Oil surges as US ends Iran sanction waivers—four experts forecast what’s next

Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. So I think that’s one potential silver lining of higher oil. And so my guess is that economic activity stays where it is [and] oil prices will remain relatively constant. That’s going to couple with what we’ve been seeing in Venezuela, this likely forcing the oil price up [like] we’ve seen this morning. RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, wa


Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent. So I think that’s one potential silver lining of higher oil. And so my guess is that economic activity stays where it is [and] oil prices will remain relatively constant. That’s going to couple with what we’ve been seeing in Venezuela, this likely forcing the oil price up [like] we’ve seen this morning. RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, wa
Oil surges as US ends Iran sanction waivers—four experts forecast what’s next Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lizzy gurdus, eddie seal, bloomberg, getty images, johannes eisele, afp, anna moneymaker, kcna, thomas barwick getty images, source
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Oil surges as US ends Iran sanction waivers—four experts forecast what's next

Things are heating up in the energy market.

The Trump administration announced Monday that it would end exemptions to its sanctions on Iran, a move meant to significantly curb Iran’s oil output. Crude prices surged after the announcement, with the U.S. benchmark, West Texas Intermediate crude, gaining nearly 3 percent.

Here’s what experts say higher oil prices could mean for the broader market:

Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America Merrill Lynch, said a significant uptick in the price of crude would likely be a double-edged sword:

“[Higher] oil is actually good for corporate profits because the S&P [500] is levered to oil, so I think this could be a source of positive earnings surprise[s] for the year where analysts are penciling in super low expectations. So I think that’s one potential silver lining of higher oil. And then … consumers are making more money, so we might not feel that energy pinch until we get to higher levels. But $5 a gallon in California is not a good environment to be in, so we’re getting to a point where this could turn ugly.”

Aperture Investors CEO Peter Kraus didn’t anticipate major changes to the status quo:

“I think the oil prices are going to continue to reflect this sort of restriction in supply. And we’re not going to see a lot of new drilling based on these prices. We’re not going to see more holes being punched into the world to create more oil at these current prices. And so my guess is that economic activity stays where it is [and] oil prices will remain relatively constant. […] People predicted oil was going to go to $100, $120 a barrel, which I don’t see happening.”

Alex Dryden, global market strategist at J.P. Morgan, said macroeconomic global risks could catch up to the oil market itself:

“I think what you’re looking at is incoming restrictions on supply. That’s going to couple with what we’ve been seeing in Venezuela, this likely forcing the oil price up [like] we’ve seen this morning. Now, again, it’s about how sustainable that oil price is. You look at … the futures market. Go three years out — you typically go out that far when you want to take out political risk and look at how much geopolitical risk premium [is] priced into oil. Right now, it’s some of the highest levels since the Arab Spring. That’s not exactly a great backdrop for energy companies to really be able to continue to put that oil number in in a reliable way going forward. So, certainly some question marks over it.”

RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, was fairly bullish on the prospect of higher oil prices for the broader market:


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: lizzy gurdus, eddie seal, bloomberg, getty images, johannes eisele, afp, anna moneymaker, kcna, thomas barwick getty images, source
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Zoom rocketed 72% on first day of trading

Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol “ZM,” surging 80% to $65 and closing out the day up 72% at $62. At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it’s profitable. After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32. Zoom CEO Eric Yuan said of IPO roadshow con


Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol “ZM,” surging 80% to $65 and closing out the day up 72% at $62. At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it’s profitable. After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32. Zoom CEO Eric Yuan said of IPO roadshow con
Zoom rocketed 72% on first day of trading Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jordan novet, source
Keywords: news, cnbc, companies, rocketed, public, day, zoom, weeks, week, range, yuan, price, 32, trading, 72, zm, company


Zoom rocketed 72% on first day of trading

Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol “ZM,” surging 80% to $65 and closing out the day up 72% at $62.

At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it’s profitable.

After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32. Zoom increased the range to between $32 and $35 this week, and on Wednesday it priced above the top of that range, valuing the company at $9.2 billion.

