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Tag: NASDAQ:GDYN

  • Pre-Market Action Heats Up For Grid Dynamics (GDYN)

    Pre-Market Action Heats Up For Grid Dynamics (GDYN)

    Shares of Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) surged in premarket trading, climbing 7.40% to $22.63, following news of the company’s upcoming inclusion in a major stock index.

    Index Inclusion Boosts GDYN Shares

    The announcement has sparked investor enthusiasm as GDYN prepares to replace Revelyst Inc. (NYSE: GEAR) in the S&P SmallCap 600, effective before the market opens on Thursday, January 2. This change comes amid Strategic Value Partners’ acquisition of Revelyst, a deal nearing completion pending final conditions.

    Innovative Developer Portal Enhances SDLC Management

    In a strategic move, Grid Dynamics recently unveiled its cutting-edge developer portal, a self-service platform designed to optimize the software development lifecycle (SDLC). The portal provides a centralized interface for managing software components, environments, and provisioning templates.

    Key features include integration of release management, continuous integration, incident management, and other critical development tools into a unified system. This innovation aims to accelerate development cycles, simplify operations, and enhance developer productivity for Grid Dynamics’ clients.

    The portal addresses the growing complexity faced by modern development teams, who often manage numerous tools, dashboards, and tracking systems. By serving as a comprehensive control center, it streamlines processes, automates routine tasks, and offers visibility across the SDLC.

    Key functionalities include environment and API management, provisioning, deployment, and automated checks with resource optimization recommendations. The modular framework allows customization, enabling teams to deliver high-quality software at scale with increased efficiency.

    Solving Critical Challenges for Engineering Teams

    Grid Dynamics’ developer portal offers a cost-effective solution to the widespread challenge of integrating diverse development tools and resources. Many organizations struggle to achieve a holistic view of their systems or resort to expensive custom solutions. The portal’s flexible architecture empowers teams to build tailored self-service portals, enhancing productivity and ensuring process consistency.

    Innovation to Drive Growth

    Serving as a pivotal element of Grid Dynamics’ GigaCube growth strategy, the developer portal addresses critical use cases across the SDLC, including portfolio management, environment control, release automation, and knowledge base integration.

    By acting as a central hub for discovery, integration, and governance, the portal supports GDYN’s commitment to innovation. This strategic initiative positions Grid Dynamics to continue delivering transformative solutions to its clients while maintaining its competitive edge in the tech industry.

  • Why Is Grid Dynamics (GDYN) Stock Falling In Early Trades Today?

    Why Is Grid Dynamics (GDYN) Stock Falling In Early Trades Today?

    Shares of leading enterprise-level digital transformation company, Grid Dynamics Holdings Inc. (GDYN) were down -4.60% to $19.48 just minutes after the opening bell in today’s regular session. As of Thursday’s premarket, GDYN shares have fallen -13.8% to $17.6025. The Grid Dynamics stock finished the last session at $20.42, down just -0.10%. Trading volumes for Grid Dynamics stocks came in at 0.67 million shares, which is higher than the average daily volumes of 0.39 million shares over the last 50 days.

    The GDYN stock price has gained 16.35% over the past five days which increases to 30.15% over the last month. So far this year, the GDYN stock price has gained 62.06 percent and increased 41.41% over the last three months. The price to cash flow ratio of the GDYN stock is 106.42, and the price to sales ratio is 8.57.

    GDYN stock is fluctuating in the premarket session as the company announced the date of release of its quarterly results yesterday.

    When will GDYN release its results?

    Global technology services company Grid Dynamics is accelerating growth and enhancing the competitive advantage of Fortune 1000 companies through digital-native technologies. A digital transformation consultancy and implementation company, GDYN offers services such as big data analytics, searching, artificial intelligence, cloud migration, and application modernization.

    With technology accelerators, an agile delivery culture, and a global engineering team, GDYN achieves high speed-to-market, quality, and efficiency. GDYN was founded in Silicon Valley in 2006, with offices in the United States, United Kingdom, Netherlands, Mexico, and Central & Eastern Europe.

    On Thursday, August 5, 2021, Grid Dynamics will host a conference call beginning at 4:30 p.m. ET.

    • GDYN will discuss its second quarter 2021 financial results on the conference call.
    • GDYN will also issue a news release containing these results prior to the conference call.
    • The GDYN will make access to the call as easy as possible for interested parties and investors.
    • GDYN will webcast the conference call through its Investor Relations section on its website.
    • Individuals interested in accessing the call can also join dialing +1(855)327-6837 or +1(631)891-4304 (outside of the United States).
    • In addition to the live broadcast, GDYN’s website will offer a replay within an hour of the call.
    • Replays will start at 7:30 pm ET on August 5, 2021, and will run until August 19, 2021, 11:59 pm ET on GDYN site.

    A new member added to GDYN team:

    Grid Dynamics (GDYN) this week announced the addition of Rajeev Sharma to its executive team as its Chief Technology Officer. Under Rajeev’s leadership, GDYN’s technical strategy will be defined, its technical solutions portfolio will expand, and it will implement the digital transformation that has become synonymous with the brand.

  • Is There Any Reason As To Why The GDYN Stock Fell By 8% After Hours?

    Is There Any Reason As To Why The GDYN Stock Fell By 8% After Hours?

    On the last check Tuesday, shares of the enterprise-level digital transformation leader, Grid Dynamics Holdings Inc. (GDYN) were down -7.69 percent at $16.20 in after-hours trading. The stock of Grid Dynamics fell -2.72 percent to $17.55 at the end of the regular session. The stock of GDYN traded in a range of $17.51 to $18.29.

    The volume of GDYN stock traded was 0.13 million shares, which was lower than the daily average of 0.16 million shares for the previous 100 days. In the previous five days, GDYN stock has fallen -4.52 percent, but has gained 14.18 percent in the last month. Following the commencement of a public offering, the GDYN stock plunged.

    What does GDYN have to offer?

    Grid Dynamics is a digital-first technology services company that helps Fortune 1000 organisations expand faster and gain a competitive advantage. In omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernization, GDYN delivers digital transformation consultation and implementation services.

    Grid Dynamics uses technological accelerators, an agile delivery culture, and a pool of global technical talent to achieve high speed-to-market, quality, and efficiency. GDYN is based in Silicon Valley and has offices throughout the United States, the United Kingdom, the Netherlands, Mexico, Central and Eastern Europe.

    Grid Dynamics announced the start of an underwritten follow-on public offering of 10,100,262 shares of common stock yesterday.

    • Grid Dynamics will offer 4,000,000 shares, while certain selling stockholders will offer 6,100,262 shares in GDYN’s offering.
    • The selling investors will not get any proceeds from the sale of their shares to GDYN.
    • GDYN and some selling investors also plan to provide the underwriters a 30-day option to buy up to 1,515,039 additional shares of common stock.
    • For GDYN’s offering, JP Morgan Securities, LLC, William Blair & Company, LLC, and Cowen and Company, LLC are acting as joint book-running managers.

    Acquisition strategy:

    Tacit Knowledge, a Pitney Bowes subsidiary and premier provider of end-to-end digital commerce solutions for global companies, was purchased by Grid Dynamics last month. Tacit Knowledge, a global provider of digital commerce solutions, was founded in 2002 and serves customers in the United Kingdom, North America, Continental Europe, and Asia.

    Its major clients include Visa, LVMH, and Shimano, and it serves prominent worldwide brands in the technology, CPG, financial, and retail industries. The whole team of over 180 workers from the UK, Mexico, Moldova, and the United States, including senior management, will join GDYN as part of the purchase.

    How will this transaction affect GDYN?

    The locations of Tacit Knowledge and Grid Dynamics (GDYN) are very complementary, allowing GDYN to expand its capabilities and service to additional clients from nearshore sites. GDYN’s available cash reserves were used to fund the transaction.