Beijing, reluctant to bail out the country’s most heavily-indebted property developer, is asking local officials across the country to prepare for a “possible storm.”
It was just over two months ago that Palo Alto Networks (NYSE: PANW) stock looked all set to break out of mediocrity and lift off on the back of its fast revenue growth, improving outlook, and a tremendous end-market opportunity. For its fiscal year 2021, which ended July 31, Palo Alto booked $4.26 billion in revenue, an increase of 25% over the previous fiscal year. Non-GAAP earnings per share are expected within the $7.15 to $7.25 range, which would translate into a 17% year-over-year increase at the midpoint.
Huawei, along with industry partners, held the Intelligent World 2030 Forum. David Wang, Executive Director and President of ICT Products & Solutions of Huawei, released the Intelligent World 2030 report with a keynote speech on Exploring the Intelligent World 2030. This is the first time that Huawei has used quantitative and qualitative methods to systematically describe the intelligent world in the next decade and forecast industry trends, helping industries identify new opportunities and disc