|Bid||96.95 x 900|
|Ask||96.98 x 1400|
|Day's Range||94.00 - 102.68|
|52 Week Range||51.15 - 109.89|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||97.98|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||77.00|
Editor's note: This story was previously published in July 2019. It has since been updated and republished.The concern about investing in growth stocks usually comes down to valuation. Stocks with significant growth potential usually have a multiple to match. One way around that problem is to invest in small-cap stocks, where the growth stories may not be quite as well known and the valuations may not be quite as stretched.In some cases, small-cap stocks come with more risk; but in most cases, small caps offer more potential rewards.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Stocks You Should Avoid Now Here are eight small-cap stocks to buy due to significant growth opportunities. Each of these small-cap companies have valuations that lend themselves to significant upside if those opportunities are captured. AppFolio (APPF)Source: Pavel Kapysh / Shutterstock.com AppFolio Inc (NASDAQ:APPF) offers the best, and worst, of small-cap growth investing. On the positive side, revenue from AppFolio's software for property managers is growing nicely. The company's total revenue jumped about 40% last yearThe primary concern here is valuation. APPF trades at over 17 tines revenue on an enterprise basis. That's a big number in any market. It's also a notable premium to its closest peer, RealPage (NASDAQ:RP).Still, there's a reason to see more upside. AppFolio has turned profitable, and its margins should expand significantly going forward. The company's MyCase software for law offices offers another growth driver for AppFolio sales. Both software products drive exactly the kind of "sticky," recurring revenue investors are looking for in the software space.Again, valuation isn't perfect. But with earnings-per-share likely to clear 75 cents by the end of the decade, it's not quite as extreme as headline multiples would suggest. With AppFolio's growth prospects and potential as a takeout target, there's likely still some room left in the APPF rally. Chegg (CHGG)Source: Casimiro PT / Shutterstock.com Chegg Inc (NYSE:CHGG) has transformed itself over the past few years.What was formerly a company focused largely on a money-losing textbook rental business has become the go-to platform for college students in the U.S. Chegg offers a wide variety of services to students, ranging from tutoring and online study help to eTextbooks and its legacy print textbook rental business (which is now outsourced, providing a major boost to Chegg profits).Like most stocks on this list, CHGG isn't cheap, trading at over 14 times its revenue and a forward price-earnings ratio of about 52. But with the company's earnings per share expected to nearly double this year, there's enough to support a premium valuation.With Chegg increasingly looking dominant in what its CEO Dan Rosensweig has called "winner take most" markets, a takeover looks likely. Amazon.com, Inc. (NASDAQ:AMZN) has tried to attract college students by building out physical bookstores and offering free Prime memberships. Chegg, which reaches the majority of those students, would give the company both an entry into that market and a wealth of valuable data to boot. * 7 Stocks to Buy to Ride the Vegan Wave Even if Amazon doesn't come calling, Chegg's expanding service offerings and potential to target high school and graduate students suggest years of growth ahead. And even the current, somewhat pricey, valuation doesn't account for all of that potential. Varonis Systems (VRNS)Source: Shutterstock Varonis Systems (NASDAQ:VRNS) has an intriguing growth story. The company develops software for businesses that manages what it calls "unstructured data." That includes everything from emails to spreadsheets to memos.That data is growing exponentially and so is the risk it poses. As seen in leaks at Sony (NYSE:SNE) and elsewhere, there's a lot of valuable information contained in those files. Varonis protects them from unwanted entry and it organizes them for corporate managers.The importance of unstructured data continues to drive Varonis revenue higher, with the company's 2018 top-line growth expected to come in at about 20%. Sales cycles remain relatively long and intensive, as in many cases Varonis still has to prove the usefulness of the software. That's particularly true for companies who haven't had a data breach yet. As awareness increases and those cycles shorten, both revenue growth and operating margins will benefit.Meanwhile, VRNS