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Takeaways From 6 Zoom Video Analysts On Work-From-Home Stock's Big Q2 Beat
Tuesday, September 1, 2020 - 11:15am | 692Zoom Video Communications (NASDAQ: ZM) reported a blowout second quarter Monday that saw revenue up 355%. The company’s customer base grew by 458% to 370,200. Here's what the Street has to say. The Zoom Analysts: BTIG analyst Matt VanVliet upgraded Zoom from Neutral to Buy and added...
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4 Twilio Analysts On Cloud Company's Q2 Beat: 'Terrific Story'
Thursday, August 6, 2020 - 11:49am | 688Twilio Inc (NYSE: TWLO) reported second-quarter results Tuesday that were favorably driven by the COVID-19 pandemic, as its customers are scrambling to accelerate their digital transformation. Here's how the Street reacted to the print. The Twilio Analysts BofA Securities analyst...
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7 Best-Performing Stocks Of 2020: Buy, Sell Or Hold?
Sunday, April 26, 2020 - 6:05pm | 1185The S&P 500 has rallied hard off its March lows, but the index remains down 12.9% year-to-date overall. The near-term economic outlook amid the COVID-19 shutdown is still unclear, creating a lot of uncertainty on Wall Street. The International Monetary Fund recently cut its 2020 global economic...
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RingCentral Hits New All-Time High: Here's What The Street Has To Say
Tuesday, February 11, 2020 - 2:20pm | 607RingCentral Inc (NYSE: RNG) reported fourth-quarter results which sent shares flying to new all-time highs. Here is a summary of how some of the Street's top analysts reacted to the print. Review Ring's fourth quarter was highlighted by a subscription revenue beat of 5% versus a historical...
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8 Cloud Stocks To Own In 2020
Monday, January 27, 2020 - 10:00am | 1222One of the highest-growth secular tech trends of the 2020s will be cloud computing. Gartner projects global public cloud revenue will grow 17% in 2020 to $266.4 billion. Software-as-a-service (SaaS) is the largest segment, which Gartman projects will account for $116 billion in spending this year....
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Bank Of America: RingCentral's Partnership With Avaya Off To Strong Start
Monday, December 9, 2019 - 4:04pm | 349RingCentral Inc (NYSE: RNG) announced in October a strategic partnership with Avaya Holdings Corp (NYSE: AVYA) to introduce Avaya Cloud Office by RingCentral ("ACO") and early checks by BofA point to a positive start. The Analyst Bank of America analyst Nikolay Beliov maintains a Buy...
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Bank Of America Sees Buying Opportunity In Atlassian
Monday, October 28, 2019 - 1:26pm | 281Atlassian Corporation PLC (NASDAQ: TEAM) doesn't need to “perform heroics” to achieve a $10 billion revenue scale by fiscal 2027-2029, with Jira sustaining 30% growth and the company using tuck-in mergers and acquisitions to augment its portfolio in the large and fragmented DevOps...
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Sell-Side Sees Major Upside For RingCentral In Avaya Deal
Monday, October 7, 2019 - 1:56pm | 514Sell-side analysts were bullish Monday on RingCentral Inc. (NYSE: RNG) following the announcement last week of a “game-changing partnership” with Avaya Holdings Corp. (NYSE: AVYA) that could dramatically boost RingCentral’s market share and stock price. Ring Central investors...
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Analyst: Buy The Twilio Dip
Monday, September 30, 2019 - 10:38am | 479Twilio Inc (NYSE: TWLO) shares have gotten hammered of late, dropping 21.8% in the past three months. One Wall Street analyst said Monday that investors shouldn’t get too hung up on near-term issues and lose sight of the longer-term opportunity in Twilio. The Analyst Bank of America...
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The Sell-Side Digs Into Twilio Earnings
Thursday, August 1, 2019 - 2:31pm | 525Twilio Inc (NYSE: TWLO) reported in-line second-quarter EPS and revenue above analyst expectations. The company also issued third-quarter guidance above consensus estimates and said it reached a $1 billion annual revenue run rate in the second quarter for the first time. Twilio is up 56% year to...
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Analysts Point To Pivotal Software's Sales Execution Issues Following Mixed Q1
Wednesday, June 5, 2019 - 12:34pm | 920Pivotal Software Inc (NYSE: PVTL) reported a first-quarter loss Tuesday and issued below-consensus guidance for fiscal 2020. The Analysts Morgan Stanley analyst Sanjit Singh maintained an Overweight rating on Pivotal and lowered the price target from $26 to $18. Credit Suisse analyst Brad...
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Priced In? Analysts Weigh In On Twilio's Earnings, Sell-Off
Wednesday, May 1, 2019 - 12:33pm | 489Twilio Inc (NASDAQ: TWLO) stock dropped 4 percent Wednesday after the company reported first-quarter earnings and revenue beats. Twilio reported a first-quarter net loss of $36.5 million, a 54 percent wider loss than the same quarter a year ago. Adjusted EPS was 5 cents, slightly above consensus...
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Analysts Ride The Twilio Growth Train
Wednesday, February 13, 2019 - 1:02pm | 435Twilio Inc. (NYSE: TWLO) shares traded lower by 7 percent Wednesday after the company reported a mixed fourth quarter. Twilio’s Q4 revenue growth of 77 percent exceeded consensus analyst expectations, but EPS was only in-line with consensus. Twilio shares were up nearly 30 percent year-...
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Sell-Side Convinced Of Pivotal Software's Fundamentals In Wake Of Q3 Beat
Wednesday, December 12, 2018 - 12:04pm | 695Pivotal Software Inc (NYSE: PVTL) reported 30-percent year-over-year revenue growth and a narrower-than-expected loss for its fiscal third quarter on Tuesday. The Analysts Wedbush analyst Daniel Ives maintained an Outperform rating and $25 price target for Pivotal shares. Credit Suisse analyst...
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Bank Of America Thinks Twilio Can Reach $1B In Revenue By 2020
Wednesday, November 7, 2018 - 1:50pm | 297Shares of Twilio Inc. (NYSE: TWLO) surged more than 30 percent after the company presented better-than-expected revenue, earnings and 2019 guidance. The Analyst Bank of America analyst Nikolay Beliov reiterated a Buy rating and increased the price target from $87 to $92. The Thesis The company...