🌻Docusign(DOCU), Crowdstrike(CRWD)財報結果
上週這兩家公司發表財報了.
這兩天看了一下他們的財報結果. Again, 兩家的表現都很好, 但發現分析師給DOCU的調價(往上)幅度比較多, 就好奇研究了一下SaaS公司是怎麼被估值的. 有興趣的話可以看看(從中學習到很多. 非常推薦一讀):
https://makingsenseofusastocks.blogspot.com/2021/09/blog-post.html
(By the way, 分析師對CRWD的價格調幅沒那麼大, 主因是成長趨緩了. 而DOCU的free cash flow佔營收比, 以及顧客黏著力在這季創了新高, 是讓分析師按讚的幾個原因).
關於CRWD: "The Street is already modeling revenue growth deceleration in 2022 to 36%, down from 60% expected in 2021, which on its own might prove a hurdle for a stock already trading at a high multiple," said Bank of America analyst Tal Liani in a report.
分析師對於DOCU的評價:
• 11位buy; 給的價格分別是: $310, $320 (x2), $330 (x2), $340 (x2), $345, $350, $350, $389
• 給Buy的分析師的評語:
o Baird: The analyst continues to view them as a best in class way to play digital transformation trends with strong growth, cash flow and profitability, and a strong competitive position. Power said DocuSign remains one of his top long-term compounding growth ideas.
o Citi: While slightly shy of the double-digit billings beat in recent quarters, DocuSign still delivered a solid 8% beat to Q2 billings, which grew 47% year-over-year, Radke tells investors in a research note.
o Evercore ISI: he calls "another strong quarter." While some may have wanted to see more aggressive Q3 billings guidance, he believes estimates "continue to leave room for upside," Materne said.
o JMP Securities: While revenue growth decelerated to 50% from 58% in Q1, the company is the clear leader in electronic signature and the broader system of agreement having crossed over 1M customers with a $2B run rate this quarter, the analyst tells investors in a research note, adding that he sees lots of room for growth as DocuSign targets a $50B total addressable market.
o Needham: The analyst commented, "Docusign reported another strong quarter in 2QF22 with typical DOCU upside to revenue and profitability. Sales metrics and growth decelerated Q/Q, as we expected against a massive pandemic quarter, but at a much slower rate than we believe much of the Street was anticipating. 65k net new customers was lower than the 70k - 90 range of CY20 but was still more than 2x greater than any pre-pandemic quarter, highlighting a strong end-market driving 47% billings growth against a strong comp. Commentary on incremental Agreement Cloud demand was positive, suggesting an additional growth tailwind combined with solid international can further aid 2HF22. Although DOCU shares could be lower near-term due to weak 2H OpMg guidance, we think this guidance is conservative, as the recent OM was greater than the pre-pandemic level even with tough comps."
o RBC Capital: The quarter highlighted the sustainability of the company's tailwinds post-pandemic as most of its underlying metrics such as billings and net revenue retention were solid, the analyst tells investors in a research note, adding that the traction with CLM and Notary was also "impressive".
分析師對於CRWD的評價:
• 12位buy; 給的價格分別是: $300, $310 (x2), $313, $315 (x2) , $305, $320, $325, $330 (x2), $340
• 1位給hold: $280 (from $220 by J.P. Morgan(same))
• 給Buy的分析師的評語:
o Baird: The analyst believes the company has significant room for growth with core modules, opportunities with Humio and in cloud workload security, among others, should help drive a continuation of strong growth over a long time horizon.
o BTIG: The company's "strong" Q2 results "cleared every hurdle", even though the buy-side benchmarks may have been slightly higher, the analyst tells investors in a research note. Powell adds that Crowdstrike is clearly gaining share in its core endpoint security target market at a rapid pace and gaining traction with new products across multiple categories.
o Canaccord: The analyst said the stock is down from its recent highs, and he thinks the re-rating creates a more favorable entry point for longer-oriented investors for a foundational security name. He views Crowdstrike as a long-term secular winner in security due to its native cloud platform advantage versus closely held peers in endpoint security combined with platform expansion into tangential segments to capture greater share of security budgets.
o Goldman Sachs: CrowdStrike last night delivered "another beat and raise quarter as the company benefited from another quarter of elevated demand," Essex said. But it traded lower following net new annual recurring revenue growth guidance that was slightly less than investors had hoped for. Essex, nonetheless, said the quarter demonstrated CrowdStrike's "ability to continue to go down market efficiently."
o JMP Securities: The analyst notes the company's Q2 annualized recurring revenue of $1.34B topping his estimate of $1.30B, with "sustained" 70% ARR and revenue growth along with margin upside seen as key highlights for the quarter. Suppiger adds that the metrics reflect Crowdstrike's "strong execution and robust demand environment".
