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The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
FormFactor (FORM) acquires FRT for approximately EUR 19.7 million in cash, in a bid to expand presence in the testing and measurement space.
Pure Storage (PSTG), Skyworks Solutions, and Qorvo (QRVO) shares rose in early market trading today. So far, Skyworks has returned 4.6%, respectively.
Skyworks' (SWKS) Wi-Fi 6 compliant connectivity solutions gain traction among notable companies offering mesh network and connected home devices.
The trade war intensifies with blacklisting of 28 Chinese companies and imposition of visa restrictions. Thus, investing in REITs seems to be a safer option as of now.
Mizuho Bank Ltd. and Societe Generale SA are defying consensus by predicting the Monetary Authority of Singapore will adjust the slope of its nominal-effective-exchange-rate policy band to zero, from 1%, to counter slowing economic growth.
Ambarella (AMBA) stock fell up to 12% today. The stock is trending downward after the US added several more Chinese companies to its Entity List.
Investors are cautious about an upcoming slowdown. As expected, tech stocks like Cisco, Shopify, Alteryx, and others have led the sell-off.