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Check out the companies making headlines in midday trading: Apple — The tech giant jumped more than 6% after announcing it would repurchase $110 billion in shares . That topped analysts' estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Block — The payment services provider added 1% after posting first-quarter results that beat analysts' expectations. Live Nation Entertainment — Shares jumped 9% on the back of better-than-expected first-quarter revenue. However, the company beat analysts' expectations for the first quarter.
Persons: LSEG, Piper Sandler, FactSet, Eli Lilly, Cloudflare, Jefferies, , Alex Harring, Lisa Kailai Han, Michelle Fox, Pia Singh Organizations: Apple, Management, Wall Street, BMO Capital Markets, Expedia, Holdings, bullish Bank of America, Novo Nordisk, Arista Networks, Arista Locations: Thursday's, billings
Hershey — Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. Hershey's $3.25 billion revenue also beat the $3.11 billion consensus. Amgen — Shares soared 13% after the biotech firm posted a first-quarter earnings and revenue beat. Cloudflare — The stock continued to sink, plunging 12% after reporting weak full-year guidance, although Cloudflare posted a first-quarter earnings and revenue beat. However, Coinbase's first-quarter revenue of $1.64 billion beat the $1.34 billion consensus, according to LSEG.
Persons: Hershey, LSEG, Apple, Eli Lilly, Cloudflare, Expedia, Piper Sandler, Fortinet, FactSet, Jefferies, Coinbase's, Benjamin Nolan, — CNBC's Brian Evans, Michelle Fox, Hakyung Kim, Tanaya Macheel Organizations: Hershey —, Apple, Novo Nordisk, BMO Capital Markets, Revenue, Arista Networks, Arista, LSEG . Union Pacific, JPMorgan Locations: billings, LSEG, Stifel
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Cloudflare : Shares of the content delivery network were sinking 16% after the midpoint of the company's second-quarter revenue outlook came in short of analyst estimates. Expedia : Shares of the online travel booking company were sinking 14%. "Booking perfect," Jim said. But cocoa is in free fall and I think that is an opportunity," Jim said.
Persons: Jim Cramer's, Cramer, Jason Robins, DraftKings, Jim, Vrbo, Hershey, Price Organizations: CNBC, Club, Holdings
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFriday’s rapid-fire: Cloudflare, DraftKings, Expedia, Booking and HersheyJim Cramer looks at five stocks outside the CNBC Investing Club portfolio.
Persons: Hershey Jim Cramer Organizations: Hershey, CNBC, Club
Earnings Exchange: Apple, Hershey & Cloudflare
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: Apple, Hershey & CloudflareDanielle Shay, vice president of options at Simpler Trading, joins CNBC's exchange to share her trades on Apple, Hershey, and Cloudflare.
Persons: Danielle Shay Organizations: Apple, Hershey
Futures tied to the Dow Jones Industrial Average gained 212 points, or 0.55%. S&P 500 futures rose nearly 0.3%, while Nasdaq 100 futures advanced about 0.5%. In extended trading, Apple advanced more than 6% after it announced a $110 billion share repurchase and a top -and bottom-line beat. The S&P 500 popped 0.91%, while the Dow gained 0.85%. The S&P 500 is off by 0.7% week to date, while the Nasdaq is down nearly 0.6%.
Persons: Cloudflare, Dow, Jerome Powell, Sonu Varghese, payrolls, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Apple, Biotech Amgen, Dow, Carson Group Locations: New York City, U.S
Check out the companies making headlines in after-hours trading: Apple — The iPhone maker advanced 7% as it announced a $110 billion share repurchase and a top- and bottom-line beat. That surpassed analysts' estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Expedia posted a beat on first-quarter revenue, which came in at $2.89 billion, surpassing analysts' estimates of $2.81 billion, per LSEG. Block reported adjusted earnings of 85 cents per share on revenue of $5.96 billion in the first quarter. Those results beat analysts' estimates for earnings of 72 cents per share and revenue of $5.82 billion, per LSEG.
