Shares of several companies in the broader tech sector are trading lower amid overall market weakness following bigger-than-expected nonfarm payroll data. A rise in US Treasury yields has also weighed on the sector.

12/2/22 9:57:40 AM ET

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Shares of several companies in the broader tech sector are trading lower amid overall market weakness following bigger-than-expected nonfarm payroll data. A rise in US Treasury yields has also weighed on the sector.

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Company	Date	Price Target	Rating	Analyst
Datadog Inc. $DDOG	11/8/2024	$135.00 → $145.00	Outperform	BMO Capital Markets
Datadog Inc. $DDOG	11/7/2024	$155.00	Neutral → Buy	Monness Crespi & Hardt
HubSpot Inc. $HUBS	11/7/2024	$570.00 → $690.00	Outperform	BMO Capital Markets
Paycor HCM Inc. $PYCR	11/7/2024	$15.00 → $19.00	Market Perform	BMO Capital Markets
HubSpot Inc. $HUBS	11/7/2024	$570.00 → $640.00	Overweight → Neutral	Piper Sandler
Advanced Micro Devices Inc. $AMD	10/30/2024	$210.00 → $185.00	Buy	TD Cowen
PayPal Holdings Inc. $PYPL	10/28/2024	$95.00 → $110.00	Buy	Monness Crespi & Hardt
Datadog Inc. $DDOG	10/25/2024	$132.00 → $135.00	Outperform	BMO Capital Markets

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Highlights Total revenue up 13% year over year; service revenue up 19% year over yearBillings1 and product revenue returns to growthStrong billings growth in Unified SASE and Security OperationsRecord GAAP operating margin of 31.2%Record Non-GAAP operating margin of 36.1%1Cash flow from operations of $608 million; Free cash flow of $572 million1Raising 2024 revenue and non-GAAP operating margin guidanceShare repurchase authorization increased by $1 billion; remaining authorization of $2 billion SUNNYVALE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results fo
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Arista Networks, Inc. Reports Third Quarter 2024 Financial Results
Arista Networks, Inc. (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large AI, data center, campus and routing environments, today announced financial results for its third quarter ended September 30, 2024. Third Quarter Financial Highlights "Arista remains at the forefront of next generation centers of data across client-to-cloud and AI focused locations," said Jayshree Ullal, Chairperson and CEO of Arista Networks. "Our Q3 2024 results once again demonstrate our continued commitment to customer priorities as well as delivering strong financial results." Revenue of $1.811 billion, an increase of 7.1% compared to the second quarter of 2024, and an increas
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Fortinet Reports Third Quarter 2024 Financial Results
Highlights Total revenue up 13% year over year; service revenue up 19% year over yearBillings1 and product revenue returns to growthStrong billings growth in Unified SASE and Security OperationsRecord GAAP operating margin of 31.2%Record Non-GAAP operating margin of 36.1%1Cash flow from operations of $608 million; Free cash flow of $572 million1Raising 2024 revenue and non-GAAP operating margin guidanceShare repurchase authorization increased by $1 billion; remaining authorization of $2 billion SUNNYVALE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ:FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results fo
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11/7/24 4:00:35 PM ET
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Shares of several companies in the broader tech sector are trading lower amid overall market weakness following bigger-than-expected nonfarm payroll data. A rise in US Treasury yields has also weighed on the sector.

Chat with this insight

Recent Analyst Ratings for $ADI$AMD$ANET$AUID

$ADI$AMD$ANET$AUID Leadership Updates

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NVIDIA and Sherwin-Williams Set to Join Dow Jones Industrial Average; Vistra to Join Dow Jones Utility Average

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Amendment: SEC Form SC 13G/A filed by Datadog Inc.

Amendment: SEC Form SC 13G/A filed by Paycor HCM Inc.

Amendment: SEC Form SC 13G/A filed by Arista Networks Inc.

$ADI$AMD$ANET$AUID Press Releases

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NVIDIA Names Ellen Ochoa to Board of Directors

Arista Networks, Inc. Reports Third Quarter 2024 Financial Results

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$ADI$AMD$ANET$AUID Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

CEO Gelsinger Patrick P bought $251,198 worth of shares (11,150 units at $22.53), increasing direct ownership by 12% to 105,033 units (SEC Form 4)

Director Neukom William H. bought $34,967 worth of shares (459 units at $76.18), increasing direct ownership by 0.31% to 148,761 units (SEC Form 4)

CEO Gelsinger Patrick P bought $251,946 worth of shares (12,500 units at $20.16) (SEC Form 4)

$ADI$AMD$ANET$AUID SEC Filings

SEC Form 10-Q filed by Fortinet Inc.

SEC Form 10-Q filed by Datadog Inc.

SEC Form 144 filed by ServiceNow Inc.

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Arista Networks, Inc. Reports Third Quarter 2024 Financial Results

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authID Reports Financial and Operating Results for the Third Quarter Ended September 30, 2024

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BMO Capital Markets reiterated coverage on Datadog with a new price target

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$ADI$AMD$ANET$AUID Insider Trading

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SEC Form 4 filed by CTO and SVP Software Eng. Duda Kenneth

CTO and SVP Software Eng. Duda Kenneth exercised 20,000 shares at a strike of $17.09 and sold $16,814,327 worth of shares (40,000 units at $420.36) (SEC Form 4)

Executive VP and CFO Miller Brian K exercised 5,000 shares at a strike of $375.85 and sold $3,033,537 worth of shares (5,000 units at $606.71) (SEC Form 4)

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