STOCKS TELEGRAPH

Author: Shariq Khan

  • CoStar Group, Inc. (CSGP) stock declined in the current market; here is why?

    CoStar Group, Inc. (CSGP) declined in the current market after announcing its fourth quarter and fiscal 2021 results. CSGP values at $56.53, losing more than 10% compared to yesterday’s closing price. The stock closed at $62.94 at the end of the last trading session. The stock volume traded in the last trading session was around 2.07 million shares. The current market cap of the company is around $622.18 billion.

    CSGP: Q4 and Fiscal 2021 Key Financials

    • CSGP revenue in Q4 2021 was $507 million. It is a gain of more than 14% compared to the revenue of $444 million in Q4 2020.
    • Fiscal year revenue was $1.94 billion, and it is an increase of more than 17% compared to the revenue of $1.66 billion in fiscal 2020.
    • The company’s net income in Q4 2021 was around $93 million. The net income was $3 million in Q4 2020
    • CSGP net income in fiscal 2021 was around $293 million. The net income in fiscal 2020 was $227 million.
    • The Q4 2021 earnings per diluted share were $0.24.
    • As of December 31, 2021, the company had around $3.8 billion in cash and cash equivalents.

    CSGP Founder and CEO’s Remarks

    CoStar Group had another successful year in terms of revenue and sales growth in 2021, Founder and CEO of CoStar Group Andrew C. Florance commented. Their Q4 2021 revenue run rate has surpassed $2 billion, and the output of our sales has never been higher. A record $67 million in net revenue reservations for Q4 2021 pushed the company’s total net sales reservations for the year to $217 million, an 18 percent year-over-year gain.

    CSGP 2022 Outlook

    For the full year of 2022, the Company forecasts sales between $2.145 billion and $2.165 billion, reflecting an estimated 11% year-over-year increase. The company predicts sales of $510 million to $515 million in Q1 2022, reflecting a 12% year-over-year increase.

    Conclusion

    The stock of the company is down despite its excellent financial returns. The reason could be linked to its employees speaking about its surveillance and humiliating them. Many former and current employees have spoken about it. The company’s stock is declining no matter how solid the financial results are.

  • Monday.com Ltd. (MNDY) declined in the current market; here is why?

    Monday.com Ltd. (MNDY) declined in the current market; here is why?

    Monday.com Ltd. (MNDY) declined in the current market after announcing its fourth quarter and fiscal 2021 results. MNDY values at $134, losing more than 24% compared to yesterday’s closing price. The stock closed at $177.51 at the end of the last trading session. The stock volume traded in the last trading session was around 633K shares. The current market cap of the company is around $6.05 billion.

    MNDY: Q4 and Fiscal 2021 Key Financials

    • Monday.com Ltd. (MNDY) revenue in Q4 2021 was $95.5 million. It is a gain of more than 91% compared to the revenue of $50.1 million in Q4 2020.
    • Fiscal year revenue was $308.2 million, and it is an increase of more than 91% compared to the revenue of $161 million in fiscal 2020.
    • The company’s net loss in Q4 2021 was around $32.6 million. The net loss was $62.8 million in Q4 2020
    • MNDY net loss in fiscal 2021 was around $129.2 million. The net loss in fiscal 2020 was $152.2 million.
    • The Q4 2021 GAAP loss per basic and diluted share was $0.73. GAAP loss per diluted and basic share was $5.48 in Q4 2020.
    • For fiscal 2021, GAAP loss per diluted and basic share was $4.53. GAAP loss per diluted and basic share in fiscal 2020 was around $14.19.

    MNDY Co-CEOs Remarks

    Monday.com has another outstanding quarter and ended the fiscal year 2021 strong. The company grew revenue by 91% and B2B clients by 200% y-o-y, while creating record-free cash flow in Q4, said the co-founder and CEO Roy Mann. Co-CEO Eran Zinman said that in Q4, the company introduced various new features to provide clients with more comprehensive methods of designing software to operate their leading company.

    MNDY 2022 Outlook

    In terms of revenue, monday.com now predicts a y-o-y increase of 70 percent to 73 percent in Q1 2022. Its estimated revenue for Q1 2022 is between $100 and $102 million. MNDY expects a Non-GAAP loss of $47-$45 million in operational expenses.

    MNDY predicts a y-o-y increase of 53 percent to 54 percent in Fiscal 2022. Its estimated revenue for Fiscal 2022 is between $470 and $475 million. MNDY expects Non-GAAP loss of $147-$142 million in operational expenses or minus 30-31% operating margin.

