Ultime notizie per AppFolio (NASDAQ:APPF) Azioni

AppFolio

AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.

AppFolio Inc

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Reedy & Company Signs Five-year Contract And Is Fully Integrated With AppFolio's Suite Of Products To Support Its Entire Portfolio

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MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

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Shares of software companies are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

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AppFolio Unveils Realm-X AI Capabilities, FolioSpace Preview, And New Property Management Solutions At FUTURE 2024

<p>U.S. stocks were mixed, with the Nasdaq Composite gaining around 100 points on Friday.</p>
<p>Shares of <strong>Booz Allen Hamilton Holding Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) rose sharply during Friday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/10/41543105/government-and-military-contractor-booz-allen-clocks-strong-q2-performance-backlog-expands-to-41-3b">quarterly EPS and sales.</a></p>
<p>Booz Allen Hamilton reported fiscal second-quarter adjusted EPS of $1.81, topping the analyst consensus estimate of $1.49. Quarterly sales of $3.15 billion, up 18% year-on-year, beat the street view of $2.97 billion. The backlog grew by 17.7%, reaching $41.3 billion, while the quarterly book-to-bill ratio stood at 2.61x.</p>
<p>Booz Allen Hamilton shares jumped 10% to $183.21 on Friday.</p>
<p>Here are some other big stocks recording gains in today's session.</p>
<ul>
<li><strong>ImmunityBio, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) shares jumped 49.6% to $6.30. ImmunityBio recently announced it dosed its first patients in its Phase 1 clinical study of CAR-NK cell therapy for relapsed B-Cell Non-Hodgkin Lymphoma.</li>
<li><strong>Fitell Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 32.4% to $29.50.</li>
<li><strong>Newell Brands Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) climbed 22.8% to $8.81 after the company reported third-quarter financial results and raised its 2024 guidance.</li>
<li><strong>ZEEKR Intelligent Technology Holding Limited</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NASDAQ">ZK</a>) gained 21.5% to $28.08.</li>
<li><strong>Tapestry, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) gained 13.3% to $50.37 following a report alleging that a judge blocked the company&#8217;s proposed acquisition of Capri. The company issued a statement on the ruling saying it intends to appeal the decision.</li>
<li><strong>Sangamo Therapeutics, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) rose 11.7% to $1.6650.</li>
<li><strong>Trump Media &amp; Technology Group Corp</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 11.2% to $38.85.</li>
<li><strong>AppFolio, In</strong>c. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) gained 10.4% to $211.98 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue guidance. Also, Piper Sandler maintained an Overweight rating on the stock.</li>
<li>D<strong>eckers Outdoor Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) rose 10.2% to $167.53 after the company reported better-than-expected second-quarter financial results.</li>
<li><strong>Digital Realty Trust, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) gained 10.2% to $182.01 after the company reported better-than-expected third-quarter FFO results and raised its FY24 FFO guidance.</li>
<li><strong>Saia, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) gained 9.2% to $452.58 following strong quarterly sales.</li>
<li><strong>Boyd Gaming Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) surged 6.7% to $68.60 after the company reported better-than-expected quarterly financial results.</li>
</ul>
<p><strong>Now Read This: </strong></p>
<p><strong><a href="https://www.benzinga.com/news/24/10/41545983/this-ppl-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-friday">This PPL Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday</a></strong></p>


Intraday Update

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Booz Allen Posts Upbeat Q3 Earnings, Joins Deckers Outdoor, Saia, Boyd Gaming And Other Big Stocks Moving Higher On Friday

<p>Keybanc  analyst Jason Celino   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and lowers the price target from $300 to $252.</p>


Price Target

Analyst Ratings

Keybanc Maintains Overweight on AppFolio, Lowers Price Target to $252

AppFolio shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 revenue guidance. Also, Piper Sandler maintained an Overweight rating on the stock.

