SHOP - Shopify Inc.

NYSE - NYSE Delayed Price. Currency in USD
727.77
-7.42 (-1.01%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close735.19
Open721.10
Bid725.01 x 900
Ask725.74 x 1000
Day's Range702.02 - 740.86
52 Week Range281.69 - 844.00
Volume2,453,742
Avg. Volume3,758,606
Market Cap86.917B
Beta (5Y Monthly)1.59
PE Ratio (TTM)N/A
EPS (TTM)-1.15
Earnings DateJul 30, 2020 - Aug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est729.16
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Bulls And Bears Of The Week: Gilead, Shopify, Tesla And More
    Benzinga

    Bulls And Bears Of The Week: Gilead, Shopify, Tesla And More

    * Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week's bullish calls included semiconductor and casino stocks. * Cruise and electric vehicle stocks were among the bearish calls.The Dow Jones industrials ended last week more than 6% higher while the S&P 500 saw almost a 5% gain. That was due in part to a shockingly strong employment report for May and despite mounting unrest nationwide focused on racial inequities, police brutality and the federal response to protests. The Nasdaq lagged the other main indexes, up a little more than 3% for the week.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls Shopify Inc (NYSE: SHOP) has been among the best-performing stocks but remains a long-term winner, according to Elizabeth Balboa's "Why Shopify -- And Not Zoom -- Is The Stock To Chase Right Now.""Why BofA Recommends Buying GPU Plays AMD and Nvidia" by Shanthi Rexaline makes the case that Advanced Micro Devices, Inc. (NASDAQ: AMD) stock is still attractive despite its recent run-up.In "'Long Lines And Packed Flights': Casino Stocks Rise Following Vegas Reopening," Wayne Duggan shares why MGM Resorts International (NYSE: MGM) and others are accelerating their reopening plans.Priya Nigam's "Gilead Analyst: Coronavirus Drug, Arcus Collaboration Make Biopharma A Buy" suggests that consensus estimates for Gilead Sciences, Inc. (NASDAQ: GILD) appear overly conservative.For additional bullish calls, also have a look at "History Suggests Record 50-Day Stock Market Rally May Be Just The Beginning" and "Cramer Says The Latest Rotation Trend Is Driven By 'Ravenous Consumers.'" Bears One key analyst sees trouble ahead for Tesla Inc (NASDAQ: TSLA). So says "Tesla's China, Europe Performance Suggests Quarter Will Be One Of Automaker's Weakest, Says Gordon Johnson" by Shanthi Rexaline.Tanzeel Akhtar's "Morgan Stanley Deboards From Cruise Lines, Bearish On Carnival, Norwegian And Royal Caribbean" looks at why Norwegian Cruise Line (NYSE: NCLH) and its peers have a long slog to recovery."Ex-Whole Foods Exec Says Grocery Stores Need To Prepare For Next Disruption" by Jayson Derrick discusses why the likes of Kroger Co (NYSE: KR) likely are unprepared for further disruption of the national food chain.In Priya Nigam's "DocuSign's COVID-19 Quarantine Benefits Could Last Longer, But Not Enough To Move BofA From Sidelines," see why upbeat DocuSign Inc (NASDAQ: DOCU) results were not good enough.Be sure to check out "Pro Investor Says Market Isn't Pricing In China Risks" and "5 Reasons The Value Stock Rally May Run Out Of Steam" for additional bearish calls.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Barron's Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More * Benzinga's Bulls And Bears Of The Week: Boeing, SmileDirectClub, Tesla And More * Benzinga's Bulls And Bears Of The Week: Ford, Gilead, Microsoft, Intel And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Amazon, Alibaba: These Two Online Giants Are Just Below Buy Points
    Investor's Business Daily

    Amazon, Alibaba: These Two Online Giants Are Just Below Buy Points

    E-commerce stocks to watch this week include Amazon and Alibaba, both near buy points. Shopify and some other players are consolidating after big runs.

  • Shopify COO To Cramer: 'Tech Industry Can Come Together'
    Benzinga

    Shopify COO To Cramer: 'Tech Industry Can Come Together'

    Shopify Inc's (NYSE: SHOP) core purpose 10 years ago was figuring out how to build a "beautiful, scalable" online store and today Shopify helps these same companies grow their business beyond theicore website, COO Harley Finkelstein said on CNBC's "Mad Money."Finkelstein On Leveraging Economies Of Scale Shopify's platform helped create hundreds of thousands of unique online stores, but if combined together into one, it would rank as the second-largest online U.S. retailer, Finkelstein said.This would give Shopify "incredible economies of scale" to go out and negotiate new tools and services for its members.Shopify Payments was among the first new services offered as an example, giving business owners the opportunity to offer credit card transactions at low rates, the executive said.After that, the company launched a small business loan initiative called Shopify Capital.Now the company is introducing Shopify Balance, an in-house business and banking account to better address a void left by banks that mostly underserved smaller businesses, he said.Shopify Balance 'Further Levels The Playing Field'Shopify Balance gives business owners immediate access to "critical money management tools" to better manage cash flow and have easier access to their cash, the COO said. "That's really our next merchant solution that we think further levels the playing field so that small businesses can compete because so many can't," Finkelstein said. Facebook Shops Shopify has been working with Facebook, Inc. (NASDAQ: FB) to help small businesses gain exposure to the social media platform "since the beginning" of Facebook's plans to enter the e-commerce space, the exec said. The relationship recently culminated in a new initiative called Facebook Shops that gives merchants the ability to create customizable stores specifically designed for Facebook and Instagram."The partnership really shows the tech industry can come together to help small businesses at a very critical time," Finkelstein said. "But that is one more place where small businesses can connect with consumers and they can make more sales."The stock was down 1.04% at $727.58 at the time of publication Friday.Related Links:Why Shopify -- And Not Zoom -- Is The Stock To Chase Right NowWells Fargo Downgrades Shopify, Says Strong Growth Largely Priced InPhoto courtesy of Shopify. See more from Benzinga * What We Know About Facebook Shops(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Shopify (SHOP) Up 1.7% Since Last Earnings Report: Can It Continue?
    Zacks

    Shopify (SHOP) Up 1.7% Since Last Earnings Report: Can It Continue?

    Shopify (SHOP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Shopify Could Pull Back From Here: Take Some Profits
    TheStreet.com

    Shopify Could Pull Back From Here: Take Some Profits

    For his second "Executive Decision" segment of Thursday night's Mad Money program, Jim Cramer spoke with Harley Finkelstein, COO of Shopify Inc. , the e-commerce platform for small business. Finkelstein said Shopify was created to level the playing field for all merchants and make it easy for anyone to set up shop online. Shopify recently partnered with Facebook Inc. , to create Shops, allowing merchants to sell their goods and connect with customers on both Facebook and Instagram.

  • 3 Top E-Commerce Stocks to Buy in June
    Motley Fool

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  • Inside Microsoft’s Mission to Go Carbon Negative
    Bloomberg

    Inside Microsoft’s Mission to Go Carbon Negative

    (Bloomberg) -- Over the past four years, Lucas Joppa, Microsoft Corp.’s 37-year-old chief environmental officer, has dislocated and broken one shoulder, separated the other one, broken his right wrist, and also broken his left thumb. In early May he was pretty sure his right thumb was broken, but his hand surgeon said it was a torn ligament. It’s not that he’s clumsy or reckless—he calculates that, given the amount of time he spends on a bike or skis, his “error rate” is about 0.08%—it’s just that he has a tendency not to look before he jumps.It’s this tolerance for risk—and falling—that makes him well-suited for the unprecedented task that lies ahead. In January, Microsoft pledged to be carbon negative (removing more carbon from the atmosphere than it emits) by 2030 and to spend $1 billion on a climate investment fund, much of it aimed at bolstering carbon-removal tech, a nascent field with lots of big ideas but only a handful of companies that are trying it. It was a statement of intent more than a concrete plan. Right now none of this is possible. Joppa and his colleagues are all too aware they can’t wait to act until everything is certain. The fund plans to announce its first investment later this year.“I jump a lot, and sometimes I fall. It’s going to happen. You have to be willing to accept the risk,” Joppa says. The trick, he adds, is skipping the jumps that could kill him if they go wrong. “I’m bringing that approach to everything.”To avert climate disaster, the United Nations Intergovernmental Panel on Climate Change (IPCC) projects overall global warming must be kept below 1.5C. It’s already at 1.16C. Even the previously unimaginable scenario we’re now living through—worldwide lockdowns to stop the Covid-19 pandemic—isn’t lowering the concentration of carbon dioxide in the atmosphere. Global warming hasn’t slowed, and Joppa and a lot of others say it probably won’t without the rapid adoption of carbon- sucking technology that barely exists.On a Thursday morning in April, Joppa logs on to his computer to address a videoconference of 16 people who will help determine how and whether Microsoft can meet one of the most ambitious carbon-reduction goals set by any company.“We’ve got a lot to do, not a lot of time to do it,” he tells the group.On the call are co-workers from his sustainability group, finance and business development officials who will consider investment opportunities, and experts in running Microsoft’s energy-guzzling global network of data centers. They’re joined by executives and climate scientists with Carbon Direct, a consulting company that will help Microsoft develop a 10-year plan for getting to carbon negative.Elizabeth Willmott, Microsoft’s carbon expert, lays out the company’s requirements to offset its emissions: It wants to buy access to a menu of carbon-removal techniques that include planting kelp forests and machines that draw carbon from the air and store it underground. It’s looking for options that are lasting and verifiable. Oh, and Joppa wants to do this on the cheap, paying companies $20 a ton, a fraction of what many of the options currently cost. It’s not because Microsoft doesn’t have the money for pricier options. Rather, one of its key goals is to force the innovation that enables prices to drop to a level others—without Microsoft’s $137.6 billion cash pile—can afford.“I often refer to our climate innovation fund as the self-awareness fund. We could just pay for this, but if you just use money to solve your problems, that represents an extreme lack of self-awareness to everybody else’s ability to do this,” Joppa tells the others on the call.Microsoft’s approach has won praise from climate scientists for its ambition. But the company also counts some of the worst emitters—oil and gas giants such as Chevron Corp. and Exxon Mobil Corp.—among its customers, selling them software and gear they use to increase oil and gas extractions. A May 19 Greenpeace report called out Microsoft and Amazon.com Inc. for “connections to some of the world’s dirtiest oil companies for the explicit purpose of getting more oil and gas out of the ground and onto the market faster and cheaper.”Microsoft is attempting to counter this incongruity with unproven removal ideas, says Nives Dolsak, a professor of sustainability science at the University of Washington. “Their strategy is, ‘We are banking on uncertain technology that will reduce carbon from the air, and if that works out, that allows us to put certain future additional carbon into the air,’ ” she says.Joppa has heard this criticism before. It’s the biggest complaint Microsoft gets on its climate strategy. Oil and gas companies need to be part of the climate and energy solution, he says. It doesn’t make sense to cut ties.As the company leaps headlong into its plan, among the many risks it must consider are the early and unproven technology and its high prices, Joppa says, as well as the rapid pace of climate change and the small window to arrest it. “We have got to go out and make some bets on technologies that don’t exist, on technologies that are too expensive, and on markets that aren’t mature enough,” he says. “They will never be cheap enough, they will never be scaled high enough, and they will never be mature enough unless a Microsoft comes in right now and starts pushing.”Joppa grew up in rural Wisconsin and met his wife, Jamie, in second grade. School bored him until he took a college course called Extinction of Species and then threw himself into studying ecology. After a Peace Corps stint in Malawi and a doctorate he earned in three years, he began work at Microsoft’s research arm, much to the horror of some colleagues. One professor told him, “Lucas, you could have been somebody!”During almost 11 years at Microsoft, Joppa has worked to apply computing power to the Earth’s challenges. He came up with AI for Earth in 2016, a program that grants software to companies working on environmental projects. When the company’s sustainability work became a part of Microsoft’s legal department and Joppa moved with it, his nature-themed tattoos peeking out of a T-shirt stood out among a sea of khaki and button-downs. But when Microsoft decided to name its first chief environmental officer in 2018, Joppa’s scientific background and ability to work with employees from various disciplines made him the obvious choice, says Microsoft President Brad Smith.Since 2012 the company has taxed its own business units for the carbon they emit and put the proceeds into buying carbon credits and running sustainability programs, making it one of the earlier companies to take such a step. Last spring it doubled its internal carbon tax and said it would lobby for national carbon-pricing policies.But customers kept asking Microsoft to do more, and employees were also pushing. In September rival Amazon pledged to be carbon neutral by 2040, and Microsoft felt pressure to step up its own commitment, Smith says. At a meeting in November, Joppa used dire projections from the IPCC as a way to create urgency for Microsoft Chief Executive Officer Satya Nadella and his executive team. The world can emit only 420 more gigatons of CO2 to have a 66% chance of avoiding catastrophic warming, Joppa explained, and at the current rate that’s only a decade away.He returned with instructions to come up with a bold proposal. Along with the finance department, the team worked frenetically over the holidays on the math behind going carbon negative. “It was one thing to have the goal. It was another thing to know whether we could achieve it,” Smith says. Chief Financial Officer Amy Hood committed $1 billion for an idea she’d had: the climate investment fund.Microsoft opted for an unprecedented pledge to clean up all direct and electrical emissions since its 1975 founding by 2050. Its promise to become carbon negative by 2030 includes not only direct emissions from its buildings, data centers, and fleet of campus vehicles, but also something called Scope 3 emissions. These are more indirect, harder to calculate, and far larger. It means taking responsibility for the energy that gamers use when they play Xbox video games, for example. Microsoft doesn’t count oil and gas customers’ use of its software for drilling and exploration in Scope 3.The staff who handle Microsoft’s purchases from suppliers are working on standards for those companies to measure what they emit and planning to add incentives to spur them to do better. Microsoft also plans to work with customers on how they can be greener, which includes helping oil and gas customers with clean energy programs, Joppa says.In the past couple of years, more than 40 tech companies have set targets for limiting emissions, but Microsoft’s plans to be carbon negative by 2030 and wipe out historical emissions are the most aggressive. There are only a handful of businesses that have said they’ll be carbon negative within 10 years, including furniture maker Ikea and tax software provider Intuit Inc. Panasonic Corp. says it will be carbon negative by 2050. Payments startup Stripe Inc. has begun spending $1 million a year funding negative-emissions projects.Microsoft’s investment fund is also unusual, but its goals are similar to those of a fund led by co-founder Bill Gates, who remains an adviser to the company and has met with Joppa and other Microsoft executives to share ideas. Gates is chairman of Breakthrough Energy Ventures, a $1 billion fund with investors such as Amazon founder Jeff Bezos, Virgin Group boss Richard Branson, and Michael Bloomberg, founder and majority owner of Bloomberg LP, which owns Bloomberg Green. There are ongoing conversations between Microsoft and the fund about possible partnerships on investments, says Jonah Goldman, managing director at Gates Ventures, a private investment office for Gates. Both entities share an understanding that carbon removal is a different type of investment, and it’s important to have companies like Microsoft backing technology that isn’t an obvious short-term moneymaker.After an event in January to announce their big plans, Joppa and his team celebrated with a carbon-themed playlist featuring Billy Joel’s We Didn’t Start the Fire and Heat Wave by Martha Reeves and the Vandellas, then got to work figuring out how to make the promises a reality.Joppa has been reading a book on the Apollo mission to put a man on the moon, and he told his wife how jealous it made him. “They had this pure thing that brought business and science and research and engineering all together, and you could just focus on it obsessively,” he says. Jamie answered: “What are you talking about? That’s what you have to do.”On the banks of Howe Sound in British Columbia, a fan the size of a delivery truck slurps carbon out of the atmosphere. It’s part of a factory run by a company called Carbon Engineering, and it’s considered one of the most promising in the field of “direct air capture,” the segment of the carbon-capture industry that sounds the most like science fiction. Gates was an early investor in the company. Basically fans, or “injectors,” connect the air with chemicals that bond with the carbon and remove it. Right now it’s highly inefficient and expensive, with prices anywhere from $250 to $1,000 a ton. Microsoft is banking on the price going down and volume going up.Another direct-air-capture startup, Climeworks AG, has its massive fans set up in Zurich, where the captured CO2 is used to grow plants in a greenhouse. Climeworks operates three plants, but they’re only removing hundreds of tons in a year. The industry is young. In fact, the three leading companies together can’t pull 1 million tons of carbon out of the air a year, while data centers of the kind Microsoft and Amazon operate are estimated to produce more than 300 times that.“Direct air capture is like the Saturn V rocket for the moonshot,” Smith says. “If someone can perfect that, it’s going to just change the equation.” Another carbon-removal technique is bioenergy with carbon capture and storage, or BECCS, which is basically growing plants to absorb carbon and then burning that biomass for power and sequestering the resulting emissions underground. The U.K.’s biggest power plant, in North Yorkshire, has a pilot project using the technology. It’s the first working example of BECCS, and it captures less than 1 ton of carbon dioxide a day.When it comes to machines that successfully remove carbon from the atmosphere today, that’s about it.By Microsoft’s account of its emissions, it needs to buy credits to remove about 2 million tons of CO2 next year—and 6 million by 2030, even though new emissions will be cut by more than half by then. There are other large companies interested in buying credits to offset their carbon sins, too. But there will not be enough carbon-removal tech credits for everyone to offset their emissions. In the near term, Microsoft plans to buy more natural carbon credits that go toward things such as planting trees before switching to tech. In July, Microsoft will begin to solicit bids for its carbon-removal business. Its interest, along with that of Stripe, Shopify Inc., and others, should help fuel investment in new projects, says Deepika Nagabhushan, program director for decarbonized fossil energy at the Clean Air Task Force, which is tracking some 26 potential carbon-capture projects. But it won’t make a difference overnight. “Even if Microsoft announces today that they are going to buy [a certain] number of credits from a direct-air-capture project, it’s going to take a couple of years for a project to even develop.”On Joppa’s conference call, the team from Carbon Direct reminds Microsoft that the low price will make their short-term goals harder. Julio Friedmann, Carbon Direct’s chief scientist, notes most of the available projects in BECCS and direct air capture cost many times Microsoft’s $20-a-ton budget. And other companies need to offer investment funds like Microsoft’s. “You can do a lot with a billion, but you cannot create a gigaton-scale industry with a billion dollars, no matter how smart and savvy the investments are,” Friedmann, who’s also a researcher at the Center on Global Energy Policy at Columbia University, says in an interview.The price is also lower than many experts have modeled for the economic damage each ton of carbon is likely to cause.But Joppa wants to use Microsoft’s purchasing power and its investments to push the price down to a level other buyers can afford. If carbon-capture tech is something only the Microsofts of the world can afford, he worries that the world will fail to contain warming. “Markets work because we make them work,” he says. They work because people put in positive incentives and help juice supply and demand. “You don’t just wish it to be so, and it happens.”Microsoft expects to make mistakes both in investments and carbon-removal choices. Willmott, the carbon expert of the group, says the company wants to be transparent about its successes and failures so others can learn from them.The coronavirus-induced shutdown has made Joppa more certain that radical action is needed quickly. CO2 emissions are down—about 8% of the estimated total for the year will never be emitted, according to the International Energy Agency. Although that’s not enough to make a dent in overall warming, the slowdown has led to cleaner air and clearer skies, and confinement has made the outdoors a welcome respite.“I hope there’s something lasting about it,” he says. “We’ve given people now an experience with a healthier planet, and I hope that’s going to be hard to take away.”There’s another risk in this whole project, of course—that time runs out. Is this plan achievable in the time we have? “It better be,” Joppa says. “I’m existentially worried about the cost of failure.” —With Emily Chasan, Leslie Kaufman, and Akshat Rathi For 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.

  • Barrons.com

    Zoom Shares Rally After an Explosive Quarter. Analysts Struggle to Catch Up.

    “You’d have to go back to the heart of the dot-com boom to see a company beat and raise by as much as Zoom did on Tuesday,” one analyst says.

  • Bloomberg

    Zoom's Boom Pokes Holes in the Big-Tech 'Borg' Narrative

    (Bloomberg Opinion) -- One of the most feared antagonists in the “Star Trek” universe is the seemingly unstoppable alien species called the Borg. These cybernetic aliens travel the galaxy, conquering and assimilating everything in their path while greeting each new victim with the catch-phrase, “Resistance is futile.”In many ways, the prevailing narrative around Big Tech is similar to this sci-fi series villain story line. Pundits often cite how the technology giants’ vast financial resources and R&D budgets will lead to an inexorable march to control more and more of the economy. And sure, on the surface it makes sense. Apple Inc. and Google-parent Alphabet Inc. sport net cash balances of roughly $100 billion each and dominate their respective markets, generating vast profit streams from smartphones to search engines. Together with Facebook Inc., Netflix Inc. and Microsoft Corp., these behemoths also reign over the stock market with their ballooning valuations. How can any smaller company hope to compete against such power in the current difficult environment?The reality paints a much less daunting picture. It turns out that the Covid-19 era has led to an explosion of innovation and rapid growth for dozens of smaller technology companies. Many of these upstarts — from video-conferencing software maker Zoom Video Communications Inc. to cloud-computing firm Datadog Inc. — are emphatically winning even as the tech giants try to squash them. And they’re doing it in many cases by simply making a better product and having a laser focus on it. There’s a flaw in the concept that Big Tech can easily expand into new markets by leveraging the power of their core businesses. The reason is all companies – big or small – have finite top-tier engineering talent. And of course, companies tend to put their best people on their most important profit-making segments, versus any peripheral new markets, opening the door for the upstart specialists to thrive.Earlier this year, I wrote how  corporations were flocking to software vendors such as Zoom for solutions on how to get the job done at a time when their employees were forced to work from home amid lockdown restrictions. Since then, Big Tech has taken particular aim at the software company as they sought to push their own video-conferencing tools. Last month, Google added a large, blue-colored “Add Google Meet video conferencing” button any time a Google Calendar user tries to add an appointment, while its Gmail accounts with its billion-plus user base also conspicuously have Google Meet in the lower left corner at all times. Microsoft, meantime, has sought to capitalize on early security concerns with Zoom to promote its Teams product. Despite the aggressive moves, you couldn’t see any negative impact in Zoom’s results. Late Tuesday, the upstart posted April-quarter sales results that crushed Wall Street estimates. The company posted first-quarter revenue of $328 million, up 169% from a year earlier, versus the $203 million Bloomberg consensus. It also projected a sales range of $495 million to  $500 million for the current quarter, more than double the $222 million analyst estimate. Zoom shares climbed 5% on Wednesday, adding to year-to-date gains that already topped 200%.That’s just Zoom. There are plethora of cloud software names — including monitoring analytics provider Datadog and user authentication company Okta, Inc. — that are also seeing surging demand for their services and the soaring stock prices to match. These companies are building out comprehensive offerings and stronger leadership positions in their respective categories that will be harder to displace as they grow in stature. And it’s still early innings on the growth curve for many of these firms. The move to cloud-computing is a seminal paradigm shift similar in scope to the transition to mobile smartphones nearly a decade ago. Gartner said the world-wide enterprise technology market was $3.7 trillion last  year. Even if the economy contracts, it will be a large market, with lots of room for fast-growing companies to make meaningful share gains as spending shifts toward new technologies. “The trends of digital transformation and cloud migration remain very much intact over the long term and may even be accelerated or amplified,” Datadog CEO Olivier Pomel said during his May earning call with investors. Another recent example of Big Tech’s failure is Amazon.com Inc.’s foray into gaming. After years of development, the e-commerce giant released its first big-budget video game “Crucible” last month to much fanfare, even advertising the title on the front page of its website. It was meant to be the Amazon’s beachhead into the large attractive gaming market. It didn’t go well. To illustrate,  just a couple weeks after its launch “Crucible” has precipitously fallen in the Twitch charts, a key indicator of gamer engagement, to roughly 100 viewers or barely in the top 500 titles. It turned out to be a complete flop, even as Epic Games Inc.’s Fortnite remains a fan favorite.Despite the worries over Big Tech’s growing dominance, the flip side may actually be the bigger risk. Last month, I wrote how other retailers appear to be taking advantage of Amazon’s service troubles to make incursions, which has allowed them to grow their e-commerce businesses at triple-digit rates. In social media, the short-video platform TikTok has also surged in popularity. Last week, Bloomberg News reported TikTok’s parent ByteDance Ltd.’s revenue for last year more than doubled to more than $17 billion from $7.4 billion in 2018, a level of sales nearly triple that of Twitter Inc. and Snap Inc. combined. Incredibly, if TikTok continues it current growth trajectory, it has the potential to surpass some of Facebook’s key platforms within a few years. And speaking of Facebook, its latest big push into e-commerce space, Facebook Shops, relies in great deal on a partnership with online-store software maker Shopify Inc. and its extensive array of commerce tools for small businesses.History shows the tech industry’s reputation for disruption is unmatched. And if it is any guide, investors  shouldn’t overlook or underestimate the industry’s up-and-comers, even in — or should I say especially in — times like these. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Benzinga

    P/E Ratio Insights for Shopify

    In the current market session, Shopify Inc. (NYSE: SHOP) is trading at $770.00, after a 1.2% decrease. However, over the past month, the stock spiked by 5.06%, and in the past year, by 159.43%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 8.77%.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 45.13 in the application software industry, Shopify Inc. has a lower P/E ratio of 0.0. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Friday * Stocks That Hit 52-Week Highs On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • These 7 E-Commerce Stocks Could Fund My Retirement
    Motley Fool

    These 7 E-Commerce Stocks Could Fund My Retirement

    We've come a long way since Amazon.com sold its first book over the internet almost 26 years ago. Today, you can order just about anything online, from an expensive flat panel television to a lump of coal (yes really, I've done it).

  • Why Shopify Stock Jumped 19.9% in May
    Motley Fool

    Why Shopify Stock Jumped 19.9% in May

    Shares of Shopify (NYSE: SHOP) climbed 19.9% in May, according to data from S&P Global Market Intelligence. Shopify's subscription solutions revenue rose 34% year over year to reach $187.6 million last quarter, and its merchant solutions revenue climbed 57% year over year to reach $282.4 million. The e-commerce services provider announced Shopify Balance (a suite of software products for merchants to monitor finances and orchestrate transactions, enable advantage of faster in-store spending, and take advantage of a new rewards program) and Shopify Installments -- a new service allowing for installment payments on the platform.

  • Bear of the Day: Ulta Beauty (ULTA)
    Zacks

    Bear of the Day: Ulta Beauty (ULTA)

    Bear of the Day: Ulta Beauty (ULTA)

  • Thomson Reuters StreetEvents

    Edited Transcript of SHOP earnings conference call or presentation 6-May-20 12:30pm GMT

    Q1 2020 Shopify Inc Earnings Call

  • Where Will Shopify Be in 1 Year?
    Motley Fool

    Where Will Shopify Be in 1 Year?

    However 2020 shapes up, the company's momentum could be unstoppable in a post-coronavirus economy.

  • Hedge Funds Aren’t Done Buying Shopify Inc (SHOP)
    Insider Monkey

    Hedge Funds Aren’t Done Buying Shopify Inc (SHOP)

    In this article we will take a look at whether hedge funds think Shopify Inc (NYSE:SHOP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]

  • $10,000 Invested in These 5 Top Stocks Could Make You a Fortune in 10 Years
    Motley Fool

    $10,000 Invested in These 5 Top Stocks Could Make You a Fortune in 10 Years

    Even though the market has rebounded from the lows it hit earlier this year, there are still great long-term opportunities for investors who know where to look.

  • This Is How Mark Zuckerberg And Other Tech CEOs Stay In Power
    Investor's Business Daily

    This Is How Mark Zuckerberg And Other Tech CEOs Stay In Power

    High-tech companies continue to forge ahead with initial public offerings that give their chief executives company shares with super-voting power, despite criticism of the practice.

  • Kroger: Capital Preservation and More at a Good Price
    GuruFocus.com

    Kroger: Capital Preservation and More at a Good Price

    The supermarket giant thinks it can deliver 8% to 11% total returns in coming years Continue reading...

  • This FANG Stock Is Leading The Internet Boom — Kevin O'Leary Says This Is How To Capture Gains
    Investor's Business Daily

    This FANG Stock Is Leading The Internet Boom — Kevin O'Leary Says This Is How To Capture Gains

    Kevin O’Leary and Connor O’Brien of O’Shares ETFs discuss the post-coronavirus e-commerce boom and how Shopify and Amazon stock are big beneficiaries.

  • You Should Consider Buying These 3 Companies That Entrepreneurs Depend On Everyday
    Motley Fool

    You Should Consider Buying These 3 Companies That Entrepreneurs Depend On Everyday

    This trio of companies is helping millions build thriving businesses, even during the worst of times.

  • I'm Betting My Retirement on These 10 Stocks
    Motley Fool

    I'm Betting My Retirement on These 10 Stocks

    Aside from our house, all the money my wife and I have saved over the last 30-plus years is invested in stocks. At 53 years young, we hold a concentrated investment portfolio that will fund our eventual retirement.

  • 3 Stocks Poised For Huge Growth Over the Next Decade
    Motley Fool

    3 Stocks Poised For Huge Growth Over the Next Decade

    Teladoc and these two e-commerce leaders are well-positioned to turn in serious returns during the years to come.

  • Shopify Announces Results of its 2020 Annual Meeting of Shareholders
    Business Wire

    Shopify Announces Results of its 2020 Annual Meeting of Shareholders

    Shopify Inc. (NYSE:SHOP)(TSX:SHOP) ("Shopify" or the "Company"), a leading global commerce company, today announced the results from its Annual Meeting of Shareholders (the "Meeting") which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors as further described in the Company’s management information circular dated April 16, 2020 (the "Circular"). Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Circular.

  • Software Growth Stocks, Work-From-Home Plays Fall As States Reopen
    Investor's Business Daily

    Software Growth Stocks, Work-From-Home Plays Fall As States Reopen

    Shopify, Zoom Video, ServiceNow and other software growth stocks fell on Wednesday as the coronavirus lockdown eased and investors took profits on work-from-home and e-commerce plays.