Persons: Expedia, Amgen, LSEG, Fortinet, Cloudflare, DaVita, FactSet, , Christina Cheddar, Berk Organizations: Apple Locations: billings
Matthew Prince is suing his Park City neighbors over their Bernese Mountain dogs. They say it's retaliation for opposing Prince's plans to build his dream home. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMatthew Prince, the billionaire cofounder of cybersecurity company Cloudflare, is waging a legal battle with his neighbors over their Bernese Mountain dogs, Sasha and Mocha. But his neighbors, Eric Hermann and Susan Fredstom-Hermann, say the suit is actually retaliation for opposing Prince's plans to build his dream home in the ritzy ski town, The Wall Street Journal reports.
Persons: Matthew Prince, Prince, , Eric Hermann, Susan Fredstom, Hermann Organizations: City, City Hall, Service, Street, Business Locations: Mocha
The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.
Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York
And the initial signs are quite positive here too," Zuckerberg told investors in an earnings call. AdvertisementElon Musk had even stronger words for investors on Tuesday after Tesla reported plunging profits. Even so, Musk insisted during an earnings call that Tesla is an AI company and had a specific message to any shareholder who thinks that Tesla won't develop self-driving someday. On Thursday, Microsoft and Alphabet reported profits, which they ascribed in part to their respective AI sectors. Google's parent company reported $23.7 billion in profits for the same period.
Persons: , Apple, Demis Hassabis, Sam Altman, Mark Zuckerberg, Zuckerberg, we've, Elon Musk, Tesla, Musk, Matthew Prince, Sundar Pichai, Pichai Organizations: Service, Meta, OpenAI's, EV, Economic, Reuters, Nvidia, Microsoft Locations: Davos
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: I would be a buyer of Cloudflare, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: CloudFlare, Axon Enterprise, First Solar, Vista Energy, Crown Castle, Astera Labs, and Liquidia.
Persons: Jim Cramer Organizations: Enterprise, Vista Energy, Crown, Labs
On Jan. 9, TikToker Brittany Pietsch posted a video of her layoff from tech company Cloudflare. The video went viral, with various outlets weighing in both on how the company handled the layoff and Pietsch's choice to post it at all. "I documented my layoff because at that point I was already very active on TikTok," she tells Make It. "I think that this is insanely risky for future job prospects," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. You could still make a measured, professional post in that moment, but it would be just as easy to get emotional.
Persons: Brittany Pietsch, She's, Joni Bonnemort, Bonnemort, It's, Nolan Church, Phoebe Gavin, Gavin, they're Organizations: Google Locations: Utah
According to Cloudflare, a cloud-computing service used by about 20 percent of websites globally, internet traffic dipped along the path of totality as spellbound viewers took a break from their phones and computers to catch a glimpse of the real-life spectacle. The places with the most dramatic views saw the biggest dips in traffic compared with the previous week. In Vermont, Arkansas, Indiana, Maine, New Hampshire and Ohio — states that were in the path of totality, meaning the moon completely blocked out the sun — internet traffic dropped by 40 percent to 60 percent around the time of the eclipse, Cloudflare said. States that had partial views also saw drops in internet activity, but to a much lesser extent. At 3:25 p.m. Eastern time, internet traffic in New York dropped by 29 percent compared with the previous week, Cloudflare found.
Persons: Cloudflare Locations: Mexico, United States, Canada, Vermont , Arkansas , Indiana , Maine , New Hampshire, Ohio, New York
Rafaela Aponte-Diamant is the richest self-made woman on Forbes' 2024 billionaires list. The 79-year-old cofounded MSC in 1970 and it's now one of the world's largest shipping companies. Her net worth of $33 billion makes her the world's seventh-wealthiest woman, according to Forbes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The 79-year-old Swiss-Italian shipping magnate is worth $33 billion, according to Forbes' estimate — enough to make her the world's seventh-wealthiest woman and the joint-48th richest person overall.
