|Bid||0.00 x 900|
|Ask||0.00 x 1200|
|Day's Range||83.91 - 87.00|
|52 Week Range||58.55 - 100.43|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The impressive ways these under-the-radar tech companies are reinventing big markets make them top stocks for investors to buy now.
Alphabet's (GOOGL) Google Cloud is on a partnership spree with open-source software companies to strengthen cloud offerings.
Over the past five years, these companies scored the greatest one-day trading gain for Bay Area tech companies – setting a high bar for Lyft to beat on Friday when it is expected to launch its IPO.
AWS created a new open-source community for people to collaborate on Elasticsearch code for search and data analytics. Shares of Elastic, which commercializes Elasticsearch, fell as much as 5 percent. Open-source search software company Elastic ESTC saw its stock fall as much as 5 percent on Tuesday after Amazon AMZN Web Services announced the launch of a separate library of open-source code for Elasticsearch, a set of technologies that can be use to build search engines for web sites, and an important part of Elastic's business.
Elastic ESTC shares dropped 3.5 percent Wednesday after the software company's initial post-IPO lock-up period expired, allowing insiders to sell stock for the first time. Elastic, which provides open-source search software used by businesses, went public in October at $36 a share and the stock has since surged, closing on Tuesday at $87.14. Last week the company said that 25 percent of the shares that have been subject to lock-up agreements will be released and available for sale, so long as the stock's closing price on Monday was at least 33 percent higher than the IPO price.
[Editor's note: This story was previously published in December 2018. It has since been updated and republished.]The Big Data market is likely to grow for the long haul. Let's face it, the world is undergoing an explosion of data, such as from smartphones, IoT (Internet-of-things), wearables, AI (Artificial Intelligence) and machine learning.Actually, for just about any company to compete and thrive nowadays, there needs to be a Big Data focus. It's a strategic imperative. According to research from Statista, global spending is expected to go from $42 billion in 2018 to $103 billion by 2027.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, there is substantial opportunity for investors. But what are the best stocks to buy in the category? * 7 Top-Rated Stocks to Buy for March The good news is that the recent wave in IPOs has provided investors a group of next-generation players to choose from. So here's a look at seven:Source: Shutterstock Yext (YEXT)Yext (NYSE:YEXT) operates a knowledge platform, which includes a network of about 150 data providers like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Apple (NASDAQ:AAPL). For the most part, the company organizes data in ways to help businesses achieve goals, such as getting more customers or providing a better service.At the heart of this is intelligent search, which is based on context and intent. There is also AI (Artificial Intelligence) that helps provide more relevant results.The next generation of this technology, called Yext Brain, launched in late October. The system allows customers to sync their data with AI-enabled services like search, voice assistants and chatbots.In terms of growth for YEXT, it has been robust, though it flagged at the end of 2018. So far this year it's trending up and recently announced an expansion.Source: Shutterstock Alteryx (AYX)Alteryx (NYSE:AYX) was an early player in the Big Data industry, having been founded in 1997. The company also bootstrapped its operations. Note that AYX did not raise any venture capital until 2011.But this did not hamstring the company. Now AYX is one of the top Big Data stocks in the world. Then again, it has built a platform that is fairly easy for businesses to leverage analytics, such as by using visualizations. Keep in mind that Big Data systems are often focused on specialists like data scientists. * 10 Blue-Chip Stocks to Lead the Market AYX's strategy has helped to expand the market opportunity. In fact, the company believes that the spending on the category will go from $19 billion in 2016 to $29 billion by 2021.During the latest quarter, revenues shot up by 54% year over year.Source: Shutterstock Talend (TLND)With the rapid growth in new technologies, data integration has gotten even more mission critical. Yet the tools have tended to lag. It is often the case that there needs to be professional services and custom coding.But Talend (NASDAQ:TLND) is changing this with its innovative platform -- called Talend Data Fabric -- that integrates data and apps in real time across Big Data systems, cloud environments and on-premise installations. The result is that there is a unified view of data.To bolster the product, TLND acquired Stitch, which operates a cloud service that moves