Insider Decision: Robert Soderbery Offloads $2.09M Worth Of Western Digital Stock
Disclosed on October 30, Robert Soderbery, EVP & GM at Western Digital WDC, executed a substantial insider sell as per the latest SEC filing.
What Happened: Soderbery opted to sell 30,767 shares of Western Digital, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction’s total worth stands at $2,092,519.
In the Thursday’s morning session, Western Digital‘s shares are currently trading at $67.15, experiencing a down of 1.68%.
Discovering Western Digital: A Closer Look
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Western Digital: Delving into Financials
Revenue Growth: Western Digital’s revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 8.79%. This indicates a substantial increase in the company’s top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Profitability Metrics: Unlocking Value
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Gross Margin: The company issues a cost efficiency warning with a low gross margin of 37.88%, indicating potential difficulties in maintaining profitability compared to its peers.
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Earnings per Share (EPS): Western Digital’s EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 1.4.
Debt Management: Western Digital’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.64.
Financial Valuation Breakdown:
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Price to Earnings (P/E) Ratio: Western Digital’s current Price to Earnings (P/E) ratio of 73.65 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
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Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.56, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Indicated by a lower-than-industry-average EV/EBITDA ratio of 17.25, the company suggests a potential undervaluation, which might be advantageous for value-focused investors.
Market Capitalization Perspectives: The company’s market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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The Relevance of Insider Transactions
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
Within the legal framework, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
Breaking Down the Significance of Transaction Codes
In the domain of transactions, investors frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Western Digital’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Amazon Q3 Earnings Highlights: Revenue Beat, EPS Beat, Q4 Guidance, New Kindles 'Significantly Outperforming Our Expectations'
Amazon.com Inc AMZN reported third-quarter financial results after the market close Thursday.
Here are the key highlights.
What Happened: Amazon reported third-quarter net sales of $158.9 billion, up 11% year-over-year. The total beat a Street consensus estimate of $157.2 billion, according to data from Benzinga Pro.
The company reported third-quarter earnings per share of $1.43, which beat a Street consensus estimate of $1.14.
Sales for the third quarter were as follows:
North America: $95.5 billion, +9% year-over-year
International: $35.9 billion, +12% year-over-year
AWS: $27.5 billion, +19% year-over-year
Operating income was $17.4 billion in the third quarter, up from $11.2 billion in last year’s third quarter. AWS led the way on operating income with $10.4 billion, up from $7 billion in last year’s third quarter. Operating income was $5.7 billion and $1.3 billion in North America and International segments respectively, both up on a year-over-year basis.
Amazon highlighted the strength of its streaming segment with “The Lord of the Rings: The Rings of Power” season two launch and its distinction of becoming the most-watched returning season on Prime Video by hours watched.
The Sept. 26 “Thursday Night Football” matchup between the Dallas Cowboys and New York Giants had over 17 million viewers, ranking as the most streamed NFL regular season game ever, Amazon said.
Read Also: Amazon Q3 Earnings Preview: AWS, Prime Video, Streak Of Analyst Beats On Watch
What’s Next: Guidance from the company calls for fourth-quarter net sales to come in a range of $181.5 billion to $188.5 billion, up 7% to 11% year-over-year.
The company expects operating income to come in a range of $16 billion to $20 billion in the fourth quarter.
“We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations, and there’s so much more coming, from tens of millions of deals to our NFL Black Friday game and Election Day coverage,” Amazon CEO Andy Jassy said.
Jassy said Amazon will share more details on new cloud infrastructure and AI capabilities at re:Invent, which takes place the week after Thanksgiving.
AMZN Price Action: Amazon stock is up 3.93% to $193.50 in after-hours trading Thursday. versus a 52-week trading range of $133.86 to $201.20.
Read Next:
Photo courtesy of Amazon.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
October's Top 10 Celebrity Real Estate News: George Clooney, Tom Cruise, David and Victoria Beckham
George Clooney, Tom Cruise, David and Victoria Beckham made real estate news in October. Top 10 Celebrity Real Estate News is featured at TopTenRealEstateDeals.com.
POMPANO BEACH, Fla., Oct. 31, 2024 /PRNewswire/ — October’s Top 10 Celebrity Real Estate News
Where Real Estate Is Never Boring!
“Beckhams Buy Big In Miami Beach”
David and Victoria Beckham just purchased an $80 million home on Biscayne Bay in Miami Beach. The 12,500-square-foot home includes nine bathrooms and 13 baths, lots of marble and bronze, a theater, a pool and water features, an outdoor kitchen, and 124 feet of dock space to park their $20 million yacht. In addition to their new home, the Beckhams also own a $20 million luxury condo in Miami, a $40 million townhome in London, and a $15 million country home in southern England.
