High-flying IPO stocks sell off after quarterly results

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Three of Wall Street's top-performing IPO stocks in 2019 tumbled late on Th...

Prior to Thursday’s after-hours declines, Zoom was up 157% from its initial public offering in April, Crowdstrike had risen 155% since it went public in June, and Medallia was up 74% from its IPO in July.

“The strong print and weakness in the shares has been a recent pattern,” Needham analyst Alex Henderson said. Crowdstrike traded earlier on Thursday at about 85 times expected earnings for the next 12 months, while Medallia traded at a multiple of 37, according to Refinitiv data. Both Zoom’s and Crowdstrike’s year-over-year revenue growth decelerated from their first quarters as a public company. Zoom’s sales growth slowed to 96% in the second quarter, from 103% in the first, while Crowdstrike’s growth eased to 94%, from 103%.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

I for one am shocked

Shocker.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

WeWork mulls slashing IPO valuation as skepticism rises over business model: sourcesWeWork owner The We Company is considering slashing the valuation it will seek i...
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »