Category: Company News

Robinhood Valuation Soars After Funding

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Despite recent scrutiny, Robinhood sees a meaty cash bump.

Robinhood, the free stock trading app, recently received a $7.6 billion valuation after its latest round of funding.

This comes shortly after the company came under scrutiny due to concerns regarding its checking and savings accounts, which it launched last December. These accounts advertised a favorable 3% interest rate, but users became concerned over how these accounts would be insured.

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Microsoft to Go Big on OpenAI

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One of tech’s biggest players is making a big investment in open and transparent artificial intelligence.

News from Business Insider shows emerging reports that Microsoft will become a partner in the OpenAI initiative built by Elon Musk and other tech leaders. The goal is to try to promote better human control of technological advances.

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Micron Shares Rally After Upgrade

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Micron’s shares are up 48% year to date. 

Micron’s shares were up more than 3% on Monday, largely thanks to an upgrade by Goldman Sachs. Analyst Mark Delaney upgraded the company to buy from neutral and raised the company’s one-year price target from $40 to $56.

Micron is one of the largest U.S. producers of DRAM and NAND memory chips. Analysts have been strongly divided on the future of chip stocks, and Micron experienced a brief downturn during the height of theU.S.-China trade war.

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CrowdStrike Shares Jump After Earnings Report

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This was the company’s first earnings report since its June IPO.

Shares of CrowdStrike jumped nearly 15% on Friday after investors got a look at the company’s first earnings report since its IPO. This added more than $2 billion to the company’s market cap, bringing it to $16.7 billion. 

The cybersecurity company has been beating investor expectations on all fronts since going public in June. The company raised over $600 million at its IPO and its shares have consistently outperformed its initial asking price of $34 per share. As of Friday, CrowdStrike’s stock is up 150% from its IPO price. 

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Here’s Why Netflix Shares Fell

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This is the first time the company has lost subscribers since 2011.

2019 is a year of highs and lows for Netflix. The company started the year coming off of a 52-week low, but its shares rebounded in the months since. 

The company has dealt with announcements from Disney and Apple of new rival streaming services. And most recently, it learned it will lose two of its most popular shows: “The Office” and “Friends.” 

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Slack Takes on Compromised Passwords

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One of the most lauded workplace communication apps is making headlines…

Its large-scale security resets may indicate some liability.

Reports show that Slack, one of the most popular platforms for enterprise messaging, will reset passwords for 65,000 users. That’s a lot more than the company usually handles at one time, piquing the interest of some security professionals.

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Nu Skin Shares Fall 16% After Updating Second-Quarter Guidance

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The company’s shares are down nearly 50% in 2019.

On Wednesday, shares of Nu Skin fell sharply after the company warned investors about a disappointing upcoming earnings report. The company said that China has been cracking down on health products, which is causing a drag on its sales. 

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Oracle’s Ex-Dividend Date Moves Top Tech Stock

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Oracle, a leader in technology, is now trading ex-dividend as of today.

At the end of the month, Oracle holders who bought in prior to Monday will receive the dividend payment of $0.24 per share. Others will have to wait.

That July 31 payout is over 25% bigger than the last dividend payment with a current dividend yield of 1.61%.

Oracle’s current earnings per share is marked at $3.01 with projected earnings growth next year around 10%, or almost double the industry average.

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Things Are Looking Up for Micron … But It’s Too Soon to Celebrate

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The company’s shares are rebounding thanks to unexpected market changes. 

After a rocky start to 2019, things are finally starting to look up for memory-chip manufacturer Micron…

Trade war tensions have eased with China and the company can continue doing business with Huawei. Micron released its third-quarter earnings report and beat investor expectations.

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