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Wipro Limited (WIT) Q1 2021 Earnings Call Transcript

WIT earnings call for the period ending June 30, 2020.

Dropbox (DBX) Gains But Lags Market: What You Should Know

In the latest trading session, Dropbox (DBX) closed at $20.29, marking a +0.15% move from the previous day.

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  Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know

  Zacks
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  Amkor Technology (AMKR) Dips More Than Broader Markets: What You Should Know

  Zacks

Fastly (FSLY) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Fastly (FSLY) closed at $81.87, marking a -1.6% move from the previous day.

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  Norwegian Cruise Line (NCLH) Stock Sinks As Market Gains: What You Should Know

  Zacks
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  Amkor Technology (AMKR) Dips More Than Broader Markets: What You Should Know

  Zacks

What Is The Ownership Structure Like For Clarivate Plc (NYSE:CCC)?

The big shareholder groups in Clarivate Plc (NYSE:CCC) have power over the company. Large companies usually have...

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  How Many Bank of America Corporation (NYSE:BAC) Shares Do Institutions Own?

  Simply Wall St.
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  Are Institutions Heavily Invested In Compugen Ltd.'s (NASDAQ:CGEN) Shares?

  Simply Wall St.

Why HubSpot Stock Is Falling Today

Shares of HubSpot (NYSE: HUBS) were sliding this morning on seemingly no company-specific news. As of 11:50 a.m. EDT, HubSpot's shares were down 3.7%. Many technology companies have seen their share prices rise over the past few months, as companies have relied on technology to allow their employees to work from home and to keep in touch with existing customers.

Why Fastly Stock Is Sliding Again Today

Shares of Fastly (NYSE: FSLY) were sliding 6.5% lower as of 11:31 a.m. EDT on Tuesday. The edge computing company didn't report any news that would cause its stock to fall. Instead, it appears that a sell-off that began last week after two analysts expressed hesitation about Fastly's valuation is continuing to pick up momentum.

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  Why Sea Limited Stock Was Pulling Back Today

  Motley Fool
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  Why Farfetch Stock Slid Today

  Motley Fool

‘Ghost of Tsushima’ review: The PlayStation 4’s big send-off

'Ghost of Tsushima' is the last major exclusive for the PlayStation 4, and it offers the console a worthy send-off

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  Ghost of Tsushima, review: a lush and sometimes sublime samurai epic

  The Independent
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  In ‘Ghost of Tsushima,’ Sony saves PS4’s best for last

  Engadget

3 Top Tech Stocks to Buy Right Now

Investors may have also noticed that the overall technology industry has proven sturdy amid the extreme challenges created by the coronavirus pandemic. Three that fit that description are CrowdStrike (NASDAQ: CRWD), Baozun (NASDAQ: BZUN), and Glu Mobile (NASDAQ: GLUU). It's no secret that a growing number of businesses are transitioning their key operations to the cloud.

AUD/USD Price Forecast – Australian Dollar Looking Exhausted

The Australian dollar has failed to continue rallying again, as the 0.70 level has been extraordinarily resilient as far as resistance is concerned.

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  AUD/USD and NZD/USD Fundamental Weekly Forecast – Up on Risk Sentiment, but COVID-19 Worries Linger

  FX Empire
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  AUD/USD Price Forecast – Australian Dollar Continues to Fight Same Battle

  FX Empire

Wipro Limited Announces Results for the Quarter Ended June 30, 2020 Under IFRS

Wipro Limited Announces Results for the Quarter ended June 30, 2020 under IFRS

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  BrightSphere to Report Financial and Operating Results for the Second Quarter Ended June 30, 2020

  Business Wire
• Pinnacle Bancshares Announces Results for Second Quarter Ended June 30, 2020

  Business Wire

Smartsheet Brings Together Government Industry Experts to Form Federal Advisory Board

Smartsheet (NYSE:SMAR), the enterprise platform for dynamic work, today announced the company’s Federal Advisory Board composed of former federal government executives from civilian, defense and intelligence agencies. These industry experts will provide strategic insights into government-specific market needs and assist in driving growth within the federal sector.

Wipro to Acquire IVIA Serviços de Informática Ltda, a Specialized IT Services Provider to Financial Services, Retail and Manufacturing Sectors in Brazil

Wipro Limited signed an agreement to acquire Brazil based IVIA Serviços de Informática Ltda.

Is First Solar Stock a Buy?

The solar industry continues to grow around the world, yet solar companies continue to struggle to make consistent profits. Despite the potential impact, First Solar (NASDAQ: FSLR) remains one of the industry's leaders, with a rock-solid balance sheet and reliably profitable operations.

Economic Data Puts the GBP and EUR in Focus as COVID-19 Cases Continue to Spike

COVID-19 and corporate earnings in focus, with economic data to drive the GBP and the EUR.