o Mizuho: "very good" fiscal Q2 results. The annual recurring revenue growth of 70% year-over-year "was strong and still nicely surpassed" the Street's 65%-66% estimate, Moskowitz tells investors in a research note. He believes "strong execution can propel" Crowdstrike's stock higher.
o Piper Sandler: The company's metrics "outperformed across the board" in Q2 with 70% annual recurring revenue and revenue growth and record net new customer adds in the quarter, Owens tells investors in a research note.
o RBC Capital: Hedberg adds that CrowdStrike's record pipeline entering Q3 should continue to fuel the company's "land-and-expand" momentum.
o Stifel: Q2 results that he said "exceeded consensus estimates across all major financial metrics." He continues to believe that Crowdstrike's growth opportunity "remains in the early days" despite the company's scale given continued share capture within its core endpoint security market and incremental module adoption on the Falcon Platform, Reback tells investors.
o UBS: the company reported "pretty good" Q2 results against high expectations.
🌻趨勢: 跨境電商 Cross-border commerce
Morgan Stanley:
From our perspective, we think many are underestimating what the cross-border eCommerce demand could ultimately be, once key friction points like FX rates, tax and duties, shipping, language, etc are smoothed—all issues that Global-E directly addresses.
Cross-border ecommerce brings new, high-yield volume: We think elevated levels of cross-border ecommerce (ex-travel) is a structural shift thathas yet to be fully contemplated in MA (and V)'s long-term forecasts. MA's cross-border CNP ex-travel volume was 69% above 2019's level in 2Q and 63% higher in 1Q. Strength reflects both broader ecommerce adoption plus globalization of commerce, as marketplaces and services that reduce cross-border friction (such as those from GLBE) make international online ordering more readily adopted. Early data at V suggests greater cross-border ecommerce spend is persisting even in areas with pre-pandemic levels of international travel. Cross-border transactions also come at a higher yield, making us more optimistic that the trend can bring incremental long-term growth to the networks.
產業的潮流是有連貫性的. 疫情讓電商更發達後, 接下來應該就是加速電商跨境了. 跨境的話, 有很多問題需要解決(稅率, 語言, etc.) 這就需要有公司來做整合的動作. 這種跨境, 也可以想像是omnichannel的一種呈現.
Harley Finkelstein (President of Shopify): "I mean I think commerce in 2021 is cross-border."
🌻SPAC熱潮退卻,初創市值蒸發750億美元
"SPAC熱潮已經退卻。分析顯示,在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%,市值回落幅度上個月一度超過1,000億美元。"
"像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金,以及許多對沖基金、養老金管理公司和其他一些投資者,都在SPAC的回落中遭受了衝擊,他們在去年年底開始的熱潮中競相投資SPAC。其中許多基金由於在價格還很低的時候就早早入場,所以現在仍坐擁可觀收益。事實上,SPAC市值仍有約2,500億美元,高於一年前的約1,000億美元,反映出這期間股價上漲和新公司上市的影響。
但即便如此,今年年初令人炫目的回報還是讓許多後來者做了接盤俠,扎堆投資所謂穩賺不賠的領域,其永恆的風險可見一斑。在過去的幾個月裡,一些投資者眼睜睜看著帳面財富縮水。"
"股價下跌會在SPAC領域形成惡性循環,因為投資者有權在併購交易前從空白支票公司撤資。一旦SPAC跌破發行價,投資者就更有可能這樣做,而許多SPAC的股價現在正處於這樣的水平。目前,在尚未宣布併購交易的空白支票公司中,超過95%的公司股價低於發行價。
投資者的大規模撤資會讓已經上市的空白支票公司手上的現金大幅減少,讓其更難實現業務目標,並可能加劇股價跌勢。"
https://on.wsj.com/3n6JznC
🌻BNPL (buy now pay later)
But most BNPL providers including Affirm, Klarna and Afterpay have been losing money despite breakneck revenue growth as they invest heavily in marketing to win share. Sweden-based Klarna’s credit losses more than doubled in the second quarter. Affirm has projected adjusted operating losses of $50m-$55m for the fiscal year that ended June 30.
The path to profitability for many of these companies was to achieve massive scale, analysts said.
https://www.ft.com/content/ca201a37-a16d-4223-b123-04d38350a972
Pictures: 一葉知秋; from EarningsWhispers
同時也有5部Youtube影片,追蹤數超過1萬的網紅SHOOTANDCHOP,也在其Youtube影片中提到,HOW TO TAKE YOUR TRAVEL PHOTOGRAPHY TO THE NEXT LEVEL IN MACAU! We were joined by MOME to go on a travel photography mission in Macau. http://mome....