data into cloud warehouses and data lakes. The service has more than 900 customers.Granted, TLND stock got crushed late last year, but it does look like it was an overreaction. Note that the company continues to grow at a strong pace -- with revenues up 36% to $48.4 million in the fourth quarter.Source: Shutterstock Cloudera (CLDR)Cloudera (NYSE:CLDR) has built a sophisticated Big-Data platform that uses machine learning and analytics. It is also optimized for cloud environments.But CLDR is in the process of a major transformation -- that is, the company is merging with Hortonworks (NASDAQ:HDP), which is another of the major Big Data stocks. The combined entity will be a powerhouse, which will have services for the multi-cloud, on-premise environments and the Edge. Consider that HDP has an expertise with streaming and IoT while CLDR's focus has been AI. * 7 Healthy Dividend Stocks to Buy for Extra Stability There will also be significant scale, which should help provide a competitive advantage. The merger of CLDR and HDP will result in annual revenues of $720 million, with over 2,500 customers.Source: Flickr Splunk (SPLK)Founded in 2003, Splunk (NASDAQ:SPLK) is a pioneer in developing systems to analyze machine data, such as from websites, apps, servers, networks and smartphones. The focus was on helping companies gain "operational intelligence."Despite the emergence of fierce competitors, SPLK has been able to maintain its leadership. Then again, the company continues to invest heavily in R&D. Consider that at its most recent conference -- .conf18 - it had the largest number of new releases. For example, the company now has solutions for areas like IoT and Industrial IoT.Growth has also remained strong. During the latest quarter, revenues increased by 42%. Source: Shutterstock Elastic (ESTC)Elastic (NYSE:ESTC) is essentially a sophisticated search engine for businesses. At the core of this is open-source software, which is downloaded for free. This has not only allowed for rapid adoption of Elastic -- which is critical for any search engine -- but ongoing innovation.The platform also allows for searches of structured and unstructured data, say from databases, mobile apps, log files and so on. There is also AI features and machine learning. * 10 Best High-Growth Stocks for Young Investors And what about the growth ramp? Well, it has been torrid. During the latest quarter, revenues spiked by 72% to $63.6 million. The company has over 5,500 customers across more than 80 countries. Source: (C)iStock.com/tusumaru Mongodb (MDB)Relational databases have been around since the 1970s. The technology is also at the core of Oracle's (NYSE:ORCL) database franchise.But the problem is that the technology really does not meet the complicated needs of today's Big Data needs.So yes, there is an alternative, called NoSQL. And the leader in the category is Mongodb (NASDAQ:MDB). The company's database has been downloaded over 40 million times and there are more than 7,400 customers across over 100 countries. MongDB also has a thriving ecosystem, which has more than one million members in the MongoDB University.All this has turned into a standout business. During the latest quarter, revenues soared by 61% to $57.5 million. Actually, given the critical nature of databases to Bid Data, it would not be a surprise that a larger company -- say Oracle -- would eventually try to buy the company.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.Compare Brokers The post 7 Big Data Stocks That Deserve a Closer Look appeared first on InvestorPlace.
One of the consequences of the government shutdown was that it froze the initial public offering (IPO) market. But, of course, this is no longer a factor -- and yes, Silicon Valley dealmakers are working hard to launch deals. Perhaps the first high-profile offering will be ride-sharing operator Lyft. According to a report in the Wall Street Journal, the IPO is expected to hit the markets at the end of March.Source: Shutterstock And yes, the timing looks spot-on for the Lyft IPO. Keep in mind that Uber is also planning a deal soon, which could suck up huge amounts of capital. Some estimates call for more than $20 billion. In other words, with the Lyft IPO coming out first, there's a better chance of not getting squeezed and overshadowed.Also, note that there will likely be a flood of other 2019 IPOs. Just this week, Pinterest confidentially filed for its offering. The deal, which is led by Goldman Sachs and JPMorgan, is expected to be valued at a minimum of $12 billion. There has also been an IPO filing for Slack, which is a fast-growing collaboration app.