    Conclusion

    The company stock is declining despite solid business achievements like the launch of Monday Work forms and Monday Canvas. The company’s net loss seems the main reason investors are shying from investing in its stock.

  • Vertiv Holdings Co (VRT) stock declined in the current market; here is why?

    Vertiv Holdings Co (VRT) stock declined in the current market; here is why?

    Vertiv Holdings Co (VRT) declined in the current market after announcing its fourth quarter and fiscal 2021 results. VRT values at $11.84, losing more than 39% compared to yesterday’s closing price. The stock closed at $19.57 at the end of the last trading session. The stock volume traded in the last trading session was around 2.31 million shares. The current market cap of the company is around $4.25 billion.

    VRT: Q4 and Fiscal 2021 Key Financials

    • Vertiv Holdings revenue in Q4 2021 was $1.4 billion, slightly higher than compared to the revenue of $1.3 in Q4 2020.
    • Fiscal year revenue was $4.99 billion, and it is a slight increase compared to the revenue of $4.37 billion in fiscal 2020.
    • The company’s net income in Q4 2021 was around $22 million. The net income in Q4 2020 was $40 million.
    • VRT’s net income in fiscal 2021 was around $119.6 million, compared to the net loss of $327 million in fiscal 2020.
    • The Q4 2021 diluted earnings per share were $0.06.
    • For fiscal 2021, diluted earnings per share were $0.33.

    External effects on Vertiv Holdings Co business

    The company has faced issues like inflation and supply chain disruption, due to which fiscal 2021 was a challenging year for the company. Despite the challenges, they achieved positive results, but they are not satisfied as the results are not per their potential and the company’s expectations. The sales in China and India were down due to the expiration of government subsidies. Another reason for the decline in sales was the lockdowns due to Covid-19.

    VRT CEO’s remarks

    Vertiv’s Chief Executive Officer Rob Johnson said that supply chain issues and inflationary pressures impacted our operational and financial performance in the third quarter. As a result, we undervalued inflation and supply chain restrictions, leading to a sluggish 2021 price reaction. With solid pricing measures, we learned from our tardy response in 2021. We anticipate these efforts to positively affect profitability in 2022, with each quarter improving on the preceding quarter and a solid second half of 2022, paving the way for future growth.

    VRT 2022 outlook

    VRT expects revenue of $1.1 billion to $1.15 billion in Q1 2022. For fiscal 2022, their estimated revenue is between $5.5 billion and $5.8 billion in total. The company expects an operating margin of around 9.1% to 9.5% in fiscal 2022.

    Conclusion

    The stock of the company is declining despite the positive results. They did not achieve their expected results, due to which the stock is declining. They constantly ignored the supply chain issues and lockdown due to the covid-19 new variants.

  • Vipshop Holdings Limited (VIPS) stock is down in the Pre-market; here is why?

    Vipshop Holdings Limited (VIPS) declined in the pre-market after announcing its unaudited fourth quarter and fiscal 2021 results. VIPS values at $8.97, losing more than 9% compared to yesterday’s closing price. The stock closed at $9.84 at the end of the last trading session. The stock volume traded in the last trading session was around 6.63 million shares. The current market cap of the company is around $6.66 billion.

    VIPS: Q4 and Fiscal 2021 Key Financials

    • Vipshop Holdings Limited’s revenue in Q4 2021 was RMB34.1 billion, slightly lower than compared to the revenue of RMB35.8 Q4 in 2020.
    • Fiscal year revenue was RMB117.1 billion, and it is an increase of more than 14.9% compared to the revenue of RMB101.9 billion in fiscal 2020.
    • Q4 2021 GMV was around RMB57 billion. GMV for fiscal 2021 was approximately RMB191.5 billion gaining more than 16% YoY.
    • The company’s net income in Q4 2021 was around RMB1.4 billion. The net income in Q4 2020 was RMB2.4 billion.
    • VIPS net income in fiscal 2021 was around RMB4.7 billion, less than compared to the net income of RMB5.9 billion in fiscal 2020.
    • The Q4 2021 diluted earnings per share were RMB2.07.
    • For fiscal 2021, diluted earnings per share were RMB6.75.

    VIPS CEO’s Remarks

    Despite a slow fourth quarter under harsh conditions, VIPS CEO Eric Shen is pleased with the overall performance in 2021. Active customers increased 13% to 93.9 million. To achieve quality and long-term growth, they will build brand partnerships, improve customer acquisition efficiency, and increase consumer loyalty.

