|Bid||182.15 x 800|
|Ask||0.00 x 1000|
|Day's Range||180.35 - 183.85|
|52 Week Range||137.87 - 186.44|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||204.07|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
When Apple Inc posts quarterly results on Tuesday, investors will be looking for fresh evidence the iPhone maker should be treated as a producer of high-margin, subscription services after its stock market value touched $1.4 trillion and its earnings multiple trades at decade highs. Fueling its stellar run has been Chief Executive Tim Cook's push to turn Apple's loyal client base into a source of steady services revenue, including streaming video and a credit card launched last year with Goldman Sachs. Also supporting Apple's stock is excitement around an eventual pickup in iPhone demand with the rollout of 5G wireless technology, and low interest rates that have broadly helped Wall Street.
An early-stage startup that last year added a former executive from HubSpot to its team is raising funds from a couple of high-profile investors.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.SAP SE raised its outlook for adjusted operating profit but cloud revenue forecasts wavered, as the software giant’s new chief executive officers’ plot how to compete with U.S. rivals.Europe’s biggest tech company by market value has spent the past few years concentrating on growing its cloud business.However SAP’s fourth-quarter results were “mixed,” analysts at MainFirst said, adding that while licenses and operating margins were ahead of predictions, cloud revenues came in below expectations.The company’s shares fell as much as 2.7% in early trading Tuesday.The results mark the first full quarter under co-CEOs Christian Klein and Jennifer Morgan, after chief Bill McDermott stepped down in October after 10 years at the helm.McDermott spent $26 billion on six major cloud acquisitions and was the main advocate for the $8 billion acquisition of cloud-software company Qualtrics International Inc., the company’s largest-ever deal.Klein and Morgan must find ways to compete with younger companies like Salesforce.com Inc. and Workday Inc. while encumbered by a traditional enterprise software business.SAP reported a 25% increase in new cloud bookings to 2.27 billion euros ($2.5 billion) for 2019, but reduced its guidance for 2020 cloud revenue growth, while the mid-point of operating-profit growth was below prior guidance.Over the fourth quarter, revenue at the Qualtrics business hit 156 million euros.One of SAP’s biggest customers moved a large chunk of its business to the cloud, which contributed 10 percentage points to the total new cloud-bookings growth of 19%. This suggests that new growth, excluding this contribution, was in high single digits, analysts at MainFirst said.Lower growth in the high-margin cloud business is also likely to weigh on the company’s overall profitability, Jefferies analyst Julian Serafini said in a note on Tuesday.SAP lifted its estimates for adjusted operating profits to 8.9 billion euros to 9.3 billion euros, from 8.8 billion euros to 9.1 billion euros. That compares with an average analyst estimate of 8.82 billion euros, according to estimates compiled by Bloomberg.“We are running our business at a global scale quite resilient against any kind of geopolitical tensions and trade sanctions in the world,” Klein said in an interview with Bloomberg TV Tuesday.For the fourth quarter, SAP reported adjusted operating profit rose 12% to 2.84 billion euros, compared with an estimate of 2.85 billion euros. Revenue rose 8.3% to 8.05 billion euros, compared with estimates of 8.09 billion euros.(Updates with comments from SAP co-CEO Christian Klein and additional context)\--With assistance from Kit Rees.To contact the reporter on this story: Sarah Syed in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Both tech names are in strong uptrends with no topping price action, so a retracement during the current market pullback should be relatively shallow
Adobe successfully pivoted to cloud-based subscriptions. But new acquisitions raise risks. Is Adobe stock a buy? Here’s what earnings and its chart show.
(Bloomberg) -- Japanese rock star Yoshiki and software giant Salesforce.com Inc. are backing cloud consulting firm Uhuru Corp. in its next fundraising round, a person familiar with the plans said.Tokyo-based Uhuru is planning to raise 15 million pounds ($20 million) to 20 million pounds, the person said, asking not to be identified because the plans are confidential. Salesforce, which currently holds 4.7%, and Yoshiki will be minority holders after the funding round, the person said.Uhuru had planned to list on London’s Alternative Investment Market last year, but backed off after uncertainty over the U.K.’s plans to leave the European Union dampened interest in new issues. The company specializes in “digital transformation,” helping construct networks as well as offering data analytics, consulting and marketing services.@YoshikiOfficial in a club in Tokyo. Japan is full of surprises. pic.twitter.com/wG5RW4G5i7— Marc Benioff (@Benioff) April 11, 2019 Yoshiki, a classical pianist and leader of the rock band X Japan, is friendly with Salesforce co-founder Marc Benioff, who has tweeted clips of the two singing karaoke in Tokyo in April. Yoshiki, who’s been performing for more than 30 years, has played at the Lollapalooza and Coachella music festivals and at Carnegie Hall in New York.No final decisions have been made and the backers could still decide against investing. Representatives for Uhuru, Yoshiki and Salesforce declined to comment.The company lists its main shareholders as including SoftBank Group Corp., Dentsu Group Inc., NEC Corp. and Salesforce on its website. It generated $35 million in revenue in 2018, according to the Financial Times.\--With assistance from Nico Grant.To contact the reporter on this story: David Hellier in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Aaron Kirchfeld at email@example.com, Amy Thomson, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Marc Benioff’s latest book, about the need for a gentler capitalism, became a national bestseller. The company he co-founded, Salesforce.com Inc., helped boost sales by encouraging employees to buy and expense the book published last October.The software maker sent a memo to its 48,000-member workforce last fall offering reimbursement if they purchased Benioff’s latest book, “Trailblazer,” the company said. Salesforce said it considers the book to be “business material.”“Our employees were invited to expense a copy and spread the word,” a Salesforce spokeswoman said in a statement. “‘Trailblazer’ was inspired by our employees, so of course we wanted to get it in their hands, as well as our customers’, partners’ and anyone else wanting to learn how business is the greatest platform for change.”“Trailblazer: The Power of Business as the Greatest Platform for Change” is the fourth book co-written by Benioff. On its website, Salesforce touted it as an “instant” New York Times bestseller. It was No. 1 on the Wall Street Journal’s bestseller list. The billionaire’s books have served to bolster his reputation in the technology industry, especially, “Behind the Cloud,” about building his business applications company.While the exact calculations behind the bestseller lists are shrouded in secrecy, the consensus in the publishing industry, according to the news website Vox, is it takes at least 5,000 books sold in a week to make the New York Times’ list.Proceeds from “Trailblazer” sales were donated to charity, the company said.“Trailblazer” tracks Benioff’s public journey deeper into social and political causes in recent years, including how to leverage his influence as a tech leader on issues he cares about including education and homelessness. In the book, Benioff declares that capitalism is “dead” and must be replaced by a system guided around more than just the interests of shareholders. He also called for higher taxes on the wealthy and more regulation on the tech industry.To contact the reporter on this story: Nico Grant in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Silicon Valley employers like SAP, Visa and EY open up to job candidates with autism, ADHD, dyslexia and other ‘neurodiverse’ diagnoses.
Microsoft’s huge run to a $1 trillion-plus valuation has been driven by the remarkable growth in its Azure cloud business.
As companies look to adapt and adopt in the fast-paced world of technology, Salesforce.com Co-CEO Keith Block noted that there are three key pillars of digital transformation.
Cloudflare CEO Matthew Prince joins Yahoo Finance live from the 2020 World Economic Forum in Davos.
Yahoo Finance chats with PayPal CEO and Salesforce co-CEO Keith Block about shareholder capitalism on the sidelines of the 2020 World Economic Forum.
When Anne Wilson recently realized she had reached the four decade mark at the same Bay Area nonprofit, it struck her as both a profound achievement and realization that the time to pass the torch had come. CEO of the United Way Bay Area since 2000, the 67-year-old Wilson says now is a good opportunity to bring in fresh leadership to the local offices of the nationally recognized nonprofit. "I think every organization needs new leadership after a certain amount of time." Wilson will step down on Feb. 28 but will continue to work with the UWBA to ensure smooth transition — expected by spring — as the United Way Worldwide conducts a national search for her replacement.
Yahoo Finance chats with Howard Elias, Dell Technologies president of services and digital, and Annette Clayton, Schneider Electric North America CEO, at the 2020 World Economic Forum in Davos about the outlook for economic growth.
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.
CRM stock has lagged software group peers as investors digest a number of big industry acquisitions, such as Tableau. Could digital transformation growth drive a Salesforce stock rally?
What fuels top-line growth for software growth stocks? At least four megatrends in technology: cloud computing, digital transformation, big data analytics and artificial intelligence.
When insiders sell a stock, investors do not always get a clear signal on what that means. Automatic selling could send false bearish signals that are not there. Conversely, insiders buying shares suggests that the executive group is bullish on the company's near-term prospects. Chances are low that insiders would buy shares if they did not believe that markets undervalued the company.Investors may search out large-capitalization companies that had insiders buying shares in recent months. There are four technology companies, two consumer discretionary firms and one health company that have reported notable insider buying activities. Even more compelling with these seven companies is that they may suit investors looking for a good deal. Their share prices either fell hard recently or their stocks are already trading at favorably low valuations.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)Source: JHVEPhoto / Shutterstock.com Despite trading close to 52-week highs, insider buying of Intel stock suggests James Goetz is confident in the chip giant's future. Technology fans are certain that Advanced Micro Devices (NASDAQ:AMD) will take its notebook, PC and server market share through Ryzen 4000, Ryzen and EPYC chips, respectively. But value investors unwilling to overpay for AMD stock may hold Intel (NASDAQ:INTC) instead.The dividend yield of 2.1%, price-to-earnings ratio below 14 times and its ambitions beyond PC chips are just a few reasons to hold the stock.At the Mobileye Media & Customer Conference, Intel highlighted the growth of Mobileye chip shipments, which topped 17.4 million in 2019. This is up from 12.4 million in 2018. With 33 design wins and 16 product launches in 2019, Intel's Mobileye offers tremendous growth ahead. For example, its chips supply front camera functions for driver assistance in automobiles. Its conditional autonomy features include driver monitoring and surround vision.In 2022, the unit expects to have "mobility as a service" ready. One day, Mobileye will have full autonomy solutions for the auto market.Tesla (NASDAQ:TSLA) popularized the idea of self-driving electric vehicles, but Intel has tremendous revenue growth opportunities as it sells more autonomous driving chip solutions on the market. * 7 Small-Cap Stocks That Are Not Worth a Second Glance Per simplywall.st, the stock is historically inexpensive and also offers a healthy dividend yield. Its price-earnings to growth ratio is one risk to watch out for. At 6.4 times, the value relative to future growth is poor. In that same vein, analysts are neutral on the upside for INTC stock, with an average price target of $58. Alternatively, a 5-year discounted cash flow model that assumes revenue growing 5% annually implies a fair value of near $61. Uber (UBER)Source: BigTunaOnline / Shutterstock.com Director Ronald Sugar's buying of 35,000 Uber (NYSE:UBER) shares at $27.20 late last year proved timely. The stock rallied since then, and might break out after its earnings report on Feb. 6. Despite the stock showing strong performance, Uber has some major near-term challenges to overcome.The company dropped upfront pricing for most Californian riders. By showing customers only estimated prices, removing rewards for frequent users and allowing drivers to turn down requests, Uber wants to get around what's being dubbed as the "gig-worker law." California's Assembly Bill 5 seeks to classify workers as employees. This gives them more labor rights but increases Uber's costs.To shift from ride-hailing toward technology, Uber added Korean automotive giant Hyundai (OTCMKTS:HYMTF) as its newest partner on electric air taxi development. Hyundai thinks it will have an urban air mobility service in 2028. But Uber investors are not looking at an air taxi as a source of revenue growth. Still, it does show that Uber is getting ahead of the technology curve and is seeking growth from innovation.Uber will continue investing in its marketplace to drive top-line and margin growth. It will invest more in its premium products, offering more options for customers. And it will have the financial discipline to minimize operating cost growth.Looking ahead to its earnings call on Feb. 6, Uber will give investors its full-year 2020 guidance. Expect strong ride usage driving revenue and plans for operating expenses falling throughout this year. Investors may prefer to play it safe by forecasting revenue falling to 25% annually. In this 5-year DCF model, Uber stock may have a downside risk of 26%. Salesforce (CRM)Source: Bjorn Bakstad / Shutterstock.com Director Susan Wojcicki's purchase of 1,100 shares of Salesforce (NYSE:CRM) stock at about $175 on Jan. 7 proved timely. The stock reached new highs last week and shows no sign of falling off.A few analyst upgrades create a strong uptrend in CRM stock at the beginning of this year. RBC and Jefferies posted positive reports on the company. Last month, Cowen called the stock the best idea of 2020.On Dec. 3, Salesforce reported revenue growing a solid 33% to $4.5 billion. Earnings per share of 75 cents were ahead of consensus estimates. The cloud software firm has strong momentum and the business is getting stronger. The revenue growth should impress even the most bearish investor. The company is delivering on good experiences and is exceeding expectations. This is attracting more companies from all over the world.Salesforce has a simple approach: It centers its solution on the customer. So, they see the company as its trusted advisor. * 9 Up-and-Coming Small-Cap Stocks to Watch The company cited many big companies as customers, including Boeing (NYSE:BA), Siemens, CarMax (NYSE:KMX) and Corteva (NYSE:CTVA). So, by creating a 360-degree view of its customers, Salesforce is helping offer a better customer experience. Since no other software company offers this level of customer management, Salesforce has a strong moat. Fastly (FSLY)Source: Blackboard / Shutterstock Last summer, an insider