138.07 -0.72 (-0.52%)
Pre-Market: 5:22AM EDT
|Bid||138.04 x 1100|
|Ask||139.13 x 1400|
|Day's Range||138.00 - 139.49|
|52 Week Range||93.96 - 141.68|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||27.43|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||1.84 (1.33%)|
|1y Target Est||154.41|
Advances in technology can allow you to order food by voice or unlock your phone with your face, but those new capabilities could take a toll on the environment.
Hewlett Packard Enterprise (HPE) is down 0.4% YTD, lagging the S&P 500's 14.3% gain. For such an established company, the stock has seen a lot of movement in the past year.
Salesforce, unlike its smaller cloud-computing peers, has underperformed the benchmark S&P 500 Index in the past 12 months, falling 1%. What’s held back Salesforce’s (CRM) stock and what could propel it again? Can Salesforce, especially in the aftermath of large acquisitions, capture more of its addressable market?
VMWare (NYSE:VMW) has seen a number of iterations over its long Silicon Valley history (a long history by tech firm standards, that is).Source: Sundry Photography / Shutterstock.com It was founded in 1998 in Palo Alto, California. Just a few years later, EMC -- which is now a part of the Dell Technologies (NYSE:DELL) family -- acquired VMWare, adding enterprise-level cloud-based platforms to the arsenal of a well-established tech firm. EMC had been a pioneer in the data storage space and then expanded into networked storage platforms. VMWare Stock's Long HistoryVMW stock started trading in 2007, as an adjunct to the slow and steady business that EMC had developed. VMW stock was the growth component for the future. Shortly after, Dell purchased Perot Systems for $3.9 billion to add some gravitas in the data storage space. Then Dell just kept growing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn 2015, Dell Technologies purchased EMC. At $67 billion, it's still considered the largest acquisition in the tech space. The move was to help Dell get more involved in the enterprise market since its personal computers business was changing as mobile and enterprise-level cloud computing were making their potential known. * 10 Undervalued Stocks With Breakout Potential By 2018, Dell was making headlines once again. It returned as a publicly traded company after six years as a private business and tried to manage a reverse merger between itself and VMWare -- which it acquired through EMC. The deal didn't happen and VMWare still remains an independent subsidiary of Dell.The company is still controlled by Dell but it operates on its own. And given its recent activities, it is hungry to carve a niche in the enterprise cloud and hybrid cloud sectors. What's in Store for VMW?Basically, there are public clouds like Amazon's (NASDAQ:AMZN) Amazon Web Services, Microsoft's (NASDAQ:MSFT) Azure and Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google. And then there are private clouds, set up by companies that only allow employees to access them.Now that the cloud is such a large part of many businesses, the hybrid cloud is becoming the next step. It allows customers to access the data they need through the public cloud and allows the company to share data from the private cloud or its data centers.This is far more complex than it sounds and it takes a significant amount of security and engineering to work seamlessly.VMW has been on a buying spree recently. In June it said it was buying cloud-application delivery firm Avi Networks. In July it was artificial intelligence chip virtualization company Bitfusion.And less than a week ago, VMW announced it was buying Pivotal Software (NYSE:PVTL), a cloud-based software and IT development firm. Dell already owns a big stake in Pivotal, and VMW owns some as well. This deal is a situation where one owner is buying the stake of the other owner, who in turn controls the buyer.Once you work through that one, suffice it to say that VMW stock is looking to stake a claim in the burgeoning world of cloud-based systems. The Bottom Line on VMW StockThe stock is off 3% for the year but up 5% year-to-date. Some of the trouble has been the U.S.-China trade war and the fact that enterprise purchases are expected to slow. But VMW stock has been consolidating its position during this lull, which can be a good time to buy quality cheaply.My Portfolio Grader rates VMW stock a "B" here. It's a good value for a long-term growth investor but the short term may not be smooth.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Should You Buy VMWare Stock Now? appeared first on InvestorPlace.
Western Digital (WDC) launches five new high storage-capable gaming drives, featuring high-performance capabilities to provide users with immersive gaming experience.