    VIPS 2022 Outlook

    Total net revenue is expected to be between RMB27.0 billion and RMB28.0 billion in the first quarter of 2022. It’s a year-over-year drop rate ranging from 5% to 0%.

    Conclusion

    The stock of the company is down despite the solid financial statement. Pre-market is a volatile trading session as most traders prefer to trade in the regular trading session. The stock might gain value as the new trading session starts today.

  • Nu Holdings Ltd. (NU) stock gained in the Pre-market; here is why?

    Nu Holdings Ltd. (NU) gained in the pre-market after announcing its fourth quarter and fiscal 2021 results. NU values at $9.54, gaining more than 8.41% compared to yesterday’s closing price. The stock closed at $8.8 at the end of the last trading session. The stock volume traded in the last trading session was around 11.50 million shares. The current market cap of the company is around $45.67 billion.

    NU: Key Financials

    • Nu Holdings Ltd.’s revenue in Q4 2021 was $635.9 million. It is a gain of more than 221% compared to the revenue of $196.1 million in Q4 2020.
    • Fiscal year revenue was $1.7 billion. It is an increase of 130% YoY. The company achieved the milestone of achieving the highest revenue in the company’s history. Fiscal 2020 revenue was around $713.3 million.
    • The company’s net loss in Q4 2021 was around $66.2 million, improving its number by more than 38% YoY. The net loss in Q4 2020 was around $107 million.
    • NU’s net loss in fiscal 2021 was around $165.3 million; compared to the net loss of $171.5 million in fiscal 2020, the company improved its net loss.
    • For fiscal 2021, the basic and diluted loss per share was $0.1030.

    NU significant achievements in fiscal 2021

    Nu’s IPO was the world’s biggest dual listing since 2012. It raised about $2.8 billion in gross proceeds after the underwriters partially exercised their option to buy more shares. As of December 10, 2021, Nu’s Class A ordinary shares began trading on the NYSE in the United States and BDRs on the B3 in Brazil after the underwriters’ option to acquire further shares was partially exercised on January 6, 2022.

    Nu had 53.9 million subscribers in 2021, including consumers and SMEs.

    NU’s CEO Remarks

    A great beginning as a public company, says founder and CEO David Vélez, is evident in Nu’s fourth-quarter results. Our NuSócios initiative and stock exchange listings allowed millions of Brazilians to participate in the capital markets. We are currently boosting efforts to build up Nu’s dynamic ecosystem, strengthen our digital banking platform, and expand into other geographic regions to increase financial access for many people.

    Conclusion

    The company was recently listed on two stock markets, making it the first company to dually list. The company revenue has significantly increased and expects to grow at the same pace to prove value to its shareholders.

  • Teladoc Health, Inc. (TDOC) stock declined in the after-hours; here is why?

    Teladoc Health, Inc. (TDOC) declined in the after-hours market after announcing its fourth quarter and fiscal 2021 results. TDOC values at $62.16, losing more than 4.8% compared to yesterday’s closing price. The stock closed at $65.30 at the end of the last trading session. The stock volume traded in the last trading session was around 4.21 million shares. The current market cap of the company is around $10.45 billion.

    TDOC: Key Financials

    • Teladoc Health, Inc. (TDOC) revenue in Q4 2021 was $554.2 million. It is a gain of more than 45% compared to the revenue of Q4 in 2020. The Q4 2020 revenue was $383.3 million.
    • Fiscal year revenue was $2.03 billion, and it is an increase of more than 86% compared to the revenue in fiscal 2020. The fiscal 2020 revenue was $1.09 billion.
    • The company’s net loss in Q4 2021 was around $11 million. The net loss was $394 million in Q4 2020.
    • TDOC net loss in fiscal 2021 was around $428.8 million, compared to the net loss of $485.1 million in fiscal 2020.
    • The Q4 2021 loss per share was $0.07.
    • For fiscal 2021, the loss per share was $2.73.

    TDOC CEO’s Remarks

    Teladoc Health CEO Jason Gorevic said that Teladoc Health made excellent progress in 2021 in providing complete whole-person care. We met our goals, earned our clients’ trust, and connected millions of people to exceptional treatment. We will always be the first choice for customers seeking healthcare.

    Teladoc Health’s extensive virtual care services link chronic, primary, acute, and specialist care patients. We saw substantial growth and penetration in various crucial areas of our firm using BetterHelp direct-to-consumer and MyStrength Complete B2B2C strategies for proper treatment at the perfect time.

