software stocks

US stocks closed lower, with software stocks recording sharp losses on Thursday. The Nasdaq Composite also tumbled more than 3% during the session. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at...

Technology giant Cisco Systems (NASDAQ: CSCO) reported first-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Cisco reported first-quarter revenue of $13.6 billion, up 6% year-over-year. The revenue total came in ahead of a Street estimate of $...

Technology giant Microsoft Corporation (NASDAQ: MSFT) reported first quarter revenue and earnings per share that came in ahead of Street estimates. Here’s why analysts are adjusting price targets down after the first quarter report. The Microsoft Analysts Wedbush analyst Daniel Ives has an...

Cathie Wood’s ARK Investment Management bought over 950,000 shares of software-maker UiPath Inc (NYSE: PATH), valued at over $11.9 million based on Thursday’s closing price. The purchase was done through six different Ark exchange-traded funds. UiPath is the 10th largest holding of the...

A new report shows high short interest in software company MicroStrategy Inc (NASDAQ: MSTR), which is run by Michael Saylor and is among the largest holders of Bitcoin (CRYPTO: BTC). Here’s the latest data and how Saylor may have egged short sellers on. What Happened: Short interest in...

Technology giant International Business Machines (NYSE: IBM) reported second-quarter financial results after the market close Monday. Here are the key highlights. What Happened: IBM reported second-quarter revenue of $15.5 billion, up 9% year-over-year. The total came in ahead of a Street estimate...

Shares of Oracle Corporation (NYSE: ORCL) are trading higher Tuesday after the company reported fourth-quarter earnings results after market close Monday. Here are what analysts had to say about the company’s latest report and what’s ahead. The Oracle Analysts: Bank of America analyst...

After a nice upward move on the day of the Fed rate hike, the market has retreated sharply in the three subsequent sessions. The sell-off isn't quite done yet, according to Redpoint Ventures. The Fall: Between Wednesday and Monday, the SPDR S&P 500 ETF Trust (NYSE:...

Artificial intelligence software company C3.ai Inc (NYSE: AI) reported quarterly results and guidance on Thursday. Here’s the reaction from analysts. The C3.AI Analysts: Morgan Stanley analyst Sanjit Singh issued an Underperform rating and price target of $31. JMP analyst Patrick...

Cathie Wood-led Ark Invest has been piling up shares in the New York-based software automation company UiPath Inc (NYSE: PATH), a stock that has continuously slumped in the past few months. The popular investment first bought shares in UiPath in April just after it made a trading debut on the New...

KeyBanc analyst Michael Turits sees Five9 Inc (NASDAQ: FIVN) as one of the best-positioned names in the communications-software space. The Five9 Analyst: Turits upgraded the firm’s rating from sector weight to overweight and issued a price target of $200, an upside of about 25% to...

Cloud-based restaurant software company Toast Inc’s (NYSE: TOST) blockbuster New York Stock Exchange debut on Wednesday has made each of the three co-founders' stakes worth over $1 billion.  What Happened: Toast’s market cap soared past $30 billion on Wednesday and...

BlackBerry Ltd (NYSE: BB) shares rose over 6% in the after-hours trading on Wednesday after the company beat quarterly revenue expectations. What Happened: BlackBerry’s second-quarter earnings per share came in at a negative $0.06, which beat the estimated EPS of negative $0.07. See Also: How...

Chris Harvey, the head of equity strategy at  Wells Fargo Securities, on Friday told CNBC he believes the software sector is a crowded place and that media and entertainment are set to see a record rally. Bearish On Software: Harvey has downgraded the rating on software groups to underweight...

Software and customer service company HubSpot Inc (NYSE: HUBS) reported fourth-quarter earnings after close Thursday and announced it had passed two important milestones. What Happened: Fourth-quarter revenue of $252.1 million was up 35% year-over-year and came in ahead of Street consensus of $236....