「capture market share」的推薦目錄:
- 關於capture market share 在 貓的成長美股異想世界 Facebook 的最讚貼文
- 關於capture market share 在 Facebook 的最佳貼文
- 關於capture market share 在 KEN.L PHOTOGRAPHY Facebook 的最佳貼文
- 關於capture market share 在 SHOOTANDCHOP Youtube 的最佳貼文
- 關於capture market share 在 holadieuuyen Youtube 的最佳解答
- 關於capture market share 在 Rayner Teo Youtube 的精選貼文
capture market share 在 Facebook 的最佳貼文
Most entrepreneurs run their marketing campaigns in the same way.
They try to capture the 3% of people looking to take action right now.
So, if everyone is speaking to that 3% to close them on their offers, the competition is fierce...
And they’re missing a huge portion of the market.
As you can see, 30% of the marketplace know they aren’t interested.
They will never buy from you, me, or anyone else.
But if you can put out content and ads that educate the 70% of potential clients...
On problems they don't know they have and nurture them through your marketing funnel.
Who do you think they will ask to solve their problem when they finally discover they need a solution and are ready to take action?
That’s right.
You.
This is an advanced marketing strategy that most entrepreneurs have no clue about.
What was your biggest takeaway?
Share with me below
capture market share 在 KEN.L PHOTOGRAPHY Facebook 的最佳貼文
In 2017, FUJIFILM launched the first medium format camera - GFX50S, and finally launched GFX50S II today after 4 years waiting. Although the second generation is used along the same 50MP Sensor, it is replaced by the GFX100S body design. The T125 is replaced with a new battery W235, and the power is multiplied; also used the same X-Processor 4 like GFX100S too, so that made the system is integrated; With the new design of GFX100S 5-axis 6 stops IBIS, equipped with specific lenses, the stabilisation can go up to 6.5 stops.
Once I was a user of the GFX50S, I was introduced to the X-Photographer team when GFX series was launched, . The impression of this machine is particularly profound. In the past week of using the prototype GFX50Sii, i have a little experiences would like to share.
The picture quality of this machine is absolutely unquestionable, although there is no 100S BSI Sensor focusing system that fast, but it is clearly improved with the first generation 50S focus system, especially in low light environment. The eye's focus sensitivity is also more than whole GFX50 series, there is no high speed and slow continuous shooting but 3shots pre second, and the picture is as detailed with the GFX50S.
The Dynamic Range of GFX50S II only have 12stops (GFX100S 14stops), RAW file is only 14-bit (GFX100S Up to 16-bit), but it is actually very sufficient for general users. Since 50S II has an IBIS system, the Pixel Shift function is retained, and can merge up to 200MP image, which is suitable for products, landscapes, and architecture photograph.
Due to the previous generation of sensor, the filming system can only reach 1080p 30fps, there is no 4K shooting. If you want to do video with this camera, you should consider it.
The price will be cheaper than GFX50R when it first released, I believe it will become the most attractive "entry" medium format camera in the market!
JPG file editied with Capture One Pro 21
Lighting by Profoto B10 LED with OCF Gel kit
Fujifilm UK & Ireland Fujifilm Global Fujifilm X Series US FUJIFILM Hong Kong Fujifilm X Singapore FUJIFILM Malaysia Fujifilm Philippines Fujifilm Danmark FUJIFILM X WORLD
capture market share 在 SHOOTANDCHOP Youtube 的最佳貼文
HOW TO TAKE YOUR TRAVEL PHOTOGRAPHY TO THE NEXT LEVEL IN MACAU!
We were joined by MOME to go on a travel photography mission in Macau.
http://mome.mo/
We explored the local side of Macau, going to the Red Market and also the Three Lamps District. This area of Macau is very photogenic and so we were able to capture some great travel photos!
In this Macau travel photography guide we also got to share with you some DIY photography tips, tricks and hacks on how to take better travel photos and improve your travel photography. Using an old CD to create amazing portrait photography photos!
We hope you enjoyed this Macau travel photography tips video and hope it helps your travel photography in Macau.
If you would like to see more photography guides in Macau then make sure to keep following and we will be sure to do more travel photography tips videos!
教你去澳門免費又好拍的澳門IG打卡景點!
我們聯同了 MOME 一起踏上到訪澳門IG打卡勝地的任務
到訪極具澳門特色的紅街市以及義字街,在意想不到的地點拍攝出超上鏡的風格照片
今次攝影師更使出了獨門絕技,利用舊CD教你如何在旅途中炮製出獨一無二的精美照片
希望你能喜歡本集澳門打卡景點攻略,希望本節目能為你影相打卡帶來更多樂趣
如果想睇更多澳門打卡景點攻略,記得留言讚好並追蹤我們的頻道啦!
