EATONTOWN, N.J., June 27, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) is proud to announce a distribution agreement with Egnyte, a leader in secure content collaboration, intelligence, and governance. This partnership enables Climb to deliver Egnyte’s cloud-native platform to partners and their customers across the United States, reinforcing Climb’s commitment to expanding acces ...

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Core Insights - Dell Technologies is expanding its cloud services through its infrastructure solutions and partner base, focusing on multi-cloud solutions and advanced AI infrastructure via its APEX platform [1] Financial Performance - In Q1 FY26, Dell's Infrastructure Solutions Group (ISG) revenues increased by 12% year over year to $10.31 billion, driven by a 16% growth in servers and networking revenues, totaling $6.32 billion [2][10] - The Zacks Consensus Estimate for Q2 FY26 earnings is $2.26 per share, reflecting a 19.58% year-over-year increase, while the estimate for FY25 earnings is $9.43 per share, indicating a 15.85% year-over-year growth [14] AI and Cloud Strategy - Dell's AI prospects are strong, with increasing demand for AI servers due to digital transformation and interest in generative AI applications, particularly for its PowerEdge XE9680L AI-optimized server [4] - The company launched a hybrid cloud VDI Centre in partnership with Singapore's Institute of Technical Education to enhance digital learning and address the AI skills gap [3] Competitive Landscape - Dell faces significant competition in the cloud market from Microsoft and Alphabet, with Microsoft Cloud revenues reaching $42.4 billion, growing 21% year over year, and Google Cloud revenues increasing by 28.1% to $12.26 billion [5][7] Stock Performance and Valuation - Dell's shares have gained 4.9% year to date, outperforming the broader Zacks Computer & Technology sector's return of 3.7% [8] - Dell is trading at a forward Price/Sales ratio of 0.77X, compared to the sector's 6.45X, indicating a premium valuation [12]

Core Insights - Arista Networks, Inc. (ANET) has expanded its multi-cloud and cloud-native software offerings with the introduction of CloudEOS Edge and new cognitive Wi-Fi software, enhancing support for video conferencing applications [1][2] - The acquisition of Awake Security has strengthened Arista's cognitive campus portfolio, introducing new modular chassis and fixed switches, along with unified edge innovations for enterprise workspaces [2] - Arista's software-driven, data-centric approach positions it well for growth in the data-driven cloud networking market, particularly in high-speed Ethernet switching [3] Company Developments - Arista's recent product launches include CloudEOS Edge and cognitive Wi-Fi, aimed at improving cloud-native and multi-cloud capabilities [1][6] - The acquisition of Awake Security enhances Arista's AI-based security offerings and cognitive campus solutions [2][6] - The company has seen a rise in earnings estimates for 2025, reflecting positive market sentiment towards its growth strategy [6][8] Market Position - Arista has experienced a price increase of 10.7% over the past year, compared to the industry's growth of 34.3% [6] - The company holds a leadership position in 100-gigabit Ethernet switching and is gaining traction in 200- and 400-gig high-performance switching products [3] - Arista's forward price-to-sales ratio stands at 13.47, which is above the industry average [7] Earnings Estimates - The Zacks Consensus Estimate for Arista's earnings for 2025 has increased over the past 60 days, indicating a positive outlook [8] - Recent estimate revisions show an increase of 8.33% for Q1 and 3.64% for E1, reflecting growing confidence in the company's performance [9]

Core Insights - Ciena Corporation has partnered with Telxius to achieve the first 1.3 terabit-per-second single-wavelength optical transmission over the 6,600-km Marea submarine cable, addressing the rising global demand for high-capacity bandwidth driven by AI and cloud computing [1][4] Group 1: Technology and Innovation - Ciena's WaveLogic 6 Extreme (WL6e) technology is pivotal in this achievement, offering a single-wavelength transmission capacity of up to 1.6 Tb/s while reducing power consumption and space requirements by up to 50% [2][10] - The system achieved a record spectral efficiency of 7.0 bits/s/Hz, enhancing data transmission efficiency across the Atlantic [3] Group 2: Market Position and Growth - Ciena is recognized as a leading choice for network operators expanding their networks for fast data center and cloud connections, leveraging its comprehensive portfolio of optical systems and software services [5] - The WL6e solution is estimated to have an 18 to 24-month lead over competitors, gaining traction with 24 new customers in the fiscal second quarter, totaling 49 customers shortly after its release [6][10] Group 3: Customer Adoption and Expansion - Ciena has also added 10 new WaveLogic 5 Extreme customers, bringing the total to 344, with notable service providers like Lumen and Korea Telecom utilizing this advanced technology [7] - WaveLogic 5 Nano pluggables are now being shipped to 178 cloud and service provider customers, indicating strong market demand [7] Group 4: Financial Performance and Challenges - Ciena's stock has risen 65% over the past year, outperforming the Zacks Communication-Components industry's growth of 36.9% [9] - The company faces challenges from new tariffs and trade tensions, which could impact material costs and margins, with an expected $10 million in tariff-related costs each quarter in fiscal 2025 [8]