Microsoft Director of Real Estate and Facilities Keith Donovan said his team is using Microsoft Mixed Reality and HoloLens for presentations to leadership and its headquarters staff.
(Bloomberg) -- Three companies — Amazon.com Inc., Microsoft Corp. and Alphabet Inc. — quietly dominate the world of cloud computing.With more more than 100 giant data centers worldwide, they rent out computing power to all manner of customers, making billions of dollars along the way. In fact, cloud computing has done more to fuel Amazon’s earnings in recent years than its e-commerce business.But there’s a threat looming on the horizon, quite literally at the edge of the network. With so many mobile devices and sensors now connected to the internet — and relying on artificial intelligence — more people and companies need their computing power close to them. For everything from fast analysis of road conditions to streaming holographic concerts, remote data centers are just too far away.That’s going to hand a huge opportunity to wireless carriers, which are building fast 5G networks to handle the task. And create a threat for the dominant cloud-computing players, according to telecom analyst Chetan Sharma. “Over time, cloud will be primarily used for storage and running longer computational models, while most of the processing of data and AI inference will take place at the edge,” said Sharma, who just wrote a report on the topic sponsored by software provider AlefEdge Inc. He pegs the size of this so-called edge-computing market at more than $4 trillion by 2030.Wireless carriers and the owners of cell towers have a big advantage in the edge-computing race: Not only do they control access to high-speed telecommunications networks, they have valuable real estate, such as tens of thousands of cell sites all over the country.Cloud computing isn’t going away by any means. But there’s more pressure on the industry’s Big Three to team up with wireless carriers, so they’re not left out of the burgeoning edge market.“The big players realize that at a minimum they need to partner up with operators to get access to their real-estate property,” Sharma said.Already, AT&T Inc. — the second-largest U.S. wireless carrier — has joined forces with Microsoft Corp. and IBM Corp., two cloud providers.“Our goal is that our partners are wildly successful,” said Sam George, a cloud executive at Microsoft. “If our partners are wildly successful, we’ll be wildly successful. There’s a lot of money to be made for partners.”Amazon and Google declined to comment on their plans.AT&T has hundreds of workers focused on edge computing, and it’s “a core part of our 5G strategy,” said Mo Katibeh, chief marketing officer of AT&T’s business division.“This is one that takes a village.”IBM, meanwhile, is also working with carrier Vodafone Group Plc in Europe.“The networks are essentially themselves becoming a cloud,” said Steve Canepa, IBM’s global managing director for the telecom industry. “The telcos today have a point of presence at the edge, and that becomes a great place to have an extension of the platform.”Cloud providers in China — such as Alibaba Group Holdings Ltd. and Tencent Holdings Ltd. — invested in carrier China Unicom two years ago. And more such investments and partnerships could be coming, Sharma said.For other tech companies, including chipmakers like Intel Corp., the hope is the shift leads to a bigger opportunity for everyone.“We see a rapid convergence between the cloud providers and connectivity providers,” said Caroline Chan, a general manager at Intel. “In our view, it’s a bigger pie.”Other telecom players are angling to team up with both carriers and cloud providers. Crown Castle International Corp., which owns fiber lines as well as more than 40,000 cell towers in the U.S., is in talks with the two camps, said Paul Reddick, a vice president at the company.Crown Castle also is an investor in startup Vapor IO, which is deploying edge computing this year in six metro areas, including Chicago.“I would say this is one that takes a village,” Reddick said.Other projects are already well underway. At CenturyLink Inc., about 100 facilities that used to store telecom equipment are now outfitted with servers. And it’s making them available to corporate customers in sectors like retail and industrial robotics.“We’ve already sold these facilities to a number of customers that need to get that compute closer to the network edge,” said Paul Savill, a senior vice president at CenturyLink. “We’ve seen enough activity in this space that we can confidently build out this infrastructure.”To contact the author of this story: Olga Kharif in Portland at email@example.comTo contact the editor responsible for this story: Nick Turner at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
During the blockchain hype of 2017 and 2018, it was difficult to establish who exactly needs a blockchain and why. The market became flooded with innovations, ideas, and scams as startups and established enterprises alike looked for ways to profit from the technological revolution. As the hype died down, many critics accused blockchain as being […]
Hewlett Packard's (HPE) Q3 fiscal 2019 results are likely to benefit from the growing momentum in Value Compute portfolio. However, a fall in the tier-1 server shipments is a downside.
