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Alfa86
Alfa86
·
2021-09-05
Further downside on price?
非常抱歉,此主贴已删除
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Alfa86
Alfa86
·
2021-09-03
Yes
SoFi’s Student Loan Headwind Could Last Longer Than You Think
Students are rethinking higher education and SOFI stock could feel the effects. Online personal fin
SoFi’s Student Loan Headwind Could Last Longer Than You Think
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Alfa86
Alfa86
·
2021-09-03
Further upside? Squueze?
MMAT Stock: Fundamentals Can Not Back Up a Market Cap Of $1.5B
Valuation remains acutely divorced from fundamentals even after a steep price correction. Meta Mate
MMAT Stock: Fundamentals Can Not Back Up a Market Cap Of $1.5B
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Alfa86
Alfa86
·
2021-09-02
Further upside today?
Support.com shares surged more than 17% in premarket trading
Support.com shares surged more than 17% in premarket trading. Support.com are up more than 200% over
Support.com shares surged more than 17% in premarket trading
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Alfa86
Alfa86
·
2021-09-02
Price adjustment?
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Alfa86
Alfa86
·
2021-09-01
Further downside?
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Alfa86
Alfa86
·
2021-09-01
Potential to grab low and ride on
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Alfa86
Alfa86
·
2021-08-28
Potential?
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Alfa86
Alfa86
·
2021-08-27
Further downside for better price to enter?
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Alfa86
Alfa86
·
2021-08-26
Further potential upside?
Snowflake Beats Revenue Estimates and Gives Upbeat Forecast
(Bloomberg) -- Snowflake Inc., the software company with 2020’s biggest U.S. initial public offering
Snowflake Beats Revenue Estimates and Gives Upbeat Forecast
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","listText":"Further downside on price? ","text":"Further downside on price?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814608135","repostId":"2164803413","repostType":4,"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815926882,"gmtCreate":1630637103946,"gmtModify":1632468978770,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815926882","repostId":"1165219022","repostType":4,"repost":{"id":"1165219022","kind":"news","pubTimestamp":1630636402,"share":"https://www.laohu8.com/m/news/1165219022?lang=&edition=full","pubTime":"2021-09-03 10:33","market":"us","language":"en","title":"SoFi’s Student Loan Headwind Could Last Longer Than You Think","url":"https://stock-news.laohu8.com/highlight/detail?id=1165219022","media":"InvestorPlace","summary":"Students are rethinking higher education and SOFI stock could feel the effects.\n\nOnline personal fin","content":"<blockquote>\n <b>Students are rethinking higher education and SOFI stock could feel the effects.</b>\n</blockquote>\n<p>Online personal finance company <b><a href=\"https://laohu8.com/S/SOFI\">SoFi Technologies Inc.</a></b> is one of the most relevant offerings in the market today. As data from the U.S. Census Bureau confirms, the portion ofretail transactions conductedvia e-commerce channels has exploded. It only makes sense for financial requests to shift online too, bolstering the already-promising case for SOFI stock.</p>\n<p>Of course, the novel coronavirus impacted this broader narrative. Not only that, the ongoing public health crisis may swing positively for SoFi and other online financial institutions.</p>\n<p>True, the vaccine rollout led to relaxed mitigation protocols, and people have eagerly taken advantage. But the intensity of the delta variant may continue to drive transactions online — a point in favor of SOFI stock.</p>\n<p>While the paper backdrop sounds appealing for the financial technology (fintech) play, the market has a different idea. To be fair, on a year-to-date basis, SOFI stock is up 18%, which is statistically a very solid figure. But over the trailing six months, SOFI has hemorrhaged nearly 23%.</p>\n<p>Yes, early-bird investors are still feeling good about themselves. But for recent shareholders and prospective buyers, it can’t be an encouraging development.</p>\n<p>Adding to the concerns are the circumstances revolving around SoFi’s educational loan products. As our ownChris Lau stated:</p>\n<blockquote>\n “SoFi will lose around $40 million in student loan financing. The government extended a moratorium on student loan payments. Instead of expiring on Sept. 30, the government extended it into 2022. In the second quarter, SoFi posted adjusted net revenue of $237 million. This is despite its student loan refinancing business operating at below 50% of pre-Covid levels.”\n</blockquote>\n<p>Uncomfortable with such prospects, investors dumped SOFI stock. Though difficult to project, a valid bearish argument exists.