Cloud Software Stocks Rip Higher After Strong Earnings from Snowflake, Others

Many enterprise software stocks are adding to their big 2020 gains on Thursday, as investors take heart in a batch of strong earnings reports that were posted on Wednesday afternoon.

Zscaler  (ZS) – Get Report is up 24.3%, Okta  (OKTA) – Get Report is up 6.9%, Snowflake  (SNOW) – Get Report is up 16%, Elastic  (ESTC) – Get Report is up 14.2% and CrowdStrike  (CRWD) – Get Report is up 15.1% after each company comfortably beat its October quarter estimates and (generally speaking) issued strong guidance. And a number of other software names appear to be catching sympathy bids.

Palantir Technologies  (PLTR) – Get Report, which tumbled yesterday on a Morgan Stanley downgrade, is up 8.8%. Smartsheet  (SMAR) – Get Report is up 6.8%, Datadog  (DDOG) – Get Report is up 4.8%, Unity

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Computer Task Group (CTG) in Focus: Stock Moves 6.2% Higher

Computer Task Group, Incorporated CTG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 39.5% in the past one-month time frame.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Computer Task Group. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Computer Task Group currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Computer Task Group,

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Seven Tips To Rank Higher On Google Organically

By Ron Lieback, founder/CEO of ContentMender and author of 365 to Vision: Modern Writer’s Guide (How to Produce More Quality Writing in Less Time).

Writing without SEO in mind hurts your business. Google one of your services or products. Are you on page one of the search results, hopefully ranking in the top five positions?

If you’re not in the top five organic (not paid) positions, you’re missing out on 70.4% of traffic. According to Search Engine Journal, a study that took into account 80 million keywords and billions of results reported the following clicks on the top positions:

1. 28.5%

2. 15.7%

3. 11%

4. 8%

5. 7.2%

Nowadays, browsers are wise. They trust a top organic result for a search query over the top paid Google Ad. Anyone with a huge budget can consistently rank at the top of Google Ads. Much more is needed

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Cloudflare Stock Higher as Results, Outlook Top Estimates

Shares of Cloudflare  (NET) – Get Report jumped on Friday after the cloud platform provider  reported third-quarter results that topped analyst estimates.

The San Francisco company reported a third-quarter adjusted net loss of 2 cents a share, shrunk from a loss of 16 cents in the year-earlier period. Revenue of $114.2 million was up 54% year over year. 

Analysts were expecting an adjusted loss of 5 cents a share on revenue of $103.7 million. 

In the quarter the company passed $100 million of revenue, crossed 100,000 paying customers, and released more than a dozen new products and features, Chief Executive Matthew Prince said in a statement. 

Cloudflare shares at last check jumped 17% to $67.98. 

The company expects a fourth-quarter loss of 3 cents to 4 cents a share on revenue of $117.5 million to $118.5 million. Analysts are looking for a 5-cent loss on revenue of $112.2

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Miami SEO By WeierMedia Enables Local Businesses Rank Higher On The SERPs And Boost Sales

WeierMedia provides SEO solutions for businesses in Miami that either have a website and wish to rank higher or newcomers that want an SEO-compliant webpage that can help a business do well in the extremely competitive local market.

According to announcements released by WeierMedia, this firm provides Miami SEO services for local businesses that wish to generate targeted organic traffic and bring down the costs of doing business in the highly competitive Miami market where a customer’s attention is at a premium. 

Through SEO Miami, WeierMedia enables websites to rank higher on the local SERPs for keywords that can contribute directly to a healthier bottom line and, ultimately, profits. Since a properly planned and executed SEO campaign yields benefits over a long period and can be sustained for less than what regular advertising costs, it levels the playing field for small businesses that cannot match the larger competitors’ ad

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Miami SEO By WeierMedia Enables Local Businesses Rank Higher On The SERPs And Boost Sales – Press Release

WeierMedia provides SEO solutions for businesses in Miami that either have a website and wish to rank higher or newcomers that want an SEO-compliant webpage that can help a business do well in the extremely competitive local market.

