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Articles in “NYSE”

Yext (NYSE:YEXT) Reports Q1 In Line With Expectations, Stock Soars Cover Image
NYSE YEXT Earnings
Yext (NYSE:YEXT) Reports Q1 In Line With Expectations, Stock Soars

Adam Hejl 2023/06/06 8:13pm

Online reputation and search platform Yext (NYSE:YEXT) reported results in line with analyst expectations in Q1 FY2024 quarter, with revenue flat year on year at $99.5 million. Guidance for next quarter's revenue was $102 million at the midpoint, which is 1.86% above the analyst consensus. Yext made a GAAP loss of $412 thousand, improving on its loss of $25.8 million, in the same quarter last year. ... Continue Reading Continue Reading
Sprinklr (CXM) Stock Trades Up, Here Is Why Cover Image
NYSE CXM Why It Moves
Sprinklr (CXM) Stock Trades Up, Here Is Why

Anthony Lee 2023/06/06 1:20pm

What Happened: Shares of customer experience software provider Sprinklr (NYSE:CXM) jumped 7.04% in the morning session after the company reported first quarter results that beat analysts' estimates for revenue (both total revenue and subscription revenue) and non-GAAP operating profit. There was also a strong acceleration in contract wins. Looking ahead, revenue and non-GAAP operating income guidance for the next quarter and the full year came in roughly in line with Consensus. Overall, it was a solid quarter for the company, with management also touching on its AI capabilities. ... Continue Reading Continue Reading
Sprinklr (NYSE:CXM) Q1 Sales Beat Estimates, Stock Soars Cover Image
NYSE CXM Earnings
Sprinklr (NYSE:CXM) Q1 Sales Beat Estimates, Stock Soars

Adam Hejl 2023/06/05 8:18pm

Customer experience software provider Sprinklr (NYSE:CXM) reported Q1 FY2024 results topping analyst expectations, with revenue up 19.6% year on year to $173.4 million. The company expects that next quarter's revenue would be around $173 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Sprinklr made a GAAP profit of $2.81 million, improving on its loss of $25.3 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Are Palantir (PLTR) Shares Soaring Today Cover Image
NYSE PLTR Why It Moves
Why Are Palantir (PLTR) Shares Soaring Today

Adam Hejl 2023/06/05 3:46pm

What Happened: Shares of data-mining and analytics company Palantir (NYSE:PLTR) jumped 6.13% in the morning session after the company announced that it won a competitive process to provide technology tools to the US Special Operations Command (USSOCOM). USSOCOM performs special missions like counter-terrorism and rescue operations, and Palantir's enterprise software will help USSOCOM make sense of the huge amounts of data that it generates to improve decision making. The contract, which spans multiple years, has a potential value of $463 million. Additionally in the release, Palantir spoke about its ongoing innovation efforts by highlighting "...advancements in Large Language Models (LLMs) to reduce cognitive load on warfighters and commanders; as well as advancements in edge processing and edge AI to maximize the warfighter's ability to integrate and utilize real-time information." ... Continue Reading Continue Reading
Why Are Snowflake (SNOW) Shares Soaring Today Cover Image
NYSE SNOW Why It Moves
Why Are Snowflake (SNOW) Shares Soaring Today

Jabin Bastian 2023/06/02 3:50pm

What Happened: Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW) jumped 7.42% in the morning session after MongoDB reported a beat-and-raise quarter where key metrics broadly exceeded expectations and guidance was strong. Consumption-based revenue models in SaaS such as MongoDB, Datadog, Snowflake, and certain of Cloudflare's products have been much debated--will an uneven macro hurt these companies as customers cut headcount and streamline spend or will ongoing increases in demand be reflected much faster than with traditional subscription models? MongoDB's earnings results show that demand is healthy, and while there may be cost containment efforts, they are not hindering the company's results. Additionally, there's a case to be made that demand for AI and the technology load that AI creates is a peripheral benefit to SaaS companies that enable data & analytics, infrastructure monitoring, and that are generally pickaxes for software engineers and developers. ... Continue Reading Continue Reading
Why PagerDuty (PD) Stock Is Nosediving Cover Image
NYSE PD Why It Moves
Why PagerDuty (PD) Stock Is Nosediving

Anthony Lee 2023/06/02 2:02pm

What Happened:Shares of IT incident response platform PagerDuty (NYSE:PD) fell 17.1% in the afternoon session after the company reported first quarter revenue that narrowly beat analysts' revenue estimates. Earnings per share, gross margin, and free cash flow were ahead of Consensus. However, the revenue guidance was weak. Next quarter revenue guidance came in below Consensus, and the full year revenue guidance also missed and was lowered. It is always a worrisome sign when a company reduces revenue guidance, and in this case, the nearly 5% reduction in full year revenue outlook is a key reason for the stock's move. Profitability outlook was better as the full year EPS guidance came in ahead and was raised to $0.60 - $0.65 (up from $0.45 and $0.50), showing that at least with weaker revenue prospects, the company is prioritizing expense efficiency. It sounds like the macro weighed on results, with cost-conscious customers resulting in longer sales cycles, smaller deal sizes, and lower conversion rates. Overall it was a mixed quarter and it seemed the market was laser-focused on the revenue outlook. ... Continue Reading Continue Reading
Why Guidewire Software (GWRE) Shares Are Trading Lower Today Cover Image
NYSE GWRE Why It Moves
Why Guidewire Software (GWRE) Shares Are Trading Lower Today

Radek Strnad 2023/06/02 2:02pm

What Happened:Shares of insurance industry-focused software maker Guidewire (NYSE:GWRE) fell 5.24% in the after-market session after the company reported third quarter results that missed analysts' revenue estimates. Cash burn increased and gross margin deteriorated compared to the previous quarter. However, earnings per share (EPS) beat. Moving ahead, revenue guidance for the next quarter was roughly in line, while full-year revenue guidance was below expectations. Profitability outlook was better as management raised the operating profit outlook. As a result, operating profit guidance came in ahead of expectations and this was attributed to higher cloud margins and ongoing cost discipline, which outweighed lower services revenue and margin. Overall, it was a mixed quarter, but the market seems more focused on the weak topline results and outlook than anything else. ... Continue Reading Continue Reading
Why SentinelOne (S) Shares Are Trading Lower Today Cover Image
NYSE S Why It Moves
Why SentinelOne (S) Shares Are Trading Lower Today