<p>Piper Sandler  analyst Brent Bracelin   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and lowers the price target from $300 to $265.</p>


Piper Sandler Maintains Overweight on AppFolio, Lowers Price Target to $265

Management

AppFolio CFO Fay Sien Goon To Depart On October 25, 2024; Company Appoints Tim Eaton As Interim CFO And Begins Search For Permanent Successor

<p>AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) raises FY2024 sales outlook from $772.00 million-778.00 million to $786.00 million-790.00 million.</p>


Guidance

AppFolio Raises FY2024 Sales Guidance from $772.00M-778.00M to $786.00M-790.00M (Est $778.840M)

<p>AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $1.03 by 25.24 percent. This is a 118.64 percent increase over earnings of $0.59 per share from the same period last year.  The company reported quarterly sales of $205.733 million which beat the analyst consensus estimate of $199.103 million by 3.33 percent.  This is a 24.36 percent increase over sales of $165.440 million the same period last year.</p>


Earnings

Earnings Beats

AppFolio Q3 2024 Adj. EPS $1.29 Beats $1.03 Estimate, Sales $205.733M Beat $199.103M Estimate

<p>AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-24. Here's a brief overview of what investors should keep in mind before the announcement.</p>
<p>Analysts expect AppFolio to report an <strong>earnings per share</strong> (EPS) of $1.03.</p>
<p>AppFolio bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Earnings History Snapshot</h3>
<p>During the last quarter, the company reported an EPS beat by $0.16, leading to a 10.85% drop in the share price on the subsequent day.</p>
<p>Here's a look at AppFolio's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.96</td>
<td>0.89</td>
<td>0.72</td>
<td>0.41</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>1.12</td>
<td>1.05</td>
<td>0.88</td>
<td>0.59</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-11.0%</td>
<td>12.0%</td>
<td>28.000000000000004%</td>
<td>6.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1729717311_0.png" alt="eps graph" /></p>
<h3>Performance of AppFolio Shares</h3>
<p>Shares of AppFolio were trading at $198.43 as of October 22. Over the last 52-week period, shares are up 10.61%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. </p>
<h3>Analyst Observations about AppFolio</h3>
<p>Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on AppFolio.</p>
<p>The consensus rating for AppFolio is Outperform, derived from 3 analyst ratings. An average one-year price target of $300.0 implies a potential 51.19% upside.</p>
<h3>Comparing Ratings with Peers</h3>
<p>The analysis below examines the analyst ratings and average 1-year price targets of Confluent, CCC Intelligent Solutions and SPS Commerce, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.</p>
<ul>
<li>Confluent received a Buy consensus from analysts, with an average 1-year price target of $29.87, implying a potential 84.95% downside.</li>
<li>CCC Intelligent Solutions is maintaining an Buy status according to analysts, with an average 1-year price target of $14.0, indicating a potential 92.94% downside.</li>
<li>As per analysts' assessments, SPS Commerce is favoring an Buy trajectory, with an average 1-year price target of $221.43, suggesting a potential 11.59% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
<p>In the peer analysis summary, key metrics for Confluent, CCC Intelligent Solutions and SPS Commerce are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.</p>
<p>
<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>AppFolio</td>
<td>Outperform</td>
<td>34.20%</td>
<td>$127.77M</td>
<td>8.35%</td>
</tr>
<tr>
<td>Confluent</td>
<td>Buy</td>
<td>24.14%</td>
<td>$170.00M</td>
<td>-10.46%</td>
</tr>
<tr>
<td>CCC Intelligent Solutions</td>
<td>Buy</td>
<td>9.88%</td>
<td>$177.30M</td>
<td>1.10%</td>
</tr>
<tr>
<td>SPS Commerce</td>
<td>Buy</td>
<td>17.77%</td>
<td>$101.58M</td>
<td>2.60%</td>
</tr>
</tbody>
</table>
</p>
<p>Key Takeaway:</p>
<p>AppFolio ranks highest in Revenue Growth among its peers. It also leads in Gross Profit margin. However, it has the lowest Return on Equity. Overall, AppFolio is positioned at the top in terms of Revenue Growth and Gross Profit, but at the bottom in Return on Equity compared to its peers.</p>
<h3>Discovering AppFolio: A Closer Look</h3>
<p>AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.</p>
<h3>AppFolio's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> AppFolio's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately <strong>34.2%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> AppFolio's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>15.03%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> AppFolio's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>8.35%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>6.46%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.12</strong>, AppFolio adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<p><a href="https://www.benzinga.com/quote/APPF/earnings"><strong>To track all earnings releases for AppFolio visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Preview: AppFolio's Earnings

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Shares of software companies are trading lower. The sector may be falling amid sympathy for overall market weakness after ASML and UnitedHealth Group reported Q3 results.

<p><strong>Cloudflare, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) shares gained more than 10% during Thursday&#39;s extended trading session after the company reported better-than-expected second-quarter results and raised guidance for full-year 2024. The connectivity cloud services provider&#39;s second-quarter revenues and earnings marked significant year-over-year improvement as well.</p>
<p>Cloudflare reported non-GAAP earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 14 cents. The bottom line also witnessed a robust surge of 100% from the year-ago quarter&#39;s level of 10 cents.</p>
<p>NET&#39;s second-quarter revenues of $401 million outpaced the consensus estimate of $394 million. The top line grew 30% from the year-ago reported figure of $308.5 million.</p>
<p>The robust top-line growth was aided by client wins and growing momentum among large enterprise customers, driven by the heightened need for stronger security and a zero-trust approach.</p>
<div class="chart_embed">
<h3>Cloudflare, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Cloudflare, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e1/1722593753.png" style="height:281px; width:610px" title="" /></h3>
<p>Cloudflare, Inc. price-consensus-eps-surprise-chart | Cloudflare, Inc. Quote</p>
</div>
<h3>Key Metrics</h3>
<p>The company&#39;s strong performance reflects its sustained focus on product innovation, a shift in its business model to subscription-based services, product development and continued investments in infrastructure expansion.</p>
<p>Region-wise, the United States accounted for 51% of NET&#39;s total revenues, while revenues from outside the United States made up the remaining 49%.</p>
<p>Cloudflare continued to win multiple customers in the first quarter. Its net dollar-based retention rate was 112%.</p>
<p>The company had 210,200 paying customers during the first quarter. The figure, which is the highest so far, rose 21% year over year.</p>
<p>NET added 168 new customers who contributed more than $100,000 in annual revenues. The total count of such customers reached 3,050 at the end of the quarter.</p>
<h3>Operating Details</h3>
<p>Cloudflare&#39;s non-GAAP gross profit increased 32% year over year to $316.6 million. The non-GAAP gross margin expanded 130 basis points (bps) year over year to 79%.</p>
<p>Non-GAAP operating expenses climbed 18.4% year over year to $259.7 million. As a percentage of revenues, non-GAAP operating expenses declined to 64.7% from the year-ago quarter&#39;s 71.1%.</p>
<p>Non-GAAP operating income for the quarter jumped to $57 million from $20.3 million in the year-ago quarter. Consequently, the non-GAAP operating margin expanded 760 bps year over year to 14.2%.</p>
<h3>Balance Sheet &amp; Cash Flow</h3>
<p>As of Jun 30, 2024, Cloudflare had cash, cash equivalents and available-for-sale securities of $1.76 billion, up from $1.71 billion as of Mar 31, 2024.</p>
<p>NET generated an operating cash flow of $74.8 million and a free cash flow of $38.3 million. As of Jun 30, 2024, the company had long-term operating lease liabilities of $112.5 million.</p>
<h3>FY24 Guidance Raised</h3>
<p>Buoyed by stronger-than-expected second-quarter performance, Cloudflare raised its guidance for full-year 2024. It now anticipates revenues in the range of $1.657-$1.659 billion, up from the previous guidance of $1.648-$1.652 billion. The Zacks Consensus Estimate for 2024 revenues is pegged at $1.65 billion, indicating year-over-year growth of 27.3%.</p>
<p>Cloudflare now expects non-GAAP income from operations in the range of $196-$198 million compared with the previous guidance range of $160-$164 million. It has also revised its non-GAAP net income per share guidance to 70-71 cents from the previous projection of 60-61 cents. The consensus mark for earnings is currently pegged at 62 cents per share, indicating an increase of 26.5% from 2023 earnings of 49 cents.</p>
<p>Additionally, Cloudflare initiated guidance for the third quarter. For the third quarter, the company expects its revenues to be in the range of $423-$424 million. It expects non-GAAP income from operations in the band of $50-$51 million and non-GAAP net income per share of 18 cents. The Zacks Consensus Estimate for third-quarter revenues and earnings currently stands at $423.6 million and 15 cents per share, respectively.</p>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
<p>Cloudflare currently carries a Zacks Rank #3 (Hold). Shares of NET have declined 10.6% year to date (YTD).</p>
<p>Some better-ranked stocks worth considering in the broader technology sector are <strong>Twilio</strong>, <strong>PayPal</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) and <strong>AppFolio</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>). Currently, Twilio and PayPal each sport a Zacks Rank #1 (Strong Buy), while AppFolio carries a Zacks Rank #2 (Buy).</p>
<p>The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, which indicates a 27.4% increase from 2023. The stock has plunged 25.8% YTD.</p>
<p>The Zacks Consensus Estimate for PayPal&#39;s 2024 earnings has been revised upward by 12 cents to $4.28 per share in the past seven days, which suggests a year-over-year decline of 16.1%. The stock has risen 6.4% YTD.</p>
<p>The Zacks Consensus Estimate for AppFolio&#39;s 2024 earnings has been revised upward by 16 cents to $4.14 per share in the past seven days, which implies an increase of 142.1% on a year-over-year basis. Shares of APPF have jumped 24.5% YTD.</p>
<p><a href="https://www.zacks.com/stock/news/2314995/cloudflare-net-soars-10-on-q2-earnings-beat-raised-guidance?cid=CS-BENZ-FT-analyst_blog|earnings_article-2314995">To read this article on Zacks.com click here.</a></p>


