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Salesforce Raises Prices: 3 Reasons Its Stock Price Will Follow
MarketBeat· 2025-06-18 14:07
Salesforce NYSE: CRM raised its prices, and its share price will soon follow for three reasons that begin and end with its pricing decision. The decision may appear to be bad news, impairing the company’s appeal to its consumers, but it aligns with technology industry trends and will ultimately accelerate its growth. Salesforce TodayCRMSalesforce$260.77 -1.57 (-0.60%) 52-Week Range$229.23▼$369.00Dividend Yield0.64%P/E Ratio40.77Price Target$346.34Add to WatchlistThe increase, worth an average of 6% across ...
Tenable Research Finds Pervasive Cloud Misconfigurations Exposing Critical Data and Secrets
Globenewswire· 2025-06-18 13:00
Core Insights - The 2025 Cloud Security Risk Report by Tenable highlights the urgent need for unified cloud exposure management due to widespread risks from insecure cloud configurations [1][2] Cloud Security Risks - 9% of publicly accessible cloud storage contains sensitive data, with 97% classified as restricted or confidential, increasing the risk of exploitation [1][2] - Exposed sensitive data, misconfigurations, and poorly stored secrets such as passwords and API keys significantly heighten cloud environment risks [2][5] Organizational Vulnerabilities - Over half of organizations (54%) store at least one secret directly in AWS Elastic Container Service (ECS) task definitions, creating direct attack paths [7] - Similar vulnerabilities are found in Google Cloud Platform (GCP) Cloud Run (52%) and Microsoft Azure Logic Apps workflows (31%) [7] - 3.5% of all AWS Elastic Compute Cloud (EC2) instances contain secrets in user data, posing major risks given EC2's widespread use [7] Toxic Cloud Combinations - The percentage of organizations with a "toxic cloud trilogy" (publicly exposed, critically vulnerable, and highly privileged workloads) has decreased from 38% to 29%, but this remains a significant risk [7] Identity Management Challenges - While 83% of AWS organizations follow best practices in using Identity Providers (IdPs) for cloud identity management, risks persist due to overly-permissive defaults and excessive entitlements [7]
AI Innovators Worldwide Choose Oracle for AI Training and Inferencing
Prnewswire· 2025-06-18 12:00
Fireworks AI, Hedra, Numenta, and Soniox experience accelerated performance and cost efficiency with Oracle Cloud Infrastructure AUSTIN, Texas, June 18, 2025 /PRNewswire/ -- AI innovators across the world are using Oracle Cloud Infrastructure (OCI) AI infrastructure and OCI Supercluster to train AI models and deploy AI inference and applications. Fireworks AI, Hedra, Numenta, Soniox, and hundreds of other leading AI innovators have selected OCI for its scalability, performance, cost efficiency, choice of co ...
OTC Markets Group Welcomes Digital Brands Group, Inc. to OTCQX
Globenewswire· 2025-06-18 11:00
NEW YORK, June 18, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Digital Brands Group, Inc. (OTCQX: DBGI), a company specializing in eCommerce, fashion, and luxury lifestyle brands, has qualified to trade on the OTCQX® Best Market. Digital Brands Group, Inc. upgraded to OTCQX from the Pink® market. Digital Brands Group, Inc. begins trading today on OTCQX under the symbol “DBGI.” U.S. investor ...
Oracle Adds AMD GPUs in Cloud Infrastructure: Will This Aid Growth?
ZACKS· 2025-06-17 16:31
Core Insights - Oracle is leveraging its Oracle Cloud Infrastructure (OCI) to drive AI growth, with OCI consumption revenues increasing by 62% in Q4 fiscal 2025, reflecting a strong demand for high-performance computing, particularly for AI workloads [1][8] - The company reported total cloud revenues of $6.7 billion in Q4 fiscal 2025, indicating a year-over-year growth of 27% [1][8] - Oracle has partnered with AMD to integrate AMD Instinct MI355X GPUs into OCI, achieving over 2X price-performance compared to previous generations, enhancing efficiency for large-scale AI workloads [2][8] - Oracle is aggressively expanding its global data center presence, currently operating in 23 cloud regions with plans for an additional 47, expecting OCI revenues to grow over 70% in fiscal 2026 [3][8] - The company deployed $9.1 billion in capital expenditures in the reported quarter, totaling $21.2 billion for fiscal 2025, with plans to invest $25 billion in fiscal 2026 [3][8] Competitive Landscape - Oracle faces significant competition in the cloud computing space from Amazon Web Services (AWS) and Microsoft Azure, both of which have established strong market positions [4][5][6] - AWS commands approximately one-third of the global cloud infrastructure market, benefiting from a growing enterprise customer base and high-margin services [5] - Microsoft Azure is recognized for its seamless integration with enterprise applications and advanced AI capabilities embedded in widely used software [6] Financial Performance - Oracle's stock has increased by 26.6% year-to-date, outperforming the Zacks Computer - Software industry's growth of 11% [7] - The company trades at an EV/EBITDA multiple of 26.7x, higher than the industry average of 19.24x, indicating strong market expectations for future growth [9] - The Zacks Consensus Estimate for Oracle's fiscal 2026 revenues is $66.73 billion, reflecting a year-over-year growth of 16.25%, with earnings estimated at $6.68 per share, indicating a growth of 10.78% from fiscal 2025 [10]
Making Intel Great Against AMD: Don't Fear The Latter's Share Gain
Seeking Alpha· 2025-06-17 16:12
Don’t just invest—dominate with Tech Contrarians' realized return on closed positions of 65.8% since inception. You’ll get exclusive insights into high-focus stocks, curated watchlists, one-on-one portfolio consultations, and everything from live portfolio tracking to earnings updates on 50+ companies. Subscribe today for 20% off.Markets are rallying this week after taking a sharp hit Friday on trouble in the Middle East between Israel and Iran that sent oil up and semis down for the day. The top performer ...
Broadcom Delivers the Modern Private Cloud with VMware Cloud Foundation 9.0
Globenewswire· 2025-06-17 16:00
Core Insights - Broadcom has announced the general availability of VMware Cloud Foundation (VCF) 9.0, a modern private cloud platform that integrates agility and scalability of public cloud with the security and cost benefits of on-premises environments [1][2] - VCF 9.0 supports a unified operating model for various applications, including traditional, modern, and AI workloads, enhancing innovation and operational efficiency for enterprises [2][4] Product Features - VCF 9.0 introduces a single unified platform that simplifies deployment and operations, allowing enterprises to focus on higher-value projects rather than maintaining infrastructure [2][3] - The platform features a new architecture that streamlines the experience for building, operating, and securing private clouds across various environments [4][5] - A unified interface for cloud administrators enhances operational efficiency, enabling scalable fleet management and centralized identity management [5][6] Cost Management - VCF 9.0 provides superior cost transparency and predictability compared to public cloud, offering comprehensive insights into total cost of ownership (TCO) [8] - Built-in analytics facilitate predictive cost modeling and automated resource optimization, helping organizations manage cloud spending effectively [8] Security and Compliance - The platform is designed to ensure data sovereignty and security, featuring a new SecOps dashboard for monitoring compliance and security controls [9] - VCF 9.0 supports the latest confidential computing technologies, allowing organizations to deploy secure workloads across diverse infrastructures [9] Customer Outcomes - Customers report significant operational improvements, such as a 70% reduction in IT manual tasks through automation and a 25-30% decrease in power consumption and costs due to increased server performance [2][10] - The platform enables faster deployment of applications and security patches, enhancing overall business resilience [2][10] Advanced Services - VCF 9.0 includes advanced services that accelerate innovation in private cloud environments, providing tools similar to those available in public cloud [11] - New solutions such as VMware Private AI Foundation and VMware Live Recovery enhance capabilities for AI workloads and disaster recovery [13][14] Partner Ecosystem - Broadcom collaborates with partners like AMD, Microsoft, and Intel to enhance the performance and security of VCF 9.0, ensuring it meets the evolving needs of enterprises [12][14]
Reliance Global Group Signs Letter of Intent to Sell Fortman Insurance for $5 Million in Cash
Globenewswire· 2025-06-17 15:45
Core Viewpoint - Reliance Global Group, Inc. has signed a non-binding Letter of Intent to sell Fortman Insurance Agency for $5 million, indicating a strategic move to unlock capital for the acquisition of Spetner Associates, which is expected to enhance shareholder value and operational efficiency [1][3][4]. Group 1: Transaction Details - The sale price of $5 million represents a significant premium over the original acquisition cost of Fortman, showcasing the company's ability to enhance and monetize its assets [1][3]. - Proceeds from the sale are intended to support the acquisition of Spetner Associates, a rapidly growing insurance platform that is expected to generate strong cash flow [3][4]. Group 2: Operational Enhancements - Since its acquisition, Reliance has made operational improvements at Fortman, including upgrading internal systems and establishing a strong leadership team, resulting in a well-capitalized agency with a growing customer base [2]. - The company aims to replace Fortman with Spetner to align with its long-term vision for scale, synergy, and sustained cash flow generation [4]. Group 3: Strategic Vision - The CEO of Reliance emphasized that the potential sale of Fortman reflects a disciplined capital allocation strategy and a commitment to value creation, highlighting the underlying value across the company's broader portfolio [3]. - Reliance's strategy focuses on pursuing transformative and accretive growth opportunities within the InsurTech and insurance agency industries [4].