“This was a common question … ‘Why do you focus on profitability?'” Zoom CEO Eric Yuan said of IPO roadshow conversations in an interview with CNBC on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jordan novet, source
Keywords: news, cnbc, companies, rocketed, public, day, zoom, weeks, week, range, yuan, price, 32, trading, 72, zm, company


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Zoom rocketed 72% on first day of trading

Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol “ZM,” surging 80% to $65 and closing out the day up 72% at $62. At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it’s profitable. After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32. Zoom CEO Eric Yuan said of IPO roadshow con


Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol “ZM,” surging 80% to $65 and closing out the day up 72% at $62. At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it’s profitable. After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32. Zoom CEO Eric Yuan said of IPO roadshow con
Zoom rocketed 72% on first day of trading Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jordan novet, source
Keywords: news, cnbc, companies, rocketed, public, day, zoom, weeks, week, range, yuan, price, 32, trading, 72, zm, company


Zoom rocketed 72% on first day of trading

Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol “ZM,” surging 80% to $65 and closing out the day up 72% at $62.

At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: it’s profitable.

After filing to go public on March 22, Zoom estimated two weeks later that it would price shares in the range of $28 to $32. Zoom increased the range to between $32 and $35 this week, and on Wednesday it priced above the top of that range, valuing the company at $9.2 billion.

“This was a common question … ‘Why do you focus on profitability?'” Zoom CEO Eric Yuan said of IPO roadshow conversations in an interview with CNBC on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jordan novet, source
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Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors

Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. Even as Disney is expected to roll out its Disney+ service for $6.99 and Hulu lowered its most basic plan to $5.99, Cramer said Netflix’s price point will still be affordable compared with a night out at the movies. Even if you bundle Netflix, Disney, and other streaming subscriptions, Cramer said the price doesn’


Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. Even as Disney is expected to roll out its Disney+ service for $6.99 and Hulu lowered its most basic plan to $5.99, Cramer said Netflix’s price point will still be affordable compared with a night out at the movies. Even if you bundle Netflix, Disney, and other streaming subscriptions, Cramer said the price doesn’
Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, course, price, netflixs, disney, bargain, triple, netflix, competitors, cramer, cable, content, hang, channels, streaming


Cramer: Netflix's content will be enough to hang with Disney, streaming competitors

Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday.

As the video giant continues to add popular content, such as “Triple Frontier,” “Bird Box,” and “FYRE: The Greatest Party That Never Happened,” to its platform, customers will fear missing out, he said.

“It’s all about peer pressure. That’s why [CEO] Reed Hastings is right when he says: ‘the real metric is can we keep members happy,'” the “Mad Money” host said.

Even as Disney is expected to roll out its Disney+ service for $6.99 and Hulu lowered its most basic plan to $5.99, Cramer said Netflix’s price point will still be affordable compared with a night out at the movies.

Netflix recently upped its subscription options to $8, $14, and $16, and the stock spiked more than 6% on the announcement in January.

Even if you bundle Netflix, Disney, and other streaming subscriptions, Cramer said the price doesn’t even come close to his cable bills that range in the triple digits for a slate of channels he never thinks about watching.

“Netflix is a steal. It’s not just a bargain, it’s what I call a necessary bargain,” Cramer said. “You can’t say that about many cable networks, aside of course from CNBC, which is, of course, essential.”

For sports enthusiasts, ESPN+ is also bargain for just $4.99 a month, he said.

No wonder people are cutting the cord.

“You find a way to give me some sports packages without those 85 channels from 1 to 100 that I don’t use and I’d be a cord cutter, too, after reviewing those borderline extortionate cable bills,” Cramer said.

