The core conundrum for Shopify investors is simply this: the business is hot, but the stock is even hotter.
The e-commerce software company is due to report June quarter financial results on July 29 , and expectations are high. Street consensus is for revenues of $505 million—up 40% from a year ago - with a loss of two cents a share. Shopify's (ticker: SHOP) first quarter sales were up 47%, well ahead of Street estimates, but the company declined to provide June quarter guidance due to the uncertainty associated with the Covid-19 pandemic and the global economic downturn.
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Kiwibot delivery robots head to San Jose with new partners Shopify and Ordermark –
About 25 Kiwibots will today begin delivering food and goods to customers in downtown San Jose and Buena Vista, a predominantly Latino neighborhood located southwest of the city center. Kiwibot will charge $3.99 per delivery, a fee that restaurants and other businesses can choose to absorb or pass on to consumers.
The launch in San Jose isn’t just about a geographic expansion. The announcement also marks the public launch of Kiwibot’s new B2B strategy.
Why Groupon Stock Dropped, but Shopify and Stamps.com Popped Today | The Motley
The rises in both Shopify stock and in Stamps.com shares can be traced directly back to just one event: A tweet from Citron Research this morning in which the noted short-seller took a turn for the optimistic, predicting a buyout of Stamps.com by Shopify.
It should be noted that Citron gives no source for its belief that Shopify will buy Stamps.com -- just the observation that the two businesses appear well suited to go together, while the two stocks are very far apart in valuation. And they are. Shopify currently sells for 10,000 times forward earnings, while Stamps.com costs 31 times forward earnings. Price-to-sales valuations are similarly widely disparate -- 64 times sales for Shopify versus 6.6 times sales for Stamps.com.
Shopify partners Canadian government for 'Go Digital Canada' campaign -
Shopify is also working with its partners and experts to help get Canadian small businesses online fast. This is part of the Go Digital Canada initiative. For example, Digital Main Street will ensure all qualifying independent businesses are referred to the 'ShopHERE powered by Google' programme. It ensures they don't miss out on an opportunity to have an online store built and launched on Shopify at no-cost.
" As Canadians, we are resilient. Finding solutions where others just see a challenge ," said Mary Ng, Minister of Small Business, Export Promotion and International Trade.
Not to change the topic here:
Hotter Than Shopify (TSX:SHOP), This Underrated TSX Tech Stock Has Room to Soar!
The Shopify story is nothing short of remarkable. And although many value-conscious investors will continue to question the lofty valuation (shares currently trade at 63 times sales), shares of the e-commerce kingpin will probably continue climbing higher, as management continues raising the bar, justifying its swelling pie-in-the-sky multiple.
With Shopify now sporting a $160 billion market cap, though, shares may not have as much room to run compared to the likes of many lesser-known up-and-coming tech firms that have harnessed the power of the cloud.
Yield Growth Launches Shopify Online Store to Bolster Direct to Consumer Sales
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2020) - The Yield Growth Corp. ( CSE: BOSS ) ( OTCQB: BOSQF ) ( FSE: YG3 ) ("Yield Growth" or the "Company") is pleased to announce the launch of its new e-commerce website for subsidiary brand, Urban Juve , powered by leading ecommerce platform, Shopify.
Yield Growth Launches Shopify Online Store to Bolster Direct to Consumer Sales
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Kiwibot launches delivery robots in San Jose via partnership
Pioneering in deliveries with these types of vehicles comes with a unique set of challenges. As result, the human component cannot be subtracted from the equation just yet.
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For example, in many cities in Latin America pavements can be very uneven. Consequently, that can lead to making the navigation process more complex.
Kentucky Small Business Development Center Partners With Shopify to Provide E-commerce Resources
LEXINGTON, Ky. (July 17, 2020) — The Kentucky Small Business Development Center announced an e-commerce initiative with the support of the leading global e-commerce platform, Shopify, in an effort to assist in the online presence of Kentucky small businesses. Entrepreneurs and business owners can expect a series of free webinars, tools, training and tutorials that will present great potential for online success — a necessity during the COVID-19 pandemic and beyond.
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