AeroVironment shares drop after earnings report
AeroVironment, a drone and robotics company with its chief operations in Simi Valley, delivered record revenue in the fourth quarter and full year of 2021, according to earnings released June 29, but a couple of key losses led to a year-to-year earnings drop. In the fourth quarter of its 2021 fiscal year, AeroVironment posted a Read More →
Thoma Bravo deepens investment in region with $2B acquisition of QAD
Editor’s note: This article was originally posted June 28, and updated July 1 with additional reporting on the pending deal. The enterprise software company QAD is being acquired by Thoma Bravo in an all-cash transaction worth around $2 billion, another sign of growth in the Santa Barbara technology industry. Santa Barbara-based QAD, which provides cloud Read More →
Revenue and losses both grow at Transphorm
Goleta-based Transphorm generated a slight bump in revenue in the fourth quarter of its 2020-21 fiscal year, but net losses continued to mount for the company, according to financial results released June 24. Transphorm reported a loss of $6.5 million, or 16 cents per share, in the fourth quarter, up from a net loss of Read More →
With the cookiepocalypse coming, some analysts see Trade Desk as better bet than Google
With the so-called “cookie apocalypse” approaching, analysts are starting to size up the opportunities for large players in digital advertising. And while it may come as no surprise to Business Times readers, a lot of national market analysts like the opportunities in front of The Trade Desk better than those facing Alphabet, parent of digital Read More →
Trade Desk shares jump after Google says it will keep tracking cookies until 2023
Google will be delaying its plan to phase out third-party tracking cookies from its Chrome browser until the second half of 2023, the tech giant announced early June 24, a move that gave a big boost to Ventura-based advertising technology company The Trade Desk. Shares of The Trade Desk opened at $66.23 and shot up Read More →
Simi Valley not worried about AeroVironment’s headquarters move
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Trade Desk shares up 5% after split
The Trade Desk’s previously announced 10-for-1 split of its common stock took when the market opened on June 17. The Ventura advertising technology company’s stock closed at $590.02 on June 16 and, after the stock split, shares opened at $59.14 the next morning. Shares were up about 5% during the first few hours of trading, Read More →