Disclosure: Cramer’s charitable trust owns shares of Disney, Google-parent Alphabet, Apple, and CNBC-parent Comcast.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, course, price, netflixs, disney, bargain, triple, netflix, competitors, cramer, cable, content, hang, channels, streaming


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Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million. At $36 a share, the company has an enterprise value to sales ratio of 27.5, which among cloud software companie


Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million. At $36 a share, the company has an enterprise value to sales ratio of 27.5, which among cloud software companie
Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: leslie picker, ari levy, courtesy of zoom video communications
Keywords: news, cnbc, companies, price, 92, software, uber, range, valuing, videoconferencing, ipo, company, source, billion, trading, share, zoom, tech, prices


Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion.

Zoom, which is slated to start trading on Thursday on the Nasdaq, had originally given a pricing range of $28 to $32, but investor demand was so high for the profitable, fast-growing company, that the offering ended up well above that mark. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it.

Founded in 2011 by former Webex head engineer Eric Yuan, Zoom has surged in popularity in a crowded market by providing software that works easily across devices and by groups ranging from small teams to large enterprises. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million.

Investors are paying up for growth. At $36 a share, the company has an enterprise value to sales ratio of 27.5, which among cloud software companies, trails only Zscaler’s ratio of 30.7, according to FactSet.

Zoom will be one of the first big tech IPOs of the year and is scheduled to start trading around the same time as social media company Pinterest. Ride-hailing company Lyft was the first 2019 tech IPO to hit the market last month, but the stock has failed to hold up as larger rival Uber prepares to sell shares in the coming weeks. While Lyft is 17 percent below its IPO price, PagerDuty, the only other notable software share sale of the year, is up 67 percent from its offer price last week.

In addition to Uber, investors are also gearing up for the debut of Slack, which is expected to take the unconventional approach of a direct listing instead of an IPO.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: leslie picker, ari levy, courtesy of zoom video communications
Keywords: news, cnbc, companies, price, 92, software, uber, range, valuing, videoconferencing, ipo, company, source, billion, trading, share, zoom, tech, prices


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Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors

Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. Even as Disney is expected to roll out its Disney+ service for $6.99 and Hulu lowered its most basic plan to $5.99, Cramer said Netflix’s price point will still be affordable compared with a night out at the movies. Even if you bundle Netflix, Disney, and other streaming subscriptions, Cramer said the price doesn’


Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday. Even as Disney is expected to roll out its Disney+ service for $6.99 and Hulu lowered its most basic plan to $5.99, Cramer said Netflix’s price point will still be affordable compared with a night out at the movies. Even if you bundle Netflix, Disney, and other streaming subscriptions, Cramer said the price doesn’
Cramer: Netflix’s content will be enough to hang with Disney, streaming competitors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
Keywords: news, cnbc, companies, course, price, netflixs, disney, bargain, triple, netflix, competitors, cramer, cable, content, hang, channels, streaming


Cramer: Netflix's content will be enough to hang with Disney, streaming competitors

Netflix can peacefully coexist in the streaming industry even as the market braces for more competition from Walt Disney, Google’s YouTube, and Apple, CNBC’s Jim Cramer said Wednesday.

As the video giant continues to add popular content, such as “Triple Frontier,” “Bird Box,” and “FYRE: The Greatest Party That Never Happened,” to its platform, customers will fear missing out, he said.

“It’s all about peer pressure. That’s why [CEO] Reed Hastings is right when he says: ‘the real metric is can we keep members happy,'” the “Mad Money” host said.

Even as Disney is expected to roll out its Disney+ service for $6.99 and Hulu lowered its most basic plan to $5.99, Cramer said Netflix’s price point will still be affordable compared with a night out at the movies.

Netflix recently upped its subscription options to $8, $14, and $16, and the stock spiked more than 6% on the announcement in January.

Even if you bundle Netflix, Disney, and other streaming subscriptions, Cramer said the price doesn’t even come close to his cable bills that range in the triple digits for a slate of channels he never thinks about watching.

“Netflix is a steal. It’s not just a bargain, it’s what I call a necessary bargain,” Cramer said. “You can’t say that about many cable networks, aside of course from CNBC, which is, of course, essential.”

For sports enthusiasts, ESPN+ is also bargain for just $4.99 a month, he said.

