Artificial intelligence (AI) data cloud provider Snowflake Inc. NYSE: SNOW has had a series of misfortunate events, ranging from an earnings miss to data breaches, that caused its stock to tumble to 52-week lows at $122.60 on June 25, 2024. However, the shares have been able to rally for four consecutive days following the low … Read more
$60.11 -0.98 (-1.60%) (As of 07/8/2024 ET) 52-Week Range $44.12 ▼ $81.24 P/E Ratio 39.29 Price Target $70.03 Leading cybersecurity provider Fortinet Inc. NASDAQ: FTNT stock has been lagging behind its peers and the benchmark indexes, trading up just 3.8% year-to-date (YTD). The company offers security-as-a-service (SaaS) through the cloud, primarily billing through a subscription model. … Read more
Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company’s guidance is for growth but tepid, anemic growth compared to the whisper expectations. The guidance resulted in a 50% decline for the stock from peak to bottom, assuming a bottom is … Read more
PRGS Progress Software $54.36 -0.72 (-1.31%) (As of 07/8/2024 ET) 52-Week Range $48.00 ▼ $62.34 Dividend Yield 1.29% P/E Ratio 33.15 Price Target $63.14 Progress Software NASDAQ: PRGS is a technology company within the systems software sub-industry. The stock reached its 2024 low on Jun. 20, when it was down nearly 11% year to date. The … Read more
The rise of artificial intelligence has been a gift for investors who own one or more of the technology stocks that stand to benefit from AI. Not only has this been a good trade, but many of these stocks, such as NVIDIA Corp. NASDAQ: NVDA and Microsoft Corp. NASDAQ: MSFT, are also great buy-and-hold stocks. … Read more
$466.24 -1.32 (-0.28%) (As of 07/8/2024 ET) 52-Week Range $309.45 ▼ $468.35 Dividend Yield 0.64% P/E Ratio 40.37 Price Target $467.12 With its stock closing at another record high last night, around $450, it’s safe to say that Microsoft Inc NASDAQ: MSFT is having a great year so far. The tech titan is up more than … Read more