VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian. “I like the cloud security space
Business
In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York. Drew Angerer | Getty Images Investors are rushing to get a piece of privately held Impossible Foods before it goes public, according to the Wall Street Journal. Brokers handling transactions
Customers exit a Target Corp. store in Colma, California David Paul Morris | Bloomberg | Getty Images Target shares ended the trading day Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts’ expectations. And at least one analyst thinks there’s still more room to
Shares of Lowe’s surged more than 10% after the company posted better-expected results in its second quarter raised guidnace on Wednesday. That’s not the only thing that propped the stock’s rally during the session, if you ask CNBC’s Jim Cramer. After Home Depot — Lowe’s chief rival — beat profit estimations the day prior, a number
Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Nordstrom‘s stock soared by more than 17% after the company released a mixed earnings report that showed weakening sales, but handily beat Wall Street profit estimates. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv