|Bid||0.00 x 800|
|Ask||43.79 x 900|
|Day's Range||37.16 - 37.97|
|52 Week Range||25.16 - 48.22|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2020 - Feb 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.79|
Long term investing can be life changing when you buy and hold the truly great businesses. And highest quality...
"Since 2006, value stocks (IVE vs IVW) have underperformed 11 of the 13 calendar years and when they beat growth, it wasn't by much. Cumulatively, through this week, it has been a 122% differential (up 52% for value vs up 174% for growth). This appears to be the longest and most severe drought for value […]
Needham, the investment bank and financial management firm that underwrote Google’s IPO back in 2005, held its annual SaaS 1x1 Conference last week. This event, the ninth one the firm has hosted, highlights the rise of Software-as-a-Service in the tech field, and offers companies a chance to strut their stuff for some of Wall Street’s top analysts.While the tech giants get the bulk of the press, three new reports from the research arm of Needham highlight the potentiality inherent in the small-cap members of the software industry. We’ve used TipRanks’ Stock Screener tool to learn why Needham’s analysts picked these particular Software-as-a-Service companies, and found compelling reasons. These stocks hold Strong Buy consensus ratings, and more than 35% upside potential from high-rated analysts.PROS Holdings (PRO)This company occupies a necessary niche in the business software world, leading the pack in price optimization software. PROS also offers product packages to track sales effectiveness and revenue management. The company is based in Houston Texas, a growing tech hub, and includes offices in London, Paris, and Sydney. PROS reported $197 million in fiscal 2018 revenues.While the company reported an operating loss in its most recent quarter, the results were not all bad. Revenues were up 30% year-over-year, the EPS loss was not as deep as expected, and the losses have been growing sequentially less since Q1 2019.Investors have been impressed with PROS, and the stock has heavily outperformed the markets in 2019. The S&P 500 is up 24% year-to-date, while PRO shares have gained 73%, beating the index by nearly three times.This company’s clear strength in its niche and in the stock market has caught the attention of Needham’s Scott Berg. Berg is especially impressed by the company’s hiring plans, pointing out that the PROS is showing strong sales and looks to expand the sales force. He writes, “PROS is actively hiring in both B2B sales and professional services to manage customer success and implementations. While B2B Americas sales were very strong in Q2 highlighted on the earnings call, B2B Europe was highlighted on the Q3 call [and we] don't interpret any slowdown in Americas.” Berg puts an $80 price target on PRO shares, suggesting an upside of 44%. (To watch Berg's track record, click here)Wall Street tends to agree with the analyst's confidence on the Saas stock, considering TipRanks analytics reveal PRO as a Strong Buy. Out of 7 analysts polled in the last 3 months, 6 are bullish on PROS stock while only 1 remains sidelined. With a return potential of nearly 36%, the stock's consensus target price stands at $76. (See PROS stock analysis on TipRanks)Pluralsight (PS)With PS, we move from sales-related software to the education field. This company got its start in business training, and in 2007 moved its courses online as video offerings. Since then, it has expanded to include other training software modules. Pluralsight has maintained an active expansion policy of acquisitions, buying Orlando-based Code School in 2015 for $36 million, Adobe software training company Train Simple in 2016, and earlier this year announced the purchase of GitPrime for $170 million.Despite Pluralsight’s active expansion, and strong niche it holds in the business training world, the company has been posting heavy earnings losses despite rising revenues. Q2 saw revenues of $75 million, up 41% year-over-year, but an EPS loss of 6 cents per share. The Q3 numbers were $82 million in revenue and EPS loss of 8 cents. The Q3 free cash flow came in at a disturbing figure of negative $6.6 million.Share prices dropped sharply after the Q2 report, although they have been stable since. PS is down 23% year-to-date. On a positive point, corporate insiders have been buying up this stock; purchases increased by $1.37 million in the last three months. The company’s trailing 12-month asset growth stands at 139%, also a good sign.Like PRO above, this stock was reviewed last week by analyst Scott Berg. Again, he was impressed by management’s confidence, in this case, in addressing headwinds. Berg writes, “We maintain our belief that the company’s sales execution will improve meaningfully