76.50 -0.31 (-0.40%)
After hours: 7:46PM EDT
|Bid||76.41 x 1300|
|Ask||76.56 x 1400|
|Day's Range||75.44 - 77.27|
|52 Week Range||43.72 - 101.15|
|Beta (3Y Monthly)||3.54|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.94|
Entrepreneurs point to Oakland’s lower costs, excellent transit connections, more affordable housing and hip vibe as big draws for fintech startups.
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)Probe focuses on consideration’s adequacy A law firm led by Louisiana’s former attorney general is investigating the proposed merger between Fiserv (FISV) and
Recently, I've become increasingly convinced that Salesforce.com (NYSE:CRM) is an important barometer for the tech sector as a whole. CRM stock price isn't the only gauge investors need to watch, But Salesforce stock still seems to provide a pure look at investors' preferences.Source: Shutterstock The key reason why is that Salesforce.com 's story is reasonably simple. It has a fantastic business. No one can dispute that. As CEO Marc Benioff pointed out on its Q4 conference call earlier this month, the company was the fastest enterprise software company ever to reach $13 billion in sales. (The company celebrated its 20th anniversary on Mar. 8) Its revenue growth has been almost bizarrely consistent for years now, hovering generally in the 24%-26% range. * 7 Small-Cap Stocks That Make the Grade And there really aren't any external factors that can materially change its outlook. Microsoft (NASDAQ:MSFT) and Adobe (NASDAQ:ADBE) are trying to compete in customer relationship management, or CRM, software, but the dominance of Salesforce.com appears assured. A downturn in the macro cycle likely would impact Salesforce stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut given multi-year contracts and the importance of CRM software to businesses, the impact likely would be manageable. (Note that CRM's revenue more than tripled between 2007 and 2011.)Of course, CRM stock price also isn't cheap or close to it. And so Salesforce stock provides an intriguing answer to an interesting question: what, exactly, are investors willing to pay for growth?Coming off the company's fourth-quarter report, it appears investors aren't sure about the answer to that question. Once they figure it out, the rest of the market may as well. Earnings "Surprise" for Salesforce Stock (Yeah, Right)Salesforce's earnings came in nicely ahead of Street estimates on both the top and bottom lines. That surprised exactly no one remotely familiar with Salesforce stock; as I wrote before the report, Salesforce.com hasn't missed on either revenue or earnings in at least five-plus years.Yet it wasn't good enough. The company's guidance looks a bit disappointing, as Nicholas Chahine detailed after the report. The CRM stock price fell 3.7% on the day of the report and dipped almost 1% on the following day. Salesforce stock wound up falling 6% for the week, but it has since regained the majority of its losses.Bu the initial selloff seemed to confirm the risk facing CRM stock and the market. Bear in mind that the CRM stock price over time has been an exaggerated reflection of the market as a whole. It gained steadily in the first years of the decade, as the market recovered, and its gains accelerated in 2016 and 2017, as the stock market gained steam.Salesforce stock peaked in early October 2018 and then plunged as the Q4 selloff hit. CRM stock lost over 25% of its value in less than three months and took three and a half months to gain it all back, and then some.The profit-taking after the strong Q4 report seemed to suggest that investors were paying more attention to risk, but subsequently, as noted above, CRM stock regained most of the losses it had suffered this month. How High Can the CRM Stock Price Go?The issue at this point is that Salesforce stock is expensive, really expensive. It still trades at about 60 times the company's 2020 earnings guidance. At some point, investors will start worrying about the valuation of even a great business, which Salesforce.com unquestionably is.From here, it still looks like valuation fears drove the initial post-earnings reaction. Disappointing guidance is a good talking point, but again, Salesforce.com never misses analyst estimates. It's reasonably obvious at this point that the company guides conservatively. Meanwhile, Q1 and 2019 projections aside, the company also predicted that its revenue would double again by fiscal 2023.There was nothing wrong with the company's Q4 results. The issue is its valuation. But there's another aspect of Salesforce stock that could demonstrate investors' appetite for risk. Salesforce.com predicts that its non-GAAP EPS will come in at $2.74-$2.76, but that includes stock-based compensation of $1.84 .That's two-thirds of its projected net income. Back that out, and CRM stock is trading at over 172 times the high end of this year's earnings guidance. Some investors have questioned whether Salesforce stock should have such a high valuation. If more investors agree, CRM stock likely would be the first stock to take a big hit. Watch CRM Going ForwardBetween the stock's valuation and the company's share-based comp, CRM obviously is a growth stock. And the relatively simple nature of its outlook means there's one key argument regarding Salesforce stock: what to pay for the business. Bulls will argue that paying up for Salesforce stock has been a great bet for nearly 15 years. Bears will reply that, at some point, the rally has to end.That argument is a stalemate right now. It's worth paying close attention to who wins in the near-term. Where CRM stock goes, other growth stocks - like Square (NYSE:SQ), Shopify (NYSE:SHOP) and Workday (NASDAQ:WDAY) - are likely to follow.If Salesforce stock is too expensive, so is pretty much every other stock in the market; few, if any, of them have as an outlook that's as good as CRM. If investors are willing to pay up for CRM stock now, however, they'll likely be willing to stretch for other growth plays. The pre- and post-earnings movements of CRM stock price show the market isn't quite sure which side to take. At some point soon, that will change.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Keep a Close Eye on Salesforce Stock appeared first on InvestorPlace.
