4.56 +0.04 (0.88%)
After hours: 7:08PM EDT
|Bid||4.50 x 41800|
|Ask||4.52 x 1000|
|Day's range||4.42 - 4.60|
|52-week range||3.99 - 5.99|
|PE ratio (TTM)||N/A|
|Earnings date||30 Oct. 2018 - 5 Nov. 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.39|
Remember Prodigy, the online service that flourished in the 1990s before flaming out a decade later? Turns out, IBM was one of its original partners and owns Prodigy patents on some of the foundations of e-commerce. A few years ago, IBM claimed Groupon andPriceline Group Inc. were violating some of them and demanded millions.
Soft results in North America, a nasty legal loss against IBM, and murky guidance are all overshadowing Groupon’s solid overseas growth.
IBM (IBM) is a step closer to collect $82.5 million in damages from e-commerce company Groupon (GRPN). A jury in Delaware last month returned a verdict that Groupon infringed on four IBM patents related to e-commerce technology. As a result, the jury recommended that Groupon should pay at least $82.5 million to IBM in damages.
Recode reported that Groupon (GRPN) may end its run as an independent company. Citing people briefed on the company’s plans, the report states that Groupon is quietly searching for a buyer and that Alibaba (BABA) has been floated as a potential buyer. Alibaba, a leading Chinese e-commerce company, is a minority shareholder in Groupon that took a nearly 6.0% stake in Groupon in 2016.
Groupon (GRPN) portrayed a disappointing picture in second-quarter results. The transition to local services market is hurting revenues. Moreover, litigation woes from IBM hurt cost initiatives.
The Chicago-based company said it had a loss of 17 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 2 cents per share. The results did not meet Wall Street expectations. ...
Shares of Groupon (GRPN) slipped 1.5% during regular trading hours Wednesday in a small pullback that might signal investors are hesitant about the firm ahead of its second-quarter earnings release Friday. But the stock is cheap on its face, resting under $5 per share and also boasts some solid bottom-line growth projections.
Internet Highlights: What Are Google and Facebook Up To? Yelp (YELP) recently partnered with event management startup Gather on a program known as Gather Booking Network. Through the partnership, Yelp is getting exposure to the $30 billion US party and events industry.
Snap (SNAP) has returned 2.9% in the last month, -0.22% in the last year, and -0.5% in the last five days. In comparison, peers Yelp (YELP), Groupon (GRPN), eBay (EBAY), and Yandex (YNDX) have returned 23.8%, 39.6%, -7.1%, and 17.4%, respectively.
Amazon (AMZN) generated investor returns of 4.5% in the trailing-one-month period and 76.6% in the trailing-12-month period. The company’s stock price gained 0.91% in the trailing-five-day period.
KLA-Tencor (KLAC) delivers impressive fiscal fourth-quarter results driven by a strong demand environment, customer acceptance of key products, growth in China and operational efficiencies.
Groupon's (GRPN) Q2 results are likely to benefit from strategic partnerships, which are helping it expand its clientele. However, transition to local services market will remain an overhang.
On July 27, IBM (IBM) won $83 million in a patent dispute case against online coupon company Groupon (GRPN). The win could help IBM make a strong statement against other firms that violate patent rights.
Snap (SNAP) is poised to release its second-quarter results just as its social media service is facing a ban in Europe. WhatsApp, which has more than 1.5 billion monthly users globally, is one of Facebook’s (FB) several mobile messaging apps. Snapchat had 191 million monthly users at the end of the first quarter.
A U.S. jury awarded International Business Machines Corp. $83.5 million after finding that Groupon Inc. infringed four of its e-commerce patents. As they began the trial, IBM’s lawyers said Groupon built its online coupon business on the back of IBM’s e-commerce inventions without permission. IBM spends $5.6 billion a year on research and development "to make our lives better," the company’s lawyer John Desmarais told federal jurors in his closing arguments.
As Amazon (AMZN) prepares to report its second-quarter results on July 26, we note that the company decided to raise Prime membership rate. Prime membership benefits include free delivery of items purchased from Amazon’s retail website and a variety of digital entertainment services. Last year, Amazon was estimated to have spent roughly $4.5 billion to license or create entertainment content for its Prime program.
Groupon Inc. is trying to portray International Business Machines Corp. as claiming to have patented the Internet, but that’s “a smoke screen,” IBM’s lawyer told jurors as a two-week court fight over four patents related to e-commerce neared completion. As they began the trial, IBM’s lawyers said Groupon built its online coupon business on the back of IBM’s e-commerce inventions without permission. A Groupon victory, on the other hand, could have lasting impact on the value of IBM’s hefty portfolio of patents.
Today we've highlighted ten stocks that are currently trading for under $20 per share. All of these stocks currently have at least a Zacks Rank #2 (Buy), and a variety of other factors make these companies stand out as having strong upside potential.