The largest cybersecurity company on the stock market just reported upbeat earnings, which is great news for the cybersecurity industry as a whole. Investor uncertainty around the pace of the cybersecurity market has forced many companies within it to stay flat so far this year, but a strong earnings season could supercharge these stocks higher. Names like CrowdStrike, Palo Alto Networks, Zscaler…etc. have lagged far behind the market rally, largely because their earnings weren’t as exciting as semiconductor earnings, but as investors look for new opportunities, cybersecurity has a high probability of being seen as an opportunity for profit. Palo Alto Networks was one of the first cybersecurity companies to report quarterly earnings in the space, kicking things off by...
Celsius Holdings (CELH) Analysis: Chart done on daily timeframe. Celsius Holdings investors kicked off the year celebrating the company’s accomplishments from 2023. The stock reached for new all time highs just a few months ago, but its valuation has been cut by more than 60% since then, leaving investors uncertain about their stock’s health. Trading at a new 52 week low, the company’s upside and downside swings already paints a picture of just how volatile this investment can be, but volatility can often bring opportunities, let’s dive into CELH’s numbers to see if its worth a buy. The company’s revenue growth is a grew at a notable 94% in the first quarter of 2023, then another 111% in the second...
Airbnb (ABNB) Post-Earnings Analysis Shares of Airbnb plunged to new 52-week lows this morning after the company’s warnings about U.S. demand. Already facing recession fears, investors heard the grim message about demand and immediately hit the sell button, resulting in a 14% single-day decline. Diving into the numbers, Airbnb posted its second-best quarter in terms of bookings, but the number is expected to moderate in the coming quarters. The company’s earnings per share fell below expectations, coming in at $0.86 versus $0.92 expected, but revenue came in line at $2.75B for the quarter. Despite the earnings drop and the alarming headlines, Airbnb is still an attractive company and remains dominant in its industry with numerous opportunities ahead. The company specifically...
Shopify (SHOP) Post-Earnings Analysis Shares of the cloud-based commerce platform, Shopify, are trading higher this morning following the company’s upbeat earnings results. Their strong performance was driven by growth in subscription solutions revenue, which rose from $444 million to $563 million year over year, thanks to more merchants signing up and the increase in pricing on its subscription plans. The company also enjoyed more fees from a metric called "gross payment volume," which measures the total value of orders processed through the payment platform. The increase in revenue helped the company surpass its net income expectations, reflecting significant growth from the same quarter last year when they reported a loss of $1.3 billion. This quarter’s net income came in at...
Walt Disney Company (DIS) Pre-earnings Analysis Chart done on daily timeframe. Disney is set to report its quarterly earnings tomorrow before market open and analysts are ambitious about their numbers. The company is set to report its third quarterly earnings above the 1.20 mark in earnings per share (EPS), which would be a big accomplishment for them since their struggles of the pandemic. The company endured many headwinds in the past four years as criticism rose around their leadership, but they managed to come out winning, proving their ability to once again thrive. Park attendance is expected to grow for the summer and Hulu/Disney+ is set to remain a big focus in terms of profitability. Disney’s operations are costly, so...
