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WOK News19 articles
Arista Networks Surges on Strong Q4 Results, Upbeat AI Outlook
Arista Networks shares rallied in after-hours trading following better-than-expected fourth-quarter results and strong forward guidance, reinforcing confidence in AI-driven data center spending.
Palo Alto Networks Gains on CyberArk Acquisition Close Ahead of Earnings
Palo Alto Networks shares edged higher premarket after finalizing its $25 billion purchase of CyberArk. Investors now await quarterly results for details on integration costs and updated guidance.
FedEx Gains on $2.6B Consortium Bid for European Locker Network InPost
FedEx shares advanced 0.8% as the company disclosed a $2.6 billion stake in a group offer to acquire European parcel locker operator InPost. The deal requires 80% shareholder approval and regulatory clearance.
Upwork Shares Stabilize After Sharp Sell-Off on Weak Q1 Outlook
Upwork stock steadied in premarket trading following a 19% plunge after the company issued first-quarter revenue guidance below analyst expectations, citing AI pressure and higher costs.
Palo Alto Networks Shares Edge Lower as CyberArk Acquisition Nears Deadline
Palo Alto Networks stock dipped slightly in extended trading as Nasdaq set a halt for CyberArk ahead of the merger's expected close. Stifel reduced its price target ahead of earnings.
Workday Shares Extend Decline Following Unexpected CEO Transition
Workday stock fell further as co-founder Aneel Bhusri reassumed the CEO role, replacing Carl Eschenbach. Investors await quarterly results for margin outlook and details on $135 million in restructuring costs.
Cisco Unveils AI Networking Chip, Rivals Slip on China and Capex Concerns
Cisco introduced a new networking chip for AI data centers, intensifying competition with Nvidia and Broadcom. Meanwhile, AI hardware stocks faced pressure from U.S.-China licensing scrutiny and investor worries over capital spending.
CyberArk Trading Halted Ahead of Palo Alto Networks Acquisition Close
CyberArk shares traded near $410 as Nasdaq announced an after-hours halt, with the Palo Alto Networks acquisition set to close before Wednesday's market open. The deal values CyberArk at approximately $412 per share.
Cisco Gains on AI Networking Chip Launch Ahead of Quarterly Results
Cisco shares advanced after unveiling its Silicon One G300 AI networking chip, targeting data center infrastructure. Investors now await the company's quarterly earnings report later this week.
Salesforce Shares Gain Amid Reported Workforce Reduction Ahead of Earnings
Salesforce stock advanced about 1% Tuesday following reports of limited job cuts, with investors focusing on upcoming quarterly results for updates on AI strategy and cost management.
Palo Alto Networks Gains Ahead of CyberArk Merger Close, Eyes Earnings
Palo Alto Networks shares edged higher as Nasdaq set a timeline for the closure of its $25 billion acquisition of CyberArk, with investors looking to upcoming earnings for integration signals.
Cisco's AI Networking Push Pressures Broadcom Shares
Broadcom stock dipped slightly in early trading as Cisco unveiled new data center chips targeting the AI infrastructure market, intensifying competition.
Intel Shares Dip on Rakuten AI Network Expansion, Eyes on Economic Data
Intel shares declined 0.7% in premarket activity following Rakuten Mobile's announcement of a broader collaboration to integrate AI into mobile network infrastructure. Market attention shifts to upcoming U.S. retail sales and inflation reports.
Upwork Plunges 26% Premarket on Weak Q1 Forecast, Active Client Decline
Upwork shares tumbled roughly 26% in premarket trading after issuing first-quarter revenue and profit guidance below analyst expectations. The freelance platform reported a drop in active clients to 785,000 at year-end.
Salesforce Trims Workforce Amid AI Strategy Shift, Agentforce Unit Impacted
Salesforce has reduced its headcount by under 1,000 employees in early February, affecting marketing, product management, and its Agentforce AI division, according to a report.
Cisco Unveils AI Networking Chip, Intensifying Competition with Nvidia and Broadcom
Cisco Systems introduced its new Silicon One G300 networking chip for AI data centers, aiming to challenge incumbents Nvidia and Broadcom. The announcement comes as Cisco's stock hit a 52-week high ahead of its quarterly earnings report.
Palo Alto Networks Gains on Impending CyberArk Deal Closure, Q2 Results Loom
Palo Alto Networks shares advanced 4.2% as its $25 billion acquisition of CyberArk nears completion, with the deal tentatively set to close before the market opens on February 11. Investors are also looking ahead to the company's fiscal second-quarter earnings report on February 17.
Palo Alto Networks Gains as CyberArk Merger Nears February Close
Palo Alto Networks shares advanced 3.4% after Nasdaq set a tentative Feb. 11 closing date for its $25 billion acquisition of CyberArk. Investors await quarterly results on Feb. 17 for integration updates.
Tower Semiconductor Surges on Nvidia AI Networking Partnership Ahead of Earnings
Tower Semiconductor shares climbed 7.7% to $139.04 following a collaboration announcement with Nvidia on AI data-center optical modules. Investors now await the company's Feb. 11 earnings report for details on the photonics business ramp.