Technology

Business process management company lowered its full-year outlook despite posting solid quarterly results. Here’s what investors need to know.

Popular messaging app Telegram has been found to leak IP addresses. A researcher named Deni Simonov discovered a simple tool that allows hackers to obtain users’ IP addresses through a phone call. Telegram, which boasts millions of users worldwide, is known for its security and privacy features. However, experts have warned about potential vulnerabilities in the app’s end-to-end encryption. To protect yourself, make sure to set your privacy and security settings correctly in the app.

Hewlett Packard Enterprise (HPE) has announced a new on-demand cloud service, HPE GreenLake Private Cloud Business Edition, which has been adopted by Istanbul Water and Sewerage Administration (ISKI). The new service will replace ISKI’s existing server and storage systems, and will provide the company with a more scalable and secure infrastructure.

Hussain Elius, co-founder of Pathao, has launched WindApp, a self-custodial smart contract wallet. The app enables businesses to send remote payments, allows people to use it as a virtual bank account, and provides an onramp/offramp infrastructure for changing between crypto and fiat. Within a month of its launch, WindApp has facilitated millions of dollars in transactions. The startup has also secured a $1 million seed funding round, with participation from backers like Spartan Group and Alumni Ventures. WindApp aims to target freelancers and remote workers, especially in Southeast Asia. It differentiates itself by offering lower fees and easy account setup without extensive KYC requirements. The app’s initial focus is on the Philippines, a large remittance market with crypto-savvy individuals. WindApp’s self-custodial wallet ensures user fund security, similar to Coinbase and Trust Wallet. The startup plans to expand its services and user base through strategic acquisitions and a direct-to-consumer approach.

Venture capital firm Tola Capital has announced a new fund with a $450 million capital commitment, its largest to date. The firm, led by founder Avra Rai, focuses on investing in enterprise software companies that leverage AI technology. Despite a tough fundraising environment, there is still significant interest in AI, which offers game-changing opportunities. Tola Capital’s previous funds have yielded dozens of successful exits, and the firm is already deploying capital in eight companies. They are looking for startups with the right team and innovative solutions to address the market.

Squint, a visual search platform, aims to connect people with the right information at the right time, simplifying workflow and enabling interaction with physical objects through AR technology. It has attracted major enterprise customers like Volvo, Siemens, and Colgate-Palmolive, and recently secured a series of funding led by Sequoia. Squint’s ultimate goal is to eliminate the search bar and save users time by providing instant access to relevant information. CEO Devin Bhushan left Splunk to pursue this concept, building a tool that combines AR and AI to enhance productivity and improve work processes.

Amazon AWS Cloud Arm has announced the launch of SageMaker HyperPod, a new purpose-built service to train and fine-tune large language models (LLMs). The HyperPod is now generally available and aims to make it easier for users to train and finetune LLMs. It provides the ability to create and distribute clusters, optimize distributed training, and includes fail-safe GPUs. The HyperPod also allows frequent saving of checkpoints and pausing and analyzing the training process without starting the service. It offers faster training and cost-saving benefits, and companies like Nvidia have already experienced using SageMaker to build LLMs. The HyperPod’s speed and interconnectivity are key focuses for the team, with optimizations made for Nvidia GPUs and communication of gradient parameters across different nodes.

Amazon has launched a privacy-preserving service that enables AWS customers to deploy AI models trained on proprietary data without sharing it with outside partners. The service, called Clean Room ML, allows customers to train private lookalike models using collected data while keeping full control over the model. It also offers the ability to tune the model’s output based on specific business needs. Amazon plans to add specific applications, such as healthcare, in the near future. The service differentiates itself by fully managing privacy and obfuscating uploaded custom data.

Last week, two top Ukrainian cybersecurity officials were fired and accused of embezzlement. One official was detained. The Ukrainian senior cabinet official, Tara Melnychuk, announced the firings in a public post on Telegram. The detainees were Yurii Shchyhol, the head of Ukraine’s State Special Communications Service (SSSCIP), and Deputy Victor Zhora. Zhora has become a staple in the international conference and public face of Ukrainian cybersecurity defenders. On Monday, a high anti-corruption court in Ukraine announced the judge’s order for Zhora’s detention and preventive measures to be taken. The press release stated that his detention since January was imposed without bail. Zhora has not responded to requests for comment. The SSSCIP has also not commented on the situation. Zhora previously stated that he would defend his name and reputation in court.

