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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Wovenware Named a Strong Performer Among Computer Vision Consultancies by Independent Research Firm

Wovenware, a nearshore provider of AI and digital transformation solutions, today announced that it has been named a Strong Performer in The Forrester New Wave™: Computer Vision Consultancies, Q4 2020, report on the 13 top computer vision (CV) providers. Wovenware joins large firms, such as Accenture, Capgemini, Deloitte and PwC, in receiving this designation.

Forrester’s evaluation noted that while Wovenware focuses on other computer vision use cases, “…its specialty is developing CV models for satellite and aerial imagery.” It also noted that “Wovenware is one of the few consultancies with a large, in-house, U.S.-based (in Puerto Rico) data labeling team and has a history of clients with stringent security requirements.” Based on customer interviews, the report stated that “Wovenware had glowing recommendations that praised its support for the entire CV lifecycle, technical expertise, and professional execution.”

“We’re honored to be recognized by Forrester as a strong performer and included alongside

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Historical Analysis, Opportunities And Strong Growth In Future, 2030

Pune, Maharashtra, November 13 2020 (Wiredrelease) Market.Biz :COVID-19 Analysis: Turn massive Internet Protocol Television (IPTV) CDN Market challenges into meaningful change.

Its not post-pandemic, its intra-pandemic. Were still in it, and the implications for Internet Protocol Television (IPTV) CDN Market are long-reaching. Lets face it!

As the COVID-19 pandemic wreaks havoc on our global economies, Internet Protocol Television (IPTV) CDN businesses are struggling to keep pace with circumstances that are changing day-to-day, if not hour-to-hour. While Internet Protocol Television (IPTV) CDN organizations try to find their operational and financial footings, many activities are being put on hold. Decision-makers are struggling with the question should we change the prevalent business strategy now. This starts with understanding their changing needs and concerns. Thats what Market.Biz does best.

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Internet Protocol Television (IPTV) CDN Market Projected Value in 2020 =

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Will Wynn Stock Drive Strong Gains For Investors Post Q3 Results?

The shares of Wynn Resorts (NASDAQ: WYNN) gained 56% from $90 in early 2017 to $140 in 2019, primarily supported by the company’s strong exposure to the expanding Macau Gaming Market. While the lifting of restriction measures in the U.S. and the sports betting frenzy drove a rally in Penn National Gaming (NASDAQ: PENN) and Caesars Entertainment (NASDAQ: CZR), the shares of companies having a sizable presence in Macau including Las Vegas Sands (NYSE: LVS) and MGM Resorts (NYSE: MGM) have remained subdued. Wynn Resorts released its third quarter results recently and Trefis highlights the historical revenue and earnings trends in an interactive dashboard analysis Earnings Review: Wynn Reported Lukewarm Q3 Performance But Has A Strong Liquidity

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Trade Desk Soars as Analysts Applaud Strong Earnings Report

Trade Desk  (TTD) – Get Report shares soared Friday after the ad technology company received positive commentary from analysts following a strong earnings report.

Trade Desk traded at $836.07, up 29.16%, on Friday. The stock has jumped 219% year to date.

The company reported revenue of $216.1 million for the third quarter, up 32% from $164.2 million in the year-ago quarter. Net income totaled $41.2 million, or 84 cents a share, up from $19.4 million, or 40 cents a share.

Susquehanna Financial Group analysts raised their price target to $925 from $600, maintaining a positive rating. Trade Desk “put up an enormous quarter,” they wrote in a commentary. “We’re still at the beginning of the [connected TV] revolution, and it’s not too late to jump aboard this CTV rocket ship.”

Needham analysts have a buy rating and a $750 share-price target for Trade Desk. The company offered “strong

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Roku’s CFO Talks About His Firm’s Strong Hardware and Video Ad Growth

Both Roku’s  (ROKU) – Get Report hardware sales growth and video ad sales growth inflected higher in Q3.

On Thursday afternoon, Roku reported Q3 revenue of $451.7 million (up 73% annually) and GAAP EPS of $0.09. Revenue blew away a $369 million FactSet consensus, with annual growth accelerating sharply from Q2’s 42%. EPS was well above a consensus of negative $0.42.