Tech

PYPL

Cloudflare Soars 10% on Q2 Earnings Beat, Raised Guidance

<p><strong>Sabre Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sabr#NASDAQ">SABR</a>) shares were trading approximately 7% higher today after the travel technology solution provider reported better-than-expected second-quarter results and raised guidance for full-year 2024.</p>
<p>Sabre reported an adjusted loss of 5 cents per share, narrower than the Zacks Consensus Estimate of a loss of 8 cents per share. Moreover, the figure was narrower than the year-ago quarter&#39;s loss of 17 cents per share. The year-over-year improvement in the bottom line reflects the benefits of increased revenues and cost-improvement implementations that lowered the company&#39;s technology and SG&amp;A expenses, partially offset by higher interest expenses.</p>
<p>Sabre reported revenues of $767.2 million, which surpassed the consensus mark of $750.1 million.&nbsp; The top line was 4% higher than $737.5 million in the year-ago period.</p>
<p>This year-over-year surge in the top line reflects a significant improvement in global air, hotel and other travel bookings. Additionally, the company&#39;s Travel Solutions division benefited from favorable rates as international and corporate bookings continued to improve. The company also registered a higher average booking fee and improved its cost structures.</p>
<div class="chart_embed">
<h3>Sabre Corporation Price, Consensus and EPS Surprise</h3>
<h3><img alt="Sabre Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/79/1722520797.png" style="height:282px; width:610px" title="" /></h3>
<p>Sabre Corporation price-consensus-eps-surprise-chart | Sabre Corporation Quote</p>
</div>
<h3>Quarter in Detail</h3>
<p>The Travel Solutions segment&#39;s revenues increased 4% year over year to $695 million. The growth in this segment was led by a rise in global hotel and other travel bookings. The segment also benefited from favorable rates from the travel supplier mix. Our model estimates for Travel Solutions revenues were pegged at $676.4 million, which indicated 0.8% year-over-year growth.</p>
<p>Distribution&#39;s (a sub-division of Travel Solutions) revenues improved 4% to $551 million. The distribution segment registered growth in the number of bookings and benefited from a favorable shift in the booking mix and higher average booking fees. Our model estimates for Distribution revenues were pegged at $532.6 million, which indicated 0.4% year-over-year growth.</p>
<p>IT Solutions&#39; (a sub-division of Travel Solutions) revenues were $144 million, up 3% year over year. The increase in performance was driven by a rise in other revenues and 5% growth in passengers boarded from existing partners, partially offset by a 7% decline in passengers boarded due to previously announced de-migrations. Our model estimates for IT Solutions&#39; revenues were pegged at $143.8 million, which indicated a 2.5% year-over-year decline.</p>
<p>The Hospitality Solutions segment&#39;s revenues were $83 million compared with the year-ago quarter&#39;s $77 million. This segment experienced a rise in central reservation system transactions caused by new customer inflow and a favorable mix within the customer base. Our model estimates for Hospitality Solutions revenues were pegged at $85.9 million, which implied 12.1% year-over-year growth.</p>
