|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||99.25 - 104.57|
|52 Week Range||59.94 - 105.99|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||8,357.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.82|
Slack released updated financials ahead of its IPO slated for June 20th, expecting 50% revenue growth for the current year. Yahoo Finance's Zack Guzman and Heidi Chung are joined by Nan Hayworth, former Congresswoman (R-NY), to discuss.
Zoom shares soaring today after beating expectations in its first earnings report. It also issued strong guidance for the full fiscal year. Yahoo Finance's Brian Cheung joins Seana Smith.
The Zoom Video Communications Inc. founder has jumped into the ranks of the world’s richest people as shares of the company soared 180% since their market debut in April. “We’re just getting started,” Yuan, 49, said in a phone interview. Shares of Zoom closed Thursday at $100.95, giving the San Jose, California-based company a market value of $27.5 billion.
IPO stocks have captured the imagination of investors this year. A slew of high-profile companies (and even some not-so-well-known ones) have delivered robust profits to shareholders. And it's not just the buy-and-hold folk being rewarded. Momentum lovers and tactical traders are finding ample opportunities in the class of 2019.It is this latter group that will find today's gallery most helpful. We're featuring three IPO stocks currently flashing compelling chart patterns for bullish trades. Freshly minted stocks in the public square offer the potential for big gains and big losses. Some, like the Facebooks (NASDAQ:FB) and Paypals (NASDAQ:PYPL) of the world go on to become mega-winners granting triple-digit returns. Others -- think Blue Apron (NASDAQ:APRN) -- quickly head toward zero. * 7 High-Quality Cheap Stocks to Buy With $10 The potential for outlier returns is what makes playing IPO stocks so darn attractive. To help boost your odds, we'll suggest options trades for each of today's selections.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLet's take a closer look. 3 Options Trades for 3 IPO Stocks: Uber (UBER)Source: ThinkorSwim We begin with the most popular and undoubtedly the most widely anticipated stock of the bunch -- Uber Technologies (NYSE:UBER). Though we've yet to see eye-popping returns, the price action for UBER stock has been quite constructive since last month's IPO.A series of higher swing highs and higher swing lows have formed, creating a short-term uptrend. Recently UBER stock formed a textbook five-bar pullback to its rising 20-day moving average (yes, we now have a 20-day MA to play with!). The selling was orderly, and the retracement did nothing more than return the stock to a previous resistance zone.Traders banking on the principle of polarity will look for the old ceiling to become a new floor. If you're willing to bet UBER will sit above $39 at July expiration then sell the July $39/$34 bull put for 60 cents. The reward is $60 per contract, and the risk is $340. Options are pricing in an 80% chance of success. Beyond Meat (BYND)Source: ThinkorSwim Beyond Meat (NASDAQ:BYND) has taken the Street by storm. From its humble opening print of $46, the purveyor of plant-based meat substitute products has grown into a stock vying for world domination. At last week's peak of $186.43, BYND stock's gains eclipsed 305%. And it's barely even one month old!Skeptics will justifiably point out the meteoric rise being a byproduct of an epic short squeeze that took place after earnings. There's no doubt BYND has completely detached from its underlying fundamentals. But such is always the case in the early days of an IPO. Hype and sentiment reign supreme. * 7 Stocks to Buy for the Coming Recession Options provide a simple way of gaming the excessive volatility. Premiums in BYND options are through the roof. If you think the stock can stay aloft for the next few weeks, then selling puts offers an attractive payout. For example, you can sell the July $85/$80 bull put spread for 70 cents. The reward is $70 per contract and the risk is $430. This trade offers a 91% probability of profit. Zoom Video Communications (ZM)Source: ThinkorSwim Zoom Video Communications (NASDAQ:ZM) takes the final spot of today's featured IPOs. Since its public debut in April, ZM stock has grown 55%, from $65 to $100.50. Buyers have dominated all along the way, creating a series of higher swing highs and higher swing lows.The upside accelerated following last week's earnings announcement. Since then, volatility has remained elevated, but bulls have proved willing to defend their turf. Tuesday's drop threatened to move into the earnings gap but was quickly reversed by yesterday's rally.High volatility is keeping options premiums pumped and ripe for the selling. If you're willing to bet ZM sits above $80 at expiration, then sell the July $80/$75 bull put spread for 65 cents. The reward is limited to $65, and the risk is $435. Your probability of profit is 88%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 3 Hot Trades for 3 Spicy IPO Stocks appeared first on InvestorPlace.
Online pet-products retailer Chewy is expected to price its IPO, and chipmaker Broadcom will report earnings Thursday.
SAN JOSE, Calif., June 12, 2019 -- Zoom Video Communications, Inc. (NASDAQ: ZM) today announced new enhancements and partnerships for its video-first unified communications.
On the Q1 earnings call, management talked international expansion, landing bigger customers, acquisition stance, and R&D spending.
The company, which is moving its headquarters to San Jose from Mountain View, was estimated to be worth more than $700 million after its last venture round in 2015, according to PitchBook Data.
The IPO market has carried on with strength in recent weeks, with the likes of Zoom and Beyond Meat grinding higher on impressive early numbers. Technicals have also looked bullish, with major indexes including the Russell 2000 bouncing off important support levels. That suggests a positive outlook in the near term, as highlighted in All […]
On the Q1 earnings call, management talked about the videoconferencing specialist's huge market opportunity, sales strategy for the Zoom Phone, and more.
Recent IPO high-flyers Zoom Video Communications Inc (NASDAQ: ZM ) and Beyond Meat Inc (NASDAQ: BYND ) posted earnings reports that were "things of beauty," according to CNBC's Jim Cramer. What ...
Zoom Video: Earnings Were Good, but Be Wary of Soaring ValuationsZoom VideoZoom Video Communications (ZM) released its fiscal 2020 first-quarter earnings results on June 7. The company’s earnings were better than expected on both the top and
Clearly, Zoom is seeing runaway momentum for its videoconferencing and collaboration software, as both large sales investments and the viral nature of Zoom's offerings drive stronger adoption at major enterprises. Revenue and EPS beat expectations, but billings of $215 million (up 27%) slightly missed a consensus of $216 million. In addition, while DocuSign raised its full-year revenue guidance by $7 million, it reiterated billings guidance of $1.01 billion to $1.03 billion (consensus was at $1.22 billion), while stating on its earnings call that it's seeing longer sales cycles for enterprise deals in which it's up-selling existing buyers of its core e-signature software on value-added offerings.
Sometimes Wall Street does the right thing. Keep in mind Beyond Meat's IPO was priced at $25 and it is now at $128, and Zoom came at $36 and it is now at $95. Why do I say that Wall Street did right by you?
Zoom Video easily beat estimates in its first earnings report, issued on Thursday. Zoom earnings topped analyst views, even though sales from a new phone system haven't kicked in yet.
The Dow Jones Industrial Average ended higher Friday as weak job numbers lifted hopes for a interest rate cut from the Federal Reserve. Zoom Video is Real Money's Stock of the Day. Stocks ended higher Friday as a disappointing jobs report for May raised investors' hopes that the Federal Reserve would cut interest rates.
A stock market rally began this week as policymakers hinted at Fed rate cuts and Mexico tariffs deal hopes grew. But Google and other tech giants face tougher antitrust oversight.