</p>\n<p><b>SOFI Stock’s Headwind May Be Far From Over</b></p>\n<p>To clarify my use of Lau’s analysis, my<i>InvestorPlace</i>colleague recognizes the near-term volatility that SOFI stock could encounter. However, he states that the “student loan headwind is temporary.” Moreover, the company is “already making up the difference by increasing its efforts on the fast-growing financial services.”</p>\n<p>Though I don’t necessarily disagree that student loan challenges reflect temporary setbacks, I’m not entirely sure investors can just ignore that obstacle. I think there’s a real risk in assuming that SOFI stock is a credible discount because it can afford to ignore a critical growth area.</p>\n<p>I don’t think it can. According to the Center for American Progress, “About43 million adult Americans— roughly one-sixth of the U.S. population older than age 18 — currently carry a federal student loan and owe $1.5 trillion in federal student loan debt, plus an estimated $119 billion in student loans from private sources that are not backed by the government.” That’s not a consumer base that anyone can walk away from.</p>\n<p>But the problem moving forward is that students are rethinking higher education, and the Covid-19 crisis amplified matters. According to Third Way, though students believe the worst of the crisis is behind us, they haveconcerns about economic stability.</p>\n<p>More tellingly, students give credit to their academic institutions for handling the pandemic. However, they have begun to rethink the cost structure of a college degree. Student surveys reveal that their biggest concern now are focused on practical needs and costs, in light of the uncertain economic future.</p>\n<p>That being the case, you may see a generational shift soon where college education is simply not the priority it once was. Therefore, the student loan headwind could in reality become a<i>long-term</i> one.</p>\n<p><b>The Double-Edged Nature of SOFI Stock’s Tech</b></p>\n<p>This sets up what has to be a potentially cruel irony for SOFI stock. To be sure, advanced connectivity technologies have enabled companies like SoFi to provide online services that were previously conducted in person. But that same disruptive spirit of innovation can boomerang back to hit SoFi in the face.</p>\n<p>In a way, it’s already happening. Should prospective students avoid traditional higher education curriculum because of spiraling costs, then it would negatively impact SoFi’s future business prospects. Young people might opt for online education solutions instead, which may be much cheaper than their standard counterparts.</p>\n<p>Additionally, a college education is statistically one of the most effective means ofupward class mobility. But if we start to have generations of workers who choose to avoid college altogether, the playing field will dwindle even more for SOFI stock.</p>\n<p>While I see the attractiveness of the underlying business, interested buyers may want to wait a bit more before getting involved. A temporary headwind might not be so temporary in a broader context.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi’s Student Loan Headwind Could Last Longer Than You Think</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoFi’s Student Loan Headwind Could Last Longer Than You Think\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 10:33 GMT+8 <a href=https://investorplace.com/2021/09/sofi-stock-student-loan-headwind-could-last-longer-than-you-think/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Students are rethinking higher education and SOFI stock could feel the effects.\n\nOnline personal finance company SoFi Technologies Inc. is one of the most relevant offerings in the market today. As ...</p>\n\n<a href=\"https://investorplace.com/2021/09/sofi-stock-student-loan-headwind-could-last-longer-than-you-think/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2021/09/sofi-stock-student-loan-headwind-could-last-longer-than-you-think/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165219022","content_text":"Students are rethinking higher education and SOFI stock could feel the effects.\n\nOnline personal finance company SoFi Technologies Inc. is one of the most relevant offerings in the market today. As data from the U.S. Census Bureau confirms, the portion ofretail transactions conductedvia e-commerce channels has exploded. It only makes sense for financial requests to shift online too, bolstering the already-promising case for SOFI stock.\nOf course, the novel coronavirus impacted this broader narrative. Not only that, the ongoing public health crisis may swing positively for SoFi and other online financial institutions.\nTrue, the vaccine rollout led to relaxed mitigation protocols, and people have eagerly taken advantage. But the intensity of the delta variant may continue to drive transactions online — a point in favor of SOFI stock.\nWhile the paper backdrop sounds appealing for the financial technology (fintech) play, the market has a different idea. To be fair, on a year-to-date basis, SOFI stock is up 18%, which is statistically a very solid figure. But over the trailing six months, SOFI has hemorrhaged nearly 23%.\nYes, early-bird investors are still feeling good about themselves. But for recent shareholders and prospective buyers, it can’t be an encouraging development.