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By Kuldip K. Ambastha On Thursday, December 3, 2020, CrowdStrike Holdings, Inc. (CRWD) had a +13.6% return for the day. The company delivered a $0.08 adjusted earnings per share figure for 3Q2020, well above the expected consensus estimate of $0.00. The cybersecurity company CrowdStrike Holdings has been successful during the current global coronavirus pandemic era. …
By Kuldip K. Ambastha On Wednesday, November 18, 2020, Target Corporation (TGT) had a +2.3% return for the day. The prominent general merchandise retailer with a motto of “Expect More. Pay Less.” announced strongly positive 3Q2020 results which drove the return seen on that day. 3Q2020 adjusted earnings per share came in at $2.79, surpassing …
Continue reading “What Caught Our Attention in the Investment World? – Week of November 16-20, 2020”
By Kuldip K. Ambastha SAP SE (SAP) is a German software company in the enterprise software sector, focused on business operations and customer relations. The company operates in many countries around the world and has well-known enterprise resource planning (ERP) capabilities. SAP stands for “Systems, Applications, and Products in Data Processing.” On Monday, October 26, …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 26-30, 2020”
By Kuldip K. Ambastha During this past trading week, Fastly, Inc. (FSLY) had a -27.2% return on Thursday, October 15, 2020. Fastly is a technology company in the content delivery network, cloud provider, and edge computing arenas. After Fastly issued a 3Q2020 revenue warning which was inconsistent with the strong growth story of the company …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 12-16, 2020”
By Kuldip K. Ambastha In this past week, both Asana, Inc. (ASAN) and Palantir Technologies Inc. (PLTR) went public through the direct listing of shares which had been privately held in the past. On Wednesday, September 30, 2020, Asana opened at $27.00 per share while Palantir opened at $10.00 per share. By the end of …
By Kuldip K. Ambastha In a volatile week which saw technology (tech) stocks struggle overall, the initial public offering (IPO) of Snowflake Inc. (SNOW) stood out as a star performer. The IPO was priced at $120.00 per share, though the shares opened up on the New York Stock Exchange (NYSE) at an astounding $245.00 per …
By Kuldip K. Ambastha On Thursday, September 3, 2020, Ciena Corporation (CIEN) had a return of -24.3%. For its most recent fiscal quarter, the technology (tech) company surpassed its profit and revenue expectations, but also announced that in the next few quarters going forward it was expecting a slowdown in orders due to the coronavirus …
By Kuldip K. Ambastha On Wednesday, August 26, 2020, the stock of Salesforce.com, Inc. (CRM) had a pop of 26.0%. The stock posted smaller positive and negative returns during other days of the trading week. Strong 2Q2020 results drove the 26.0% gain in one day. For the first time, in 2Q2020 Salesforce.com, Inc. had more …
Continue reading “What Caught Our Attention in the Investment World? – Week of August 24 – 28, 2020”
By Kuldip K. Ambastha Until recently, Eastman Kodak Company (KODK) had been best known for its famous camera and photography offerings from the past. The company was founded in 1888, in Rochester, New York. With the rise of new technology offerings such as sophisticated smartphone cameras, Eastman Kodak Company was not in the press as …
Continue reading “What Caught Our Attention in the Investment World? – Week of July 27 – 31, 2020”
By Kuldip K. Ambastha In this past week, Tuesday Morning Corporation (TUES), Hertz Global Holdings, Inc. (HTZ), and HP Inc. (HPQ) were all featured prominently in the news. Tuesday Morning Corporation (TUES) is a retail business focused on the American home. Due to the coronavirus pandemic, the company was forced to close its stores for …
Continue reading “What Caught Our Attention in the Investment World? – Week of May 26 – 29, 2020”