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)Death coincides with Square’s anniversaryOne of Square’s (SQ) founding talents died last month, according to CNBC. Tristan O’Tierney, 35, died in the
Despite its long history, Cisco Systems (NASDAQ:CSCO) may have only just begun. Cisco stock once flew so high that it briefly attained the largest market cap. After the end of the dot-com boom, CSCO languished for years.Source: Shutterstock However, CSCO stock has taken on a new identity as a dividend-paying stock focused more on software and security. As a result, it appears positioned to benefit from the growth of 5G wireless technology.Between the dividend and the emergence of 5G, CSCO appears set to become one of the essential growth and income stocks.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks That May Be Hurt by This Year's Big IPOs Cisco: The Income StockI once had quite a history with Cisco stock. I bought shares in 1997, and I was thrilled when they had risen eightfold in just over two years thanks to the dot-com boom. Depressingly, I then watched most of my gains melt away over the next year and a half before I finally sold for a more modest profit.Much like I have become a different investor, Cisco has become a different company. The old Cisco focused on hardware. Today, the emphasis has shifted to software and security. Moreover, the Cisco of old focused on investments, buying companies, and inspiring a higher stock price. Today's Cisco trades 36% below its record high of 19 years ago and emphasizes its rising dividend.As for the payout, the company will pay out $1.40 to shareholders this year. This places the current yield at almost 2.7%. Moreover, CSCO has hiked the payout every year since the stock began paying dividends in 2011. Those who have held since 2011 earn a double-digit percentage yield. It would surprise me if CSCO stock did not become attain dividend aristocrat status (meaning 25-plus years of dividend hikes) in 17 years. Poised for More GrowthThis does not mean I advocate writing off Cisco stock as a stodgy Dow 30 equity. CSCO will produce necessary products and generate dividends. That said, I do not think Cisco will become more like Dow peers Procter & Gamble (NYSE:PG) and 3M (NYSE:MMM) than growth stocks such as Square (NYSE:SQ) or Netflix (NASDAQ:NFLX).However, I expect Cisco's products to generate more investor enthusiasm, and with that, more growth to add to the income stream. Wall Street forecasts profit increases of 18.1% this year and 10.1% the next. Moreover, CSCO has attained something unimaginable with the old Cisco stock--a low price-to-earnings (PE) ratio. Today, CSCO stock maintains a forward multiple of about 15.4.That appears cheap when considering the role Cisco will play in the 5G space. CSCO has created a "Cloud-to-Client" solution for 5G. This will affect the network at every level. It offers a seamless 5G solution end-to-end that will enhance security while optimizing speed and performance. This should drive profit increases as Cisco stock moves into the next decade--and the next quantum leap in wireless tech. Concluding Thoughts on Cisco StockExpect 5G to turn Cisco into the quintessential growth and income stock. Put simply, this is not the dot-com boom CSCO. This one-time growth stock has morphed into a more conservative, dividend-oriented company. Payouts have increased every year since 2011. With these rising payouts, it could eventually become a dividend aristocrat. Moreover, with its move into 5G, double-digit profit increases have returned.However, the real benefit may come as 5G represents the next great quantum leap in wireless technology. We already know 5G will probably equip every appliance, light fixture, and meter with wireless technology. However, the real power could come from what we do not imagine.Few could have imagined all of the apps that would come about when Apple (NASDAQ:AAPL) introduced the iPhone in 2007. Investors should expect the same, surprising level of innovation as 5G becomes more prevalent.I do not know what products will emerge. However, regardless of what creation comes about CSCO could serve as the backbone to that technology. Even beyond the financials, that function could become reason enough to buy Cisco stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Cisco Stock Is a Great Equity Buy and a Great Growth Buy appeared first on InvestorPlace.
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)$472 million in loans to small businessesSquare (SQ), which has been extending loans to small businesses for a few years now, sees more room for growth on this
All You Need to Know ahead of PayPal’s Q1 Results(Continued from Prior Part)PayPal now supports instant bank transfersPayPal (PYPL) recently introduced an instant bank transfer option for its customers, with the option initially rolling out to
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)Venmo rainbow-color variant added It’s been a tit-for-tat scenario for PayPal (PYPL) and Square (SQ) in the mobile peer-to-peer payment market. In an apparent
A Look at PayPal’s International Opportunities and Challenges(Continued from Prior Part)PayPal wooing taxpayers PayPal (PYPL) wants to cash in on tax season. Americans have until April 15 to file their federal income tax returns. A few weeks after
Square’s stock was up 150% in the first nine months of 2018. And then the stock was cut in half. Can Square regain its swagger?
President, CEO & Chairman of Square Inc (NYSE:SQ) Jack Dorsey sold 103,035 shares of SQ on 03/13/2019 at an average price of $77.35 a share.