is expected to report a profit for 2019. And yet it trades at a bit over 14 times its trailing-twelve-month revenue, plus cash. That sounds like a big multiple, but it's actually somewhat modest in the SaaS space, particularly given Varonis' growth profile.As sales grow, and that multiple expands, VRNS should continue to climb. Ollie's Bargain Outlet (OLLI)Source: Shutterstock There are very few retail growth stories in the U.S. of any size, particularly in brick-and-mortar retail. But Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) is one to keep an eye on.Ollie's benefits from being in the off-price channel, one of the few areas of retail that has held up well amid the pressure from online retailers like Amazon. And while Ollie's is much smaller than peers TJX Companies Inc (NYSE:TJX) and Ross Stores, Inc. (NASDAQ:ROST), in this case that's a good thing.The company's store expansion plan alone suggests years of growth ahead, with strong same-store sales contributing as well. OLLI isn't necessarily cheap, trading at 33 times analysts' consensus FY19 EPS estimate. * 7 Discount Retail Stocks to Buy for a Recession But the company is solidly profitable, has little debt, and has significant whitespace to build out its store count - and revenue. For investors who believe the off-price channel should continue to manage online competition, OLLI is an extremely intriguing choice. Shotspotter (SSTI)Source: Shutterstock Shotspotter (NASDAQ:SSTI) is a classic early-stage growth company. Shotspotter is expected to become profitable for the first time this year.The company's namesake product detects gunfire and notifies law enforcement in real time, making police response more efficient and neighborhoods safer. The product already has been deployed in major cities like Chicago and New York, with seven new cities adopting the software just last month.That growth should continue, as Shotspotter brings on additional municipalities and, eventually, expands internationally as well. Revenue is still relatively small -- just $34 million over the past year -- but a $491 million market cap leaves room for upside.Continued adoption would make SSTI a likely takeover target for defense companies like Lockheed Martin Corporation (NYSE:LMT) or Northrop Grumman Corporation (NYSE:NOC) or other larger, government-focused suppliers. And with the need for Shotspotter, unfortunately, rising every year, that increased adoption seems likely. LogMeIn (LOGM)Source: Shutterstock Video-conferencing leader LogMeIn Inc (NASDAQ:LOGM) offers a nice combination of growth and value.Trading at just 15 times analysts' consensus EPS estimate, LOGM certainly doesn't look like it's pricing in the huge EPS growth analysts are expecting this year.With video conferencing demand still increasing and top-line growth expected in 2019, LogMeIn should be able to drive double-digit EPS growth for years to come. That, in turn, suggests a fair amount of upside from current levels. * 10 Battered Tech Stocks to Buy Now There are some risks, specifically around competition. But from a long-term perspective, LogMeIn still seems to have years of growth in front of it and it's trading at a price worth paying. Shake Shack (SHAK)Source: JHENG YAO / Shutterstock.com Shake Shack Inc (NYSE:SHAK) is growing. Revenue is expected to jump 28% this year. And the company still has plenty of room to expand, and it recently opened its first restaurant in mainland China.SHAK is a bit of a turnaround play, but the Shake Shack story is still playing out. If the company can stabilize same-restaurant sales, location growth alone should drive profits -- and SHAK stock -- higher. iRobot (IRBT)Source: Grzegorz Czapski / Shutterstock.com iRobot Corporation (NASDAQ:IRBT) got a bit ahead of itself last year. In April, IRBT stock traded around $60; by late August, the stock had nearly doubled.IRBT then pulled back over 30%, subsequently rebounded back near its former highs, and then dropped again. But the category itself is growing double-digits, and Internet of Things catalysts could further drive product adoption. * 7 Stocks to Buy In a Flat Market IRBT shares aren't necessarily cheap. But at 24 times next year's earnings, IRBT isn't very expensive for a company in a rapidly growing category. With the company capable of driving 20%-plus EPS growth going forward, that multiple isn't very steep.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 8 Small-Cap Stocks to Buy for Big-Time Growth Potential appeared first on InvestorPlace.
Today we'll evaluate AppFolio, Inc. (NASDAQ:APPF) to determine whether it could have potential as an investment idea...
