|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||68.55 - 71.71|
|52 Week Range||59.94 - 107.34|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||2,447.93|
|Earnings Date||Dec 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||91.79|
Stocks are falling Thursday as worries over U.S.-China trade tensions put the brakes on record highs. Yahoo Finance’s Adam Shapiro, Julie Hyman and Dan Howley discuss with Albion Financial Group Partner and CIO Jason Ware and Kendall Capital CEO and President Clark Kendall some strategies to use to minimize risk.
36Kr Holdings became the latest company to take over the public markets amid volatility in the U.S. IPO market. Yahoo Finance’s Julie Hyman, Brian Cheung, and Scott Gamm is joined by 36Kr Founder and Co-Chairman Cheng-Cheng Liu on On The Move.
Zoom Video Communications (ZM) closed at $70.08 in the latest trading session, marking a +0.1% move from the prior day.
Janine Pelosi is one of eight senior executives at Zoom Video Communications who at one point worked for Webex or its parent company, Cisco Systems. Initially an underdog in web conferencing, Zoom is now an $18.5 billion company and focused on growth.
Zoom Video Communications (ZM) closed the most recent trading day at $68, moving -0.57% from the previous trading session.
Even the best-performing new stock companies from the region have been hit by a reset that appears to be happening on Wall Street.
The Zacks Analyst Blog Highlights: Zoom Video Communications, Beyond Meat, Turning Point Therapeutics and Cortexyme
Companies that went public this year and did well in terms of price performance did so on the back of solid financials, positive cash flows and growing revenues.
SAN JOSE, Calif., Nov. 01, 2019 -- Zoom Video Communications, Inc. (NASDAQ: ZM) will release results for its third quarter of fiscal year 2020 on Thursday, December 5, 2019,.
Since late August, Shopify (NYSE:SHOP) stock has come under considerable pressure. Note that the shares have gone from $406 to $310. But then again, there has been a selloff of many high-flying tech stocks, such as Zscaler (NASDAQ:ZS), Workday (NASDAQ:WDAY) and Zoom Video Communications (NASDAQ:ZM).Source: Jirapong Manustrong / Shutterstock.com However, the recent volatility of Shopify stock looks more like a blip, considering that SHOP stock has soared more than 120% this year. So what now? Will Shopify stock resume its winning ways?Well, this week the company reported its third-quarter results -- and yes, the growth story looks to be intact. Revenues jumped by 45% to $390.6 million. The Street, on the other hand, was looking at estimates of $383.8 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shopify's InnovationA key to the company's success has been its focus on innovation, which has continued to improve the platform for merchants. Here are just some of the highlights during the quarter: * Shopify launched the Experts Marketplace, which connects merchants with agencies and freelancers who can help with store building, marketing and custom development. * Shopify Marketing now has the ability to easily buy digital ads across Microsoft's (NASDAQ:MSFT) platforms, Yahoo! and AOL. * The company is allowing the sale of hemp or hemp-derived cannabidiol products on its platform. This is so long as various federal, state and local laws are complied with. According to BDS Analytics, the market in the U.S. is expected to jump from $1.9 billion in 2018 to $20 billion by 2024. * The company has launched Shopify Chat, which is a native chat function that allows for real-time conversations with customers. Consider that there are already other chat integrations, such as for Facebook's (NASDAQ:FB) Messenger and Apple's (NASDAQ:AAPL) Business Chat.But perhaps the most important development for SHOP stock is the company's debut of its fulfillment network. It's a sophisticated system that makes it easier for merchants to deliver their products in the US. It is based on advanced inventory technologies and backed by machine learning that helps with predictions. 6 River SystemsTo bolster the network, Shopify spent $450 million to acquire 6 River Systems. The company is a leader in automation and robot systems for fulfillment.According to 6 River Systems co-CEO Jerome Dubois: "By joining Shopify, we're changing the game of fulfillment. Together, we will help thousands of businesses improve their fulfillment operations, with an easy-to-learn solution that can more than double productivity and improve accuracy."Yet the fulfillment strategy will take time to have an impact on SHOP's financial results. But according to the earnings call, the early indications are that merchants are showing strong adoption. Bottom Line On SHOP StockIn the quarter, SHOP did post an unexpected loss of 29 cents a share, while the consensus estimate was for a profit of 11 cents a share. Although the company is investing heavily in research, development, marketing and global expansion, it is concerning that -- despite the scale of revenues -- there remain losses. This could be a problem going forward, as investors are getting more focused on profitability for tech companies.Next, competition is becoming a factor. Just some of the rivals include Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE) and Square (NYSE:SQ). There is even buzz that Amazon (NASDAQ:AMZN) will make a play for the market.In the meantime, SHOP stock is already factoring in much of the good news anyway. Unless the company sees a big growth on the top line -- with profits -- it could be tough for the shares to post market-beating gains.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. 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 * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes * 8 Consumer Stocks to Buy before Thanksgiving * 10 Stocks to Buy Regardless of Q3 Earnings The post Innovation Is Key to Shopify Stock's Success appeared first on InvestorPlace.