in 2020.” Backing this up, he points out, “Changes include bringing in people from the product team to get deals over the finish line and greater investment in pre-sales teams. We believe these changes should support improved execution in 2020 along with a catch up on sales capacity. The company now has just under 290 reps and we believe to support 2020 operating plan another 10 reps are needed by year end, which we view as achievable.”Berg puts a $25 price target on the stock, showing his own confidence in a 38% upside. Overall, PS has a Strong Buy consensus rating based on 4 Buys and 1 Hold, and the average stock-price forecast is $24.20. This suggests an upside of 34% from the $17.99 share price. (See Pluralsight stock analysis on TipRanks)Chegg (CHGG)Chegg provides an interesting service in the educational software industry, making textbook rentals available online. In addition to ebooks, the company also provides study guides, writing guides, flashcards, and online tutors. Like Pluralsight in the business realm, Chegg has been active in expanding through acquisition, and recently bought out WriteLab for $15 million and Thinkful, a coding school, for $80 million.Chegg has been consistently beating earnings expectations through 2019, and the stock is up 28% year-to-date. For Q3, CHGG showed a 27% revenue increase, to $94.2 million. More importantly, the company posted a 29% increase in subscribers, to 2.2 million, and boasts 138 million total views of Chegg Study content. The company raised its forward guidance for CY2019 to the $407 to $409 million range, and predicts total revenues for 2020 of $520 million.Needham was impressed; 5-star analyst Ryan MacDonald gave the company a $50 price target, suggesting a 36% upside after the SaaS 1x1 Conference. (To watch MacDonald's track record, click here)MacDonald sees internationalization as the path for Chegg moving forward, and wrote, “Investment in this area is already underway, with the acceptance of Canadian currency on the platform, and the identification of 10 countries with a strong English language presence that will act as the starting points for full international expansion. Though there are already a few hundred thousand non-US subscribers on the platform, management has yet to actively try to pursue an international audience.”How does MacDonald's bullish forecast echo against the word of the Street? Quite positively, it seems, as TipRanks analytics exhibit CHGG as a Strong Buy. Based on 5 analysts polled in the last 3 months, all 5 say "buy." These analysts suggest that if everything goes as planned, CHGG will be a $45 stock in the next 12 months, implying about 20% return. (See Chegg stock analysis on TipRanks)
Chegg Music 101 series brings spectacular, global artists to schools, with a $10,000 Music Grant, to showcase and support music in schools. Today, Chegg Inc. (CHGG), the Smarter Way to Student®, announced Hanford High School in Hanford, California as the winner of a once-in-a-lifetime visit from the trendsetting musician YUNGBLUD, an advocate for mental health awareness and other issues students care about. Students will be treated to a private concert featuring a selection of YUNGBLUD's top hits.
Chegg, C.H. Robinson Worldwide, Tilray, Anheuser-Busch InBev and Novartis highlighted as Zacks Bull and Bear of the Day
Behind most great companies and their stocks is an all-star management team that keeps calling the right shots.As investors, we tend to forget this. We get caught up in the quarterly earnings reports, the stock price movements, the headline announcement, so on and so forth. We often forget the people running the show. But, while all those other things are very important, they are arguably meaningless without strong management.Why? Because strong management is what makes a business tick. When a business is ticking in the right direction, that's when you get all the strong earnings report, the favorable headlines, the big growth numbers and -- most importantly -- a stock staying on a long-term uptrend.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, it all starts with great management. * 7 Beverage Stocks to Stock Up On With that in mind, let's take a look five stocks to buy with all-star management teams. Stocks to Buy: Microsoft (MSFT)Source: rafapress / Shutterstock.com The Executives: Satya Nadella (CEO) and Amy Hood (CFO)First up, we have the CEO and CFO duo over at global technology giant Microsoft (NASDAQ:MSFT).Satya Nadella took over as CEO of Microsoft in February 2014, at at time when the company was in crisis mode. Growth had dried up and margins were fading as Microsoft failed to innovate at the same pace as peers. This lack of innovation left Microsoft with a legacy business that was rapidly losing relevance.Nadella recognized this. He also recognized that cloud services -- not disks and