|Day's Range||24.40 - 25.48|
On CNBC's "Fast Money Halftime Report," Joe Terranova said he doesn't want to buy Twilio Inc (NYSE: TWLO ) at the moment. He wants to see its earnings report, scheduled for Oct. 30. Bryn Talkington ...
(Bloomberg) -- Software companies fell on Friday, extending recent losses after results from Atlassian Corp. topped analyst forecasts yet failed to provide enough upside to assuage concerns over the group’s valuation.Atlassian shares dropped as much as 11% to their lowest level since May. The stock was on track for its third straight decline, as was Veeva Systems Inc., off 5.4%, and ServiceNow Inc., down 3.8%, which reports its own results next week. Coupa Software Inc. sank 8.4% in its fourth straight drop, a period over which it has shed more than 20% of its valuation. Twilio Inc. was down 4.5%. Alteryx Inc. was down 7.2% and Crowdstrike Holdings Inc. dropped 7.3%, heading for the eighth decline in the past nine sessions.A basket of high-multiple software stocks tracked by Goldman Sachs fell 5.7% in its fifth straight decline, hitting its lowest since March, while the Russell Midcap Technology Growth Index was down 2.2%.“When investors have lost conviction, it usually means the best strategy is to stay conservative until the coast is at least somewhat clear,” wrote Richard Davis, an analyst at Canaccord Genuity. “We are in that time in the cycle.”Davis has a buy rating on Atlassian, writing that it “fits the description of a safe harbor company.” However, he said the stock has a “high-ish valuation” and suggested that multiples could be hard to justify. “In this macro environment,” he wrote, “if anyone expected an over-sized guide up, they haven’t been paying attention.”Recent weakness in the sector included both Workday Inc. and Zoom Video Communications Inc. tumbling in the wake of their respective investor events, which underlined growth concerns.Atlassian’s results included a raised full-year revenue forecast, and Cowen wrote that this could ease broader concerns over the sector.This “was one of the more anticipated prints in software as a result of emerging macro concerns in the space and it being one of the first to report,” analyst J. Derrick Wood wrote. The “solid numbers & outlook, along with constructive commentary on stable demand conditions, should give investors greater comfort in the potential for stability in software spending.”To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jim SilverFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TheStreet warned in April that pricey cloud stocks would fall to earth, and it's happened. But they may have lower still to go as investors turn away from pricey high-growth tech names.
High-growth tech firms have lost significant market value in the first half of October. TTD, NOW, OKTA, and TWLO are all trading lower today.
Guess?, Ollie???s Bargain Outlet, Twilio, Wix.com and Shopify highlighted as Zacks Bull and Bear of the Day
While Twilio Inc. (NYSE:TWLO) shareholders are probably generally happy, the stock hasn't had particularly good run...
Twilio , the leading cloud communications platform, today announced that its third quarter fiscal year 2019 results will be released on Wednesday, October 30, 2019, after market close.
Seemingly in recent years, technology-related initial public offerings fall into two camps: those who perform stunningly well, and those that crumble badly. Identity management specialist Okta (NASDAQ:OKTA) definitely belongs in the former category. In April of 2017, OKTA stock started off with an IPO price of $17. Today, shares are a little bit shy of $116.Source: Michael Vi / Shutterstock.com Despite a general slowdown that started in August of this year and was exacerbated last month, Okta Inc stock has nevertheless enjoyed an overall brilliant performance. Since this January's opening price, OKTA has gained over 89% in the markets. And in the current month, shares are up nearly 18%.It's one of the few bright spots in an environment mostly focused on the unpredictable U.S.-China trade war negotiations. Further, the narrative behind this conflict helps bolster the argument for OKTA stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the headlines focus on the economic aspect of the trade war, what gets lost is how we got here. Unbalanced trade deficits, as well as China's stealing of intellectual property (IP) from American tech firms like Micron Technology (NASDAQ:MU), have long dogged prior administrations. Contrary to the traditional strategy, though, President Donald Trump has thrown diplomacy out the window, instead opting for geopolitical hardball. * 7 Tech Stocks You Should Avoid Now But underlining this nasty and ongoing dispute is the need for digital security. OKTA specializes in identity management, which involves much more than making sure only the right people can access specific information. Rather, the company