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNext, another big reason that the Lyft IPO should fare well is that the overall markets have pulled off an impressive bounce back. There has been strength with fast-growing tech companies like Zscaler (NASDAQ:ZS), Smartsheet (NYSE:SMAR) and Elastic (NYSE:ESTC). Based on data from Dealogic, the tech companies that went public last year are up an average 33%.For the most part, Wall Street is hunkering for new deals. Backgrounder on the Lyft IPOThe filing has yet to be filed; rather, it looks like it will come out next week. Yet there is still a decent amount of information that is publicly available.Lyft, which was founded by Logan Green and John Zimmer, got its start in 2012 (this was two years after Uber). Interestingly enough, the original focus was on long-distance ride sharing. But the founders realized that the real market opportunity was in cities. To help pump up growth, Lyft also leveraged partnerships, such as with companies like General Motors (NYSE:GM) and Tata Motors (NYSE:TTM).Unlike Uber, Lyft has been focused primarily on the U.S. market. But Uber still has a commanding lead, with about 69.2%.Then again, this means there is a large opportunity to cut into this. Keep in mind that customer loyalty for ride-sharing services is tenuous. Uber has actually lost 3% in market share since October, according to Second Measure (this is based on credit and debit card data).What's more, Lyft is growing at a rapid clip. During the first half of last year, revenues spiked by 88% to $909 million. The company offers its service across more than 300 cities.Although, the company is still losing money. For the first half of 2018, the net loss was $373 million, up 46% on a year-over-year basis. Bottom Line On Lyft StockLyft's stock will be listed on the Nasdaq and the valuation is expected to range from $20 billion to $25 billion. However, until we get the S-1, it's tough to get a sense of what a reasonable valuation should be. Sometimes the details can be surprising.All in all, when it comes to IPOs in general, investors should be cautious. These deals can easily flame out, as we've seen with Zynga (NASDAQ:ZNGA), Groupon (NASDAQ:GRPN) and Snap (NYSE:SNAP).Regardless, the Lyft IPO will certainly garner lots of buzz -- and also provide us with a good indication of the appetite for public offerings.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 * 6 Hot Stocks For Goldman Sachs' New Investing Strategy * 10 Smart Money Stocks to Buy Now * The 10 Best Cheap Stocks to Buy Right Now Compare Brokers The post Lyft's IPO Deal Is On the Fast Track appeared first on InvestorPlace.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Every investor in Elastic N.V. (NYSE:ESTC) shouldRead More...
Recent IPOs are often a crapshoot, but near start of new market advances, some can morph into new leadership as there are no meaningful sellers (insiders can't get out in size for at least a few months) and bigger investors accumulate positions, suggests Mike Cintolo, growth stock expert and editor of Cabot Top Ten Trader.
Most stocks from last year's class of Bay Area IPO companies ended the year in positive territory, with 23 of them closing 2018 above their IPO offering prices. Here's a look at all of them, as Wall Street volatility threatens the planned 2019 IPOs of a number of the most closely watched startups.
Next year is supposed to be a blockbuster year for tech IPOs, but investors have reason to be concerned given how 2018's debuts are trading.
(Bloomberg) -- Elastic NV co-founder Steven Schuurman more than doubled his fortune in two months to become a billionaire as the software company’s stock skyrocketed.
Nearly half of the 22 U.S. IPOs in October priced below their range, according to Renaissance Capital, which manages exchange-traded funds made up of IPO stocks. Several more were postponed.
Shares of Netherlands-based Elastic NV (NYSE: ESTC), the company behind Elasticsearch and the Elastic Stack, rose nearly 100 percent on its trading debut in early October. Jefferies' John DiFucci initiated coverage of Elastic with a Hold rating and $65 price target. Canaccord Genuity's Richard Davis initiated with a Hold and $65 price target.
The company, which is an open-source software provider for search and visualizations, launched its IPO. On the first day of trading, the Elastic IPO soared 94% to $70. The Elastic IPO was listed on the NYSE and the lead underwriters included Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM), Barclays (NYSE:BCS), RBC Capital (NYSE:RBC), BofA Merrill Lynch (NYSE:BAC), Citi (NYSE:C) and Jefferies. And yes, the public offering had the second highest first-day performance this year.
Elastic first filed to go public last month. The company offers its technology through cloud providers such as Amazon, but Amazon also represents competition. Elastic ESTC , a company that commercializes open-source software for search and data analytics, saw its stock soar as much as 106 percent on Friday, its first day of trading on the New York Stock Exchange, under the symbol ESTC.
Data service provider Elastic is set to begin trading on the New York Stock Exchange Friday under the ticker symbol "ESTC." The Details Elastic has experienced strong momentum and has more than ...