buying shares of Fastly (NYSE:FSLY) may have proven to be too early. The stock is stuck in a trading range, but its fundamentals are getting better.Fastly posted third-quarter revenue growing $49.8 million, up 35% year-over-year. It lost 9 cents a share on a GAAP basis. In Q4, it still expects a loss between 10 cents and 13 cents. And for the full-year 2019, it expects revenue as high as $198 million.Fastly is cutting costs and seeking operating leverage opportunities to reach a path of profitability. Its network attracts developers who continue to use more of its platform and tools. So long as more developers join the service and use its newer tools, Fastly's revenue growth could accelerate. Last quarter, it added a developer library. So, by including ready-to-deploy code and solution patterns, users may work more effectively and save on development time.New product launches, such as Compute@Edge, a partnership with HashiCorp and tools for big data analysis, may bring on more developers in the months to come. Raised full-year revenue expectations suggest that the company is already noticing strong demand for its new products.Fastly does not get much investor coverage and has only one analyst setting a $24 price target. Investors may assume revenue growing as low as 8% in a 10-year DCF revenue exit model. In this forecast, the stock is worth around $21. General Electric (GE)Source: testing / Shutterstock.com General Electric (NYSE:GE) CEO Larry Culp bought over 300,000 more GE shares in August 2019, at a price just over $9 a share. The stock traded recently at 52-week highs, meaning that buy appreciated well for Culp.Known for its ties to inventor Thomas Edison, GE was formed from two companies merging in 1892. Aviation, healthcare and power made up its core businesses back in 2018. Today, it is shifting its focus out of healthcare and into power regeneration.That move will pay off. Looking ahead, General Electric set a priority to turn around its hydro and grid business. On its conference call, Culp said:"At Renewable Energy, we're well positioned to capitalize on the energy transition. Orders and revenues were up double digits again, as we delivered approximately 1,400 turbines and repower kits in the quarter. We're seeing strength in international orders and order pricing continues to improve."General Electric posted renewable energy orders growing 30% to $5 billion. Its overall backlog of $27 billion is up 19% year-over-year.GE knows it cannot ignore the renewables energy business because of the addressable market size. The International Energy Agency said that offshore wind energy is a $1 trillion market by 2040. General Electric itself must deliver on better profitability as its business grows. * 4 Energy Stocks to Power the New Year The company is not yet there. Margins fell roughly 2% in renewables in the last quarter. As its cost reduction programs progress and onshore volumes grow, GE's profitability will improve. Cigna (CI)Source: Piotr Swat / Shutterstock.com While it wasn't as immediate, a December insider buy of Cigna (NYSE:CI) stock by Eric Foss paid off. Foss bought 10,200 shares of Cigna at about $195 a share on Dec. 3. Those shares topped over $210 in early January.So, is it too late for you to join in?When it next reports results on Feb. 6, the company will likely announce another strong quarter. In the third quarter, it posted earnings growing 14% to $1.4 billion, or $3.57 a share. Revenue more than doubled to $38.6 billion. The company issued a non-GAAP EPS forecast of $16.80-$17.00 for FY 2019. For 2020, it expects retention of a healthy 97%.Cigna announced the sale of its Group Life and Disability Insurance unit in December. This allows it to raise its share buyback program by a lofty $4 billion. And since the unit sale will bring in $6.3 billion, Cigna may use some of those funds to reduce its debt.In addition to disciplined balance sheet management, Cigna is integrating its Express Scripts unit well. It already expects top-line growth of 8%-10%. Thanks to international growth, enterprise growth will be 6% to 8%. Strong pharmacy solutions outside of the U.S. are driving positive results. And as Cigna adds artificial intelligence predictive indicators and predictive modeling against its benefits business, the company will squeeze out more profits. Conagra Brands (CAG)Source: Jonathan Weiss / Shutterstock.com Conagra Brands (NYSE:CAG) stock spiked to the $35 level after the processed and packaged goods supplier reported strong quarterly results. Even though an insider bought the stock at higher prices, valuations are compelling at 19.9 times earnings. On Jan. 2, Craig Omtvedt bought 40,000 shares at a price of $33.99 for a cost of about $1.4 million.The company posted its key initiatives that were all on track. Frozen and snacks, plus Hunt's Tomato and Chef Boyardee all showed strength. And even though the debt-to-equity of 1.4 times is unfavorable, the company continues to pay down debt. As year-to-date margins rose 21 basis points to 16.5%, integration and synergies will drive costs lower.In the Q3 period, Conagra found $42 million in savings, and now forecasts $305 million in upside synergies. This is up from a prior $285 million estimate.Conagra forecasts that in fiscal 2020 its product launch cycle will lead to improving results in the second half of the year. Although CAG stock initially soared on this news, the markets adjusted after processing the forecast timeline.Analysts have a modest upside price target on Conagra stock. Based on 11 analyst reports, the average price target is $34.73, which implies about 5% of upside from its current share price. Conversely, a cautious investor may model a 5-year DCF revenue exit model. Assuming revenue stalls in that time frame, the stock is trading at a fair value of around $33.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Should Insider Buying Tempt You Into These 7 Stocks? appeared first on InvestorPlace.