|Bid||25.05 x 900|
|Ask||25.43 x 900|
|Day's Range||25.09 - 27.50|
|52 Week Range||14.12 - 35.25|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.11|
San Francisco-based cloud company had a strong debut in public trading, with its shares rising higher than its IPO price.
There’s nothing investors like more right now than a new cloud-software company. They got one on Friday with the initial public offering of Cloudflare.
This San Francisco-based cloud company not only raised its IPO pricing range Wednesday but it set its IPO price even higher today.
Cloudflare raised its IPO pricing range Wednesday under strong demand, coming several days ahead of its anticipated public offering this Friday. The San Francisco-based software-as-a-service (SaaS) cloud company, which is designed to improve the performance of its customers’ websites and keep them secure, expects to price its IPO shares between $12 to $14 per share. With its new pricing range, Cloudflare anticipates raising upward of $490 million in capital and would capture a valuation of $4.5 billion.
Four Bay Area IPOs are scheduled to happen in the next two weeks and seven more are expected by year's end. Here's a look at all of them.
The San Francisco-based cloud company moves closer to its public debut as it seeks to follow the strong IPO performance of its archrival Fastly.
For the first time in over a week, the market moved the same direction two days in a row. The S&P 500 made a 1.27% gain on Thursday, though that still leaves it below the key 50-day moving average line. The volume behind the advance wasn't exactly thrilling either.Source: Shutterstock Computer company Dell Technologies (NYSE:DELL) took the lead, gaining more than 3% during the regular-hours session in front of earnings, and then jumping more than 9% in after-hours action after reporting an earnings beat after the closing bell rang.Holding the market back more than any other name was Fastly (NYSE:FSLY). Although it rallied more than 2% after the closing bell rang, that move didn't even come close to offsetting the stock's 12.5% setback during the normal session … a move mostly prompted by profit-taking after an incredible runup since mid-August.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy for September As for names worth a look as trading prospects headed into the long weekend though, take a look at the stock charts of Mylan (NASDAQ:MYL), Home Depot (NYSE:HD) and Newell (NASDAQ:NWL). Here's what's most noteworthy, and how that may point to what lies ahead. Newell (NWL)Newell shares have been fighting a losing battle since the middle of 2017. And, technically speaking, it's still within the confines of a well-established downtrend.On the other hand, thanks to a slow turnaround effort that started to take shape just a few weeks ago, NWL stock is close to snapping its way out of the slump. Just know that Newell has been in this condition before, only to be up-ended before it took off. But, this time it is shaping up a little bit differently. * Click to EnlargeThe upper edge of the bearish trend is the convergence of the white 200-day moving average line, and the dashed blue line that connects all the key highs going back to the beginning of last year. * Underscoring the budding bullish effort thus far is the fact that the Chaikin line is now back above zero, suggesting there's a healthy amount of volume behind the current advance. * If the prospective breakout ends up taking shape, the most plausible upside target is the 38.2% Fibonacci retracement level of $28.85. A move to that mark still wouldn't be in a straight line though. Home Depot (HD)The past couple of weeks have been good ones for Home Depot, and things were particularly hot yesterday. Thursday's 2% pop carried shares above a near-term ceiling, to bring the two-week advance to 13%. The move, however, also stopped right at another, more established technical ceiling.That momentum is compelling to be sure, particularly given how it first took shape. But, the odds of there being any more upside left to dish out are pretty slim, given everything else evident on the chart. * 7 Mega-Cap Tech Stocks on a Rebound Now * Click to EnlargeThe rally appears to have been capped at the resistance level that aligns Thursday's high with the peaks made in September and January of last year. It's the upper of the two blue lines that frame the rising trading range marked on the weekly chart. * HD stock has also now punched through the upper boundary of a shorter-term trading range, marked by red dashed lines on both stock charts. This hints at a breakout, but the sheer scope of the advance thus far is unusually big. * Underscoring the above-average odds of a pullback from here is the fact that the weekly chart's RSI indicator is very near its overbought level. Mylan (MYL)Finally, Mylan has been routed since the beginning of 2018. In fact, it looked downright unsalvageable in May thanks to a hard-hitting selloff.In some ways though, that drubbing may have ultimately been the best thing for it. Although Mylan shares have yet to work their way back into a bullish mode -- and are still far from it -- the recent action suggests May's meltdown may have served as a capitulation. Better still, the proverbial lines in the sand are pretty clear. * Click to EnlargeThe pinnacle line in the sand is the falling resistance line that connects all the peaks going back to January of 2018, marked in red on the weekly chart. It's currently at $27, and falling fast. * Also note the gray 100-day moving average line is soon going to be tested as a technical ceiling. It has been a problem several times in the recent past, albeit not exactly. * It's small, but MYL stock has made a string of higher lows since May's low, plotted with a yellow line. It's the longest string of higher lows seen in well over year.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post 3 Big Stock Charts for Friday: Mylan, Newell and Home Depot appeared first on InvestorPlace.
