Why Does Slack Spend So Much on Sales and Marketing?
* Stories are summarized by an A.I.
* Stocks or companies mentioned: WORK, MSFT, ACER, BAYRY, GE, AAPL. NKE, MU, PSN, and NFLX
Why Does Slack Spend So Much on Sales and Marketing?
WORK (Slack Technologies Inc) | The Motley Fool
Companies that benefit from word-of-mouth referrals tend to also enjoy increased efficiency in terms of sales and marketing expenses. As a percentage of revenue, Slack spends far more than either Dropbox or Atlassian. Income Statement Metric (TTM) Slack Dropbox Atlassian Revenue $454.5 million $1.5 billion $1.1 billion Sales and marketing $257.9 million $384 million $240.8 million Sales and marketing as a percentage of revenue 56.7% 26.3% 21.5%The discrepancy is stark. Slack is already seeing growth decelerate, in which case investing more in sales and marketing is warranted. The smaller cloud storage provider has spent $314 million on sales and marketing over the past year -- 49.8% of revenue.
How Blockchain Could Decentralize the Music Industry
MSFT (Microsoft Corporation) | Yahoo Finance
Our guest authors invite readers to discuss the most polemic, ambiguous and debatable topics within the cryptocurrency, blockchain and fintech industries. Three months ago, Li’s tour was unexpectedly canceled, his social media accounts went offline and his entire discography was scrubbed from China’s music streaming platforms. The Apple App Store removed applications from its Chinese offering that discussed the Tiananmen Square protests, including The New York Times, Radio Free Asia and Tibetan News. The tech industry has failed artists like Li Zhi, Jacky Cheung, Anthony Wong and Denis Ho by aiding in the suppression of information and free speech. If the U.S. is truly a nation that values democracy, freedom, and humanity — the technology industry should wield its power to combat censorship.
Acer Therapeutics Inc.’s (NASDAQ:ACER) Path To Profitability
ACER (Acer Therapeutics Inc.) | Simply Wall St
Acer Therapeutics Inc.’s (NASDAQ:ACER): Acer Therapeutics Inc., a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. See our latest analysis for Acer TherapeuticsAccording to the 5 industry analysts covering ACER, the consensus is breakeven is near. Using a line of best fit, I calculated an average annual growth rate of 65%, which signals high confidence from analysts. So, a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. This article by Simply Wall St is general in nature.
Bayer seeks outside advice on litigation as Elliott reveals stake
BAYRY (Bayer AG ADR) | Reuters
Chemicals giant Bayer, under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Activist shareholder Elliott Associates said it welcomed Bayer’s new steps to improve supervision of litigation issues, as it revealed for the first time its holding of Bayer shares.
General Electric's machinists oppose tentative labor deal
GE (General Electric Company) | Yahoo Finance
The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate's efforts to avoid labor unrest during a difficult period. "Our recommendation is to reject," Brian Bryant, general vice president of the International Association of Machinists and Aerospace Workers (IAM) told Reuters. "It's what we consider a concessionary contract."
Apple Bails Out Drive.ai With Last-Minute Acquisition
AAPL (Apple Inc) | Benzinga
Self-driving startup Drive.ai was days away from shutting down its operations before it was acquired by Apple Inc. (NASDAQ: AAPL), according to The Verge. Why It's ImportantThe acquisition signals that Apple continues to show an interest in self-driving car technology, CNBC said. This could mark a shift in strategy: the iPhone maker slashed 200 employees from its internal Project Titan early this year. What's NextIt's unclear what Apple plans to do with its acquisition, and it is possible Drive.ai's mass layoffs will still occur, with Apple keeping its assets and existing self-driving car fleet, according to the Verge. Related Links:Apple's Self-Driving Technology Project Might Get A Boost With Drive.ai's AcquisitionApple Executives Unhappy With Car Unit 'Project Titan,' New Report SaysPhoto courtesy of Drive.ai.
Stock Market Forecast: Nike Earnings to Influence Dow Jones Index
NKE (Nike Inc) | Daily FX
Dow Jones Index Talking Points:Stock Market Forecast: Nike Earnings to Influence Dow Jones IndexThe Dow Jones surged higher at Wednesday’s open following a series of bullish events. Together, the developments helped the Dow Jones to drive at resistance near 26,700. Dow Jones Price Chart: Daily Time Frame (January 2019 – June 2019) (Chart 1)With Thursday fast approaching, the Industrial Average will look for its next catalyst and Nike (NKE) earnings could provide such a spark. That said, the combination of Nike’s size and industry result in a relatively subdued earnings implied price move at 5%. Nike Price Chart: Daily Time Frame (September 2018 – June 2019) (Chart 2)To the topside, NKE will look to surmount recent swing highs around the round $85 mark and slightly higher around $86.35.
