In today’s briefing:
- CRV, Aave, and the Art of Liquidation
- STEELCASE, INC. – 1QFY24 Earnings Ahead of Estimates
- DocuSign Inc.: AI-Based ID Verification And 4 Other Pivotal Factors That Are Going To Drive The Company Forward – Financial Forecasts
- DoorDash Inc.: Is There A Real Boost From The DashPass? – Key Drivers
- Campbell Soup Company: 5 Revealing Facts From The Company’s Recent Performance -Financial Forecasts
- EPAM Systems: Is The Google Cloud Partnership Exciting Enough For Shareholders? – Key Drivers
- PagerDuty Inc.: AIOps Launch For End-to-End Automation & 3 Other Major Drivers Influencing Its Performance – Financial Forecasts
- Smartsheet Inc.: 4 Eye-Opening Drivers For This Tech Player – Financial Forecasts
- Recent Outside Investments in Existing Projects Imply SLNH’s Valuation Well Above Current Levels
- Dynatrace Inc.: These Are The 4 Major Catalysts Driving Its Growth! – Financial Forecasts
CRV, Aave, and the Art of Liquidation
- Curve Finance’s CEO Michael Egorov briefly found himself in the spotlight last week as Crypto Twitter spotted him depositing more CRV to Aave V2 in 3 large transactions worth a total of $35mn USD (represented by the orange plus signs below).
- Currently, his position stands at nearly $200mn CRV deposited and $60mn USDT borrowed, making it one of the largest loans in DeFi history.
- So, why is this significant? And what are the implications for Aave and CRV?
STEELCASE, INC. – 1QFY24 Earnings Ahead of Estimates
- After market close on June 21, Steelcase reported 1QFY24 GAAP EPS of $0.01 and non-GAAP (adjusted) EPS of $0.09, beating consensus of $0.01 and our $0.03 estimate (both adjusted).
- Adjusted EPS excluded $0.05 of restructuring and $0.03 in purchased intangible amortization.
- Reported consolidated 1QFY24 revenue of $751.9 million was also better than consensus of $719 million and our $715 million estimate.
DocuSign Inc.: AI-Based ID Verification And 4 Other Pivotal Factors That Are Going To Drive The Company Forward – Financial Forecasts
- DocuSign delivered an all-around beat in the most recent quarterly result.
- For the first quarter, their overseas revenue increased by 17% year over year to $168 million, accounting for 25% of total revenue.
- Additionally, the number of clients with annualized contract values over $300,000 increased by 20% from the previous year, totaling 1,063 consumers.
DoorDash Inc.: Is There A Real Boost From The DashPass? – Key Drivers
- DoorDash delivered an all-around beat in the previous quarter.
- DoorDash’s expansion into new verticals, particularly the grocery delivery sector, yielded positive results, with improved product quality and a wider selection of offerings.
- The company’s focus on enhancing the customer experience, including accurate order fulfillment and convenient delivery options, contributed to the overall success.
Campbell Soup Company: 5 Revealing Facts From The Company’s Recent Performance -Financial Forecasts
- Campbell Soup delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.
- Organic net sales climbed 5% year on year in the third quarter, with favorable inflation-driven net price realisation offset in part by volume and mix decreases.
- We give Campbell Soup Company a ‘Hold’ rating with a revised target price.
EPAM Systems: Is The Google Cloud Partnership Exciting Enough For Shareholders? – Key Drivers
- Despite facing challenges such as the exit of Russian operations and the reduction in Russian customer revenues, EPAM managed to deliver revenues in line with Wall Street expectations in its recent result as well as an earnings beat.
- It saw growth in various industry verticals, including Travel and Consumer, Financial Services, and Business Information and Media.
- However, Software and Hi-tech experienced no growth, while Life Sciences and Healthcare declined due to the ramp-down of a large transformational program.
PagerDuty Inc.: AIOps Launch For End-to-End Automation & 3 Other Major Drivers Influencing Its Performance – Financial Forecasts
- PagerDuty delivered a mixed set of results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.
- In terms of the pipeline, the total ARR and mix from new products significantly improved.
- PagerDuty AIOps offers end-to-end automation, from event intake through auto-remediation, to efficiently manage large volumes of data and events.
Smartsheet Inc.: 4 Eye-Opening Drivers For This Tech Player – Financial Forecasts
- Smartsheet delivered a solid result and managed an all-around beat in the last quarter.
- The quarter’s revenue increased by 31% year over year to $219.9 million, while billings increased by 20% year over year to $215.5 million.
- Enterprise expansions during the quarter included Eli Lilly, Foxtel, Motorola Solutions, and Novocure, and new customer wins included Liberty Media, Hostess Brands, and Eight Eleven Group.
Recent Outside Investments in Existing Projects Imply SLNH’s Valuation Well Above Current Levels
- Current market valuation only gives credit for existing projects, making the project pipeline a free option.
- Earlier this year, Spring Lane Capital and Navitas Global bought their project stakes at an implied valuation of $566K and $941K per MW of capacity.
- Using the average price paid gives a $31.3 million value for Soluna’s 100% share of Project Sophie and a 15% and 51% share of Project Dorothy 1A and 1B, about equal to the current $31.9 million enterprise value (Source: YCharts).
Dynatrace Inc.: These Are The 4 Major Catalysts Driving Its Growth! – Financial Forecasts
- Dynatrace managed to exceed analyst expectations in terms of revenue as well as earnings.
- Despite a dynamic macroeconomic environment, the company exceeded expectations, delivering impressive results across key operating metrics such as ARR, total revenue, subscription revenue, operating margin, free cash flow, and EPS.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
