up to receive future editions, straight to your inbox. YouTube TV subscribers know by now that all of Disney’s programming has been removed until the two sides reach a new carriage agreement. That means no ABC and no ESPN for about 10 million households until a new deal is struck. The key sticking point here is the rate at which Disney charges YouTube TV for its networks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTransportation Secretary Sean Duffy announced Wednesday afternoon that he will be reducing flight capacity by 10% at 40 major airports starting Friday morning, affecting roughly 3,500 to 4,000 flights daily. CNBC’s Phil LeBeau joins ‘Squawk on the Street’ to discuss the details. Source link
Ryan Reynolds (L), Scarlett Johansson (C), and Matthew McConaughyReutersCybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday.”We believe we’re at a pretty significant inflection point in our journey,” CEO David Faugno told CNBC. “We’re set up for this next wave of disruption, which I think is an even bigger opportunity for us.”Faugno said he expects the company to surpass a billion dollars in ARR over the next “several years,” benefiting from a shift in the threat landscape due to artificial intelligence and more complex…
