|Bid||126.85 x 1000|
|Ask||126.97 x 1000|
|Day's Range||123.99 - 128.23|
|52 Week Range||60.39 - 131.99|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||117.20|
Slack Technologies Inc. is looking for a better direct-listing fate than Spotify Technology SA. The music-streaming service reminded tech unicorns late last year that companies don’t have to issue new shares or raise money through a traditional offering if they wish to go public, and now Slack is following in its footsteps. The business-chat company filed direct-listing paperwork on Friday.
Slack is looking to complete a direct listing, rather than an IPO, on the New York Stock Exchange. Slack is gearing up for its stock market debut and has landed on a new ticker symbol: WORK. In an updated prospectus on Monday, the company said it's received approval from the New York Stock Exchange to list under that ticker after previously applying to list it shares under the symbol SK. It's a subtle but notable change in the run-up to one of the more widely anticipated technology offerings of 2019.
Atlassian shares hit an all-time high on Thursday after Goldman Sachs recommended buying the stock and lifted its price target.
The fourth-quarter consensus billings estimate for Atlassian Corporation PLC (NASDAQ: TEAM ) reflects low deferred revenue expectations and appears conservative, according to Goldman Sachs. The Analyst ...
Amid rising tensions over the trade tariff war, stocks today are cutting losses. Some sector indexes rallied mildly. Watch these four top stocks.
Atlassian Corporation Plc , a leading provider of team collaboration and productivity software, today announced that members of senior management will present at the
Twilio (NYSE:TWLO) stock management reported earnings last night, and the stock has been active since then. Traders initially sold the stock down on the headline in a knee-jerk reaction but then it flipped green. This morning TWLO is holding the rally -- it's up almost 5%. So clearly the news was indeed more good than bad.Source: Web Summit Via FlickrWhat makes this pop impressive is that the stock came into the earnings event already up 52% year-to-date. This is double that of the Nasdaq Invesco QQQ Trust (NASDAQ:QQQ). This differential is even more pronounced farther back in time. Twilio is up over 200% in 12 months. Compare this to the QQQ, which is up 18%. Clearly, the buyers are in charge of this stock.When a stock is at or near all-time highs, the setup for an upside reaction to earnings is difficult. So the greens today, if they hold, are a testament to the respect that Wall Street has for the stock. Now the onus is on management to continue to execute on its plans this well going forward, so that it continues to prove worthy of the trust that investors have in it.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe report card was strong. They beat expectations and guided stronger forward. Revenues grew 80% to $233 million when investors were only expecting $223 million. This is a proper result for a growth stock as the company continues to grow the top line. How to Trade TWLO StockSo is it a buy here? Not exactly. I call stocks like this too high to chase and too hot to short.This is a case where your next move totally depends on your time frame. If the intent is to own these shares for a long time, then there is no sense trying to snipe the perfect entry point -- but up here at all-time highs, it's not an obvious entry point into Twilio stock.This is not a negative statement against the company's prospects, just a caution against the price action from here. Ideally, it would be better to wait for a pull back to $125 per share but the traders may not allow for it for a long while.Fundamentally, Twilio is not cheap. This is a tech stock that sells at 26 times sales. Compare that with the original cloud company, Salesforce.com (NYSE:CRM), which sells at only 10 times sales. And remember, CRM stock is not cheap either so I am not comparing TWLO to a bargain. Salesforce's trailing price-to-earnings ratio is 115, which is more than most mega-cap stocks -- even Amazon (NASDAQ:AMZN).In summary, buying TWLO stock at all time highs requires a lot of faith in the future of the markets in general and in this sector. So the safer bet is to wait for a better entry point perhaps near $125 per share. Otherwise, if not already long it, it's okay to admit that the trader missed this trade.Most analysts who cover the stock rate TWLO as a buy as it trades towards the upper end of their price target ranges, so they will need to reset their targets higher or downgrade it soon enough. And that, too, could be a price driver.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 * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post Twilio Setting Records After Earnings, But Buyer Beware appeared first on InvestorPlace.
