Author: iwano@_84

Domo Climbs on Quarterly Surprise, Word of ‘Large Deal’

Domo  (DOMO) – Get Report was climbing Friday after a Cowen analyst raised his price target on shares of the cloud software company to $50 from $42, saying he’s heard about a very large deal in the pipeline.

Shares of the Silicon Slopes, Utah-based company were climbing 9.8% to $40.92.

Analyst J. Derrick Wood kept his outperform rating on the company, noting Domo’s robust billings, which could lead to a re-rating of the stock’s multiple if it continues.

Wood, one of several analysts boosting their firm’s share price targets, said Domo’s “business is dramatically improving”and added that he is hearing of a very large deal in the pipeline that he does not think is in the company’s guidance. 

Domo beat Wall Street’s second-quarter estimates, posting total revenue of $51.1 million, up 23% from a year ago. Subscription revenue was $44.3 million, the company said, up 27% year over

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COD Manufacturing Technology Program Aligned With Industry

COD Trains Future Workforce as Pandemic Spurs Drive Toward Automation

COVID-19 continues to impact the global economy, presenting challenges in nearly all industries and at all levels from small, private businesses to multinational corporations. While the pandemic has forced many businesses and individuals to weigh the balance between saving lives and saving livelihoods, for the manufacturing industry, it is accelerating the inevitable path toward automation.

“The future is already here,” said COD Manufacturing Technology Assistant Professor and Program Coordinator Jim Tumavich. “Look at what is happening in restaurants with self-order kiosks. Remember how many cashiers McDonald’s had years ago? Now it’s just two or three. The next super burger shop may be totally automated. The customer will order and pay for his food via a smartphone app before arriving at the pick-up location. The order will be processed through an automated burger flipper and assembler, drinks are auto filled and

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Invacare Corporation Receives Multiple Awards for Outstanding Product from Mobility Management Magazine

Invacare Corporation (“Invacare”)(NYSE:IVC), a leading manufacturer and distributor of medical equipment used in non-acute care settings, has been recognized by Mobility Management magazine in multiple product categories for outstanding product and technology development in complex rehab.

“Invacare is honored that so many of our mobility and seating products have been recognized by a leading industry publication. These awards underscore our strong history of combining technology with innovative design, which result in novel solutions that offer greater customer, end user and clinical benefits,” said Matt Monaghan, chairman, president and chief executive officer.

Joost Beltman, Invacare’s senior vice president and general manager, North America, added, “Maintaining a vibrant pipeline of new mobility and seating products is critical to our transformation. This recognition highlights our powerful innovation culture and the strength of our R&D team, which continues to develop highly technical products that are driving profitable sales growth.”

Invacare’s leading mobility and seating

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COD Celebrates Science, Technology, Engineering and Math Sept. 21

College of DuPage will host a series of free virtual events during STEM Week, running Monday, Sept. 21, to Saturday, Sept. 26. The week will include daily social media highlights on the College’s Facebook and/or Instagram platforms as well as livestreamed videos via YouTube. All livestream events take place at 7 p.m. and can be accessed on the College’s Livestream page.

Register here to receive reminders about STEM Week live sessions.

“When people think of studying STEM, they don’t usually think about starting at a community college,” said COD STEM Outreach Coordinator Sara Spaniol. “We want to change that. STEM Week allows us to highlight all the amazing reasons why College of DuPage is at the forefront of STEM education. Participants will hear from faculty, alumni and current experts in the field, see some of our unique spaces virtually and learn how to fund their STEM education, among other things.”

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IBUY: Google Trends Data Shows The ‘Buy-At-Home’ Trade Is Dead (NASDAQ:IBUY)

(Source: Pexels)

After weeks of stagnation and slowly increasing stock prices, equities have found themselves in another wave of volatility. The Nasdaq 100 ETF (QQQ) declined a staggering 5% on Thursday along with most major indices. The fund was previously up 40% this year, making 2020 both a near-record year for expected GDP losses and, paradoxically, a near-record year for Nasdaq 100 performance.

Certain sectors within the technology space have seen even better performance. Most notably, cloud/related companies, gaming companies, and online retail. While most of these firms have seen increased revenue due to COVID-19 impacts, their stock prices have risen at a much faster pace than their revenue. Even more, most will likely see a reversal next year and are not necessarily immune to the longer-lasting economics impacts of the current situation.

