33.00 0.00 (0.00%)
After hours: 7:22PM EDT
|Bid||32.81 x 1100|
|Ask||33.19 x 1800|
|Day's Range||32.82 - 34.60|
|52 Week Range||22.85 - 49.38|
|Beta (3Y Monthly)||2.22|
|PE Ratio (TTM)||16.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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On Wednesday, Benzinga Pro subscribers received two options alerts related to Momo. At 10:45 a.m., a trader sold 1,000 Momo put options at a $34 strike price that expire on Friday. This sale represented a $52,559 bullish bet on Momo.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
While Momo Inc. (NASDAQ:MOMO) shareholders are probably generally happy, the stock hasn't had particularly good run...
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by nearly 9 percentage points since the end of the third quarter of 2018 as investors worried over the possible ramifications of rising interest rates and escalation of the trade war with China. The hedge funds and institutional investors we track typically invest more […]
Mobile instant messaging app company Momo (MOMO) released first-quarter earnings Tuesday, as positive earnings sent shares up about 4% in trading Wednesday. The company reported revenue increased 35% since this time last year, while profit came in better than expected, at $0.62 per share. Among the most important revenue segments, its “value-add services,” grew 285%, which contributed to strong revenue growth while other segments slipped. On the release, Nomura analyst Jialong Shi maintains his Buy rating on MOMO stock, while slightly raising his price target from $47 to $49. If the price target is reached within 12 months, that would provide a 12-month return of nearly 75%. (To watch Shi's track record, click here)Momo’s strong growth was significantly higher than consensus at 4%, with Shi saying Tantan revenue growth remained “robust at 34% q-q to reach 8% of Momo’s revenue.” Furthermore, while EPS was down 10% since this time last year, it still came in 16% higher than Wall Street consensus. Looking ahead, Shi believes that “earnings will likely resume positive [year-over-year] growth from 2Q on margin expansions backed by leverage on marketing and R&D expenses.” Guidance for the second quarter calls for between 27-30% growth in revenue, with a midpoint higher than Wall Street estimates. While Momo faces increased regulation in China on its Tantan app, Shi says “the guidance beat suggests the recent regulations have had limited impact on Momo’s organic businesses, i.e., VAS (value-added services) and live broadcasting.” The analyst continues, believing “Momo app’s user engagement will be able to recover post 11 June, when the [regulation of its] timeline service is resumed.” Though Shi admits there is “no clarity as yet when Tantan’s operation can fully normalize,” the analyst believes regulators are “unlikely to inflict any further punishment” on the app with over 10 million daily active users. Yet, Shi says if he were to remove Tantan from his forecasts, the stock still “appears cheap enough to have factored in the regulatory uncertainties around Momo.” Overall, since the Chinese regulation against Tantan sent its stock down more than 20% in a one-month period, shares are still up about 10% for the year. But Shi says, “with cheap valuation, a healthy earnings growth (16% y-y for Momo Core in FY19F/20F) and macro defensive businesses…[Momo is an] attractive stock to own amidst current market volatility.” All in all, Momo stock has one of the best ratings by the Street. TipRanks reveals that Momo has a Strong Buy analyst consensus rating with 6 back-to-back buy ratings in the last three months. Meanwhile the average analyst price target of $44.42 suggests the stock still has upside potential of nearly 60% from the current share price for the next 12 months. (See MOMO's price targets and analyst ratings on TipRanks) More recent articles from Smarter Analyst: * Prime Day Is Great, But Analysts Are Most Looking to Amazon (AMZN) Earnings * What This Top Analyst Is Saying About Facebook (FB) Stock Ahead of Earnings * Hold Your Horses with Qualcomm (QCOM) Stock, Says Top Analyst * Will Nutanix (NTNX) Stock’s Slump End Soon?
Topping guidance and better-than-expected adjusted earnings help spare the China's social networking specialist from the stigma of decelerating growth and declining per-share profitability.
Shares of 'China's Tinder' surge on Tuesday following first-quarter earnings that beat analysts' forecasts amid a strong uptick in live video service revenue.