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Core Viewpoint - Arista Networks is gaining attention from institutional investors due to its critical role in AI and cloud computing infrastructure, as evidenced by a recent stock price increase and high trading volume [1][8]. Group 1: Company Overview - Arista Networks specializes in high-speed networking switches, particularly 400G and 800G models essential for modern data centers [3]. - The company's technology is crucial for enabling communication between thousands of GPUs in AI data centers, acting as the infrastructure that supports AI operations [2]. Group 2: Competitive Advantage - Arista's software, the Arista Extensible Operating System (EOS®), provides a unified management system across its hardware, enhancing reliability and reducing operational costs for large data centers [4]. - The company is committed to open standards, positioning itself as a flexible choice for customers who prefer to avoid vendor lock-in, which is a significant advantage in the tech industry [6][7]. Group 3: Financial Performance - In Q1 2025, Arista reported revenue of $2.005 billion, a 27.6% increase year-over-year, and non-GAAP EPS of $0.65, surpassing analyst expectations of $0.59 [10]. - Management projects Q2 revenue to be approximately $2.1 billion, indicating strong ongoing demand [10]. - The board has approved a $1.5 billion stock buyback program, suggesting confidence in the company's valuation [10]. Group 4: Market Outlook - Analysts have a Moderate Buy consensus rating for Arista Networks, with a 12-month stock price forecast of $108.87, indicating a potential upside of 13.06% [8][9]. - The recent stock price increase reflects the market's recognition of Arista's robust technology and financial health [8].

Financial Performance & Growth - Cellebrite's ARR reached $408 million as of March 31, 2025, representing a 23% year-over-year growth[10, 68] - The company's LTM (Last Twelve Months) revenue was $419 million as of March 31, 2025[10] - Subscription revenue for Q1 2025 was $96 million, a 21% increase compared to $79 million in Q1 2024[68] - Adjusted EBITDA for Q1 2025 was $24 million, representing 22% of revenue, compared to $18 million (20%) in Q1 2024[68] - Cloud ARR experienced growth of over 150% in 2024 and is approaching 20% of the total ARR[45] Customer Base & Market - Cellebrite serves approximately 7,000 global customers[10] - The company has a strong presence in the public sector, including over 3,000 state and local accounts in North America[29] - Existing customers generate over 90% of ARR growth, indicating a strong opportunity for further adoption of the Digital Investigation Platform[32] - The company estimates over 1.5 million legally-sanctioned serious crime investigations utilized their solutions in 2024[10] Strategic Initiatives - Cellebrite is focused on upgrading its Inseyets install base, targeting over 50% upgrade in 2025 and upselling high-value modules[38] - The company is investing in AI innovation, embedding AI within all Cellebrite C2C flagship offerings[46] - Cellebrite acquired Corellium for $170 million in cash (with $20 million converted to equity) and a potential $30 million earn-out, to expand its TAM and innovation capabilities[62]

Six-time world champion Formula One team moves finance and HR processes to the cloud to increase efficiency and support cost cap complianceAUSTIN, Texas and MILTON KEYNES, UK, June 26, 2025 /PRNewswire/ -- Oracle Red Bull Racing is adopting Oracle Fusion Cloud Applications Suite to better support its multiple-championship-winning team. With Oracle Fusion Applications for finance, HR, and customer experience, Oracle Red Bull Racing will be able to increase productivity, reduce costs, and enhance the employee ...

Core Insights - HIVE Digital Technologies Ltd. reported total revenue of $115.3 million for FY2025, with a significant contribution from digital currency mining and high-performance computing (HPC) services [2][5] - The company achieved an adjusted EBITDA of $56.2 million, representing 48.7% of total revenue, despite a net loss of $3.0 million [5][6] - HIVE's digital currency mining revenue decreased by 5.2% year-over-year to $105.2 million, primarily due to the April 2024 Bitcoin halving and increased hash rate difficulty, although offset by a 40% increase in mining hashrate [5][6] Financial Highlights - Total revenue for FY2025 was $115.3 million, with digital currency mining contributing $105.2 million and HPC revenue at $10.1 million, which saw a 3x growth year-over-year [5][7] - The company mined 1,414 Bitcoin during the fiscal year, contributing to its digital asset holdings valued at $181.1 million, including 2,201 Bitcoin [5][6] - Gross operating margins were reported at $25.1 million, or 21.8% of total revenue, while general and administrative expenses increased to $16.6 million due to global expansion efforts [5][6] Management Insights - The company expanded its operational hashrate from 4.5 EH/s to 6.3 EH/s, a 40% increase, and acquired 300 MW of hydro-powered green energy sites in Paraguay [6][7] - HIVE aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continues to grow its Buzz HPC business [6][7] - The transition from IFRS to US GAAP is expected to enhance comparability with U.S.-listed peers and support growth ambitions in U.S. capital markets [6][7] Q4 FY2025 Highlights - For Q4 FY2025, total revenue was $31.2 million, with digital currency mining revenue at $28.1 million, reflecting a 5.5% sequential increase [7] - The company mined 303 Bitcoin in Q4, a 6% decrease from the previous quarter due to increased hashrate difficulty [7] - Buzz HPC revenue reached a record $3.0 million during the quarter, up 18.5% sequentially, driven by strong demand in high-performance computing markets [7]