48.70 0.00 (0.00%)
After hours: 5:35PM EDT
|Bid||45.65 x 1100|
|Ask||48.41 x 1200|
|Day's Range||45.56 - 48.78|
|52 Week Range||20.37 - 60.36|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||63.80|
Anaplan, Inc., CrowdStrike Holdings, Inc., Okta, Inc. - some of the most resilient technology stocks have recently slipped to a key level and are poised for a possible bounce. That's according to All Star Charts, which pointed out software is approaching oversold territory. "Most Technology subsectors like Cloud Computing, Cybersecurity, and Internet, have been […]
CFO of Anaplan Inc (30-Year Financial, Insider Trades) David H Jr Morton (insider trades) sold 115,076 shares of PLAN on 09/12/2019 at an average price of $48.3 a share. Continue reading...
Ahead of Anaplan’s (PLAN) second-quarter earnings release Tuesday morning, Wall Street's 1 analyst Richard Davis expected strong numbers, but also for the stock to respond negatively. And he was right. While quarterly revenue came in 46% higher than last year, and loss per share came in better than expected, Anaplan shares declined about 10% since the earnings release. However, the stock is still up about 90% year-to-date, and Davis believes there is more room for upside than downside from here. As a result, Davis maintains a Buy rating on Anaplan stock, while raising his price target to $65 (from $50), which implies over 20% upside from current levels. As always, we like to give credit where credit is due. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, Davis has delivered to his followers a yearly average return of 46.9% with a 85% success rate. Davis has earned an average return of about 100% when recommending PLAN and is ranked 1 out of 5,255 analysts. (To watch Davis' stocks list, click here)Davis calls his Anaplan preview “spot on,” as shares fell even as the company beat expectations. In his preview, the analyst cautioned investors that the “stock is coming into the print a bit hot,” making it “hard to judge the really short-term balance between obviously high expectations and what good results the firm is likely to deliver.” But even with the pullback, Davis advises investors to “ignore the fade and buy the stock because Anaplan has plenty of gas left in the tank.” He believes that the company is competing against “weaklings,” as its “primary competition is an Excel spreadsheet...or truly ancient systems now owned by legacy platform firms.” Though Davis believes Anaplan has a strong hold in its market, in his preview, he brought attention to Workday’s play into the space. He said the encroachment would cause some investors to “fret,” but maintained that the market is large enough for both companies to succeed in. After earnings, he reiterated this, saying it is “nonsensical to assume that connected planning will be a single vendor market – for either vendor.” Overall, and notwithstanding competition from Workday, Davis calls Anaplan a “top pick” as he believes the company is “likely to grow rapidly, but also beat forecasts.”All in all, the analyst community doesn’t see the recent stock decline as a major concern. TipRanks analysis of nine analyst ratings showing a consensus Moderate Buy rating, with six analysts rating Buy and three suggesting Hold. The average price target on the stock stands at $62, suggesting the stock has room to beef up, by 15% or so. (See PLAN's price targets and analyst ratings on TipRanks)
Anaplan's second-quarter earnings topped views as it reported a narrower-than-expected loss while revenue also exceeded targets. The Anaplan earnings news and guidance sent shares down.
Anaplan shares sank 6% on Tuesday even as the software company reported improved second-quarter results and raised its full-year guidance. The company's operating loss was $41.2 million, or 48.7% of total revenue, compared with $19.9 million, or 34.5% of total revenue, a year ago. Anaplan's loss per share was 12 cents in the second quarter of fiscal 2020, which was narrower than expectations of a loss of 16 cents.
SAN FRANCISCO-- -- Second Quarter Subscription Revenue up 48% Year-Over-Year Remaining Performance Obligation of $516 million, up 56% Year-Over-Year Dollar-Based Net Expansion of 121% Continues to Track Above 120% Anaplan, Inc. , a pioneer in Connected Planning, today announced financial results for its second quarter ended July 31, 2019. “We had another great quarter of outstanding growth and execution. ...
NEW YORK, NY / ACCESSWIRE / August 27, 2019 / Anaplan, Inc. (NYSE: PLAN ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 27, 2019 at 8:30 AM Eastern ...
Chairman and CEO of Anaplan Inc (30-Year Financial, Insider Trades) Frank Calderoni (insider trades) sold 49,526 shares of PLAN on 08/20/2019 at an average price of $57.77 a share. Continue reading...
