🌻Docusign(DOCU), Crowdstrike(CRWD)財報結果
上週這兩家公司發表財報了.
這兩天看了一下他們的財報結果. Again, 兩家的表現都很好, 但發現分析師給DOCU的調價(往上)幅度比較多, 就好奇研究了一下SaaS公司是怎麼被估值的. 有興趣的話可以看看(從中學習到很多. 非常推薦一讀):
https://makingsenseofusastocks.blogspot.com/2021/09/blog-post.html
(By the way, 分析師對CRWD的價格調幅沒那麼大, 主因是成長趨緩了. 而DOCU的free cash flow佔營收比, 以及顧客黏著力在這季創了新高, 是讓分析師按讚的幾個原因).
關於CRWD: "The Street is already modeling revenue growth deceleration in 2022 to 36%, down from 60% expected in 2021, which on its own might prove a hurdle for a stock already trading at a high multiple," said Bank of America analyst Tal Liani in a report.
分析師對於DOCU的評價:
• 11位buy; 給的價格分別是: $310, $320 (x2), $330 (x2), $340 (x2), $345, $350, $350, $389
• 給Buy的分析師的評語:
o Baird: The analyst continues to view them as a best in class way to play digital transformation trends with strong growth, cash flow and profitability, and a strong competitive position. Power said DocuSign remains one of his top long-term compounding growth ideas.
o Citi: While slightly shy of the double-digit billings beat in recent quarters, DocuSign still delivered a solid 8% beat to Q2 billings, which grew 47% year-over-year, Radke tells investors in a research note.
o Evercore ISI: he calls "another strong quarter." While some may have wanted to see more aggressive Q3 billings guidance, he believes estimates "continue to leave room for upside," Materne said.
o JMP Securities: While revenue growth decelerated to 50% from 58% in Q1, the company is the clear leader in electronic signature and the broader system of agreement having crossed over 1M customers with a $2B run rate this quarter, the analyst tells investors in a research note, adding that he sees lots of room for growth as DocuSign targets a $50B total addressable market.
o Needham: The analyst commented, "Docusign reported another strong quarter in 2QF22 with typical DOCU upside to revenue and profitability. Sales metrics and growth decelerated Q/Q, as we expected against a massive pandemic quarter, but at a much slower rate than we believe much of the Street was anticipating. 65k net new customers was lower than the 70k - 90 range of CY20 but was still more than 2x greater than any pre-pandemic quarter, highlighting a strong end-market driving 47% billings growth against a strong comp. Commentary on incremental Agreement Cloud demand was positive, suggesting an additional growth tailwind combined with solid international can further aid 2HF22. Although DOCU shares could be lower near-term due to weak 2H OpMg guidance, we think this guidance is conservative, as the recent OM was greater than the pre-pandemic level even with tough comps."
o RBC Capital: The quarter highlighted the sustainability of the company's tailwinds post-pandemic as most of its underlying metrics such as billings and net revenue retention were solid, the analyst tells investors in a research note, adding that the traction with CLM and Notary was also "impressive".
分析師對於CRWD的評價:
• 12位buy; 給的價格分別是: $300, $310 (x2), $313, $315 (x2) , $305, $320, $325, $330 (x2), $340
• 1位給hold: $280 (from $220 by J.P. Morgan(same))
• 給Buy的分析師的評語:
o Baird: The analyst believes the company has significant room for growth with core modules, opportunities with Humio and in cloud workload security, among others, should help drive a continuation of strong growth over a long time horizon.
o BTIG: The company's "strong" Q2 results "cleared every hurdle", even though the buy-side benchmarks may have been slightly higher, the analyst tells investors in a research note. Powell adds that Crowdstrike is clearly gaining share in its core endpoint security target market at a rapid pace and gaining traction with new products across multiple categories.
o Canaccord: The analyst said the stock is down from its recent highs, and he thinks the re-rating creates a more favorable entry point for longer-oriented investors for a foundational security name. He views Crowdstrike as a long-term secular winner in security due to its native cloud platform advantage versus closely held peers in endpoint security combined with platform expansion into tangential segments to capture greater share of security budgets.