    TDOC 2022 Outlook

    The company has provided its expected financial numbers in light of the uncertain situation of a pandemic. TDOC expects revenue between $565 million to $571 million in the first quarter of 2022. For fiscal 2022, the company expects revenue between $2.55 million to $2.65 billion. They expect a loss per share of $0.60 to $0.50 in Q1, and for fiscal 2022 it anticipates a loss per share of $$1.60 to $1.40.

    Conclusion

    The company’s revenue guidance shows a gain of around 25 to 30%. The company is focusing on increasing its market share and reaching more target audiences. That is why its revenue is increasing but is not profitable yet. They are focusing on the company’s growth, and profitability is the later part of such strategies.

  • Color Star Technology Co. Ltd. (CSCW) stock declined in the current market, here is why?

    With its recent announcement of a $10 million worth of share and warrant issue, Color Star Technology Co. Ltd. (CSCW) has fallen in the current market. CSCW values at $0.25, gaining more than 51% compared to yesterday’s closing price. The stock closed at $0.52 at the end of the last trading session. The stock volume traded in the last trading session was around 2.17 million shares. The current market cap of the company is around $75.33 million.

    CSCW announcement of a $10 million share and warrant issue

    Specific institutional investors have purchased shares and warrants of Color Star Technology Co. Ltd. (CSCW) in a registered direct offering of ordinary shares and warrants. One common share and one warrant to acquire one common share make up each unit. The cost of each unit is set at $0.40.

    Prior to eliminating placement agency fees and other expected offering costs that the Company must bear, the total proceeds of the sale of the shares will be about $10.0 million. Ordinary shares and warrants for an aggregate amount of 25,000,000 ordinary shares will be issued to investors in total. The warrants are worth $0.40 per common share as a starting point.

    Overall corporate and working capital expenditures will be financed using the net proceeds of this Issue. If all closing conditions are met, the placement is scheduled to be completed on or around February 24, 2022. Additionally, Maxim Group LLC serves as the exclusive arrangement broker for this transaction.

    CSCW Financial Position

    CSCW announced its fiscal 2021 results on November 2. In fiscal 2021, the firm recorded sales of $6.8 million, up 100% compared to $0 in fiscal 2020. For the first time in three years, the firm grew sales and gross profit. CSCW also generated a $2.6 million gross profit in fiscal 2021, a 100% increase year-over-year.

    Conclusion

    The announcement of the shares and warrants offerings to direct investors adversely affected the stock. On Tuesday, its stock lost half its value when the trading started. A localized Asian version of metaverse Color World, developed by Color Star Technology, will be released this month.

  • Macy’s, Inc. (M) gained in the current market; here is why?

    Macy’s, Inc. (M) in the current market after announcing its fourth quarter and fiscal 2021 results. M values at $26.08, gaining more than 1.48% compared to yesterday’s closing price. The stock closed at $25.69 at the end of the last trading session. The stock volume traded in the last trading session was around 12.65 million shares. The current market cap of the company is around $7.69 billion.

    Macy’s: Key Financials

    • Macy’s, Inc. (M) revenue in Q4 2021 was $8.6 billion. The revenue of Q4 in 2020 was around $6.7 billion.
    • Fiscal year revenue was $24.4 billion. The revenue in fiscal 2020 was approximately $17.3 billion.
    • The company’s net income in Q4 2021 was around $742 million. The net income is more than four times compared to $160 million in Q4 2020.
    • Macy’s net income in fiscal 2021 was around $1.4 billion, more than compared to the net loss of $3.9 billion in fiscal 2020.
    • The Q4 2021 Diluted earnings per share were $2.44, comparatively more than the EPS of $0.5 in Q4 2020.
    • For fiscal 2021, Diluted earnings per share were $4.55, compared to the loss per share of $12.68 in fiscal 2020.

    Macy’s CEO Remarks

    Our fourth-quarter results capped off a terrific year, said Macy’s CEO Jeff Gennette. Despite COVID-19, supply chain issues, staffing constraints, and escalating pricing, the firm surpassed forecasts in 2021. Our organization is expanding and serving more clientele.

    Following the Polaris, the method has paid off after two years of hard work. He claimed our firm is more robust, agile, and profitable. We believe our digital focus has better positioned us for long-term profitable growth.