Europol, in collaboration with law enforcement partners, has arrested five individuals involved in a string of ransomware attacks. The arrests followed raids across Ukraine last week. Europol also set up a virtual command center in the Netherlands to process data from seizures and searches. Ukrainian cyber police seized computer equipment, cryptocurrencies, and other items linked to illegal activities. This is the latest development in a years-long investigation that has resulted in multiple arrests. The suspects are believed to have played different roles in a criminal network that used brute force attacks and malware to extort millions of euros from victims. Europol accuses the hackers of using ransomware variants like LockerGoga, Megacortex, and Dharma. They have also collaborated with Bitdefender and the European Union Ransom Project to develop decryption tools for these variants.

UK law firm CTS experienced a widespread disruption in services due to an unspecified cyber incident, impacting many customers and potentially compromising sensitive data. The incident also disrupted housing sales and purchases across the UK. CTS has not provided specific details about the incident but has notified regulatory authorities. Other law firms have reported ongoing disruptions as well. Cybersecurity experts suggest that the incident may be a result of a breach or exploitation of vulnerabilities in Citrix appliances. CTS is working to restore services but has not provided a timeline for full restoration.

Neuralink, a company founded by Elon Musk, is developing an implant chip that can read brain waves. Recent filings show an increase in venture capital funding, with the company’s value estimated at $1 billion. Neuralink’s device is capable of implanting ultrathin threads inside the brain, attached to a custom-designed chip with electrodes to read neural signals. The company aims to make the implant wireless and increase the number of electrodes. However, Neuralink has faced scrutiny and criticism for its toxic workplace culture and alleged unethical research practices. There have also been reports of mistreatment of animals involved in testing the hardware. Neuralink is currently under federal investigation for potential animal welfare violations.

North Korean state-backed hackers compromised CyberLink, a Taiwanese software maker, and distributed a malicious version of their legitimate application. Microsoft’s threat intelligence team detected the attack, which involved modifying CyberLink’s installation file as part of a wider supply chain attack. The hackers used legitimate code signing certificates issued to CyberLink to sign the malicious executable. Microsoft attributed the attack to the Lazarus hack group, known for espionage and financial gain. CyberLink has been notified, but it’s unclear if they have taken action.

Chinese electric vehicle maker Li Auto has set up an in-house automotive chip development team and is hiring talent from abroad, including Singapore. The company aims to develop silicon carbide (SiC) power modules and other SiC-based semiconductor components for use in its electric vehicles. Li Auto’s recruitment efforts also include hiring a general manager to establish its R&D center in Singapore. This move highlights the increasing importance of power semiconductor chips in the EV industry.

Investment opportunity: Qurate Retail Group Inc. (QRTEA)

Content summarization: Qurate Retail Group Inc. (QRTEA) shows strong momentum and potential for growth. With a high momentum score and positive earnings estimates, now could be the right time to enter the stock and take advantage of its upward trend. Despite its fast pace, QRTEA is still undervalued, making it an attractive investment option. Additionally, QRTEA has passed the fast-paced momentum bargain screen, further indicating its potential for success. Consider investing in QRTEA as it fits the criteria for a winning stock pick.

Profitability analysis:
– Average gross profit margin: 0.3327 (past 4 years) vs. 0.312 (TTM)
– Average EBITDA margin: 0.0432 (past 4 years) vs. 0.0692 (TTM)
– Average operating income margin: 0.0986 (past 4 years) vs. 0.0686 (TTM)
– Average net income margin: -0.0348 (past 4 years) vs. 0.0068 (TTM)
– Earnings per share (last fiscal year): -6.83

Market correlations:
– Correlation score of -0.5 between Qurate stock pricing and Qurate search trend value from Google.
– Correlation score of -0.68 between Qurate stock pricing and its stock trending volume.

Overall, Qurate Retail Group Inc. (QRTEA) shows strong momentum and potential for growth, making it an attractive investment opportunity.

Amazon.com, Inc. is a leading e-commerce company with a strong track record of profitability. Over the past 4 years, the company’s gross profit margin, EBITDA margin, operating income margin, and net income margin have all increased significantly. In the last fiscal year, the company’s earnings per share were -$0.27, but this is expected to improve in the coming years.

Amazon.com, Inc. stock is also relatively uncorrelated with the company’s search trend value and stock trending volume, which makes it a good investment opportunity for those looking to diversify their portfolio.

Etsy, Inc. stock shows improving profitability. The gross profit margin is steady, while EBITDA margin, operating income margin and net income margin all show an increasing trend. The company had a loss per share of $5.48 in the last fiscal year, but this is expected to improve in the coming years. The correlation between stock price and search trend is low, while the correlation between stock price and trading volume is moderate.