Platform revenue, which covers non-hardware revenue streams such as advertising, smart TV software licenses and Roku’s cuts on subscription sign-ups and content transactions made on its platform, rose 78% to $319.2 million, beating a $270 million consensus. Player (hardware) revenue rose 62% to $132.4 million, well above a $99 million consensus, with unit sales rising 57%.

Roku’s active accounts rose 7% sequentially and 43% annually to 46 million. Streaming hours watched on Roku’s platform rose 1% sequentially and 54% annually to 14.8 billion. Those figures respectively compared

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Alibaba Q2 2020: A strong financial quarter, but with a revenue miss

Alibaba has reported relatively strong second-quarter financial results, with e-commerce recovery and increasing consumer spending habits tipped as a reason for continual growth. 

On Thursday, November 5, Alibaba Group reported Q2 2020 results (statement) (.PDF), ending September 30, of $22.84 billion, up 30% year-over-year, with diluted earnings per share (EPS) (ADS) of $1.54, or non-GAAP diluted EPS of $2.65, an increase of 37% year-over-year.

Analysts expected US revenues of $23.22 billion. The consensus EPS was $2.06. However, Alibaba did exceed local Yuan expectations, based on Refinitiv forecasts.

Net income for the quarter was reported as $3.9 billion, or $4.23 billion attributable to standard shareholders. Excluding last year’s one-time gain of a 33% equity stake in Ant Group and associated share-based compensation schemes, Alibaba reported non-GAAP net income of $6.9 billion, an increase from $6.74 billion reported in the first quarter, ending June 30.

In total, Alibaba’s China retail marketplace now

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Nintendo Boosts Forecast 50% in Sign of Strong Gaming Demand

(Bloomberg) — In an unusual move midway through its fiscal year, Nintendo Co. increased its financial forecasts as consumers stuck at home during the pandemic lifted demand for games and the Switch console.

The Japanese company is now projecting 450 billion yen ($4.3 billion) of operating profit for the year, up 50% from the previous 300 billion yen. It boosted its revenue forecast to 1.4 trillion yen, from 1.2 trillion yen, and its Switch forecast to 24 million units, up from 19 million.

Nintendo also reported an operating profit of 146.7 billion yen for the September quarter, compared with the 96.2 billion yen average estimate. Revenue came to 411 billion yen, versus the 321.4 billion yen anticipated.

The rare mid-year outlook hike underscores how the gaming industry is riding a Covid-era surge. The Japanese developer of hit franchises from Mario to Zelda has outperformed thanks in part to Animal Crossing,

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Qualcomm Soars After Strong Earnings and Chip Disclosures: 6 Key Takeaways

Qualcomm  (QCOM) – Get Report is soaring to new highs after posting strong results and guidance, making new disclosures about its massive chip unit and offering an upbeat outlook for 2021 5G phone sales.

After the bell on Wednesday, Qualcomm reported September quarter (fiscal fourth quarter) revenue of $6.5 billion (up 35% annually) and non-GAAP EPS of $1.45 (up 86%), comfortably beating FactSet consensus estimates of $5.9 billion and $1.17.

For the December quarter, Qualcomm guided for revenue of $7.8 billion to $8.6 billion and non-GAAP EPS of $1.95 to $2.15. Those ranges are respectively above consensus estimates of $7.14 billion and $1.69, and they imply 62% and 107% annual growth at their midpoints.

Qualcomm’s stock rose 12.9% in after-hours trading to $145.60, making new highs along the way. The company’s report coincides with the arrival of a strong report from RF chip rival Qorvo  (QRVO)

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Qualcomm Sees Strong Q4 Earnings Thanks to 5G iPhone 12

Qualcomm earned $8.3 billion in revenue in the fourth quarter of 2020, according to the company’s earnings report that was shared today. That’s up 73 percent from the fourth quarter of 2019, with Qualcomm’s strong performance due in part to the 5G chips used in the iPhone 12 and other smartphones on the market.

As reported by The Wall Street Journal, Qualcomm CEO Steve Mollenkopf said that some of the Q4 earnings report reflected iPhone sales, but earnings will be more substantial in the next quarter. “Our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses,” said Mollenkopf.

Qualcomm also received a one-time payment of $1.8 billion from Huawei, but even without that revenue, Qualcomm’s sales were up 35 percent year over year.

Apple and Qualcomm last year settled a vicious legal battle over licensing fees after it became clear Apple would

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