    2022 Outlook

    Polaris’s efforts and robust customer demand are expected to help Macy’s, Inc. achieve positive growth in 2022. Inflation, supply chain difficulties, workforce shortages, and possible COVID-19 variants are all expected macro-environment issues for the firm shortly. A calculated strategy based on these assumptions is reflected in the company’s yearly outlook. The company expects Net sales between $24,460 million and $24,700 million.

    Conclusion

    Macy’s, Inc. (M) has surpassed all its expected forecasts and is excited to announce its fiscal year performance. The company’s revenue significantly increased in the fourth quarter of 2021. The success of Polaris has proved its significance and value in the company’s growth.

  • Imperial Petroleum Inc. (IMPP) stock is gaining in the Pre-market; here is why?

    Imperial Petroleum Inc. (IMPP) gained in the pre-market despite any new or significant development in the business. IMPP values at $0.70, gaining more than 42% from yesterday’s closing price. The stock closed at $0.49 at the end of the last trading session. The stock volume traded in the last trading session was 5.80 million shares. The current market cap is around $7.05 million.

    IMPP SEC Filings

    The Company’s stock is gaining in the pre-market despite any significant news. The reason links to its recently announced SEC filings.

    On February 14, 2022, the Company announced a Statement of acquisition of beneficial ownership by individuals in an SEC Filing.

    The Company has also recently announced the closing of $12 million worth of underwritten public offering. IMPP announced a 9.600,000 unit underwritten public offering at $1.25 per unit. Each unit included one common share and one Class A warrant to acquire one common share. A 45-day option to acquire up to 1,440,000 more common shares, pre-funded warrants, or Class A warrants was also provided to the underwriter, which was partly exercised to purchase 1,440,000 additional Class A Warrants.

    Before underwriting discounts and commissions and expected offering costs, the Company’s total proceeds were about $12.0 million.

    IMPP expects to utilize the funds raised of the offering for capital expenditures, including the purchase of new vessels yet to be determined. Class A warrants are immediately exercisable for one common share at $1.25 each and expire five years after issue.

    Towerview Llc bought shares of IMPP

    Towerview Llc included Imperial Petroleum in its investment portfolio. The purchase costs ranged from $2.02 to $7.5, with an average of $2.66 cost per unit. This transaction had a 0.42 percent effect on a portfolio. As of 12/31/2021, there were 395,779 shares in the Company’s stock.

    Conclusion

    The stock of the IMPP is gaining despite any critical news. The rise may be due to the upcoming results of the fiscal year 2021. The will soon announce its FY21 results.

  • ShockWave Medical, Inc. (SWAV) stock gained in the after-hours; here is why?

    ShockWave Medical, Inc. (SWAV) gained in the after-hours market after announcing its fourth quarter and fiscal 2021 results. SWAV values at $147.49, losing more than 3% compared to yesterday’s closing price. The stock closed at $142.86 at the end of the last trading session. The stock volume traded in the last trading session was around 463.86K shares. The current market cap of the company is around $5.21 billion.

    SWAV: Key Financials

    • ShockWave Medical, Inc. (SWAV) revenue in Q4 2021 was $84.2 million. It is a gain of more than 271% compared to the revenue of Q4 in 2020.
    • Fiscal year revenue was $237 million, and it is an increase of more than 250% compared to the revenue in fiscal 2020.
    • The company’s net income in Q4 2021 was around $12.9 million. The net loss in Q4 2020 was around $15.9 million.
    • SWAV net income in fiscal 2021 was around $9.1 million. The company improved its loss from $65.7 million to $9.1 million in one year.
    • In Q4 2021, SWAV’s basic net income per share was $0.37. Diluted earnings per share were $0.34 in Q4 of 2021.
    • For fiscal 2021, the loss per share was $0.26.

    SWAV President and CEO’s Remarks

    Although faced with unexpected and unusual challenges, Shockwave Medical President and CEO Doug Godshall say his staff continues to perform effectively. In 2021, regulatory, sales, reimbursement, marketing, and operations performed well. He continued that employees and consumers have helped us improve patient outcomes for calcified vascular disease.

    SWAV 2022 Outlook

    During the entire year 2022, Shockwave Medical expects sales to be in the $405 million to $425 million range, an increase of 71-79 percent compared to revenues for the full year 2021.

    Conclusion

    The company’s stock has rallied in the after-hours due to its announcement of fiscal 2021 results. The debut of Shockwave C2 in February and the development of the US sales team and foreign distributor network drove revenue. Investors are investing in the stock due to its performance.