39.72 0.00 (0.00%)
After hours: 4:00PM EST
|Bid||39.73 x 1000|
|Ask||39.75 x 800|
|Day's Range||38.83 - 39.99|
|52 Week Range||29.15 - 54.87|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 06, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||52.50|
Our investment goal is to find high-quality businesses that are priced below their intrinsic value; here are two that stand out as new ideas for 2020, notes money manager Peter Mantas, editor of Logo, LP Blog.
Upland Software Announces Intelligent Capture, a Cloud-Ready Solution that Unifies and Secures Document-Driven Processes in the Enterprise
Upland Software, Inc. (NASDAQ: UPLD), a leader in cloud-based enterprise work management software, today announced that Upland’s Chairman and CEO Jack McDonald and Upland's CFO Mike Hill will be attending the 22nd Annual Needham Growth Conference on Wednesday, January 15, 2020, at the Lotte New York Palace Hotel in New York, N.Y.
It’s no question that tech stocks represent some of the world’s biggest companies. As our world and everyday lives are only becoming more and more tech dependent, this trend is likely to continue.Many of these stocks have been massive wealth generators over the years, with conquering household names such as Apple, Microsoft, and Amazon providing investors with incredible returns. But of course, there are other opportunities for the observant investor. The question is, where to find them?TipRanks’ set of unique tools is a sure-fire way to get on the right path. For example, the Stock Screener lets you filter your search results by price target upside, analyst consensus and sector so you can focus on only the most compelling investments.So, we rolled up our virtual sleeves and rummaged around to find 3 tech stocks set for gains ahead, specifically ones which currently have the Street’s undivided support. We mean to say that each has racked up only bullish recommendations in the last three months, making the consensus rating a unanimous “Strong Buy."Upland Software (UPLD)Enterprise software wiz, Upland, has been on a bit of a shopping spree. This year includes the 1H19 acquisitions of PostUp and Kapost, totaling $80 million. These were followed by the purchase of CIMPL for $23.1 million, and more recently the acquisitions of InGenius ($26.4 million) and the largest one to date, Altify ($84 million). An organic growth strategy is simply not the Upland way.The ever-expanding tech company also recently announced a new $190 million incremental loan which will go towards paying off its existing revolving credit facility, and yes, to fund more acquisitions.Craig-Hallum’s Jeff Van Rhee thinks “the Upland flywheel is in motion,” with the 5-star analyst adding, “This team is flat out executing and the model has legs for many years to come. Acquisitions are getting more strategic and cohesive product sets are emerging, particularly around customer care/customer engagement, a space we spend a lot of time covering and one that has improving tailwinds… We continue to believe this team will create substantial shareholder value near, intermediate, and long-term.”It’s no wonder, then, that Van Rhee’s call on UPLD remains a Buy. The 5-star analyst’s price target of $59 is set to provide excellent gains of 63% should it materialize. (To watch Van Rhee’s track record, click here)The analyst’s optimism is mirrored by that of the Street, as a full house of 5 Buys amongst the analysts tracked over the last 3 months gives UPLD a Strong Buy consensus rating. The average target price of $51.20 provides investors with upside potential of 41% from the price the stock is currently trading at. (See Upland stock analysis on TipRanks)Verint Systems (VRNT)A recent report by Accenture highlighted that cybercrime is poised to account for over $5 trillion of economic value over the next few years. Therefore, companies are set to be spending large chunks on services which provide IT security. The sector is a growing one, with innovative platforms emerging. Verint is one such platform with a two-pronged approach: cybersecurity and customer engagement management.The tech company is in the middle of a transition in both of its segments, moving to a cloud first strategy in the customer engagement segment, while also shifting away from a model that combines hardware and software to one whose sole focus is on selling software directly to customers.Needham’s Ryan MacDonald thinks the company is trading at a discount, noting, “Verint is still in the early innings of its model transition, which creates the potential for volatility in quarterly results. Given VRNT's discounted EV/EBITDA valuation of 8.8x our FY21 estimate, we believe the transition risk is priced into the stock, creating an attractive risk/reward profile for investors.”To this end, the 5-star analyst initiated coverage with a Buy rating and set a price target of $53. (To watch MacDonald’s track record, click here)Another analyst throwing in the hat is Goldman Sachs’ Brian Essex, who wrote, “While