hard drives -- were the future of enterprise and personal computing. So, from his first day as CEO, Nadella made it his priority to turn Microsoft into a cloud giant. He turned all of its legacy productivity businesses into cloud-based productivity businesses.The transformation worked wonders. Since Nadella took over as CEO, Microsoft has turned into one of the most important and dominant cloud companies in the world, and MSFT stock is up 280% to all-time-highs.None of it would've been possible without Nadella's partner in crime, Amy Hood. Hood was brought in as Microsoft's first-ever CFO about a year before Nadella became CEO. She was instrumental in helping Nadella craft a sensible, high-margin, recurring-revenue business model around Microsoft's cloud businesses. Since she took over, Microsoft has become a double-digit revenue growth company with rising margins. This powerful turnaround has provided the financial backbone for Microsoft stock surging to all-time-highs.The big idea? Together, Nadella and Hood took a company in crisis mode and turned it into the most valuable company in the world. So long as they remain at the helm, Microsoft should continue to do great things. Chegg (CHGG)Source: Casimiro PT / Shutterstock.com The Executives: Dan Rosenweig (CEO) and Andy Brown (CFO)Say hello to Chegg (NYSE:CHGG), the connected learning platform that has become a necessary learning assistant for millions of high school and college students across America. Several years ago, Chegg was just a textbook rental company. Then Dan Rosenweig took over as CEO in February 2010.Later that year, Rosenweig and Chegg acquired Cramster, an online homework helper platform. That platform would become the basis for Chegg transforming from a textbook rental company into a digital ecosystem of on-demand learning services. It started with Cramster's homework helper services. Then, Chegg threw in things like online textbook solutions, on-demand tutoring, test prep, college application help and source citing.Without Rosenweig leading the acquisition of Cramster in 2010, none of Chegg's transformation would've been possible.It also wouldn't have been possible without Andy Brown, who took over as CFO about a year after the Cramster acquisition. Brown was instrumental in creating a high-margin, subscription-based, recurring-revenue business around Chegg's suite of online learning services. In so doing, Brown helped turn Chegg into a high-growth, high-margin software company. * 7 Stocks to Sell Before They Roll Over Together, Rosenweig and Brown have powered huge gains in CHGG stock. Chegg went public at $12.50 per share in late 2013. Six years later, the stock sits near $35, and most analysts think it will go way higher. If their track record says anything, it's that Rosenweig and Brown have what it takes to get CHGG stock to $45, and likely even higher. Chipotle (CMG)Source: Northfoto / Shutterstock.com The Executives: Brian Niccol (CEO)Although the management team at Chipotle (NYSE:CMG) includes many talented people, the one who deserves the most credit for the impressive turnaround the fast-casual Mexican food chain has staged over the past years is Brian Niccol.Niccol was formerly the CEO of Taco Bell. Over there, he leveraged menu innovations and unique marketing to turn Taco Bell into one of the most popular dining destinations for young consumers. Niccol became Chipotle's CEO in February 2018. At Chipotle, he breathed life back into what was a depressed business that was still struggling with fallout from multiple food-borne illness crises.Specifically, Niccol emphasized menu innovations and rolled out things like queso, Carne Asada and various lifestyle bowls. He pushed forward with health-oriented marketing centered around the phrase "For Real." He also introduced multiple loyalty programs, rolled out various event-oriented promotions and aggressively expanded the digital business.The results speak for themselves. Before Niccol took over, Chipotle was struggling. Traffic volumes were falling, and margins and profits were depressed. Today, Chipotle is firing off double-digit comparable-store sales growth, traffic volumes are surging higher, and margins and profits are on the up and up.CMG stock is up three-fold since Niccol took over as CEO.The implication is simple. So long as Niccol is leading the charge over at Chipotle, this company should continue to do everything it needs to stay hot, and CMG stock should stay on an uptrend. Facebook (FB)Source: TY Lim / Shutterstock.com The Executives: Mark Zuckerberg (CEO) and Sheryl Sandberg (COO)There are a lot of people out there who don't like the duo leading Facebook (NASDAQ:FB). But, if you're an investor, you love Mark Zuckerberg and Sheryl Sandberg because they have been tremendous in their abilities to not just survive, but actually thrive in the