(Bloomberg) -- SAP SE, Europe’s largest software maker, said several of its cloud-computing products do not meet the company’s cybersecurity standards.The vulnerabilities affect 9% of SAP’s 440,000 customers, the Walldorf, Germany-based company said Monday in a statement. It plans to fix the problems in the second quarter to meet contractually agreed or statutory security standards. There are no known breaches or security incidents that have resulted from the shortcomings, which affect products from companies that SAP acquired, including SuccessFactors Inc., Concur Technologies Inc. and Callidus Software Inc.The software giant found similar issues with its C4C/Sales Cloud, Cloud Platform and Analytics Cloud products. The cost of improving the applications is expected to be covered within the range of SAP’s 2020 forecast, according to the company.SAP’s U.S. depository receipts fell 1.4% in extended trading after earlier closing at $117.19 in New York.Read more: SAP Drops Co-CEO Role After Six Months as Virus Upends...
Stock futures opened slightly higher Monday evening after a choppy session during the regular trading day, as investors weighed a plethora of developments impacting the health, economic, corporate profitability and geopolitical implications of the coronavirus pandemic....
Nokia’s (NOK) strong customer base and upcoming role in the global rollout of 5G networks should see it through COVID-19. So says Canaccord analyst Michael Walkley. The 5-star analyst backs the Finnish telecom equipment maker to deliver “longer-term higher margin growth.”Walkley reiterated a Buy rating on Nokia shares, along with a $5.50 price target. Expect upside of a handsome 55%, should the analyst’s thesis play out in the coming year. (To watch Walkley’s track record, click here)So, what’s behind Walkley’s confidence? First of all, solid Q1 results, despite COVID-19 related China supply disruption resulting in a miss on the topline. Revenue of €4.91 billion missed by €240 million and exhibited a year-over-year drop of 3%. But on the other hand, in a difficult macro environment, Nokia managed to squeeze out a tiny profit and met EPS estimates of €0.01, with the company “benefitting from strong gross margin performance in Mobile Access...
Michael Sonnenfeldt joins Yahoo Finance Live to discuss the highlights from Berkshire Hathaway's annual shareholders meeting, the key takeaways from Warren Buffett, and where TIGER 21 members are looking in the market....
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]...
On Monday, analysts at MoffettNathanson downgraded shares of Disney from buy to neutral and reduced their price target by $8 to $112 due to economic pressures from COVID-19. The analysts expect to see further pressure on earnings (which Disney reports on Tuesday, May 5), limiting the stock’s performance for the near-to-medium term despite the company’s strong position longer-term....