In Economics 1, you learn how to draw supply and demand curves. Founded in 2011 by CEO Artur Bergman, San Francisco-based Fastly (ticker: FSLY) calls itself an “edge cloud platform.” It includes a content delivery network, or CDN, with other services layered on top. Companies in the CDN business, like Fastly rival (AKAM) (AKAM), sit on the edge of the network and speed up access to web content and commerce sites.
Fastly, Inc. , provider of an edge cloud platform, announced today that the company will participate in the following investor conferences during the month of September
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities. Privet Fund on Aug. 20 disclosed a position in the metal and specialty-chemicals manufacturer of 1,221,449 shares, or 13.6% of the outstanding stock. In April of this year, Privet proposed to tender $20 per every Synalloy share it did not already own.
Stocks plunge after Trump tweeted, "We don't need China, and, frankly, would be far better off without them." The president planned to speak this afternoon.
The stocks that represent the most compelling investment opportunities are the ones most poised to outperform the rest. But how are investors supposed to know which stocks have the strongest prospects for long-term growth? That’s where the TipRanks Top Analyst Stocks tool comes in. It finds all the stocks that have garnered buy ratings from the Street’s most trusted analysts. Importantly, you can organize the search results by upside potential.Stocks trading under $15 aren’t necessarily cheap. Yet, they are still quite popular among investors as they present the chance to take a larger position in a company. We used the tool to find 3 of the top-rated tech stocks under $15. Each boasts impressive upside potential and has amassed support from the best-performing analysts. Let's take a closer look: RumbleON Inc. (RMBL)The first stock on our list offers an online platform for buying and selling vehicles. The platform utilizes a capital-light network of 17 regional partnerships and is designed for dealers as well as individual customers. While RMBL is down 24% year-to-date, analysts are saying it’s undervalued at $4.08.On August 12, the company reported that its second quarter revenue reached a record high of $270 million, up from $14 million in the prior-year quarter. Not to mention its powersport sales saw 98% year-over-year growth. RMBL has made significant efforts to expand its product offering. The company added cars and trucks to RumbleOn.com and added cash offers for this segment in May 2019. It has also shifted focus towards growing RumbleOnClassifieds.com, with it now representing the third largest U.S. consumer listing site for powersports and surpassing eBay’s size in the space. Management stated that it has additional plans to add auto listings to the platform by the end of the year.Five-star B.Riley analyst Lee Krowl noted that RMBL’s shift away from less profitable inventory is an important step in the right direction. “Management indicated that they expect flat Q/Q revenue growth in 3Q with a focus on enhancing the profitability of the company driven by optimizing away from less profitable inventory,” he added. The analyst reiterated a Buy rating on RMBL stock with a $9 price target, implying 72% upside potential from current levels. (To watch Krowl's track record, click here)Five-star JMP analyst Ronald Josey cited RMBL’s expansion efforts as especially promising. On July 30, he initiated coverage on the stock with a Buy rating while setting a $10 price target, which implies nearly 150% upside. (To watch Josey's track record, click here)“Ultimately, we believe the RumbleOn platform can expand to most types of vehicles — cars, bikes, RVs, boats, ATVs — which collectively represent ~$1 trillion in annual sales across what we view as a highly fragmented industry. While it remains early days at RumbleOn, by keeping its overall days sales outstanding (DSOs) to under 30, growing consumer awareness and as its sales mix evolves to about 50/50% dealer/consumer over the next several years from its current 90/10%, we think profitability should ramp materially,” Josey explained.The rest of the Street is cautiously optimistic about RMBL. It has a ‘Moderate Buy’ analyst consensus and a $9 average price target, suggesting 108% upside. (See RMBL's price targets and analyst ratings on TipRanks) Change Healthcare Inc. (CHNG)Change Healthcare uses big data to offer revenue and payment cycle management as well as solutions for clinical information exchange, connecting payers, providers and U.S. healthcare system patients. Its products provide a more efficient and cost-effective way to transfer healthcare information. With the share price currently at $13.16, this stock looks like a steal.The healthcare-technology company, which went public in June, is already showing promising results even with the