Thursday, 24 Sep 2020

Stock Alert: Salesforce.com Shares Hit 52-Week High

Moderna Will Present Vaccine Data in Older People at CDC Meeting

Moderna Inc. will present safety data on Wednesday from an early trial that provides the first glimpse of how its Covid-19 vaccine stimulates the immune system in older people.

The company will present “new interim safety safety and immunogenicity data from the cohorts of older adults” from its phase 1 trial, according to a statement. The results will be presented to the U.S. Center for Disease Control and Prevention’s Advisory Committee on Immunization Practices.

The company earlier published data from the same trial showing that the vaccine produced neutralizing antibodies against the coronavirus in younger adults. Triggering neutralizing antibodies in older patients is important as these patients are some of the most severely affected by Covid-19.

The Moderna vaccine is now in a large final-stage trial in the U.S., with results possible by late fall. Moderna shares rose as much as 3.1% in premarket trading in New York.

Stock Alert: Anaplan Shares Soar 25% On Upbeat Q3, FY21 Guidance

Shares of Anaplan Inc. (PLAN) are climbing more than 25% Wednesday morning, after the company issued upbeat revenue guidance for the third quarter and fiscal year 2021, while reporting a narrower loss for the first quarter.

Q3, FY21 Outlook

The company sees Q3 total revenue to be in the range of $109 million – $110 million, and fiscal 2021 revenue between $437 million and $439 million. Wall Street analysts estimate revenue of $108.35 million for the third quarter, and $433.45 million for fiscal 2021.

Q2 Results

The company’s Q2 net loss was $35.5 million or $0.26 per share compared to a loss of $40.6 million or $0.31 per share last year.

Non-GAAP loss per share was $0.04, compared to a loss of $0.12 in the second quarter of fiscal 2020.

Total revenue increased to $106.5 million from $84.5 million generated a year ago.

Analysts polled by Thomson Reuters expected a loss of $0.12 per share on revenue of $103.42 million for the quarter. Analysts’ estimates typically exclude certain special items.

Stock Alert: Workday Touches New High Ahead Of Earnings

Shares of enterprise cloud applications provider Workday, Inc. (WDAY) are climbing more than 5% Tuesday morning ahead of its second-quarter earnings scheduled for tomorrow after market close.

The stock touched a new high of $205.20 this morning. WDAY gained more than 75% in the last four months.

On average 27 analysts polled by Thomson Reuters expect the company to report earnings of $0.66 per share on revenue of $1.04 billion for the second quarter.

Stock Alert: Intuit Touches New 52-week High On Upbeat Q4 Results

Shares of accounting software maker Intuit Inc. (INTU) are rising almost 6 percent or $19.91 in Wednesday’s morning trade at $356.33, after touching a new 52-weeek high of $360 earlier, as the company’s results for the fourth quarter trumped Wall Street estimates.

Tuesday, Intuit reported net income for the fourth quarter of $445 million or $1.68 per share, compared to net loss of $44 million or $0.17 per share in the year-ago period. Adjusted earnings were $1.81 per share. Net revenue rose to $1.82 billion from $0.99 billion last year.

Analysts polled by Thomson Reuters expected earnings of $1.05 per share on revenues of $1.57 billion.

Intuit has traded in a range of $187.68 to $36.00 in the past 52 weeks.

Stock Alert: Urban Outfitters Surges 25% Driven By Strong Quarterly Results

Shares of Urban Outfitters Inc. (URBN) are gaining over 25% on Wednesday morning continuing its upward growth from last evening after the apparel retailer reported a second-quarter profit and sales that trumped Wall Street expectations driven largely by online sales.

URBN is currently trading at $26.18, up $5.38 or 25.87%, on the Nasdaq.

The company’s profit dropped to $34.40 million or $0.35 per share from $60.32 million or $0.61 per share last year. However, analysts polled by Thomson Reuters were expecting the company report a loss of $0.40 per share.

Revenue fell 16.5% to $803.27 million from $962.33 million last year. Analysts had a consensus revenue estimate of $672.63 million for the quarter.

“I’m pleased to announce URBN produced solid revenues and profits for the second quarter driven by strength in the digital channel,” said CEO Richard Hayne. “Notably, all brands were profitable and enter the fall selling season with lean inventories and positive momentum.”

Comparable Retail segment net sales decreased 13%, however was partially offset by strong double-digit growth in the digital channel.

Stock Alert: Salesforce.com Shares Hit 52-Week High

Shares of Salesforce.com Inc (CRM) touched a 52-week high of $257.00 Wednesday morning, and are currently trading at $253.73, up $37.68 or 17.44%.

The company, on Tuesday, lifted its financial outlook for the full year 2021, while reporting better-than-expected Q2 results.

For fiscal 2021, the cloud-based enterprise software marker now expects adjusted earnings of $3.72 to $3.74 per share and revenues of $20.7 billion to $20.8 billion. Analysts polled by Thomson Reuters currently estimate earnings of $2.98 per share and revenues of $20.07 billion for the period.

Previously, the company expected earnings of $2.93 – $2.95 per share and revenues of about $20.0 billion.

For the third quarter, Salesforce expects adjusted earnings of $0.73 – $0.74 per share and revenues of $5.24 billion – $5.25 billion. Analysts currently estimate earnings of $0.77 per share on revenues of $5.02 billion.

The San Francisco, California-based company’s second-quarter net income was $2.63 billion or $2.85 per share, up from $91 million or $0.11 per share last year.

Excluding items, Salesforce’s adjusted earnings were $1.33 billion or $1.44 per share for the period. Analysts expected earnings of $0.67 per share.

The company’s revenue for the quarter rose 28.8% to $5.15 billion from $4.00 billion last year. Analysts expected revenue of $4.90 billion for the quarter.

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