You can tell how powerful tech is simply by looking at the trade war the U.S. is in with China. While all sorts of goods are on the tariff lists, most tech, and specially consumer tech, has been left off the table.And it goes both ways. Most of U.S.-designed and engineered tech is assembled in China. The U.S. doesn't have the manufacturing technology that China has built over the past couple decades. On the other hand, China doesn't have breadth and depth of tech knowledge that most U.S. firms have, nor a system that encourages them to "move fast and break things" as Mark Zuckerberg described the startup culture.Given this reality, and the fact that consumer spending makes up about 70% of the U.S. economy, if the consumer is spending, so are many businesses.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off Below are seven of the best tech stocks to buy now, all "A"-rated by my Portfolio Grader and still great additions for any growth portfolio. Tech Stocks to Buy: AppFolio (APPF)Source: Pavel Kapysh / Shutterstock.com AppFolio (NASDAQ:APPF) is a niche-based cloud services provider. It specializes in mid-sized businesses in the property management and legal services sector.Basically, it handles a lot of documents that need to be stored securely and made available quickly. Traditionally, both of these are paper-intensive businesses, so moving to digital platforms is both a great help and a costly challenge.APPF saw the opportunity to step in and help and it is now growing as more of these businesses transition into digital records or deepen their commitment to the technology.APPF stock is up 45% in the past three years and it's up 76% year-to-date. It's a bit expensive relative to its price-to-earnings ratio, but in the long term, this space has plenty of growth left. Ciena (CIEN)Source: Michael Vi / Shutterstock.com Ciena (NYSE:CIEN) is a key player in the telecommunications networking sector. That means to most consumers it's invisible.But CIEN has been around since 1992, which means it went through the dotcom boom and survived. Today, it has a $6.4 billion market cap and remains a key player in the optical switching, transport services and software markets as well as other complementary sectors.This is a big deal right now as all the major U.S. mobile carriers -- as well as carriers around the globe -- are looking to transition their systems over to 5G. This "fifth generation" of telecom promises mobile bandwidth up to a 1,000 times greater than current 4G LTE technology. * 7 Stocks to Buy Down 10% in the Past Week Up 24% year-to-date, it is in prime position for massive growth as 5G makes its way into the U.S. market. Aspen Technologies (AZPN)Source: Pavel Kapysh / Shutterstock.com Aspen Technologies (NASDAQ:AZPN) is yet another company that has its roots in ideas and people from the Massachusetts Institute of Technology. It opened its doors in 1981 and remains a force in the industry today because it's constantly looking for the next problems to solve.Essentially, AZPN works with enterprise-level organizations to improve their manufacturing and asset management challenges. Its software is used by major companies in the energy, chemical, construction, pharmaceutical, food and beverage and consumer packaged goods sectors.Its fundamental goal is to make an organization's assets work as efficiently as possible on every level. And nowadays, it has done so with subscription services as well as licensing to maximize its own recurring revenue streams.Up 63% year-to-date and still trading with a trailing P/E around 35, this is a rock-solid growth stock that can stand the test of time. Universal Display (OLED)Source: Daniel Pieterson / Shutterstock.com Universal Display (NASDAQ:OLED) is in a great sector and has a great reputation, but it can be a volatile stock.For example, while OLED stock is up 124% year-to-date and 66% in the past 12 months, the stock was at its current price level in January 2018.Because it is a leading maker of organic light-emitting diode screens, it is a leading player in this sector across the tech industry. * 10 Companies Using AI to Grow And now that demand is big -- and still growing -- it can compete on price with other previously lower-priced screen technologies. OLED screens offer significant advantages but are more expensive, so they have remained in the premium market sectors until recently.If you can take the volatility, this is a strong long-term play. Aerojet Rocketdyne Holdings (AJRD)Source: Piotr Swat / Shutterstock.com Aerojet Rocketdyne Holdings (NYSE:AJRD) is, if you can't guess by its name, an aerospace company that has roots going back to 1915. It is one of the pioneering companies that began U.S. aerospace efforts for both exploration and defense purposes.Aerojet Rocketdyne may not carry the cachet of the new space companies like SpaceX or Blue Origin. But it has been doing the work and pushing the boundaries of aerospace engineering long before the CEOs of these new companies were even born.It remains a niche player in the space, still only sporting a $4 billion market cap. But that means in good times, it's leveraged for growth far quicker than its blue-chip defense competitors. Plus, it gets a lot of their subcontracting work as well.Up 48% year-to-date yet still trading at a trailing P/E of 25, AJRD stock is well