|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.89 - 8.35|
|52 Week Range||7.65 - 12.04|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||8.32|
|Forward Dividend & Yield||0.04 (0.48%)|
|Ex-Dividend Date||Dec 26, 2019|
|1y Target Est||N/A|
Holiday shoppers spent a record breaking $7.4 billion during this year’s online Black Friday event. Meanwhile in-store Brick-and-Mortrar’s Black Friday sales suffered 6.2% this year. President of Rakuten Kristen Gall joins The Final Round to talk about consumer spending habits and the pull back on in-store shopping this holiday season.
(Bloomberg) -- Japan’s Fair Trade Commission asked a Tokyo court to delay Rakuten Inc.’s plan to begin offering free shipping on March 18, citing concerns about how the initiative would affect commerce in the country.The JFTC, which oversees business practices in Japan, made the announcement saying that Rakuten’s free shipping plans could unfairly disadvantage some of the sellers on the platform. The agency is still investigating their full impact on the market.The Japanese e-commerce giant has been struggling against Amazon.com Inc. after helping to pioneer online shopping in the country. Rakuten said this month that the JFTC had started a probe into its free shipping plans and requested the company’s voluntary cooperation. Rakuten said at the time it believed its free shipping program is in accordance with antitrust law and would maintain its scheduled mid-March start.Chief Executive Officer Hiroshi Mikitani tweeted about a month ago that free shipping would debut as planned next month.Separately, Rakuten is expected to unveil pricing plans next week for a wireless network it has been building in Japan, making it the fourth competitor in a market against NTT Docomo Inc., KDDI Corp. and SoftBank Corp.Read more: SoftBank Faces Pressure If Rakuten Embraces Unlimited Data PlansTo contact the reporters on this story: Pavel Alpeyev in Tokyo at firstname.lastname@example.org;Go Onomitsu in Tokyo at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Peter Elstrom, Vlad SavovFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
For the first time, brands, advertisers and agencies can now harness Rakuten's far-reaching media properties, consumer insights and award-winning performance marketing ecosystem with today's launch of Rakuten Advertising.
Japanese antitrust officials raided the offices of e-commerce company Rakuten Inc on Monday after complaints from online merchants about the company's free shipping policies, prompting its shares to briefly fall by as much as 3%. A Rakuten spokeswoman confirmed the raid and said the company was cooperating with the investigation. Companies selling their products on Rakuten have complained that the e-commerce giant was abusing its dominant position and putting pressure on them to shoulder shipping costs.
Moody's Investors Service, ("Moody's") affirmed Recorded Books, Inc ("RBmedia") Corporate Family Rating (CFR) at B3 and upgraded the Probability of Default Rating (PDR) to B3-PD, from Caa1-PD in conjunction with announced acquisition of OverDrive, Inc. by KKR from Rakuten and its contemplated combination with RBdigital, which will be managed under the same organizational parent entity as RBmedia and audiobooks.com. The acquisition of OverDrive will be financed through a planned incremental first lien term loan debt raise of $350 million and equity contribution by the sponsor. Moody's affirms the B3 rating on the upsized $681 million first lien senior secured term loan, and the $70 million committed pari-passu revolving credit facility, which will be upsized from $30 million.
Stephen Curry announced he is bringing his Underrated Tour Powered by Rakuten back for a second year, this time across U.S. cardinal points: Kicking off with Chicago in the North (February 22nd-23rd), Dallas in the South (March 7th-8th), Washington, D.C. out East (March 14th-15th), Los Angeles out West (March 21st-22nd), with a championship close-out in the Bay Area (April 3rd-5th). Link to Register: https://www.underratedtour.com/
For a boring company like Cisco Systems (NASDAQ:CSCO), it enjoyed a solid performance in 2019. Last year, Cisco stock returned nearly 17% for stakeholders. Granted, it's not an earth-shattering figure. As a telecommunications equipment specialist, Cisco isn't exactly a sexy organization. However, it's a name you may want to keep in the backburner.Source: Anucha Cheechang / Shutterstock.com Before I get into the bullish argument for Cisco stock, let me acknowledge the reservations many investors have. To start off, some folks are skeptical of the underlying company's growth narrative. As an example, Cisco generated top-line sales of $13.2 billion in the most recent quarter ending Oct. 31, 2019. That represented only a modest 0.7% lift from the year-ago quarter.Now, no one is suggesting that Cisco stock is a growth monster. But without an overriding catalyst, it's hard to get the markets excited about the networking giant. That's probably one of the reasons that led to the rather choppy trading in shares last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBack in mid-July 2019, Cisco was up 40% for the year. But quickly thereafter, shares tumbled. The volatility continued when management reported its results for its fiscal fourth quarter of 2019. Although the company beat on both the top and bottom lines, it disclosed disappointing guidance for fiscal Q1 2020. * 10 Cheap Stocks Under $10 to Buy for 2016 With the see-sawing price action of Cisco stock, several investors elected to stay on the sidelines. While it's difficult to imagine a blue-chip powerhouse like Cisco tanking completely, market gains have been hard to come by. In other words, better alternative investments existed in this space and others.Be that as it may, the broader 5G rollout provides a distinctly lucrative opportunity for the telecom-equipment provider. Cisco Stock May Own the Keys to 5GAsk a random person on the street what 5G means and you'll probably get the answer of faster wireless speeds. While that's certainly a major component of this next-generation telecommunications technology, not too many people may appreciate the complex path toward structural realization.Put another way, 5G isn't just a switch that telecoms pull - voila! Faster wireless speeds! Instead, it's a multifaceted journey with myriad cogs that must work in sync to realize its true potential. Here, Cisco provides a critical pathway to enabling both mobile carriers and customers the full benefits of 5G. Thus, Cisco's general manager of service provider networking, Jonathan Davidson, boldly claimed that the company "is the most important 5G vendor in the world."One area where Cisco is undoubtedly crucial is in the 5G backhaul. Essentially, a backhaul in telecommunications is the intermediary link between a core network and the group of localized subnetworks standing at the main network's edge.Currently, the challenge for the telecom industry is that today's backhaul is geared toward past technology. Davidson bluntly stated that much of the present backhaul in the U.S. is operating as "a really low capacity network."Long story short, without an upgraded backhaul, the 5G rollout will hit a technical backlog.But it's not just the backhaul narrative that bolsters the case for Cisco stock. The underlying organization also aims to help mobile carriers upgrade their core networks to fully advantage 5G's potential. To that end, Cisco has gained substantial credibility by partnering with Japanese firm Rakuten (OTCMKTS:RKUNY) to build out its 5G network, along with its virtualized telco cloud.It's quite possible that the markets aren't pricing in the longer-term implications for Cisco's 5G opportunities. Therefore, you can get in before the bullish wave hits. Boring Is Good, Especially Right NowEven with Cisco's 5G thesis, the company's boring reputation will be hard to shake. Still, I think this is actually a benefit, especially in the current market environment.Let's face it: with the broader bull market heading toward its eleventh year, it's on the edge of wearing out its welcome. If history is any guide, you'd expect a wider-scale correction in the next year or two.If so, the exciting names are probably the most vulnerable to steep losses. That doesn't fit Cisco stock at all. Here, you have an investment supported by a stable balance sheet, strongly positive cash flow and a dividend. While these attributes won't prevent spilling red ink, any volatility will at least be mitigated.Therefore, from both a strategic and tactical perspective, Cisco stock just makes sense.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post For Cisco Stock, Stability Is the New Sexy appeared first on InvestorPlace.
Japanese online retailer Rakuten <4755.T> and Walmart's Seiyu said they plan to open a new logistics site in Yokohama later this year to deal with growing sales from their joint online supermarket business. Rakuten Seiyu Netsuper's sales between late October through the end of December rose 30% from a year earlier, the companies said in a joint statement on Thursday. Internet grocery shopping has been slow to take off in Japan, where consumers are accustomed to shopping daily for fresh produce.
Rakuten Marketing today announced that Purple, a growing direct-to-consumer comfort product company, has selected Rakuten Marketing to drive its affiliate marketing strategy across the customer journey. Rakuten Marketing's unique offering will allow the team at Purple to focus on the company's rapid growth opportunity, while experts at Rakuten Marketing help develop Purple's affiliate marketing program to best meet its business goals.
Japan is a market that has been out of favor but has many fine companies at the heart of Asian growth trading at dirt-cheap valuations, observes Carl Delfeld, editor of Cabot Global Stocks Explorer.
Private-equity firm KKR & Co. announced it has agreed to acquire Overdrive, which helps libraries and schools deliver digital content to users, from Rakuten.
