IT

As the stock market reels with the changing macroeconomic conditions, Wells Fargo is advising long-term investors to capitalize on the recent market pullback by favoring high-quality equities, particularly within the energy sector and large- and mid-capitalization stocks. What Happened: Scott Wren...

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are extending losses Monday following a global IT outage last week that the cybersecurity company claimed responsibility for. Jim Cramer expects the selloff to be short-lived. What To Know: CrowdStrike shares closed down about 11% on Friday after an...

With Quiver Quantitative’s recent institutional holdings data, we can see that hedge funds and asset managers have been increasing their holdings in Gartner Inc. (NYSE: IT). Firms such as Wellington Management, Citadel, and Winslow Capital Management have all...

On Wednesday, BlackBerry Limited (NYSE: BB) posted a surprise profit for the first quarter as the cybersecurity business enjoyed higher client spending, while its enterprise IoT software is enjoying a strong momentum in the automotive sector as the architecture of EVs continues to...

By James Smith In the coming few months, we will bid adieu to 2022, and we can't anticipate what technology revolutions 2023 will bring for us. The back-to-back waves of COVID-19 have brought digital transformations to a higher level and have accelerated how organizations lean toward disruptive...

By Pavel Podkorytov, founder of TalentService.com It’s not like the tech job market was ever freezing, but in the last couple of years, it seems to be blazing hot.  First, the pandemic put pressure on more industries to get online, making almost every company a tech business and greatly...

A leader in technology for financial markets announced going public via a SPAC merger Wednesday. The SPAC Deal: Pico announced a SPAC deal with FTAC Athena Acquisition Corp (NASDAQ: FTAA). The deal values the company at a pro forma enterprise value of $1.4 billion. A fully funded $200 million PIPE...

The call for technological innovation across logistics is louder than ever. The transportation industry has been racing toward greater digitization and connectivity for the past several years, and the coronavirus pandemic has done nothing but accelerate the pace. Carriers and third-party...

Rosenblatt Securities initiated coverage of software stocks Splunk Inc (NASDAQ: SPLK) and Dynatrace Inc (NYSE: DT) with bullish ratings Thursday. The Analyst: Blair Abernethy initiated coverage of Splunk with a Buy rating and $196 price target. The analyst also initiated coverage of Dynatrace...

Reporting its second quarter earnings last week, A.P. Moller-Maersk said it is planning to boost the size of the company's IT staff and that "Technology is core to both our vision to become the global integrator of container logistics and a key enabler to enhance our operating performance." The...

Jacobs Engineering Group Inc (NYSE: JEC) and KEYW Holding Corp. (NYSE: KEYW) announced a definitive merger agreement Monday.   The $815-million deal makes KeyW — an intelligence, cyber, mission and IT analytics company operating in the intelligence and national security...

IT management software company SolarWinds (NYSE: SWI) said Thursday it has reached an agreement to buy privately held Samanage, an IT service desk solution company.  What Happened The deal is for $350 million in cash or approximately $329 million net of cash acquired, SolarWinds...

Cognizant Technology Solutions Corp (NASDAQ: CTSH) has historically sacrificed revenue growth for margin expansion, although revenue growth typically has a bigger impact on multiples than margin expansion, according to BMO Capital Markets.  The sell-side firm finds it encouraging that the IT...

Software developer SolarWinds is set to begin trading on the New York Stock Exchange under the ticker symbol “SWI.” The company lowered the price range Thursday for the planned IPO. The Company SolarWinds provides information technology infrastructure management software, according to...

Microsoft Corporation (NASDAQ: MSFT) reported Thursday afternoon with a "big wow" of a fourth-quarter report that turned Stifel incrementally bullish. The Analyst Stifel's Brad Reback maintains a Buy rating on Microsoft with a price target lifted from $107 to $118. The...