o Goldman Sachs: CrowdStrike last night delivered "another beat and raise quarter as the company benefited from another quarter of elevated demand," Essex said. But it traded lower following net new annual recurring revenue growth guidance that was slightly less than investors had hoped for. Essex, nonetheless, said the quarter demonstrated CrowdStrike's "ability to continue to go down market efficiently."
o JMP Securities: The analyst notes the company's Q2 annualized recurring revenue of $1.34B topping his estimate of $1.30B, with "sustained" 70% ARR and revenue growth along with margin upside seen as key highlights for the quarter. Suppiger adds that the metrics reflect Crowdstrike's "strong execution and robust demand environment".
o Mizuho: "very good" fiscal Q2 results. The annual recurring revenue growth of 70% year-over-year "was strong and still nicely surpassed" the Street's 65%-66% estimate, Moskowitz tells investors in a research note. He believes "strong execution can propel" Crowdstrike's stock higher.
o Piper Sandler: The company's metrics "outperformed across the board" in Q2 with 70% annual recurring revenue and revenue growth and record net new customer adds in the quarter, Owens tells investors in a research note.
o RBC Capital: Hedberg adds that CrowdStrike's record pipeline entering Q3 should continue to fuel the company's "land-and-expand" momentum.
o Stifel: Q2 results that he said "exceeded consensus estimates across all major financial metrics." He continues to believe that Crowdstrike's growth opportunity "remains in the early days" despite the company's scale given continued share capture within its core endpoint security market and incremental module adoption on the Falcon Platform, Reback tells investors.
o UBS: the company reported "pretty good" Q2 results against high expectations.
🌻趨勢: 跨境電商 Cross-border commerce
Morgan Stanley:
From our perspective, we think many are underestimating what the cross-border eCommerce demand could ultimately be, once key friction points like FX rates, tax and duties, shipping, language, etc are smoothed—all issues that Global-E directly addresses.
Cross-border ecommerce brings new, high-yield volume: We think elevated levels of cross-border ecommerce (ex-travel) is a structural shift thathas yet to be fully contemplated in MA (and V)'s long-term forecasts. MA's cross-border CNP ex-travel volume was 69% above 2019's level in 2Q and 63% higher in 1Q. Strength reflects both broader ecommerce adoption plus globalization of commerce, as marketplaces and services that reduce cross-border friction (such as those from GLBE) make international online ordering more readily adopted. Early data at V suggests greater cross-border ecommerce spend is persisting even in areas with pre-pandemic levels of international travel. Cross-border transactions also come at a higher yield, making us more optimistic that the trend can bring incremental long-term growth to the networks.
產業的潮流是有連貫性的. 疫情讓電商更發達後, 接下來應該就是加速電商跨境了. 跨境的話, 有很多問題需要解決(稅率, 語言, etc.) 這就需要有公司來做整合的動作. 這種跨境, 也可以想像是omnichannel的一種呈現.
Harley Finkelstein (President of Shopify): "I mean I think commerce in 2021 is cross-border."
🌻SPAC熱潮退卻,初創市值蒸發750億美元
"SPAC熱潮已經退卻。分析顯示,在2月中旬以前完成合併的137家SPAC的總市值已經蒸發25%,市值回落幅度上個月一度超過1,000億美元。"
"像貝萊德(BlackRock Inc., BLK)和富達投資(Fidelity Investments Inc.)這類企業管理的基金,以及許多對沖基金、養老金管理公司和其他一些投資者,都在SPAC的回落中遭受了衝擊,他們在去年年底開始的熱潮中競相投資SPAC。其中許多基金由於在價格還很低的時候就早早入場,所以現在仍坐擁可觀收益。事實上,SPAC市值仍有約2,500億美元,高於一年前的約1,000億美元,反映出這期間股價上漲和新公司上市的影響。
但即便如此,今年年初令人炫目的回報還是讓許多後來者做了接盤俠,扎堆投資所謂穩賺不賠的領域,其永恆的風險可見一斑。在過去的幾個月裡,一些投資者眼睜睜看著帳面財富縮水。"
"股價下跌會在SPAC領域形成惡性循環,因為投資者有權在併購交易前從空白支票公司撤資。一旦SPAC跌破發行價,投資者就更有可能這樣做,而許多SPAC的股價現在正處於這樣的水平。目前,在尚未宣布併購交易的空白支票公司中,超過95%的公司股價低於發行價。
投資者的大規模撤資會讓已經上市的空白支票公司手上的現金大幅減少,讓其更難實現業務目標,並可能加劇股價跌勢。"
https://on.wsj.com/3n6JznC
🌻BNPL (buy now pay later)
But most BNPL providers including Affirm, Klarna and Afterpay have been losing money despite breakneck revenue growth as they invest heavily in marketing to win share. Sweden-based Klarna’s credit losses more than doubled in the second quarter. Affirm has projected adjusted operating losses of $50m-$55m for the fiscal year that ended June 30.