<p>Sabre reported an adjusted operating income of $107 million, significantly improving from the operating income of $46 million posted in the year-earlier period. Adjusted EBITDA improved from $73 million reported a year ago to $129 million.</p>
<h3>Balance Sheet and Cash Flow</h3>
<p>Sabre exited the June-end quarter with cash, cash equivalents and restricted cash of $633.7 million compared with the previous quarter&#39;s $650.2 million.</p>
<p>During the first quarter, it generated operating cash flow and free cash flow of $28 million and $8 million, respectively. In the first half of 2024, Sabre utilized cash of $40 million in operating activities and had a negative free cash flow of $88 million.</p>
<h3>Revised Financial Outlook</h3>
<p>Buoyed by better-than-expected second-quarter results, Sabre raised its guidance for full-year 2024. For the year, it now projects revenues of $3.05 billion, up from the previous guidance of $3.04 billion. The Zacks Consensus Estimate for 2024 revenues is pegged at $3.04 billion.</p>
<p>Adjusted EBITDA is now forecasted to be $525 million for full-year 2024 instead of the earlier projection of $520 million. Moreover, it continues to expect to generate positive free cash flow for the full year.</p>
<p>Additionally, Sabre initiated guidance for the third and fourth quarters. For the third quarter, the company anticipates revenues of approximately $775 million, which is higher than the Zacks Consensus Estimate of $770.8 million. It anticipates adjusted EBITDA of $135 million and also expects to have a positive free cash flow.</p>
<p>For the fourth quarter, SABR anticipates revenues of approximately $725 million. It anticipates adjusted EBITDA of $120 million and also expects to have a positive free cash flow.</p>
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
<p>Sabre currently carries a Zacks Rank #2 (Buy). Shares of SABR have plunged 22% year to date (YTD).</p>
<p>Some other top-ranked stocks worth considering in the broader technology sector are <strong>Twilio</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>), <strong>NVIDIA</strong>&nbsp;and <strong>AppFolio</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>). Currently, Twilio sports a Zacks Rank #1 (Strong Buy), while NVIDIA and AppFolio each carry a Zacks Rank #2.</p>
<p>The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, indicating a 27.4% increase from 2023. The stock has plunged 22% YTD.</p>
<p>The Zacks Consensus Estimate for NVIDIA&#39;s fiscal 2025 earnings has been revised upward by a penny to $2.69 per share in the past 30 days, suggesting year-over-year growth of 106.9%. The stock has declined 136.3% YTD.</p>
<p>The Zacks Consensus Estimate for AppFolio&#39;s 2024 earnings has been revised upward by 16 cents to $4.14 per share in the past seven days, indicating an increase of 142.1% on a year-over-year basis. Shares of APPF have jumped 27.9% YTD.</p>
<p><a href="https://www.zacks.com/stock/news/2314429/sabre-sabr-soars-7-on-narrower-q2-loss-upbeat-fy24-guidance?cid=CS-BENZ-FT-analyst_blog|earnings_article-2314429">To read this article on Zacks.com click here.</a></p>


