Its tech diversity hasn't made it immune to the US-China trade dispute and blacklisting of Huawei, which is hammering Broadcom's semiconductor business.

Ellison and Catz will assume his responsibilities during his absence, whose expected length is unknown.

The networking vendor tells the market it is transitioning to a cloud- and subscription-based model.

DCK Investor Edge: A mix of macro-economic factors and sector-specific tailwinds led to a strong first half.

Second-quarter growth in corporate sales of desktops and laptops overcame weakness in the company's server and storage business.

Okta, Zscaler shares have rallied more than 80 percent this year, while Crowdstrike has more than doubled since its June IPO.

“It’s more competitive out there. The market feels slower than before and we need to navigate through it.”

DCK Investor Edge: Chinese clouds stay hungry for data center space despite disrupted global IT supply chains.

A bidder group including KKR, Stonepeak, and I Squared Capital is said to be in preliminary stages of weighing a bid for the company. Others interested too.

The Singapore sovereign fund is on a data center investment roll. Its latest deal is with GDS for cloud sites in China.