The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
2157 GMT - Intel's new CEO, Lip-Bu Tan, will receive an initial base salary of $1 million, according to a recent filing with the Securities and Exchange Commission. In addition to his base salary, Tan will be eligible for an annual incentive cash bonus with a target payout of triple his base salary. He will also be granted long-term incentive equity awards and new-hire equity awards, resulting in various performance-based stock options and awards, the filing shows. (connor.hart@wsj.com)
1756 GMT - PagerDuty delivered solid 4Q results to close out a year of transition, say analysts at Truist in a research note. The digital operations management platform over the last 12 months has been executing a go-to-market strategy to improve its deal activity, say the analysts. They add that executives acknowledged a slower than expected start, while recent incremental changes sound more significant than their initial strategy. The analysts believe a key adjustment has been the hiring of experienced enterprise GTM reps, while a search for chief revenue officer is also expected to pay dividends. PagerDuty surges 17% to $18.23. (denny.jacob@wsj.com; @pennedbyden)
1624 GMT - Reddit's relationship with Google appears to be expanding, despite some investors' perception that it's soured, Deutsche Bank analysts say. During a fireside chat with Deutsche, CEO Steve Huffman expressed confidence in Reddit's relationship with Google, the analysts say. The two companies are collaborating on AI and Google's interest in indexing Reddit's content. Huffman believes the inter-personal element of Reddit differentiates it from Google's AI-driven search overviews. Reddit is aiming to convert its 170 million weekly active users into daily users, with a goal of 1 billion global daily active users. (katherine.hamilton@wsj.com)
1614 GMT - DocuSign's initial fiscal 2026 revenue outlook calls for sales to rise 5%, which strikes UBS analysts as a bit light, even if it is intended to be conservative, they say in a research note. The analysts' expectations stemmed from prior commentary from management that hinted at marginal demand improvement, as well as better-than-expected results in its fiscal 4Q. Despite touts from the e-signiture company that its AI-powered agreement-management platform is ramping, the offering doesn't appear to be boosting its outlook by much, the analysts write. The bank maintains its neutral rating and lowers its price target 10%, to $90. Shares rise 18% following an upbeat 4Q. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 15, 2025 04:20 ET (08:20 GMT)
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