\nAdding to the concerns are the circumstances revolving around SoFi’s educational loan products. As our ownChris Lau stated:\n\n “SoFi will lose around $40 million in student loan financing. The government extended a moratorium on student loan payments. Instead of expiring on Sept. 30, the government extended it into 2022. In the second quarter, SoFi posted adjusted net revenue of $237 million. This is despite its student loan refinancing business operating at below 50% of pre-Covid levels.”\n\nUncomfortable with such prospects, investors dumped SOFI stock. Though difficult to project, a valid bearish argument exists.\nSOFI Stock’s Headwind May Be Far From Over\nTo clarify my use of Lau’s analysis, myInvestorPlacecolleague recognizes the near-term volatility that SOFI stock could encounter. However, he states that the “student loan headwind is temporary.” Moreover, the company is “already making up the difference by increasing its efforts on the fast-growing financial services.”\nThough I don’t necessarily disagree that student loan challenges reflect temporary setbacks, I’m not entirely sure investors can just ignore that obstacle. I think there’s a real risk in assuming that SOFI stock is a credible discount because it can afford to ignore a critical growth area.\nI don’t think it can. According to the Center for American Progress, “About43 million adult Americans— roughly one-sixth of the U.S. population older than age 18 — currently carry a federal student loan and owe $1.5 trillion in federal student loan debt, plus an estimated $119 billion in student loans from private sources that are not backed by the government.” That’s not a consumer base that anyone can walk away from.\nBut the problem moving forward is that students are rethinking higher education, and the Covid-19 crisis amplified matters. According to Third Way, though students believe the worst of the crisis is behind us, they haveconcerns about economic stability.\nMore tellingly, students give credit to their academic institutions for handling the pandemic. However, they have begun to rethink the cost structure of a college degree. Student surveys reveal that their biggest concern now are focused on practical needs and costs, in light of the uncertain economic future.\nThat being the case, you may see a generational shift soon where college education is simply not the priority it once was. Therefore, the student loan headwind could in reality become along-term one.\nThe Double-Edged Nature of SOFI Stock’s Tech\nThis sets up what has to be a potentially cruel irony for SOFI stock. To be sure, advanced connectivity technologies have enabled companies like SoFi to provide online services that were previously conducted in person. But that same disruptive spirit of innovation can boomerang back to hit SoFi in the face.\nIn a way, it’s already happening. Should prospective students avoid traditional higher education curriculum because of spiraling costs, then it would negatively impact SoFi’s future business prospects. Young people might opt for online education solutions instead, which may be much cheaper than their standard counterparts.\nAdditionally, a college education is statistically one of the most effective means ofupward class mobility. But if we start to have generations of workers who choose to avoid college altogether, the playing field will dwindle even more for SOFI stock.\nWhile I see the attractiveness of the underlying business, interested buyers may want to wait a bit more before getting involved. A temporary headwind might not be so temporary in a broader context.","news_type":1},"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815928404,"gmtCreate":1630637071808,"gmtModify":1632468984707,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Further upside? Squueze?","listText":"Further upside? Squueze?","text":"Further upside? Squueze?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815928404","repostId":"1104118523","repostType":4,"repost":{"id":"1104118523","kind":"news","pubTimestamp":1630636526,"share":"https://www.laohu8.com/m/news/1104118523?lang=&edition=full","pubTime":"2021-09-03 10:35","market":"us","language":"en","title":"MMAT Stock: Fundamentals Can Not Back Up a Market Cap Of $1.5B","url":"https://stock-news.laohu8.com/highlight/detail?id=1104118523","media":"InvestorPlace","summary":"Valuation remains acutely divorced from fundamentals even after a steep price correction.\n\nMeta Mate","content":"<blockquote>\n <b>Valuation remains acutely divorced from fundamentals even after a steep price correction.</b>\n</blockquote>\n<p><b><a href=\"https://laohu8.com/S/MMAT\">Meta Materials Inc.</a></b> is a developer of functional materials and nanocomposite products headquartered in Dartmouth, Canada. It’s not a household name by any stretch. But meme rallies earlier this year took MMAT stock above the $20 level.