Technology Series Special: A Focus on April's Tech IPOs(Continued from Prior Part)PagerDuty sells business software for managing digital operationsPagerDuty (PD) is another Silicon Valley technology startup that went public in April. Its stock
San Francisco-based enterprise software company packs a range of features in its expansive Financial District headquarters.
rose 2.3% on Thursday after delivering a Q1 report that wasn't spectacular, but also didn't do anything to upend the view (now held by many) that chip industry sales are in the process of bottoming. Revenue, which was already known thanks to monthly sales reports, fell 16% annually in dollars, while EPS missed a FactSet analyst consensus by $0.02. The company also reiterated its full-year outlook for slight revenue growth, and its full-year capital spending budget of $10 billion to $11 billion.
I've met with Zoom Video Communications' (NASDAQ:ZM) CEO and founder Eric Yuan several times. He's soft spoken and humble. He also has a laser focus on his customers (keep in mind that the company's Net Promoter Score (NPS) is over 70, which is exceptional).Source: Shutterstock No doubt, Yuan's efforts have paid off in a big way. Today the company launched its IPO and yes, it's a mega offering. The ZOOM IPO priced 20.9 million shares at $36, which was after there were two increases in the range. In the deal, Salesforce.com (NYSE:CRM) agreed to invest $100 million. ZOOM also has some other notable strategic investors like Atlassian (NASDAQ:TEAM) and Dropbox (NASDAQ:DBX).The valuation? Well, the ZOOM IPO is now at $15.8 billion, with the stock up 75% on its opening. By comparison, the valuation was $1 billion in early 2017.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe ZOOM IPO comes on a day when Pinterest (NYSE:PINS) pulled off its own offering. That company priced 75 million shares at $19 and so far in today's trading, the stock is up 22%.And it's a good bet we'll see more new IPOs come to market in the coming months, such as Uber, Slack and Palantir. Background on the ZOOM IPOAs a college student in China during the 1980s, Yuan wanted to use technology to communicate with his girlfriend (by the way, she is now his wife!) This is why he was so attracted to WebEx, which he jointed as a founding engineer in 1997. He got a quick education on what it's like to be a part of a hyper growth company. * 5 Dividend Stocks Perfect for Retirees But when Cisco (NASDAQ:CSCO) acquired WebEx, things changed -- and not for the better. Yuan provided many ideas to improve the product but there was tepid interest. So in 2011, he left to start Zoom.His obsession was with creating the best product possible. As a result, there was little energy devoted to marketing. In fact, it was not until a few years ago that Zoom put together a marketing team.As of now, Zoom is a full-on platform that allows for rich video, voice, chat and content sharing. It is a native cloud system -- that involves a custom multimedia router -- which has demonstrated much better performance than legacy applications. The goal: to make Zoom meetings better than in-person meetings.Now, a key to the success of Zoom is that it is inherently viral. According to the S-1: "Our rapid adoption is driven by a virtuous cycle of positive user experiences. Individuals typically begin using our platform when a colleague or associate invites them to a Zoom meeting. When attendees experience our platform and realize the benefits, they often become paying customers to unlock additional functionality."This has translated into strong financials. From fiscal 2017 to 2019, revenues soared from $60.8 million to $330.5 million. Oh, and ZOOM is profitable. Last year, the net income came to $7.6 million and cash flow from operations was a hefty $51.3 million.The market opportunity is also enormous. Based on research from IDC, the spending on ZOOM's main categories are forecasted to reach $43.1 billion by 2022. Bottom Line on the ZOOM IPOWhile Zoom is a great company and is likely to see continued robust growth, the valuation remains at nosebleed levels. Consider that the price-to-sales multiple is around 47X. Actually, this is at levels for red-hot cannabis stocks!OK then, so what now for the ZOOM IPO? It's really tough to tell. However, it seems clear that the stock is priced for perfection. And yes, this can set investors up for disappointment. Just look at what happened with the Snap (NYSE:SNAP) IPO.In other words, when looking at ZOOM right now, it's best to be cautious.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post The Zoom IPO Goes Boom appeared first on InvestorPlace.
Shares of the videoconferencing software company Zoom surged 72.2% on Thursday, its first day of trading. The bump gave Zoom a market cap of $16.7 billion. Pinterest PINS — Pinterest surged more than 28% in its first day of trading.
Atlassian reported better-than-expected third quarter financial results, but its fourth quarter profit forecast missed consensus estimates.
Atlassian Corporation PLC (TEAM) delivered earnings and revenue surprises of 16.67% and 1.70%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Check out the companies making headlines after the bell:Shares of Las Vegas Sands LVS jumped more than 4% in extended trading Wednesday following the release of the company's first-quarter earnings.