Super Harley

Forum Replies Created

Viewing 15 posts - 31 through 45 (of 131 total)
  • Author
    Posts
  • in reply to: Market Weekly: June 14 – 20 2020 #23933
    Super Harley
    Participant

    Norwegian Cruise Line NCLH dropped 13% after the closing bell

    After the company announced it is extending its suspension of global cruises to include trips between August 1 and September 30 for its three main cruise brands.

    The cruise line said the cancellations exclude Seattle-based Alaska trips in September. Select voyages, including Canada and New England itineraries, are also canceled through October 2020 due to travel and port restrictions.

    Shares of Carnival CCL and Royal Caribbean Cruises RCL each fell more than 7% in after-hours trading as well.

    in reply to: Market Weekly: June 14 – 20 2020 #23932
    Super Harley
    Participant

    Car rental company Hertz dipped 4% after the closing bell.

    Hertz, currently in bankruptcy proceedings, decided to issue up to $500 million in new stock that it said would likely end up worthless.

    Former SEC Chairman Harvey Pitt told CNBC Tuesday that regulators did not ever think investors “would be gullible enough” to buy “garbage” like Hertz’s bankrupt stocks.

    in reply to: Market Weekly: June 14 – 20 2020 #23929
    Super Harley
    Participant

    White House in the discussions on 4th stimulus

    Congress to be part of discussions

    Today’s report from Fox Business’ Charlie Gasparino says the White House is in ‘deep discussions’ about +$1 trillion in spending.

    “Infrastructure likely part of bill. Other measures: State aid; liability protection; unemployment extension. Administration also pushing “return to work incentives,” he tweeted.

    Obviously, the White House is only one party in the discussions going to be hard getting the House and Senate on board. The above wish-list sounds awfully expensive.

    Super Harley
    Participant

    Zuora after being up 25% after earnings now flat with general technology selling on the day

    Market Summary > Zuora Inc
    NYSE: ZUO
    12.68 USD +0.090 (0.71%)
    Closed: Jun 4, 2020
    After hours 12.50 −0.18 (1.42%)

    Super Harley
    Participant

    Zoom Video Communications Inc
    NASDAQ: $ZM Reverses 6.04%
    to $210.35 −13.52 With Nasdaq Profit Taking ahead of NFP

    Super Harley
    Participant

    Zoom Video Communications upgraded by DA Davidson from Neutral to Buy.

    For the first quarter, Zoom Video Communications had an EPS of $0.20, compared to year-ago quarter EPS of $0.03. The stock has a 52-week-high of $212.69 and a 52-week-low of $60.97.

    Zoom Video Communications’s stock last closed at $208.08 per share.

    RBC Capital upgraded Zoom Video Communications Inc from Sector Perform to Outperform.

    Super Harley
    Participant

    Huawei CFO will remain under house arrest after loses bid to get extradition charges removed

    Her lawyers argued that the sanctions violations charges she faces in the US aren’t a crime in the US.
    A British Columbia judge ruled against that but she has 30 days to appeal.

    Extradition hearings will begin in June.

    Super Harley
    Participant

    Under Armour Inc. UA, said Friday it has upsized and priced a $440 million offering of senior convertible notes that mature in 2024.

    Class A shares lost 3.9% and C shares fell 4.2%.

    Market Summary > Under Armour Inc Class A
    NYSE: UAA
    8.34 USD −0.34 (-3.92%)
    Closed: May 22, 2020

    in reply to: We have Lyft Off For Most Anticipated IPO of 2019 #23656
    Super Harley
    Participant

    [quote=”Super Harley” post=13483][color=red][size=5][b]Stifel downgraded Lyft to ‘hold’ from ‘buy’
    [/b][/size][/color]
    Stifel said in its downgrade of the ride sharing company that it sees a more “balanced” risk/reward.