Nasdaq Sinks 227 Points as Zoom, Other Investor Favorites Reverse and Fall Hard

The Nasdaq Composite (NASDAQINDEX: ^IXIC) has had a great run, rising to record highs. After having been up significantly for much of the day, the Composite and the Nasdaq-100 index fell almost 2%. To be clear, not all Nasdaq stocks suffered declines.

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  Market Recap: Monday, July 13

  Yahoo Finance Video
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  Dow Jones Firm Amid Tech Sell-Off: JPMorgan Earnings In Focus, Tesla Gets Another Price Target Hike

  Investor's Business Daily

Why Fastly Stock Fell on Monday

The growth stock's pullback follows its incredible run in recent months. Last week, Craig-Hallum analyst Jeff Van Rhee gave Fastly a $100 12-month price target, but lowered his rating for the stock from buy to hold because of the stock's frothy valuation. Similarly, Bank of America analyst Tal Liani boosted his price target for the stock from $50 to $90 but changed his rating on the stock from buy to underperform, citing the stock's high price-to-forward sales multiple.

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  Why Workhorse Group Stock Is Higher Today

  Motley Fool
• Netflix's stock surges toward another record after analysts boost price targets, citing sub growth trends

  MarketWatch

AUD/USD Price Forecast – Australian Dollar Continues to Fight Same Battle

Australian dollar rallied on Monday in a positive tone. We have a significant amount of resistance in the area of 0.70 it seems to be holding relatively firm.

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  GBP/USD Price Forecast – British Pound Finds 50 Day EMA Supportive

  FX Empire
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  Natural Gas Price Forecast – Natural Gas Markets Show Signs of Exhaustion on Tuesday

  FX Empire

The Zacks Analyst Blog Highlights: Zoom Communications, Fortinet, Anaplan, Twilio and SAP

The Zacks Analyst Blog Highlights: Zoom Communications, Fortinet, Anaplan, Twilio and SAP

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  Is BlackRock (BLK) Outperforming Other Finance Stocks This Year?

  Zacks
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  Delta Air Lines (DAL) Reports Q2 Loss, Tops Revenue Estimates

  Zacks

Forex Technical Analysis & Forecast for July 13, 2020

Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.

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  Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - July 14, 2020

  Zacks
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  Bitcoin News Roundup for July 14, 2020

  CoinDesk

AUD/USD and NZD/USD Fundamental Weekly Forecast – Up on Risk Sentiment, but COVID-19 Worries Linger

A failure to contain the spread of the virus could plunge the economies of the United States, Australia and New Zealand back into hibernation.

AUD trades sideways as broader ranges narrow

Posted by OFX AUD - Australian Dollar The Australian dollar crept higher through trade on Tuesday, supported by underlying USD weakness and a small uptick across risk assets. Trade was choppy and moves relatively modest as ranges across currency markets narrowed. The AUD has struggled to break outside a 70 point range … Continue reading "AUD trades sideways as broader ranges narrow"The post AUD trades sideways as broader ranges narrow appeared first on .

Charting a bull-trend whipsaw, S&P 500 nails next resistance

Technically speaking, the U.S. benchmarks have registered a mid-July market whipsaw, writes Michael Ashbaugh, pressured at least briefly amid the month’s first real selling pressure.

'Ghost of Tsushima' likely last exclusive to hit PS4

Sony is rolling out some major exclusives for its current console, with its new game ‘Ghost of Tsushima’. Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Dan Howley discuss the details.

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  Liteboxer enters at-home workout space

  Yahoo Finance Video
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  America’s ongoing, and growing, inequality problem

