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<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In terms of more established actions in the market stock, Broadcom (NASDAQ: AVGO) published its second quarter results of fiscal year 2019 after the market close. The trading after the normal opening hours of the shares of this company is dynamic, but this is not necessarily a positive evolution … "data-reactid =" 12 "> In terms of more established stocks in stock Exchange, Broadcom (NASDAQ: AVGO) published its second quarter results of fiscal year 2019 after the market close. After normal trading hours, the trading of this company's shares is intense, but it is not necessarily a positive development …
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Fiverr: the second megahit IPO in as many days
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Twenty-four hours after the stock computer security company CrowdStrike took off like a rocket on its first day of trading, just like Fiverr. On the price of its IPO of $ 21 per share, Fiverr rose 90% to close its first day of trading at 39.90 dollars. Investors continue to claim the title tonight. in post-market action, this represents an increase of 7.5%. "data-reactid =" 26 "> Twenty-four hours after storing the shares of the computer security company CrowdStrike took off like a rocket on its first day of trading, just like Fiverr. On the price of its IPO of $ 21 per share, Fiverr rose 90% to close its first day of trading at 39.90 dollars. Investors continue to claim the title tonight. in post-market action, it represents an increase of 7.5%.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It's a little surprising, since the two famous gig IPO economy – Uber& nbsp; and Lyft – did not really set the market on fire. And like these two companies, Fiverr has not been profitable. "Data-reactid =" 27 "> It's a bit surprising, since the two famous public offerings of concert economics – Uber and Lyft – did not really set the market on fire. And like these two companies, Fiverr has not been profitable in terms of results.
On the bright side, Fiverr distinguishes itself from Lyft and Uber by being a broad labor market, in which users can get help with everything from writing, graphic design to translation. In addition, it has a certain scale – according to company figures, the company has negotiated more than 50 million examples of work.
Broadcom guides for disappointment
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Broadcom, a chip maker based on Apple& nbsp; for a significant part of its turnover, released a report on the results after the normal working hours, which does not satisfy investors. "data-reactid =" 30 "> Broadcom, a chip maker that relies on Apple for a large part of his income, released a report of results after hours that did not satisfy investors.
In the second quarter, Broadcom's net revenues were just over $ 5.5 billion, down almost 5% from the same quarter of fiscal 2018. In contrast Adjusted net income rose 4% to just over $ 2.3 billion. share (EPS) of $ 5.21.
This meant mixed results compared to analysts' average estimates. Predictors who follow the company expected a net income of nearly $ 5.7 billion and EPS of $ 5.16.
This shortfall has not been particularly drastic. Instead, the concern seems to be centered on the forecasts for the year 2019 of Broadcom, which have been revised downward. The new forecasts project a turnover of $ 22.5 billion, a considerable decrease from the $ 24.5 billion it had previously estimated, and well below the average of $ 24.3 billion. dollars projected by analysts.
The company said it expects a "general slowdown in demand, which we believe is due to lingering geopolitical uncertainties, as well as the effects of the export restrictions imposed on it. one of our biggest customers ". This client is Huawei, the controversial Chinese technology giant who was at the heart of the recent China-US report. trade dispute.
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The stock of Broadcom has fallen by more than 8% in After all, there's always reason to be optimistic about his prospects – he's still good in the dark, and earlier this week he revealed that he had signed a new contract with the long-time customer Apple on the supply of radio frequency components. This agreement will be in effect for two years and will cover Apple's most iconic products (including iPhones, iPads and Apple watches). & Nbsp; "data-reactid =" 35 "> Broadcom's share is down more than 8% after business hours Yet there is reason to be optimistic about its prospects – it's still in the dark, and he revealed earlier this week that he had signed a new contract with long-time Apple customer for the supply of radio frequency components, forcing for two years and covering Apple's most iconic products (ie iPhones , iPads and Apple watches).
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 36 "> More from The Motley Fool
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Eric Volkman has no position in any of the actions mentioned. The Motley Fool owns shares and recommends Apple. The Motley Fool offers the following options: $ 150 long calls on January 2020 for Apple and $ 155 calls from January 2020 on Apple. The Motley Fool recommends Broadcom Ltd and Uber Technologies. The Motley Fool has a disclosure policy."data-reactid =" 44 ">Eric Volkman has no position in any of the mentioned actions. The Motley Fool owns shares and recommends Apple. The Motley Fool offers the following options: $ 150 long calls on January 2020 for Apple and $ 155 calls from January 2020 on Apple. The Motley Fool recommends Broadcom Ltd and Uber Technologies. Motley Fool has a disclosure policy.
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