Micron Technology sees rebound in cloud, data center spending
MU (Micron Technology Inc.) | ZDNet
Micron Technology said that cloud and data center spending on solid state storage has normalized and is picking up. And that spending is one reason Micron Technology's fiscal third quarter results were better than expected. Wall Street was expecting earnings of 85 cents a share for the third fiscal quarter with revenue of $4.8 billion. Micron CEO Sanjay Mehrotra said:Within the data center market, cloud customers are turning the corner on inventories and most are approaching normal inventory levels. As for the outlook, Micron outlined stability from big declines.
Wells Fargo Downgrades Parsons On Valuation
PSN (Parsons Corp) | Benzinga
Technology-focused defense company Parsons Corp (NYSE: PSN) went public in early May at $27 per share and is now trading north of Wells Fargo's price target. The AnalystEd Caso downgraded Parsons from Outperform to Market Perform with an unchanged $36 price target. The ThesisWells Fargo's positive outlook on Parsons' management team, market positioning and expectations for outperformance remain unchanged, Caso said in the Wednesday downgrade note. Parsons also has slightly lower government services EBITDA margins, according to Wells Fargo. Related Links:The Parsons IPO: What You Need To KnowMorgan Stanley Initiates Coverage On Government Services StocksPhoto courtesy of Parsons.
'The Office' to leave Netflix for NBCUniversal in Jan. 2021
NFLX (Netflix Inc.) | Yahoo Finance
In a tweet Tuesday, Netflix said it was "sad" that NBC will no longer license "The Office" to Netflix, but added that Netflix will still have it for the next year and a half. NBCUniversal's streaming service is due to start in 2020. "The Office" was the most viewed show on Netflix in 2018, streamed for over 52 billion minutes, according to Nielsen. Producers of such shows have been happy for the extra revenue they get for licensing shows to Netflix and similar services. Apple is also building its own streaming service with original shows from Oprah and Steven Spielberg.
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* Stocks or companies mentioned: WORK, MSFT, ACER, BAYRY, GE, AAPL. NKE, MU, PSN, and NFLX
Why Does Slack Spend So Much on Sales and Marketing?
WORK (Slack Technologies Inc) | The Motley Fool
Companies that benefit from word-of-mouth referrals tend to also enjoy increased efficiency in terms of sales and marketing expenses. As a percentage of revenue, Slack spends far more than either Dropbox or Atlassian. Income Statement Metric (TTM) Slack Dropbox Atlassian Revenue $454.5 million $1.5 billion $1.1 billion Sales and marketing $257.9 million $384 million $240.8 million Sales and marketing as a percentage of revenue 56.7% 26.3% 21.5%The discrepancy is stark. Slack is already seeing growth decelerate, in which case investing more in sales and marketing is warranted. The smaller cloud storage provider has spent $314 million on sales and marketing over the past year -- 49.8% of revenue.
How Blockchain Could Decentralize the Music Industry
MSFT (Microsoft Corporation) | Yahoo Finance
Our guest authors invite readers to discuss the most polemic, ambiguous and debatable topics within the cryptocurrency, blockchain and fintech industries. Three months ago, Li’s tour was unexpectedly canceled, his social media accounts went offline and his entire discography was scrubbed from China’s music streaming platforms. The Apple App Store removed applications from its Chinese offering that discussed the Tiananmen Square protests, including The New York Times, Radio Free Asia and Tibetan News. The tech industry has failed artists like Li Zhi, Jacky Cheung, Anthony Wong and Denis Ho by aiding in the suppression of information and free speech. If the U.S. is truly a nation that values democracy, freedom, and humanity — the technology industry should wield its power to combat censorship.
Acer Therapeutics Inc.’s (NASDAQ:ACER) Path To Profitability
ACER (Acer Therapeutics Inc.) | Simply Wall St
Acer Therapeutics Inc.’s (NASDAQ:ACER): Acer Therapeutics Inc., a pharmaceutical company, focuses on the acquisition, development, and commercialization of therapies for serious rare and life-threatening diseases. See our latest analysis for Acer TherapeuticsAccording to the 5 industry analysts covering ACER, the consensus is breakeven is near. Using a line of best fit, I calculated an average annual growth rate of 65%, which signals high confidence from analysts. So, a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. This article by Simply Wall St is general in nature.