Anthony Lee 2023/06/02 2:02pm

What Happened:Shares of cyber security company SentinelOne (NYSE:S) fell 34.9% in the after-market session after the company reported first-quarter results that missed analysts' revenue estimates. Earnings per share (EPS) beat. However, the company continued to burn cash. Guidance was also weak. Revenue guidance for the next quarter was below Consensus. Full year guidance revenue was lowered and also came in below expectations. Lowering guidance is always a worrisome sign, and the company reducing full year revenue guidance by more than 6% is also a meaningful magnitude. Additionally, operating margin guidance was maintained on the lower revenues; it would have been much more comforting had margins increased, showing that the company was perhaps prioritizing profits and efficiency over growth at all costs. Management called out a difficult macro backdrop and acknowledged that the quarter was a "tough" one. The overall results and commentary were weak, with the topline miss and underwhelming guidance providing little reason to be optimistic. ... Continue Reading Continue Reading
Guidewire Software (NYSE:GWRE) Misses Q3 Sales Targets Cover Image
NYSE GWRE Earnings
Guidewire Software (NYSE:GWRE) Misses Q3 Sales Targets

Petr Huřťák 2023/06/01 8:20pm

Insurance industry-focused software maker Guidewire (NYSE:GWRE) missed analyst expectations in Q3 FY2023 quarter, with revenue up 5.09% year on year to $207.5 million. Guidance for the next quarter also missed analyst expectations with revenues guided to $260 million at the midpoint, or 0.53% below analyst estimates. Guidewire Software made a GAAP loss of $45.6 million, improving on its loss of $57.4 million, in the same quarter last year. ... Continue Reading Continue Reading
PagerDuty (NYSE:PD) Reports Q1 In Line With Expectations But Stock Drops 15.3% Cover Image
NYSE PD Earnings
PagerDuty (NYSE:PD) Reports Q1 In Line With Expectations But Stock Drops 15.3%

Anthony Lee 2023/06/01 8:18pm

IT incident response platform PagerDuty (NYSE:PD) reported results in line with analyst expectations in Q1 FY2024 quarter, with revenue up 20.9% year on year to $103.2 million. However, guidance for the next quarter was less impressive, coming in at $104.5 million at the midpoint, being 3.78% below analyst estimates. PagerDuty made a GAAP loss of $12.8 million, improving on its loss of $32.8 million, in the same quarter last year. ... Continue Reading Continue Reading
SentinelOne (NYSE:S) Misses Q1 Revenue Estimates, Stock Drops 32.5% Cover Image
NYSE S Earnings
SentinelOne (NYSE:S) Misses Q1 Revenue Estimates, Stock Drops 32.5%

Adam Hejl 2023/06/01 8:15pm

Cyber security company SentinelOne (NYSE:S) missed analyst expectations in Q1 FY2024 quarter, with revenue up 70.5% year on year to $133.4 million. Guidance for the next quarter also missed analyst expectations with revenues guided to $141 million at the midpoint, or 7.28% below analyst estimates. SentinelOne made a GAAP loss of $106.9 million, down on its loss of $89.8 million, in the same quarter last year. ... Continue Reading Continue Reading
Asana (NYSE:ASAN) Exceeds Q1 Expectations But Stock Drops Cover Image
NYSE ASAN Earnings
Asana (NYSE:ASAN) Exceeds Q1 Expectations But Stock Drops

Jabin Bastian 2023/06/01 8:13pm

Work management software maker Asana (NYSE: ASAN) reported results ahead of analyst expectations in the Q1 FY2024 quarter, with revenue up 26.3% year on year to $152.4 million. The company expects that next quarter's revenue would be around $158 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Asana made a GAAP loss of $61.5 million, improving on its loss of $98.9 million, in the same quarter last year. ... Continue Reading Continue Reading
Elastic's (NYSE:ESTC) Posts Q4 Sales In Line With Estimates But Stock Drops Cover Image
NYSE ESTC Earnings
Elastic's (NYSE:ESTC) Posts Q4 Sales In Line With Estimates But Stock Drops

Anthony Lee 2023/06/01 8:12pm

Search software company Elastic (NYSE:ESTC) reported results in line with analyst expectations in Q4 FY2023 quarter, with revenue up 17% year on year to $279.9 million. The company expects that next quarter's revenue would be around $284.5 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Elastic made a GAAP loss of $46.7 million, improving on its loss of $65.6 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Salesforce (CRM) Shares Are Falling Today Cover Image
NYSE CRM Why It Moves
Why Salesforce (CRM) Shares Are Falling Today

Adam Hejl 2023/06/01 2:03pm

What Happened: Shares of customer relationship management software maker Salesforce (NYSE:CRM) fell 5.85% in the after-market session after the company reported first quarter results that beat analysts' revenue, remaining performance obligations (RPO, a leading indicator of revenue), free cash flows, and earnings per share expectations (EPS) expectations. On the other hand, revenue guidance for the full year was reiterated and slightly missed analysts' expectations while implied full-year non-GAAP operating profit was ahead. For the next quarter, revenue and cRPO (current RPO) were roughly in line. Management highlighted plans to infuse AI into its entire product portfolio, but also pointed to macro uncertainty, longer deal cycles, deal compression, and some project delays. Overall, it was a solid quarter with slightly underwhelming guidance, and some cautious commentary. ... Continue Reading Continue Reading
Veeva Systems (VEEV) Shares Skyrocket, What You Need To Know Cover Image
NYSE VEEV Why It Moves
Veeva Systems (VEEV) Shares Skyrocket, What You Need To Know

Radek Strnad 2023/06/01 2:02pm

What Happened: Shares of healthcare software provider Veeva Systems (NASDAQ:VEEV) jumped 8.37% in the after-market session after the company reported a "beat and raise quarter." First quarter results exceeded analysts' expectations across key metrics, including revenue, subscription revenue, free cash flow, and earnings per share (EPS). However, gross margin deteriorated. Moving ahead, revenue and operating income guidance for the next quarter were roughly in line with Consensus. Additionally, the FY'2024 revenue guidance was raised and in line with expectations. Management expressed optimism regarding the company's outlook, adding that "We see momentum in multiple product categories, which positions us well to deliver durable and profitable growth through 2025 and beyond." Overall, it was a decent quarter for the company, with strong financial results and positive guidance, especially considering some of the mediocre quarters and cautious commentary from other software companies that reported the same day. ... Continue Reading Continue Reading
Why C3.ai (AI) Shares Are Trading Lower Today Cover Image
NYSE AI Why It Moves
Why C3.ai (AI) Shares Are Trading Lower Today

Petr Huřťák 2023/06/01 2:02pm

What Happened: Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) fell 11.3% in the after market session after the company reported fourth-quarter results that beat analysts' revenue and earnings per share expectations. Note that the company positively pre-announced some key Q4 metrics on May 15, 2023, about two weeks prior to officially reporting the quarter. With the full details of the quarter, key negatives included misses on key topline metrics like subscription revenue and remaining performance obligations (RPO, a leading indicator of revenue). The headline total revenue beat that was pre-announced was therefore driven by professional services revenue and considered a lower-quality beat (as opposed to a beat driven by subscription revenue, which is recurring in nature). Guidance was also mediocre. C3.ai's revenue guidance for the next quarter was roughly in line, but non-GAAP operating loss guidance was worse. Full year revenue guidance missed analysts' expectations. Non-GAAP operating loss guidance for the full year was roughly in line despite the revenue guidance miss. Overall, the results could have been better, especially given the hope baked into a stock whose ticker is AI and who has spoken at length about the AI tailwinds to the business. ... Continue Reading Continue Reading
C3.ai (NYSE:AI) Surprises With Q4 Sales But Stock Drops 13.9% Cover Image
NYSE AI Earnings
C3.ai (NYSE:AI) Surprises With Q4 Sales But Stock Drops 13.9%

Radek Strnad 2023/05/31 9:00pm

Artificial intelligence (AI) software company C3.ai (NYSE:AI) announced better-than-expected results in the Q4 FY2023 quarter, with revenue flat year on year at $72.4 million. The company expects that next quarter's revenue would be around $71.3 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. C3.ai made a GAAP loss of $65 million, down on its loss of $58.4 million, in the same quarter last year. ... Continue Reading Continue Reading
Salesforce's (NYSE:CRM) Q1 Earnings Results: Revenue In Line With Expectations Cover Image
NYSE CRM Earnings
Salesforce's (NYSE:CRM) Q1 Earnings Results: Revenue In Line With Expectations

Kayode Omotosho 2023/05/31 8:10pm

Customer relationship management software maker Salesforce (NYSE:CRM) reported results in line with analyst expectations in Q1 FY2024 quarter, with revenue up 11.3% year on year to $8.25 billion. The company expects that next quarter's revenue would be around $8.52 billion, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Salesforce made a GAAP profit of $199 million, improving on its profit of $28 million, in the same quarter last year. ... Continue Reading Continue Reading
Veeva Systems's (NYSE:VEEV) Q1 Sales Top Estimates But Gross Margin Drops Cover Image
NYSE VEEV Earnings
Veeva Systems's (NYSE:VEEV) Q1 Sales Top Estimates But Gross Margin Drops

Radek Strnad 2023/05/31 8:08pm

Healthcare software provider Veeva Systems (NASDAQ:VEEV) reported Q1 FY2024 results that beat analyst expectations, with revenue up 4.2% year on year to $526.3 million. The company expects that next quarter's revenue would be around $581 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Veeva Systems made a GAAP profit of $131.5 million, improving on its profit of $100.1 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Twilio (TWLO) Stock Is Trading Up Today Cover Image
NYSE TWLO Why It Moves
Why Twilio (TWLO) Stock Is Trading Up Today

Anthony Lee 2023/05/31 2:03pm

What Happened: Shares of cloud communications infrastructure company Twilio (NYSE:TWLO) jumped 5.12% in the after-market session after Legion Partners' stake, potential demands, and the upcoming changes to TWLO's share class structure came to light. Typically, activist investors take stakes in companies and push for changes such as management refreshes, business/asset divestitures, or a recalibrating of investment priorities, among other moves. While the ~600K shares or ~$40 million stake that Legion Partners disclosed in its Q1 2023 13-F filing is not large, it comes less than a month from the impending collapse of the company's dual-class structure, which could make it easier for Legion or additional activists to exert influence. ... Continue Reading Continue Reading
C3.ai (AI) Stock Trades Up, Here Is Why Cover Image
NYSE AI Why It Moves
C3.ai (AI) Stock Trades Up, Here Is Why

Kayode Omotosho 2023/05/30 9:18pm

What Happened: Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) jumped 33.5% in the afternoon session after Wall Street analysts continued to project huge gains in the artificial intelligence market. Sentiments continued to improve as the market digested the outstanding first quarter results and guidance reported by Nvidia. C3.ai saw a surge in trading activity, as over 91M shares were traded, quadrupling the average daily volume. ... Continue Reading Continue Reading
Box (NYSE:BOX) Posts Better-Than-Expected Sales In Q1 But Full Year Guidance Underwhelms Cover Image
NYSE BOX Earnings
Box (NYSE:BOX) Posts Better-Than-Expected Sales In Q1 But Full Year Guidance Underwhelms

Petr Huřťák 2023/05/30 8:19pm

Cloud content storage and management platform Box (NYSE:BOX) reported Q1 FY2024 results that beat analyst expectations, with revenue up 5.65% year on year to $251.9 million. The company expects that next quarter's revenue would be around $261 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Box made a GAAP profit of $8.35 million, improving on its loss of $4.7 million, in the same quarter last year. ... Continue Reading Continue Reading
Wayfair (W) Stock Trades Up, Here Is Why Cover Image
NYSE W Why It Moves
Wayfair (W) Stock Trades Up, Here Is Why

Jabin Bastian 2023/05/30 3:43pm

What Happened: Shares of online home goods retailer Wayfair (NYSE: W) jumped 5.55% in the after-market session after JPMorgan added the stock to its Analyst Focus List. In January 2023, JP Morgan upgraded its rating on the company from Underweight (Sell) to Overweight (Buy) and raised the price target from $35 to $63. This "double upgrade" raised eyebrows since it was a 180-degree turn in JP Morgan's view of Wayfair. This addition to the Focus List further showed confidence in the stock over the next year or so, which is typically the time horizon on which Wall Street analysts focus. ... Continue Reading Continue Reading
Why Is Alteryx (AYX) Stock Soaring Today Cover Image
NYSE AYX Why It Moves
Why Is Alteryx (AYX) Stock Soaring Today

Kayode Omotosho 2023/05/30 3:43pm

What Happened: Shares of data analytics and automation platform Alteryx jumped 5.17% in the morning session after the company secured a spot on Oppenheimer's top picks list. In April 2023, Oppenheimer maintained an Outperform (Buy) rating after Alteryx reported first-quarter earnings results, but this action showed an increased level of confidence in the stock over the next year, which is typically the time horizon on which Wall Street analysts focus. After the initial pop the shares cooled down to $37.47, up 4.61% from previous close. ... Continue Reading Continue Reading
Why Are ServiceNow (NOW) Shares Soaring Today Cover Image
NYSE NOW Why It Moves
Why Are ServiceNow (NOW) Shares Soaring Today

Radek Strnad 2023/05/25 6:59pm

What Happened: Shares of enterprise workflow software maker ServiceNow (NYSE:NOW) jumped 5% in the mid-day session after Nvidia delivered an exceptional quarter that topped analysts' estimates across key metrics. Most impressively, guidance for next quarter's revenue was over 50% higher than Consensus at the time. ServiceNow spent considerable time during its mid-May analyst day speaking of its investments and growing capabilities in AI. In mid may 2023, ServiceNow announced a partnership with Nvidia to improve its generative AI capabilities using large language models provided by the graphics chips maker. ... Continue Reading Continue Reading
Why Snowflake (SNOW) Stock Is Falling Today Cover Image
NYSE SNOW Why It Moves
Why Snowflake (SNOW) Stock Is Falling Today

Adam Hejl 2023/05/25 1:34pm

What Happened: Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW) fell 13.4% in the after-market session after the company reported first-quarter revenue, product revenue, and earnings per share (EPS) that surpassed analysts' expectations. Gross margin also improved. However, net retention rate deteriorated. In addition, both next quarter and full year guidance for product revenue and operating income margin missed expectations--this is the major driver of the stock move down. Product revenue guidance was lowered, with the company observing slower-than-expected revenue growth since Easter, as customers remained hesitant to sign large multi-year deals. Overall, it was a complicated quarter for Snowflake with a weak near-term outlook. ... Continue Reading Continue Reading
Why UiPath (PATH) Stock Is Trading Up Today Cover Image
NYSE PATH Why It Moves
Why UiPath (PATH) Stock Is Trading Up Today

Adam Hejl 2023/05/25 1:34pm

What Happened: Shares of automation software company UiPath (NYSE:PATH) jumped 6.55% in the pre-market session after the company reported first-quarter revenue and earnings per share (EPS) that surpassed analysts' expectations. Revenue benefited a bit from an accounting change, and hence, ARR was more inline. The key negative was that revenue guidance for the next quarter fell below Consensus, and this seems to be the market's focus. Full year revenue guidance was ahead, and free cash flow stayed positive, marking the second straight quarter of cash inflows. Additionally, profitability improved, with both gross margin and operating income margin ahead of expectations. Overall, the quarter was fine, but the guidance left the market uneasy. Bigger picture, there is likely some skepticism around the overall market for process automation and UiPath's role within that market. After the initial pop the shares cooled down to $14.01, down 14.3% from previous close. ... Continue Reading Continue Reading
Zuora (ZUO) Stock Trades Up, Here Is Why Cover Image
NYSE ZUO Why It Moves
Zuora (ZUO) Stock Trades Up, Here Is Why

Anthony Lee 2023/05/25 1:34pm

What Happened:Shares of subscription management platform Zuora (NYSE:ZUO) jumped 7.64% in the after-market session after the company reported first-quarter revenue and earnings per share that surpassed analysts' expectations. There was a significant turnaround in free cash flow, with the company achieving positive results, which is a notable improvement compared to the increasing cash burn experienced in the previous three quarters. The company provided favorable guidance for the next quarter, surpassing Consensus estimates for revenue. Additionally, the full-year revenue guidance was in line with expectations. The profitability guidance was also encouraging, as the projected earnings per share for both the next quarter and the full year were roughly in line with market expectations. ... Continue Reading Continue Reading
Zuora's (NYSE:ZUO) Posts Q1 Sales In Line With Estimates, Stock Soars Cover Image
NYSE ZUO Earnings
Zuora's (NYSE:ZUO) Posts Q1 Sales In Line With Estimates, Stock Soars

Radek Strnad 2023/05/24 8:26pm

Subscription management platform Zuora (NYSE:ZUO) reported results in line with analyst expectations in Q1 FY2024 quarter, with revenue up 10.6% year on year to $103.1 million. Guidance for next quarter's revenue was $108.8 million at the midpoint, which is 1.91% above the analyst consensus. Zuora made a GAAP loss of $19.3 million, improving on its loss of $23.2 million, in the same quarter last year. ... Continue Reading Continue Reading
UiPath (NYSE:PATH) Q1 Sales Beat Estimates But Stock Drops 11.3% On Mixed Guidance Cover Image
NYSE PATH Earnings
UiPath (NYSE:PATH) Q1 Sales Beat Estimates But Stock Drops 11.3% On Mixed Guidance

Radek Strnad 2023/05/24 8:16pm

Automation software company UiPath (NYSE:PATH) reported Q1 FY2024 results topping analyst expectations, with revenue up 18.2% year on year to $289.6 million. The company expects that next quarter's revenue would be around $281.5 million, which is the midpoint of the guidance range. That was slightly under analyst expectations. UiPath made a GAAP loss of $31.9 million, improving on its loss of $122.6 million, in the same quarter last year. ... Continue Reading Continue Reading
LiveRamp (NYSE:RAMP) Reports Sales Below Analyst Estimates In Q4 Earnings Cover Image
NYSE RAMP Earnings
LiveRamp (NYSE:RAMP) Reports Sales Below Analyst Estimates In Q4 Earnings

Adam Hejl 2023/05/24 8:14pm

Advertising data platform LiveRamp (NYSE:RAMP) missed analyst expectations in Q4 FY2023 quarter, with revenue up 4.87% year on year to $148.6 million. Guidance for the next fiscal year also slightly missed analyst expectations with revenues guided to $615 million at the midpoint, or 1.07% below analyst estimates. LiveRamp made a GAAP loss of $31.4 million, down on its loss of $29.4 million, in the same quarter last year. ... Continue Reading Continue Reading
Why New Relic (NEWR) Shares Are Getting Obliterated Today Cover Image
NYSE NEWR Why It Moves
Why New Relic (NEWR) Shares Are Getting Obliterated Today

Jabin Bastian 2023/05/24 2:13pm

What Happened: Shares of application performance management software company New Relic (NYSE:NEWR) fell 5.97% in the pre-market session after the company reported fourth quarter results that beat analysts' expectations for revenue and earnings per share (EPS). Additionally, there was an improvement in gross margin, and the company generated strong free cash flow, bucking the trend of cash burn observed in the past two quarters. However, the revenue guidance provided for the upcoming quarter and the full year both fell short of Consensus expectations. Despite this, bottom line guidance remained strong, as the operating income guidance for the next quarter and full year exceeded estimates. The market seemed primarily concerned with the weak sales outlook. Nonetheless, management offered updates regarding the transition to a consumption-based model, which has impacted the topline. ... Continue Reading Continue Reading
New Relic (NYSE:NEWR) Reports Q4 In Line With Expectations But Stock Drops Cover Image
NYSE NEWR Earnings
New Relic (NYSE:NEWR) Reports Q4 In Line With Expectations But Stock Drops

