Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley

/ / Telecommunications / ,

Morgan Stanley analyst Meta Marshall raised Cisco Systems (NASDAQ: CSCO) price target to $55 from $52 and maintained a “hold on the sidelines” rating, noting that Cisco’s fiscal second-quarter results and supply chain conditions were better than expected. The analyst added that the near-term focus will remain on releasing backlogs and fulfilling orders, with the company’s demand comments being more positive than the assessment.

Cisco Systems (NASDAQ: CSCO) Price Target Raised to $55.00/Share From $52.00 by Morgan Stanley Read Post »

Shopify Inc.(NYSE:SHOP) reported Q4 2022 revenue of $1.734 b, up 25.6% year-over-year

/ / Technology /

February 15, 2023 – Shopify Inc. (NYSE: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter and year ended December 31, 2022. Fourth-quarter revenue was $1.73 billion, versus analysts’ expectations of $1.65 billion. GMV for the fourth quarter was $61 billion, compared with analysts’ expectations of $59.21 billion. The fourth-quarter MRR was $109.5 million, versus analysts’ expectations of $111.2 million. Fourth-Quarter Financial Highlights GMV increased 13% to $61.0 billion。 Total revenue increased 26% to $1.7 billion compared to the prior year。 Merchant Solutions revenue increased 30% to $1.3 billion compared to the prior year。 Monthly Recurring Revenue as of December 31, 2022 increased 7% to $109.5 million compared to the prior year. Gross profit dollars grew 15% to $798.5 million, compared to the prior year. Gross margin for the quarter was 46.0% compared to 50.2% in Q4 2021, driven primarily by contributions from lower margin Shopify

Shopify Inc.(NYSE:SHOP) reported Q4 2022 revenue of $1.734 b, up 25.6% year-over-year Read Post »

Shopify (NYSE:SHOP) had revenue of $1.73 billion in Q4 2022, versus analyst expectations of $1.65 billion

/ / Technology /

Canadian e-commerce Shopify (NYSE:SHOP) had revenue of $1.73 billion in the fourth quarter of 2022, versus analysts’ expectations of $1.65 billion. GMV for the fourth quarter was $61 billion, versus analysts’ expectations of $59.21 billion. The fourth-quarter MRR was $109.5 million, versus analysts’ expectations of $111.2 million.

Shopify (NYSE:SHOP) had revenue of $1.73 billion in Q4 2022, versus analyst expectations of $1.65 billion Read Post »

Tesla: Model Y sold out in the U.S. this quarter Delivery time updated to April-June

/ / Consumer Discretionary /

Tesla: Tesla has seen a surge in U.S. orders due to price cuts and a new $7,500 U.S. federal tax credit, and the Model Y in the U.S. has been sold out this quarter, running out of capacity, and will not be produced again until April, but there are still some specific inventory configurations in some markets. The Model Y is currently Tesla’s most produced model. Tesla updated the expected delivery of the Model Y to April to June 2023. In the meantime, Model 3 production and delivery is still available this month, with deliveries expected in February-March 2023.

Tesla: Model Y sold out in the U.S. this quarter Delivery time updated to April-June Read Post »

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