DocuSign Rises on Q3 Earnings Beat

Shares of DocuSign  (DOCU) – Get Report were rising Thursday afternoon after the cloud-based electronic signature solutions firm reported quarterly results that handily beat consensus analyst estimates.

For its fiscal third quarter ending in October, DocuSign earned non-GAAP net income of $0.22 per share, compared to expectations of $0.13 per share and results of $0.11 in the same period last year.

Shares were rising 7.1% to $247.13 in after-hours trading, after having risen 6.1% during the day’s trading.

Total quarterly revenue was $382.9 million, an increase of 53% year over year, compared to expectations for $361.2 million. Subscription revenue grew 54% year over year to $366.6 million, and professional services and other revenue increased 43% to $16.3 million.

“As companies accelerate the digital transformation of their business and agreement processes, DocuSign’s role as an essential cloud platform continues to grow,” said Dan Springer, DocuSign CEO. “Our Q3 results

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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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Zoom Video Gets Rocked After Earnings – Now What?

Zoom Video  (ZM) – Get Report was getting smacked around after reporting quarterly earnings, dropping about 14% on Tuesday.

Bulls are going to be especially frustrated with the post-earnings reaction, given the good report Zoom issued.

The company easily beat on earnings and revenue expectations for its fiscal third quarter. Fourth-quarter and full-year guidance even came in better than expected.

Management also provided a strong earnings outlook for next fiscal year, with its bottom-line estimates coming in ahead of consensus expectations.

However, it doesn’t seem to matter. The market is selling Zoom stock lower on the results as analysts start to worry about the stock’s valuation.

The reaction is not helping other pandemic plays, like DocuSign  (DOCU) – Get Report and Peloton  (PTON) – Get Report, which are down 6% and 4.2%, respectively.

Trading Zoom Video

Daily chart of Zoom Video stock.

Daily chart of Zoom Video stock.

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Analysts Estimate Coupa Software. (COUP) to Report a Decline in Earnings: What to Look Out for

Coupa Software. (COUP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended October 2020. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on December 7. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management’s discussion of business conditions on the earnings call, it’s worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $0.04 per share in its upcoming report,

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VMware Post Third-Quarter Earnings Beat, Raises Guidance

 VMware  (VMW) – Get Report the cloud-computing major controlled by Dell Technologies  (DELL) – Get Report, reported better-than-expected third-quarter earnings Tuesday and raised its full year guidance.

VMware reported net income of $704 million, or $1.66 per share, up from $602 million, or $1.42 per share a year ago. FactSet’s consensus called for earnings of $1.44 per share.

Revenue totaled $2.86 billion, up 8% a year ago and surpassing FactSet’s consensus of $2.81 billion.

The combination of subscription and Software as a Service (SaaS) and license revenue came to $1.32 billion, an increase of 10% from a year ago. Subscription and SaaS revenue was $676 million, the company said, an increase of 44% year-over-year, representing 24% of total revenue.

“Subscription and SaaS revenue increased 44% year-over-year in Q3 and surpassed license revenue for the first time,”  Zane Rowe, executive vice president and chief financial officer,

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Workday earnings and software subscriptions rise due to Covid-19



a group of people standing in front of a computer: Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri and Co-Founder and Co-CEO Dave Duffield ring the opening bell at the New York Stock Exchange


© Provided by Quartz
Workday Inc. Chairman, Co-Founder and Co-CEO Aneel Bhusri and Co-Founder and Co-CEO Dave Duffield ring the opening bell at the New York Stock Exchange

As professional workers in the US continue to work remotely due to the pandemic, many are discovering their HR and financial systems aren’t set up for this modern situation.

For companies that haven’t switched to cloud-based service providers, accessing sensitive and confidential documents can still require some roundabout measures. “They are having people sneaking onto their business to download some reports and being able to provide the financial numbers” Chano Fernandez, Workday’s co-chief executive officer said during a conference call on Nov. 20.

Opportunities in the cloud

Even without secret office visits, many businesses are realizing they need to modernize the various systems they use to manage employees (known as HCMs), in order to survive the pandemic and better accommodate long-term remote

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Nvidia (NVDA) earnings Q3 2021

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019.

Patrick T. Fallon | Bloomberg | Getty Images

Nvidia beat analyst expectations on both earnings and revenue in its fiscal fourth quarter, but the stock dropped more than 3% in extended trading after the company said that revenue from its data center segment would decline sequentially in the current quarter.

Here’s how Nvidia did in the quarter ending in October:

  • Earnings: $2.91 per share, adjusted, vs. $2.57 per share as expected by analysts, according to Refinitiv. 
  • Revenue: $4.73 billion, vs. $4.41 billion as expected by analysts, according to Refinitiv. 

Analysts had been expecting a big quarter from the Santa Clara chipmaker driven by sales of its graphics processing unit chips, which are increasingly important for both games and artificial

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Nvidia Reports Earnings on Wednesday: 5 Keys to Watch



a group of people standing in a room: Nvidia Reports Earnings on Wednesday: 5 Keys to Watch


© TheStreet
Nvidia Reports Earnings on Wednesday: 5 Keys to Watch

Nvidia’s shares are still well above $500 and up more than 125% on the year — gains that leave the GPU giant worth more than $330 billion.

Markets are clearly looking for Nvidia to once more comfortably beat analyst expectations when it reports on Wednesday afternoon. Currently, the consensus among analysts polled by FactSet is for Nvidia to post October quarter (fiscal third quarter) revenue of $4.41 billion (up 46% annually due to both strong organic growth and the Mellanox acquisition) and non-GAAP EPS of $2.58.

For the January quarter — Nvidia usually provides quarterly sales guidance in its reports — the revenue consensus stands at $4.4 billion (up 42%).

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I’ll be live-blogging Nvidia’s earnings report, which is typically released 20 minutes after the market’s close, and an earnings call set for 5 P.M. Eastern Time. Here

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Liquidity Services Announces Fourth Quarter and Fiscal Year 2020 Earnings Conference Call

BETHESDA, Md., Nov. 17, 2020 (GLOBE NEWSWIRE) — Liquidity Services (NASDAQ:LQDT), a global solution provider in the reverse supply chain with the world’s largest marketplace for business surplus, announced today that it will report the results of its fourth quarter and fiscal year 2020 ended September 30, 2020 on Tuesday, December 8, 2020 at 10:30 a.m. Eastern Time. The earnings press release will be distributed prior to market open on the same day. Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will host the earnings event.

Investors and other interested parties may access the teleconference by dialing (888) 771-4371 or (847) 585-4405 and providing conference ID 49992969. A live web cast of the conference call will be provided on the Company’s investor relations website at https://investors.liquidityservices.com.

An archive of the web cast will be available on the Company’s website until December 8, 2021 at 11:59 p.m. ET.

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Earnings Estimates Rising for Computer Task Group (CTG): Will It Gain?

Computer Task Group (CTG) could be a solid choice for investors given the company’s remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.

The upward trend in estimate revisions for this information technology staffing company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool — the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

For

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