Zoom Video Communications (ZM) closed the most recent trading day at $65.49, moving -1.61% from the previous trading session.
A 50% price drop does not seem a sufficient buying signal for the workplace solutions company Continue reading...
One of the scariest things about IPO stocks is the lockup expiration date. This is the date when insiders, like employees and venture investors -- who we previously "locked" into holding their shares -- can sell their stock. Often, these insiders hold the vast majority of a freshly public company's outstanding shares. The result? When the lockup expiration date hits, if a bunch of insiders want to sell their stock, that will put tremendous downward pressure on an IPO stock.Just look at some of the headline IPO stocks that had their lockup expiration dates in the first half of October, including African e-commerce company Jumia (NASDAQ:JMIA), social media platform Pinterest (NYSE:PINS), and video communications company Zoom (NASDAQ:ZM). Month-to-date, all three stocks are down -- while the S&P 500 is up an impressive 2% in October -- with ZM stock down a whopping 20%.Also of note: two of those three IPO stocks, Pinterest and Zoom, were big winners before the lockup expiration. In other words, lockup expiration dates are scary for all IPO stocks, not just the bad ones.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Top-Notch REITs to Buy for Income With that in mind, let's take a look at seven IPO stocks whose lockup expiration dates are looming around the corner. For some of them, the lockup expiration could cause serious pain in shares. For others, not so much. Beyond Meat (BYND)Source: Sundry Photography / Shutterstock.com Lockup Expiration Date: Oct. 29The next big lockup expiration that investors should be watching is the lockup expiration of alternative meat producer Beyond Meat (NASDAQ:BYND).Due on Oct. 29, Beyond Meat's lockup expiration will dramatically expand the stock's float. About 48 million shares will be unlocked. That represents roughly 80% of the company's total outstanding shares. If the owners of those shares decide to sell, that could put tremendous downward pressure on BYND stock.The problem is that most might decide to sell. Why? Because Beyond Meat has had one of the most successful IPOs ever, and the most successful of the past decade. At one point, the stock was up nearly 10-fold from its IPO price. Sure, it's down big from those levels. But, it's still up 4-fold from the IPO price.With the stock in the midst of a multi-month plunge and yet still up big from the IPO price, insiders might take this opportunity to sell at elevated prices. If this mentality is broadly adopted by insiders -- and it likely will be -- then BYND stock could be in for a world of hurt when the lockup expiration hits. Uber (UBER)Source: Shutterstock Lockup Expiration Date: Nov. 6After Beyond Meat, the next big lockup expiration that investors should watch for is the lockup expiration of Uber (NYSE:UBER) due on Nov. 6. On that day, roughly 84% of Uber's total share count will become available for sale.That's a huge number, and the problem is that a ton of those insiders will likely sell as soon as they can.Here's the logic. For better or for worse, a lot of Uber's early employees and investors were attracted to Uber because of former CEO Travis Kalanick and the culture he fostered at the company. Travis has since been pushed out. The aggressive culture which he fostered has also since vanished. Perhaps by coincidence -- or not -- the company's growth trajectory has flattened out, and the valuation of the company has plunged.Those early employees and investors want out. They thought Uber could be a trillion dollar company behind Travis. Now, just as Travis has, many of those early individuals have probably moved on. The problem is that as the early employees and investors, they own a bunch of UBER stock, so when the lockup hits, them selling in bulk will create significant downside pressure on shares. * 7 Safe Stocks to Buy and Hold Through 2020 The implication? Uber could have an ugly lockup expiration. Luckin Coffee (LK)Source: Keitma / Shutterstock.com Lockup Expiration Date: Nov. 13The other notable freshly-public company that has a lockup expiration date in November is rapidly-expanding China retail coffee chain Luckin Coffee (NYSE:LK).Luckin Coffee's lockup period expires Nov. 13. While that means a ton of insiders will be able to sell shares at that date, I'm not terribly concerned about the selling pressure on LK stock.Why? Because Luckin Coffee has all the ingredients of a stock wherein the insiders won't sell that much in November. First, the stock is barely up from its IPO price, so there really isn't that big of a profit for insiders to cash in on. Second, the stock has been much less erratic than other IPO stocks, and has consistently held prices above its IPO price. Third, there's a ton of Wall Street support here, with pretty much all analysts giving the stock a buy rating, according to YCharts. Fourth, there is a ton of long-term potential here, thanks to Luckin's robust unit growth potential in a very large China coffee retail market.Big