Anthony Lee 2023/05/23 8:11pm

Application performance management software company New Relic (NYSE:NEWR) reported results in line with analyst expectations in Q4 FY2023 quarter, with revenue up 17.9% year on year to $242.5 million. However, guidance for the next quarter was less impressive, coming in at $239 million at the midpoint, being 4.87% below analyst estimates. New Relic made a GAAP loss of $52.5 million, improving on its loss of $56.4 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Farfetch (FTCH) Stock Is Trading Up Today Cover Image
NYSE FTCH Why It Moves
Why Farfetch (FTCH) Stock Is Trading Up Today

Kayode Omotosho 2023/05/19 1:19pm

What Happened: Shares of online luxury marketplace Farfetch (NYSE: FTCH) jumped 12.4% in the after-market session after the company reported first-quarter results that beat analysts' expectations for revenue and earnings per share. Gross merchandise value (GMV) also beat by nearly 4%. Additionally, GMV guidance for the full year was nearly 3% ahead of Consensus. While adjusted EBITDA in the quarter was relatively in line, full year guidance was ahead. Overall, the quarterly results were quite positive, especially after the prior quarter showed a worrisome year on year decline in revenue but this quarter broke that trend, showing positive growth. Management capped the solid quarter with comments about a commitment to "a return to profitability and positive free cash flow." ... Continue Reading Continue Reading
Why Is ServiceNow (NOW) Stock Rocketing Higher Today Cover Image
NYSE NOW Why It Moves
Why Is ServiceNow (NOW) Stock Rocketing Higher Today

Jabin Bastian 2023/05/17 6:53pm

What Happened: Shares of enterprise workflow software maker ServiceNow (NYSE:NOW) jumped 5.23% in the afternoon session after the company announced its first-ever share buyback program during its investor day. The program enabled the purchase of up to $1.5 billion in shares of common stock. Management added that "given the current macro environment and our strong cash flow generation, we believe that using a portion of our free cash flow to manage dilution is a strategic use of capital. This program reflects our conviction in the trajectory of our business and our commitment to driving exceptional shareholder value." ... Continue Reading Continue Reading
Why Doximity (DOCS) Shares Are Sliding Today Cover Image
NYSE DOCS Why It Moves
Why Doximity (DOCS) Shares Are Sliding Today

Petr Huřťák 2023/05/17 1:00pm

What Happened: Shares of healthcare professional network Doximity (NYSE:DOCS) fell 10.8% in the after-market session after the company reported fourth-quarter results that narrowly surpassed analysts' revenue estimates. Gross margin, free cash flow, and EPS also beat. However, revenue and adjusted EBITDA guidance for the next quarter were below the Consensus, though the full-year guidance came in above estimates for both metrics. The results revealed a notable slowdown in revenue growth as the demand for healthcare services continued to normalize, moving away from the pandemic-induced surge. ... Continue Reading Continue Reading
Dynatrace (DT) Stock Trades Up, Here Is Why Cover Image
NYSE DT Why It Moves
Dynatrace (DT) Stock Trades Up, Here Is Why

Radek Strnad 2023/05/17 1:00pm

What Happened: Shares of application performance monitoring software provider Dynatrace (NYSE:DT) jumped 9.76% in the after-market session after the company reported fourth-quarter results that exceeded analysts' estimates for key topline metrics, including revenue, subscription revenue and annual recurring revenue (ARR). Profitability metrics also came in strong, with operating income and free cash flow surpassing estimates. In addition, earnings per share (EPS) beat by an impressive 17%. Moving ahead, revenue guidance for the next quarter and full year were above Consensus. However, the EPS guidance for the next quarter and full year were roughly in line. Overall, it was a solid quarter, with the provided guidance indicating the company's ability to generate profits and cash flows in the near term. ... Continue Reading Continue Reading
Dynatrace (NYSE:DT) Surprises With Q4 Sales, Provides Optimistic Full Year Guidance Cover Image
NYSE DT Earnings
Dynatrace (NYSE:DT) Surprises With Q4 Sales, Provides Optimistic Full Year Guidance

Kayode Omotosho 2023/05/17 10:37am

Application performance monitoring software provider Dynatrace (NYSE:DT) beat analyst expectations in Q4 FY2023 quarter, with revenue up 24.5% year on year to $314.5 million. Guidance for next quarter's revenue was $326.5 million at the midpoint, 2.43% above the average of analyst estimates. Dynatrace made a GAAP profit of $80.3 million, improving on its profit of $929 thousand, in the same quarter last year. ... Continue Reading Continue Reading
Doximity's (NYSE:DOCS) Q4 Earnings Results: Revenue In Line With Expectations But Stock Drops Cover Image
NYSE DOCS Earnings
Doximity's (NYSE:DOCS) Q4 Earnings Results: Revenue In Line With Expectations But Stock Drops

Radek Strnad 2023/05/16 8:07pm

Healthcare professional network Doximity (NYSE:DOCS) reported results in line with analyst expectations in Q4 FY2023 quarter, with revenue up 18.5% year on year to $111 million. Guidance for the full year also exceeded estimates, however the guidance for the next quarter was less impressive, coming in at $107 million, 4.28% below analyst estimates. Doximity made a GAAP profit of $30.7 million, down on its profit of $36.7 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Sea Limited (SE) Stock Is Trading Lower Today Cover Image
NYSE SE Why It Moves
Why Sea Limited (SE) Stock Is Trading Lower Today

Adam Hejl 2023/05/16 1:03pm

What Happened: Shares of e-commerce and gaming company Sea Limited (NYSE:SE) fell 9.89% in the after-market session after the company reported first-quarter revenue that came in roughly in line with analysts' expectations, reflecting modest topline growth in the mid-single digits, primarily due to a slowdown in the digital entertainment segment. In addition to muted topline growth, another negative was that active users and paying users both saw meaningful declines year over year, the former a 20% decline and the latter a nearly 40% decline. Gross margin missed. Adjusted EBITDA beat but within the details, the picture was mixed. Ecommerce adjusted EBITDA exceeded estimates while digital entertainment missed. EPS missed. Looking ahead, management did not provide guidance but said that "as we continue to fine-tune our operations and navigate near-term macro uncertainties, we remain highly confident in the long-term opportunities in our markets and our ability to capture those profitably." ... Continue Reading Continue Reading
Why Is C3.ai (AI) Stock Soaring Today Cover Image
NYSE AI Why It Moves
Why Is C3.ai (AI) Stock Soaring Today

