Adobe's (NASDAQ:ADBE) decision several years ago to move to a software-as-a-service (SaaS) model has served the company -- and investors -- well, as the transition to cloud computing continues en masse. The company, which is best known for its suite of creative software and its ubiquitous portable document format (PDF), has also made a habit of exceeding its own guidance as well as investor expectations, and this quarter was no different.
For the just-completed third quarter, Adobe reported record revenue of $2.29 billion, up 24% year over year, exceeding its forecast of $2.24 billion and analysts' consensus estimates of $2.25 billion. The company delivered GAAP earnings per share of $1.34 and adjusted earnings per share of $1.73. This easily surpassed Adobe's forecast for GAAP earnings per share of $1.27 and adjusted profits of $1.68 per share, while also exceeding Wall Street's expectations for adjusted earnings per share of $1.69.
Image source: Adobe.
Top 5 Tech Stocks To Own Right Now: Towerstream Corporation(TWER)
Towerstream Corporation, a 4G service provider, delivers high-speed wireless Internet access to businesses in the United States. The company offers broadband services to commercial customers, and delivers access over a wireless network transmitting over regulated and unregulated radio spectrum. Its service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data, and video services. The company provides its services to customers in New York City, Boston, Los Angeles, Chicago, Philadelphia, the San Francisco Bay area, Miami, Seattle, Dallas-Fort Worth, Nashville, Las Vegas-Reno, and the greater Providence area. It also operates Manhattan Wi-Fi network for mobile operators, retail/daily deal providers, and Wi-Fi operators. Towerstream Corporation offers its services directly, as well as through integrators, resellers, and online operators. The company was founded in 1999 and is based in Middletown, Rhode Island.
Advisors' Opinion:- [By Max Byerly]
Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) and Towerstream (OTCMKTS:TWER) are both small-cap utilities companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, earnings, risk, dividends, profitability, institutional ownership and valuation.
- [By Ethan Ryder]
Global Eagle Entertainment (OTCMKTS: TWER) and Towerstream (OTCMKTS:TWER) are both small-cap computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, analyst recommendations, risk, earnings and profitability.
Top 5 Tech Stocks To Own Right Now: Attunity Ltd.(ATTU)
Attunity Ltd., together with its subsidiaries, develops, markets, and sells big data management software solutions worldwide. The company offers Attunity Replicate, a data replication software for distributing, sharing, and ensuring the availability of data for meeting business operations and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for big data environments. It also provides Attunity Managed File Transfer, a file transfer management solution to secure and automate business-to-business information exchanges over Internet connections; Attunity RepliWeb for ERA, a heterogeneous file system and storage replication solution optimized for wide area network infrastructures, as well as an ARA and Web deployment solution for Windows, UNIX, and Linux applications, as well as Web infrastructures; and Attunity CloudBeam, a fully-managed data transfer software as a service-based platform to move data to, from, and between on-premises and cloud environments. In addition, it offers Attunity Compose, a data warehouse automation software to design, generate, and populate enterprise data warehouses and data marts; change data capture and Attunity Connect software solutions; and hot-line support, training, and professional services. It sells its products through distributors, value-added resellers, and original equipment manufacturers partners to financial services, healthcare, insurance, energy, telecommunications, manufacturing, retail, pharmaceuticals, and supply chain industries, as well as government and public institutions. The company has strategic relationships with AWS; Google; Hortonworks, Inc.; HP Inc.; IBM; Microsoft; Oracle; SAP; and Teradata. The company was formerly known as ISG International Software Group Ltd. and changed its name to Attunity Ltd. in October 2000. Attunity Ltd. was founded in 1988 and is headquartered in Kfar Saba, Israel.
