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Amazon's AWS Growth Expected To Outpace Microsoft Azure, Analyst Optimistic
Wednesday, July 31, 2024 - 12:56pm | 425JMP Securities analyst Nicholas Jones rated Amazon.com Inc (NASDAQ:AMZN) shares with Market Perform and a price target of $225. Jones noted that Microsoft Corp’s (NASDAQ:MSFT) Azure and other cloud services revenue missed consensus expectations by 1.5%. Conversely, Alphabet Inc (NASDAQ:GOOG...
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EXCLUSIVE: 'AI For Good' Essential To Advancing Society, Says Veritone CEO — 'We Deserve To Use These Technologies'
Tuesday, March 26, 2024 - 5:01pm | 966Veritone Inc (NASDAQ:VERI) CEO Ryan Steelberg says, “Technology innovation is way ahead of the appropriate amount of controls and disciplines that governments and their regulators can devise and enforce.“ He believes that it’s up to the companies building artificial intelligence...
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Microsoft Effect? Why Amazon Shares Are Sliding In Wednesday's Premarket
Wednesday, January 25, 2023 - 8:27am | 297Amazon Inc. (NASDAQ: AMZN) shares were retreating on Wednesday, as they move in sympathy with Microsoft Corp. (NASDAQ: MSFT). What Happened: Microsoft’s Cloud revenue rose 22% in the second quarter that ended Dec. 31, 2022, slowing from the 24% growth in the first quarter. On a...
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Microsoft Fuels Rivalry With Amazon As It Hires AWS Veteran Charlie Bell
Thursday, August 26, 2021 - 3:29am | 373Microsoft Corp (NASDAQ: MSFT) has roped in rival Amazon.com Inc’s (NASDAQ: AMZN) top cloud executive Charlie Bell weeks after the industry veteran left his position at the e-commerce company. What Happened: Bell, who left Amazon recently, is now listed by Microsoft as a...
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From Amazon Towards Microsoft — Why 'Tide Is Shifting In The Cloud Arms Race'
Tuesday, March 16, 2021 - 4:25am | 501Microsoft Corporation (NASDAQ: MSFT) is poised to chip away further market share from Amazon.com, Inc (NASDAQ: AMZN) cloud subsidiary Amazon Web Services, according to Wedbush Securities. The Microsoft Analyst: Wedbush analyst Daniel Ives maintained his Outperform rating and $300 price target...
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Amazon, Microsoft 'Cloud Arms Race Hitting Another Gear' With Bezos Replacement: Wedbush
Wednesday, February 3, 2021 - 2:36am | 457The elevation of Amazon.com, Inc (NASDAQ: AMZN) executive Andy Jassy, who heads Amazon Web Services, to the position of CEO represents that "cloud arms race" with rival Microsoft Corporation (NASDAQ: MSFT) is "hitting another gear," as per Wedbush analyst Daniel Ives....
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Amazon Could Win The Cloud Wars With Automation, Says KeyBanc Analyst
Thursday, April 5, 2018 - 2:35pm | 420Amazon.com, Inc. (NASDAQ: AMZN)'s Amazon Web Services is the largest cloud platform in the world, but as the next stage of cloud competition unfolds, will Amazon hold its leadership status? KeyBanc Capital Markets tackled the question in a note out this week. The Analyst KeyBanc's...
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6 Ways Amazon's European Business Will Likely Be Different Than The US
Monday, December 11, 2017 - 12:39pm | 472The "Amazon.com, Inc. (NASDAQ: AMZN) Disruption Symposium," held by Morgan Stanley in London on Dec. 7, included a dozen analysts and industry experts who explored how the e-commerce giant differs across geographic regions. The Analyst Morgan Stanley's Brian Nowak maintains an...
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Expect Amazon's 'Flywheel' Approach To Continue Adding To Long-Term Upside
Wednesday, September 27, 2017 - 1:49pm | 360Analysts at Wells Fargo believe that artificial intelligence and other next generation technologies will support Amazon.com, Inc. (NASDAQ: AMZN)'s stock. The firm's Ken Sena resumes coverage of Amazon's stock with an Outperform rating and $1,400 price target. Amazon continues to make use of...
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Amazon's 'Secret Sauce' Earns It A New Buy Rating From Wall Street
Wednesday, September 13, 2017 - 10:18am | 420Amazon.com, Inc. (NASDAQ: AMZN)'s stock has plenty of upside remaining because of its "secret sauce," Loop Capital Markets' Anthony Chukumba commented in an initiation note. The analyst initiates coverage of Amazon's stock with a Buy rating and $1,200 price target. Amazon has years of strong growth...
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Hulu Contract, Macie Launch Support Bullish View On Amazon's Cloud Market Opportunity
Wednesday, August 16, 2017 - 10:32am | 454Amazon.com, Inc. (NASDAQ: AMZN)'s ongoing momentum in its cloud business called AWS continues to impress Wall Street's top analysts, including Baird Equity Research's Colin Sebastian. The analyst maintains an Outperform rating on Amazon's stock with an unchanged $1,100 price target, partly due to...
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Credit Suisse Modeling For Amazon Shares To Be Around $1,350 By End Of 2018
Monday, July 10, 2017 - 4:29pm | 375Analysts at Credit Suisse felt it prudent to rebuild their valuation model on Amazon.com, Inc. (NASDAQ: AMZN) as the Street is likely missing out on a working capital benefit from a more rapid growth of Amazon's third party gross merchandise value and the positive impact on free cash flow. Credit...
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Salesforce CEO Talks FANG Stocks, Singles Out Upside In Amazon's AWS
Tuesday, June 27, 2017 - 1:54pm | 379Salesforce.com, inc. (NYSE: CRM) CEO Marc Benioff is considered to be one of the greatest tech CEOs in the business. So, when he talks about technology stocks and valuations, investors listen to what he has to say. Fewer Opportunities For Salesforce Back in 2016, there were a lot of opportunities...
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2 Salesforce Q1 Initiatives Warmly Received By Customers
Friday, May 19, 2017 - 10:21am | 537Reviewing salesforce.com, inc. (NYSE: CRM)'s first-quarter results released Thursday after the close, Stifel referred to the company's assertion that two initiatives in the quarter yielded positive customer feedback. Initiatives Yield Fruit Analysts Tom Roderick and Parker Lane highlighted the...
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Amazon's Q1 Signals Competitive Pressures For AWS
Friday, April 28, 2017 - 8:49am | 368Amazon.com, Inc. (NASDAQ: AMZN)'s first-quarter results came in better than expected, which boosted shares higher by more than 3 percent. But not all among Wall Street were impressed with the report and the company's outlook. Trip Chowdhry of Global Equities Research commented in a research report...