aftermath of crisis.Zuckerberg created Facebook from his dorm room in 2004. The site went viral, and within a few years, it was the biggest social media platform in the world. Despite its huge success in attracting users, Zuckerberg didn't have a great game plan for how to monetize all of Facebook's users. That's where Sandberg came in. She was a former exec at Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), and she knew a thing or two about making money. Thanks to her leadership, Facebook has not just become the most used app in the world, but also the second-largest digital advertiser in the world.By itself, the fact that this duo turned Facebook into a $550 billion company on digital ads alone is impressive enough. But, it's surviving 2018 that makes them really special.In 2018, Facebook came under intense pressure from users, regulators and advertisers amid a series of data-privacy scandals that started with Cambridge Analytica. Most management teams would've buckled under the pressure, and most companies would've -- at the very least -- ceded some market share. Neither happened at Facebook. Both Zuckerberg and Sandberg were poised throughout the process, and Facebook came out on the other side largely unscathed.The big idea? These two are an impressive duo leading a very important company. So long as they remain in charge of Facebook, the growth trajectory will remain robust and shares will glide higher. Adobe (ADBE)Source: r.classen / Shutterstock.com The Executives: Shantanu Narayen (CEO)Last, but not least, on this list of stocks to buy with all-star management teams, we have Adobe (NASDAQ:ADBE) and its visionary CEO, Shantanu Narayen.The story at Adobe is much like the stories over at Microsoft and Chegg. At the start of the decade, Adobe was a good business. In fact, many would've called it a great business. Adobe dominated the creative solutions market, was growing at a nice clip, was sitting on huge margins and producing a ton of cash.But, when Narayen became CEO in November 2007, he did so with the mindset that preserving the status quo is not a winning strategy. He did what most people thought was crazy -- he disrupted an Adobe status quo that was working. He launched the Creative Cloud, a subscription and cloud-based offering that would replace Adobe's legacy creative solutions.Why disrupt a status quo that's working? Because it can be better. Since Adobe pivoted from legacy to cloud, ADBE stock has risen 800%.Now, Narayen is busy expanding Adobe's services to include digital marketing and enterprise cloud verticals. These verticals are rapidly growing, and as they continue to rapidly grow over the next few years, Adobe's revenues, margins, profits and stock price will continue to march higher.The big idea? Let Narayen keep disrupting the status quo and let ADBE stock keep marching higher.As of this writing, Luke Lango was long MSFT, CHGG, FB and ADBE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post 5 Stocks to Buy With Leadership From All-Star Management Teams appeared first on InvestorPlace.
Strength in Banking segment, higher ATM orders and significant benefits from the JetPay acquisition drive NCR's third-quarter 2019 results.
Chegg Inc. shares surged more than 10% in the extended session Monday after the company beat Wall Street's earnings expectations and raised its guidance for the year. The education company reported third-quarter net losses of $11.5 million, or 10 cents a share, versus losses of $13.7 million, or 12 cents a share, in the year-ago period. Adjusted for stock-based compensation and amortization of debt discount and issuance costs, among other things, earnings were 18 cents a share. Revenue rose to $94.2 million from $74.2 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 8 cents a share on revenue of $89.3 million. For the fourth quarter, analysts expect adjusted earnings of 28 cents a share on sales of $121.4 million. Chegg said it expects fourth-quarter sales of $122 million to $124 million. In full-year 2020, the company said it anticipated revenues of roughly $520 million. Prior to Monday's after-hours move, Chegg stock has gained 3.2% this year, with the S&P 500 index rising 22%.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...
Chegg (CHGG) 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.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Federman & Sherwood, a boutique litigation law firm that has been appointed counsel in various data breach cases, has initiated an investigation into Chegg, Inc. relating to a data breach affecting personal information of more than 40 million student users of chegg.com.
SANTA CLARA, Calif. , Oct 10, 2019 /PRNewswire/ -- Chegg, Inc. (NYSE: CHGG), a Smarter Way to Student®, today announced that it is scheduled to release its earnings results for the third quarter of 2019 ...