|Bid||49.68 x 800|
|Ask||0.00 x 800|
|Day's Range||49.56 - 50.75|
|52 Week Range||31.39 - 53.71|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||51.50|
Almost two years ago to the day, I wrote about Twilio (NYSE:TWLO), questioning whether TWLO stock was worth $15 or $30.Source: Web Summit Via FlickrInvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the time, Twilio stock was trading around $25 and had been on a volatile run in its first year as a public company, trading as high as $71 within the first 100 days of its June 2016 IPO. Investors were having a hard time figuring out if the communication platform-as-a-service (CPaaS) had enough growth in it to pave a pathway to profitability. I reckoned that it did. Twilio was adding customers at a significant clip to offset any loss of revenue from Uber (NYSE:UBER) which at the time -- in its pre-IPO status -- was looking to go in another direction with its cloud-based communication services. Also, Twilio's non-GAAP losses were getting smaller by the quarter. If it could improve GAAP or even non-GAAP profitability, TWLO stock would naturally go higher. * 7 High-Yield REITs to Buy (Even When the Market Tanks) At $30, I suggested TWLO stock owners hang tight despite the Uber defection. And then I forgot about it. I moved on to cover other cloud-based stocks, including Ceridian HRM (NYSE:CDAY), one of my favorites in the HR space. What's Changed?It turns out a lot has changed. For starters, TWLO stock closed yesterday at $137, more than 450% higher than in May 2017, for an annualized total return of 137%. TWLO premarket this morning is down more than 3% along with the broader market indexes.Secondly, it showed 154,797 active customer accounts at the end of March, 187% higher than a year earlier, and 280% higher than at the end of March 2017. Finally, in fiscal 2016, Twilio had a non-GAAP annual loss of 16 cents a share. In fiscal 2018, the loss had turned to a non-GAAP profit of 11 cents a share, a 169% improvement over the past two years. Add to this, the acquisition of SendGrid and its cloud-based marketing platform in February for $2 billion, and you've got the makings of a powerhouse in cloud-based services. So, a lot's changed, including its price-to-sales ratio, which in May 2017 was around 7.4; today, it's close more than 23, forcing many investors to take profits. Never Sneeze at a ProfitTaking profits in any market is always a subjective opinion. Some like to let their winners run and others want to get their cost out so they can play on someone else's dime. Regardless of where you sit on this, it's understandable to want to realize profits on a stock that's gained 58% year to date compared to the S&P 500 index's 13.8% gain.However, it's also important to consider why Twilio's P/S multiple has doubled since May 2017, before deciding to sell its stock.First of all, there's no question that cloud-computing -- public, private, and hybrid -- have taken off over the past two years, leading investors to pay more for cloud-computing stocks like Twilio. One only needs to look at the run-ups of both Microsoft (NASDAQ-:MSFT) and Amazon (NASDAQ:AMZN) shares over the past two years to know cloud-related stocks are riding a significant tailwind. Tailwinds do eventually fade, but this one appears to be in the early innings despite the tremendous growth in recent years. Estimates put the global cloud computing market at $300 billion by 2022, a compound annual growth rate of 12% over the next four years. * 7 Stocks to Buy for Over 20% Upside Potential As my colleague Luke Lango recently wrote, Twilio's got a lot going for it, including the fact that its services will go from a "want" to a "need" soon."The customer base is growing by over 30%. Revenues are growing by nearly 70%. The retention rate is 95% and up," Lango wrote on May 14. "In other words, everything is going right for this company, and it will continue to go right as the CPaaS market goes from niche to mainstream over the next several years."I couldn't agree more. Bottom Line on TWLO StockHere it is, two years after recommending Twilio stock, and it's clear that more growth is on the horizon for the company. Ultimately, that will lead to higher gross margins, operating margins, and GAAP profitability. Do I think TWLO stock is the perfect holding? No, I do not. However, when it gets to GAAP profitability, it will be pretty darn close. In my eyes, Twilio stock is still a buy.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Twilio Stock Still Going Strong 2 Years Later appeared first on InvestorPlace.
Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (CDAY) (CDAY.TO), a global human capital management software company, announced today the pricing of an underwritten secondary public offering by Cannae Holdings, Inc. and affiliates of Thomas H. Lee Partners, L.P. (the “Selling Stockholders”) of 8,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a public offering price of $50.50 pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The offering consists entirely of secondary shares to be sold by the Selling Stockholders.
Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (CDAY) (CDAY.TO), a global human capital management software company, announced today that Cannae Holdings, Inc. and affiliates of Thomas H. Lee Partners, L.P. (the “Selling Stockholders”) intend to offer 8,000,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.
TSX: CDAY), a global human capital management (HCM) company, announced today that Christian Aid will deploy Dayforce, its cloud-based platform, to integrate all aspects of their employee lifecycle worldwide. Helping people across the world is no easy task, and for charitable organisations like Christian Aid, technology can be key to ensure they stay on course to improve the lives of those in need. Christian Aid, a charity dedicated to ending poverty, employs staff in some of the world’s most vulnerable communities within Africa, Asia, the Middle East, Latin America, and the Caribbean, often in remote locations where infrastructure and internet access are not always reliable.
Stock futures tilted higher after the major indexes and several top stocks reversed lower Wednesday. Qualcomm, Square, Cree and Ceridian fell late on weak guidance.
Ceridian (CDAY) delivered earnings and revenue surprises of -33.33% and -0.29%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
MINNEAPOLIS (AP) _ Ceridian HCM Holding Inc. (CDAY) on Wednesday reported first-quarter net income of $11.2 million, after reporting a loss in the same period a year earlier. For the current quarter ending in July, Ceridian said it expects revenue in the range of $191 million to $193 million. Ceridian shares have risen 50% since the beginning of the year.
Ceridian HCM Holding Inc. (CDAY) (CDAY.TO), a global human capital management (HCM) cloud technology leader, announced today that its Board of Directors has appointed Christopher R. Armstrong to the position of Executive Vice President, Chief Operating Officer of Ceridian. “Chris has demonstrated exceptional transformative and disciplined leadership during his 14-year tenure at Ceridian,” said David Ossip, Chairman and Chief Executive Officer. Mr. Armstrong is a long tenured Ceridian executive who has held a number of commercial and operational leadership roles at the company.
MINNEAPOLIS & TORONTO-- -- First quarter 2019 total revenue of $203.7 million, up 7.9% year-over-year, and, on a constant currency basis, up 9.5% year-over-year First quarter 2019 Dayforce revenue of $132.8 million, up 27.6% year-over-year, and, on a constant currency basis, up 28.6% year-over-year First quarter 2019 Cloud revenue of $154.6 million, up 21.8% year-over-year, and, on a constant currency ...
Philips' (PHG) first-quarter 2019 results benefit from higher sales from Personal Health and Diagnosis & Treatment businesses.
MKS Instruments (MKSI) first-quarter 2019 results are dented by lower semiconductor spending despite contribution from Electro Scientific Industries that was acquired in the quarter.
The Zacks Analyst Blog Highlights: Paycom Software, Fortinet, Ceridian HCM, Square and Shopify
The Zacks Analyst Blog Highlights: CommScope, Alteryx, Ceridian HCM, Guidewire Software and PTC
Ceridian (CDAY) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]