SLACK TECHNOLOGIES (WORK)

EARNINGS RELEASE WEDNESDAY - DECEMBER 4 (AMC)

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JUMP REPORT

Avg Daily Volume: 9,852,800    Market Cap: 12.42B
Sector: None    Short Interest: 23.52

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:           -.08/share     REV:  156.02/M
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     LAST QTR:  EPS:            -.18/share     ACTUAL:   -.14/share  (BEAT)
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     NEXT QTR:  EPS:           -.06/share     REV:  172.91/M
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     FULL YR:     EPS:            -.40/share    REV: 608.98/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  NA% OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %)  -16.31, NA, NA

EXPECTED JUMP MOVE:  12-15%

Links To Latest News and Headlines

(Bloomberg) — Citrix Systems Inc. is in advanced talks to buy the work-management platform company Wrike Inc. for more than $2 billion, according to people familiar with the matter.A deal for Wrike, owned by the technology-focused buyout firm Vista Equity Partners, could be reached as soon as this week, the people said, asking not to be identified because the information was private. It would be the largest acquisition to date for Citrix.The deal isn’t finalized and talks could still fall apart.Representatives for Citrix and Wrike didn’t respond to requests for comment. A representative for Vista declined to comment.A deal topping $2 billion would likely deliver a substantial return on Vista’s investment. It would also be the largest acquisition to date for Citrix, according to data compiled by Bloomberg.Vista acquired a majority stake in San Jose, California-based Wrike in 2018. That deal valued the company at $800 million, the Wall Street Journal reported at the time.Citrix already sells some cloud and work-from-home products but the acquisition will bring it into the area of collaboration software, which helps teams work together better and complete projects.Work collaboration software such as Wrike’s has grown in popularity as businesses have increasingly relied on remote work since the onset of the coronavirus pandemic. Wrike’s competitors include Asana Inc., Atlassian Inc.’s Trello Inc. and Slack Technologies Inc., which has agreed to be acquired by Salesforce.com Inc. Wrike was founded by Andrew Filev in 2006 and is also backed by Bain Capital Ventures and Scale Venture Partners.Shares of Fort Lauderdale, Florida-based Citrix, have gained 15% in the past year, giving the company a market value of about $16 billion.Citrix had previously been subject to a campaign by Elliott Management Corp., which first disclosed its stake in Citrix in 2015. The investor, which has since exited, argued at the time that the company was suffering from execution issues and poor management and needed to simplify its business after a misguided buying spree. Since then, Citrix has spun off its GoTo meeting business, replaced two chief executive officers, revitalized revenue growth and expanded margins.The Wrike investment was made out of Vista’s Foundation Fund III, which is focused on middle-market enterprise software, data and technology-enabled companies. The fund has deployed $2.3 billion of the $2.75 billion it has raised, according to data compiled by Bloomberg.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

When C3.ai (NYSE:AI) stock started trading in December, investors initially met shares with unprecedented demand. Prices jumped 300% within two weeks, giving AI stock the dubious award of “priciest tech stock” by Barron’s, a financial magazine. Source: Blackboard / Shutterstock Alas, such bullishness couldn’t last. C3.ai stock went on to lose a third of its value as investors reevaluated their options. With shares now at $138, is it time to pounce? The answer … is complicated. While AI stock is likely worth closer to $200 in the long run, its business model is poorly understood — despite its name, C3.ai is not actually an AI firm. That makes its shares risky: Hot-money investors will pull out when they realize the company will manage 40% to 70% annual growth, not 400% to 700%.InvestorPlace – Stock Market News, Stock Advice & Trading Tips Still, C3.ai has one of the best technological platforms in the business. So even if you’re hesitant buying shares at $138, make sure you’re ready to back up that truck the moment the stock ever crosses below $100 again. AI Stock: Red Hat for the 21st Century To understand what C3.ai does, consider the variety of apps that power a work-from-home routine. You might start the day checking emails on Microsoft (NASDAQ:MSFT) Outlook, then schedule meetings on Slack (NYSE:WORK) after logging sales calls on Salesforce (NYSE:CRM). All while trying to set up your toddler on a Zoom (NASDAQ:ZM) playdate. 7 Dividend Stocks That Are Growing Their Payouts Even those who don’t use software regularly all have the shared experience of some obtuse HR software that tells you, “your username wasn’t found in our system.” (But I work here!) It’s a tangle of software providers that rarely work together. C3.ai seeks to solve that problem for enterprise data. Founded in 2009 by veteran Silicon Valley billionaire Thomas M. Siebel, the firm packages various open-source software under a single umbrella. The final product, known as the C3.ai Suite, allows companies to use a single data-management platform. Rather than stitching together dozens of providers themselves, companies can exclusively use C3.ai to collect, distribute and analyze information. It’s not the first time a company has repackaged open-source software for enterprise use. RedHat, founded in 1993, put professional programmers (and a reasonably strong sales team) behind a new operating system Linux, which now runs 90% of public cloud computing services. And more recently, the Cloudera/Hortonworks (NYSE:CLDR) merger has worked to bring Hadoop, a powerful open-source data-networking tool, to enterprise clients. C3.ai, however, takes this a step further. It’s become arguably the best one-stop shop for companies seeking a unified data platform by including no fewer than 17 dimensions in its software suite. And according to an independent analysis by ZDNet, a business technology publication, two core patents at the company solve a long-standing issue of integrating Hadoop into enterprise software. So, even though the C3.ai Suite doesn’t focus on cutting-edge artificial intelligence, it provides the tools needed to run the massive computing power that AI and machine learning need. Growing Pains at C3.ai C3.ai isn’t without its faults. Most problematically, the company is an unabashedly technology-first, sales-second company. No salespeople sit on their executive team. And its lackluster sales performance means that the company’s top-three customers now produce almost 50% of total revenues. Growth has also slowed — the company saw just 11% revenue growth in the six months ending October 2020. These signs point to the same problem: the company needs a higher-quality sales operation. For most high-tech startups, adding a sales team is often a terrifying thought — what high-brow development team wants to “dirty” their ranks with smooth-talking salespeople? But even the highest-quality software won’t sell itself in the competitive B2B (business-to-business) world. Enterprises know that software switching costs are monumental. Most won’t switch services without a firm push from a good sales team. C3.ai has begun to solve this problem. In the past six months, the company more than doubled the stock-based compensation to its sales and marketing team. It’s a necessary first step, but the company still needs to find a winning sales formula to capitalize on its low marginal costs. AI Stock: What Is It Worth? The work-in-progress company has thrown Wall Street analysts into a virtual shouting match. The most bearish of all, J.P. Morgan analyst Mark Murphy, issued a $84 price target on the stock. This suggests a 40% downside. Meanwhile, Wedbush analyst Daniel Ives gave the company a $200 price target — creating a gap wide enough to sail a cruise liner through. In the short term, the truth is somewhere in between. C3.ai desperately needs to nurture its sales team with better management and incentives beyond generous stock options. Without that, the company will likely miss the 14.5% sequential growth that analysts expect, dragging its price to a range of $100 to $120. Longer term, however, C3.ai looks like a clear winner. Its hidden weapon, an enterprise-friendly packaging of Hadoop, is a keystone to any company that wants analytics, machine learning and AI capabilities. That includes everything from catching bank fraud to optimizing supply chains. And as the necessity for data analytics grows, so too will demand for the company’s products. Investors should observe; though the AI stock price looks weak today, it’s a long-term winner among the SaaS companies. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post With C3.ai Stock Down 22%, Investors Should Still Wait for Better appeared first on InvestorPlace.