picture: insiders don't have much reason to sell come Nov. 13. Thus, LK stock will likely breeze past its lockup expiration without much noise or hassle. Revolve (RVLV)Source: Shutterstock Lockup Expiration Date: Dec. 4Moving into December, next-gen fashion commerce platform Revolve (NYSE:RVLV) has its lockup expiration date on Dec. 4.I'm pretty worried about RVLV stock into this lockup expiration for two big reasons. First, the optics are bad. RVLV stock hit the markets with a bang, roaring from an $18 IPO price, to nearly $50 in a matter of a few trading days. Since then, the stock has come off the rails, dropping all the way back to $20. This "pop-and-drop" dynamic gives credence to the idea that this is just another IPO stock that got too hot for its own good, and will continue to adjust downward for the foreseeable future. If insiders with shorter time frames adopt that mentality, then the lockup could bring in waves of selling.Second, the fundamentals don't add up. Revolve is being advertised as the new way Generation Z and Millennial consumers love to shop. I belong on the outskirts of both generations (born 1995), and I can tell you that this is not the future of shopping. Sure, social commerce is a big thing, but Revolve built its platform on influencer culture. That influencer culture is slowly dying, partly because Instagram is taking away their power by removing followers and likes, and partly because consumers started to realize just how fake it was. * 7 Stocks to Buy With 100% Upside Potential As influencer culture continues to die over the next several years, Revolve will become more like an online version of American Eagle Outfitters (NYSE:AEO). That's a decent business. But, it's not worth today's valuation. I have a feeling insiders know this, and so I expect the lockup expiration to come with a wave of selling. Chewy (CHWY)Source: designs by Jack / Shutterstock.com Lockup Expiration Date: Dec. 11Last, but not least, on this list of IPO stocks with lockup expiration dates just around the corner is online pet store giant Chewy (NASDAQ:CHWY). Chewy's lockup expiration date? Dec. 11, when roughly 83% of the outstanding shares become unlocked.Bad news for CHWY stock? Maybe. The stock had a great first day of trading. But it has been nothing but down, down, and down for shares since then. This lack of public market strength since the IPO pop may create a sense of doubt among insiders, and that doubt could form the basis for waves of selling on Dec. 11.At the same time, though, Wall Street has remained bullish on CHWY stock during the plunge. Pretty much every analyst who covers the stock has a Buy rating on it, and the consensus price target is above $35, according to YCharts, versus a price tag today of below $27. This show of confidence from Wall Street could ease insider doubts, and mute the selling.The big takeaway? CHWY stock should do just fine when its lockup period ends. There will be some selling, but not much, as broad support from Wall Street will keep overall sentiment bullish despite recent share price declines.As of this writing, Luke Lango was long PINS, BYND, and LK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cybersecurity Stocks to Keep Your Portfolio Safe * 7 Top-Notch REITs to Buy for Income * 5 Reasons Why I Still Believe in Hexo Stock The post 5 IPO Stocks With Lockup Expiration Dates Around the Corner appeared first on InvestorPlace.
The company with the highest growth in this year's rankings notched 669% revenue growth over three years.
(Bloomberg) -- An ugly two months for software stocks is getting worse, and bullish investors are looking to earnings reports this week from ServiceNow Inc. and Microsoft Corp. to stem the tide.Zoom Video Communications Inc. and ServiceNow fell more than 5% on Tuesday, each extending losing streaks to a fifth consecutive day. The group has been under renewed pressure since last week, despite an earnings report from Atlassian Corp. that was praised by analysts. Both ServiceNow and Microsoft are due to report Wednesday afternoon.“We all know there’s some frothiness in some of these specialty software as a service companies,” said Jason Benowitz, a senior portfolio manager with Roosevelt Investment Group. “I’m interested in how the market will react when Microsoft reports, because I think everyone is expecting results to be strong.”Software valuations have come under the microscope amid concerns about whether their break-neck growth is sustainable in a slowing economy and a renewed focus on profitability in the wake of WeWork’s initial public offering stumble. A Goldman Sachs basket of expensive software stocks has fallen 28% from a July peak, with nearly all of that decline coming since the start of September.Other big decliners on Tuesday included Slack Technologies Inc. and Alteryx Inc., which both fell more than 7%, while Coupa Software Inc.has lost 24% since the beginning of last week.To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Courtney DentchFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A Rosenblatt analyst says that RingCentral may speed up plans to launch its own video product, Bloomberg reported.
