Despite a downward spiral in the stock market on Thursday and mixed quarterly results, analysts are still optimistic about C3.ai's future. C3.ai, the enterprise artificial intelligence software developer, left Wall Street underwhelmed with its recent guidance, released on Wednesday evening. However, according to D.A. Davidson analyst Gil Luria, management is fully aware of the … [Read more...] about C3.ai’s Long-Term Positioning Remains Strong, Analysts Say
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Technology Stocks Rise on Mixed Jobs Data
Technology companies saw an increase in their stock prices as the latest jobs data created speculation that the Federal Reserve may begin cutting interest rates. The Labor Department reported that employers added 199,000 jobs last month, a slower rate compared to earlier in the year but consistent with pre-pandemic levels. After excluding the impact of autoworker strikes, the … [Read more...] about Technology Stocks Rise on Mixed Jobs Data
Zscaler Analyst Upgrade Drives Stock Boost
Zscaler shares received a boost on Tuesday after Macquarie analyst Frederick Havemeyer raised his rating on the stock to Outperform from Neutral. Havemeyer believes the company will benefit from the "intensifying cyber threat landscape" and the upcoming data breach disclosure requirements from the Securities and Exchange Commission (SEC). Improved Rating and Target … [Read more...] about Zscaler Analyst Upgrade Drives Stock Boost
Heritage Insurance Holdings Announces Underwritten Public Offering
Heritage Insurance Holdings has recently revealed its plans to conduct an underwritten public offering of 3.7 million shares at a price of $6.75 each. As a result, the company's shares experienced a significant decrease of 14% and are currently trading at $6.35. Despite this setback, Heritage's stock has witnessed impressive growth of 255% throughout the year. Primary Offering … [Read more...] about Heritage Insurance Holdings Announces Underwritten Public Offering
U.S. Stock Futures Show Promise as Borrowing Costs Remain Low
Introduction U.S. stock futures are approaching their peak levels for the year as benchmark borrowing costs remain near their lowest point since the summer. Current Stock-Index Futures Trading S&P 500 futures (ES00) have risen by 10 points or 0.2% to 4778. Dow Jones Industrial Average futures (YM00) have gained 49 points or 0.1% to 37710. Nasdaq-100 futures (NQ00) have … [Read more...] about U.S. Stock Futures Show Promise as Borrowing Costs Remain Low
