|Bid||136.00 x 800|
|Ask||139.63 x 800|
|Day's Range||133.11 - 140.38|
|52 Week Range||80.20 - 143.82|
|Beta (3Y Monthly)||1.07|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||123.65|
The web development platform Wix.Com Ltd (NASDAQ: WIX )'s near-term cash strategy may put off investors as it spends money to boost collections — but the payoff should be worth it, sell-side analysts ...
Wix.com (WIX) reported mixed first-quarter results. However, revenues increased year over year on expanding customer base. Wix also updated 2019 guidance.
Wix earnings for the first quarter missed analyst estimates, while revenue edged by targets and sales guidance for the second quarter was short of views. Wix stock fell on the news.
Wix.com earnings for the first quarter of the year have WIX stock falling hard on Thursday.Source: Via WixWix.com (NASDAQ:WIX) starts off its earnings report for the first quarter of 2019 with earnings per share of 3 cents. This is better than the company's losses per share of 5 cents from the first quarter of 2018. However, it was a major blow to WIX stock by missing Wall Street's earnings per share estimate of 5 cents for the period.The Wix.com earnings report for the first quarter of the year has net loss coming in at $19.81 million. This isn't as bad as the company's net loss of $30.74 million reported in the same period of the year prior.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOperating loss reported by Wix.com for the first quarter of 2019 comes in at $18.45 million. The web development company reported an operating loss of $27.79 million in the first quarter of the previous year.Wix.com earnings for the first quarter of the year also include revenue of $137.78 million. This is a decrease from the company's revenue of $174.29 million reported during the same time last year. It was also bad news for WIX stock by coming in well below analysts' revenue estimate of $173.00 million for the quarter. * 7 Stocks to Buy that Lost 10% Last Week The most recent Wix.com earnings report also includes an update for its full year 2019 outlook. The company says it now expects revenue for the year to range from $758 million to $763 million. The previous outlook was for revenue between $755 million and $761 million. Wall Street is looking for revenue of $759.89 million in 2019.WIX stock was down 5% as of Thursday afternoon. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Wix.com Earnings: WIX Stock Gets Walloped on Q1 Miss appeared first on InvestorPlace.
On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 62 cents. Earnings, adjusted for stock option expense and amortization costs, came to 3 cents per share. The results missed ...
Wix.com, which helps small businesses build and operate websites, raised its 2019 revenue forecast after first-quarter sales beat estimates as more users converted to paid subscriptions. Israel-based 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. "Our strong top line growth highlights the early success of our strategy to increase collections per subscription," Chief Financial Officer Lior Shemesh said.
Wix.com, which helps small businesses build and operate websites, swung to a profit in the first quarter and raised its revenue forecast for 2019. It reported on Thursday quarterly net profit of 3 cents a share excluding one-time items, compared with a loss of 6 cents a year earlier. Analysts had forecast an adjusted profit of 5 cents per share on revenue of $173 million, according to I/B/E/S data from Refinitiv.
- Strong growth continues: Q1 revenue was $174.3 million , up 27% Y/Y and collections were $200.4 million , up 26% Y/Y, both exceeding prior guidance - Increasing monetization through new products and ...
Wix has been a big intraday mover post earnings experiencing intraday maximum moves over 8% in 11 of the past 12 post-earnings trading days and 14 of the past 16. The IDM (intraday maximum) is the largest change at ANY point intraday, the first day of trading after the company reports earnings. In terms of closing moves, the 8% area splits the last two years of post-earnings reactions while Wix gaps 8% or more only about 1/3rd of the time (over the past nine reports).