Persons: Rafaela Aponte, Diamant, Forbes, it's, , Michelle Zatlyn, Lisa Su, Taylor Swift Organizations: Forbes, Service, Business
During our Investing Club Monthly Meeting last Wednesday, Jim Cramer announced three new additions to the Bullpen: Cloudflare , ServiceNow , and Nextracker . NET YTD mountain Cloudflare YTD The primary goal is reliability — making sure the website is managing traffic smoothly and, above all else, stays accessible. NOW YTD mountain ServiceNow YTD "They have become the great facilitator of much of the non-client facing AI at the enterprise and the government. NXT YTD mountain Nextracker YTD Previously this technology was considered too expensive, but Nextracker has been able to lower its costs to the point where it's now much more competitive. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jim Cramer, You've, Cloudflare, Matt Prince, Jim, he's, Cramer, ServiceNow, Nextracker, Goldman Sachs, Dan Shugar, Jim Cramer's Organizations: Nvidia, Accenture, NXT, Technologies, Barclays, Jim Cramer's Charitable, CNBC Locations: U.S, Nextracker
In today's big story, we're looking at what a potential partnership between Google and Apple over AI features would mean for both companies and the wider industry. The big storyGoogle, Apple, AIRebecca Zisser/BITwo of the world's biggest tech companies are reportedly discussing a partnership that would upend the AI industry. Apple is considering integrating Google's AI model, Gemini, into the iPhone . The company has been noticeably quiet around its AI plans compared to peers like Google, Microsoft, Meta, and Amazon. So even if Apple and Google come to an agreement, they could still face some serious regulatory pushback.
Persons: , hasn't, Rebecca Zisser, Mark Gurman, Sundar Pichai, Apple, it's, Tim Cook, Google's Gemini, Insider's Hasan Chowdhury, BI's Phil Rosen, Mike Coppola, Jerod Harris, Grzegorz Wajda, Chelsea Jia Feng, It's, OpenAI, Stephanie Cohen, Goldman Sach's, Goldman Sachs, Jenny Chang, Rodriguez, Goldman, Josh Edelson, Chip Somodevilla, TikTok, Jensen Huang, Blackwell, Alyssa Powell, elbowed, Manoj Bhargava, Steve Huffman, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Google, Apple, Business, Gemini, Microsoft, Meta, Google's, Getty, Vox Media, Getty Images, Department of, Big Tech, Wall, Cloudflare, Bank of Japan, SXSW, Nvidia, Sports Illustrated, Arena Group Locations: AFP, Woodstock, Arizona , Florida , Illinois , Kansas, Ohio, New York, London
Cohen, 46, will join Cloudflare, a San Francisco-based technology company aimed at helping businesses improve their internet security and performance. It will be a familiar role, as she served as Goldman's strategy chief from 2018 to 2020. Having spent 20 years inking deals within Goldman Sachs' investment banking unit, Cohen is no stranger to the boardroom. "But the reality is, Goldman Sachs is not a technology firm," Cohen said. When she broke the news to Argenti, he told her, 'This is exactly what you should do… this is exactly the right company," Cohen recalled.
Persons: Stephanie Cohen, Cohen, " Cohen, David Solomon, Goldman, Beth Hammack, Cloudflare, Solomon, John Waldron, Matthew Prince, Michelle Zatlyn, Goldman Sachs, it'll, Lloyd Blankfein, Brendan McDermid, Reuters Cohen, they're, I, Stephanie, Prince, she'll, Marco Argenti Organizations: Business, Cloudflare, IBM, University of Illinois, Goldman, Reuters, Financial Times Locations: San Francisco, Utah, Urbana, Champaign
Tracking the Technical Support for: Cloudflare, Micron & Nike
  + stars: | 2024-03-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTracking the Technical Support for: Cloudflare, Micron & NikeJay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss the technical support for Cloudflare, Micron Technology and Nike.
Persons: Nike Jay Woods Organizations: Micron, Nike, Freedom Capital Markets, Cloudflare, Micron Technology
Disney gets a win : A major proxy advisor weighed in on the Disney -Trian board battle. Glass Lewis said Monday it recommends Disney shareholders vote for the company's director nominees and not the slate forth by Trian's Nelson Peltz. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Glass Lewis, Trian's Nelson Peltz, Jay Rasulo, Nelson, Mondelez, Heinz, Jim, DuPont, Jim said, Stephanie Cohen, Goldman Sachs, Cohen, Jensen Huang, Jensen's, Jim Cramer's, Spencer Platt Organizations: CNBC, Nvidia, Apple, Disney, Procter & Gamble, GE Healthcare, General Electric, GE, Evercore, DuPont, Protection, Samsung, Taiwan Semiconductor Manufacturing, PepsiCo, Constellation Brands, Citi, GEHC, Traders, New York Stock Exchange, Getty Locations: China, New York City
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCloudflare CEO Matthew Prince talks AI firewall and election cybersecurityMatthew Prince, Cloudflare CEO, joins 'Closing Bell Overtime' to talk Meta crashing this week, its new AI firewall, multicloud networking and more.