    “In reviewing our investment case for Lyft, we are challenged to continue to recommend shares at this time given the likely slow and uncertain path to recovery for the domestic ridehailing market. We think Lyft is managing as best as possible through this current period and do believe the company can emerge on the other side of this environment as a stronger, leaner company. We continue to support the company given secular growth trends, profit generation potential, and an innovation-focused t

    [/quote]

    [color=red][b]Market Summary > LYFT Inc
    NASDAQ: LYFT
    30.66 USD −2.07 (6.32%)[/b][/color]

    in reply to: We have Lyft Off For Most Anticipated IPO of 2019 #23655
    Super Harley
    Participant

    [color=red][size=5][b]Stifel downgraded Lyft to ‘hold’ from ‘buy’
    [/b][/size][/color]
    Stifel said in its downgrade of the ride sharing company that it sees a more “balanced” risk/reward.

    “In reviewing our investment case for Lyft, we are challenged to continue to recommend shares at this time given the likely slow and uncertain path to recovery for the domestic ridehailing market. We think Lyft is managing as best as possible through this current period and do believe the company can emerge on the other side of this environment as a stronger, leaner company. We continue to support the company given secular growth trends, profit generation potential, and an innovation-focused t

    in reply to: CrowdStrike IPO Hacks a 97% Gain on Debut #22703
    Super Harley
    Participant

    IPO share lockup periods expire

    CrowdStrike (NASDAQ:CRWD) on December 9,

    Note on CrowdStrike shares are up more than 50% from the level where the IPO was priced, this stock also had a wild 12% swing after it;s recent earnings guidance typo correction. https://traderscommunity.com/index.php/market-talk/1865-market-weekly-december-8-14-2019

    Super Harley
    Participant

    Uber’s safety report released Thursday revealed 5,981 reports of sexual assault during rides in 2017 and 2018, including 464 rape allegations.

    Report also notes that 19 people died in a physical assault during the same period.

    Uber claims 99.9 percent of rides happen without incident and that in 45 percent of sexual assault incidents, it’s the rider who is accused of wrongdoing.

    “The numbers are jarring and hard to digest,” Tony West, Uber’s chief legal officer, said about the findings in an interview. “What it says is that Uber is a reflection of the society it serves.”

    in reply to: CrowdStrike IPO Hacks a 97% Gain on Debut #22668
    Super Harley
    Participant

    CrowdStrike Violent Stock Action After earnings typo is corrected

    via Marketwatch

    Stock fell as much as 6% in after-hours trading, but swings to 6% gain after missing number in forecast is replaced

    CrowdStrike Holdings Inc. topped Wall Street estimates with quarterly results Thursday, and the cybersecurity company’s stock turned around after a typo in its outlook was corrected.

    CrowdStrike CRWD, -0.35% shares had been down as much as 6% in the extended session, but after a missing number in the company’s forecast was replaced, the stock swung to a gain of as much as 6%, and was last up 5.5%.

    That equates to a swing of roughly $1.38 billion in market capitalization, from a loss of about $718.5 million to an increase of about $657.5 million.

    CrowdStrike expects an adjusted loss of 9 cents to 8 cents a share on revenue of $135.9 million to $138.6 million in the fourth quarter, but the original press release dropped the 1 from the top end of that range, making it $38.6 million.

    “It was a typo related to the wire service,” George Kurtz, CrowdStrike co-founder and chief executive, told MarketWatch in an interview Thursday afternoon. “The release was reissued.”

    The company reported a third-quarter loss of $35.5 million, or 17 cents a share, compared with $42.3 million, or 93 cents a share, in the year-ago period. The adjusted loss was 7 cents a share. Revenue rose to $125.1 million from $66.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 11 cents a share on revenue of $118.8 million for the third quarter, and a loss of 11 cents a share on revenue of $127.2 million for the fourth quarter.

    Kurtz pointed to two “significant milestones” in the quarter, with annual recurring revenue, or ARR, growing 97% from last year and topping half a billion dollars, and positive cash flow in the quarter. ARR is a Software-as-a-Service metric that shows how much revenue the company can expect based on subscriptions. CrowdStrike reported ARR of $501.7 million for the quarter, while the Street expected $471 million, while the number of subscription customers jumped by 772, or 112% year-over-year, to a total of 4,561 customers.