</p>\n<p>Underlying fundamentals leave a lot to be desired. Nevertheless, with a short interest ratio of 16.2%, one needs to examine this stock a bit closer. Considering we have already seen Reddit-induced rallies take MMAT stock to the promised land, the option to be complacent doesn’t exist. And given the long-term potential for its metamaterials technology, investors should expect this stock to trade at a premium.</p>\n<p>According to one research report,the metamaterials market will reach $3.61 billion in 2027, representing a CAGR of 23.6%. But at a market cap of $1.50 billion, investors have already priced in much of the potential. Plus, the financials leave a lot to be desired. Revenues have dropped from approximately $1.3 billion in 2018 to just $2.5 million during the first quarter of 2021.</p>\n<p>All of these factors make it a speculative play in my eyes.Money has been made on meme stocks. But investing in meme stocks is all about having effective exit and entry strategies. That’s not to say there aren’tsome good Reddit stocks out there. However, investment decisions in this space are often based on gut feel rather than hard-nosed fundamental analysis.</p>\n<p><b>Torchlight Energy No More</b></p>\n<p>Torchlight Energy was a Plano-based oil & gas exploration firm. It was founded in 2007 and went public in 2010. The company has been struggling for a while. Before the pandemic, it struck oil and gas at one of its development wells in the Orogrande Basin in West Texas, near the Mexican and New Mexico borders. But after Covid-19 struck, Torchlight’s operations came under fire, and the company decided the best way forward would be to transform its business focus.</p>\n<p>The company sought a merger with a Canadian company, Meta Materials, which had more than$1.6 million a yearin organic revenue. Upon closing the merger, Metamaterial shareholders own 75% of the combined company, while Torchlight shareholders own 25%.</p>\n<p>Meta Materials is primarily a development company at this stage, looking to scale up production. It generates most of its revenues from customer-funded development programs. The company undoubtedly has a very large market opportunity, although translating scientific advancements into commercial success has been challenging. That’s why there is skepticism among analysts. Mark Hake believes Meta is worth no more than the cash on its books,84 cents per share.MMAT stock is changing hands for $4.13 as I write this.</p>\n<p>Dana Blankenhorn, meanwhile,is warning investors not to fall for the hype. He points out that the company’s intellectual property “might have relevance in defense, automotive, and medical fields if Meta can find the right partners.”</p>\n<p>However, as he points out, there are no developments on this end.</p>\n<p><b>Limited Catalysts for MMAT Stock</b></p>\n<p>Over the last several months, MMAT stock had two major catalysts that pushed up the stock price.</p>\n<p>The first bump occurred when a rumor circulated on Reddit that Meta was working with<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>). The second occurred as the Torchlight deal closed. Both of these events have very little to do with the company’s fundamentals. They did not come after an earnings beat or a joint venture announcement. This confirms MMAT as a meme stock for many analysts and investors.</p>\n<p>MMAT reported little over half a million in revenue in its latest quarterly results and a market cap of more than $1.50 billion. It just doesn’t add up.</p>\n<p><b>Earthbound</b></p>\n<p>Eventually, MMAT stock will give away its gains. Limited catalysts ensure the divorce between fundamentals and market cap cannot last forever. Retail traders focused on the short term can certainly scalp profits. But there doesn’t seem to be a hook why investors should stick around for the long term. Buying based on a post or a press release might lead to some temporary gains. But they also evaporate very quickly.</p>\n<p>As I mentioned in my intro, not every meme stock is a bad one. There are plenty of great picks among Reddit favorites that make sense on fundamentals. But there are plenty you wouldn’t touch with a ten-foot pole.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MMAT Stock: Fundamentals Can Not Back Up a Market Cap Of $1.5B</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMMAT Stock: Fundamentals Can Not Back Up a Market Cap Of $1.5B\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 10:35 GMT+8 <a href=https://investorplace.com/2021/09/mmat-stock-fundamentals-can-not-back-up-a-market-cap-of-1-5b/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Valuation remains acutely divorced from fundamentals even after a steep price correction.\n\nMeta Materials Inc. is a developer of functional materials and nanocomposite products headquartered in ...</p>\n\n<a href=\"https://investorplace.com/2021/09/mmat-stock-fundamentals-can-not-back-up-a-market-cap-of-1-5b/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MMAT":"Meta Materials Inc."},"source_url":"https://investorplace.com/2021/09/mmat-stock-fundamentals-can-not-back-up-a-market-cap-of-1-5b/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104118523","content_text":"Valuation remains acutely divorced from fundamentals even after a steep price correction.