“George Clooney Sells Longtime LA Home”
Soon after George Clooney was hired to star in the TV drama “ER” in 1995, he bought a six-bedroom home in LA’s Fryman Canyon neighborhood for $2.2 million. George just sold it to Olivia Culpo and Christian McCaffrey for $14.5 million. Culpo, the 2012 Miss USA and Miss Universe winner, and McCaffrey, an NFL star, were married in June. The compound includes the 7,000-square-foot main home, several guest homes, a tennis court, and a pool.
“Rudy Ordered To Surrender Luxury New York Pad”
Rudy Giuliani has been ordered by a federal judge to turn over the keys to his luxury New York apartment to help settle a $148 million civil court judgement. Mr. Giuliani was sued over lies he spread about two Georgia election workers he accused of stuffing the ballot box following the 2020 presidential election. According to Realtor.com, the New York apartment is worth about $6 million. Giuliani may also lose his Palm Beach condo, which is worth about $3.5 million.
“Matthew Perry’s Home Sells One Year After Death”
Matthew Perry’s Pacific Palisades home has sold for $8.5 million. The sale comes one year after Perry died from the acute effects of ketamine, which led to his drowning. Perry bought the four-bedroom contemporary home in 2020 for $6 million.
“Billy Joel Lists Long Island Estate”
Billy Joel has relisted his 26-acre Long Island waterfront home for $49.9 million. Consisting of four properties: the Main House, Beach House, Guest House, and the Gate House, Billy bought the property in 2002 and then invested a few million dollars more on the compound. The 20,000-square-foot Main House includes 30-foot-tall cathedral ceilings, a ballroom and views of Long Island Sound.
“Helen Mirren Relists In LA For Much Less”
Actress Helen Mirren has listed her LA home for the third time in the last three years, but has now knocked nearly $4 million off her original ask of $18.5 million. The new listing at $14.995 million includes the main house, a two-bedroom guest home and a one-bedroom guest apartment on 6.5 acres.
“Tyler Perry’s Mansion, Rolls Royce & Ferrari”
Tyler Perry’s former home in Atlanta has come on the market at $3.9 million. The 17,899-square-foot home includes six bedrooms, a theater, gym, infinity pool, tennis court, and a pond. But that’s not all, it also includes a six-car garage with a 1973 Rolls Royce & a 1975 Ferrari.
“LA Mansion Sale May Set New Record”
The Pritzker Estate in Los Angeles has been listed at $195 million. The 16-bedroom home with about 50,000 square feet was built in 2011 for the billionaire couple Tony and Jeanne Pritzker, who are now going through a difficult divorce. If the home sells anywhere near the asking price, it will set a new record for the most expensive home ever sold in Los Angeles. The current record is the $165 million Amazon-founder Jeff Bezos paid in 2020 for the Warner Estate.
“Tom Cruise’s Florida Penthouse Spared”
The good fortune that Hurricane Milton weakened before it landed on Florida’s Gulf Coast was great news for Tom Cruise, who owns a luxury penthouse in Clearwater, Florida. The condo is located near the Church of Scientology’s international headquarters, of which Cruise is a longtime member.
“Jim Carrey Cuts LA Home Price”
The Los Angeles home that Jim Carrey once called his “magical sanctuary” is still for sale, but with a better price. Located in LA’s Brentwood neighborhood, Jim has relocated to his vacation property in Maui and put the Brentwood estate, where he had lived for years, up for sale. The 12,700-square-foot home with five bedrooms and six full baths is now listed at $26.5 million.
For more celebrity home news and celebrity home video tours, visit TopTenRealEstateDeals.com.
Media Contact
Terry Walsh, TopTenRealEstateDeals.com, 954-544-0526, terry@toptenrealestatedeals.com, https://toptenrealestatedeals.com/weekly-ten-best-home-deals
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SOURCE TopTenRealEstateDeals.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Energy Recovery SVP Sold $116K In Company Stock
Disclosed on October 30, Rodney Clemente, SVP at Energy Recovery ERII, executed a substantial insider sell as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Clemente sold 6,505 shares of Energy Recovery. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The total transaction value is $116,946.
Monitoring the market, Energy Recovery‘s shares down by 0.0% at $17.58 during Thursday’s morning.
Delving into Energy Recovery’s Background
Energy Recovery Inc is an engineering-driven technology company. It is engaged in engineering, designing, manufacturing and supplying solutions that make industrial processes more efficient and sustainable. The company operates in three segments, Water, Emerging Technologies and Corporate. It offers energy recovery devices (ERDs) and pumps as well as related products and services to the global reverse osmosis desalination market. The company derives a majority of the revenue from the Water segment. Geographically, the company operates in the U.S. and other international countries.