The path to profitability for many of these companies was to achieve massive scale, analysts said.
https://www.ft.com/content/ca201a37-a16d-4223-b123-04d38350a972
Pictures: 一葉知秋; from EarningsWhispers
同時也有138部Youtube影片,追蹤數超過63萬的網紅沛莉 Peri Story,也在其Youtube影片中提到,週末愉快😊 在台灣到處都有牛肉麵,在美國則是大家都愛越南河粉!這兩者的地位好像差不多!都是會讓人想念的存在❤️ 今天美食探店#9,一起到超豪華5種牛肉越南粉無限吃到飽? 還有現點現做知名Mochi甜甜圈太好吃了! Sup Noodle Bar - Irvine 14370 Culver Dr...
「is 300價格」的推薦目錄:
- 關於is 300價格 在 貓的成長美股異想世界 Facebook 的最讚貼文
- 關於is 300價格 在 Facebook 的最佳貼文
- 關於is 300價格 在 工商時報 Facebook 的最讚貼文
- 關於is 300價格 在 沛莉 Peri Story Youtube 的最佳貼文
- 關於is 300價格 在 黃小米Mii Youtube 的最讚貼文
- 關於is 300價格 在 小冰x跩寶 Youtube 的最佳貼文
- 關於is 300價格 在 [新聞] 價格殺的誇張!2021 Lexus IS 預售啟動! - 看板car 的評價
- 關於is 300價格 在 [分享] 2018 Lexus is300 F Sport 心得與菜單分享價格解析 的評價
is 300價格 在 Facebook 的最佳貼文
💗最療癒的粉色系💗想要逆齡的女孩看這邊🌍
瞬涼登峰衣顏色多種🎨共15色部分款式多達7個尺寸🌟
👉 https://pse.is/3klztl
#限量藕粉XS到M現貨剩下不到300多件趕緊衝啊💕
#粉紅全尺寸現貨 #現貨下單24小時內立即出貨
🐛機能Mix時髦度融合的非常好防曬衣夏季必備👑
🐛大帽子旁自行調整壓釦隨妳定義貼心is第一名🏆
🐛必備快速排汗有感降溫涼感面料必須擁有多色😎
🐛手袖口鬆緊帶剛好不勒手拉鍊輔料最佳不卡布✌️
🐛四面彈面料伸展一把罩到彈力女超人的優等級🦋
🎁送禮自用兩相宜👉 https://pse.is/3klztl
Fifteen Steps Workshop 立馬喝完濃郁奶奶咖啡推薦~☕️
-
免貨比三家價格最優惠實在💰外在內在全部兼具❤️
15種顏色選擇超多🎨趁優惠揪朋友一起買更划算👭
-
✋️安心保障消費者
#官網享有七天鑑賞期 #開立發票 #不滿意退貨退款不囉唆
#統一與全家超商取貨免運費 #線上刷卡宅配貨到付款都行
-
立即加入LINE好友獲得購物金🍀
👉 https://goo.gl/UH5P8S
is 300價格 在 工商時報 Facebook 的最讚貼文
權證股票一家親💕
長知識了🤔原來權證的漲跌幅是根據股票❗
買不起大立光股票不要擔心 權證是你最佳夥伴
一張300萬的股票只要用1000元甚至更少金額 就可以買到大立光的權證了‼
權證有個重要的特性是👇
Money can buy dreams💰權證投資金額負擔不大 小資金換大未來!
