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Revenue in the last quarter was $52.3 million, an increase of 88% YoY from $27.9 million. Non-GAAP net income of $4.7 million translated into 12 cents diluted net income per share. A year ago, the metrics had been a loss of $4.0 million, or 12 cents diluted net loss per share. Total cash and equivalents came at $106 million, compared to $22.7 million a year ago.
Oracle has seen its share prices grow along with its revenue and net income, but as of June 19, the stock trades with a price-earnings ratio of 17.6, which is far lower than most of its competitors. Indicates that more than 20 percent of the workforce could work remotely three to five days a week and be as productive as they would be from an office. Illustrating this shift is enterprise spending on cloud services, which has climbed to $129 billion in the past ten years.
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Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool owns shares of and recommends DocuSign, Microsoft, Salesforce.com, and Workiva. This stock offers a clear opportunity to capitalize on the long-term remote work trend. Its platform connects to major third-party applications and brings the data from all of them together into one place. Some remote workers might be using collaborative documents through MicrosoftOffice, and others might be working through Salesforce.com's Tableau -- either way, Workiva can bring the data from both platforms together. While the work-from-home model offers benefits for employees, it can be a nightmare for managers who need to keep track of an organization's operations.
Their fourth-quarter results were strong as well, with 24 percent revenue growth for the entire year. This acquisition was very exciting for investors and sent both companies’ stocks skyrocketing. They’ve been leading the way in the customer management software realm with flexible cloud technology that works in many different industries. It seems that investors are feeling bearish about video communications as the world is starting to open back up. They are in a very strong place financially, with a cash flow of over $1.9 billion.
Investing in WFH Stocks
In our research note ‘Is your portfolio ready for the online future? ’ we highlighted a large basket of stocks offering exposure to the rising trend of the online economy. Here, we’ll focus on work-from-home-related stocks and take a look at the outlook for this emerging trend. However, as more people return to the office in coming months, and as the company’s competition ramps up, Peloton’s growth will likely slow significantly.
The table below shows 12 US-based stocks offering exposure to the work-from-home trend, as well as these new leisure and health care activities. It’s not exhaustive, and some may wonder why stocks such as Microsoft or Facebook, with its video conferencing and Workspace products, are not on the list. The short answer is that we want to highlight the most direct exposure possible and Microsoft and Facebook get the majority of profits from their core businesses in operating systems and online advertising. Many businesses have been pushed years ahead of their original schedules in terms of moving to software-based remote working and communications solutions. However, I would be wary of more speculative stocks that have yet to show consistent earnings. The next pick on my list of work-from-home stocks is actually not a stock but an exchange-traded fund .
Best Work-From-Home (WFH) Stocks to Buy Now
Zoom has seen steady net income growth in its history, but the stock also has a price-earnings ratio of 1,421 and operates in a market space where other tech players face a low barrier to entry. However, while these companies generate high profits, SaaS and work-from-home solutions are only part of these tech giants' vast operations. The broader the range of businesses, the less likely it is that one product becoming obsolete will wipe out the company, providing a safety net. As long as these companies can remain leaders in innovation, they are good picks for a broad bet on the tech industry.
“SoFi is a regulated bank,” valued on a price-to-tangible-book basis, and “the downside risk is extremely minimal because it’s trading sort of bare bones right now,” he said. Those stocks remain “great defensive names,” SVB MoffettNathanson analyst Lisa Ellis said during a Barron’s Live event on Wednesday. Meesho calling employees back to the office for one day a week comes in the backdrop of a receding pandemic and the opening up of physical offices across all the metro cities. I wrote this article myself, and it expresses my own opinions.
Block is one way to play the more beaten-down names, according to Ellis. She sees room for 70% growth in earnings before interest, taxes, depreciation and amortization as the company scales back costs and works past the integration of the Afterpay buy-now-pay-later business. Visa and Mastercard are “great plays during a macro slowdown,” an analyst says, as the companies are inflation beneficiaries with a track record of revenue and earnings growth during downturns. It could also be used just as a bargaining tool by various stakeholders, including WE shareholders, to get better recovery terms. These stocks offer an attractive mix of sales growth and improving earnings. Larry Ramer has conducted research and written articles on U.S. stocks for 13 years.
They’ve been on a sharp growth trajectory as revenues have soared during the pandemic. Today, they develop and sell many different electronics and software products. This article will discuss the best work-from-home stocks to buy in a rapidly changing economy.
The move into a fully digital workflow has created something of a gold rush for companies that can help their clients perform that change. One standout stock in this space is HubSpot, which provides software for marketing, sales, and customer service. The home rental specialist has been growing sales in recent quarters thanks to rising prices, but volume still hasn't fully recovered from the pandemic. That's set to change in the first quarter of 2022, management said in a mid-February earnings report.
Box is a platform for secure content management, workflow, and collaboration. It enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. However, there’s a lot more to it than just file storage solutions. Dropbox is a collaboration platform that’s transforming the way people and teams work together. It allows people to work and collaborate on files stored in the cloud seamlessly. By now, you should be convinced that remote work will become an even bigger part of our society in the future.
CrowdStrike is only a $63 billion company so it has room to run, especially with estimates of the cybersecurity industry being worth nearly $350 billion by 2026. During the pandemic, Microsoft unleashed its video chat Skype replacement, Microsoft Teams. Not surprisingly, the app caught fire as it was included in the Office bundle for businesses with Windows computers. In July, Microsoft revealed that Teams now has 250 million monthly active users.
Akamai's revenues rose 8% in the March quarter, fueled by a 26% spike in its Cloud Security Solutions business. And $2.2 billion in cash and marketable securities gives Akamai capacity for capital investments and share repurchases. CrowdStrike's revenues rose 85% in the April quarter, including an 88% improvement in annual recurring revenue. Importantly, the company flipped from a 55-cent-per-share adjusted loss in the year-ago quarter to a 2-cent profit.
ETF investing continues to increase in popularity, with an ever-growing... That's the biggest market value gain of any of the 40 holdings in the Direxion Work From Home ETF. Just a quarter of the ETF's holdings are in the S&P 500. That makes it the top-performing stock out of the 40 holdings in the Direxion Work From Home ETF, which started trading on June 25. Nearly half of organizations with office space say they're cutting the amount of physical office space they use due to the coronavirus outbreak, says S&P Global.
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