Shopify (NYSE:SHOP) doesn't lack its fair share of doubters. A little more than 7% of the outstanding shares of Shopify stock are held as short positions … arguably the riskiest of all stock-based speculations, as the potential loss is theoretically an infinite one. A handful of contentious stocks are marred by higher short ratios, but most aren't.Source: Shopify via FlickrSHOP stock has gained almost 88% year to date versus just shy of 19% for the Nasdaq Composite index. As of Friday, the Shopify market cap stands at $28.9 billion.Those short-sellers have an understandable basis for their doubts, too. The whole "help people open an online store" thing has been tried plenty before, usually resulting in lackluster results. Shopify's product doesn't look terribly different than services offered by Squirrelcart and LemonStand, both of which ultimately failed. Not even the venerable Facebook (NASDAQ:FB) was able to make its e-commerce dreams a reality, unable to stand up to the overwhelming presence of Amazon (NASDAQ:AMZN).InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet, somehow Shopify's formula works, even if it's not readily clear why. Choose Your Store Type"What Shopify really is, is we're this retail operating system," COO Harley Finkelstein said in a post-earnings interview with Jim Cramer on April 30. He went on to explain "You can come with us and build an online store, but you can also use our products on a brick-and-mortar store. You can cross-sell on Instagram, or Facebook, or Amazon, or eBay or anywhere, but it all feeds back into one simple and centralized back office." * 10 Great Stocks to Buy on Dips Shopify's platform allows entrepreneurs of all sizes to establish online shops that turn business ideas into a reality, but also stores with a physical presence. It's complex, yet simultaneously simple.It's also not exactly a novel concept, though Shopify does it better than any other player has been able to. Last quarter's revenue growth came in at just under 50%, while earnings per share of Shopify stock more than doubled. The big quarter merely extended a lengthy streak of double-digit growth of its top and bottom lines.Still, it's not the way it should be given the business model's pass struggles, begging one question from investors that are mulling or have taken a plunge into SHOP stock: Are CEO Finkelstein and his team truly this good at what they do?They are. Better Than the RestThe secret of the company's success isn't exactly a secret. In a recent interview with industry news and research outfit Ad Exchanger, Shopify's director of product Michael Perry explained "We remove the complexity to help get products out there as quickly and easily as possible. We have an ecosystem with thousands of apps that helps our merchants with marketing. Part of the strength of Shopify is that ecosystem."The explanation understates how robust Shopify's platform is, though Perry's comment underscores an idea Finkelstein articulated in that CNBC post-earnings interview. "If you think about it, if you aggregate all those [820,000] merchants … we're actually the third-largest online retailer in the United States," he said. The reason that's important is, we're able to take those incredible economies of scale … and we're able to trickle them down to entrepreneurs."That ability to provide the benefits of scale is a microcosm of the underlying philosophy that's helped differentiate Shopify from alternatives. The company intentionally puts its client companies first in a way that truly lets them build a business, which is where most predecessors have failed. Actual Business Building"The most important thing for entrepreneurs is to establish that direct relationship with their customers," Perry said, adding "Personally, I don't know why anyone would want someone else to own their customer relationship. Unfortunately, that's the exchange that takes place with a digital marketplace." * 7 Dangerous Dividend Stocks to Stay Far Away From Finkelstein adds color to the idea, explaining "When you go to a big marketplace (such as Amazon) you rent customers from that marketplace. When you build your own online store, your own physical store, you own the entire customer relationship. That customer is your customer. You can remarket to them."To that end, Shopify is upping the ante, respecting the fact that many of its merchants also operate in the brick-and-mortar world. Already offering point-of-sale hardware, last month the company unveiled three new POS devices -- The Shopify Tap & Chip Reader, Dock, and Retail Stand.It's all part of a bigger, well-thought-out comprehensive solution, however, integrating multiple solutions that let small business owner focus on building a business rather than managing technology. Bottom Line on Shopify StockIn retrospect, the advent of a true, customer-centric and complete turn-key solution for aspiring entrepreneurs was inevitable. The industry had been getting closer to the right answer; Wix.com (NASDAQ:WIX) is a respectable rival Shopify should keep an eye on. There's little doubt, though, that Shopify has finally found the precise pulse of what online entrepreneurs are truly looking for.Better still, it's going to be tough for a competitor to replicate Shopify for the same reason it's difficult to describe its edge.That in itself bolsters the bullish case for Shopify stock.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post It's Time To Admit That The Formula Works As Shopify Stock Nearly Doubles appeared first on InvestorPlace.
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.
NEW YORK , May 9, 2019 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that Joe Pollaro , GM of the US, will present at the SunTrust Robinson Humphrey 2019 Internet and Digital Media Conference ...
Cloud-based website development platform Wix.Com Ltd (NASDAQ: WIX ) is in the early stages of a strategic shift and has shown "impressive innovation" so far, according to KeyBanc Capital Markets. ...
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]
NEW YORK , April 25, 2019 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the first quarter ended March 31, 2019 before the market opens on Thursday, May ...
Snap's (SNAP) first-quarter results are expected to benefit from initiatives related to original shows and e-commerce amid stiff competition.