Facebook's (FB) launch of Off-Facebook Activity tool is expected to strengthen privacy control initiatives, which will boost user engagement.
Nvidia (NASDAQ:NVDA) reported its Q2 earnings last Thursday and the results propelled Nvidia stock to big gains: nearly 15% over the next several days. That rally ran out of steam on Tuesday, though. NVDA closed the day at $167.87 for a 1.7% loss.Source: Hairem / Shutterstock.com Will the recovery continue or will Nvidia stock price drop further? The Market Loved NVDA Q2 Earnings Last Thursday, Nvidia reported its Q2 earnings.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRevenue of $2.58 billion was down 17% year-over-year, and adjusted earnings per share of $1.24 were down 36% compared to last year. NVDA issued guidance for Q3, calling for revenue of $2.90 billion plus-or-minus 2% (compared to third-quarter revenue of $3.18 billion last year).The market reaction was swift. Nvidia stock immediately surged, and shares gained nearly 15% before hitting a wall yesterday. Lowered Expectations for Nvidia StockOf course, the question has to be asked: why were investors so excited about NVDA when the company's revenue and EPS were both down significantly compared to last year? A big part of that is lowered expectations.Nvidia and graphics card rival Advanced Micro Devices (NASDAQ:AMD) have both been hit hard in 2019 by the bottom falling out of the crypto currency mining market. And both have been affected by the ongoing trade war with China. Those two factors have reset expectations about NVDA earnings.The money spent on graphics cards used to "mine" Bitcoin and other crypto currencies was an unexpected boost to Nvidia and AMD last year. At one point in 2018 the industry was generating 10% of NVDA's total revenue -- and when the crypto market tanked, so did Nvidia stock price.In addition, like many tech companies, Nvidia stock has been caught in the crossfire of the trade war between the U.S. and China.With these two big factors in play, analysts were expecting lower numbers from NVDA and the company delivered numbers in line with those expectations. Sequentially, there were signs of improvement, with revenue up 16% compared to Q1, while EPS gained 41%. But there was a more to the Nvidia stock rally than that … Some Positives + Big News for NVDA StockBoosting the positive reaction to Nvidia's earnings were some wins within key segments. In particular, Nvidia's Automotive division posted 30% revenue growth compared to last year, hitting quarterly record revenue of $209 million. The Professional Visualization division also saw 4% growth to $291 million. In addition, every one of Nvidia's divisions posted sequential quarterly revenue growth compared to Q1. Gross margins also saw a quarterly improvement at 60.1% compared to 59% in Q1.NVDA investors were also reacting to a number of timely events that bode well for the company. At the Gamescon conference on Monday, Nvidia and Microsoft (NASDAQ:MSFT) announced that ray tracing support will be coming to the PC version of "Minecraft." Given that "Minecraft" is the best-selling video game in the world (over 176 million copies sold) and only Nvidia's GeForce RTX graphics cards are capable of real-time ray tracing, this is seen as a big win for the company. At a higher level, a 90-day extension of the reprieve of the U.S. trade ban against Huawei was announced on Monday, and that has been seen as possibly signalling an attempt by the U.S. to cool tensions and the trade war with China.Yesterday at Gamescon, NVDA announced new drivers for its GeForce RTX cards that it claims will improve frame rates by up to 23% on a number of popular PC games, which would be a huge win. That announcement failed to impress investors - given the 1.7% Nvidia stock drop -- but gamers are excited.In short, Nvidia stock still has room for growth and it has some momentum. The stock is up around 29% since the start of the year, but even after the 15% post-earnings run NVDA still far from the $192 level it hit in April. Given the stream of good news for the company, odds are that Tuesday's loss was a speed bump.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Nvidia Stock Rally Stalls, but There's Still Room for Growth appeared first on InvestorPlace.