According to announcements released by WeierMedia, this firm provides Miami SEO services for local businesses that wish to generate targeted organic traffic and bring down the costs of doing business in the highly competitive Miami market where a customer’s attention is at a premium. 

Through SEO Miami, WeierMedia enables websites to rank higher on the local SERPs for keywords that can contribute directly to a healthier bottom line and, ultimately, profits. Since a properly planned and executed SEO campaign yields benefits over a long period and can be sustained for less than what regular advertising costs, it levels the playing field for small businesses that cannot match the larger competitors’ ad

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Software stocks rocket higher as divided government could put corporate tax hikes off the table, analyst says

Evercore argues that companies generating a large portion of their revenue from the U.S., like TurboTax maker Intuit, could have faced a “bigger issue” from rising corporate tax rates. The likelihood of tax hikes is now lower given the expectation for divided government.


Kimberly White/Getty Images

Software stocks are surging in Wednesday trading, with one analyst highlighting that the U.S. election results thus far suggest a divided government, which reduces the potential for corporate tax hikes.

“While the election was NOT going to be a major issue fundamentally for software no matter the outcome, the current forecast for a split government takes the risk of higher corporate taxes off the table (for now) and we expect that the focus can shift back to long-term fundamentals (positive), valuations relative to interest rates (mixed), and some of the key themes/topics for CY21,” Evercore ISI analyst Kirk Materne said in a Wednesday morning

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3 Reasons Pinterest Stock Is Exploding Higher Again

For the second time in a row, Pinterest (NYSE:PINS) skyrocketed following an earnings report that blew past expectations. This time the image discovery specialist posted strong numbers across the board, including on user growth, revenue growth, and the bottom line. The stock closed up 31% in after-hours trading.

Looking beyond the headline numbers, keep reading to see three reasons Pinterest shares are soaring on its third-quarter earnings report.

A woman looking at a Pinterest board on an iPad.

Image source: Pinterest.

1. Pinterest crushed its own guidance

There were signs coming into the report that Pinterest could surge past its own forecast, and that’s exactly what it did. In its second-quarter earnings report, the company gave guidance that seemed to be conservative: It noted that revenue grew about 50% in July, but called for just 35% top-line growth for the entire quarter, assuming growth would slow to about 27% in August and September.

Instead, revenue jumped 58%, smashing both the

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Tech giants report higher profits

Five technology giants are reporting earnings Thursday, providing the latest indication of whether they are rebounding from an economic slowdown earlier this year.

The results come a day after the CEOs of Facebook, Google and Twitter testified before the Senate Commerce Committee, rebuffing accusations of anti-conservative bias and promising to aggressively defend their platforms from being used to sow chaos in next week’s election.

Apple and Amazon are also reporting results Thursday.

ALPHABET

Google’s corporate parent Alphabet returned to robust financial growth during the summer. In the previous quarter, it suffered its first-ever quarterly decline in revenue amid the economic slowdown stemming from the COVID-19 pandemic.


The company’s revenue for the July-September period rose 14% from the same time last year to $46.2 billion. Its profit soared 59% to $11.2 billion, or $16.40 per share. Both figure easily surpassed analyst estimates, lifting Alphabet’s stock price by 9% in Thursday’s extended

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Microsoft Rides Cloud To Higher Earnings

Microsoft on Tuesday said its profit in the recently ended quarter continued to soar as the pandemic boosted a trend toward business being taken care of in the internet cloud.

The US technology titan’s profit rose to $13.9 billion, up 30 percent from the same quarter last year, according to earnings figures.

Revenue in the quarter climbed 12 percent to $37.2 billion.

“Demand for our cloud offerings drove a strong start to the fiscal year,” said Microsoft chief financial officer Amy Hood.

Microsoft took in $15.2 billion in revenue from cloud computing offerings for businesses, up 31 percent from the same period last year, according to Hood.

Demand for software, services, and data storage hosted online at datacenters that had been steadily growing for years has rocketed during the pandemic as shopping, learning, work and more are tended to online due to the pandemic.

Businesses are under pressure to engage

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