|Bid||21.20 x 1000|
|Ask||21.45 x 2200|
|Day's Range||20.62 - 21.34|
|52 Week Range||18.50 - 43.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 8, 2019 - May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.38|
NextPlay.ai, a mentoring mobile platform, is helping more than 100 Silicon Valley professionals mentor about 100,000 female students and recent graduates. Charu Sharma, NextPlay.ai CEO, says over 20 percent of the mentors who signed up are looking to hire the women they’re speaking with.
Dropbox, Inc. (DBX), a leading global collaboration platform, announced today that it will report financial results for the first quarter ended March 31, 2019 after market close on Thursday, May 9, 2019. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community.
I've met with Zoom Video Communications' (NASDAQ:ZM) CEO and founder Eric Yuan several times. He's soft spoken and humble. He also has a laser focus on his customers (keep in mind that the company's Net Promoter Score (NPS) is over 70, which is exceptional).Source: Shutterstock No doubt, Yuan's efforts have paid off in a big way. Today the company launched its IPO and yes, it's a mega offering. The ZOOM IPO priced 20.9 million shares at $36, which was after there were two increases in the range. In the deal, Salesforce.com (NYSE:CRM) agreed to invest $100 million. ZOOM also has some other notable strategic investors like Atlassian (NASDAQ:TEAM) and Dropbox (NASDAQ:DBX).The valuation? Well, the ZOOM IPO is now at $15.8 billion, with the stock up 75% on its opening. By comparison, the valuation was $1 billion in early 2017.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe ZOOM IPO comes on a day when Pinterest (NYSE:PINS) pulled off its own offering. That company priced 75 million shares at $19 and so far in today's trading, the stock is up 22%.And it's a good bet we'll see more new IPOs come to market in the coming months, such as Uber, Slack and Palantir. Background on the ZOOM IPOAs a college student in China during the 1980s, Yuan wanted to use technology to communicate with his girlfriend (by the way, she is now his wife!) This is why he was so attracted to WebEx, which he jointed as a founding engineer in 1997. He got a quick education on what it's like to be a part of a hyper growth company. * 5 Dividend Stocks Perfect for Retirees But when Cisco (NASDAQ:CSCO) acquired WebEx, things changed -- and not for the better. Yuan provided many ideas to improve the product but there was tepid interest. So in 2011, he left to start Zoom.His obsession was with creating the best product possible. As a result, there was little energy devoted to marketing. In fact, it was not until a few years ago that Zoom put together a marketing team.As of now, Zoom is a full-on platform that allows for rich video, voice, chat and content sharing. It is a native cloud system -- that involves a custom multimedia router -- which has demonstrated much better performance than legacy applications. The goal: to make Zoom meetings better than in-person meetings.Now, a key to the success of Zoom is that it is inherently viral. According to the S-1: "Our rapid adoption is driven by a virtuous cycle of positive user experiences. Individuals typically begin using our platform when a colleague or associate invites them to a Zoom meeting. When attendees experience our platform and realize the benefits, they often become paying customers to unlock additional functionality."This has translated into strong financials. From fiscal 2017 to 2019, revenues soared from $60.8 million to $330.5 million. Oh, and ZOOM is profitable. Last year, the net income came to $7.6 million and cash flow from operations was a hefty $51.3 million.The market opportunity is also enormous. Based on research from IDC, the spending on ZOOM's main categories are forecasted to reach $43.1 billion by 2022. Bottom Line on the ZOOM IPOWhile Zoom is a great company and is likely to see continued robust growth, the valuation remains at nosebleed levels. Consider that the price-to-sales multiple is around 47X. Actually, this is at levels for red-hot cannabis stocks!OK then, so what now for the ZOOM IPO? It's really tough to tell. However, it seems clear that the stock is priced for perfection. And yes, this can set investors up for disappointment. Just look at what happened with the Snap (NYSE:SNAP) IPO.In other words, when looking at ZOOM right now, it's best to be cautious.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post The Zoom IPO Goes Boom appeared first on InvestorPlace.