14 Jan, 2021 @ 17:38 by Yahoo! Finance

Yahoo Finance chats with Cisco Chairman and CEO Chuck Robbins about the country’s current political chaos and the path forward.

Customer-centric Growth Expertise Honed at Salesforce and Slack will Propel LogicMonitor’s Global Scale and Technical InnovationSANTA BARBARA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) — LogicMonitor, the leading cloud-based IT infrastructure monitoring and observability platform for Enterprises and Managed Service Providers (MSPs), today announced the appointment of veteran technology leader Christina Kosmowski as President of the high-growth SaaS company. The appointment comes at a time when both LogicMonitor’s global customer base and product capabilities continue to scale rapidly. Demand from enterprises seeking full visibility into complex, hybrid IT infrastructures has created a market opportunity predicted to grow to more than $100 billion by 2024, according to IDC. LogicMonitor is well-positioned to capitalize on the opportunity. LogicMonitor recently ranked No. 378 on Deloitte’s 2020 Technology Fast 500™ due to the company’s impressive revenue growth of 255% over the past three years.Kosmowski joins LogicMonitor after spearheading Global Customer Success and Services at publicly traded Slack (NYSE: WORK), where she was instrumental in scaling the business from $90 million in annual revenue to $1 billion in annual revenue. Prior to Slack, Kosmowski spent 15 years at Salesforce (NYSE: CRM), where she oversaw functions including renewals, consulting, support and customer success management and helped the company grow from $20 million to $10 billion.As President, Kosmowski will lead LogicMonitor’s go-to-market strategy, research and development, and customer success practices as the company enters the next stage of its rapid growth trajectory. She will report to CEO Kevin McGibben and will work closely with McGibben and LogicMonitor’s leadership team to set the strategic path of the company moving forward.“LogicMonitor is serving as a catalyst for digital transformation and IT modernization at a time when the ability to provide an uninterrupted digital customer experience can make or break a business,” said Kosmowski. “I’m grateful for the opportunity to work with LogicMonitor’s top-notch team and help elevate and scale this company as it continues to deliver a valuable, world-class IT observability platform.”Kosmowski holds a board position at Rapid7 (NASDAQ: RPD), and is a founding limited partner of Operator Collective, a group of more than 100 of tech’s most sought-after operators, investors and founders from diverse backgrounds who invest in and accelerate the next generation of business-to-business technology.“I am thrilled to welcome Christina to the LogicMonitor team,” said McGibben. “Christina brings vast hands-on leadership and operations experience from her nearly two decades of leadership roles at world-class SaaS technology companies. Her energy, enthusiasm and unique expertise in building global customer-centric enterprise software businesses makes her the perfect leader as LogicMonitor continues to grow and scale aggressively.”Kosmowski began her career as a manufacturing engineer at Tenneco Packaging after receiving her bachelor’s degree in Industrial Engineering from Northwestern University and later transitioned into consulting. Kosmowski also worked as a project manager at Inforte, a global consulting firm specializing in e-business software applications.About LogicMonitor® Monitoring unlocks new pathways to growth. At LogicMonitor®, we expand what’s possible for businesses by advancing the technology behind them. LogicMonitor seamlessly monitors infrastructures, empowering companies to focus less on problem solving and more on evolution. We help customers turn on a complete view in minutes, turn the dial from optimization to innovation and turn the corner from sight to vision. For more information, visit www.logicmonitor.com. Contact  Anna Lindsey LogicMonitor Tel: (805) 323-3901 Email: anna.lindsey@logicmonitor.com

12 Jan, 2021 @ 15:55 by Yahoo! Finance

Sean Darby, global chief equity strategist at Jefferies, joins Yahoo Finance Live to discuss why it may be “time to avoid” work-from-home stocks, which outperformed in 2020 as the lockdowns prevented travel and entire economies were temporarily shut down.

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