Penny Stocks

Small Cap

SABR

TWLO

Sabre Soars 7% on Narrower Q2 Loss, Upbeat FY24 Guidance

<p>Keybanc  analyst Jason Celino   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $275 to $300.</p>


Keybanc Maintains Overweight on AppFolio, Raises Price Target to $300

<p>DA Davidson  analyst Peter Heckmann   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Buy and raises the price target from $285 to $300.</p>


DA Davidson Maintains Buy on AppFolio, Raises Price Target to $300

<p>Piper Sandler  analyst Brent Bracelin   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $295 to $300.</p>


Piper Sandler Maintains Overweight on AppFolio, Raises Price Target to $300

<p><strong>Logitech International S.A.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/logi#NASDAQ">LOGI</a>)&nbsp;started fiscal 2025 on a strong note by reporting better-than-expected results for the first quarter. The computer peripheral and software maker&#39;s key metrics, including revenues and earnings, marked strong improvement on a year-over-year basis as well.</p>
<p>Logitech&#39;s fiscal first-quarter non-GAAP earnings of $1.13 per share beat the Zacks Consensus Estimate of 89 cents and registered a year-over-year increase of 74%. The company&#39;s bottom-line results mainly benefited from increased revenues and lower product costs and promotional costs, leading to gross margin expansion.</p>
<p>Logitech&#39;s first-quarter revenues of $1.1 billion outpaced the consensus mark of $1.03 billion. Moreover, the top line marked a year-over-year increase of 12% on a reported basis and 13% on a constant-currency basis, mainly driven by higher demand across key product categories and efficient inventory management.</p>
<div class="chart_embed">
<h3>Logitech International S.A. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Logitech International S.A. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d0/1721733721.png" style="height:265px; width:576px" title="" /></h3>
<p>Logitech International S.A. price-consensus-eps-surprise-chart | Logitech International S.A. Quote</p>
</div>
<h3>Segment Details</h3>
<p>Logitech registered sales growth across the majority of key product categories year over year. In the first quarter of fiscal 2024, LOGI reclassified its product segments by removing the Audio &amp; Wearable and Mobile Speakers categories and adding Headsets and Other categories.</p>
<p>Revenues from Keyboards &amp; Combos improved 19% year over year to $215.3 million, while Gaming revenues increased 16% year over year to $309.5 million. Our model estimates for Keyboards &amp; Combos and Gaming sales were pegged at $190.7 million and $281.7 million, respectively.</p>
<p>Revenues from the Headsets product category jumped 20% to $44.2 million, Pointing Devices grew 9% to $190 million, Tablet Accessories increased 12% to $78.5 million and Video Collaboration increased 6% to $147 million. Our model estimates for Headsets, Pointing Devices, Tablet Accessories and Video Collaboration were pegged at $37.8 million, $183.3 million, $74.8 million and $145.9 million, respectively.</p>
<p>On the other hand, Webcams declined 3% to $73 million and the Other category&#39;s revenues fell 1% to $30.7 million. Our estimates for Logitech&#39;s Webcams and Other category&#39;s first-quarter revenues were pegged at $77.1 million and $31.8 million, respectively.</p>
<h3>Margins &amp; Operating Metrics</h3>
<p>The non-GAAP gross profit jumped 24.1% to $466.3 million from $375.6 million reported in the year-ago quarter. The non-GAAP gross margin expanded 430 basis points (bps) from the prior-year quarter to 43.3%. The year-over-year increase was driven by lower product costs and reduced promotional activities.</p>
<p>Non-GAAP operating expenses increased 6.6% to $289 million. As a percentage of revenues, non-GAAP operating expenses declined 130 bps to 26.6%.</p>
<p>The non-GAAP operating income surged 67% to $182 million from $109 million reported in the year-ago quarter. The operating margin improved 560 bps to 16.8% from 11.2% in the year-ago quarter. The increase in the operating margin was mainly driven by improved gross margins, strong executions in operations and lowered spendings on promotional activities.</p>
<h3>Liquidity and Shareholder Return</h3>
<p>As of Jun 30, 2024, LOGI&#39;s cash and cash equivalents were $1.53 billion, up from $1.52 billion recorded in the previous quarter. Additionally, the company generated $176 million in cash from operational activities in the first quarter of fiscal 2025.</p>
