Medical-device giant Medtronic (MDT) released preliminary fiscal Q4 earnings Tuesday that were above expectations, but it warned that its outlook will be battered by foreign-exchange headwinds. Medtronic was up more than 1% in early trading in the stock market today , near 78.50. Medtronic stock touched an all-time high of 79.50 on March 25. Medtronic said sales in the quarter ended April 24 totaled $7.3 billion, topping analysts’ consensus of
Revenue in the cloud infrastructure-as-a-service market will jump 33% in 2015, says Gartner, but a shakeout is underway among providers as AWS, Google (GOOGL) and Microsoft (MSFT) step up investments and squeeze smaller rivals. “The competitive landscape is shifting,” Gartner analyst Lydia Leong said in a research report. “Few providers have the financial resources to invest in being broadly competitive in the cloud IaaS market.” Amazon Web
Akamai Technologies’ (AKAM) revenue growth could invite more competition and price cutting, says Oppenheimer, which downgraded the stock on Tuesday, also citing valuation. Akamai stock has climbed 22% in 2015, hitting an all-time high of 78.44 on Thursday. Shares of rival Limelight Networks (LLNW) have jumped 55% this year, though Limelight stock still trades well under 5; it touched a more than three-year high of 4.34 on Monday. Akamai and