No wonder people are cutting the cord.

“You find a way to give me some sports packages without those 85 channels from 1 to 100 that I don’t use and I’d be a cord cutter, too, after reviewing those borderline extortionate cable bills,” Cramer said.

Disclosure: Cramer’s charitable trust owns shares of Disney, Google-parent Alphabet, Apple, and CNBC-parent Comcast.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: tyler clifford
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Netflix not concerned about lower prices, except in one huge market

If there’s a market where Netflix is concerned about plan pricing as Disney begins its big push into the video streaming market, it’s not the U.S. The struggle to get the Indian market right is not a new issue for Netflix, but it is one the company’s management team openly addressed on its Tuesday earnings call. Netflix is still one of the most expensive video streaming options in India. The Netflix Indian subscriber based has estimated by industry sources at 1 million, though the company has sa


If there’s a market where Netflix is concerned about plan pricing as Disney begins its big push into the video streaming market, it’s not the U.S. The struggle to get the Indian market right is not a new issue for Netflix, but it is one the company’s management team openly addressed on its Tuesday earnings call. Netflix is still one of the most expensive video streaming options in India. The Netflix Indian subscriber based has estimated by industry sources at 1 million, though the company has sa
Netflix not concerned about lower prices, except in one huge market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, price, streaming, lower, netflix, huge, market, earnings, company, india, concerned, video, indian, million, prices


Netflix not concerned about lower prices, except in one huge market

If there’s a market where Netflix is concerned about plan pricing as Disney begins its big push into the video streaming market, it’s not the U.S. It’s India.

Netflix has raised its prices on plans in the U.S. and recently announced intentions to do the same in Brazil, Mexico and some countries in Europe, but it is struggling to lower its price tier in India as it looks to add more subscribers in a country that has more than 460 million internet users.

The struggle to get the Indian market right is not a new issue for Netflix, but it is one the company’s management team openly addressed on its Tuesday earnings call.

“We’re quite certain that we should do something to find a price tier that’s lower than the existing lowest price tier to broaden that accessibility,” said Netflix’s Chief Product Officer Greg Peters on the company’s Q1 earnings call. “We think that they’ll be important to adding members in India.”

Netflix is still one of the most expensive video streaming options in India. According to a recent Reuters report, the three Netflix monthly plans in India range from 500 rupees ($7.20) to 800 rupees ($11.50), significantly above the price points of Amazon Prime Video’s plan ($14 a year) and roughly twice as much as Hotstar, the country’s largest video streaming service, owned by Disney.

The Netflix Indian subscriber based has estimated by industry sources at 1 million, though the company has said it is aiming for 100 million subscribers in India.

In March, Netflix began offering a mobile-only test plan at roughly $3.60, based on current exchange rates. During the earnings call, Peters acknowledged that the plan is something the company is trying out, but isn’t “positive that’s the right model.”

Now upcoming streaming services could threaten to take a larger share of the market, like Disney and Apple. Netflix officials said on the earnings call that the increasing competition in the U.S. isn’t something the company can worry about too much.

Among the comments from Netflix CEO Reed Hastings on the earnings call:

“We can’t get obsessed about any one company.”

“It’s a mix of yes it’s competition, that hurts, but on the other hand it gets internet viewing more popular with everyone.”

“There is a lot of new and strengthening competition with Disney entering the market, HBO getting additional funding. … It is what it is; we’re not going to be able to change it.”

“There’s a ton of competition out there, and Disney and Apple add a little bit more, but frankly, I doubt it will be material because, again, there’s already so many competitors for entertainment time.”

Last year Netflix Chief Content Officer Ted Sarandostold CNBC that Asia’s young and increasingly digital population presents an “incredible opportunity” to ramp up the company’s international subscribers. The company hopes to add 100 million subscribers in India alone, which has proved its desire for video streaming by turning en masse to YouTube and other similar video services, Sarandos said.