positioned to take advantage of President Donald Trump's new desire to get back into space. Just yesterday he announced the reestablishment of the U.S. Space Command. Heico (HEI)Source: Shutterstock Heico (NYSE:HEI) is another quiet pioneer of the U.S. aerospace community. Although in recent months, its cover has been blown as investors look for solid companies that have what it takes to grow.HEI has been around since 1957. The company designs and manufactures aerospace, defense and electronic-related products and services. Simply put, it builds the parts that help others build and service jet engines. It also builds the parts that are at the heart of everything that flies -- from jets, to rockets, to satellites.It also services all these components. * 10 Undervalued Stocks With Breakout Potential As space becomes a new opportunity for commerce, geopolitical advantage and exploration, HEI is at the center of all that. If it flies, HEI is likely to have something to do with keeping it flying.Up 90% year-to-date it is a rock-solid, long-term growth stock that usually doesn't get the spotlight it's currently under. PayPal (PYPL)Source: JHVEPhoto / Shutterstock.com PayPal (NASDAQ:PYPL) has certainly launched a number of our most visible billionaire visionaries, like Elon Musk and Peter Thiel.But since its early success, PYPL has found a way to remain relevant and expand. And now thanks to the financial technology wave, its time to shine has come again.PayPal was of the original "neobanks" where people could keep money or transact purchases without using a credit card or direct payments. Now it is the proud owner of Venmo, the most popular peer-to-peer money service out there.Fintech is one of the hottest sectors in the market right now. The digitalization of banking is going to be as disruptive to banking as e-commerce has been to the retail industry.PYPL has proven that it is ready for the challenge. And with a $129 billion market cap, it may not be as shiny as its smaller competitors, but it is still a powerful force.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 7 Best Tech Stocks to Buy Right Now appeared first on InvestorPlace.
If I could close the stock market every August, I would. With New York and Europe on vacation, and trading volumes so light, it seems like any headline puts stocks into a tizzy - no matter how consequential it actually is, long term.But if you know me at all, you know I believe in keeping calm and focusing on the fundamentals.I certainly was glad I did with AppFolio, Inc. (NASDAQ:APPF). Like most other stocks, the end of 2018 was rough on APPF, despite third-quarter earnings season. AppFolio's Q3 report included strong forward-looking guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNonetheless, the market volatility erased most of the gains the stock had made for the year. That was disappointing to see, as the actual third-quarter numbers were also good. Revenue grew 32% and net income grew 50% year-over-year, demonstrating high demand for AppFolio's product: cloud-based software for small business owners.Source: Citrix Online via FlickrNot to be discouraged, I went on record that APPF was a "Buy" - and now, the stock's up a nice 125% for my Platinum Growth subscribers!In the most-recent report in late July, the company smashed its second-quarter earnings forecasts. Wall Street analysts had expected $0.11 earnings per share - well, AppFolio delivered $0.65 per share! Clearly, sticking with APPF through the volatility was the right call. And now I'm making an even bolder call for the market in general. * 10 Marijuana Stocks to Ride High on the Farm Bill Then there's Innovative Industrial Properties (NYSE:IIPR). It is the only publicly traded cannabis real estate investment trust (REIT). The stock boasts a strong 2.3% dividend yield and exceptional relative strength: It's absolutely blowing away the S&P 500's return for 2019 to date.I'm not ready to recommend a pure play on marijuana just yet, as I still need to see a few quarterly reports on the books that show that they have the enough staying power to propel them higher over the long term, but IIPR is different. You see, Innovative Industrial Properties has never grown, processed or sold a single marijuana product. Rather, it leases facilities to medical cannabis providers…first in California, and now in 12 states, most recently expanding further into Pennsylvania. Basically, it's the "landlord" of these companies.And it's an understatement to say that medical marijuana is a growth industry, especially for IIPR. All of the REIT's properties are leased (100%), and analysts are expecting 123% annual earnings growth.Only one thing has held IIPR stock back at all: Investor sentiment for legal weed in general has wavered lately. Yet stocks like IIPR remains one of my top "Buys" in my investing services today.How can I be so confident making these calls? Well, run the stocks through my Portfolio Grader, and the reasoning behind my "Buy" recommendation becomes apparent.For example, here's my Report Card for IIPR:While cash flow leaves something to be desired, and Wall Street analysts appear to be underestimating the stock, it's hard to argue with top-notch sales growth, earnings growth, and buying pressure (reflected in the Quantitative Grade) - all three of which get an "A" rating from Portfolio Grader.Neither APPF or IIPR (or any stocks, for that matter) have gone straight up. But by focusing on the key drivers of growth - and how likely the company is to provide that growth in the future - it's never a question whether to invest or not.In the long run, fundamentals are truly what matters.And we can apply much the same logic to the broad market. Two Most Important Factors in the Market TodayThis has been a particularly wild August, as protests in Hong Kong and the escalating U.S.