-
#macau #travelphotography
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? - MACAU'S HIDDEN CAFES AND THEIR AMAZING STORIES | 澳門神秘咖啡館和他們的了不起的故事
https://www.youtube.com/watch?v=TSU9WY_YMnU&list=PLFlnaEqdPFk9uDfphPZDHMCwOTyHzQswR&index=3
? - THE DELICIOUSLY RARE SNACKS OF MACAU! | 澳門令人愉快的稀有零食!
https://www.youtube.com/watch?v=nLlkJvSTlNk&list=PLFlnaEqdPFk9uDfphPZDHMCwOTyHzQswR&index=4
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capture market share 在 holadieuuyen Youtube 的最佳解答
#duhochalan #nijmegen #holadieuuyen
Hola mọi người, mình là Uyên hiện đang du học tại Hà Lan. Lí do mình có kênh youtube này vì mình muốn ghi lại những khoảnh khắc và chia sẻ với các bạn về cuộc sống du học của mình.
Vì thành phố nơi mình học tập khá là nhỏ nên vào những ngày nghỉ mình thường tranh thủ đi tham quan và khám phá những thành phố khác, hôm nay mình sẽ dẫn các bạn đến thành phố xinh đẹp Nijmegen! Nếu bạn đang có ý định đi du lịch hay học tập tại Nijmegen, mình mong video này sẽ giúp ích cho bạn. Đây là video đầu tiên của mình, nếu có thiếu sót thì mong mọi người thông cảm nha :P
Hello everyone, I am Uyen and I am currently studying in the Netherlands. The reason why I have this youtube channel because I want to capture all moments and share with you guys about my study abroad life.
Because the city where I study is quite small, I often explore other cities on holidays, so today I will take you to the beautiful city - Nijmegen! If you are planning to travel or study in Nijmegen, I really hope this video will be helpful for you.
Hope you guys enjoy this video!
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? Instagram: https://www.instagram.com/holadieuuyen/?hl=en
? Facebook: https://www.facebook.com/dieuuyenhihi
---
Địa điểm mình đến ở Nijmegen / Locations are mentioned in my video
1. Stadscafé Jan: http://www.stadscafejan.nl/
2. Saint Stephen’s Church
3. Kronenburgerpark: historic park with a landmark tower
4. Farmers Market on Saturday
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capture market share 在 Rayner Teo Youtube 的精選貼文
Discover 3 swing trading strategies that work so you can profit in bull & bear markets.
** FREE TRADING STRATEGY GUIDES **
The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
** PREMIUM TRAINING **
Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Pullback Stock Trading System: https://pullbackstocktradingsystem.com/
Price Action Trading Secrets: http://priceactiontradingsecrets.com/
0:10 Doesn't matter whether you're trading Forex, stocks, whatever, right? These strategies can be applied the same. So are you ready? Then let's begin. Okay, now, before I begin, right, I want to explain to you what is swing trading because some of you are wondering here Rayner, what is swing trading, alright? So let me explain to you quickly. So swing trading, the idea is to capture one swing in the market.
2:10 Swing Trading Strategy #1: Stuck In A Box
The first one is what I call stuck in a box, where the price is pretty much stuck in a range, stuck in a box, similar to what you've seen earlier. So this the core idea here is that the market is in a range, you want to buy low and sell high, so how you go about doing it is to let the price come into an area of value, an area of support, okay?
4:14 Swing Trading Strategy #2: Catch The Wave
So the other one is what I call catch the wave. So this is used when the market is in an uptrend. When the market is trending, you are trying to time your entry and capture just one swing in an uptrend.
6:18 Swing Trading Strategy #3: Fade The Move
So it's what I call fade the move. So this is a counter-trend trade. So because when the market is trending and if it has traveled quite a long, a distance towards the swings high, towards resistance, there is opportunity for you to take a counter trend trade but I'll share with you a little bit of how to manage this type of trade.
If you want to learn more about what I do, you can go down to my website over here, tradingwithrayner.com, tradingwithrayner.com, Rayner is my name, you should know that. And you can scroll down a little bit and have a couple of trading guides over here. So one is called The Ultimate Guide to Trend Following where I share with you practical trading techniques on how to ride big trends in the market. And then The Ultimate Price Action, The Ultimate Guide to Price Action Trading on How to Better Time Your Entries and Exits. These two guides, completely free, click the blue button. And I'll send it to your email address. For free. So with that said, I've come to the end of this video, I hope you find insightful. If you did, could you please hit the like button, and subscribe to my YouTube channel. And if there's anything to ask me or any questions, leave it in the comments section below. And I'll do my best to help. With that said, I'll talk to you soon.
** FREE TRADING STRATEGY GUIDES **
The Ultimate Guide to Price Action Trading: https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
The Monster Guide to Candlestick Patterns: https://www.tradingwithrayner.com/candlestick-pdf-guide/
** PREMIUM TRAINING **
Pro Traders Edge: https://www.tradingwithrayner.com/pte/
Pullback Stock Trading System: https://pullbackstocktradingsystem.com/
Price Action Trading Secrets: https://priceactiontradingsecrets.com/
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