|Bid||131.12 x 900|
|Ask||131.57 x 1300|
|Day's Range||129.01 - 132.74|
|52 Week Range||104.61 - 156.40|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 13, 2020 - May 17, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||158.53|
Wix.com (WIX) delivered earnings and revenue surprises of 44.44% and -0.38%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Wix.com, which helps small businesses build and operate websites, reported a smaller-than-expected decline in fourth-quarter net profit and forecast a revenue rise of about 25% this year to nearly $1 billion as it expands into the professional web creator market. Israel-based Wix reported on Thursday a quarterly net profit of 39 cents a share excluding one-time items (adjusted EPS), compared with 42 cents a year earlier. Wix offers free basic features for setting up websites but users must pay for extra services such as shopping carts, individual web addresses and site traffic analysis.
Wix.com Ltd. (Nasdaq: WIX) today reported strong financial results for the fourth quarter and full year ended December 31, 2019. In addition, the Company provided its initial outlook for the first quarter and full year 2020.
Wix.com (WIX) 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.
Wix.com Ltd. (Nasdaq: WIX), today announced that Joe Pollaro, GM of the US, will present at the 2020 JMP Securities Technology Conference at the Ritz-Carlton in San Francisco on Tuesday, February 25, 2020 at 10:00 a.m. PT.
Wix.com, Ltd. (NASDAQ: WIX) today unveiled Editor X, a website creation platform offering advanced design and layouting capabilities specifically targeted to designers and web agencies. The wide, flexible new canvas allows the use of modern CSS technologies including Flexbox and Grid, all with precise drag and drop, so designers and web creators can control the exact position and styling of elements at every viewport.
Wix, Wynn Resorts, Beyond Meat, Owens & Minor and Advantest highlighted as Zacks Bull and Bear of the Day
Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the fourth quarter and full year ended December 31, 2019 before the market opens on Thursday, February 20, 2020. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/.
Is Shopify (NYSE:SHOP) the future of eCommerce? Investors are increasingly betting that Shopify stock will be the next online star.Source: Jirapong Manustrong / Shutterstock.com A new wave of eCommerce is forming and threatens Amazon (NASDAQ:AMZN). Shopify demonstrated that fact with its Black Friday sales last holiday season when its platform averaged nearly $1 million in sales every minute. Impressive, to say the least.As Amazon has gotten busy with side projects such as selling groceries and trying to disrupt UPS (NYSE:UPS) and FedEx (NYSE:FDX), they've seemingly given a lot of ground to rivals in their core online retail space. And Jeff Bezos' headline-grabbing behavior has raised eyebrows as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAll in all, Amazon stock is down nearly 10% since its peak last summer. That's terrible in a time when nearly all major tech stocks are flying to new all-time highs, by comparison. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Shopify has taken advantage of Amazon's weakness. Not only is Shopify growing at a breathtaking rate, it's also building up a narrative that it will be the first company capable of taking the fight to Amazon's core business in years.Unfortunately, for anyone buying today, that narrative has driven SHOP stock to an exceedingly high valuation, and the optimism continues; Shopify hit new all-time highs this week. Shopify: Lock in Trading GainsShopify has gone on an absolutely exhilarating tear over the past year. Since the December 2018 low, Shopify stock has nearly quadrupled. Just over the past two months, the stock is up 50%. This is not normal. As great a company as Shopify may be, its fundamental value simply hasn't increased 50% in two months, or 300% in a year.What's driving the move? M&A chatter may be part of it. Last month, CNBC's Jim Cramer suggested that larger companies were taking a look at acquiring Shopify. Though, with the company's market capitalization now over $50 billion, there's only a few tech companies big enough to buy a company of Shopify's size with ease.Unless a merger hits, there's little to drive the stock price in the short run. The last earnings report was actually rather underwhelming; the share price run seems largely driven on sentiment rather than quickly improving fundamentals. The Company's Long-Term Investment ProspectsTo be clear, Shopify isn't quite a slam dunk buy and hold investment at this price either. There's certainly the possibility that Shopify is able to become the next Amazon. The current $50 billion market cap still leaves massive upside potential in that case. However, the market is fully pricing in near-term gains.In fact, take a look at Morningstar's Dan Romanoff's analysis. He gives Shopify some fairly ambitious assumptions over the next five years, and still finds the stock to be more than 50% overpriced. Romanoff wrote that:"Our fair value estimate for Shopify is $175 per share, which implies an enterprise value/sales multiple of 11 times, adjusted price/earnings multiple of 576 times, and a 0% free cash flow yield. Our forecast includes a continued shift to merchant solutions from subscriptions. We model total revenue growth of 45% in 2019, decelerating to 23% in 2023, representing a five-year compound annual growth rate (CAGR) of 31%."Needless to say, for investors let alone short-term traders, a pullback to $175 would be a rather painful fall from the current $465 price. Great world-changing companies often fall precipitously at one time or another despite being home run investments; Amazon famously lost more than 90% of its value in the dot-com bust. Is Shopify Really a Monopoly in the Making?If Shopify can truly grow into the next Amazon, it's still an easy hold today, despite the sharp potential drop in the short-term. However, there are reasons to be skeptical of just how powerful Shopify's position is.A recent article in ModernRetail noted how Shopify's platform has had notable issues scaling, and sometimes crashes when well-known internet