Get a free copy of the Zacks research report on Attunity (ATTU) For more information about research offerings from Zacks Investment Research, visit Zacks.com Royce & Associates LP lessened its holdings in Attunity Ltd (NASDAQ:ATTU) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 335,902 shares of the technology company’s stock after selling 103,700 shares during the period. Royce & Associates LP owned about 1.57% of Attunity worth $6,611,000 at the end of the most recent quarter. Shares of data integration and big data management software company Attunity (NASDAQ:ATTU) jumped on Thursday, rising as much as 19.1%. As of 1:25 p.m. EST, the stock was up 18.7%. Square, Inc. develops and provides point-of-sale software worldwide. It provides Square Register, a point-of-sale system that takes care of digital receipts, inventory, and sales reports, as well as provides analytics and feedback. The company serves big and small businesses from bakeries to retailers. Its product, Square Register, is available in the App Store and on Google Play, and it is designed to run on a smartphone or tablet, and on counter. Square, Inc. is headquartered in San Francisco, California. Square (NYSE:SQ) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $300.00 to $320.00 in a research report issued on Tuesday, The Fly reports. The brokerage currently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 23.24% from the company’s current price. SoFi’s forward-thinking offerings will lead to a continued exodus of customers from traditional banks to its platform. Its recent no-fee overdraft coverage should also attract growth in customer registrations. Already a dominant fintech player, Square increased its size by announcing plans to acquire Afterpay (OTCMKTS:AFTPY) on Aug. 1. Square will pay $29 billion for the Australian firm in an all-stock deal. Afterpay investors get 0.375 shares of Square stock for each Afterpay share. This transaction will close in Q1/2022. In Square's (NYSE:SQ) fourth-quarter letter to shareholders, it named Instant Deposit first in its list of revenue growth drivers. Instant Deposit allows consumers and merchants to transfer funds from Square to their bank without waiting the usual clearance time of one to three days. Next on the list was Cash Card, the prepaid debit card that allows Cash App users to spend their balance directly instead of transferring it to a traditional bank first. Below, three Fool.com contributors offer up Square (NYSE:SQ), Southwest Airlines (NYSE:LUV), and Visa (NYSE:V) as stocks that Lynch would likely love. Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions to create, prepare, and deliver a range of video services for television and media platforms in the united States and internationally. Its products include video production platforms and playout solutions, such as video servers used by broadcasters, content owners, and multi-channel network operators to create and play-to-air television channels; video-optimized storage, which provides storage capacity and access bandwidth to support media production applications comprising video editing, content transformation, and media library management; and media applications that provide media integrated management and workflow control over content stored on its systems. The company offers video processing products, including broadcast encoders; contribution and distribution encoders; stream processing and statistical multiplexing solutions; content preparation and delivery for multi-scr een applications; decoders and descramblers; and management and control software. It also provides edge products that integrate routing, multiplexing, scrambling, and modulation into a single package; optical transmitters and amplifiers, which operates at various optical wavelengths and serves long-haul and local transport applications in the cable distribution network; optical nodes to supports network architectures for bandwidth delivered to a service area; and return path transmitters that support two-way transmission capabilities for analog or digital transport. In addition, the company offers technical support and professional services, such as maintenance and support; and consulting, implementation, and integration services. Harmonic Inc. sells its products through direct sales force, independent distributors, and integrators to cable, satellite and telco, and broadcast and media companies. The company was founded in 1988 and is headquartered in San Jose, California. Advisors' Opinion: Harmonic Inc (NASDAQ:HLIT)Q1 2019 Earnings CallApril 29, 2019, 5:00 p.m. ET Operator Harmonic Inc. (NASDAQ: HLIT) was started as Buy with a $7 target price (versus a $5.32 close) at Needham. NetApp Inc. (NASDAQ: NTAP) was last seen down 8.5% at $61.60, based on its guidance after earnings. William Blair downgraded it to Market Perform from Outperform. JPMorgan also downgraded NetApp, to Neutral from Overweight. Harmonic Inc (NASDAQ:HLIT)Q4 2018 Earnings Conference CallFeb. 04, 2019, 5:00 p.m. ET Operator Microsoft Corporation develops, licenses, and supports a range of software products and services for various computing devices worldwide. The company?s Windows & Windows Live Division segment offers PC operating system that primarily includes Windows 7 and Windows Vista operating systems; Windows live suite of applications and Web services; and Microsoft PC hardware products. Its Microsoft?s Server and Tools segment provides Windows Server operating systems, Windows Azure, Microsoft SQL Server, SQL Azure, Windows Intune, Windows Embedded, Visual Studio, Silverlight, system center products, Microsoft consulting services, and product support services. This segment also offers enterprise consulting services; and training and certification to developers and information technology professionals, as well as builds standalone and software development lifecycle tools for software architects, developers, testers, and project managers. The company?s Online Services Division segment provides online information and content through Bing, MSN portals, and adCenter, as well as Atlas online tools for advertisers. Its Microsoft Business Division segment offers Microsoft office; Microsoft Exchange; Microsoft SharePoint; Microsoft Lync; Microsoft Dynamics ERP and CRM; and Microsoft Office Web Apps, as well as office 365, an online service, offering Microsoft Office, Exchange, SharePoint, and Lync. The company?s Entertainment and Devices Division segment provides Xbox 360 entertainment platform, which includes the Xbox 360 gaming and entertainment console, Kinect for Xbox 360, Xbox 360 video games, Xbox LIVE, and Xbox 360 accessories; Mediaroom, an Internet protocol television software; and Windows Phone that provide Microsoft Office and Xbox LIVE functionality. It markets and distributes its products and services through original equipment manufacturers, distributors, and resellers, as well as through online. Microsoft was founded in 1975 and is headquartered i n Redmond, Washington. Turtle Beach boasts the number one gaming headset for Nintendo (NTDOY), Microsoft's (MSFT) Xbox and Sony's (SONY) Playstation systems and holds revenue share bigger than the next four largest competitors combined. The company's Roccat product line is expanding on a global basis, and sales tripled in the first half of this year. Another growth catalyst comes from the company's January acquisition of Neat Microphones, which is launching a new product line in 2021. If the hybrid work environment is here to stay for the next few years, then Zoom’s revenue will steadily grow. Furthermore, Zoom faces no real competition. Cisco’s (NASDAQ:CSCO) WebEx is too restrictive. Even though it is widely used, Microsoft’s (NASDAQ:MSFT) Teams App has an inferior user experience compared to Zoom.Top 5 Tech Stocks To Own Right Now: Square, Inc.(SQ)
Top 5 Tech Stocks To Own Right Now: Harmonic Inc.(HLIT)
Top 5 Tech Stocks To Own Right Now: Microsoft Corporation(MSFT)
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