Overstock Reported an Earnings Beat and Zendesk Announced an Acquisition 💰

Overstock Reported an Earnings Beat and Zendesk Announced an Acquisition

Overstock

Overstock is an online retailer located in Salt Lake City, Utah. They offer things like home improvement products through their online website, and they have a market cap of $4 billion, a lot coming from their crazy COVID recovery.

On Thursday, Overstock reported their third quarter earnings. Earnings per share sat at 63 cents, which rocked analyst expectations of 47 cents, and sales did dip from last year, but that’s because online retail was at its peak back then. One important data piece was their active customer count, which increased by 5%, showing that consumers are still sticking to the company. As a result, Overstock rose to $93.00, up 20.53%.

Zendesk

Zendesk is a technology company that works in the software industry, being a software-as-a-service (SaaS) business globally. The San Francisco-based company has a market cap of $14.284 billion, making it a large-cap.

Zendesk announced their third quarter earnings on Thursday, and it wasn’t the greatest. Earnings per share met expectations with 17 cents per share, and sales of $347 million matched the analyst expectations too. They also announced the acquisition of Momentive Global, a move that was pressured by activist investors, which hampered the earnings as investors weren’t too confident in the deal. This confidence was shown in their stock price as it fell 15.98% after hours to $99.99.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Taiwan’s Tango 🕺

Taiwan depends more on China for trade than it does on the U.S, China still holds major influence on the state of the Taiwanese econom

Permit 🚘

Self-driving cars have moved from a mere fictional and playful speculation to a reality.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

button_spotify.png
button_apple-1.png
button_google

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying, holding or investing in digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC.

The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.