Energy Recovery: A Financial Overview
Positive Revenue Trend: Examining Energy Recovery’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 31.25% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Exploring Profitability:
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Gross Margin: The company sets a benchmark with a high gross margin of 64.58%, reflecting superior cost management and profitability compared to its peers.
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Earnings per Share (EPS): Energy Recovery’s EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of -0.01.
Debt Management: Energy Recovery’s debt-to-equity ratio is below the industry average. With a ratio of 0.06, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Assessing Valuation Metrics:
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Price to Earnings (P/E) Ratio: With a higher-than-average P/E ratio of 50.97, Energy Recovery’s stock is perceived as being overvalued in the market.
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Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 7.78 as compared to the industry average, the stock might be considered overvalued based on sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): A high EV/EBITDA ratio of 41.59 positions the company as being more valued compared to industry benchmarks.
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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Navigating the Impact of Insider Transactions on Investments
Insider transactions contribute to decision-making but should be supplemented by a comprehensive investment analysis.
Considering the legal perspective, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider’s new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
Breaking Down the Significance of Transaction Codes
In the domain of transactions, investors frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Energy Recovery’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BRUCE BERKOWITZ Executes Sell Order: Offloads $4.93M In St. Joe Stock
Revealing a significant insider sell on October 30, BRUCE BERKOWITZ, 10% Owner at St. Joe JOE, as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday outlined that BERKOWITZ executed a sale of 92,800 shares of St. Joe with a total value of $4,931,010.
St. Joe shares are trading down 0.13% at $52.94 at the time of this writing on Thursday morning.
Delving into St. Joe’s Background
The St. Joe Co is a real estate development, asset management, and operating company and it has three operating segments; the Residential segment plans and develops residential communities and sells homesites to homebuilders or retail consumers, the Hospitality segment features a private membership club (the Watersound Club), hotel operations, food and beverage operations, golf courses, beach clubs, retail outlets, gulf-front vacation rentals, management services, marinas, and other entertainment assets, and Commercial segment include leasing of commercial property, multi-family, senior living, self-storage, and other assets and it also oversees the planning, development, entitlement, management, and sale of commercial and rural land holdings.
Understanding the Numbers: St. Joe’s Finances
Revenue Challenges: St. Joe’s revenue growth over 3 months faced difficulties. As of 30 September, 2024, the company experienced a decline of approximately -2.35%. This indicates a decrease in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Holistic Profitability Examination:
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Gross Margin: The company faces challenges with a low gross margin of 38.03%, suggesting potential difficulties in cost control and profitability compared to its peers.
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Earnings per Share (EPS): St. Joe’s EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 0.29.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.88, caution is advised due to increased financial risk.
Evaluating Valuation:
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Price to Earnings (P/E) Ratio: St. Joe’s current Price to Earnings (P/E) ratio of 44.51 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
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Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 7.89, St. Joe’s stock is perceived as being overvalued in the market, particularly in relation to sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): St. Joe’s EV/EBITDA ratio, surpassing industry averages at 21.12, positions it with an above-average valuation in the market.
Market Capitalization: Exceeding industry standards, the company’s market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
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Illuminating the Importance of Insider Transactions
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
In the realm of legality, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
Important Transaction Codes
Taking a closer look at transactions, investors often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of St. Joe’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Massive Insider Trade At Reliance
Mark V Kaminski, Board Member at Reliance RS, executed a substantial insider sell on October 30, according to an SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday outlined that Kaminski executed a sale of 6,810 shares of Reliance with a total value of $2,029,448.
Reliance‘s shares are actively trading at $295.0, experiencing a up of 0.22% during Thursday’s morning session.
About Reliance
Reliance Inc is a diversified metal solutions provider and metals service center company. It provides value-added metals processing services and distributes.
Reliance’s Financial Performance
Negative Revenue Trend: Examining Reliance’s financials over 3 months reveals challenges. As of 30 September, 2024, the company experienced a decline of approximately -6.12% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.
Navigating Financial Profits:
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Gross Margin: The company maintains a high gross margin of 29.42%, indicating strong cost management and profitability compared to its peers.
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Earnings per Share (EPS): Reliance’s EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 3.64.
Debt Management: Reliance’s debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.21.
Valuation Overview:
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Price to Earnings (P/E) Ratio: Reliance’s P/E ratio of 15.85 is below the industry average, suggesting the stock may be undervalued.
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Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.18, Reliance’s stock is perceived as being overvalued in the market, particularly in relation to sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Reliance’s EV/EBITDA ratio stands at 9.71, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
Market Capitalization: Exceeding industry standards, the company’s market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.