With equities flirting with all-time highs you might be wondering why today's gallery is focusing on stocks to sell. The reason is that it's not just a stock market, but a market of stocks. And there are both winners and losers in every environment -- even one where record highs are in reach.Indeed, the rising tide is not lifting all boats. Some of these vessels have gaping holes in the hull and are sinking. The three stocks identified today carry similar characteristics. Their price trends are all pointing lower. They're on the brink of breaking key support zones. And distribution days have cropped up to signal institutions are smashing the sell button.Whether you're looking for short trades to diversify your portfolio, or simply want to feel the thrill of profiting from pain, these stocks deserve your consideration.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The Jobs Report Isn't an Effective Metric for the U.S. Economy Behold, three vulnerable stocks to sell.Source: ThinkorSwim Box (BOX)Box (NYSE:BOX) shares were full participants in the 2019 comeback rally in the stock market. It set a blistering pace, gaining some 47% in the first two months alone. And then its earnings announcement killed the momentum. Since the late-February down-gap, BOX stock has been treading water.But with this week's slip, the company's shares are now testing the lower end of the range. And that presents an exciting breakdown setup worth trading. The critical level to watch is $18.40. If BOX breaches it, watch out below. It could send the shares down to the next support zone at $16.If support gives way then consider buying the June $19 puts.Source: ThinkorSwim Dropbox (DBX)Short of one glorious bullish episode, the entire saga of Dropbox's (NASDAQ:DBX) public life has been disappointing.Its 2019 flight path has mirrored BOX -full participation in the Jan-Feb boom and then upended by earnings. Since the quarterly report, DBX stock has been locked in a downtrend beneath falling moving averages. The 200-day, 50-day, and 20-day are all careening lower in a bearish fashion. With resistance heaped on top of it, DBX has struggled to score any kind of sustainable rally.And yesterday's high volume drop has me thinking more pain is in the offing. Support at $21 is being probed as I type and it's a test that will likely fail. A successful support breach could send the stock back to its 52-week low at $18.50. * 5 Dividend Stocks Perfect for Retirees To profit, you could buy the July $22 puts.Source: ThinkorSwim Alcoa (AA)Alcoa (NYSE:AA) has taken shareholders on quite the wild ride. Since 2016 the hellish coaster has risen 186% and then plunged 56%.This year's action can best be described as base building. It's essentially traveled directly sideways with neither bulls nor bears willing to touch it. But if the premarket weakness in response to this morning's earnings announcement is any indication, we could soon see a test of the lower end of its range.$26.50 is the zone to watch. If buyers emerge to defend it, then hold off on bear trades. But if it fails, then it's game on for shorts. Buying the July $28 puts or the July $28/$24 put spread are your go-to plays.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 3 Stocks on Shaky Ground appeared first on InvestorPlace.
Are These Tech Stocks Attractive after Nearing 52-Week Lows?(Continued from Prior Part)DBX’s returns Shares of cloud storage company Dropbox (DBX) have fallen 21.6% since it closed trading on March 23, 2018, the day it was listed as a public
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
The number of Bay Area exits via IPOs and M&A; in the first quarter dropped sharply to 40, according to PitchBook Data, less than half the total from last year's first quarter.
Dropbox is expected to take occupancy at 2+U late 2020. With this deal, the office portion of the 686,000-square-foot 2+U is 60 percent leased, with about four months to go before completion. Other 2+U tenants include Indeed.com and co-working company Spaces.
It's been more than a year since Dropbox and Google announced that they wouldpartner to make their products (including Gmail, Docs, Sheets and Slides) workbetter together
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there a...
Here are the Bay Area-based public companies that LinkedIn says are among the most desired employers to work for in the country.
Vireo Health (CSE:VREO), which owns Minneapolis-based medical marijuana producer Minnesota Medical Solutions, went public March 20 through a reverse takeover with a Canadian company listed on the Canadian Securities Exchange. Vireo Health stock currently trades around CAD$5.80. Should you consider buying VREO stock? Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsWell, I hadn't heard of the company before my editor asked me to write something about it, so I did a little quick research. What I found seemed attractive enough. However, it was another company's investment in Vireo that caught my eye. Why?Private investments, whether we're talking about cannabis or any other industry, have become hot commodities. Publicly-listed companies are disappearing in droves. According to a 2018 study by the Harvard Kennedy School, the U.S. saw the number of public companies shrink by 48% from 8,090 in 1996 to 4,331, 20 years later. * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix For various reasons, private companies are opting to wait before taking the IPO plunge. Yes, we are witnessing a surge in unicorn IPOs right now, but that might indicate we are getting to the end of the business cycle; companies want to strike while the iron's hot. To help remedy the situation, the SEC and state securities regulators are overhauling regulations so retail investors like you and I can invest in private companies, formerly the domain of high-net-worth accredited investors, pension funds, and other large institutional investment funds. Soon, investing in private companies will be as easy as sending money to a friend over your smartphone. In the meantime, there are some exciting options available. First, let's start with the company I mentioned owned a piece of Vireo Health.Cannabis Growth Opportunity: Based in Toronto and also listed on the Canadian Securities Exchange, Cannabis Growth Opportunity Corp. (CNSX:CGOC) invests in private and public cannabis companies. Currently, its investment portfolio is weighted 60% in private companies, 37% in public companies, and 3% in cash. At the end of October, its fiscal year-end, it had assets of CAD$42.2 million. In the case of Vireo, Cannabis Growth initially invested $2.0 million in the company in July 2018. Its preferred shares were converted to 1 million common shares through the reverse takeover. Those shares delivered a gain of $3.7 million (188%) in less than a year. I recommend you take a look at its portfolio of investments. CGOC is an excellent way to capture a little of the private capital markets.GSV Capital: Barron's recently covered this Silicon Valley investment fund that owns a piece of Lyft, which is close to going public. GSV Capital (NASDAQ:GSVC) is trading at a 30% discount to its net asset value of $9.89, and Lyft (NASDAQ:LYFT) is the company's seventh-largest holding. Other companies you've probably heard of in its top 10 holdings include Spotify (NYSE:SPOT), Palantir Technologies, Dropbox (NASDAQ:DBX), and Coursera. Unfortunately, it doesn't have any cannabis investments that I'm aware of.Years ago, I recommended GSV's stock because I'd read founder Michael Moe's book, Finding the Next Starbucks: How to Identify and Invest in the Hot Stocks of Tomorrow, and thought the premise of the fund made sense. It's had some ups and downs since then, but given it's focusing a lot more attention on its best ideas, more investments like Lyft are bound to push the stock higher. That said, anytime you invest in private companies, you're flying blind. These aren't investments you should be making in a tax-advantaged account. Other Private Equity OptionsAs the cannabis space evolves, more companies like Cannabis Growth will emerge, providing investors with lots of private capital options. In the meantime, I'd suggest you scour the listings of business development companies (BDCs) and private equity firms that invest in private companies that are growing, including those operating in the cannabis industry. A good example is Compass Diversified Holdings (NYSE:CODI), a holding company that invests in middle market companies in North America. In February, CODI sold Manitoba Harvest, the world's largest producer of hemp foods, to Tilray (NASDAQ:TLRY) for CAD$419 million. Compass is probably best known for buying Fox Factory (NASDAQ:FOXF) in 2008 and then spinning it off in 2016, making CODI shareholders approximately $775 million in the process. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post Vireo Health Highlights Attractiveness of Private Cannabis Investments appeared first on InvestorPlace.
The cloud services company has reportedly hired investment bankers to take it public this year, as its arch-rival landed a massive funding round that raised questions about whether it too would move forward with an IPO.
GSV Capital’s strategy is to invest in late-stage private companies and sell them within 18 months of their IPOs. Lyft is its fifth-largest holding.
Here's a closer look at the trends in startup dollars invested and deals done in the Bay Area between 2014 and 2018.
The longtime tech leader was was chief operating officer of Dropbox for about four years before leaving last summer and was previously CEO of Motorola Mobility after Google bought that company.
Alphabet's (GOOGL) Google is bringing Duplex on iPhone to expand presence in the global Artificial Intelligence software market.
Alphabet's (GOOGL) Google introduces tutoring app 'Bolo' in India for kids studying in primary schools to improve the literacy rate of the country.