\n\nMeta Materials Inc. is a developer of functional materials and nanocomposite products headquartered in Dartmouth, Canada. It’s not a household name by any stretch. But meme rallies earlier this year took MMAT stock above the $20 level.\nUnderlying fundamentals leave a lot to be desired. Nevertheless, with a short interest ratio of 16.2%, one needs to examine this stock a bit closer. Considering we have already seen Reddit-induced rallies take MMAT stock to the promised land, the option to be complacent doesn’t exist. And given the long-term potential for its metamaterials technology, investors should expect this stock to trade at a premium.\nAccording to one research report,the metamaterials market will reach $3.61 billion in 2027, representing a CAGR of 23.6%. But at a market cap of $1.50 billion, investors have already priced in much of the potential. Plus, the financials leave a lot to be desired. Revenues have dropped from approximately $1.3 billion in 2018 to just $2.5 million during the first quarter of 2021.\nAll of these factors make it a speculative play in my eyes.Money has been made on meme stocks. But investing in meme stocks is all about having effective exit and entry strategies. That’s not to say there aren’tsome good Reddit stocks out there. However, investment decisions in this space are often based on gut feel rather than hard-nosed fundamental analysis.\nTorchlight Energy No More\nTorchlight Energy was a Plano-based oil & gas exploration firm. It was founded in 2007 and went public in 2010. The company has been struggling for a while. Before the pandemic, it struck oil and gas at one of its development wells in the Orogrande Basin in West Texas, near the Mexican and New Mexico borders. But after Covid-19 struck, Torchlight’s operations came under fire, and the company decided the best way forward would be to transform its business focus.\nThe company sought a merger with a Canadian company, Meta Materials, which had more than$1.6 million a yearin organic revenue. Upon closing the merger, Metamaterial shareholders own 75% of the combined company, while Torchlight shareholders own 25%.\nMeta Materials is primarily a development company at this stage, looking to scale up production. It generates most of its revenues from customer-funded development programs. The company undoubtedly has a very large market opportunity, although translating scientific advancements into commercial success has been challenging. That’s why there is skepticism among analysts. Mark Hake believes Meta is worth no more than the cash on its books,84 cents per share.MMAT stock is changing hands for $4.13 as I write this.\nDana Blankenhorn, meanwhile,is warning investors not to fall for the hype. He points out that the company’s intellectual property “might have relevance in defense, automotive, and medical fields if Meta can find the right partners.”\nHowever, as he points out, there are no developments on this end.\nLimited Catalysts for MMAT Stock\nOver the last several months, MMAT stock had two major catalysts that pushed up the stock price.\nThe first bump occurred when a rumor circulated on Reddit that Meta was working withTesla(NASDAQ:TSLA). The second occurred as the Torchlight deal closed. Both of these events have very little to do with the company’s fundamentals. They did not come after an earnings beat or a joint venture announcement. This confirms MMAT as a meme stock for many analysts and investors.\nMMAT reported little over half a million in revenue in its latest quarterly results and a market cap of more than $1.50 billion. It just doesn’t add up.\nEarthbound\nEventually, MMAT stock will give away its gains. Limited catalysts ensure the divorce between fundamentals and market cap cannot last forever. Retail traders focused on the short term can certainly scalp profits. But there doesn’t seem to be a hook why investors should stick around for the long term. Buying based on a post or a press release might lead to some temporary gains. But they also evaporate very quickly.\nAs I mentioned in my intro, not every meme stock is a bad one. There are plenty of great picks among Reddit favorites that make sense on fundamentals. But there are plenty you wouldn’t touch with a ten-foot pole.","news_type":1},"isVote":1,"tweetType":1,"viewCount":517,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812867547,"gmtCreate":1630574808289,"gmtModify":1632472220533,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Further upside today?","listText":"Further upside today?","text":"Further upside today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812867547","repostId":"1130673272","repostType":4,"repost":{"id":"1130673272","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630572656,"share":"https://www.laohu8.com/m/news/1130673272?lang=&edition=full","pubTime":"2021-09-02 16:50","market":"us","language":"en","title":"Support.com shares surged more than 17% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1130673272","media":"Tiger Newspress","summary":"Support.com shares surged more than 17% in premarket trading.