|Bid||45.85 x 900|
|Ask||45.82 x 1200|
|Day's Range||44.63 - 46.60|
|52 Week Range||20.34 - 49.04|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Stock futures rose despite initial talks failing to reach a deal to avoid tariffs on Mexican goods. Stitch Fix, Cloudera, MongoDB moved on earnings.
Smartsheet (SMAR) delivered earnings and revenue surprises of 33.33% and 2.99%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
Smartsheet's (SMAR) first-quarter fiscal 2020 results are likely to benefit from its significant investments in products and marketing strategies.
The companies on this list are a mix of public and private, and had revenue between $25 million and $1 billion in 2018. Together, they brought in $16.6 billion in revenue last year and employed more than 15,250 in the state and nearly 47,000 globally.
Smartsheet (SMAR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What companies will join the list of top software IPOs over the next several years? One analyst touts Coupa, Okta and Smartsheet as contenders. But will Zoom stock make the list?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
The university initiated a position in Smartsheet and bulked up on DocuSign in the first quarter. Yale also slashed positions in JBG Smith stock and the Vanguard FTSE Emerging Markets ETF.
The stock market is rallying to record levels right now. In fact the S&P 500 has now enjoyed its best start to the year in 32 years. That's quite an achievement. But for investors, it can mean that it's becoming increasingly challenging to find stocks that are still trading at attractive levels. Here we used the TipRanks Stock Screener to find stellar stocks that still offer plenty of upside potential ahead. That's by filtering for stocks that fit the following criteria: a 'Strong Buy' analyst consensus, upside potential of over 10% based on the average analyst price target, and a very high Smart Score. If you haven't seen it already, the Smart Score pulls together 8 data sets to create a powerful rating that unites all of TipRanks' unique stock insights. Let's see how this applies with these four top stock picks below: 1\. Valero Energy CorpTexas-based Valero Energy (VLO – Research Report) is the largest independent refiner in the world, with 14 refineries and total crude throughput capacity of nearly 2.4 million barrels per day. And as the Smart Score shows, VLO scores highly on multiple datapoints. These include a bullish outlook from analysts, bloggers and hedge funds, as well as positive news sentiment. That gives VLO the highest-possible Smart Score of '10'.Most notably, the company has 100% Street support right now, with RBC Capital’s Brad Heffern reiterating his buy rating on April 25. “1Q19 EPS of $0.34 was a strong result given the worst macro environment in several years, and was made more impressive by the fact that VLO is a merchant refiner” cheers the analyst.View VLO Price Target & Analyst Rating DetailIndeed, the 1Q19 refining macro environment was one of the roughest in memory, with VLO's blended indicator at its second-lowest level going back to 2012. “We are happy to move on from this quarter, as the macro has improved significantly… but it is reassuring to see VLO can still put up positive earnings in a very weak environment” writes Heffern.And even though Valero disappointed with only $36 million of share buybacks in the quarter, it should now to return to its traditionally strong capital return program. RNC, for example, is estimating that the company will return $330 million to shareholders in 2Q19. 2\. The Medicines CoThe Medicines Company (MDCO – Research Report) is an evolving biopharma that focuses on cardiovascular, infectious and intensive care medicine. Like Valero, MDCO is riding high when it comes to both the Smart Score and analyst ratings. View MDCO Smart Score BreakdownHowever what stands out about The Medicines Company is the sheer extent of the upside potential predicted by the Street. With shares currently trading at $32, the average analyst price target of $60 suggests upside of close to 88%. And in fact, one of the most bullish analysts is Chardan Capital’s Gbola Amusa. His new $90 price target works out at 181% upside potential from current price levels. Plus Amusa highlights MDCO as a Chardan Top Pick for 2019. The best part: as we can see here, Amusa is a top-rated analyst for his savvy stock picking skills. According to Amusa, investors should keep an eye on the late-stage development of MDCO’s twice-a-year cholesterol-lowering injection inclisiran. Ahead of 3Q19 pivotal readouts, MDCO will present interim phase II data on 18 May and on 27 May.“Given cost-efficient execution by MDCO on advancing towards multiple inclisiran clinical readouts in the coming months, including the pivotal phase III readout of inclisiran in 3Q19, we maintain our high-conviction Buy rating and increase our PT to $90 (from $85)” the analyst wrote on April 26.Note that Goldman Sachs analyst Paul Choi also upgraded MDCO from Hold to Buy ahead of the phase III data release. He also doubled his price target from $25 to $50. 