A report by global management consulting firm Boston Consulting Group predicted the over-the-top, or OTT, market in India will grow to $5 billion in 2023, although last year it was estimated to be $500 million. Kanchan Samtani, a partner and managing director at BCG, noted the country has a price sensitive market and it’s challenging to break through the clutter.

Netflix has continued to push original content in India, and Sarandos said it was “super encouraged,” with Netflix India originals like “Sacred Games,” “Delhi Crime” and “Love Per Square Foot,” which have gained a lot of viewers in the country. On Monday, the company announced it would be adding 10 more original films to its roster that will be produced by Indian companies, and plans to release 15 total by the end of 2020.

International markets have spearheaded Netflix’s growth as it begins to slow down in domestic markets. The company beat estimates by adding 7.86 million international paid subscriber additions compared to the 1.74 million domestic additions. It has focused on localizing its content and moving away from dubbing.

The company has continued to spend on original content and has investors concerned over its free cash flow. The company reported a negative $380 million net cash flow, $93 million more than the same period last year, and the company expects its 2019 free cash flow deficit to be greater than the negative $3 billion previously expected.

“As we sort of have that ongoing content investment and we’re really providing stories that Indian consumers really love, it’s an opportunity for us to look at how we broaden the accessibility of the service then to more and more Indian consumers,” Peters said.

Shares of Netflix fell about 1% after reporting its first-quarter earnings after the bell Tuesday and teetered between positive and negative territory Wednesday morning. The company’s Q1 revenue, earnings and subscriber numbers beat Wall Street expectations.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: noah higgins-dunn
Keywords: news, cnbc, companies, price, streaming, lower, netflix, huge, market, earnings, company, india, concerned, video, indian, million, prices


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Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million. At $36 a share, the company has an enterprise value to sales ratio of 27.5, which among cloud software companie


Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million. At $36 a share, the company has an enterprise value to sales ratio of 27.5, which among cloud software companie
Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: leslie picker, ari levy, courtesy of zoom video communications
Keywords: news, cnbc, companies, price, 92, software, uber, range, valuing, videoconferencing, ipo, company, source, billion, trading, share, zoom, tech, prices


Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion.

Zoom, which is slated to start trading on Thursday on the Nasdaq, had originally given a pricing range of $28 to $32, but investor demand was so high for the profitable, fast-growing company, that the offering ended up well above that mark. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it.

Founded in 2011 by former Webex head engineer Eric Yuan, Zoom has surged in popularity in a crowded market by providing software that works easily across devices and by groups ranging from small teams to large enterprises. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million.

Investors are paying up for growth. At $36 a share, the company has an enterprise value to sales ratio of 27.5, which among cloud software companies, trails only Zscaler’s ratio of 30.7, according to FactSet.

Zoom will be one of the first big tech IPOs of the year and is scheduled to start trading around the same time as social media company Pinterest. Ride-hailing company Lyft was the first 2019 tech IPO to hit the market last month, but the stock has failed to hold up as larger rival Uber prepares to sell shares in the coming weeks. While Lyft is 17 percent below its IPO price, PagerDuty, the only other notable software share sale of the year, is up 67 percent from its offer price last week.

In addition to Uber, investors are also gearing up for the debut of Slack, which is expected to take the unconventional approach of a direct listing instead of an IPO.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: leslie picker, ari levy, courtesy of zoom video communications
Keywords: news, cnbc, companies, price, 92, software, uber, range, valuing, videoconferencing, ipo, company, source, billion, trading, share, zoom, tech, prices


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Valuation expert says Uber is worth a little more than half the $100 billion it’s seeking

Uber’s real value could be much lower than the price where its public debut is set, according to one expert. The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. That translate into a share price of $54, although the total share count right now is “hazy” and that could change when the company updates its prospectus. The second rider-based valuation gives Uber a valuation of $58.6 billion for Uber’s equity, which, depe


Uber’s real value could be much lower than the price where its public debut is set, according to one expert. The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. That translate into a share price of $54, although the total share count right now is “hazy” and that could change when the company updates its prospectus. The second rider-based valuation gives Uber a valuation of $58.6 billion for Uber’s equity, which, depe
Valuation expert says Uber is worth a little more than half the $100 billion it’s seeking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kate rooney, jaden urbi
Keywords: news, cnbc, companies, expert, seeking, value, ubers, total, billion, little, valuation, share, market, half, worth, price, 100, translates, uber


Valuation expert says Uber is worth a little more than half the $100 billion it's seeking

Uber’s real value could be much lower than the price where its public debut is set, according to one expert.