\nSupport.com are up more than 200% over","content":"<p>Support.com shares surged more than 17% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ccede144c27b6abe88f1dcc7e13e36c9\" tg-width=\"892\" tg-height=\"632\" width=\"100%\" height=\"auto\">Support.com are up more than 200% over the last month amid increasing retail investor interest.</p>\n<p>This is certainly not a company on Wall Street's radar. There are no current analysts following the stock, says S&P Global Market Intelligence. That means there are no valid earnings or revenue estimates, much less a price target.</p>\n<p>Investors are looking to Support.com as the latest opportunity to rush into a stock with heavy short interest and run it up.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Support.com shares surged more than 17% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSupport.com shares surged more than 17% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-02 16:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Support.com shares surged more than 17% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/ccede144c27b6abe88f1dcc7e13e36c9\" tg-width=\"892\" tg-height=\"632\" width=\"100%\" height=\"auto\">Support.com are up more than 200% over the last month amid increasing retail investor interest.</p>\n<p>This is certainly not a company on Wall Street's radar. There are no current analysts following the stock, says S&P Global Market Intelligence. That means there are no valid earnings or revenue estimates, much less a price target.</p>\n<p>Investors are looking to Support.com as the latest opportunity to rush into a stock with heavy short interest and run it up.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130673272","content_text":"Support.com shares surged more than 17% in premarket trading.\nSupport.com are up more than 200% over the last month amid increasing retail investor interest.\nThis is certainly not a company on Wall Street's radar. There are no current analysts following the stock, says S&P Global Market Intelligence. That means there are no valid earnings or revenue estimates, much less a price target.\nInvestors are looking to Support.com as the latest opportunity to rush into a stock with heavy short interest and run it up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812867932,"gmtCreate":1630574767326,"gmtModify":1632472223523,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Price adjustment?","listText":"Price adjustment?","text":"Price adjustment?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/812867932","repostId":"1104073568","repostType":4,"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816680226,"gmtCreate":1630495800265,"gmtModify":1633677671539,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Further downside?","listText":"Further downside?","text":"Further downside?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816680226","repostId":"2164891066","repostType":4,"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816617418,"gmtCreate":1630495760834,"gmtModify":1633677672254,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Potential to grab low and ride on","listText":"Potential to grab low and ride on","text":"Potential to grab low and ride on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/816617418","repostId":"1123085822","repostType":4,"isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813957313,"gmtCreate":1630124426032,"gmtModify":1704956327150,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Potential?","listText":"Potential?","text":"Potential?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813957313","repostId":"1123342356","repostType":4,"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819068271,"gmtCreate":1630023004293,"gmtModify":1704954667112,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Further downside for better price to enter?","listText":"Further downside for better price to enter?","text":"Further downside for better price to enter?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/819068271","repostId":"2162199960","repostType":4,"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810046591,"gmtCreate":1629936585613,"gmtModify":1633681373313,"author":{"id":"3577274106930308","authorId":"3577274106930308","name":"Alfa86","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577274106930308","authorIdStr":"3577274106930308"},"themes":[],"htmlText":"Further potential upside?","listText":"Further potential upside?","text":"Further potential upside?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/810046591","repostId":"2162507820","repostType":4,"repost":{"id":"2162507820","kind":"news","pubTimestamp":1629934288,"share":"https://www.laohu8.com/m/news/2162507820?lang=&edition=full","pubTime":"2021-08-26 07:31","market":"us","language":"en","title":"Snowflake Beats Revenue Estimates and Gives Upbeat Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=2162507820","media":"Bloomberg","summary":"(Bloomberg) -- Snowflake Inc., the software company with 2020’s biggest U.S. initial public offering","content":"<p>(Bloomberg) -- <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a> Inc., the software company with 2020’s biggest U.S. initial public offering, delivered better-than-expected results and a rosy forecast for the current quarter.