STOCKS TELEGRAPH

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  • SolarWinds Corp. (SWI) Stock Plummets Following Announcement of Completion of Spin-Off Business

    SolarWinds Corp. (SWI) Stock Plummets Following Announcement of Completion of Spin-Off Business

    SolarWinds Corp. (SWI) stock prices were down by a massive 47.37% as of the market closing on July 19th, 2021, bringing the price per share down to USD$8.92 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall by another 37.00%, bringing it down to USD$10.66.

    Spin-Off Business

    July 20th, 2021 saw the company announce the completion of its previously announced spin-off of the SWI managed service provider (MSP) business into N-able, Inc., a standalone public company that is traded separately. With the completion of the transaction having taken place on July 19th, 2021, the newly listed spin-off company will facilitate the provision of cloud-based software solutions for managed service providers.

    Birth of N-able

    This, in turn, will allow the MSPs to support digital transformation and growth within small and medium-sized enterprises. While N-able will be listed on the New York Stock Exchange under the NABL ticker, SWI will retain control of its Core IT Management business, which will primarily focus on Providing IT infrastructure management software to corporate IT organizations.

    Financial Forecasts

    Following the company’s initial review of its financial performance for the second quarter of 2021, SWI anticipates reporting total revenue ranging from USD$260.8 million to USD$262 million. This forecast accounts of roughly 6% year-over-year growth, including the company’s Core IT Management revenue-generating USD$176 million to USD$177 million, representing a 2% year-over-year increase. GAAP net loss for the second quarter of 2021 is expected to be in the range of USD$10.4 million and USD$11.3 million.

    Private Placement Offering

    July 12th, 2021 saw the company announce having entered into a definitive agreement with various institutional accredited investors in regard to a private placement financing transaction. The transaction is expected to generate roughly USD$225 million before the deduction of expenses related to the offering. As per the agreement, the company will issue a total of 20,623,282 shares of its common stock, with each share being priced at USD$10.91. Having culminated on July 19th, 2021, N-able will diver the net proceeds generated from the offering to SolarWinds before the closing of the distribution. The capital generated is expected to be used in distribution to its stockholders, as well as to pay down existing third-party indebtedness.

    Future Outlook for SWI

    Armed with the influx of capital from the offering having resulted in a healthier balance sheet, SWI is poised to capitalize on the opportunities presented to it and its spin-off business. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate a continued trajectory of success for the company.

  • Exela Technologies, Inc. (XELA) Stock Continues Rising After Expansion of Product Offerings

    Exela Technologies, Inc. (XELA) Stock Continues Rising After Expansion of Product Offerings

    Exela Technologies, Inc. (XELA) stock prices were up 4.48% shortly after the opening of market trading on July 12th, 2021, bringing the price per share up to USD$3.04.

    Expansion of Offerings

    July 12th, 2021 saw the company announce the expansion of its offering of AI-enabled automation in the BPA space. The company will do this via the combination of its Intelligent Document Processing with its robotic process automation platform. The automation solution will be a frontrunner of the industry and will be deployed in the healthcare and public sector, further consolidating XELA as an industry leader.

    Intelligent Document Processing

    Intelligence Document Processing will enable the automation of document classification, data extraction, and data, made possible by the routing into a cloud or on-premise hosted service portal. This portal can be accessed from anywhere at any time, facilitating the provision of a containerized, dynamically scaling solution.

    Utility of IDP

    The use of the IDP system allows the company to leverage its extensive and growing library of machine learning-based classifiers. These classifiers substantially enhance the automation of document processing in the healthcare and public sector. XELA has plans to increase the scope of its projects in the finance and legal sectors in the short term future. The solution includes a modernized data solution build on the delivery of rule-based, character-level data correction capabilities that serve to drastically reduce the keystrokes required to meet customer service level targets. The IDP manual entry solution allows the company to leverage manual entry operators that can work remotely from anywhere while preserving data security using a proprietary snippet routing engine.

    Combination with EON

    Furthermore, EON will facilitate the automation of simple or complex workflows to usher in efficiency and accuracy gains, while also freeing up human capital to be allocated towards other higher-value uses. The automation platform facilitates the automation of both attended and unattended automation deployments. The company continues to expand its portfolio of solutions to meet the changing requirements of its consumer base, with the latest IDP and EON combination embracing the evolution of work to an accessibility-oriented environment that customers and their employees having been embracing since the onset of the global pandemic.

    Future Outlook of XELA

    The company is poised to capitalize on the opportunities afforded to it in regard to the development of its offerings. With a focus on hasty commercialization and effective proliferation of its products, the company is keen to usher is substantial and sustained increases in shareholder value.

  • PubMatic, Inc. (PUBM) Stock Rising as Collaboration with IRIS.TV Continues to Develop

    PubMatic, Inc. (PUBM) Stock Rising as Collaboration with IRIS.TV Continues to Develop

    PubMatic, Inc. (PUBM) stock prices were up by 4.02% as of the market closing on July 8th, 2021, bringing the price per share up to USD$34.91 at the end of the trading day. After-hours trading saw the stuck surge by 10.25%, bringing it up to USD$38.49.

    Third Party Cookies

    The company’s equity value surged in June after Google made an announcement in regard to third-party cookies, which are online identity trackers used in targeted advertising. Google announced it was getting rid of cookies and ad-tech stock across the board suffered. June 24th 2021, however, saw Google report that it would keep cookies through to 2023. This report grants ad-tech companies like PUBM more time to find an alternative to cookies.

    Circumventing Disaster

    While cookies are more important for demand-side platforms, such as brands or ad agencies, PUBM partners with content publishers as a sell-side ad-tech company. The third-party cookie situation is reported as a risk in the company’s filings with the Securities and Exchange Commission.

    Ahead of the Curve

    Nevertheless, the company pointed out that the majority of its revenue can already be generated with alternatives to third-party cookies in its more recent quarterly conference call, going as far as to suggest the alternatives may even be better than third party cookies. While cookies are anonymous identifies, the company is keen to use alternative identifiers that provide greater addressability, facilitating an environment to drive better utilization of its infrastructure.

    Partnership with IRIS.TV

    June 29th 2021, announced its global partnership with IRIS.TV, aimed to facilitate buyers’ accessibility to contextually targeted connected TV and video inventory in efficient, biddable environments. This move provides media buyers with access to leading video data targeting tools enabled by IRIS.TV, which will assist targeted advertising across PUBM’s brand-safe cross-screen programmatic inventory.

    Scope of Collaboration

    Digital video and CTV ad spending has steadily increased, establishing the necessity of brand safety and verification tools to protect brand equity and combat ad fraud. Brands are able to better plan, activate, and measure CTV and video advertising campaigns with data-driven, video-level targeting, this ensuring brand safety is not compromised. Furthermore, post-campaign verification ensures maximum possible returns on investment, while providing insights that help prevent ad fraud.

    Future Outlook for PUBM

    Already poised to circumvent the fallout from the retiring of third party cookies by Google, PUBM is keen to continue extrapolating its trajectory of growth with its expansive partnership with IRIS.TV. Investors are hopeful that the combined resources from the partnership will result in promising returns on shareholders’ investments over the long term.

  • Streamline Health Solutions, Inc. (STRM) Stock on the Rise Following Acquisition of New Contract

    Streamline Health Solutions, Inc. (STRM) Stock on the Rise Following Acquisition of New Contract

    Streamline Health Solutions, Inc. (STRM) stock prices were up by 7.02% shortly after market trading commenced on June 30th, 2021, bringing the price per share up to USD$1.84 early on in the trading day.

    New Contract

    June 30th, 2021 saw the company announce the signing of a contract with a 2,367-bed, Epic EMR-based health system serving the Midwest U.S. STRM’s eValuator cloud-based automated pre- and post-bill coding analysis technology will be used by the health system to improve revenue integrity, as well as a financial performance from both inpatient and outpatient services.

    Scope of eValuator

    The company is revolutionizing the industry with a movement to facilitate financial improvement with the use of pre-bill technology. eValuator offers providers the chance to address coding issues before they contribute to lower revenues, denied claims, and non-compliance exposure. STRM combines this innovative technology with expert auditing services in order to provide its clients with a comprehensive Revenue Integrity Program. The eValuator program substantially improves current financial performance by helping users optimize coding and documentation accuracy for pre-billing patient encounters. The program also serves to assist providers in making the transition to new payment models.

    PPP Forgiveness

    STRM announced on June 16th, 2021 that it had received a notice from Western Alliance Bank, the lender of the company’s Paycheck Protection Program loan which approved the forgiveness of the PPP loan. A total of USD$2,300,600 had been approved to be written off by the U.S. Small Business Administration. The financial support stemming from the implementation of the CARES Act has helped U.S businesses stay afloat over the course of the devastating coronavirus pandemic. The loan-turned-grant allowed the company to maintain its workforce despite the effects of the Covid-19 situation.

    Revenue Reports

    Revenues for the first quarter of the fiscal year 2021 were reported at USD$3 million, up from the USD$2.9 million reported in the prior-year quarter. SaaS revenue was up a very healthy 32% as compared to reports from the first quarter of the fiscal year 2020, largely contributing to the growth in total revenues for the quarter. The increase was partially offset by lower revenue from professional services, audit services, and maintenance and support.

  • Qualtrics International Inc. (XM) Stock Inches Up Following Expansion of Solutions Catalogue

    Qualtrics International Inc. (XM) Stock Inches Up Following Expansion of Solutions Catalogue

    Qualtrics International Inc. (XM) stock prices were up by a marginal 0.16% as of the market closing on June 15th, 2021, bringing the price per share up to USD$36.58.

    XM Offers New Solutions

    The company recently announced new solutions to accelerate the pace of innovation across the digital channels of B2B and B2C organizations. The innovative solutions, that expand upon the portfolio of solutions already released since the start of the year, facilitate the rapid and effective designing and optimizing of web and in-app experiences by respective digital teams.

    Utility of Solutions

    The solutions help allow companies to combine experience data-direct consumer feedback in regard to their online interactions and digital analytics, such as page views. This serves to help companies increase conversion, attract new and returning customers, and push for growth through their digital channels.

    Digital Transformation

    A recent study by the Qualtrics XM Institute indicted that more than 75% of more than 17.000 global consumers initiated digital activities over the prior year, including the ordering of groceries, taking of online courses, and receiving medical advice. With digital transformation efforts being accelerated by several years owing to the global restrictions imposed by the onset of the coronavirus pandemic, the onus is on companies to adapt to this change and deliver digital experiences that retain and expand their existing customer bases. Customers who report emotion as being a significant part of their overall experience are at least 35% more likely to make repeat purchases and to recommend the brand.

    Scope of Solutions

    Qualtrics works in tandem with various leading digital platforms, working to improve their web and mobile experiences through the user’s perspective. These integrations allow the company to replay visitors’ sessions, such as when making a purchase, facilitating the pinpointing of moment and causes for a failure to convert visitors into customers. In conjunction with customer feedback and behavioral signals, such as rage clicking, companies have immediate access to causes for churning and the impact of churning on their digital revenue, thereby allowing them to take immediate action to improve the experience within their existing CRM systems.

    Future Outlook for XM

    Armed with the recent expansion of the catalogue of solutions offered by XM, the company is poised to continue its trajectory of success. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Senseonics Holdings Inc (SENS) Stock Continue Upward Trend Following Results of PROMISE Study and Continued Meme Stock Craze

    Senseonics Holdings Inc (SENS) Stock Continue Upward Trend Following Results of PROMISE Study and Continued Meme Stock Craze

    Senseonics Holdings Inc (SENS) stock prices were up by a significant 10.77% as of the market closing on June 11th, 2021, bringing the price per share up to USD$4.01 at the end of the trading day. After-hours trading saw the stock continue to climb by 5.24%, bringing it up to USD$4.22.

    SENS Gains Traction on Reddit

    The recent wave of the meme stock crazy running rampant through the stock market worked in SENS’s favor. With the surge in activity regarding the stock on Reddit, the combination of high short interest and positive fundamental developments made SENS a prime target for the consort of retail investors. SENS consolidated the confidence of both existing and prospective investors with Q1 2021 reports jumping to USD$2.85 million, up from the USD$36,000 reported in the prior-year quarter.

    PROMISE Study

    The company’s stock price saw a surge that it has since maintained following the announcement on June 4th, 2021 by SENS of the results of their PROMISE study. The study was designed to evaluate the safety and accuracy of the next-gen Eversense CGM System for up to 180 days with reduced calibrations.

    Presenting Results

    The findings were presented at the University of Colorado, Denver as an oral presentation at the 14th Annual ATTD Meeting, The presentation showcased results from both the primary sensor and a secondary sensor with modified chemistry in a subset of study participants. The secondary sensor is referred to as the SBA sensor.

    Scope of CGM

    With the essential value of CGM for patients with diabetes, especially the demographic requiring insulin, SENS posits that it is imperative that more patients be enabled to utilize CGM. To this end, there needs to be a greater variety of choice in product features that leads to increases accessibility. With the accuracy profile demonstrated by Eversense in the PROMISE study, the role of long-term implantable CGM system is validated in its capacity to help people manage their glucose levels.

    Key Results of PROMISE Study

    The results reported an overall mean absolute relative difference (MARD) against reference value of 9.1% for the primary sensor, spanning 49,000 paired points. The secondary SBA sensor reported a MARD of 8.5%, spanning 12,000 paired points. The confirmed hypoglycemic alert detection rate was 93% for the primary sensor and 94% for the SBA sensor.

    Future Outlook for SENS

    Armed with both the promising results of the PROMISE study and the surge in value of its equity from Reddit-driven retail investors, SENS is poised to capitalize on the opportunities presented to it. The company is keen to use this momentum to establish a continued trajectory of success. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.