the company has been able to deliver modest growth and proﬁtability, the stock continues to trade at a meaningful discount to peers with similar fundamental proﬁles. We view the company well positioned to deliver ongoing growth and margin expansion and believe more consistent execution, more granular reporting, and an improvement in investor awareness will enable the stock to re-rate higher over time.”Essex’s Buy rating goes along with a price target of $58, putting the upside potential at 12% (To watch Essex’s track record, click here)The Street is on the same page in regards to the cybersecurity firm, as a Strong Buy analyst consensus for VRNT breaks down into a unanimous 5 Buys. The average price target of $62.40 provides a possible 21% increase from its current price. (See Verint stock analysis on TipRanks)Avalara (AVLR)It’s very hard to make anything to do with taxes sound remotely sexy, but at least Avalara humorously acknowledges this. On the tax compliance software provider’s website, the company describes itself as “disrupting the status quo in the ‘scintillating’ world of sales tax management since 2004.”It seems like the disruption, though, is bearing fruit. Avalara recently posted another strong quarterly report, with 42% subscription revenue growth (in line with the 42% last quarter), 38% calculated billings growth (near enough to the 41% growth last quarter despite harder comp), and 113% net revenue retention, the best in the company’s public history. It was also the 7th consecutive quarter of accelerating core customer additions.J.P. Morgan’s Sterling Auty smells opportunity, noting, “It was another impressive quarter with over 800 new customers added driving 6% upside in revenue and a significant margin beat. The tone on international growth and the new marketplace opportunities we believe add legs to the growth outlook as both can provide incremental opportunities beyond just what we have seen so far with the Wayfair decision. We think the stock still has room to move higher driven by these secular growth factors and a valuation that is below many other premium names.”Therefore, the 5-star analyst reiterated his Overweight rating on AVLR, along with a price target of $104, implying nice upside potential of 38%. (To watch Auty’s track record, click here)All in all, the 6 analysts tracked by TipRanks over the last 3 months all rate the taxman disruptor as a Buy, giving the stock a Strong Buy analyst consensus. The average stock-price forecast is $97.17, indicating gains of 29% could be in the cards. (See Avalara stock analysis on TipRanks)
In the last week of November, Credit Suisse held its twenty-third annual Technology, Media, & Telecom (TMT) conference. It’s a popular annual industry event, connecting marketers and tech enthusiasts. Attendees get up-to-date info on the latest trends in the global tech industry.This year’s three-day event was no exception. It was well attended, with presentations by more than 20 tech companies, ranging from corporate giants like Microsoft to edgier companies like Splunk. Our attention was caught by three software companies in particular.None of the three are new companies – they’ve been around the block a few times – but all three are flagged in the TipRanks database as "Strong Buy" stocks. A closer look shows that all have over 20% upside potential, but that’s not the only thing they have in common. All three inhabit the cloud-based Software-as-a-Service ecosystem, and are known for strong execution.5-star Credit Suisse analyst Brad Zelnick reviewed all three of these stocks. Zelnick is an expert on the tech industry, and is ranked 139 out of more than 5,700 Wall Street financial analysts. This puts him in the top 3% of the analyst corps. Let's take a closer look:Upland Software (UPLD)Every office needs to manage the workflow, and that’s where Upland comes in. The company’s products offer solutions for a wide variety of essential aspects in business: project management, document automation and security, and enterprise sales, and on the customer-facing end, contact center and customer experience management.Upland expands its product line by both developing new software and acquiring smaller SaaS companies and absorbing their systems. At the end of November – on the same day the Credit Suisse conference began, in fact – Upland announced a new fungible loan, of $190 million, which will be applied toward new acquisition. The new loan adds to the $350 million the company already carries in outstanding loans. While substantial, the debt is sustainable. Upland uses the credit to generate returns, and the company’s share appreciation is robust.In Q3, Upland showed mixed EPS results. Earnings jumped from 38 cents per share one year ago to 52 cents per share now – but that number missed the 57-cent forecast by 8%. Reported quarterly revenues were within 1% of the forecast, at $55.07 million. This was up 48% year-over-year. Approaching the end of the calendar year, UPLD shares are up 33%, solidly outperforming the S&P 500 index.Zelnick lays out the firm’s view of UPLD, saying, “We appreciate Upland’s unique and durable approach to creating value by acquiring often overlooked and under-loved SaaS companies and realizing significant synergies by integrating these businesses with its UplandOne platform... We particularly like management’s track record (25 acquired companies) and see much of the company’s future success within its control…” Zelnick’s $48 price target on UPLD suggests a 32% upside to the stock – a hefty potential well in line with his Buy rating. (To watch Zelnick’s track record, click here) Upland’s five most recent analyst ratings are all Buys, making the analyst consensus on this stock a unanimous Strong Buy. A look at the average price target shows that Zelnick is somewhat conservative in his outlooks – UPLD shares have an average target of $51.20, implying room for 41% growth on the upside. (See Upland's price targets and analyst ratings on TipRanks)Intuit (INTU)Our second company is best known for the products it offers to the general public rather than to businesses. In fact, it’s likely you have used an Intuit product – the company is the producer of the popular tax reporting software TurboTax. On the small business end, Intuit offers Quickbook. These products, and others in the company’s line, exemplify Intuit’s name: they aim to make complex matters intuitive and easy for just about anyone.Easing navigation through modern life’s bureaucracy has been profitable for Intuit. The company brings in well over $5 billion in annual revenues, with 95% of that based on customers and activities in the US. In Q3 2019, INTU reported EPS of $5.55, for a 2% forecast beat and 15% growth year-over-year. The $3.27 billion in quarterly revenues were up 11% from the year-ago quarter.The company’s robust quarterly gains continued a long trend. INTU stock is up 185% over the past five years. In 2019, INTU has gained 29%, outpacing the S&P 500 gain of 24%. Not many companies can boast sustained growth of this magnitude.In his comments on Intuit, Zelnick described an upbeat path forward for the company, writing, “Our blue-sky scenario assumes (1) better-than-expected penetration of QuickBooks Online in the US and (2) sustained growth in the Consumer Tax business as TurboTax Live takes share from the Assisted tax prep market.” His $300 target price implies an 18% upside for further growth.INTU’s Strong Buy consensus rating is based on 3 "buy" and 1 "hold" ratings issued in the past 3 months, indicating analyst confidence. Shares currently sell for $256, and the average price target is $306, suggesting the stock could rise about 20% from current levels. (See Intuit stock analysis on TipRanks)Salesforce (CRM)Among cloud software companies, Salesforce was an early leader. The company has become the best-known name in Customer Relationship Management (that’s the origin of the ‘CRM’ ticker). Salesforce products offer cloud solutions for sales and commerce tracking, databases, marketing, customer service, and analytics to businesses of all scales.With a market cap of $138 billion, Salesforce is already big – but last month the company said that it expects to double in size by fiscal year 2024. Revenues for fiscal 2019 were over $13 billion – by FY24, the company estimates it will bring in over $34 billion per year. In its most recent quarterly earnings report, CRM revealed $4.5 billion in revenues, beating the forecast by $50 million. EPS came in at 75 cents, 13% above the 66-cent expectation.Long term, CRM has been growing steadily. The stock is up 187% in the last five years, although that growth has slowed in calendar year 2019. CRM is up only 15% this year, noticeably trailing the S&P average gain. It’s still a steady appreciation, however, and combined with impressive revenue numbers gives a healthy outlook. Zelnick says, of the company’s path forward, “The target to double revenues in four years at this scale is a testament to the strategic nature of Salesforce and its leadership…”On his overall view of the company and its likely forecast, Zelnick writes, “Better than expected market share gains with large enterprise, increased cross-sell across the current customer base, and continued operational efficiencies driven by significant economies of scale result in faster revenue growth from F2019 to F2029…” His $185 price target suggests a 17% upside potential.A look at the averages shows that, once again, Zelnick is on the cautious side. CRM shares sell for $158, and the average stock-price forecast of $192 shows a possible upside of 21%. The Strong Buy consensus rating, based on 23 Buys and 1 Hold, shows that Wall Street is upbeat on Salesforce. (See Salesforce stock analysis on TipRanks)
We can judge whether Upland Software Inc (NASDAQ:UPLD) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best […]
Upland's AI-enabled EKM solution, RightAnswers, improves the multi-channel customer experience through an improved decision tree builder.