Investing.com - Nvidia climbed on Wednesday after a Wall Street analyst backed the chipmaker to leave its rivals behind as its growth story remains in the “early innings.”
During the past 15 years, Salesforce.com (NYSE:CRM) has been one of the best performers in the tech world. Keep in mind that the average annual return on CRM stock was an impressive 31%.Source: Shutterstock But lately things have not been so stellar. For example, the year-to-date return is 5%. This has lagged other mature tech companies like Microsoft (NASDAQ:MSFT), Adobe (NADAQ:ADBE) and even IBM (NYSE:IBM).OK then, might Salesforce stock be an opportunity for investors now? Is this the right entry point? Well, perhaps so. In fact, we'll get more details on Thursday on how things are tracking as the company will report its fiscal second-quarter results.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a look at the Wall Street expectations: * For revenues, the consensus forecast is for $3.95 billion, up 20.4% from the same period a year ago. Keep in mind that CRM's own forecast is for a range of $3.94 billion to $3.95 billion. * Wall Street is looking for earnings to hit 47 cents a share. This compares to 39 cents a share a year ago.As for the prior quarter, CRM posted revenues of $3.74 billion, up 24% on a year-over-year basis. There was also a nice 34% jump in operating cash flows to $1.97 billion. * 10 Undervalued Stocks With Breakout Potential What's more, the company announced full-year guidance on revenues of $16.10 billion to $16.25 billion, for a growth rate of 21% to 22%. An Eventual QuarterThe biggest event for CRM stock during the quarter was the $15 billion acquisition of Tableau, a top player in the analytics space. The deal is actually the largest in the company's history.Founded in 2003, Tableau focused on a new approach to analytics, with an attempt to disrupt the dominant legacy companies in the industry like IBM, SAP (NYSE:SAP) and Oracle (NYSE:ORCL). At the heart of the platform was a focus on interactive data visualization that seamlessly integrated with a myriad of databases and spreadsheets.As for CRM, Tableau will become a key part of the Customer 360 analytics system. The deal will also provide a nice boost to the top-line (last year the revenues came to $1.16 billion).But of course, there were other notable highlights for the quarter. Here's a look at some: * Salesforce shelled out $1.35 billion to acquire ClickSoftware Technologies, which is a provider of field service and workplace systems. The company will become part of the Service Cloud. * A report from Forrester (NASDAQ:FORR) quantified the total economic impact and benefits of Salesforce Lightning for the Service Cloud. The result: there was a 475% return on investment over a three year period for a typical customer. * Gartner (NYSE:IT) reported that Salesforce was positioned as a leader in its 2019 Magic Quadrant for Multiexperience Development Platforms. Bottom Line for the CRM Stock PriceSalesforce.com has a knack for beating its numbers. And this upcoming report should be no different. If anything, the Tableau deal should be a help (at least for the guidance).But the dealmaking will also be critical for the long-term of CRM stock. The focus on data companies is spot-on since this allows for the leveraging of next-generation technologies, especially AI (Artificial Intelligence).In the meantime, Salesforce remains dominant in its core areas like CRM, service/support and marketing.Then again, when it comes to CRM stock, it may not be realistic to expect the kinds of standout returns of prior years. The company is much more mature nowadays and it is getting tougher to gin up organic growth.Regardless though, CRM still looks like a good choice for a core holding for investors that want exposure to enterprise categories like the cloud and AI.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post There's No Need to Pull the Trigger on CRM Stock Before Earnings appeared first on InvestorPlace.
DXC Technology's (DXC) technological expertise combined with Google Cloud's strong solutions portfolio will help enterprises to access, manage and leverage data-intensive workloads globally.