<p>In the first quarter, the company repurchased shares worth $131 million but did not pay out dividends.</p>
<h3>Raised Fiscal 2025 Guidance</h3>
<p>Buoyed by stronger-than-expected first-quarter performance, Logitech raised its guidance for fiscal 2025. It now expects fiscal 2025 sales in the band of $4.34-$4.43 billion, up from the previous guidance of $4.3-$4.4 billion. The revised top-line projection reflects a year-over-year increase in the band of 1-3%, up from the earlier range of 0-2%. The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $4.35 billion.</p>
<p>Logitech also revised its projections of non-GAAP operating profit to $700-$730 million, up from the previous guidance of $685-$715 million. The updated guidance for operating income projects year-over-year growth of 0-4%, up from the previous guidance between a decline of 2% and an increase of 2%.</p>
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
<p>Logitech currently carries a Zacks Rank #2 (Buy). Shares of LOGI have lost 3.2% year to date (YTD).</p>
<p>Some other top-ranked stocks in the broader technology sector are <strong>NVIDIA</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), <strong>Appfolio</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) and <strong>Twilio</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for NVIDIA&#39;s fiscal 2025 earnings has been revised upward by a penny to $2.69 per share in the past seven days, suggesting year-over-year growth of 107%. The long-term estimated earnings growth rate for the stock is 37.6%. The stock has soared 149.2% YTD.</p>
<p>The Zacks Consensus Estimate for Appfolio&#39;s 2024 earnings has been revised downward by 2 cents to $3.98 per share in the past 60 days, indicating an increase of 132.8% on a year-over-year basis. Shares of APPF have jumped 55.7% YTD.</p>
<p>The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, indicating a 27.4% increase from 2023. It has a long-term earnings growth expectation of 33%. The stock has plunged 23.6% YTD.</p>
<p><a href="https://www.zacks.com/stock/news/2307114/logitech-logi-q1-earnings-and-revenues-surpass-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2307114">To read this article on Zacks.com click here.</a></p>


LOGI

NVDA

Logitech Q1 Earnings and Revenues Surpass Estimates

<p>Ratings for AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $278.67, a high estimate of $328.00, and a low estimate of $238.00. This current average reflects an increase of 9.28% from the previous average price target of $255.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721250088_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>The analysis of recent analyst actions sheds light on the perception of AppFolio by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexei Gogolev</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$328.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$295.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$295.00</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$241.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$238.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$264.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AppFolio. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AppFolio compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of AppFolio's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into AppFolio's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/APPF/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on AppFolio analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind AppFolio</h2>
<p>AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.</p>
<h3>Financial Milestones: AppFolio's Journey</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> AppFolio's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately <strong>37.71%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> AppFolio's net margin excels beyond industry benchmarks, reaching <strong>20.63%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>12.15%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>9.12%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.13</strong>, AppFolio adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Forecasting The Future: 6 Analyst Projections For AppFolio

<p>JP Morgan  analyst Alexei Gogolev   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $260 to $328.</p>


JP Morgan Maintains Overweight on AppFolio, Raises Price Target to $328

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