Latest news with #Benand
Yahoo
a day ago
- Business
- Yahoo
Q1 Earnings Highlights: Couchbase (NASDAQ:BASE) Vs The Rest Of The Data Storage Stocks
As the Q1 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the data storage industry, including Couchbase (NASDAQ:BASE) and its peers. Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 7.1% on average since the latest earnings results. Formed in 2011 with the merger of Membase and CouchOne, Couchbase (NASDAQ:BASE) is a database-as-a-service platform that allows enterprises to store large volumes of semi-structured data. Couchbase reported revenues of $56.52 million, up 10.1% year on year. This print exceeded analysts' expectations by 1.7%. Overall, it was a satisfactory quarter for the company with an impressive beat of analysts' EBITDA estimates but a significant miss of analysts' billings estimates. "We had a great start to fiscal 2026, delivering the highest first quarter net new ARR in company history," said Matt Cain, Chair, President and CEO of Couchbase. Couchbase delivered the slowest revenue growth of the whole group. The stock is up 5.6% since reporting and currently trades at $19.60. Is now the time to buy Couchbase? Access our full analysis of the earnings results here, it's free. Originally formed in 1988 as part of Bell Labs, Commvault (NASDAQ: CVLT) provides enterprise software used for data backup and recovery, cloud and infrastructure management, retention, and compliance. Commvault Systems reported revenues of $275 million, up 23.2% year on year, outperforming analysts' expectations by 4.8%. The business had a very strong quarter with an impressive beat of analysts' billings estimates and a solid beat of analysts' EBITDA estimates. Commvault Systems pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 15.2% since reporting. It currently trades at $190.99. Is now the time to buy Commvault Systems? Access our full analysis of the earnings results here, it's free. Started by brothers Ben and Moisey Uretsky, DigitalOcean (NYSE: DOCN) provides a simple, low-cost platform that allows developers and small and medium-sized businesses to host applications and data in the cloud. DigitalOcean reported revenues of $210.7 million, up 14.1% year on year, exceeding analysts' expectations by 1%. Still, it was a mixed quarter as it posted EPS guidance for next quarter missing analysts' expectations. DigitalOcean delivered the weakest performance against analyst estimates and weakest full-year guidance update in the group. As expected, the stock is down 11.5% since the results and currently trades at $28.98. Read our full analysis of DigitalOcean's results here. Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time. Snowflake reported revenues of $1.04 billion, up 25.7% year on year. This result surpassed analysts' expectations by 3.4%. More broadly, it was a satisfactory quarter as it also produced a solid beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. Snowflake scored the fastest revenue growth among its peers. The company added 26 enterprise customers paying more than $1 million annually to reach a total of 606. The stock is up 17.7% since reporting and currently trades at $210.85. Read our full, actionable report on Snowflake here, it's free. Started in 2007 by the team behind Google's ad platform, DoubleClick, MongoDB offers database-as-a-service that helps companies store large volumes of semi-structured data. MongoDB reported revenues of $549 million, up 21.9% year on year. This number topped analysts' expectations by 4.1%. Overall, it was a very strong quarter as it also put up EPS guidance for next quarter exceeding analysts' expectations and a solid beat of analysts' EBITDA estimates. The company added 110 enterprise customers paying more than $100,000 annually to reach a total of 2,506. The stock is up 8.4% since reporting and currently trades at $216.65. Read our full, actionable report on MongoDB here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
12-05-2025
- Business
- Fashion Network
Luxe Collective shuts down after devastating break-in and stress toll on founders
'After a year-long fight after we were broken into last year, in which both me and my brother were doing all we could just to get us through to the next day, we are no longer able to continue. 'The last year has been the most painful in my life and to be honest, whilst I'm talking to you now, I'm overwhelmed with relief – I've never been so mentally and physically drained, stress and anxious.' He also said the break-in 'ultimately affected my leadership and strategic decision-making'. He explained that the break-in wasn't the only reason for the closure but it was linked because the stress meant he made choices that weren't 'the right ones'. He didn't specify those choices but added that 'I take 100% accountability for this – it's on me'. The business had been set up in 2018 by the Merseyside-based brothers Ben and Joe Gallagher with business partner Oliver Millar also coming on board. They started buying items from eBay and Depop and built up a thriving resale business with a reputation for quality and authenticity. It received the £100k investment for a 3% stake in the firm on the BBC TV show Dragons' Den. Despite the company having shared CCTV video of the robbery, the case was eventually closed with nobody being apprehended. While the company last autumn received an insurance payment to cover the value of the stock and was therefore able to pay out anyone who was selling their secondhand fashion through the platform on consignment, it wasn't the end of the problems. We've already mentioned the stress it brought with it. But just like any second-hand or antiques business, a huge issue is finding the stock to sell and Ben Gallagher had issued a social media appeal asking if anyone has 'anything to sell or might know someone who might have something to sell, go on our website, fill out a form and sell your items to us'. All employees have now been made redundant with Gallagher saying the thieves 'haven't just ruined the company… They've ruined the livelihoods of not just me and my brother, but all the amazing staff that we have had to make redundant and who've lost their jobs in the process.' But in a TikTok video, he also listed the firm's achievements, including creating business that 'was recognised all over the world and got the whole industry talking about us'. And he said the firm generated £30 million+ in revenue from a standing start with zero investment, also achieving over three million social media followers and a billion views. And in a touching moment he said it also strengthened his relationship with his brother.
Fashion Network
12-05-2025
- Business
- Fashion Network
Luxe Collective shuts down after devastating break-in and stress toll on founders
'After a year-long fight after we were broken into last year, in which both me and my brother were doing all we could just to get us through to the next day, we are no longer able to continue. 'The last year has been the most painful in my life and to be honest, whilst I'm talking to you now, I'm overwhelmed with relief – I've never been so mentally and physically drained, stress and anxious.' He also said the break-in 'ultimately affected my leadership and strategic decision-making'. He explained that the break-in wasn't the only reason for the closure but it was linked because the stress meant he made choices that weren't 'the right ones'. He didn't specify those choices but added that 'I take 100% accountability for this – it's on me'. The business had been set up in 2018 by the Merseyside-based brothers Ben and Joe Gallagher with business partner Oliver Millar also coming on board. They started buying items from eBay and Depop and built up a thriving resale business with a reputation for quality and authenticity. It received the £100k investment for a 3% stake in the firm on the BBC TV show Dragons' Den. Despite the company having shared CCTV video of the robbery, the case was eventually closed with nobody being apprehended. While the company last autumn received an insurance payment to cover the value of the stock and was therefore able to pay out anyone who was selling their secondhand fashion through the platform on consignment, it wasn't the end of the problems. We've already mentioned the stress it brought with it. But just like any second-hand or antiques business, a huge issue is finding the stock to sell and Ben Gallagher had issued a social media appeal asking if anyone has 'anything to sell or might know someone who might have something to sell, go on our website, fill out a form and sell your items to us'. All employees have now been made redundant with Gallagher saying the thieves 'haven't just ruined the company… They've ruined the livelihoods of not just me and my brother, but all the amazing staff that we have had to make redundant and who've lost their jobs in the process.' But in a TikTok video, he also listed the firm's achievements, including creating business that 'was recognised all over the world and got the whole industry talking about us'. And he said the firm generated £30 million+ in revenue from a standing start with zero investment, also achieving over three million social media followers and a billion views. And in a touching moment he said it also strengthened his relationship with his brother.
