74.09 -1.10 (-1.46%)
After hours: 7:18PM EDT
|Bid||74.40 x 800|
|Ask||74.46 x 900|
|Day's Range||74.26 - 76.31|
|52 Week Range||24.64 - 76.31|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||68.81|
Tech stocks have served as the backbone of market growth in many respects. Of course it’s possible that these tech stocks will continue to move higher. Also, crashes such as 1987 and 2008 which did not center on tech still hurt tech stocks significantly.
The US market for third-party restaurant food delivery services is expected to grow to $15.5 billion by 2022, according to Pentallect. Square (SQ) is a food delivery provider that competes with GrubHub (GRUB) and Uber. As part of its effort to capture a larger share of the food delivery market, Square is integrating Caviar with its restaurant management platform, Square for Restaurants, which it launched in May. Square for Restaurants has drawn strong interest from large restaurants.
While small traders continue to benefit from Square products, the company’s penetration of larger merchants has also continued to grow, hitting a milestone in the second quarter. The company’s operating expenses rose 45% YoY (year-over-year) to $318 million in the second quarter, driven by sharp increases in product development and marketing costs. Product development costs were $115 million in the second quarter, up 47% from a year ago.
A recent regulatory filing shows that Square (SQ) offers its bitcoin trading service through private brokers rather than public cryptocurrency exchanges. Working with private brokers instead of public exchanges may help Square minimize risks in its bitcoin trading business, particularly by ensuring more predictable bitcoin prices. Partnering with private brokers may also make Square’s bitcoin trading service look more professional and secure, which may, in turn, help the company attract more traders to its platform.
With Square (NYSE:SQ) shares priced 91 times next year’s projected profits and 11 times its trailing 12-month revenue, SQ stock won’t be winning any value awards anytime soon. Right or wrong, Square has turned itself into a story stock and a lifestyle company — a la Amazon.com (NASDAQ:AMZN) — that inspires investors to ignore fundamentals and focus on the importance of its ever-growing vertical and horizontal reach. Much like Amazon, Square is poking its finger into a lot of pies, becoming a centerpiece of personal money management.
The stock market continued its overall advance the past month, with small-cap funds maintaining their grip on most of the top spots.
Square’s (SQ) peer-to-peer payment service Cash app is now more popular than PayPal’s (PYPL) competing service Venmo, according to data from app research firm Sensor Tower and Wall Street firm Nomura Instinet. Cash app’s accumulative downloads hit 33.5 million at the end of July, surpassing Venmo’s cumulative downloads of 32.9 million, Nomura wrote in a research note cited by CNBC. The Cash app has never racked up more downloads than Venmo, so the data indicate a milestone for Square in its race with PayPal to dominate the peer-to-peer payment market.
Square (SQ) issued its earnings guidance for the third quarter and for 2018, which were both below the consensus estimate. It sparked a sell-off in the stock. The company is expecting its third-quarter adjusted EPS to be $0.08–$0.10. The market expects EPS of $0.13. For 2018, Square has forecast a loss per share of $0.17–$0.21, which is more than a $0.16 loss per share expected by the market.
Square (SQ) has updated its payment card readers to process chip card transactions faster, allowing sellers who use the readers to speed up the lines at their checkout terminals. Customers also benefit by not having to wait so long in line.
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on August 1. Index (PMI) data, output in the Technology sector is rising.
President, CEO & Chairman of Square Inc (NYSE:SQ) Jack Dorsey sold 103,035 shares of SQ on 08/15/2018 at an average price of $73.93 a share.
I’ve been very bullish on Shopify (NYSE:SHOP) for some time now. But even with SHOP stock having pulled back sharply of late, I’ll admit to having some second thoughts.
DoorDash Inc.’s aggressive expansion drive has seen its valuation nearly triple in less than six months. In a press release, the food delivery startup revealed that it raised $250 million in venture capital funding that valued it at $4 billion. This latest cash injection came just five months after DoorDash tapped the likes of SoftBank Group Corp., Sequoia Capital and Singapore’s GIC Pte Ltd. sovereign-wealth fund for $535 million in a Series D financing round that valued it at $1.4 billion.
Walmart Inc (NYSE:WMT) stock is up 9.2% since it announced it was buying Flipkart, India’s biggest e-commerce company, on May 9. Indeed, the Boston Consulting Group has said India could become the world’s third-largest consumer market by 2025. The $16-billion deal cleared an important hurdle on Aug. 8, when the Competition Commission of India announced on Twitter Inc (NYSE:TWTR) that the deal had been approved.
It’s been a stellar summer for payment processing company Square Inc. (NYSE:SQ). The company has released good news after good news, which has sent SQ stock 10% higher over the course of just 1 month.Safe Investments to Regularly Earn 12%-Plus
Many of Silicon Valley's biggest tech companies pay a typical worker well into the six figures — or in the case of Facebook, a whopping $240,430. That's $43,000 more than what a typical Googler makes, according to our latest analysis.
Investing.com - Cryptocurrency prices slipped on Thursday, while Ethereum co-founder Joseph Lubin’s comments raised some eyebrows as he said the surge in crypto prices last year was bubble.
In this market, particularly in tech, arguing that a growth stock is “too expensive” is a good way to look foolish. Square stock now has more than doubled in 2018 and nearly has tripled over the past year.