(Bloomberg) -- WeWork’s IPO prospectus lacks the information needed to create a financial model of the company, according to an analyst who specializes in new listings.The We Co., which is expected to raise about $3.5 billion in what would be 2019’s second-biggest initial public offering, must have put in a great effort to conceal the unit economics underlying the coworking space provider, said Triton Research Inc. Chief Executive Officer Rett Wallace.“The prospectus is a masterpiece of obfuscation,” he said in an interview. “If the underlying facts were positive, why would a company go to so much trouble to prevent you from understanding them?”Using what it calls an obfuscation index as one component of its ratings, Triton has built a strong track record predicting the winners and losers among technology IPOs. Since January 2018, listings that won an above-average score from Triton have risen about 92% from their offering prices, nearly triple the return of those scoring below average.IPOs with the highest Triton scores include standouts Elastic NV, Smartsheet Inc. and Anaplan Inc., while post-listing duds such as Sonos Inc., Dropbox Inc. and Lyft Inc. rank among the low scorers.Triton sees high levels of obfuscation in WeWork’s filing. For example, the company stops counting sales and marketing expenses at a given location once it’s been open for two years -- but the spending doesn’t actually stop after that. Instead, it counts as an operating expense, Triton said.A representative for New York-based WeWork declined to comment.Opening DatesWeWork’s filing doesn’t disclose the dates of when its locations opened or when the spending at a given location will switch into the operating expense bucket, according to Wallace. Like some government agencies, WeWork labels some compensation as investments.“When you make it impossible for people to have data-driven conviction, then everything is just sentiment,” Wallace said. “Sentiment can come and go, especially in a volatile tape like this.”Read more: WeWork IPO May Polarize Wall Street Into Warring Camps, MKM SaysThe lack of disclosure becomes even more apparent when contrasted with other IPO filings that are more direct, he added.“When companies fight you on understanding the basic proposition of the mousetrap, it’s always bad. People who have good mouse traps say, ‘This is the thing: You put the cheese in, the trap is designed to never break your thumb, and it catches mice nine times out of ten.’”Read more: WeWork IPO Shows It’s the Most Magical Unicorn: Shira OvideTo contact the reporter on this story: Drew Singer in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Anaplan, Inc. (PLAN), a pioneer in Connected Planning, today announced it has been named a Leader in the Magic Quadrant for Cloud Financial Planning and Analysis Solutions by the world’s leading research and advisory company Gartner1 for the third consecutive year. Anaplan believes its recognition in the Leaders quadrant is because of its innovation, market understanding, high customer satisfaction, and the complex integrated financial planning (IFP)/modeling capabilities of its financial planning and analysis (FP&A) solution. Global enterprise customers including Autodesk, Chassis Brakes International and Unum leverage Anaplan to bring a Connected Planning approach to their FP&A processes.
Anaplan, Inc. will report results for its fiscal second quarter ended July 31, 2019 before the market opens on Tuesday, August 27, 2019.
Chairman and CEO of Anaplan Inc (30-Year Financial, Insider Trades) Frank Calderoni (insider trades) sold 51,404 shares of PLAN on 07/29/2019 at an average price of $57.91 a share. Continue reading...
During the past few weeks, Chinese electrical-vehicle manufacturer Nio (NYSE:NIO) has been in the fast lane. Nio stock up about 40% or so to $3.50. Yet the shares are still well off their highs. The stock was more than $10 in late February. Click to Enlarge Source: Shutterstock It's also important to keep in mind that the company is a recent IPO. Yet it certainly hasn't enjoyed the enthusiasm of many other operators like Zoom Video Communications (NASDAQ:ZM), Anaplan (NYSE:PLAN) and Pagerduty (NYSE:PD).But hey, IPOs can certainly make nice comebacks, right? So with Nio stock, might there be one brewing? Or should investors be skeptical?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy A Closer Look at NioWell, there are certainly some positives. Keep in mind that the sentiment for Nio stock had gotten to horrible levels. Thus a bounce back is reasonable. And there was probably short covering (this is when short sellers buy back shares to cover their positions). As of late June, about 15% of the float for Nio was shorted.But there were also some fundamental factors at work. Perhaps the most important was that the second quarter saw a pick-up in deliveries, which came to 3,553. This was above the company's quarterly guidance of 2,800 to 3,200 (albeit, this forecast was fairly conservative). In June, NIO also launched its ES6 five-seater premium SUV and the results were encouraging. Deliveries were 413.But despite all this, there are still some negative factors, and I think they could easily outweigh the positives. For example, Nio recalled more than 4,800 units of the ES8 (or close to 30% of the total deliveries for the company's history). The reason: There were three battery fires. Nio Recall WoesIt's encouraging that Nio has been proactive. Let's face it, the auto industry can be resistant to recognizing problems. Yet the recall is still something that points to quality issues, which is never a good thing for a premium vehicle. It also does not help that there are already general worries about EVs.In fact, the company's business model, which relies on the manufacturing of the vehicles from another company, could be an issue. That is, there could be more vulnerability to quality issues as Nio does not have as much control.But there is something else about the business model: It means that the margins are quite low. In other words, it could be tough for Nio to realize the benefits of the economies of scale as the company grows. And yes, this could be limiting for the stock price.It also does not help that Nio continues to burn money. During the latest quarter, the operating loss was a hefty $366 million. But the cash on hand is only about $1.12 billion and the debt load is $1.35 billion.In light of this, it would not be surprising to see another equity raise - and this would mean more dilution for the stock. Bottom Line on Nio StockEven though the Chinese government has been cutting back on subsidies, there still is considerable support to promote the EV industry. This is definitely good news for Nio stock.But then again, the company has to fight fierce competitors like BYD (OTCMKTS:BYDDF) and Beijing Electric Vehicle Co. Consider that there are nearly 486 registered EV manufactures in China! So it will be tough to stand out. It also does not help that the Chinese economy is slowing down, despite efforts to stimulate growth.All in all, there's quite a bit of risk with Nio, and it's probably best to hold off for now.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. 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 * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Nio Stock Isn't Cheap When You Factor in Competition and Recalls appeared first on InvestorPlace.
President and CEO of Anaplan Inc (NYSE:PLAN) Frank Calderoni sold 100,000 shares of PLAN on 06/28/2019 at an average price of $49.75 a share.
Shares of the the cloud-based company Anaplan continue to rise since going public in October of 2018. Goldman Sachs analyst Heather Bellini recently upgraded the stock from Neutral to Buy with a price target of $62.00. The CEO of Anaplan, Frank Calderoni joins Yahoo Finance to discuss the company's path to profitability and more.