The struggles continue for Intel (NASDAQ:INTC). Just as investors thought the company finally turned the corner, disappointing earnings reports have dashed both the hopes for and the price of Intel stock.Source: JHVEPhoto / Shutterstock.com Intel has seen its share of setbacks recently. AMD (NASDAQ:AMD), the company once regarded as "little brother" during the PC era, has taken a huge technological lead over Intel.The company also found itself unable to catch up with Qualcomm (NASDAQ:QCOM) in the 5G smartphone modem market. Intel stock attained a low valuation. However, the company has much to prove in its struggle to regain a leadership position in the chip market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel's Playing Catch-UpThe recovery that has blessed PC-era stocks such as Microsoft (NASDAQ:MSFT) and Nvidia (NASDAQ:NVDA) has somehow left Intel behind. * 10 Undervalued Stocks With Breakout Potential As these companies found success in new niches, Intel continued to struggle with where to go next. Management missteps and scandals over the last few years only contributed to the lack of growth.The company had tried to compete with Qualcomm in the smartphone modem market. During the second quarter, they waved the white flag and sold that business to Apple (NASDAQ:AAPL).Also, Intel's management had hoped data center chips could become the company's next great revenue driver. Intel has not lost this battle yet, but it has faced a strong competitive challenge from AMD. Rumors abound that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has begun to make Google-specific server boards with chips from AMD and not Intel.This represents a severe setback to Intel. This happened because AMD took a massive lead over Intel in this key area. AMD continues to increase CapEx on its 7nm chip at a time when Intel struggles to ramp up production on its 10nm chip. Intel Still Could RecoverIntel saw a massive decline following the first-quarter earnings report. A subsequent recovery fell back following the second-quarter release. Consequently, Intel only trades about 10% above its 52-week low.However, despite these setbacks, investors should not count Intel out . As our own James Brumley mentioned, AMD's 7nm Ryzen chips have not always reached the advertised operating speeds. Hence, AMD's lead in this area may turn out to be much less than advertised.Moreover, InvestorPlace contributor Chris Lau also points out that Intel has an enormous opportunity in 5G. Once users begin to adopt 5G, "network cloudification" could again bring servers powered by Intel chips to the forefront. The Bottom Line on Intel StockIntel appears well-positioned for buyers. Now, the INTC stock price currently stands at around $47 per share. This takes the forward price-to-earnings (PE) ratio to just 10.6.Admittedly, the fact that profits will shrink by an estimated 4.1% this year and only grow by 1.4% in 2020 does not inspire investors. And with INTC falling back after looking like it will sustain a recovery, investors may feel gun shy.However, the current valuation represents a low for INTC by historical standards. The PE ratio averaged 15.6 over the last five years. Also, INTC stock often saw a PE ratio well above 30 during the PC era.If the current performance of MSFT stock is an indication, a return to prominence could bring Intel the same level of multiple expansion. Furthermore, Intel stock has repeatedly bounced back whenever it fell below the $45 per share level. Hence, I see little downside at current prices.Also, indications point to a sustained recovery, eventually. Analysts forecast an average profit growth rate of 7.33% per year over the next five years.Also, the dividend of $1.26 per share yields almost 2.7%. It also has risen every year for the last four years and has never seen a cut. All of this leaves investors with little to lose by buying at these levels.Profiting from Intel stock may require some patience. However, it could again attain some level of market leadership once 5G becomes more widely adopted. If nothing else, investors can do worse than collecting a 2.7% dividend yield while they wait for this recovery.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post You Should Buy Intel Stock Before It Mounts Its Comeback appeared first on InvestorPlace.
Norway's $1-trillion-plus sovereign wealth fund, the world's largest, may seek to shift the balance of its investments between Europe, the Americas and Asia, a senior official said on Wednesday. North American equity markets have grown faster than European ones since the last time Norway examined the regional weight of the fund's reference portfolio, in 2012. "This (regional weighting) is exactly the question that we are considering now, and we are giving advice to the (finance) ministry about regional weighting of the equity reference index, by the end of this month probably," Egil Matsen, deputy central bank governor in charge of the fund, told Reuters.