Persons: Matthew Prince
Here are the top AI picks for 2024 from Baird
  + stars: | 2024-03-05 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +3 min
To try and offer up some alternate names, Baird released an updated 2024 edition of its stock picks targeting top ideas in artificial intelligence and machine learning in a 34-page report out Tuesday. "While the implications of AI vary across sectors, we collectively believe the AI tidal wave is still in the early innings," a team of analysts led by Tristan Gerra wrote. Another name Baird recommended was cloud cybersecurity firm Cloudflare , which surged last month after topping analyst expectations in its fourth quarter. "Though AI's impact on NET's revenue is still unfolding, the company is strategically positioning itself for the shift from AI training to inference," wrote Baird analyst Shrenik Kothari. "Cloudflare's focus on connectivity for AI applications and the optimization of its network for diverse AI use cases showcases its commitment to facilitating AI adoption and exploring new monetization avenues as the AI landscape evolves."
Persons: Baird, Tristan Gerra, Pinterest, Colin Sebastian, BofA, Shrenik Kothari, Marc Benioff's, Goldman Sachs, Goldman, Kash Rangan, — CNBC's Michael Bloom Organizations: Nasdaq, Nvidia, Micro Computer, Apple, Bank of America, Wall Street, TAM
Leading the way are health care, with 22%; tech, with 14%; and consumer products and financial services, tied at 10%. Kate Ryder is closing major gaps in women's and family health care with Maven. Michelle Zatlyn, co-founder and chief operating officer at Cloudflare, is giving companies AI tools to bolster cybersecurity and lower costs for vulnerable, critical infrastructure providers, including schools and local election systems. The Changemakers serve as a reminder that success is a result of leading in ways that are authentic. In the book she explored the concept of "reformers" — women working to fix broken systems.
Persons: Anat Ashkenazi, Eli Lilly, Svanika Balasubramanian, Bobbie, Laura Modi, Baby2Baby, Norah Weinstein, Kelly Sawyer Patricof, Alex Cooper, Tracee Ellis Ross, Naomi Osaka, Balasubramanian, Jessica Chang, Maayan Cohen, Kate Ryder, Maven, Monique Rodriguez, Jessica Berman, Kathy Hannun, Clara Shih, Michelle Zatlyn, Kristin Peck, Julia Boorstin Organizations: CNBC, U.S, RePurpose Global, rePurpose, Women's Soccer League, Dandelion Energy, cybersecurity Locations: Changemakers, Cloudflare
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: Cloudflare is a 'must hold onto' stock, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Public Storage, Vistra, HubSpot, AMN Healthcare, Cloudflare and Carvana.
Persons: Jim Cramer Organizations: AMN Healthcare, Cloudflare
Cramer's Lightning Round: Cloudflare is a buy
  + stars: | 2024-02-26 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Public Storage's year-to-date stock performance. Stock Chart Icon Stock chart icon Vistra's year-to-date stock performance. Stock Chart Icon Stock chart icon HubSpot's year-to-date stock performance. Stock Chart Icon Stock chart icon Cloudflare's year-to-date stock performance. You must hold on to Cloudflare, and if it gets hit, you buy more [buy, buy, buy!]."
Persons: Let's, Cloudlfare, Matthew Prince, Carvana, Ernie Garcia, Jim Cramer's Organizations: AMN Healthcare Services, AMN Healthcare Locations: Cloudflare
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKeeping the attention focusedOne HR professional told Business Insider that the staggered announcements might be the company's way of keeping its attention focused. "The benefit is the next day the entire focus of communication and support is dedicated to the separating employees," Varelas told BI. Drawbacks to making employees wait overnight to hear if they've been laid offHowever, it is a less than ideal way to conduct layoffs because it worries both retained and separated employees, Varelas said.
Persons: , RJ Scaringe, Elaine Varelas, Varelas, Rob Smedley, Freeths, Smedley, they'd, they've, Gearalt Fahy, Womble Bond Dickinson, Fahy, Michael Doolin, Dooley, Rivian Organizations: Service, Business, Keystone Partners, Google, Clover Locations: Southern California
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