The New York Times Co. has met its target of 10 million subscriptions three years ahead of schedule thanks to its purchase of The Athletic, a win for the newspaper that has staked its future on the success of its digital business. The Times gained more than a million subscriptions in its $550 million deal…
New York Times Hits 10 Million Subscriptions Goal Early With Athletic Deal
Are Google Q4 Results a ‘Good Indication’ on What’s Coming With Facebook Earnings?
Loup Funds co-founder Gene Munster and managing partner Andrew Murphy turned talking heads on Alphabet Inc.’s fourth-quarter earnings. What Happened Murphy said he loved the “strong results” and that the markets reacted positively. Munster labeled Google and rival Apple Inc. as the “two bellwethers,” saying that the upside in search stood out to him. “It…
Hackers Make Off With More Than $320 Million in Stolen Cryptocurrency From Wormhole Network
Hackers have stolen about $320 million in cryptocurrency from Wormhole, a communication bridge linking Solana with other decentralized finance (DeFi) blockchain networks, its developers confirmed on Wednesdаy. In a series of Twitter posts, developers said hackers had made off with 120,000 wETH, or wrаpped Ethereum; the equivalent of nearly $324 million in cryptocurrency—making it the second-largest DeFi hack to date….
Silicon Labs Stock Gains on Q4 Beat, Robust Q1 Guidance
Silicon Laboratories Inc. reported fourth-quarter FY21 revenue growth of 43 percent Y/Y to $208.68 million, beating the consensus of $200.2 million. Margins The non-GAAP gross margin expanded 280 bps to 61.4 percent. The non-GAAP operating margin contracted 240 bps to 16.3 percent. The non-GAAP EPS of $0.77 beat the consensus of $0.57. Silicon Labs held $2.04…
Here’s How Analysts View PayPal Post Q4
Analysts slashed their price targets on PayPal Holdings Inc. following dismal Q4 results. JPMorgan analyst Tien-tsin Huang lowered the price target to $190 from $272 (44.7 percent upside) and kept an Overweight. The company’s guidance was “broadly disappointing, but probably necessary to reset expectations in order to get back to beating and raising expectations.” The analyst cut estimates but still…
Dynatrace Shares Drop Despite Q3 Beat; Margin Contracts
Dynatrace Inc. reported third-quarter FY22 revenue growth of 32 percent year-on-year to $240.8 million, beating the consensus of $234.4 million. Total ARR increased 29 percent Y/Y to $930 million. Revenues from Subscription rose 33 percent Y/Y to $226 million. Margins The non-GAAP operating margin contracted 400 basis points to 25 percent. Non-GAAP EPS of $0.18 beat…
Blackstone, Goldman Sachs Expanding Footprint in Asia
Blackstone and Goldman Sachs are looking to increase their investment presence in Asia, the companies confirmed. In a fourth-quarter conference call last week, the world’s largest alternative asset manager confirmed that it has gathered $11 billion to acquire companies in Asia following its second private-equity fund for the continent. It raised $6.4 billion and will…
Sunshine State Could Decouple From China
February 2, 2022
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Florida may soon cut ties with China as the state is currently reviewing its investments in Chinese companies, including those of its retirement system. U.S. pension holders and retirees unwittingly invest in companies that are tied to the Chinese communist regime and Gov. Ron DeSantis in December took action to stop Floridians’ money flowing into…
TE Connectivity Raises $600 Million via Long-Term Debt Offering
TE Connectivity Ltd.’s subsidiary, Tyco Electronics Group S.A., priced $600 million 2.500 percent senior notes due 2032 in a secondary offering. TE Connectivity will issue the $600 million senior notes due 2032 for 98.033 percent at an interest rate of 2.500 percent per year, payable semi-annually. TE Connectivity looks to use the offering proceeds for general…
Battered Indian Tech Stocks Popular With Retail Investors Recover, Following Similar Path Charted by US Counterparts
Indian tech stocks extended their rally on Tuesday following the strong gains overnight by their U.S. peers—including Tesla Inc. and Apple Inc. Stock Movement (+/-) Paytm +5.8% Zomato Limited +4.8% Adani Green Energy Limited +3.38% Infosys Limited +1.9% Tata Consultancy Services Limited +1.5% Why Is It Moving? The benchmark 30-share S&P BSE Sensex was up…
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