Private-equity firm KKR & Co. Inc. announced Tuesday afternoon that it has agreed to acquire Overdrive, which helps libraries and schools deliver digital content to users, from Rakuten Inc. . The two sides did not provide a price tag for the Ohio-based property, which Rakuten purchased for $410 million in 2015 , but Rakuten said it would recognize about $365.6 million in profit from the sale in the first quarter of 2020. KKR said that Overdrive serves 43,000 libraries and schools in 75 countries, and that it will use money from the KKR Americas XII Fund for the investment. "OverDrive provides digital tools and services to libraries and schools so that they can lend the widest variety of digital books, audiobooks, and other materials, while at the same time respecting and compensating authors and publishers through the widest range of access models," KKR Member Richard Sarnoff said in Tuesday's announcement.
Rakuten, Inc. has joined forces with SC30, Inc. and Limitless Creative Company on The Rising, a short documentary film on the explosive growth of basketball in Japan, capturing the intersection of the international sport with homegrown Japanese culture.
Japan has emerged as a key international focus for the NBA, with subscriptions for its live viewing platform in the country up 30%, according to Deputy Commissioner and Chief Operating Officer Mark Tatum.
LOS ANGELES, Nov. 21, 2019 /PRNewswire/ -- Education technology leader Age of Learning today announced a major partnership with Rakuten, Inc., to bring ABCmouse English Learning Academy to families in Japan. Launching today and exclusively available through Rakuten, the new ABCmouse app provides a highly engaging digital program for children ages 3–8 to learn English, a top priority for Japanese parents and educators.
Rakuten Inc's quarterly operating profit was almost wiped out in the three months ended September as investment in its e-commerce and mobile units weighed on profits, with the value of its bet on ride-hailing firm Lyft also sliding further. Rakuten's billionaire founder and Chief Executive Hiroshi Mikitani is under pressure on multiple fronts as a slide in his tech bets compounds pain from squeezed margins at the firm's e-commerce business and a delay to its mobile market entry. The Japanese firm booked a 103 billion yen ($945 million) writedown on its 11% stake in Lyft Inc, as bets on the ride-hailing industry by Rakuten and its rival SoftBank Group Corp, the largest shareholder in Uber Technologies, sour amid a market sell-off of money-losing startups.
Japan's Rakuten Inc said on Tuesday it expects to take a 103 billion yen ($947 million) loss in the latest quarter on its investment in U.S. ride-hailing firm Lyft Inc. The e-retailer, whose billionaire founder and Chief Executive Hiroshi Mikitani has a seat on Lyft's board, recorded the charge because Lyft shares had "fallen significantly" over the July-September period, it said in a statement to the Tokyo Stock Exchange. Rakuten, the biggest shareholder in Lyft with a stake of more than 11%, is scheduled to announce financial results on Thursday.
WeWork's Japan unit can become profitable "in the near future", the Japanese partner of the U.S. office-space sharing startup said on Tuesday, amid investor scepticism over its path to profitability. WeWork Japan, a joint venture between the U.S. startup, telco SoftBank Corp and its parent SoftBank Group Corp , is growing well with high occupancy rates, SoftBank Corp's CEO Ken Miyauchi said.
WeWork's Japan unit can become profitable "in the near future", the Japanese partner of the U.S. office-space sharing startup said on Tuesday, amid investor scepticism over its path to profitability. WeWork Japan, a joint venture between the U.S. startup, telco SoftBank Corp and its parent SoftBank Group Corp , is growing well with high occupancy rates, SoftBank Corp's CEO Ken Miyauchi said. SoftBank was forced to rescue WeWork last month following a flopped IPO attempt.
Japanese internet firm Rakuten said on Friday it was pushing back the commercial launch of its mobile service, a setback to billionaire founder and chief executive Hiroshi Mikitani's ambitions to shake up the country's telcoms market. Shares in Rakuten dropped 7% after media reports pre-empted official news of the delayed service, which is being closely watched by analysts who say the technology, if successful, could lower barriers for new entrants in other markets. Rakuten will offer free mobile services to 5,000 customers from next month, a decision made to ensure the stability of the network, Mikitani said.
With markets a bit on edge as U.S.-China tensions rise, it makes sense to move to a high-quality, conservative play that is in an uptrend with plenty of upside potential, suggests international investing expert Carl Delfeld, editor of Cabot Global Stocks Explorer.