Exploring the Significance of Insider Trading
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
Considering the legal perspective, an “insider” is defined as any officer, director, or beneficial owner holding more than ten percent of a company’s equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider’s new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
The Insider’s Guide to Important Transaction Codes
For investors, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Reliance’s Insider Trades.
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don’t miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. Click here for access.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Atlassian Q1 Earnings: Revenue Beat, EPS Beat, Company Says 'We're Not Just Marketing AI, We're Shipping It'
Atlassian Corp TEAM reported fiscal first-quarter financial results after the bell on Thursday. Here’s a rundown of the report.
- Q1 Revenue: $1.19 billion, versus estimates of $1.16 billion
- Q1 EPS: 77 cents, versus estimates of 64 cents
Total revenue was up 21% year-over-year. Subscription revenue was up 33% year-over-year. Cash flow from operations came in at $80.5 million and free cash flow totaled $74.3 million in the first quarter.
Atlassian ended the quarter with $2.2 billion in cash, cash equivalents and marketable securities.
“Through the power of our R&D engine, we’re not just marketing AI, we’re shipping it. I’m thrilled our team was able to launch Rovo, our latest product built for the AI era, into general availability just five months since its announcement,” said Mike Cannon-Brookes, co-founder and CEO of Atlassian.
“We’re delivering differentiated value for customers through the power of Atlassian’s cloud platform and our Teamwork Graph — enabling teams to unlock organizational knowledge at scale across both first-party and third-party applications.”
Atlassian announced that Brian Duffy will join the company as chief revenue officer, effective Jan. 1, 2025. Most recently, Duffy was the CEO of SoftwareOne.
Outlook: Atlassian expects second-quarter revenue to be in the range of $1.233 billion to $1.241 billion. The company anticipates fiscal year 2025 revenue growth of 16.5% to 17%.
Management will hold a conference call to further discuss these results at 5 p.m. ET.
TEAM Price Action: Atlassian shares were up 15.36% in after-hours, trading at $217.50 at the time of publication Thursday, according to Benzinga Pro.
Photo: courtesy of Atlassian.
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Entegrity Smart, Powered by VIZpin, Delivers Significant Improvements in Net Operating Income for the Multifamily Property Owners with their Bluetooth only Smart Lock
Time Savings, Simplified Operations, and Increased Resident Satisfaction Among Key Benefits
LANCASTER, Pa., Oct. 31, 2024 /PRNewswire/ — Entegrity Smart, powered by VIZpin, is seeing a growing number of multifamily properties experiencing improvements in their Net Operating Income (NOI) with the company’s innovative Smart Lock device that eliminates keys, FOBs, and cards. Over the past 18 months, hundreds of multifamily properties nationwide have reported significant benefits, including:
- Time Savings: Property managers save an average of 260 hours each year on user registrations, as apartment access can be granted or revoked anytime, from anywhere.
- Simplified Operations: Eliminating the need to change or rekey locks upon tenant move-out has resulted in an average annual savings of $6,000 per property.
- Resident Satisfaction: Thanks to a unique Bluetooth design that doesn’t require a network connection, residents experience 100% uptime, meaning they can always enter the door.
We prioritize convenience, security, and affordability—key elements that differentiate us from the competition.
The Entegrity Smart Lock offers property owners and managers a secure, cost-effective, and convenient access solution that turns a resident’s smartphone into their key. The Smart Lock also accommodates fobs for those without smartphone access. It features a unique, patented Bluetooth design that operates without a network connection, ensuring residents remain unaffected by spotty coverage or power outages.
President and Chief Executive Officer of VIZpin, Paul Bodell, noted, “We prioritize convenience, security, and affordability—key elements that differentiate us from the competition. With the Entegrity Smart lock, property managers can easily program a lock remotely when a tenant moves out, eliminating the costly and time-consuming need for physical lock changes. Our online portal provides 24/7 access to monitor all doors and gates, ensuring unparalleled oversight and control that is crucial for multifamily properties. This level of service not only streamlines operations but also supports improved Net Operating Income for property owners.”
For more information on the Entegrity Smart suite of products powered by VIZpin, please visit https://entegritysmart.com.
About VIZpin and Entegrity Smart
VIZpin is a SaaS company providing a full suite of access control solutions. Entegrity Smart is VIZpin’s innovative smartphone access control and visitor management product line, revolutionizing the way businesses balance security and convenience. We are committed to delivering exceptional products and services and pride ourselves on fostering a dynamic, collaborative work environment.
Media Contact:
Wendi Grinnell
Entegrity Smart
Wendi.Grinnell@EntegritySmart.com
717.466.2045
View original content:SOURCE VIZpin Inc.
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