I recently explained the bear case for cloud stocks under the ETF Global X Cloud Computing ETF

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SoftBank Is Said to Consider Bid for TikTok in India

(Bloomberg) — SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. 



a close up of a sign: The logo for ByteDance Ltd.'s TikTok app is displayed on a smartphone in an arranged photograph in Beijing, China, on Wednesday, Sept. 2, 2020.


© Bloomberg
The logo for ByteDance Ltd.’s TikTok app is displayed on a smartphone in an arranged photograph in Beijing, China, on Wednesday, Sept. 2, 2020.

Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has held talks with the heads of India’s Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd., the people said, asking not to be identified because the details are private. While discussions have fizzled since, SoftBank is still exploring options, according to the people. 

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Representatives for SoftBank, ByteDance, Reliance and Bharti Airtel declined to comment. SoftBank shares slid 3.2% in Tokyo.

TikTok is considering selling its operations in several countries after local governments shut out

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Dow tumbles 500 points as continued tech sell-off offsets strong labor-market data

Getty Images / Bryan R. Smith

Summary List Placement

  • US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemployment rate.
  • The Dow Jones industrial average and S&P 500 traded higher after the jobs report was released.
  • Tech stocks struggled in comparison following a steep decline on Thursday that saw the Nasdaq composite slip roughly 5%.
  • Visit Business Insider’s homepage for more stories.

US stocks slipped on Friday as traders weighed a better-than-expected August jobs report against the lingering effects of Thursday’s tech-stock rout.

The US added 1.37 million jobs in August, slightly more than economist expectations. The unemployment rate also came in at 8.4%, handily besting consensus forecasts and well below the post-pandemic high of 14.7%.

The strong jobs report did little to quell investor fears stoked after the Nasdaq composite index fell nearly 5% on Thursday, driven by sharp losses in

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Cooling clothing: New technology flexes while frozen – UB Now: News and views for UB faculty and staff

A UB engineering professor has teamed up with two Buffalo companies to create technology that can enhance physical and mental endurance by helping prevent overheating in endurance athletes, occupational workers and people with chronic illnesses.

Shenqiang Ren, professor in the Department of Mechanical and Aerospace Engineering, School of Engineering and Applied Sciences, has been working for the past year with Coolnomics LLC and QSG Technologies to develop CoolPak Hydrogel for advanced personal cooling solutions.

Common cooling technologies have been around for many years, including gel, ice, evaporative and other phase change technologies.

Coolnomics co-founder Luanne DiBernardo explains that “evaporative cooling products are dependent on circulating air and a lack of humidity, so are impractical and ineffective in most environments.”

Ren, who also holds appointments in the Department of Chemistry, College of Arts and Sciences, and UB’s RENEW Institute, has worked with partners to create a more advanced material that will

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Microsoft can identify deepfakes now, just in time for the 2020 US election

Microsoft’s technology is designed to detect disinformation.


Microsoft

Microsoft is showing off two new computer programs to combat deepfakes. The company said its new apps will be able to identify manipulated videos, which are often hard to detect, as well as tell people whether the media they’re looking at is likely authentic or not.

Microsoft said its new technology will be built into its Azure server technology for businesses. Content makers will be able to send “hash” fingerprints of their videos to Microsoft, which will then in turn help people identify whether media is likely manipulated.

“Disinformation comes in many forms, and no single technology will solve the challenge of helping people decipher what is true and accurate,” Tom Burt, corporate vice president of customer security and trust,

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Media Stocks Dip As Stock Market Plunges Amid Tech Drop

technology stocks.” data-reactid=”19″Several traditional media companies saw stock prices dip amid a market sell-off Friday that appeared to be driven by sharp drops by technology stocks.

Discovery Communications and Fox Corporation appeared to be two of the few outliers in Friday trading, with their shares up slightly even as the broader Dow Jones Industrial Average was off more than 445 points, or 1.5% and the Nasdaq fell more than 280 points, or 2.48%.

Amazon and Apple enjoying positive market sentiment despite the nation’s continued grappling with the coronavirus pandemic and massive unemployment. The stock market plunge began Thursday, when the S&P 500 tech sector saw its biggest single-day drop since March. Tech stocks have enjoyed a steady run-up in recent weeks, with the DJII hitting 29,000.” data-reactid=”21″The downturn comes after days of rallying prices, with tech stocks like Amazon and Apple enjoying positive market sentiment despite the nation’s

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