The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. But NYU Stern professor Aswath Damodaran arrived at his own valuation that’s roughly 40 percent lower.

Damodaran, a closely followed valuation expert, used two frameworks to come up with two lower price tags.

The first is known as a “top-down” valuation, a conventional way to value companies based on the total addressable market, market share, margins and reinvestment to come up with a value. The other uses a framework based on the amount of users on a platform, or in this case, riders.

His first version gives Uber a value for equity of about $61.7 billion. That translate into a share price of $54, although the total share count right now is “hazy” and that could change when the company updates its prospectus. The second rider-based valuation gives Uber a valuation of $58.6 billion for Uber’s equity, which, depending on the share count, translates to a share price of $51 per share, according to Damodaran.

Both estimates are well below the expected $100 billion, which translates into a roughly $95 per share, that Uber is reportedly seeking.

“The market is a pricing game and not a value game,” Damodaran told CNBC in a phone interview. “When you have young companies like these it’s all mood and momentum driving prices.”


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kate rooney, jaden urbi
Keywords: news, cnbc, companies, expert, seeking, value, ubers, total, billion, little, valuation, share, market, half, worth, price, 100, translates, uber


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Valuation expert says Uber is worth a little more than half the $100 billion it’s seeking

Uber’s real value could be much lower than the price where its public debut is set, according to one expert. The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. That translate into a share price of $54, although the total share count right now is “hazy” and that could change when the company updates its prospectus. The second rider-based valuation gives Uber a valuation of $58.6 billion for Uber’s equity, which, depe


Uber’s real value could be much lower than the price where its public debut is set, according to one expert. The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. That translate into a share price of $54, although the total share count right now is “hazy” and that could change when the company updates its prospectus. The second rider-based valuation gives Uber a valuation of $58.6 billion for Uber’s equity, which, depe
Valuation expert says Uber is worth a little more than half the $100 billion it’s seeking Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kate rooney, jaden urbi
Keywords: news, cnbc, companies, expert, seeking, value, ubers, total, billion, little, valuation, share, market, half, worth, price, 100, translates, uber


Valuation expert says Uber is worth a little more than half the $100 billion it's seeking

Uber’s real value could be much lower than the price where its public debut is set, according to one expert.

The ride-hailing start-up is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring. But NYU Stern professor Aswath Damodaran arrived at his own valuation that’s roughly 40 percent lower.

Damodaran, a closely followed valuation expert, used two frameworks to come up with two lower price tags.

The first is known as a “top-down” valuation, a conventional way to value companies based on the total addressable market, market share, margins and reinvestment to come up with a value. The other uses a framework based on the amount of users on a platform, or in this case, riders.

His first version gives Uber a value for equity of about $61.7 billion. That translate into a share price of $54, although the total share count right now is “hazy” and that could change when the company updates its prospectus. The second rider-based valuation gives Uber a valuation of $58.6 billion for Uber’s equity, which, depending on the share count, translates to a share price of $51 per share, according to Damodaran.

Both estimates are well below the expected $100 billion, which translates into a roughly $95 per share, that Uber is reportedly seeking.

“The market is a pricing game and not a value game,” Damodaran told CNBC in a phone interview. “When you have young companies like these it’s all mood and momentum driving prices.”


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: kate rooney, jaden urbi
Keywords: news, cnbc, companies, expert, seeking, value, ubers, total, billion, little, valuation, share, market, half, worth, price, 100, translates, uber


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