Tag: raises annual
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Cerebras raises annual targets on strong AI chip demand
Aug 12 : Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from companies ramping up data-center capacity to power AI services.Still, its shares were down more than 14 per cent in extended trading after closing up 11.6 per cent in the reg
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Cloudflare raises annual outlook above market estimates on AI-driven demand
Aug 6 : Cloudflare raised its full-year revenue forecast above Wall Street expectations after strong quarterly results, betting that the rapid rise of AI agents will keep driving traffic across its network, sending its shares up 18 per cent after the bell.The race to build and scale AI agents has led more bus
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Gen Digital raises annual forecast on strong cybersecurity demand
Aug 6 : Gen Digital raised full-year revenue and profit forecast on Thursday, signaling robust demand for its family of cybersecurity products in the face of growing AI-powered online threats.The digital security company has been capitalizing on a heightened threat environment, where generative AI tools are m
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Xylem raises annual profit forecast as AI growth lifts demand for water-treatment equipment
July 28 : Xylem on Tuesday raised its 2026 profit forecast after its second-quarter results beat Wall Street estimates, as cost savings and price increases boosted profitability amid strengthening AI infrastructure demand.Shares of the company rose more than 2 per cent in premarket trading.• The wate
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Cadence raises annual forecasts as demand booms for AI chip design
July 27 : Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for its AI-powered chip and system design software.Shares of the company rose more than 5 per cent in extended trading.The company’s electronic design automation (EDA) tools are used to d
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Digital Realty raises annual FFO forecast on robust data center demand
July 23 : Digital Realty Trust raised its full-year forecast for funds from operations on Thursday, betting on resilient leasing momentum from cloud and AI customers to drive growth, sending its shares up 3 per cent in extended trading. Austin, Texas-based Digital Realty is a real estate investment trust
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ServiceNow raises annual subscription revenue forecast again on AI-driven demand
July 22 : ServiceNow on Wednesday raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue and profit estimates, driven by growing demand for its AI-powered software.Shares of ServiceNow rose over 5 per cent in volatile extended trading. They have fallen abo
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Hasbro raises annual forecasts on digital gaming demand, ‘Magic’ boost
July 21 : Hasbro raised its annual revenue and profit forecasts on Tuesday, betting on resilient demand for its digital gaming business and continued strength in “Magic: The Gathering” despite an uncertain consumer spending environment.Shares of the “Dungeons & Dragons” maker were up about 2 per cent in prema
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Chipmaker IQE raises annual sales growth forecast on AI, data centre demand
July 21 : UK semiconductor wafer maker IQE on Tuesday raised its full-year revenue growth forecast after its first-half trading beat expectations, driven by rising demand for its semiconductor products used in AI infrastructure and data centres.Here are some details:• IQE upgraded its 2026 revenue gr
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Electronics firm Jabil raises annual profit forecast on strong data center demand
June 17 : Jabil raised its 2026 profit forecast on Wednesday, as the electronic-component maker looks to capitalize on AI-led demand for data centers, sending its shares up by more than 10 per cent in morning trading. A surge in data-center infrastructure spending, driven by strong demand for AI computing pow
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