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Cloud software company GitLab Inc (NASDAQ:GTLB) is exploring a potential sale after receiving acquisition interest, according to sources familiar with the matter, according to a Reuters report. Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) holds a 22.2% voting stake in GitLab through its venture capital arm. Also Read: GitLab Q1 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More GitLab, which has a market value of about $8 billion, is working with investment bankers to manage the sale process, which has garnered interest from peers, including cloud monitoring firm Datadog Inc (NASDAQ:DDOG), Reuters reports. Deal-making in the technology sector is on the rise, dr

GitLab Inc (NASDAQ:GTLB) stock traded higher on Wednesday after the company disclosed that its board amended its severance plan after a periodic review. The revisions clarified that the board cannot cancel an individual’s equity awards without consideration during a corporate transaction, affecting certain team members and named executive officers. In June, GitLab reported first-quarter revenue of $169.187 million, beating analyst consensus estimates of $165.887 million. The company reported first-quarter adjusted EPS of $0.03, beating analyst estimates for a loss of $(0.04). Revenue was up 33% on a year-over-year basis. Customers with more than $5,000 of ARR increased to 8,976, up 

Michael Dell, CEO of Dell Technologies Inc. (NYSE:DELL), is set to sell 10 million shares valued at approximately $1.3 billion, as revealed in a recent regulatory filing dated June 6. This year could mark a record in Michael Dell’s selling history, surpassing the total from 1999 during the peak of the internet bubble. This follows an earlier transaction where the billionaire and the Michael & Susan Dell Foundation sold shares worth $1.6 billion, positioning 2024 as potentially his most significant year of stock liquidation, according to a report from Bloomberg. The year 1999 saw Michael Dell selling $1.7 billion in stock, just before the burst of the internet bubble. These planned s

Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services (AWS) unveiled its plan to invest €7.8 billion in the AWS European Sovereign Cloud in Germany through 2040.  The initiative will commence with the launch of the first AWS Region in the State of Brandenburg, Germany, by the end of 2025, catering to all customers. The long-term investment by AWS will foster productivity gains, drive digital transformation in businesses, strengthen the AWS Partner Network (APN), enhance the skills of the cloud and digital workforce, and foster renewable energy projects. AWS’s extensive investment is forecasted to contribute €17.2 billion to Germany’s GDP by 2040.  Additionally, it is expected to sus

DigitalOcean Holdings Inc (NYSE:DOCN) shares are trading higher Friday after it reported fiscal first-quarter results. Revenue grew 12% year over year to $184.73 million, beating the analyst consensus estimate of $182.58 million. Adjusted EPS of $0.43 surpassed the analyst consensus estimate of $0.38. Annual Run-Rate Revenue (ARR) ended the quarter at $749 million, up 12% year over year, and Average Revenue Per Customer (ARPU) increased 8% year over year to $95.13. Builders and Scalers (customers spending over $50 per month) grew 8% Y/Y, and their revenue rose 13% Y/Y in the quarter. Adjusted EBITDA rose 33% Y/Y to $74 million, with a margin of 40% vs. 34% a year ago. As of

Appian Corp (NASDAQ:APPN) reported fiscal first-quarter 2024 revenue growth of 11% year-on-year to $149.84 million, marginally beating the analyst consensus of $149.76 million. Adjusted EPS loss of 24 cents missed the analyst consensus loss of 16 cents. The stock price plunged close to 20% after the results. Total subscription revenue increased 19% year over year to $117.7 million. Professional services revenue was $32.1 million, down 11% year over year. Outlook: Appian expects second-quarter revenue of $140.00 million – $144.00 million, up by 10% – 13% Y/Y against the consensus of $145.25 million. It projects an adjusted EPS loss of 34 cents to 28 cents versus the 0.29 cents consen

Global X’s investment chief, Jon Maier, reflects on the investment landscape for 2024, which is shaping up to be particularly interesting, thanks to AI-related stocks, cloud computing, cybersecurity, emerging markets, and small caps for potential growth. What Happened: Maier, who is associated with the  $48 billion award-winning AI exchange-traded fund (ETF) provider Global X, has identified several promising sectors for investors in 2024, reported Business Insider. Among them, AI-related stocks, including Nvidia (NASDAQ:NVDA), cloud computing, and cybersecurity, stand out as “naturals that fit together.” Maier suggests investors consider the Global X Cloud Computing ETF (NASDAQ:CL

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 129 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:       September 23, 2022 Record Date:       September 26, 2022 Payable Date:       September 30, 2022 Ticker   Exchange   Fund Name   Frequency     Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS     First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly     $0.1000 FEMB

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date:   June 24, 2022   Record Date:   June 27, 2022   Payable Date:   June 30, 2022 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III    FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0925 FEMB   N

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 120 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: March 25, 2022 Record Date: March 28, 2022 Payable Date: March 31, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0900 FEMB Nasdaq First Trust Emerging Markets

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 133 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   December 23, 2021 Record Date:   December 27, 2021 Payable Date:   December 31, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   Short-Term Capital Gain Per Share Amount   Long-Term Capital Gain Per Share Amount           ACTIVELY MANAGED EXCHANGE-TRADED FUNDS                    First Trust Excha

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   September 23, 2021 Record Date:   September 24, 2021 Payable Date:   September 30, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0900 FEMB   Nasdaq  

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   June 24, 2021 Record Date:   June 25, 2021 Payable Date:   June 30, 2021   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren