Business

Cyberark Software Ltd (CYBR) Updates Q2 Earnings Guidance

Cyberark Software Ltd (CYBR) Updates Q2 Earnings Guidance

Zacks Investment Research lowered shares of Cyberark Software from a hold rating to a sell rating in a research report on Wednesday, January 11th. They issued an equal weight rating and a $55.00 price target on the stock. A year earlier, CyberArk earned 23 cents a share on sales of $46.9 million. CyberArk Software Ltd.is a provider of information technology (IT) security solutions that protects organizations from cyber-attacks.


HCL Technologies' net profit rises 27%

HCL Technologies' net profit rises 27%

Under the International Financial Regulatory Standards (IFRS), net income for Q4 grew 22.7 per cent YoY to $350 million from $285 million in like period year ago and 14.3 per cent QoQ from $306 million quarter ago (Q3). He added that for HCL Technologies more than 55% of about 12,500 workforce in the USA were locals. "We have been investing in the U.S. market over the last many years and our visa dependence is very low".


Boeing resumes 737 MAX test flights

Boeing resumes 737 MAX test flights

The Max is created to be a more fuel-efficient version of the workhorse 737, Boeing's most popular commercial plane. The 737 MAX 8, the first version of the plane to be built, seats 162 passengers in a typical two-class configuration. The delivery of a plane is a crucial step for Boeing since it receives the bulk of its payment, when it turns over the aircraft keys and airlines fly their new planes home from the factory.


Chinese Passenger Plane Takes off in Shanghai after Three Years of Delays

Chinese Passenger Plane Takes off in Shanghai after Three Years of Delays

The narrow-body of the first Chinese-made passenger jet - white with green and blue stripes with "C919" emblazoned on its tail - soared over Pudong global airport in the commercial hub Shanghai as a crowd of thousands cheered. With the takeoff, China's official Xinhua News Agency said the country had become "one of the world's top makers of jumbo aircraft", becoming the fourth jumbo jet producer after the U.S., Europe and Russian Federation.



Yes Bank under-reported NPAs for 2015-16, says annual report disclosure

New Delhi, May 12 Shares of ORIENTAL BANK OF COMMERCE (OBC) today slumped nearly 7 per cent after the company reported a net loss of Rs 1,218 crore for last quarter ended March 2017. Specific provision held in this account was Rs 227.9 Crores. In a media statement later during the day, the bank which is among the first to come out with an annual report, said the disclosure is due to RBI's April 18 circular.



Snap Co-Founder Evan Spiegel Just Lost More than $1 Billion

Snap reported fiscal first quarter revenue of $149.6 million, falling short of Wall Street's estimated $158 million. The company's "man-child CEO" is the " most frightening issue for investors in its shares", who "have no recourse but to pay the tuition for the CEO's on the job training", he writes at Forbes , also citing Snap's "undisciplined growth strategy".