recognizes that we live in a digitally interconnected world. Their technologies facilitate collaboration while still protecting IP and other valuable assets.In the past, this has driven Okta Inc stock. But is there enough room today for a repeat performance? Okta Stock Is Interesting, but Not at This PriceOver the past few years, we've seen tech upstarts like Twilio (NYSE:TWLO) impose an outsized influence relative to their size. OKTA stock operates under a similar principle.Undoubtedly, one of the top attributes for the company is its scalability. Rather than an individual company investing in its own security protocol, it often makes economic sense to outsource this function. As a specialist, OKTA can provide cost-effective solutions quickly, thus driving the case for Okta stock.At the same time, being a specialist has some drawbacks. Because these types of companies operate in a relatively narrow focus, they lack robust revenue diversity. If growth slows down in a key market, it could lever a larger-than-normal impact. And that's what I believe happened with OKTA stock in recent months.In August, management released its earnings result for the second quarter. On paper, the company beat both per-share profitability and revenue expectations. However, Okta stock slipped on the announcement, and tumbled days later.Sure, the company produced some impressive numbers. But on a longer-term timeframe, those figures are becoming less impressive. Click to EnlargeFor instance, in Q4 2016, OKTA rang up $49.3 million in sales, which represented nearly 82% growth year-over-year. In Q4 2017, the company delivered revenue of $77 million, but a growth rate of "only" 56%. One year later, the sales tally increased to $115.5 million, but the growth rate declined again to just under 50%.In the Q2 2019 report, OKTA drove home $140.5 million, while sales growth slipped to 48.5%. Of course, all companies experience growth declines as they progress nominally. But with OKTA stock having gained so much, investors wanted to see more.They didn't get it, which resulted in volatility for shares. Low Barrier to EntryAnother potential risk factor for Okta Inc stock is the relatively low barrier to entry for the target industry.Ironically, the attribute that makes OKTA stock so compelling - effective security solutions for corporations - is what makes it vulnerable to competition. Interestingly, management has invested funds into blockchain technology to bolster its security offerings.Currently, few players can do identity management quite like Okta Inc. But tellingly, the blockchain is an open source innovation. Thus, another upstart with a better way of doing business could end up disrupting this space.And it's almost inevitable that identity management will attract more competitors. Looking at OKTA's cost of goods sold, they're very low relative to top-line sales. With quarterly gross margins consistently coming in above 70%, this is not the most capital-intensive industry.That's not to say that you should ignore OKTA stock indefinitely. But at the current price, I think the risks outweigh the rewards.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post Waiting It Out Remains the Best Call for OKTA Stock appeared first on InvestorPlace.
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Twilio lies behind the apps we every day, including Uber and eBay. Here is what the fundamentals and technical analysis say about buying TWLO stock now.
Twilio gains after RBC Capital Markets initiates coverage with an outperform rating and a $135 one-year price target on what it sees as 'one of the most durable growth stories in software.'
Twilio (TWLO), the leading cloud communications platform, today announced the company is recognized as a worldwide leader in the IDC MarketScape for Cloud Communications Platform-as-a-Service (“CPaaS”). The report notes, “Twilio has emerged as the de facto icon of the CPaaS segment,” and highlights the company’s vision and strategy to drive digital transformation within the enterprise. “Twilio continues to redefine the communications segment,” said Courtney Munroe, group vice president of Worldwide Telecommunications Research, IDC.
Cloud stocks rose Monday amid a broader upswing in the markets. Among notable small- and medium-cap stocks in the cloud sector, 16 rose while 3 fell. Twilio shares rose $3.40, or 3.19%, to $109.96. Juniper Networks shares fell 12 cents, or 0.
Twilio Inc (NYSE: TWLO ) shares have gotten hammered of late, dropping 21.8% in the past three months. One Wall Street analyst said Monday that investors shouldn’t get too hung up on near-term issues and ...
This isn't uncommon and occurs multiple times a year, which gives investors an opportunity to buy one of Cramer's "cloud kings," Twilio. Speaking to Cramer in an interview, Lawson said his company expanded from $100 million to $1 billion by focusing on what customers need.