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The latest estimates from research firm Gartner suggest enterprise software spend could grow at a double-digit rate both this year and next.
While companies such as HPE, Cisco and NetApp are signaling that macro headwinds are weighing on their hardware sales, major software and public cloud players are singing a very different tune.
Cisco blamed its light guidance on macro headwinds. But as its own numbers show, software and security spending is holding up better than hardware spending in this environment.
As NetApp tumbled and sparked a broader selloff in enterprise hardware stocks, AWS and other cloud giants are still reporting strong growth.
Here we go folks, a sampling of this morning's upgrades, downgrades and initiations. I'll be back with some thought on these after I get another cup of my morning fuel (coffee). Upgrades Sprint by UBS from Neutral to Buy with a $10 price target Res...
Samsung's latest flagship phones contain meaningful hardware improvements, and reviews have been pretty good. They're unlikely to be smash hits, but demand could be better than feared.
The IT hardware giant beat EPS estimates with the help of margin growth and buybacks. But revenue fell short amid lower server and IT services sales.
"We are still perceived as just a hardware company and that's not true," Robbiati said.
These names are showing technical signs of either bullish or bearish reversal patterns.
Some parts of Dell's empire are well-positioned to grow. Others face major challenges.
In a talk with TheStreet, CEO George Kurian says macro conditions still bode well for IT spending, and that NetApp continues taking flash storage share from rivals.
Innovative flash storage offerings and software that integrates well with public clouds have helped NetApp grow in a challenging environment.
Your best defense against markets that twist and turn in undesirable ways is to know what you are trying to accomplish.
Cloud adoption and other trends are making life tough for the some of the storage industry's traditional giants.
Apple isn't the biggest winner from Trump's plans for a tax holiday. These three stocks are...
Aggressive traders can buy NTAP here and on a close above $40, risking a close below $35.