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)PayPal helped raise $114 million for Raisin Europe-based fintech startup Raisin is buying German lender MHB Bank, Reuters has reported. Raisin, which operates a
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)PayPal secures football contract PayPal (PYPL) recently announced winning a four-year contract to handle digital payments for grassroots football teams in the
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISVPayPal lifts loan limit for UK businesses In 2014, PayPal (PYPL) launched its small business lending service in the United Kingdom, betting that British businesses would turn to it not just
All You Need to Know ahead of PayPal’s Q1 Results(Continued from Prior Part)PayPal’s loan business faces more competition PayPal’s (PYPL) marketing expenses continued to rise quarter after quarter throughout 2018, and the trend looks set to
All You Need to Know ahead of PayPal’s Q1 Results(Continued from Prior Part)PayPal faces escalating competition In the past year, we’ve seen PayPal (PYPL) make a series of strategic acquisitions in apparent attempts to sharpen its competitive
Apple (AAPL) shares jumped over 1.1% Thursday on the back of a continued wave of positive news, including a Bank of America (BAC) upgrade, bullish Cowen coverage, services strength, and much more. This begs the question: is now the time to buy Apple stock?
All You Need to Know ahead of PayPal’s Q1 ResultsPayPal expects continued growthPayPal (PYPL) is expected to report its first-quarter earnings results next month. In January, PayPal issued a performance outlook that showed it was expecting
A Look at PayPal’s International Opportunities and Challenges(Continued from Prior Part)PayPal’s EMEA head steps downThe departure of PayPal’s (PYPL) longtime executive Louise Phelan leaves the company with big shoes to fill in a key market
Through thick and thin, the financial technology sector remains in favor on Wall Street. Companies like Visa (NYSE:V), Mastercard (NYSE:MA) and Square (NYSE:SQ) rarely come under fire from negative outlooks, so they make for strong bets on the upside potential of equity markets.Source: Kārlis Dambrāns via FlickrFintech offers the best of both words in the financial sector: They are prone to rallies and not considered dead money like bank stocks. When it comes to Visa stock specifically, it rallies similar to the Nasdaq Invesco QQQ Trust (NASDAQ:QQQ) and outperforms the Financial Select Sector SPDR ETF (NYSEARCA:XLF).In fact, yesterday, it set a new all-time high while the S&P 500 is still struggling to breach last year's neckline battle zones. Clearly, investors want to own more Visa stock and MasterCard than most other sectors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo is it too late to buy V stock? The answer to this varies from one investor to another and depends mostly on time frames. How to Approach Visa Stock HereThose who want to invest in it and own the shares for the long term, the simple answer is that it's not too late to own it. Over the span of years, I don't need to be surgical with my entry points. If the stock market is higher later, then so is Visa. * The 10 Best Stocks to Buy for the Bull Market's Anniversary For that purpose, even though V stockis at all-time highs, it is not expensive. It's cheaper than MA and sells at a trailing price-to-earnings ratio of 34. While this is not dirt cheap, since it's almost double that of Apple (NASDAQ:AAPL), it's not bloated either. So owning shares here for the long term is not likely to be a major financial debacle. There is not a lot of froth to lose so the downside risk should be limitedShort term, chasing a runaway stock like this at all-time highs is not ideal. It leaves the buyers' portfolios vulnerable to short-term dips. But then again, here the matter of intentions makes a difference.For those who are looking to trade Visa stock and not necessarily be in it for the long-term investment, then going long Visa stock here would be a tactical trade. The idea is to buy high and sell higher. But for that, we need precise levels to mark the stop loss points. Bottom Line on V StockTo understand the support levels we need to know how the rally up to here unfolded. V stock is now 25% off its December lows. But the breakout really started from $140 per share on Feb. 1 and after its earnings report. That level was a neckline with $146 per share as the target. So those are two major lines of support for the mid-term.More recently, a secondary pivot level developed around $145 per share. The bears tried to break on Mar. 8, but the bulls prevailed so that now becomes an important level to hold. If it fails in the near term, it would target support at $140. * 7 Inexpensive, High-Dividend ETFs to Buy On the lower time frame charts, there is a shorter-term recent level of contention at $149.70. This served as the floor for the recent poke to new all-time highs. So by default, this becomes the first level of support and if fails, it should also be the stop loss trigger for momentum traders. This does not affect those who are in the stock for the long haul.There is also another micro support zone between $151 and $152 per share that is an even tighter stop loss levels for momentum traders. Where I stop myself out depends on my own level of risk tolerance. Click to EnlargeThe first stop, however, remains in my overall thesis on Visa stock and my goals for the trade. I need to know if I am trying to trade it or invest in it. It is also important that if I am in it for a trade that I don't turn it into an investment.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post Is Visa Stock Worth a Look After Setting a New All-Time High? appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: Fidelity National Information Services, Square, Euronet Worldwide and Worldpay
Disruptors are among the biggest winners, says Jim Cramer. Companies like Apple and Kraft Heinz need to re-imagine their companies in bold, meaningful and even radical ways.