The e-commerce services business is introducing innovative new products, increasing its investment in international markets and expanding its shipping services.
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Shopify's launch of its Fulfilment Network in fiscal 2019 could catalyze its financial performance. Its Fulfilment Network offers affordable shipping services to the merchants that use the company's other services through leveraging Shopify's size and scale.
While you're here, how about this:
Shopify's Sweetheart Week Has It Encroaching on Market Stalwarts
After surging annually since its 2015 initial public offering, it has rallied 36% to a market value of almost C$82 billion ($62 billion) in 2020, making it the seventh largest company on the S&P/TSX Composite Index. That puts it about C$8 billion away from usurping Bank of Nova Scotia -- the fifth biggest company. Canadian National Railway Co. -- is No. 6 on the benchmark.
Shopify's value has climbed about C$7.9 billion just this week as fourth-quarter revenue topped analysts' estimates and the provider of online shopping tools gave an optimistic forecast for the year.
Shopify Has a Lot Riding on Its Q4 Earnings: Here Are 3 Things to Watch | The Motley
The company has a lot to prove when it releases its fourth-quarter results before the market open on Wednesday, Feb. 12. Let's take a look at three important areas investors will be watching in the report.
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One of the major catalysts for Shopify's robust stock gains last year was the company's continued, strong top-line growth. This is a testament to the popularity of its platform, which surpassed one million merchants worldwide last quarter. Revenue was up 47% year over year for the first nine months of 2019 -- on top of 59% gains in 2018. It's inevitable that the frenetic pace of growth will inevitably slow, but the gradual deceleration has been impressive by any measure.
Shopify Soars to New Highs and Shows No Signs of Slowing Down - RealMoney
Shopify, Inc. ( SHOP ) gapped higher Wednesday as the Ottawa e-commerce company beat its fourth-quarter earnings expectations and offered positive guidance. We looked at the charts of SHOP on Jan 30 writing that, "Traders could wait for a pullback closer to $450 to go long SHOP risking a close below $425. The $550 area is our price target." Prices did not pull back ahead of earnings so better advice should have been to go long at the market.
This may worth something:
A Cautious Yes on Shopify Shares - Barron's
These reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports are a sampling of analysts' thinking; they should not be considered the views or recommendations of Barron's. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
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Expectations were high heading into Shopify's seasonally strong holiday print, and Shopify did not disappoint—the business is firing on all cylinders.
Why the Earnings Surprise Streak Could Continue for Shopify (SHOP)
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Shopify (SHOP), which belongs to the Zacks Internet - Services industry.
This cloud-based commerce company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 192.42%.
Coinbase Commerce Opens up DAI to Shopify Users | Crypto Briefing
Coinbase’s merchant payment solution company, Coinbase Commerce, has expanded its supported payment methods to include MakerDAO’s stablecoin Dai (DAI).
According to the company’s announcement, merchants around the world using solutions from Coinbase Commerce will now be able to accept Dai as a payment for goods and services.
Coinbase Commerce currently supports a limited number of cryptocurrencies, including Bitcoin, Ether, Litecoin, and Bitcoin Cash. Before integrating Dai, the only other stablecoin supported by the platform was its native token, USD Coin (USDC).
$700 and rising — why investors should stop looking at Shopify stock as a 'tech darling' |
The Financial Post’s Larysa Harapyn talks with reporter James McLeod about Shopify’s earnings report, and about what the company’s revenue growth means.
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