As Apple (AAPL) and Google (GOOGL) ready software targeting new apps, IDC forecasts that the Internet of Things will quickly expand in health care, manufacturing, digital signage, connected cars and other markets. IoT refers to technology that connects industrial, medical, automotive and consumer devices to the Internet. IDC says the IoT market will jump 19% in 2015 to nearly $800 billion in revenue worldwide. The forecast includes hardware,
Chinese security software and Web search firm Qihoo 360 Technology (QIHU) announced Tuesday that it will boost its ownership stake in a joint venture established last month with smartphone maker Coolpad Group. Qihoo 360 will increase its ownership stake in the duo’s Coolpad E-Commerce joint venture to 49.5% by purchasing 4.5% of shares in the joint venture from Coolpad for $45 million. “We are very excited to increase our ownership position in the
Palo Alto Networks (PANW), set to report its fiscal Q3 earnings after the market close Wednesday, got a price target increase Tuesday from an analyst who anticipates continued “impressive” revenue gains. “While top-line results are likely to remain impressive, continued margin expansion and profitability further differentiate Palo Alto Networks from growth peers,” RBC Capital Markets analyst Matthew Hedberg said in a research report Tuesday.