Kayode Omotosho 2023/05/15 3:14pm

What Happened: Shares of artificial intelligence (AI) software company C3.ai (NYSE:AI) jumped 5.56% in the pre-market session after the company revealed in a press release that fourth-quarter revenue and operating income are expected to exceed the previous guidance and Consensus. Free cash flow is also expected to be strong and positive, ahead of analysts' expectations for continued cash burn. This marks a rare quarter of cash inflow. Management provided some updates on the AI market, noting that "Overall business environment for enterprise AI is more active than we have seen since the company's inception and seems to be accelerating. Interest in applying predictive analytics to business processes has never been greater. This manifested in significantly increased business activity at C3 AI. During the quarter, we closed 43 deals, including 19 pilots that were initiated in Q4 FY 23." Given the impressive guidance and the positive momentum in the AI sector, the market is expected to react favorably to the results. ... Continue Reading Continue Reading
Why Twilio (TWLO) Shares Are Sliding Today Cover Image
NYSE TWLO Why It Moves
Why Twilio (TWLO) Shares Are Sliding Today

Petr Huřťák 2023/05/12 4:09pm

What Happened: Shares of cloud communications infrastructure company Twilio (NYSE:TWLO) fell 5.18% in the morning session after analyst Siti Panigrahi of Mizuho downgraded the stock's rating from Buy to Neutral (Hold) and lowered the price target from $90 to $55, which is a meaningful reduction. The analyst added that Twilio's weaker-than-expected guidance highlighted a "difficult macro backdrop." As a reminder, TWLO's guidance provided when the company reported implies a major deceleration in the business. While operating profit targets were increased, the market was spooked by the underwhelming topline outlook. While this earnings season has been mixed overall and for SaaS specifically, TWLO's guidance stood out as particularly jarring to the downside. ... Continue Reading Continue Reading
8x8 (EGHT) Stock Trades Down, Here Is Why Cover Image
NYSE EGHT Why It Moves
8x8 (EGHT) Stock Trades Down, Here Is Why

Jabin Bastian 2023/05/12 12:59pm

What Happened: Shares of business communications software company 8x8 (NYSE:EGHT) fell 7.12% in the after-market session after the company reported fourth-quarter sales that missed analysts' estimates, with revenue growth remaining weak. On a brighter note, earnings per share beat by an impressive 23%. Gross margin also rose, surpassing estimates. Revenue guidance for the next quarter and full year missed Consensus. However, guidance for operating income beat, and the full year operating income guidance was raised. Management highlighted the focus on driving business efficiency, adding that "we continued to invest in innovation while reducing our service delivery costs and increasing operational efficiency across the organization." While the improvements in profitability margins and an increase in full-year operating income guidance may appeal to investors, the weak revenue growth is likely to have subdued the overall market sentiment. ... Continue Reading Continue Reading
8x8 (NYSE:EGHT) Misses Q4 Revenue Estimates Cover Image
NYSE EGHT Earnings
8x8 (NYSE:EGHT) Misses Q4 Revenue Estimates

Adam Hejl 2023/05/11 8:52pm

Business communications software company 8x8 (NYSE:EGHT) missed analyst expectations in Q4 FY2023 quarter, with revenue up 1.74% year on year to $184.5 million. Guidance for the next quarter also missed analyst expectations with revenues guided to $187 million at the midpoint, or 1.71% below analyst estimates. 8x8 made a GAAP loss of $9.43 million, improving on its loss of $45.6 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Are DoubleVerify (DV) Shares Soaring Today Cover Image
NYSE DV Why It Moves
Why Are DoubleVerify (DV) Shares Soaring Today

Radek Strnad 2023/05/11 1:31pm

What Happened:Shares of digital media measurement and analytics provider DoubleVerify (NYSE:DV) jumped 5.92% in the after-market session after the company reported a "beat and raise" quarter. First quarter results exceeded analysts' revenue, adjusted EBITDA, and earnings per share estimates. Outperformance was driven by strength in measurement revenue which was well ahead of expectations and was a result of customer expansions on social as well as new enterprise customers signed in FY22. Revenue and EBITDA guidance for the next quarter were in line with Consensus. Additionally, the full-year revenue guidance was lifted and came in ahead of estimates. Overall, the Q1 results and guidance were impressive, considering the uncertain macro called out by some peers. ... Continue Reading Continue Reading
Why Is Unity (U) Stock Rocketing Higher Today Cover Image
NYSE U Why It Moves
Why Is Unity (U) Stock Rocketing Higher Today

Petr Huřťák 2023/05/11 1:31pm

What Happened:Shares of game engine maker Unity (NYSE:U) jumped 11% in the after-market session after the company reported a "beat and raise" quarter. First quarter results exceeded analysts' revenue, adjusted EBITDA, and earnings per share estimates. However, the company continued to burn cash, and gross margin deteriorated. Revenue guidance for the next quarter came in above Consensus, and the full year guidance was lifted. Adjusted EBITDA guidance also exceeded estimates for the next quarter and the full year. Management added more color to the guidance, noting that "for the balance of 2023, we expect revenue to grow faster than the markets in which we compete, with steady and meaningful continued progress on profitability." This is bullish as it signals market share gains while also achieving operating leverage on expenses. Also the strong guidance should give investors additional reason to be optimistic. ... Continue Reading Continue Reading
Why Fiverr (FVRR) Stock Is Trading Up Today Cover Image
NYSE FVRR Why It Moves
Why Fiverr (FVRR) Stock Is Trading Up Today

Adam Hejl 2023/05/11 1:30pm

What Happened:Shares of online freelance marketplace Fiverr (NYSE: FVRR) jumped 10.9% in the after-market session after the company reported first-quarter revenue that narrowly beat analysts' estimates. Fiverr also exceeded projections in key areas, including free cash flow, adjusted EBITDA, and earnings per share (EPS). Management reminded the market that it was the "highest quarterly adjusted EBITDA with double digit adjusted EBITDA margin, even as Q1 seasonally marks the heaviest investment outlay across the entire year." The company also raised full year guidance for revenue and adjusted EBITDA, both of which were better than expectations at the midpoint. Additionally, next quarter's revenue and adjusted EBITDA similarly beat. This was a nice "beat and raise" quarter for the company which should leave investors optimistic. ... Continue Reading Continue Reading
Fiverr's (NYSE:FVRR) Q1 Earnings Results: Revenue In Line With Expectations, Next Quarter Growth Looks Optimistic Cover Image
NYSE FVRR Earnings
Fiverr's (NYSE:FVRR) Q1 Earnings Results: Revenue In Line With Expectations, Next Quarter Growth Looks Optimistic

