STOCKS TELEGRAPH

Tag: BLIN

  • Bridgeline Digital, Inc. (BLIN) Stock Skyrockets as Latest Target of Meme Stock Phenomenon

    Bridgeline Digital, Inc. (BLIN) stock prices were up by a massive 26.84% as of the market closing on June 30th, 2021, bringing the price per share up to USD$4.30 at the end of the trading day. Subsequent pre-market fluctuations have seen the stock rise by 25.58%, bringing it up to USD$5.40.

    Unbound CMS Contract

    June 22nd 2021 saw the company announced the signing of a long-term contract of Unbound CMS with one of the largest haircutting franchises in the U.S. With more than 1800 locations across the U.S., the customer has been a long term client with Unbound CMS since 2021, when their corporate site was designed and built by the Unbound Team. Over the years, Unbound integrated store locators and developed franchisee local sites, with each Unbound-powered franchise site having its own unique URL with webpages for each location.

    Unbound Merits

    The company made moves recently to consolidate the network of franchises under the main domain, hoping to streamline the overall digital experience, while also reducing costs over the long term. After market research into evaluating CMS options, Unbound was recognized as the most appropriate solution for the project. As per a key part of the closing of this franchise-specific renewal deal, Unbound will facilitate the provision of a powerful Local Pages solution. The contract to develop and implement the new digital strategy is set to last 36 months.

    Q2 2021 Financial Reports

    Total revenue for the second quarter of fiscal 2021, ended March 31st 2021, was reported at USD$2.9 million, up from the USD$2.7 million reported for the prior year period. With total revenue consisting of Licenses and Services revenue, the former exhibited 8% growth, while the latter grew by 2%. Gross profits were also up, by 16% up to USD$1.8 million for the quarter ended March 31st 2021, comparable to the USD$1.6 million reported in the prior year period.

    Meme Stock Phenomenon

    Despite these promising developments over the quarter, there has been no news coverage or change in the fundamentals of BLIN to justify the meteoric rise it has seen lately. It seems very likely that the company is fortuitously finding itself to be the next target of the meme stock phenomenon that has been taking over stock markets as of late. Driven by retail investors who use the social media platform Reddit, this phenomenon sees underperforming stocks with high short interests get pumped by a coordinated short squeeze.

    Future Outlook for BLIN

    Despite being rife with volatility on the basis of there not being sound reasons to invest in a company based on its merit, the activity affords BLIN extensive opportunities as it sees its equity value skyrocket. Investors are hopeful that the company will make moves to maintain the momentum generated by the Reddit-driven investor community.

  • Early Morning Vibes: 4 Solid Stocks for Wednesday Trading Session

    Early Morning Vibes: 4 Solid Stocks for Wednesday Trading Session

    Good Morning

    On December 22, the American stock indexes finished trading in different directions. The S&P 500 dropped by 0.21% to 3687 points, the Dow Jones fell at a rate of 0.67%, while the NASDAQ climbed at 0.51%. Consumer confidence was significantly worse than expected. The tech sector became the leader of growth with a result of 0.86%; Apple shares acted as the engine, rising in price by 2.85%. The communications sector was one of the outsiders, losing 0.99%.
     

    Corporate Highlights

    Peloton Interactive (PTON: + 11.7%) buys exercise equipment manufacturer Precor for $ 420 million to increase production capacity.
     

    Revenue and EPS CarMax (KMX: -8.1%) were better than expected, but profit margins fell, and demand weakened at the end of the quarter due to COVID-19.

    Sports goods retailer Sportsman’s Warehouse Holdings (SPWH: + 39.6%) will be acquired by the Great American Outdoors Group.
     

    Today, world stock exchanges are showing mostly positive dynamics. The focus of attention is the unexpected statement by Donald Trump about his intention to change the parameters of the economic aid package, for which Congressmen voted yesterday. The current president believes that the one-time payment to the population should be increased from $ 600 per person to $ 2,000. Joseph Biden also noted that it is necessary to expand stimulus measures. Additional cash payments to the population should be included in the next package of assistance to the economy. Most likely, Trump will still sign the bill in the coming days.
     

    New strains of coronavirus continue to cause concern for investors, although virology experts believe that the vaccines available today are effective against the mutated COVID-19. Representatives of AstraZeneca and BioNTech agree.

    Nevertheless, full-fledged research has not yet been carried out. There is no complete confidence in this issue. In general, the news background is close to neutral, but the publication of the macrostatistics block may shift the balance in one direction or another.
     

    Economic Highlights
     

    Today there are weekly data on the number of initial applications for unemployment benefits. The indicator is expected to remain at the level of the previous week – 885

    thousand. If the actual value turns out to be above 893 thousand, it will become the highest since August. The labor market situation remains challenging. More than 5.5 million Americans are currently receiving unemployment benefits.

    Also, the indicator of the expenses of individuals for November will be published. Against the backdrop of new quarantine restrictions, consumption is expected to decrease.
     

    By 0.2% compared to October levels, which will be the first negative value since April. A month earlier, expenses increased by 0.5%.

    Today Top Movers‎

    ‎‎‎Hexo Corp (HEXO)‎‎ share price gaining 300.00% at $4.08 in early morning trading session today following its declaration of lapse of base shelf prospectus.‎‎ ‎

    ‎‎‎Ocugen, Inc (OCGN)‎‎ increasing 83.81% at $1.48 during premarket trading on Wednesday after the company and Bharat Biotech declared the signing of binding letter of intent (LOI) to co-develop Bharat Biotech’s COVID-19 vaccine candidate, COVAXIN, for the United States market.‎‎ ‎

    ‎‎‎Jaguar Health Inc (JAGX)‎‎ is up 52.85% at $0.61 in today’s premarket trading session after declaring the voting results of Jaguar’s December 9, 2020 in the Special Meeting of Stockholders.‎‎ ‎

    ‎‎‎Onconova Therapeutics Inc (ONTX)‎‎ share price changing with the gain of 38.76% at $0.59 in premarket trading on Wednesday after announcing FDA Permission for study to proceed under its investigational new drug application for Multi-kinase CDK4/6 Inhibitor ON 123300.

    Top Upgrades & Downgrades


    Truist Securities turned bullish on Pioneer Natural Resources Company (PXD), upgrading the stock to “Buy” and assigning a $135.0 price target.
     

    Rent-A-Center Inc. (RCII) has won the favor of Loop Capital’s equity research team. The firm upgraded the shares from Hold to Buy and moved their price target to $50.
     

    Illumina Inc. (ILMN) received an upgrade from analysts at Piper Sandler, who also set their one-year price target on the stock to $415.0. They changed their rating on ILMN to Overweight from Neutral in a recently issued research note.
     

    Earlier Wednesday BMO Capital reduced its rating on Fubotv Inc (NYSE: FUBO) stock to Market Perform from Outperform and assigned the price target to $50.
     

    Canaccord Genuity analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Paysign Inc (NASDAQ: PAYS) has been changed to Hold from Buy and the new price target is set at $5.
     

    Analysts at BMO Capital downgraded IAC/Interactivecorp (NASDAQ: IAC)’s stock to Market Perform from Outperform on Wednesday.

    Latest Insider Activity


    FireEye Inc. (FEYE) EVP and General Counsel King Alexa announced the sale of shares taking place on Dec 21 at $20.03 for some 56,532 shares. The total came to more than $1.13 million.
     

    Apartment Investment and Management Company (AIV) Director STEIN MICHAEL A sold on Dec 21 a total 0 shares at $4.70 on average. The insider’s sale generated proceeds of almost $0.22 million.
     

    GameStop Corp. (GME) 10% Owner Cohen Ryan declared the purchase of shares taking place on Dec 18 at $15.97 for some 756,089 shares. The transaction amount was around $12.08 million.
     

    Upstart Holdings Inc. (UPST) 10% Owner Loeb Daniel S bought on Dec 18 a total 13,381,222 shares at $20.00 on average. The purchase cost the insider an estimated $24.0 million.

    Earnings To Watch


    Top US earnings releases scheduled for today include Paychex Inc. (NASDAQ:PAYX). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.66 per share from revenues of $954M in the three-month period.
     

    Analysts expect Bridgeline Digital Inc. (NASDAQ:BLIN) to report a net income (adjusted) of $0.03 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $2.64M.

  • Top 20 Stocks In Software – Infrastucture Industry

    Top 20 Stocks In Software – Infrastucture Industry

    With the increase in the advancement in technologies, the software industry is starting booming. Increasing demands for advanced software are also expected to fuel the market. Software is everywhere and this industry is considered to be an important industry as it engaged in the development of new software that provides the best services to the clients.

    This industry is huge and there are various opportunities in this industry that can be explored to grow our business. New technological advancements, new products, and a competitive market stimulated the growth of any industry. We all are well aware that the software industry is also changing every year, every month, every week, and even every day to meet the needs of their customers.  There are various opportunities in this industry one can get to grow its business.

    Check out the top 20 leading companies in the software infrastructure industry:

    Taoping Inc. (NASDAQ: TAOP)

    Taoping Inc. (NASDAQ: TAOP) Shares headed rising, higher as much as 1.44%. Taoping Inc. (TAOP) has disclosed its unaudited financial results for the six months ended June 30, 2020. Revenue was $3.7 million for the first six months of 2020, a decrease of $3.4 million, compared to $7.1 million for the same period last year. It has a market capitalization of $20.78 million at the time of writing.

    Priority Technology Holdings Inc. (NASDAQ: PRTH)

    Priority Technology Holdings Inc. (NASDAQ: PRTH) fall -4.08% after losing more than -$0.13 on Monday. Priority Technology Holdings Inc. (PRTH) disclosed that it is scheduled to participate in a virtual event as part of Alliance Global Partners’ Tech Talk series. Tom Priore, Chairman and Chief Executive Officer of Priority, will take part in a fireside chat at 11:00 a.m. EDT on October 8, 2020.

    CYREN Ltd. (NASDAQ: CYRN)

    CYREN Ltd. (NASDAQ: CYRN) last closed at $1.01, in a 52-week range of $0.31 to $1.97. CYREN Ltd. (CYRN)  has earlier revealed that it has been included as a representative vendor in Gartner’s 2020 Market Guide for Email Security, which was published on September 8, 202. The company has a total market capitalization of $61.32 million at the time of writing. Looking at its profitability its has a return on assets of -25.00%, return on equity of -75.50%, and return on investment of -50.60%.

    Synacor Inc. (SYNC)

    Synacor Inc. (SYNC) last closed at $1.52, in a 52-week range of $0.79 to $1.85. Analysts have a consensus price target of $2.22. Synacor Inc. (SYNC) announced that premium television network EPIX, an MGM Company, has deployed Cloud ID, the consumer identity and access management platform trusted by leading entertainment brands, to better serve millions of subscribers that want to view content on a range of platforms.

    Bridgeline Digital Inc. (NASDAQ: BLIN)

    Bridgeline Digital Inc. (NASDAQ: BLIN) stock drop by -0.43% to $2.33. Bridgeline Digital Inc. (BLIN) disclosed today the release of Celebros Studio 9.0. The upgrade includes a newly designed Studio, redesigned with a new and improved look-and-feel and powerful new features that drive increased revenue for eCommerce websites.

    Opera Limited (NASDAQ: OPRA)

    Opera Limited (NASDAQ: OPRA) Shares headed rising, higher as much as 2.05%. The most recent rating by Cowen, on May 21, 2020, is at an Outperform. Previously, Opera Limited (OPRA) has announced that it is planning to release a new version of its Android and desktop browsers today. The release is happening in parallel to celebrate the completely redesigned sync capabilities between the browsers. Opera for Android is reaching version 60 and Opera for desktop version 71.

    SecureWorks Corp. (NASDAQ: SCWX)

    SecureWorks Corp. (NASDAQ: SCWX) rose 1.61% after gaining more than $0.19 on Monday. SecureWorks Corp. (SCWX) has previously announced it has executed the acquisition of Delve. This company has traded up 126.28% from its 52-weeks low and moved down -34.34% from its 52-weeks high.

    Usio Inc. (NASDAQ: USIO)

    Usio Inc. (NASDAQ: USIO) last closed at $1.60, in a 52-week range of $0.75 to $3.72. Usio Inc. (USIO) earlier disclosed the closing of an underwritten public offering of common stock for gross proceeds of approximately $8 million, prior to deducting underwriting discounts and commissions and offering expenses payable by Usio.

    i3 Verticals Inc. (NASDAQ: IIIV)

    i3 Verticals Inc. (NASDAQ: IIIV) stock soar by 1.39% to $26.17. The most recent rating by Raymond James, on September 23, 2020, is at a Strong buy. i3 Verticals Inc. (IIIV) disclosed the acquisition of three companies that strengthen its vertical focus. The first acquisition is within the Company’s fast-growing Public Sector vertical. The second acquisition is within the Company’s Healthcare vertical and offers medical billing and other software. The final acquisition offers proprietary technology that will augment the Company’s existing platform across several verticals.

    CSG Systems International Inc. (NASDAQ: CSGS)

    CSG Systems International Inc. (NASDAQ: CSGS) shares headed rising, higher as much as 0.82%. The most recent rating by Sidoti, on March 10, 2020, is at a Buy. CSG Systems International Inc. (CSGS) disclosed today it has joined the Innovation Corridor, a global technology and innovation accelerator. CSG will work with Innovation Corridor partners including national labs, government, research universities, and entrepreneurs, to support the transformation of municipalities into “smart cities” using innovative technologies such as IoT, 5G, and artificial intelligence after this move.

    SPS Commerce Inc. (NASDAQ: SPSC)

    SPS Commerce Inc. (NASDAQ: SPSC) last closed at $87.79, in a 52-week range of $31.28 to $85.89. Analysts have a consensus price target of $81.71. SPS Commerce Inc. (SPSC) earlier launched the latest evolution of SPS Commerce Fulfillment for Intuit QuickBooks. The full-service EDI offering fully automates sales order fulfillment to support omnichannel retail businesses.

    Datasea Inc. (NASDAQ: DTSS)

    Datasea Inc. (NASDAQ: DTSS) shares were trading down -1.79% at $3.29 at the time of writing on Monday. Datasea Inc. (NASDAQ: DTSS) share price went from a low point around $0.82 to briefly over $7.39 in the past 52 weeks, though shares have since pulled back to $3.29. DTSS market cap has remained high, hitting $65.80M at the time of writing, giving it a price-to-sales ratio of more than 40.

    Talend S.A. (NASDAQ: TLND)

    Talend S.A. (NASDAQ: TLND) stock soar by 0.38% to $41.88. The most recent rating by Goldman, on June 07, 2019, is at a Sell. Covanta has recently selected Talend S.A. (TLND), a leader in data integration and data integrity, to serve as the foundation for its Data Hub, which will be accessed across the organization to improve operational efficiencies and ensure workplace safety.

    NetScout Systems Inc. (NASDAQ: NTCT)

    NetScout Systems Inc. (NASDAQ: NTCT) last closed at $23.87, in a 52-week range of $19.11 to $29.62. Analysts have a consensus price target of $27.30. NetScout Systems Inc. (NTCT) announced earlier the findings of its 1H 2020 Threat Intelligence Report, which reinforces the dramatic impact cybercriminals have had during the COVID-19 pandemic.

    Varonis Systems Inc. (NASDAQ: VRNS)

    Varonis Systems Inc. (NASDAQ: VRNS) stock soar by 1.05% to $126.47. The most recent rating by JMP Securities, on August 04, 2020, is at an Mkt outperform. Varonis Systems Inc. (VRNS) disclosed that it will report its third-quarter 2020 financial results following the close of the U.S. financial markets on Monday, October 26, 2020.

    Bottomline Technologies (de) Inc. (NASDAQ: EPAY)

    Bottomline Technologies (de) Inc. (NASDAQ: EPAY) Shares headed rising, higher as much as 0.71%. The most recent rating by DA Davidson, on May 04, 2020, is at a Neutral. EPAY announced a partnership with Dow Jones Risk & Compliance, which adds key data to Bottomline’s Anti-Money Laundering and Counter-Terrorist Financing monitoring and screening capabilities, used to identify and thwart illicit transactions.

    Tucows Inc. (NASDAQ: TCX)

    Tucows Inc. (NASDAQ: TCX) stock soar by 0.32% to $74.09. The most recent rating by Cantor Fitzgerald, on August 25, 2015, is at a Buy. Tucows Inc. (TCX) has a 52-weeks low range of $42.50 and a 52-weeks high range of $75.00. This company has traded up 74.33% from its 52-weeks low and moved down -1.21% from its 52-weeks high. This company has a total market capitalization of $784.61 million at the time of writing.

    Endava plc (NYSE: DAVA)

    Endava plc (NYSE: DAVA) rose 2.02% after gaining more than $1.32 on Monday. Looking at its profitability its has a return on assets of 6.60%, return on equity of 10.50%, and return on investment of 7.00%. This company has a total market capitalization of $3.63 billion at the time of writing.

    Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)

    Net 1 UEPS Technologies Inc. (NASDAQ: UEPS) shares headed falling, lower as much as -1.76%. The most recent rating by B. Riley FBR, on September 08, 2020, is at a Buy. Net 1 UEPS Technologies Inc. (UEPS) share price went from a low point around $2.70 to briefly over $4.45 in the past 52 weeks, though shares have since pulled back to $3.34 on Tuesday. UEPS market cap has remained high, hitting $191.85 M at the time of writing

    EVO Payments Inc. (NASDAQ: EVOP)

    EVO Payments Inc. (NASDAQ: EVOP) fall -0.43% after losing more than -$0.11 on Monday. EVO Payments Inc. (EVOP) has a 52-weeks low range of $10.12 and a 52-weeks high range of $30.00. This company has traded up 151.19% from its 52-weeks low and moved down -15.27% from its 52-weeks high.