implementation of the new revenue recognition regulation, ASC 606. Following its recent Q1 earnings release, shares soared nearly 9% yesterday. It posted $856 million in sales, coming in ahead of the $796 million consensus estimate. The company also announced during the earnings release that it had been awarded a six year contract to continue providing its clinical interoperability services to CommonWell Health Alliance and introduced InterQual 2019. InterQual 2019 is its clinical decision support solution which includes a ‘Hospital in the Home' program. These programs are used as alternatives to some acute inpatient stays. With healthcare spending expected to reach $6 trillion by 2027, analysts believe CHNG looks poised to meet the demands of this ever expanding market. Five-star Piper Jaffray analyst Sean Wieland gave the stock a small boost after the company’s strong fiscal Q1 earnings release. The analyst reiterated a Buy rating and raised his price target from $18.50 to $19, suggesting 44% upside potential. “Change’s revenue and profitability came in marginally ahead of estimates after factoring out the impact of adopting ASC 606,” he explained. (To watch Wieland's track record, click here)Barclays analyst Manav Patnaik thinks CHNG has demonstrated growth prospects that go above and beyond. “We believe the company has a solid foundation to leverage its data and analytics in the growing healthcare industry,” the five-star analyst noted. The analyst rates the stock a Buy along with an $18 price target, implying 37% upside. CHNG has a ‘Strong Buy’ analyst consensus and a $19 price target, indicating 42% upside potential. (See CHNG's price targets and analyst ratings on TipRanks) Fastly Inc. (FSLY)Fastly created an innovative edge cloud computing platform that includes a content delivery network, internet security services, load balancing and video and streaming services. At $14.85, some analysts argue this tech stock is undervalued. On August 8, the company reported a second quarter revenue gain of 34% year-over-year. However, its earnings loss was wider than analysts originally expected. Despite mixed earnings results, management stated that its new product offerings could drive a turnaround. FSLY launched 60 code-based solutions that will make it safer and faster for developers to discover, test, customize and deploy edge cloud solutions. SVP of Customer Solutions, Adam Denenberg added, “Our programmable edge has always been one of the capabilities that our customers love about our platform, so we made a commitment to make it easier for developers to use all the innovative solutions our customer base is building on our edge. Providing an easy way to use prebuilt solutions on our platform was just a logical evolution to allow our customers to innovate even faster, and this launch marks another phase in our drive to empower developers around the world.”Four-star Piper Jaffray analyst James Fish believes that FSLY’s low price represents a unique buying opportunity for investors. “We believe Fastly will benefit from strong, sustainable underlying market dynamics as well as the evolutionary shift towards edge workloads,” he said. On August 14, he initiated coverage with a Buy and set a $21 price target. The Piper Jaffray analyst thinks share prices could jump 41% over the next twelve months. Stifel Nicolaus analyst Brad Reback tells investors to block out the gross margin noise. “We are still believers in Fastly's ability to drive strong net new customer additions, long-term market opportunity and relatively attractive valuation,” he explained on August 9. Reback reiterated his Buy rating and $25 price target, implying 68% upside. The five-star analyst has a 65% success rate and gets an average return of 15% per rating. The Street also takes a bullish stance on Fastly. It has a ‘Strong Buy’ analyst consensus and a $25 average price target, suggesting 65% upside potential. (See FSTL's price targets and analyst ratings on TipRanks)
Bay Area unicorn tech companies stampeded toward the IPO gate this year, making a large number of founders billionaires — in some cases more than four times over. Seven founders of the 11 Bay Area tech companies that went public this year now hold stakes worth more than $1 billion, based on the founders’ holdings on the day of the IPO, as noted in their Securities and Exchange Commission filings, as well as closing stock prices on Monday. “The one difference from 10 years ago is many of them have already sold stock through secondaries while private, so they usually have taken care of the basics like buying a home by the time they go public,” said Andy Rachleff, co-founder and CEO of online financial advising firm Wealthfront.
Cloudera is in the Activist Spotlight, as Carl Icahn seeks to speak with the board and management about enhancing shareholder value and potentially seeking board representation.