Radek Strnad 2023/05/11 7:26am

Online freelance marketplace Fiverr (NYSE: FVRR) reported results in line with analyst expectations in Q1 FY2023 quarter, with revenue up 1.47% year on year to $88 million. The company expects that next quarter's revenue would be around $89 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. Fiverr made a GAAP loss of $4.27 million, improving on its loss of $17 million, in the same quarter last year. ... Continue Reading Continue Reading
Unity's (NYSE:U) Q1 Sales Top Estimates, Stock Jumps 16.4% On Optimistic Outlook Cover Image
NYSE U Earnings
Unity's (NYSE:U) Q1 Sales Top Estimates, Stock Jumps 16.4% On Optimistic Outlook

Kayode Omotosho 2023/05/10 8:22pm

Game engine maker Unity (NYSE:U) reported Q1 FY2023 results topping analyst expectations, with revenue up 56.3% year on year to $500.4 million. Guidance for next quarter's revenue was $515 million at the midpoint, 2.44% above the average of analyst estimates. Unity made a GAAP loss of $253.7 million, down on its loss of $177.6 million, in the same quarter last year. ... Continue Reading Continue Reading
DoubleVerify's (NYSE:DV) Q1 Sales Top Estimates, Stock Soars Cover Image
NYSE DV Earnings
DoubleVerify's (NYSE:DV) Q1 Sales Top Estimates, Stock Soars

Adam Hejl 2023/05/10 8:17pm

Digital media measurement and analytics provider DoubleVerify (NYSE:DV) reported Q1 FY2023 results that beat analyst expectations, with revenue up 26.7% year on year to $122.6 million. The company expects that next quarter's revenue would be around $133 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. DoubleVerify made a GAAP profit of $12.2 million, improving on its profit of $4.58 million, in the same quarter last year. ... Continue Reading Continue Reading
Why Vishay Intertechnology (VSH) Stock Is Trading Up Today Cover Image
NYSE VSH Why It Moves
Why Vishay Intertechnology (VSH) Stock Is Trading Up Today

Adam Hejl 2023/05/10 5:19pm

What Happened: Shares of semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) jumped 8.7% in the pre-market session after the company reported first quarter revenue, gross margin, adjusted EBITDA, and earnings per share (EPS) that surpassed analysts' estimates. Revenue and gross margin guidance for the next quarter came in above Consensus, adding to the positivity around the quarter. Against the backdrop of the macro headwinds impacting the tech industry, the company's performance was strong. ... Continue Reading Continue Reading
ON24 (ONTF) Shares Skyrocket, What You Need To Know Cover Image
NYSE ONTF Why It Moves
ON24 (ONTF) Shares Skyrocket, What You Need To Know

Anthony Lee 2023/05/10 5:19pm

What Happened: Shares of virtual events software company (NYSE:ONTF) jumped 5% in the morning session after the company reported first quarter revenue, gross margin, free cash flow, and earnings per share that surpassed analysts' estimates. Revenue and EPS guidance for the next quarter were roughly inline with Consensus but full year revenue guidance was lowered. Overall, it was a fine quarter coupled with weak outlook, but given the stock's move, it seems that there was some expectation for a reduced full year guide, making for a better-than-feared quarter. After the initial pop the shares cooled down to $8.69, up 1.05% from previous close. ... Continue Reading Continue Reading
Nextdoor (KIND) Stock Trades Up, Here Is Why Cover Image
NYSE KIND Why It Moves
Nextdoor (KIND) Stock Trades Up, Here Is Why

Kayode Omotosho 2023/05/10 1:31pm

What Happened: Shares of neighborhood social network Nextdoor (NYSE:KIND) jumped 8.87% in the after-market session after the company reported first-quarter results that exceeded analysts' revenue estimates. Weekly Active Users and adjusted EBITDA also beat. In addition, revenue guidance for the next quarter came in above Consensus, and adjusted EBITDA was inline. While absolute revenue growth levels are somewhat muted, these results were strong overall. ... Continue Reading Continue Reading
Why Is RingCentral (RNG) Stock Rocketing Higher Today Cover Image
NYSE RNG Why It Moves
Why Is RingCentral (RNG) Stock Rocketing Higher Today

Kayode Omotosho 2023/05/10 1:20pm

What Happened: Shares of office and call centre communications software provider RingCentral (NYSE:RNG) jumped 11.1% in the after-market session after the company reported an encouraging "beat and raise" quarter. First-quarter revenue, adjusted EBITDA, free cash flow, and earnings per share (EPS) all beat Consensus estimates. Revenue guidance for the next quarter and the full year came in roughly inline with Consensus. On a more positive note, EPS guidance for the next quarter exceeded expectations, and the company raised the full-year EPS guidance. Overall, it was a solid quarter for the company especially considering the mixed results of peers and macro uncertainty. ... Continue Reading Continue Reading
Olo (OLO) Stock Trades Up, Here Is Why Cover Image
NYSE OLO Why It Moves
Olo (OLO) Stock Trades Up, Here Is Why

Anthony Lee 2023/05/10 1:19pm

What Happened: Shares of restaurant software company (NYSE:OLO) jumped 5.29% in the after-market session after the company reported an impressive "beat and raise" quarter. First quarter results exceeded analysts' estimates for revenue, operating income, free cash flow, and earnings per share (EPS). Revenue retention rate also improved. Revenue guidance for the next quarter came in above Consensus, and full-year revenue guidance was lifted. Operating income guidance for the full year was roughly inline. Overall, it was a strong quarter for the company, given that online delivery businesses have struggled to maintain the post-pandemic momentum. ... Continue Reading Continue Reading
Why Are Toast (TOST) Shares Soaring Today Cover Image
NYSE TOST Why It Moves
Why Are Toast (TOST) Shares Soaring Today

Kayode Omotosho 2023/05/10 1:02pm

What Happened: Shares of restaurant software platform Toast (NYSE:TOST) jumped 6.57% in the after market session after the company reported an impressive "beat and raise" quarter. First quarter results exceeded analysts' revenue, adjusted EBITDA, and earnings per share estimates, though cash burn increased. While gross margin improved significantly relative to the previous quarter, it was still below estimates. Regardless, revenue guidance for the next quarter came in above Consensus, and the full-year revenue guidance was lifted. Adjusted EBITDA guidance for the full year was also raised with the mid-point of the guidance projected for margins to be nearly breakeven. After the initial pop the shares cooled down to $20.25, up 4.01% from previous close. ... Continue Reading Continue Reading
Twilio (TWLO) Stock Trades Down, Here Is Why Cover Image
NYSE TWLO Why It Moves
Twilio (TWLO) Stock Trades Down, Here Is Why

