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July 31 (Reuters) - New Relic (NEWR.N) said it has agreed to be taken private by TPG (TPG.O) and Francisco Partners in a $6.5 billion all-cash deal amid stiff competition in the application performance monitoring space from rival software companies Datadog and Dynatrace. New Relic's shares rose about 13% to $83.85 on Monday following the deal involving the private equity firms. New Relic reported annual revenue growth of about 18% compared with Dynatrace's (DT.N) 25% jump. New Relic on Monday reported first-quarter revenue of $242.6 million, compared with analysts' estimates of $239.2 million, according to Refinitiv IBES data. Qatalyst Partners is the company's financial adviser, while Morgan Stanley is the lead financial adviser for Francisco Partners and TPG.

Persons: Kingsley Crane, Genuity, Jana, Morgan Stanley, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Shounak Organizations: TPG, Francisco Partners, Francisco, New, Jana Partners, Eminence Capital, Qatalyst, Thomson Locations: ., Bengaluru

Both Amazon and Alphabet will likely report their lowest-ever growth for the cloud computing business at 9.8% and 24.4%, respectively, according to analysts polled by Refinitiv. Meanwhile Microsoft Intelligent Cloud, home to Azure, is expected to grow at 13.7%, the slowest rate since 2017. The digital ad market recovery will also aid Alphabet, whose Google Search has so far avoided any meaningful market share loss to Microsoft's AI-powered Bing. Alphabet is expected to report 4.5% revenue growth in the April-June period, its best in three quarters. Microsoft and Alphabet will report quarterly results on July 25, Meta on July 26 and Amazon on Aug. 3.

Persons: Lucy Nicholson, Kingsley Crane, Rishi Jaluria, Jaluria, Bernstein, Yuvraj Malik, Aditya Soni, Shounak Dasgupta Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, Refinitiv, RBC Capital, Facebook, Meta, BofA Global Research, Thomson Locations: Los Angeles , California, Bengaluru

☆ AI stocks tumble after short-seller attack on C3.ai
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

Shares of C3.ai were down 10% in early trading, while those of Thai security firm Guardforce AI (GFAI.O) fell more than 14%. Data analytics firm BigBear.ai (BBAI.N) lost 7% and conversation intelligence company SoundHound AI (SOUN.O) declined 4%. C3.ai was one of the trending stocks on investor-focused social media platform Stocktwits.com. Kerrisdale had disclosed its short position in C3.ai last month and accused the company of "poor customer traction, failing sales partnerships and financial pressures." "It is not necessarily a systemic risk and should not affect other AI stocks near-term.

☆ Artificial intelligence bull sees trouble in the C3.ai rally
▼ + stars: | 2023-02-06 | by ( Melissa Lee | ) 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 EmailArtificial intelligence bull sees trouble in the C3.ai rallyKingsley Crane, Canaccord Genuity, on how to invest in AI. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Carter Worth.

☆ 'Fast Money' trader Dan Nathan thinks AI craze is ‘Sillyville.’ Here's why he's not buying it
▼ + stars: | 2023-02-06 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

On Monday, Alphabet's Google announced a new conversational AI technology it will open up to public testing, called Bard, which would rival ChatGPT. "This is a company that went public in late 2021," Nathan said on CNBC's " Fast Money " Monday night. "If we start seeing companies put .ai at the end of the company [name], we've been through that, we know what happens here," he added. "A lot of times if a company is saying they have superior AI, that could be a warning sign." The size and the quality of the data set an AI service uses is one of the best predictors of success, he added.

☆ Watch CNBC's full interview with Canaccord's Kingsley Crane
▼ + stars: | 2022-10-21 | 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 EmailWatch CNBC's full interview with Canaccord's Kingsley CraneCanaccord's Kingsley Crane joins 'TechCheck' to discuss his Datadog upgrade from hold to buy, the ongoing infrastructure demand for enterprise software and growth expectations for 2024.

☆ Growth acceleration is dominating the narrative around Datadog, says Canaccord Genuity's Kingsley Crane
▼ + stars: | 2022-10-21 | 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 EmailGrowth acceleration is dominating the narrative around Datadog, says Canaccord Genuity's Kingsley CraneCanaccord Genuity's Kingsley Crane joins 'TechCheck' to discuss his Datadog upgrade from hold to buy, the ongoing infrastructure demand for enterprise software and growth expectations for 2024.

☆ Canaccord Genuity upgrades Datadog, calls it a top software stock to play the battered sector
▼ + stars: | 2022-10-20 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The sell-off in Datadog 's stock creates an attractive buying opportunity for investors looking to take advantage of the crippled software sector, Canaccord Genuity said. Shares of the cloud software company have plummeted nearly 56% this year, with the new price target suggesting shares can jump 39% from Wednesday's close. Among his reasons for liking the stock, Crane cited opportunities from the company's newer and secondary products like its cloud cost management and cloud security offerings. "DDOG can easily demonstrate customer ROI from gaining detailed visibility into cloud usage trends and managing them as needed," he wrote. "If done right, it further cements DDOG's strategic foothold in a customer while also offering attractive upsell potential."

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