77.59 -0.46 (-0.59%)
After hours: 7:59PM EDT
|Bid||77.54 x 900|
|Ask||77.72 x 800|
|Day's Range||75.91 - 80.32|
|52 Week Range||31.44 - 101.15|
|Beta (3Y Monthly)||4.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 7, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.24|
Square Inc. (SQ)'s evolving strategy could catalyze its stock price growth. The company is building a large user base through its Cash App, seeking to move into international markets. Similarly, its expansion into lending services for businesses may lead to an increasing proportion of larger, more profitable customers.
Square (SQ) runs a Bitcoin trading service, where its Cash App functions like a Bitcoin exchange market. This means people can use Cash App to buy and sell Bitcoin as an investment. Square is scheduled to report its third-quarter earnings results at a time when it has significantly expanded its Bitcoin trading service.
As Square (SQ) gears up to report its third-quarter results, the company is considering extending its Cash App service beyond its peer-to-peer payment roots by building it into a financial app for everyday use—a dream PayPal (PYPL) also has for its Venmo service. Cash App had attracted more than 7.0 million monthly users as of December 2017. In addition to supporting money transfers between family and friends, Cash App also lets users withdraw their balances from ATMs using an associated debit card known as Cash Card.
, a 49-year-old private investigator in Burlington, Vt., says she will tip for stellar service, such as “a little heart on my latte,” but that she is surprised by how often the iPad tip prompts appear—and by the suggested amounts. For purchases over $10, the defaults are no tip, 15%, 20% or 25%.
The recently privatized company is making changes to its San Jose workforce following its new leadership appointment.
Salesforce has been a tenant in the building for several years. In 2015, it began expanding by building-out more office space on the 31st floor. It hasn’t slowed down since.
It’s important not to overreact to the recent declines in Nvidia (NASDAQ:NVDA) stock. Long-term, I still believe Nvidia stock is a buy. Short-term, it has been a different story. Nvidia stock has fallen 18% in just the last eight trading sessions before today.
Square stock has been on the minds of many investors over the past few years thanks to the fact that the company provides payment and point-of-sale solutions to customers all around the world. SQ’s earnings have been flat over the last three years, but second-quarter earnings showed growth of 86% over the previous year. Clearly, Square stock investors will be keeping an eye on the next earnings report, set for Nov. 7.
“There’s a group of people in the city who are willing to give,” said Benioff at Wired’s 25th anniversary summit on Monday. “And there’s a group of people in the city who don’t.”
The new Fidelity Digital Assets will trade and hold cryptocurrency assets. One asset manager says the move could cement crypto as a new asset class.
Square (SQ) announced earlier this month that it would start extending loans of up to $10,000 consumers as long as they are buying from merchants that use Square products or services. Square’s consumer lending product is called Square Installments. Its launch marks the expansion of the company’s credit business.
GrubHub (GRUB) has struck a deal to acquire campus food-ordering platform Tapingo. Tapingo’s platform is used by food outlets on more than 150 college campuses, and it reaches more than half a million student diners. Students use Tapingo to place food orders in advance, and food outlets such as on-campus cafes and restaurants use the platform to accept advance orders, thereby saving time for both vendors and diners.
Amazon (AMZN) hosts more than 2.0 million sellers on its marketplace, according to FactSet estimates cited by the Wall Street Journal. The company makes money from its sellers by taking a cut of the sales they make through its marketplace. For example, sellers pay to advertise their items on Amazon’s marketplace, and Amazon also earns revenue from processing payments and extending loans to sellers.
PayPal (PYPL) is expected to release its third-quarter results on October 18. While reporting its second-quarter results in July, PayPal provided a yardstick against which its upcoming results could be measured. The company issued a guidance showing that it expected its third-quarter revenue to rise as much as 13% YoY (year-over-year) to $3.62 billion–$3.67 billion. For its bottom line, the company guided for EPS of $0.53–$0.55.
Square CFO Sarah Friar announced she was moving into a CEO role this week, which sent the company's stock down sharply. CEO Jack Dorsey, who runs both Square and Twitter, offered Friar some leadership advice. Investors in fintech company Square SQ don't seem to approve of the departure of CFO Sarah Friar, but CEO Jack Dorsey certainly does.
Investors in fintech company Square don't seem to approve of the departure of CFO Sarah Friar, but CEO Jack Dorsey certainly does.