3\. Smartsheet IncSoftware stock Smartsheet (SMAR – Research Report) is certainly worth a closer look right now. Shares have exploded 70% year-to-date, but the stock continues to offer attractive growth potential.Five-star Stephens analyst Dmitry Netis has a $55 price target on shares (30% upside potential). The analyst has just paid a visit to SMAR’s headquarters to get the low down from management. Post-meeting, he told investors “We reiterate our Overweight rating, as we increasingly have confidence in management's ability to scale revenues to a $1 billion revenue run rate within the next 4-6 years.”In particular, the analyst believes that Smartsheet's customer focus—along with years of iterations to develop an engaging user experience—is widening the competitive gap against both established industry players (MSFT, GOOG, TEAM, NOW) and fast-moving competitors (Asana, Wrike). “We continue to be impressed with the caliber of Smartsheet's management team and its product-focused, customer-first culture, which drives continued innovation and product development (~90% product roadmap is from customer feedback)” summed up Netis. Overall the stock boasts a ‘Strong Buy’ Street consensus, with a Smart Score of 9 reflecting positive activity from bloggers, hedge funds, investors and Very Bullish news sentiment. View SMAR Smart Score Breakdown 4\. Amazon Inc Last but not least comes A-grade mega-cap Amazon.com, Inc. (AMZN – Research Report). Not only does Amazon boast a Smart Score of 10, it also scores a record-breaking 36 recent buy ratings from the Street. View AMZN Price Target & Analyst Rating DetailOne of the many analysts singing AMZN’s praises is Goldman Sachs’ Heath Terry. Following solid earnings results, Terry ramped up his AMZN price target from $2,100 to $2,400. This means he sees shares surging a further 25% in the coming months. The five-star analyst explained: "We continue to believe AMZN represents the best risk/reward in Internet given the relatively early-stage shift of workloads to the cloud, the transition of traditional retail online, and share gains in its advertising business, the long-term benefits of each we believe the market continues to underestimate for Amazon".For the quarter, Amazon reported revenue in-line with the Street at $59.7 billion. That’s with operating Income of $4.42B coming in well ahead of RBC/Street, thanks to the Gross Margin upside and better than expected Fulfillment leverage. But the news that caught the eye of many consumers was the fact that Prime free shipping is going from 2 days to 1 day. “This IS Big News, if you believe in Shipping Elasticity, which we do. The faster you ship, the more people buy… This could be a key growth catalyst for Amazon for some time” enthused RBC Capital’s Mark Mahaney following the announcement. With this analysis it’s not surprising that AMZN boasts a Very Bullish news sentiment as the Smart Score demonstrates below:View AMZN Smart Score Breakdown Find ‘Strong Buy’ stocks that tick every box. Go to TipRanks’ Top Smart Score Stocks now. This tool pools together a customizable list of all the top-ranked stocks with a perfect ‘10’ score, enabling you to pinpoint the best stocks for your investing strategy.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and investors' positions as of the end of the fourth quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news websites. […]
For the last quarter Smartsheet Inc reported a revenue of $52.2 million, compared with the revenue of $32.96 million during the same period a year ago. Warning! GuruFocus has detected 1 Warning Sign with MORN. The Smartsheet Inc had an operating margin of -30.99%, compared with the operating margin of -44.02% a year before.
VCs poured millions in Washington state but remained selective on mega deals, the funding stage and the type of industry.
Smartsheet (SMAR) fourth-quarter fiscal 2019 results benefit from portfolio strength and customer wins but increasing expenses remain an overhang.
Smartsheet (NYSE:SMAR) stock is soaring today as the company unveiled its latest quarterly earnings results after the bell on Tuesday, bringing in a loss that was narrower than anticipated, as well as revenue that surpassed what Wall Street called for in its consensus estimate.Source: Shutterstock The Bellevue, Wash.-based business said that for its fourth quarter of its fiscal 2018, it posted a loss of roughly $11.7 million, which roughly tallied up to 11 cents per share. The figure was wider than the loss total it posted during the same period in its fiscal 2017, when the figure was $8.7 million, or 45 cents per share.On an adjusted basis, Smartsheet amassed a loss of roughly 7 cents per share, which is half the loss amount that analysts were calling for. The Wall Street guidance predicted that the company's adjusted loss would be 14 cents per share, according to FactSet data.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business saw its revenue surge nearly $20 million to $52.2 million from the $33 million in the year-ago period. Wall Street projected Smartsheet to bring in sales of $49.7 million, according to data compiled by FactSet.The company added that it calls for a loss of 19 cents to 18 cents for its first quarter of 2019, wider than the Wall Street loss of 14 cents per share. It sees revenue for the same three months as being $54 million to $55 million, ahead of the $52.6 million that analysts predict.SMAR stock is up about 7.6% on Wednesday following the news of a strong quarterly performance. More From InvestorPlace * 5 Cloud Stocks to Help Your Portfolio Fly * 7 Small-Cap Stocks That Make the Grade * Top 7 Service Sector Stocks That Will Pay You to Own Them Compare Brokers The post Smartsheet News: Why SMAR Stock Is Rallying appeared first on InvestorPlace.