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Silversun Technologies, Inc. Acquires JCS Computer Resource Corporation

Thomas Kelli, director of Fabrinet, recently sold shares of the company. This has caught the attention of investors and analysts, as insider activity can often provide valuable insights into a company’s financial health and future prospects. This article delves into the details of the sale and explores Thomas Kelli’s role within Fabrinet, analyzing the potential implications of this insider activity on the stock’s performance.

Vuzix has introduced its latest smart glass model, the Vuzix Ultralite, based on the Ultralite OEM platform. This platform integrates waveguide optics and microdisplay solutions from Vuzix’s subsidiary, Waveguide Optics. The Vuzix Ultralite is the first smart glass to feature Incognito Technology, which provides wireless connectivity and a hands-free experience. It also offers a wide range of body color and design options, allowing users to express their style.

Extreme Networks Inc (EXTR) is a Zacks Rank #5 (Strong Sell). Despite the company’s weak fundamentals, its stock has been experiencing high implied volatility in the options market. This suggests that investors are expecting a big move in the stock price in the near future.

Micron Technology, Inc. (MU) closed the latest trading session at $59.60, marking a 0.41% move from the previous day’s stock price. The chipmaker witnessed a gain of 0.67% in the previous month, outperforming the computer technology sector’s gain of 0.27% and the S&P 500’s gain of 0.41%. Investors are keeping a close eye on Micron’s upcoming earnings disclosure, as the company’s earnings report is set to be released on December 21st. Analysts project that Micron’s earnings per share would represent a year-over-year decline. Meanwhile, the latest consensus estimates predict revenue of $7.67 billion, indicating an increase compared to the previous year’s quarter. Looking at the full year, Zacks Consensus Estimates suggest that analysts expect earnings per share of $5.49 and revenue of $30.11 billion, which would mark a change from last year. Additionally, investors are keeping an eye on recent revisions to analyst forecasts for Micron. Recent revisions tend to reflect the latest near-term business trends, hence positive alterations to estimates signify analysts’ optimism regarding the company’s business and profitability. Based on research, it is believed that estimate revisions are directly related to near-term stock moves and investor capital. Using the Zacks Rank model, which considers estimate changes, provides a simple action rating

Kulicke & Soffa Industries Inc. (KLIC) held a conference call to discuss its fiscal fourth quarter results. The company reported a sequential improvement in key markets, although the broader market recovery is gradual. The company anticipates sequential changes in the December quarter largely in line with long-term averages. Additionally, based on customer and external forecasts, the company expects a gradual improvement in utilization rates and anticipates a moderate demand improvement in the March quarter and a stronger second half driven by recovery.

FICO appoints Steve Weber as Chief Financial Officer

Welltok, a healthcare platform, confirmed a data breach affecting millions of individuals. The hacker exploited a security vulnerability in the file transfer tool used by Welltok. Sensitive data including names, addresses, and health information was compromised. The breach also affected healthcare providers such as Stanford Health Care and Lucile Packard Children’s Hospital. The exact number of affected individuals is still undisclosed.

The British Library, one of the world’s largest libraries, confirms a ransomware attack resulting in a major technology outage. The attack was launched by a criminal group known as Rhysida. The group threatens to publish stolen data unless a ransom in Bitcoin is paid. The extent of the stolen data and the response of the library are still unclear. The library remains offline, and recovery efforts may take weeks. Measures are being taken to investigate and protect against future attacks.

Varonis, a leader in data security, announced today that it will participate in the following upcoming investor conferences: Needham Virtual Technology Week, RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference, DA Davidson Technology Summit, Stephens Annual Investment Conference, CTB UB Global Technology Conference, and the Wells Fargo Annual TMT Summit.

Atlas, an AI platform, has launched after two years of stealth development. The startup aims to streamline the workflow for game designers by using AI to generate detailed models and virtual worlds, saving time compared to traditional methods. Atlas has received a research grant from the European Union and follows ethical guidelines for trustworthy AI. The platform plans to target small indie game developers and allow anyone to upload reference images to generate AI models within a specific game style. The startup has secured funding from various investors and plans to expand its self-serve AI creator platform.

Michigan-based healthcare provider McLaren Health Care has confirmed a data breach compromising the personal health information of millions of patients. The cyberattack took place earlier this year and was later claimed by the ransomware gang known as AlphV/Blackcat. The hacker gained access to patient names, dates of birth, social security numbers, and medical information. McLaren is now facing multiple class-action lawsuits related to the breach.