Time is money🕒隨著權證到期日接近,價值會逐漸歸零,所以權證不可放久
Stay away from risk☠️股票下跌正是運用權證避險的好時機,買入認售權證可以避開股票下跌的風險❗
權王也要提醒大家⚠股票漲,權證不一定跟著漲👀
權證的履約價值是由股價是否超越履約價而決定
權證的履約價格與股價相差太遠 權證還是不會漲的❗
趕快小試身手吧 https://twkc.ctee.com.tw/
is 300價格 在 沛莉 Peri Story Youtube 的最佳貼文
週末愉快😊 在台灣到處都有牛肉麵,在美國則是大家都愛越南河粉!這兩者的地位好像差不多!都是會讓人想念的存在❤️ 今天美食探店#9,一起到超豪華5種牛肉越南粉無限吃到飽? 還有現點現做知名Mochi甜甜圈太好吃了!
Sup Noodle Bar - Irvine
14370 Culver Dr Unit 2H, Irvine, CA 92604
(657) 300-8420
MoDo Hawaii
14230 Culver Dr, Irvine, CA 92604
(949) 316-4021
😊 歡迎訂閱頻道 ► 記得開啟小鈴鐺,第一時間收到新片通知
沛莉開箱中 http://bit.ly/periyoutube
沛莉一家闖美國 https://ppt.cc/fZbT1x
小陶德玩樂園 https://ppt.cc/fbQHHx
🛒 購物推薦 ► https://www.amazon.com/shop/peri.com.tw
從這裡可以找到我常用、愛用推薦的商品,價格與一般相同、貨源來自各大供應商,可以安心。但透過連結購買我們會得到來自amazon官方分潤獎金,支持我們持續創作,在此說聲謝謝。
😘 更多即時生活分享,歡迎追蹤社群
Instagram ► https://www.instagram.com/peri168/
Facebook ► https://www.facebook.com/peri.com.tw
聯絡信箱 ► peritaiwan@gmail.com
非商業合作影片
This video is not sponsored.
is 300價格 在 黃小米Mii Youtube 的最讚貼文
久違的品牌全妝單元!
訂閱黃小米Mii► https://goo.gl/nR6eqz
品牌全妝播放清單► https://goo.gl/v1SZM4
這次要分享的是台灣美妝品牌SOLONE
從早期的代表作眼線膠筆,到後來的單顆眼影都很有記憶點
在2019年品牌全新改造,質感形象整個升級
但價格依舊在開架中非常有競爭力
有看我影片就知道我也分享過不少他們家的產品
原本收到眼影跟睫毛膏的試用合作
我就主動提說不然來拍一個品牌全妝
畢竟他們現在品項也蠻齊全的,也能用這支影片讓大家知道更多產品
這次就會邊上妝邊介紹的方式來分享
馬上逛▶ https://bit.ly/3hbuzl9
#開架彩妝 #MIT彩妝 #Solone彩妝
PRODUCTS//
▫️Solone|補水柔焦妝前精華 NT.320
▫️Solone|專屬訂製輕粉底SPF50(全4色 #W3)NT$399
▫️Solone|大藝術家玩色扇形粉底刷-F08 NT.350
▫️Solone|訂製零瑕疵遮瑕蜜(全3色 #03)NT.300
▫️Solone|專屬訂製眼彩盤_演奏家 NT.560
▫️Solone|大藝術家玩色眼窩鋪色刷-E01 NT.200
▫️Solone|大藝術家玩色眼影暈染刷-E02 NT.180
▫️Solone|大藝術家玩色重點勾勒刷-E03 NT.180
▫️Solone|大藝術家玩色斜角鋪色刷-E08 NT.180
▫️Solone|大藝術家玩色修容刷-F03 NT.280
▫️Solone|女神光打亮餅(全6色 #03)NT.159
▫️Solone|大藝術家玩色火苗打亮刷-F05 NT.280
▫️Solone|天生激纖長睫毛膏 NT.350
▫️Solone|持久流暢眼線液筆(全3色 #02)NT.320
▫️Solone|極潤緞光唇膏(全14色 #007)NT.350
TODAYS//
上衣|Mellow co.
https://bit.ly/3jGCWGV
10部頻道必看影片整理大補帖:
http://miihuang.pixnet.net/blog/post/117247496
我的膚質:乾性肌(黑眼圈、膚色不均困擾)
------------------------------------------------------------------------
More about Mii
Blog:http://miihuang.pixnet.net/blog
FB:https://www.facebook.com/miihuang711
Instagram:https://instagram.com/lovemiihuang
Weibo:http://weibo.com/2812497002/profile
Thank you for watching
歡迎訂閱我的頻道,每週都會更新影片唷!