Upland Software, Inc. (UPLD), a leader in cloud-based enterprise work management software, today announced it completed syndication and pricing of an incremental $190 million term loan. This borrowing will have the same terms as, and will be fungible with, the outstanding $350 million of term loans under the Company’s existing senior secured credit facility (the “Credit Facility”). The proceeds of the incremental term loan will be used by the Company to repay amounts outstanding under its existing revolving credit facility and to finance the ongoing general corporate needs of the Company, including future acquisitions.
Upland Software, Inc. (UPLD), a leader in cloud-based enterprise work management software, today announced that Upland’s Chairman and CEO Jack McDonald and Upland's CFO Mike Hill will be presenting at the Raymond James Technology Investors Conference at 11:20 a.m. (EST) on Wednesday, December 11, 2019 at the Westin New York Grand Central Hotel in New York, N.Y. The presentation will be webcast live and available on Upland's investor website. A recording will be available on Upland's website for 90 days following the event.
Upland Software, Inc. , a leader in cloud-based enterprise work management software, today announced that Upland’s Chairman and CEO Jack McDonald and Upland's CFO Mike Hill will be presenting at the Credit Suisse 23rd Annual Technology Conference at 1:20 p.m.
Moody's Investors Service ("Moody's") says Upland Software, Inc.'s ("Upland") (B2 stable) announcement that it intends to upsize its existing term loan by an incremental $150 million is credit negative over the near term because it will immediately increase the company's gross leverage profile to 6.3x from about 4.5x (or to about 4.9x from 3.5x when adjusting for stock-based comp). Prior to the proposed debt issuance Upland had reduced gross leverage by .7x between the 3/31/2019 and 9/30/19 LTM periods. Gross leverage levels are expected to be maintained below 6.5x over time as Upland grows organically, profitability is improved across recently acquired products, and further accretive M&A opportunities are realized.
Today we found 3 cloud stocks utilizing our Zacks Stock Screener that tech investors might want to consider buying with the stock market at new highs in November...
Upland Software (UPLD) delivered earnings and revenue surprises of -8.77% and -0.59%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Upland Software, Inc. , a leader in cloud-based enterprise work management software, today announced financial and operating results for the third quarter of 2019 and provided guidance for its fourth quarter and full year of 2019.
Upland Software, Inc. , a leader in cloud-based enterprise work management software, today announced that Upland’s Chairman and CEO Jack McDonald will attend the ROTH Technology & New Industrials Day on Wednesday, November 13, 2019 at the Lotte New York Palace Hotel in New York, N.Y.
Upland Software's (UPLD) third-quarter 2019 results are likely to benefit from recurring revenue growth and portfolio strength aided by higher contribution from acquisitions.
Upland Software Inc. (UPLD), a leader in cloud-based enterprise work management software, today announced the latest release of its customer revenue optimization (CRO) solution, Altify, further streamlining the sales process through improved relationship map visualizations, smarter analytics with Salesforce Einstein and Tableau, and improved integrations with applications within the CRO ecosystem. Altify is the core platform of Upland’s Enterprise Sales Optimization solution suite that combines opportunity and account management, sales process automation, customer reference management, RFP and sales proposal automation, and robust content operations in order to help businesses simplify complex sales cycles and grow revenue.
Upland Software (UPLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
For fresh investing ideas, we suggest taking a cue from Wall Street. Recommendations from the Street’s pros can provide a source of inspiration, as analysts often have in-depth knowledge of the industries they cover. That being said, not all analysts have the same track record, with some demonstrating a much stronger ability to generate returns with their ratings and price targets.Taking this into consideration, we turned to TipRanks’ top rated analyst, Canaccord's Richard Davis. According to TipRanks’ algorithm which calculates the average return of each rating as well as overall success rate, the tech sector analyst was the best performer out of 5,583 total analysts. With an 82% success rate and a 44% average return per rating, it’s clear that his calls demand attention.With this in mind, we wanted to take a closer look at the five-star analyst’s top picks in the software space. Not only does the upside potential of each exceed 20%, but all of the stocks have earned a ‘Strong Buy’ consensus based on all of the ratings published over the last three months. Let’s dive right in.ServiceNow (NOW)ServiceNow is a cloud computing company that wants to make it easier to get work done with its software solutions. Even though Davis expects a rough next quarter or two from NOW, the analyst believes that the tech stock still represents a compelling investment.His bullish thesis lies in part with the company’s commitment to achieve both near and long-term financial targets. Incoming CEO Bill McDermott stated that there hasn’t been a change in demand and activity as a result of macro conditions, and thus the company is still on track to meet its goals. Not to mention the public sector has been welcoming the cloud with open arms. In its most recent quarter, NOW signed thirteen contracts that have average contract value of more than $1 million with the U.S. federal government. This is up from the five deals it signed one year ago.While acknowledging the concerns surrounding employee attribution, the five-star analyst calls fears “overblown.” Out of NOW’s top 100 sales representatives, the company has only lost three. It should also be noted that company-wide employee retention rates rival that of other industry leaders.Based on all of the above factors, Davis tells investors to stay onboard. The analyst adds, “If you don’t own NOW, you should be happy because you just walked into the store and found your favorite item on an unexpected sale – we’d use what is likely to be an up and down stock price to build out a full position through year end”. Bearing this in mind, he kept his Buy rating while lowering the price target from $315 to $285. Even with this reduction, Davis sees 18% upside potential in store.In general, other Wall Street analysts take a bullish approach when it comes to NOW. 16 Buy ratings compared to 2 Holds assigned in the last three months give it a ‘Strong Buy’ analyst consensus. Additionally, its $300 average price target puts the upside potential at 21%. (See ServiceNow stock analysis on TipRanks)Smartsheet (SMAR)With Davis calling Smartsheet “one of the best positioned and executing firms that we follow," this software company is definitely on our radar.Smartsheet offers its customers a software platform for the workplace, with this solution allowing teams to work more effectively and improve overall outcomes. While the company provides solid products, the project management space is overcrowded with competitors. That being said, Davis highlights SMAR as a standout based on the fact that its software does exactly what it’s supposed to do.“Smartsheet makes the buying, pricing and expansion process comfortable. When you combine passionate customers with technical prowess and pleasant buying experience, you have the ingredients for a long runway of growth,” the analyst commented.Davis argues that the key to successfully navigating a competitive industry is to continue to innovate, get scale as well as meet the needs of current customers, all three of which the analyst says SMAR is doing. The company has kept customers excited by adding new features including conditional logic enhancements, cut and copy widgets, new ways to filter, multiple select drop down lists and several others. Based on the company’s 134% customer retention, its users are liking what they’re seeing.Like Davis, the rest of the Street has high hopes for SMAR. With 8 Buy ratings and 1 Hold received in the last three months, the message is clear: the software stock is a "Strong Buy." At an average price target of $50.44, the potential twelve month gain lands at 24%. (See Smartsheet stock analysis on TipRanks)Upland Software (UPLD)While it’s yet another player in the workplace software space, Davis thinks Upland stands to become a disruptrive player in the sector thanks to its recent acquisition.On October 6, UPLD announced that it was set to buy Altify for $84 million. Altify is a customer revenue optimization platform that is built natively on Salesforce. It was designed to improve sales execution by solving account management problems and by meeting sales process optimization needs. According to the analyst, Altify complements UPLD’s existing product offerings as well as provides a new customer base for the company to sell to.With this purchase representing UPLD’s fifth acquisition in just the last six months, the company could see major gains driven by these expansion efforts. However, all of this M&A activity does pose risk in terms of integration. Nonetheless, the five-star analyst cites the company’s strong management team and well-practiced method for executing integrations as mitigating some of these concerns.“If we assume that investors are willing to pay a mid-teens EBITDA multiple for Upland's combination of gradually improving organic growth, reliable and accretive M&A, and high margins, we continue to believe that the stock should push through $50 in the next year,” Davis explained.As the current share price is $38.04, Davis’ price target of $55 suggests shares could climb 45% higher over the next twelve months.With only bullish calls issued in the last three months, the word on the Street is that UPLD is a "Strong Buy." Adding to the good news, its $55 average price target indicates the highest upside potential on our list, 43.53% to be exact. (See Upland Software stock analysis on TipRanks)To find good ideas for tech stocks trading at fair value or better, visit TipRanks’ Best Stocks to Buy tool, a newly launched feature that unites all of TipRanks’ equity insights.
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