Astera Labs Soars on Expanding AI Reach With Alchip, NVIDIA Deals
ZACKS· 2025-06-17 14:56
Core Insights - Astera Labs (ALAB) is emerging as a key player in AI and cloud connectivity, with a remarkable 144% year-over-year revenue growth in Q1 2025, driven by strong demand for its product families [1][9] - The company is strategically expanding its market presence through partnerships, notably with Alchip Technologies, to enhance AI infrastructure adoption [2][6] Business Performance - ALAB reported a significant revenue increase of 144% year-over-year in Q1 2025, attributed to robust demand across its product lines [1][9] - The Zacks Consensus Estimate for ALAB's 2025 earnings indicates a 60.7% improvement year-over-year [12] Strategic Collaborations - The partnership with Alchip Technologies aims to integrate advanced connectivity and ASIC design capabilities, enhancing ALAB's position in the AI value chain [2][6] - Collaborations with ecosystem leaders like Wistron and NVIDIA further strengthen ALAB's competitive edge in the AI and cloud infrastructure market [7] Market Position and Valuation - ALAB's shares have rallied over 30% in the past three months, outperforming both the Internet-Software industry and the S&P 500 [3] - Currently, ALAB trades at a forward 12-month price-to-sales ratio of 18.63X, which is below its 1-year median of 19.90X but remains overvalued compared to the industry [13]
Woodward Wins Key Airbus A350 Contract for Spoiler Actuation System
ZACKS· 2025-06-17 14:25
Core Insights - Woodward, Inc. has been selected by Airbus SE to supply the electro-hydraulic Spoiler Actuation System for the A350 aircraft, covering 12 of the 14 spoilers and including long-term maintenance and repair services under Airbus' Flight Hour Services program [1][9] - The spoiler actuation system is crucial for flight control, affecting lift disruption, roll control, and braking during landing, contributing to the A350's reputation for fuel efficiency and advanced aerodynamics [2] - The announcement at the Paris Airshow enhances Woodward's position as a leader in aerospace control systems, reflecting Airbus' confidence in Woodward's technology and production reliability [3] Company Performance - Woodward's Aerospace segment is experiencing robust growth, with a reported 12.9% year-over-year increase in sales, driven by a 52% rise in defense OEM and 23% growth in commercial aftermarket sales [5] - For fiscal 2025, Woodward expects Aerospace revenue growth to be between 8-13%, an increase from the previous estimate of 6-13%, with earnings projected at 20-21% of revenues [6][9] - The ongoing collaboration with Airbus is expected to provide stable, recurring revenue and enhance Woodward's competitive edge in the aerospace market [4] Market Dynamics - The commercial aerospace market is cyclical, and Woodward faces competition from major domestic and international players, with potential impacts from market dynamics such as new product launches and pricing fluctuations [7] - Supply chain issues remain a challenge for the Aerospace segment, but the overall demand in the aerospace industry is driving Woodward's performance [5][7] Stock Performance - Woodward currently holds a Zacks Rank 2 (Buy), with shares increasing by 26.7% over the past year, compared to the industry's growth of 41.2% [8]