Bayer seeks outside advice on litigation as Elliott reveals stake
BAYRY (Bayer AG ADR) | Reuters
Chemicals giant Bayer, under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Activist shareholder Elliott Associates said it welcomed Bayer’s new steps to improve supervision of litigation issues, as it revealed for the first time its holding of Bayer shares.
General Electric's machinists oppose tentative labor deal
GE (General Electric Company) | Yahoo Finance
The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate's efforts to avoid labor unrest during a difficult period. "Our recommendation is to reject," Brian Bryant, general vice president of the International Association of Machinists and Aerospace Workers (IAM) told Reuters. "It's what we consider a concessionary contract."
Apple Bails Out Drive.ai With Last-Minute Acquisition
AAPL (Apple Inc) | Benzinga
Self-driving startup Drive.ai was days away from shutting down its operations before it was acquired by Apple Inc. (NASDAQ: AAPL), according to The Verge. Why It's ImportantThe acquisition signals that Apple continues to show an interest in self-driving car technology, CNBC said. This could mark a shift in strategy: the iPhone maker slashed 200 employees from its internal Project Titan early this year. What's NextIt's unclear what Apple plans to do with its acquisition, and it is possible Drive.ai's mass layoffs will still occur, with Apple keeping its assets and existing self-driving car fleet, according to the Verge. Related Links:Apple's Self-Driving Technology Project Might Get A Boost With Drive.ai's AcquisitionApple Executives Unhappy With Car Unit 'Project Titan,' New Report SaysPhoto courtesy of Drive.ai.
Stock Market Forecast: Nike Earnings to Influence Dow Jones Index
NKE (Nike Inc) | Daily FX
Dow Jones Index Talking Points:Stock Market Forecast: Nike Earnings to Influence Dow Jones IndexThe Dow Jones surged higher at Wednesday’s open following a series of bullish events. Together, the developments helped the Dow Jones to drive at resistance near 26,700. Dow Jones Price Chart: Daily Time Frame (January 2019 – June 2019) (Chart 1)With Thursday fast approaching, the Industrial Average will look for its next catalyst and Nike (NKE) earnings could provide such a spark. That said, the combination of Nike’s size and industry result in a relatively subdued earnings implied price move at 5%. Nike Price Chart: Daily Time Frame (September 2018 – June 2019) (Chart 2)To the topside, NKE will look to surmount recent swing highs around the round $85 mark and slightly higher around $86.35.
Micron Technology sees rebound in cloud, data center spending
MU (Micron Technology Inc.) | ZDNet
Micron Technology said that cloud and data center spending on solid state storage has normalized and is picking up. And that spending is one reason Micron Technology's fiscal third quarter results were better than expected. Wall Street was expecting earnings of 85 cents a share for the third fiscal quarter with revenue of $4.8 billion. Micron CEO Sanjay Mehrotra said:Within the data center market, cloud customers are turning the corner on inventories and most are approaching normal inventory levels. As for the outlook, Micron outlined stability from big declines.
Wells Fargo Downgrades Parsons On Valuation
PSN (Parsons Corp) | Benzinga
Technology-focused defense company Parsons Corp (NYSE: PSN) went public in early May at $27 per share and is now trading north of Wells Fargo's price target. The AnalystEd Caso downgraded Parsons from Outperform to Market Perform with an unchanged $36 price target. The ThesisWells Fargo's positive outlook on Parsons' management team, market positioning and expectations for outperformance remain unchanged, Caso said in the Wednesday downgrade note. Parsons also has slightly lower government services EBITDA margins, according to Wells Fargo. Related Links:The Parsons IPO: What You Need To KnowMorgan Stanley Initiates Coverage On Government Services StocksPhoto courtesy of Parsons.
'The Office' to leave Netflix for NBCUniversal in Jan. 2021
NFLX (Netflix Inc.) | Yahoo Finance
In a tweet Tuesday, Netflix said it was "sad" that NBC will no longer license "The Office" to Netflix, but added that Netflix will still have it for the next year and a half. NBCUniversal's streaming service is due to start in 2020. "The Office" was the most viewed show on Netflix in 2018, streamed for over 52 billion minutes, according to Nielsen. Producers of such shows have been happy for the extra revenue they get for licensing shows to Netflix and similar services. Apple is also building its own streaming service with original shows from Oprah and Steven Spielberg.
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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