  Yahoo Finance Video

J.P. Morgan: 3 Strong Value Stocks to Buy Now

Marko Kolanovic, JPMorgan’s quant expert, sees equities as both expensive and cheap at the same time. Yes, he acknowledges stocks are priced at or near their all-time highs in absolute terms, and compared to earnings – but in relation to bonds, stocks are undervalued. And with that comparison tied directly to bond yields, which are historically low and unlikely to see gains any time soon, Kolanovic believes that stocks will act as cash magnets in 2H20.He notes that the mega-cap growth stocks are hitting new record highs again – see Apple for a prime example – and that they are benefitting from fears of a second wave of coronavirus. But Kolanovic adds that the market isn’t estimating the effect properly. While cases are rising sharply in the three of the largest states (California, Texas, Florida), death rates are remaining low. This suggests that the virus is becoming less dangerous – and that when the markets collective wisdom realizes this, value stocks are going surge.In fact, in Kolanovic’s view, a late summer surge “could result in a rapid momentum sell-off and value rally.” The trick now will be finding the value stocks that are primed for that gain.Fortunately, Kolanovic’s colleagues in JPM are on the case. They have pinpointed three stocks showing signs of great value – relatively low cost now, with serious upside potential for the coming year. We’ve used the TipRanks database to pull up the details, and find out what makes JPM's picks so compelling.JOYY, Inc. (YY)We’ll start in China, with JOYY, a major social media and online digital streaming platform. It’s easy to overlook China, from the West, as the country is highly insular by both government policy and cultural history, but we shouldn’t forget that China, with population near 1.4 billion, has an ‘online population’ of almost 800 million. That’s double the population of Europe, and more than double the population of the United States – and that is only China’s domestic market. Add in China’s moves toward the global stage, and the possibilities are staggering.That can be seen from YY’s share growth. The stock is up 50% year-to-date; a look at the share price chart shows that YY simply shrugged off the ‘corona quarter.’ First quarter net revenue reached $1.01 billion, a 49% year-over-year gain. Strong growth across the company’s online subsidiaries powered the gains, as monthly average users (MAU) hit 520.1 million. A major part of JOYY’s growth in recent months has come from Singapore’s Bigo live streaming platform. The Chinese company bought Bigo in May of last year, in a move valued at $2.1 billion. Since then, Bigo has become the world’s fifth largest site for streaming apps.Bigo was on JPMorgan's Alex Yao’s mind when he reviewed JOYY stock. The 5-star analyst noted, “[W]e believe the current share price hasn’t fully factored in Bigo’s growth potential and we expect strong Bigo revenue growth in 2Q20 and turning profitable in 4Q20 will be near term share price catalysts...”To this end, Yao rates the stock a Buy, and supports that by raising his price target to $125. That new target implies a strong upside potential of 57% for the year ahead. (To watch Yao’s track record, click here)It’s clear that Wall Street agrees with JPM’s analysts about the quality of YY stock. The shares have a unanimous Strong Buy consensus rating, based on 7 Buy reviews. The stock is selling for $81.45, and the average target of $104.17 suggests a 28% upside potential. (See YY stock analysis on TipRanks)Cloudflare, Inc. (NET)Next up is Cloudflare, a multi-billion-dollar online network operator. The company offers content delivery network services, web infrastructure and website security, and domain name server services. Cloudflare say revenues rise to $287 million last year, and 1H20 saw its EPS net loss narrow. The current business environment, with more people working remotely from home, and with businesses relying more than ever on teleconferencing, have put Cloudflare’s products and services in high demand.The Q1 earnings report shows that, as far as possible. NET’s revenues surged 48%, reaching $91.3 million and beating the forecasts. Cloudflare reported some 250,000 new customers in the quarter, putting the company’s total customer count at 2.8 million. Sales grew 44% year-over-year in the US – and an even more impressive 58% in Europe. US sales are 40% of the company’s total. Covering the stock for JPM, 5-star analyst Sterling Auty describes the company’s portfolio of products as ‘gaining traction’ in current conditions. He writes of the stock, “[We] expect the company to convert its free Teams offering over to a paid solution in the coming quarters and that has the potential of generating additional revenue tailwinds… we believe that there is ample upside opportunity to the revenue results over the next several years to generate an attractive free cash flow profile…”Auty’s $52 price target implies a 48% one-year upside, and fully supports his bullish outlook. (To watch Auty’s track record, click here)Like many upwardly mobile tech companies, Cloudflare’s stock has pushed past its average price target in recent trading. The stock is currently priced at $36.75; Auty’s outlook suggests that Wall Street’s analysts may have to readjust their targets here. In the meantime, NET has a Moderate Buy rating from the analyst consensus, based on 8 Buys and 4 Holds. (See Cloudflare stock analysis on TipRanks)Ormat Technologies (ORA)Not all tech is digital tech. The last company on our list, Ormat Technologies, is an alternative and renewable energy provider, based in Nevada and operating around the world. The company boasts over 150 power plants generating more than 2,000 megawatts of power in 30 countries. Ormat is a major provider of geothermal energy in Guatemala, Honduras, Kenya, and the US.No matter how the economy goes, we all need power – and Ormat used that fact to keep earnings up during the corona crisis. The company’s Q1 results beat the forecasts, coming in at 51 cents per share. Revenues, however, slipped year-over-year by 3.5%, to $192.1 million.That slip is reflected in the share value, which is down 17% year-to-date. ORA has underperformed the broader markets, which ironically increases the value potential of the stock. The company’s electricity segment – about half of the total business – features high margins, giving the company a strong foundation for future income.JPM’s 5-star analyst Mark Strouse has this in mind when he writes, “We view ORA as one of the higher-quality stocks in our Alt Energy coverage universe, based on relative balance sheet strength, earnings power and visibility that originates in the shift toward ownership and operation of a diverse portfolio of geothermal projects.”Strouse upgrades his stance on ORA shares, raising them from Neutral to Buy. His price target, at $82, indicates room for a 32% upside. (To watch Strouse’s track record, click here)ORA has two recent analyst reviews, one Buy and one Hold, making the consensus view a Moderate Buy. (See ORA stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.