    CrowdStrike noted its cash generated from operations surged to $38.6 million from $3.6 million in the year-ago period, as free-cash flow improved to $7 million from a deficit of $13.1 million in the year-ago period, as more subscribers adopt multiple cloud modules from the company, improving margins.

    “This, I think, is reflective of a very strong SaaS business,” Kurtz told MarketWatch. “You go through this curve where you have losses and then you begin to generate cash.”

    CrowdStrike raised its full-year forecast to a loss of 53 cents to 52 cents a share on revenue of $465.2 million to $468 million. Analysts had expected a loss of 63 cents a share on revenue of $450.2 million for the year.

    As of the close, CrowdStrike CRWD, -0.36% shares were 55% above their June IPO pricing, a far cry from the company’s last earnings report in September, when shares were 155% above the IPO price. Shares plunged 39% in the past three months, as the S&P 500 index SPX, +0.98% gained 4.8%.

    Of the 20 analysts who cover CrowdStrike, 12 have overweight or buy ratings, seven have hold ratings, and one has a sell rating, with an average price target of $79.90, according to FactSet data.

    Super Harley
    Participant

    Microsoft and NVIDIA partner to accelerate AI startups

    Today, Microsoft and NVIDIA announced partnership to accelerate AI startups. As part of this partnership, members of NVIDIA Inception and Microsoft for Startups can now receive all the benefits of both programs which include technology resources, training, go-to-market support and NVIDIA GPU credits in the Azure cloud.

    Microsoft for Startups is a global program that supports startups with technical resources, free cloud access, co-selling and access to Microsoft’s partner channel. NVIDIA Inception is a virtual accelerator program that supports startups harnessing GPUs for AI and data science applications.

    “This partnership will allow us to accelerate AI startups with NVIDIA’s deep technical expertise and market-leading GPU technology on Microsoft Azure, combined with both companies’ ability to connect startups with customers,” said Daniel Sevitt from Microsoft.

    NVIDIA Inception members are eligible for the following benefits from Microsoft for Startups:

    Free access to specific Microsoft technologies suited to every startup’s needs, including up to $120,000 in free credits in the Azure cloud
    Go-to-market resources to help startups sell alongside Microsoft’s global sales channels

    Microsoft for Startups members can access the following benefits from NVIDIA Inception:

    Technology expertise on implementing GPU applications and hardware
    Free access to NVIDIA Deep Learning Institute online courses, such as “Fundamentals of Deep Learning for Computer Vision” and “Accelerating Data Science”
    Unlimited access to DevTalk, a forum for technical inquiries and community engagement
    Go-to-market assistance and hardware discounts across the NVIDIA portfolio, from NVIDIA DGX AI systems to NVIDIA Jetson embedded computing platforms

    Super Harley
    Participant

    Five IPOs and two SPACs plan to raise $634 million in the week ahead.

    One of the leading makers of cryptocurrency mining equipment, Canaan (CAN) plans to raise $100 million at a $1.6 billion market cap. It originally filed to raise $400 million (and in 2018 was rumored to be targeting over $1 billion). The #2 player in the space, Canaan has shown that it’s capable of being highly profitable, with a 61% net margin in the 1Q18. However, its performance is heavily influenced by Bitcoin prices; a price slump earlier in the year caused Canaan’s sales to fall 96% in the 1Q19.

    The following IPOs are expected to price this week:

    Canaan (CAN), a leading maker of cryptocurrency mining equipment, plans to raise $100 million by offering 10.0 million ADSs at a price range of $9.00 to $11.00. At the midpoint of the proposed range, Canaan would command a market value of $1.6 billion. Canaan, which was founded in 2013, booked $1.2 billion in sales over the last 12 months. The Hangzhou, China-based company plans to list on the Nasdaq under the symbol CAN. Citi, China Renaissance, and CMB International Capital are the joint bookrunners on the deal.

Viewing 15 posts - 31 through 45 (of 131 total)