personalities such as Jeffree Star and Shane Dawson have launched stores on Shopify.That author quoted an eCommerce agency CEO who pointed out Shopify's short-comings:"There's a big gap with what [Shopify's] enterprise offering is and other enterprise offerings out there," the CEO said. "It's definitely not true enterprise […] Once you're doing $10 million to $20 million online and once you have a certain amount of complexity, it becomes very difficult to scale on Shopify," they said. Shopify is a nice plug-and-play solution for up-and-coming e-commerce ventures. But what happens if the company's biggest customers graduate to more sophisticated platforms like WooCommerce or Magento?It's the Square (NYSE:SQ) problem all over again - attracting tons of small business is great, but if firms leave your platform for greener pastures as they get bigger, overall revenue growth could come up well short of expectations. Shopify Stock Bottom LineRealize that Shopify's share price has run far ahead of its current value today. If you're a swing trader, there's no reason to stay long here. Sell into the jaw-dropping 50% in two months rally. The stock market won't keep going up every day forever, there's nothing wrong with turning some paper gains into real cash while the market is euphoric.If you're a long-term investor and are willing to hold Shopify for the next five or ten years through thick and thin, then there's still a solid case for hanging on to its shares today. If the company keeps up its current growth trajectory, today's valuation will hardly matter. That's a huge if, though.For a lower-risk play on second-wave eCommerce, consider some of the Software-as-a-Service companies that provide back-end support to platforms like Shopify.Avalara (NYSE:AVLR), for example, provides sales tax collection and accounting functions to online sellers and has built-in support to platforms like Shopify and Wix (NASDAQ:WIX). Avalara is growing at 40%/year and has a much more palatable valuation at least for the time being.At the time of this writing, Ian Bezek owned FDX and AVLR shares. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post If You're Not in It for the Long Haul, Take Profits on Shopify Stock Now appeared first on InvestorPlace.
(Bloomberg) -- Adobe Inc. unveiled a cloud-based system to help clients build websites, bringing one of its last legacy products to the cloud almost a decade after shifting to internet-based software.The new content management system already is being used by some customers, the San Jose, California-based company said Monday in a statement. The software maker announced the service at the National Retail Federation conference in New York.Adobe is the largest vendor for enterprise customers in a $3.8 billion market for software that builds websites and manages digital assets, according to data from research firm IDC. The company said it’s the first to provide a purely cloud-computing based solution to large business clients. The software maker currently manages 15 billion web page visits per day and more than 50 million digital assets, including images and videos, across its customer base. Wix.com Ltd. and closely held Squarespace are among the competitors in the field.Companies are increasingly attempting to differentiate themselves with personalized customer experiences, led by websites and marketing materials. Adobe’s “Experience Manager” is also being used to power in-store, interactive screens that retailers have begun using to teach shoppers more about their products.Adobe has spent almost four decades quietly dominating small patches of the technology industry. While it is synonymous for its creative and design software, led by Photoshop, the company has continually invested in new products to maintain leading positions in areas such as marketing, advertising, and customer experience software. The product expansion fueled a 24% revenue increase last year. Wall Street responded favorably, with Adobe’s stock climbing 46% in 2019.Chief Executive Officer Shantanu Narayen moved much of Adobe’s product suite to the internet in 2011, leading to years of growing revenue and setting an example followed by other software makers, including Microsoft Corp. For years, clients who used content management systems weren’t ready to change their way of doing things, Loni Stark, a senior director of strategy and product marketing at Adobe, said in an interview. But added pressure on brands to modernize with sophisticated websites and applications have changed their calculations.Experience Manager’s transition to the cloud “means companies can deliver content faster and be always current on the latest capabilities we’re delivering out there,” Stark said.Apparel company Under Armour Inc. and mapping company Esri Inc. have begun using the new service, and extolled the quicker uploading times and ease of use.“There are no servers to manage,” Bill Phillips, an applications manager at Esri, said in an interview. “Our developers can focus on developing our website and helping get our marketing message out there quicker.”Adobe Experience Manager was previously available as a hosted service, with the software maker managing the infrastructure for clients. But it relied on old-school software that required lengthy download periods for patches and updates, rather than the continuous updates available with internet-based software.“I think of this as a new beginning, a new decade,” Stark said.To contact the reporter on this story: Nico Grant in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The SPDR S TR/S&P INTERNET ETF (NYSE: XWEB ) has gained about 9% year-to-date, underperforming the Nasdaq Composite Index, which has soared about 34% in the same period. Given the catching up the subsector ...
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]
Wix.com, Ltd. is sharing its review of 2019 website creation behavior. Using internal anonymized data, the report takes a look at trends in website building across the United States, including peak days and times for creativity and which cities are outpacing their population to produce the most sites.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees in 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]