-China trade war collide with thin market conditions. It's a sure recipe for sharp swings in stock prices.But when you look past the short term, and hone in on the market's fundamentals, here's what you see:In the bond market, the "inverted yield curve" reared its ugly head again, as the 10-year Treasury actually began to yield less than the two-year Treasury.Historically, that's been a signal of looming recession. But this time is unique for two reasons: * One, what's driving this is international capital flight. The bond markets elsewhere are downright ugly. The American economy offers better stability and growth than many others, making the United States an oasis. * For another thing, the Federal Reserve has already taken steps to un-invert the yield curve. The situation is devastating to the operating margins of the banks the Fed regulates. It's likely that we'll see further action from the Fed to pave the way for market success. I see at least two more rate cuts, with one potentially coming in September.Besides bonds, I've also got my eye on corporate investment. And August is a big month for stock buybacks, which are a net positive for the share price. Given the low Treasury yields, I expect to see even more companies take advantage of low rate to augment (or being) their stock-buyback programs in the coming weeks.Bottom line: I'm not seeing much to be worried about, long term, in the current landscape. If anything, there are a lot of positives to look forward to.Next time the Dow - and the headlines - turn south, just remember that this was a great earnings season for strong businesses like the ones I recommend:Out of the 24 stocks in Growth Investor that have reported their latest earnings, 21 turned in a positive earnings surprise!So, I'm confident making the very bold prediction I'm putting out there now. All I'm doing is following the same blueprint I've used over my entire 30+ year career. It continues to steer us into the best stocks the market has to offer. How You Can Navigate the Market and Sleep EasyI've been at this a long time, ever since I first built the stock-picking system that powers my Portfolio Grader, many years ago.But at the end of the day, all of us have much the same goals for our investment portfolios: * Thrive in Market Sell-Offs… * Create Your Own Million-Dollar Retirement Plan… * Get Paid Up to 4 Times a Month…I've got a whole library of special reports for all those goals and more.You get a taste of my approach through my letters here at Market 360 - but by upgrading your membership, you can have my whole catalogue of investing guides at your fingertips, whenever you need them. Go here for more details and to hear the bold prediction I've just made.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Earnings Season and Why Investing Boldly Will Pay Off in 2019 appeared first on InvestorPlace.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
While AppFolio Inc’s (NASDAQ: APPF ) shares have appreciated significantly year-to-date, the company reported its third quarter of “growing negative variances” from projections and estimates have been ...
AppFolio (APPF) delivered earnings and revenue surprises of 490.91% and -0.13%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
SANTA BARBARA, Calif., July 29, 2019 -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a leading provider of cloud-based business software solutions, today.
AppFolio, Inc (NASDAQ: APPF ) releases its next round of earnings this Monday, July 29. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report. Earnings and Revenue ...
For us, stock picking is in large part the hunt for the truly magnificent stocks. Not every pick can be a winner, but...
AppFolio (APPF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Jason Celino resumed coverage of RealPage Inc with an Overweight rating and $76 price target. KeyBanc is resuming coverage is due to strong demand trends and data monetization opportunities in the real estate SaaS market — a good sign for both AppFolio and RealPage, Celino said in a Monday note.
SANTA BARBARA, Calif., July 15, 2019 -- AppFolio, Inc. (NASDAQ: APPF), a leading provider of cloud-based business software solutions in the real estate and legal markets, today.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
SANTA BARBARA, Calif., June 27, 2019 -- AppFolio, Inc. (NASDAQ: APPF), a leading provider of industry-specific, cloud-based business software solutions, services and data.
We at Insider Monkey have gone over 738 13F filings that hedge funds and famous value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article we look at what those investors think of AppFolio Inc (NASDAQ:APPF). AppFolio Inc (NASDAQ:APPF) […]
If you're interested in AppFolio, Inc. (NASDAQ:APPF), then you might want to consider its beta (a measure of share...