</p>\n<p>Product sales, which make up more than 90% of Snowflake’s revenue, will be $280 million to $285 million this quarter, the company said on Wednesday. Analysts have projected $271.4 million on average. Revenue also topped projections in the second quarter, and Snowflake posted a narrower loss than predicted.</p>\n<p>Snowflake, which makes software for warehousing data in the cloud, is benefiting from companies modernizing their corporate applications and networks. Customers also are seeking ways to manage and analyze ever-increasing volumes of information from multiple locations. And Snowflake is facing less of a threat from a rival Amazon Web Services product called Redshift, according to <a href=\"https://laohu8.com/S/UGBLF\">UBS AG</a>.</p>\n<p>Snowflake makes software that pulls in, stores and analyzes information from multiple systems. Its customers include BlackRock Inc. and McKesson Corp. Product revenue climbed to $254.6 million last quarter, compared with an average analyst estimate of $240.1 million. Snowflake reported a loss of 64 cents a share, narrower than the 70 cents projected.</p>\n<p>At its analyst day in June, Snowflake said it is aiming for $10 billion in sales by fiscal 2029. Analysts expect annual sales to top $1 billion in the current fiscal year, 2022.</p>\n<p>Snowflake listed on the New York Stock Exchange in September in the largest IPO ever for a software maker. The stock has more than doubled since then. It climbed as much as 5.3% to $298.75 in late trading Wednesday, before paring the gains.</p>\n<p>The onetime Silicon Valley company said in May that it no longer has a corporate headquarters because its workforce is distributed. It currently lists Bozeman, Montana -- where Chief Executive Officer Frank Slootman and Chief Financial Officer Mike Scarpelli live -- as its principal executive office.</p>\n<p>Snowflake shares rose nearly 4% in after-hour trading.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snowflake Beats Revenue Estimates and Gives Upbeat Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnowflake Beats Revenue Estimates and Gives Upbeat Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-26 07:31 GMT+8 <a href=https://finance.yahoo.com/news/snowflake-beats-revenue-estimates-gives-202528632.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Snowflake Inc., the software company with 2020’s biggest U.S. initial public offering, delivered better-than-expected results and a rosy forecast for the current quarter.\nProduct sales,...</p>\n\n<a href=\"https://finance.yahoo.com/news/snowflake-beats-revenue-estimates-gives-202528632.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/snowflake-beats-revenue-estimates-gives-202528632.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2162507820","content_text":"(Bloomberg) -- Snowflake Inc., the software company with 2020’s biggest U.S. initial public offering, delivered better-than-expected results and a rosy forecast for the current quarter.\nProduct sales, which make up more than 90% of Snowflake’s revenue, will be $280 million to $285 million this quarter, the company said on Wednesday. Analysts have projected $271.4 million on average. Revenue also topped projections in the second quarter, and Snowflake posted a narrower loss than predicted.\nSnowflake, which makes software for warehousing data in the cloud, is benefiting from companies modernizing their corporate applications and networks. Customers also are seeking ways to manage and analyze ever-increasing volumes of information from multiple locations. And Snowflake is facing less of a threat from a rival Amazon Web Services product called Redshift, according to UBS AG.\nSnowflake makes software that pulls in, stores and analyzes information from multiple systems. Its customers include BlackRock Inc. and McKesson Corp. Product revenue climbed to $254.6 million last quarter, compared with an average analyst estimate of $240.1 million. Snowflake reported a loss of 64 cents a share, narrower than the 70 cents projected.\nAt its analyst day in June, Snowflake said it is aiming for $10 billion in sales by fiscal 2029. Analysts expect annual sales to top $1 billion in the current fiscal year, 2022.\nSnowflake listed on the New York Stock Exchange in September in the largest IPO ever for a software maker. The stock has more than doubled since then. It climbed as much as 5.3% to $298.75 in late trading Wednesday, before paring the gains.\nThe onetime Silicon Valley company said in May that it no longer has a corporate headquarters because its workforce is distributed. It currently lists Bozeman, Montana -- where Chief Executive Officer Frank Slootman and Chief Financial Officer Mike Scarpelli live -- as its principal executive office.\nSnowflake shares rose nearly 4% in after-hour trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}