Workday Inc. shares are off more than 11% in Wednesday morning trading and pacing the declining software sector after the company held its user conference and analyst day. Several analysts flagged the company's commentary on its human-capital management product, which Workday expects to end the year with 20% growth, marking a slowdown. "Financials will need to continue to grow at healthy rates to offset this," wrote Jefferies analyst Brent Thill, though he said the attachment rate of financials to the core product is relatively low, suggesting opportunity. While Workday also announced some new products, Macquarie analyst Sarah Hindlian questioned the revenue potential for some of them. "For example, blockchain-enabled Workday Credentials allows verification of credentials such as employment and educational history," she wrote. "We think this is likely a limited market opportunity." Another issue for Workday is that its chief executive commented that the company has "definitely seen some delays" in deal activity, but Workday doesn't expect these to impact the business or result in cancellations. Other software stocks are getting hit in Wednesday trading as well, including Slack Technologies Inc. , which was the subject of a price-target cut at Morgan Stanley, and Adobe Systems Inc. , which received a Citi Research downgrade. Shares of Okta Inc. , Splunk Inc. , Zoom Video Communications Inc. , and Atlassian Corp. PLC are also down. The iShares Expanded Tech-Software ETF is off 2.3%, while the S&P 500 has lost 0.1%.
(Bloomberg) -- Wall Street’s tepid reception to highly-anticipated IPOs from Peloton Interactive Inc. and SmileDirectClub Inc. shows rising anxiety that a recession could be on the horizon, analysts say.The struggles for the home exercise company, the dental aligner maker, and ride-hailing peers Lyft Inc. and Uber Technologies Inc. may give a glimpse into how investors are valuing their services as well as what a global slowdown could mean for the consumer-dependent stocks.“The weakest link is retail. Companies that sell to –- or stocks that are bought by -– individual retail buyers will feel the effects soonest and most,” said Rett Wallace, CEO of Triton Research Inc.Weakness in these mega-IPOs has partially been driven by a rotation toward more defensive business models, MKM analyst Rohit Kulkarni said in a telephone interview. While Uber and Lyft could benefit from a spike in part-time drivers, demand for their services and Peloton’s subscription numbers may take a hit if consumers have less money to spend, he said.“Consumer companies such as Uber, Lyft and Peloton will probably feel a more near-term impact of any potential slowdown in the macroeconomic space,” Kulkarni said. Traders could shun their monthly subscriptions or pay-as-you-go models, if slowing revenue lengthens their path to profitability.The S&P 500’s brief climb above 3,000 for the first time in three weeks provided a lift for some of the beaten-down companies on Tuesday. Peloton had its best session, rising 9.2% off a record low, while SmileDirectClub bounced 6.3% to trade back above $10. But both stocks are still trading well below their offering prices.Both had also set the terms for their IPOs in September, shortly after the spread between 3- and 10-year Treasuries bottomed out in August, indicating a higher probability of a recession. According to data compiled by Bloomberg, the probability of a recession had then peaked at nearly 40%.SmileDirectClub’s more than 50% decline from its September offering has placed it among the year’s worst performers. An analyst who follows the company closely said in an email that he is impressed with its business model but acknowledged that “it certainly will have exposure to an economic downturn given the discretionary nature of orthodontics.”Some of the best-performing IPOs show the inverse. Application software companies have seen their stock prices surge as investors favored firms that face businesses instead of individuals. Zoom Video Communications Inc. and CrowdStrike Holdings Inc. are a few that come to mind when surveying the landscape of red-hot companies whose business models might be more sustainable.While Beyond Meat Inc. remains the year’s best performing IPO, with a more than 385% gain since going public in May, it has cooled off from its summer sizzle. The stock has lost almost half its value from a July 26 peak, shedding almost $7 billion in value.Now, the challenge for investors, according to Kulkarni, is valuing large, unprofitable companies at just the time when the global economy may be headed for a slowdown, and maybe even recession.To contact the reporters on this story: Bailey Lipschultz in New York at email@example.com;Drew Singer in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jennifer Bissell-Linsk, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Zoom Video Communications, Inc. (ZM) today announces at Zoomtopia 2019 major expansions to its video-first unified communications platform, deep integrations and partnerships to grow its ecosystem, and the laying of a foundation for empowered communications. “We are proud that everything we’ve built at Zoom - from our core video architecture to our UI - is designed to make your meetings, as our customers say, ‘Just work,’” said Oded Gal, Chief Product Officer for Zoom. At Zoom, we are about empowering people to do more with video communications.
Today, Emergence Capital, Horizons Ventures, Maven Ventures, and Sequoia Capital – all investors in Zoom Video Communications, Inc. (ZM) – together announced at Zoomtopia 2019 a joint pitch competition for startups to develop on the Zoom platform. Up to 10 finalists will receive the opportunity to pitch partners at Emergence Capital, Horizons Ventures, Maven Ventures, and Sequoia.