Anthony Lee 2023/05/10 1:02pm

What Happened: Shares of cloud communications infrastructure company Twilio (NYSE:TWLO) fell 17.1% in the after-market session after the company reported first-quarter results that narrowly beat analysts' revenue estimates. Earnings per share also beat. However the company missed gross margin and free cash flow estimates, cash burn increased, and net retention rate declined. Revenue guidance for the next quarter also came in below the Consensus, while EPS guidance was in line. Specifically, Twilio guided Q2'23 revenue growth to decelerate meaningfully to 4-5% from 15% in Q1 while reiterating its intermediate-term goal of 15-25% growth, which would require a strong re-acceleration. Additionally, management highlighted the focus on achieving sustainable profitability, adding that "we've structured the business with the aim of enabling Twilio to operate profitably in any financial climate and our first quarter non-GAAP income from operations is a strong signal of our ability to do so." Overall this was a worrisome quarter given revenue trends, which brings about questions about product-market fit, competitive dynamics, and pricing power. ... Continue Reading Continue Reading
Vishay Intertechnology (NYSE:VSH) Beats Q1 Sales Targets, Provides Optimistic Guidance For Next Quarter Cover Image
NYSE VSH Earnings
Vishay Intertechnology (NYSE:VSH) Beats Q1 Sales Targets, Provides Optimistic Guidance For Next Quarter

Kayode Omotosho 2023/05/10 11:12am

Semiconductor manufacturer Vishay Intertechnology (NYSE:VSH) reported Q1 FY2023 results topping analyst expectations, with revenue up 2.02% year on year to $871 million. Guidance for next quarter's revenue was $880 million at the midpoint, 5.76% above the average of analyst estimates. Vishay Intertechnology made a GAAP profit of $112.2 million, improving on its profit of $104 million, in the same quarter last year. ... Continue Reading Continue Reading
Q2 Holdings (NYSE:QTWO) Exceeds Q1 Expectations But Full Year Guidance Underwhelms Cover Image
NYSE QTWO Earnings
Q2 Holdings (NYSE:QTWO) Exceeds Q1 Expectations But Full Year Guidance Underwhelms

Adam Hejl 2023/05/09 8:43pm

Banking software provider Q2 (NYSE:QTWO) reported results ahead of analyst expectations in the Q1 FY2023 quarter, with revenue up 14.1% year on year to $153 million. However, guidance for the next quarter was less impressive, coming in at $154.1 million at the midpoint, being 1.43% below analyst estimates. Q2 Holdings made a GAAP loss of $516 thousand, improving on its loss of $23.6 million, in the same quarter last year. ... Continue Reading Continue Reading
Nextdoor (NYSE:KIND) Q1 Sales Beat Estimates, Next Quarter Sales Guidance Is Optimistic Cover Image
NYSE KIND Earnings
Nextdoor (NYSE:KIND) Q1 Sales Beat Estimates, Next Quarter Sales Guidance Is Optimistic

Petr Huřťák 2023/05/09 8:35pm

Neighborhood social network Nextdoor (NYSE:KIND) reported Q1 FY2023 results topping analyst expectations, with revenue down 2.41% year on year to $49.8 million. On top of that, guidance for next quarter's revenue was surprisingly good, being $53.5 million at the midpoint, 3.22% above what analysts were expecting. Nextdoor made a GAAP loss of $33.7 million, down on its loss of $32.9 million, in the same quarter last year. ... Continue Reading Continue Reading
ON24 (NYSE:ONTF) Q1 Sales Beat Estimates But Full Year Guidance Underwhelms Cover Image
NYSE ONTF Earnings
ON24 (NYSE:ONTF) Q1 Sales Beat Estimates But Full Year Guidance Underwhelms

Kayode Omotosho 2023/05/09 8:33pm

Virtual events software company (NYSE:ONTF) reported results ahead of analyst expectations in the Q1 FY2023 quarter, with revenue down 11.2% year on year to $43.1 million. The company expects that next quarter's revenue would be around $41.6 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. ON24 made a GAAP loss of $17.6 million, down on its loss of $15.5 million, in the same quarter last year. ... Continue Reading Continue Reading
Twilio's (NYSE:TWLO) Posts Q1 Sales In Line With Estimates But Stock Drops 13.2% On Weak Guidance Cover Image
NYSE TWLO Earnings
Twilio's (NYSE:TWLO) Posts Q1 Sales In Line With Estimates But Stock Drops 13.2% On Weak Guidance

Adam Hejl 2023/05/09 8:20pm

Cloud communications infrastructure company Twilio (NYSE:TWLO) reported results in line with analyst expectations in Q1 FY2023 quarter, with revenue up 15% year on year to $1.01 billion. However, guidance for the next quarter was less impressive, coming in at $985 million at the midpoint, being 6.05% below analyst estimates. Twilio made a GAAP loss of $342.1 million, down on its loss of $221.6 million, in the same quarter last year. ... Continue Reading Continue Reading
Toast (NYSE:TOST) Delivers Strong Q1 Numbers, Stock Soars Cover Image
NYSE TOST Earnings
Toast (NYSE:TOST) Delivers Strong Q1 Numbers, Stock Soars

Jabin Bastian 2023/05/09 8:15pm

Restaurant software platform Toast (NYSE:TOST) reported Q1 FY2023 results beating Wall St's expectations, with revenue up 53.1% year on year to $819 million. On top of that, guidance for next quarter's revenue was surprisingly good, being $935 million at the midpoint, 3.44% above what analysts were expecting. Toast made a GAAP loss of $81 million, down on its loss of $23 million, in the same quarter last year. ... Continue Reading Continue Reading
RingCentral (NYSE:RNG) Exceeds Q1 Expectations, Stock Jumps 10% Cover Image
NYSE RNG Earnings
RingCentral (NYSE:RNG) Exceeds Q1 Expectations, Stock Jumps 10%

Adam Hejl 2023/05/09 8:09pm

Office and call centre communications software provider RingCentral (NYSE:RNG) announced better-than-expected results in the Q1 FY2023 quarter, with revenue up 14.1% year on year to $533.7 million. The company expects that next quarter's revenue would be around $536 million, which is the midpoint of the guidance range. That was roughly in line with analyst expectations. RingCentral made a GAAP loss of $54.4 million, improving on its loss of $151 million, in the same quarter last year. ... Continue Reading Continue Reading
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