Camera: Canon EOS RP
Editing Software: FCPX
✎This video is sponsored by Solone.
is 300價格 在 小冰x跩寶 Youtube 的最佳貼文
豆腐巴斯克乳酪蛋糕~ 超!級!美 !
這個食譜很高蛋白版~ 我做了幾次~~試到這個材料配搭最好吃😋~
其實原本的乳酪起司蛋糕,你不加糖的話,就是一個蠻不錯減醣甜點
哈哈!真的!它的主要材料是Cream Cheese
Cream Cheese (奶油乳酪)碳水很低
熱量不會很高 (甚至比腰果還低呢!)
只是我們這次把奶油乳酪跟鮮奶油,換成豆腐、腰果、鷹嘴豆、優格
會比較高纖高蛋白
這個巴斯克乳酪蛋糕熱量不會太高,
但是營養更健康的唷!
☆鷹嘴豆粉這裡找:https://happyeatfit.com/shop/littleice2016☆
今天的材料:
豆腐 300克 (吸乾水份)-------- 165大卡
腰果 40克 (可改用鷹嘴豆粉)---- 213大卡
鷹嘴豆粉 40克---------------- 143大卡
雞蛋 2顆 -------------------- 129大卡
無加糖優格 200ml ------------- 162大卡
起司 2片--------------------- 96大卡
檸檬汁 ---------------------- 7 大卡
香草精
鹽巴
___________________________________________
蛋糕用了以上80%的麵糊 -----共約 732 大卡
建議每次享用一片 (約1/6 個)約 122大卡
#減醣 #低醣飲食
#巴斯克乳酪蛋糕 #豆腐蛋糕 #起司蛋糕
#減肥餐
#一起開心吃著瘦
影片標題:豆腐巴斯克乳酪蛋糕 ☆ 每片122大卡|低醣高蛋白版|增飢減脂 - 不邪惡甜點|減肥食譜
影片音樂:
HoneyDrops by KadirDemir
Daytime by WolfSamuels
Noam by MayaIsac
WooHer by JoyHanna
******************************************
來了解更多我的生活吧:
IG: https://www.instagram.com/happy.eat.fit/ (分享我每天吃什麼)
IG: https://pse.is/littleiceIG (多分享生活點滴)
Facebook: https://pse.is/littleiceFB (多分享減重心得跟和跩寶的二三事)
減重好物社團:https://pse.is/littleiceGroupBuy (有什麼想購,歡迎來許願阿!)
合作聯繫:littlelittleice2016@gmail.com
另外~ 我們開了網店 🎉💪🏻😜
每個月都會親自挑選好吃/健康的好東東上架
歡迎有空來看看唷!
👉🏻小冰嚴選好物 - 健康美味棧:https://happyeatfit.com
******************************************
某些影片含分潤連結,但不影響購買價格。
如介意可自行到google搜尋商品
This Video is NOT sponsored.
is 300價格 在 [分享] 2018 Lexus is300 F Sport 心得與菜單分享價格解析 的推薦與評價
L牌是這個價位是非常經濟實惠的選擇同價格能夠享受到的配件多之又多! 雖廠牌未頂天但至少髮梢也碰到了 外觀見仁見智至少我覺得IS車頭很帥 內裝 ... ... <看更多>
is 300價格 在 [新聞] 價格殺的誇張!2021 Lexus IS 預售啟動! - 看板car 的推薦與評價
原文連結:https://pse.is/wztn2
原文內容:
也不過三、四個月前,Lexus選在海外發表二次小改款的IS車系,雖然只是在既有架構下
重新調整外觀及內裝等等面向,但在名為「Toyota Technical Center Shimoyama」這激
似紐北賽道的測試場調校之下,IS或許是舊瓶新裝,但所蘊含的實力可比擬整個世代的全
面更新!
而在三、四個月後,Lexus Taiwan選在今日正式公布IS預接單價,在去除掉純燃油動力之
後,單一IS 300h自190萬起向上疊加至199萬的頂級版或F SPORT版,而且還不過只是「預
接單價」爾爾,待11月正式發表或許會有另一波驚喜降臨!
和上一版IS相較,外觀上Lexus為其導入全新的Spindle Grile水箱罩,覆蓋面積更大,並
且運用折線的勾勒使視覺高度降低許多,然IS的車長和車寬均增加了30mm,使的整體看來
更為服貼在地,外加降低43mm的引擎蓋高度,流線的造型更具跑格。全新的燈具設計將遠
LED近頭燈、日行燈整合於一塊,頂級版還配有專屬的三眼式樣,車側雙邊後視鏡則仿效
ES等車系之新世代風貌,輪圈則自18吋起跳,並且在F SPORT版提供19吋前後配的版本。
來到車尾,Lexus為IS重新打造了尾廂乃至於整個尾燈總成的風格,就尾廂蓋的部分則頗
有效法ES車系的圓弧曲線,尾燈採用全新L-shaped設計,連貫左右的燈條和UX車系並無二
致,加上專為F SPORT版量身打造的運動化套件,鋼琴烤漆的擾流鴨尾及後下保桿等等,
滿滿日式風味的跑格座駕至此誕生!
進入車艙,控台功能分布大致不變,不過Lexus為IS車系重新調整了車載螢幕的位置,8吋
觸控式樣由原先的被儀表台包覆的嵌入式樣,改成佇立式的主流風格,向前移動140mm並
且加入Apple CarPlay和Android Auto標準配備,不只駕乘者更能輕易操作,閱讀性也提
升了許多。此外,包含在空調出風口和飾板等細節都有所不同,和舊版做出了些差異。
維持一樣的軸距設定,IS的乘坐表現倒是和舊版沒有太多差異,頂級款可額外加價5萬元
選配天窗;另在內裝氣氛的構成上提供多樣化的選擇,F SPORT版還配有專屬的跑車化座
椅,加上全車系標配的前座8向電調功能、電動加熱、後座空調出風口,和頂級版專屬的
通風功能等等,豪華車款應有的配備IS可說一項不缺。
受限於環保法規因素,在去除掉IS 300等純燃油動力後,Lexus僅提供單一IS 300h油電車
型,車型等級也自過去7款限縮至3款,但對比舊年式IS 300h頂級NAVI版的230萬正式售價
,二次小改版本那190萬起的預接單價可說實惠的 非 常 多 !搭載代號2AR-FSE之2.5L直
列4缸Atkinson循環引擎和電動馬達所構成的複合動力系統,燃油引擎最大馬力133kW(
181PS)/6,000rpm和22.5kgm/4,250-5,400rpm扭力輸出,油電系統可提供綜效164kW(
223PS)表現算是不俗。
最終、也是最重要的,Lexus同時間也針對IS車系升級智動駕駛輔助系統,LSS+ 2.0新增
LTA車道循跡系統,DRCC感應式車距維持定速系統也升級支援全速域設定;懸吊為前雙A臂
、後多連桿結構,頂級版與豪華版提供新款Swing Valve機械式可變阻尼避震器,F SPORT
版則升級AVS可變阻尼懸吊系統,提供出色的舒適性和支撐性。只能說,以Lexus為IS提供
的配備水準,無論怎麼選都不會有讓人失望的!
2021 Lexus IS預接單價如下:
IS 300h豪華版.NTD 1,900,000
IS 300h頂級版.NTD 1,990,000
IS 300h F SPORT版.NTD 1,990,000
心得/說明:其實講白了大家都在等大改款的到來,新年式降價是也不意外,而且羊毛出
在羊身上,很多配備都被拔掉了,竟然連2.0渦輪也沒有...
*轉錄新聞/情報,必須附上原文及網址連結及心得或意見30字(不含標點符號)*
--
※ 發信站: 批踢踢實業坊(ptt.cc), 來自: 111.250.9.201 (臺灣)
※ 文章網址: https://www.ptt.cc/bbs/car/M.1602853417.A.E81.html
... <看更多>