The native coin of the crypto currency exchange Binance ( CRYPTOCAP:BNB ) price has been in a close consolidation phase for nearly 13 weeks. With each passing daily candlestick close, CRYPTOCAP:BNB gets squeezed more, suggesting a steady decline in volatility. These types of continuous consolidation in price actions are usually followed by a massive breakout,...
Binance has burned 1.35 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens in its 22nd batch of its SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism, marking a bearish pattern in the crypto exchange's net burn. The total SEED_DONKEYDAN_MARKET_CAP:LUNC burn by Binance has now surpassed 60 billion, accounting for more than 52% of the total ...
The 1INCH ( CRYPTOCAP:1INCH ) price is likely to face a pullback after rallying 15% since Tuesday, but a price decline towards $0.471-$0.443 could provide an opportunity for sidelined buyers. The price rally is fueled by rising Open Interest, which indicates the total number of outstanding derivative contracts and whether money flows into the contract are...
MongoDB shares ( NASDAQ:MDB ) fell more than 20% in premarket trading on Friday due to weak guidance from the company. The document-oriented database provider, which makes money by selling add-on features and support for its open-source document-oriented database, guided fiscal second-quarter adjusted earnings of between 46 cents and 49 cents per share, well below...
SentinelOne's stock (NYSE: NYSE:S ) fell 14% following its mixed first-quarter financial results, which reported quarterly losses of 23 cents per share, significantly missing the analyst consensus estimate of losses of 5 cents by 360%. However, the company posted quarterly sales of $186.4 million, surpassing the analyst consensus estimate of $181.09 million by...
Gap shares ( NYSE:GPS ) surged more than 27% in Friday's trading session after the clothing and accessories retailer posted a better-than-expected quarterly earnings report and raised its full-year guidance. Comparable store sales in the quarter rose 3% from a year earlier, driven by each of Gap's four brands posting positive same store sales in the period. New...
Hamster Kombat, a popular crypto game on Telegram, is set to launch its token on The Open Network ( LSE:TON ). With 60 million users and 20 million subscribers, Hamster Kombat has gained significant popularity in the crypto industry. The game, based around a hamster CEO, has amassed 60 million users since its launch in March. Notcoin ( GETTEX:NOT ), another...
Zscaler's stock surged 5.94% on an unexpected profit, following a surprise profit of $19.1 million for the quarter. The company posted a revenue of $553.2 million, up 32% from last year and topped analysts' expectations of $535.2 million. Zscaler's fourth-quarter revenue guidance was mostly in line with estimates of $567.6 million, which would be up nearly 25%...
Trump Media & Technology Group, ( DJ:DJT ) the owner of Truth Social, experienced a slump in shares after former President Donald Trump was found guilty in his hush money trial. A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex....
Marvell Technology ( NASDAQ:MRVL ) reported a significant increase in its data center division's first-quarter revenue, but this did not offset declines in other segments. The company warned in March that sales figures would likely disappoint, but said that its non-data center divisions should recover in the second half of the year. The total revenue for the...
Veeva Systems Inc., ( NYSE:VEEV ) a leading provider of cloud solutions for the global life sciences industry, announced its fiscal 2025 first quarter results, which showed a 24% increase in revenues and a 29% increase in subscription services revenues. Operating income increased by 152% YoY to $155.2 million, while non-GAAP operating income rose by 66% YoY to...
Dell Technologies shares ( NYSE:DELL ) fell about 17% in premarket trading on Friday, as the PC and server maker expects significant AI investments to impact its quarterly profit. Dell is on track to lose more than $17 billion in market value if premarket losses hold. The stock has more than doubled this year. Companies like Dell have been investing heavily in...
C3.ai ( NYSE:AI ), an AI software company, is expected to see revenue growth of around 23% in fiscal year 2025, with plans to continue investing in development to establish market leadership and build a profitable enterprise software company. The company is focusing on addressing a potentially $1 trillion addressable software market, which is considered the...
Solana ( CRYPTOCAP:SOL ), the popular cryptocurrency, has been regaining attention as it hosts Bitcoin Ordinals on its associated Phantom Wallet. The platform has announced that Bitcoin support is now out of beta and available to everyone, eliminating the need for users to rely on centralized exchanges or unfamiliar wallets for collecting Ordinals. The team of...
Okta ( NASDAQ:OKTA ), the leading independent identity partner, has announced its financial results for the first quarter of fiscal year 2025. The company reported a 19% year-over-year increase in Q1 revenue and a 20% year-over-year increase in subscription revenue. The current remaining performance obligations (cRPO) also increased by 15% to $1.949 billion. The...
Apple ( NASDAQ:AAPL ) has emerged as the talk of tech town ahead of WWDC24, with reports claiming the company is in partnership with OpenAI for AI integration into iOS and macOS models. Although no official statement by the firms has surfaced in the market, the news has taken the industry by storm. Apple remains poised to unveil AI features in the upcoming WWDC,...
Notcoin ( GETTEX:NOT ) has seen a significant price rally, reaching an all-time high with 150% weekly gains. The Telegram-based cryptocurrency has surpassed popular meme coins like Shiba Inu, BONK, and Pepe Coin in terms of on-chain holders. However, the Notcoin ( GETTEX:NOT ) Relative Strength Index (RSI) levels indicate that it is currently overbought, with a...
UiPath ( NYSE:PATH ) shares plummeted 34.75% following an unexpected CEO shakeup and weak sales guidance. CEO Rob Enslin is stepping down on June 1 and will be replaced by co-founder Daniel Dines, who had resigned as co-CEO on January 31. The company cited a softening macroeconomic environment and the leadership transition for its weaker-than-expected sales...