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Dropbox And Spotify In A Sticky Stance To Keep Up New IPOs

Joe Samuel

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After an IPO just last year, Dropbox Inc (DBX) and Spotify Technology (SPOT) already seem to have hit a bit of a snag. They’ve been overshadowed by various new IPOs like Zoom Video, PagerDuty, etc. These new April ’19 entrants have seen the better side of the market. Zoom stock price and PagerDuty stock price have risen by 41% and 29 % respectively over the very short period. 

[Special Report] The Next Big Tech Play Could Be “Hand-Delivered”

The same however cannot be said for either Spotify (flat since its IPO) or Dropbox, whose stock price fell by 15% over the same period. This year has been a little better, with Spotify increasing 27% year to date, and Dropbox up by 17%.

Dropbox Stock Price

With a very slow to almost no revenue growth, Dropbox created a sense of insecurity among the investors. The company had announced earnings much higher than those forecasted over the span of the previous five quarters. In spite of this, it has been unable to increase sales of the company by even a percent during the same period.

Moreover, the growth rate is also beginning to slow down with a projected current year’s growth rate at 18%. This is as compared to last year’s 26%. Meanwhile, sales projected figures indicate a rise by a mere 15%. These figures indicated the company’s vulnerable position in the market.

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In hopes of recovery, the company, on June 11, announced an ‘integrated workspace’. It’s a user interface aimed to hook into document repositories along with connecting to various other enterprise apps, like Slack. Slack is a collaboration tool product of a newly-went public start-up also named Slack. Being far behind in revenue as compared to Dropbox ($600 million for slack while $1.6 billion for Dropbox), Slack still poses a threat to the latter. Forecasts show that Slack’s revenue growth would be over 50%. With the load of new IPOs in the market, Dropbox has to fight much harder.

Dropbox did familiarize the market with the sharing of files. But it somehow remains less famous than Slack, now the go-to app for employees. This does imply the inefficiency of customer relationship management. Additionally, being unable to keep a track record of the new customers, and among the old ones that the company retained and lost. The company is quite behind in its progress based on the retention metrics Wall Street loves to use when dealing with enterprise software.

Spotify Stock Price

Spotify, on the other hand, has a little different story. It has an increasing growth rate of revenue from 20% last year to 27% this year. This rounds out the revenue to $7.7 billion. The Spotify stock price appears low, making the revenue 3.5 times of the stock value. EBITDA of the company has been negative, though, now, the negative figures are decreasing. This could indicate a profit for the firm in 2021. The customer base has been increasing for Spotify. But user count at March-end was up by 26% from the previous year’s figure.

The next year’s report would be out by August 8th for Dropbox and on July 25th for Spotify. It is crucial for both the companies to keep its investors, luring in more at the same time.

Like This Article? Check Out: There’s A New Way To Netflix & Chill In The Stock Market

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Can Apple (AAPL) Stock Price Catch A Boost From AppleTV+?

Daniel Chase

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apple stock price AAPL

Apple Inc. (AAPL Stock Report) is growingly shifting its dependence on other categories of products as iPhone sales continue the decline. The biggest bets for the company involve services and at the beginning of the year, they introduced four new services that are Apple News+, The Apple Card, Apple Arcade and the Apple TV+.

Apple TV plus to debut in November

One of the services Apple TV+ subscription is expected to be launched in two months and it is seen as a competitor to streaming platform Netflix Inc. (NASDAQ: NFLX). For over two years Apple has been planning its entry into the TV subscription space. Early reports indicated that the company was planning to commit over $1 billion on programming to realize the venture.

The company plans to introduce a small collection of shows before expanding its catalog in months to follow. Sources familiar with the matter indicated that there is a possibility a free trial as the company continues to build its library. Apple will employ a different video subscription strategy for its shows with plans of offering the first three episodes of shows then followed by weekly installments.

Tech Stocks That Could Benefit From The Boom In New Streaming Stocks

The “Netflix and Chill” or now “Apple And Chill?” mentality of the new generation of viewers may have created an opportunity for certain niche sectors. One of these niche’s is on-demand delivery stocks. Amazon and Uber have entered the space with a significant focus on timeliness. However, as Uber puts it, UberEats may be the loss leader for the company due to the infrastructure. Furthermore, Amazon may be more insulated due to the sheer size of its core business.

This being said, it’s vital to look at companies that may be smaller, more nimble, and streamlined for potential profitability. In this regard, ParcelPal (PTNYF) (PKG) has been a company that we’ve discussed numerous times in the past. The company targets on-demand delivery of pretty much anything. But what has set it apart from the UberEats and Postmates of the world is their direct integration of cannabis.

Something that is beginning to set ParcelPal (PTNYF) (PKG) apart from its immediate competition is its diversification strategy. Not only is the company working with the likes of Amazon, but it is also entering into key verticals that are seeing an increase in rapid demand. Right now, ParcelPal (PTNYF) (PKG) has built relationships with businesses in both alcohol and cannabis.

We don’t have to go into the deep details of these booming industries, but it is vital to understand that the evolution from brick-and-mortar to on-demand delivery could be setting the stage for a major economic boom.

While consumers are becoming more comfortable with using smartphones and computers to buy groceries, they are also increasingly using the same technology to help them skip trips to the liquor store, according to data from the e-commerce analytics firm, Slice Intelligence. Netflix and Chill just got an upgrade!

Joining the competitive streaming space

Apple joins the growing number of providers offering streaming services such as Netflix, and Amazon.com Inc. (AMZN Stock Report), Walt Disney Co. (NYSE: DIS),Comcast Corp.’s (CMCSA Stock Report) NBCUniversal and AT&T Inc. (T Stock Report). These companies are all targeting the growing number of viewers who are watching on mobile devices or canceling cable TV subscriptions. 

The company has set aside $6 billion of its budget for the rolling out of TV+ subscription’s shows and movies. Apple is spending more money as it attempts to create more to achieve its goal of $50 billion in service sales by next year. The company is seeking new ways of generating revenue as smartphone sales continue to slow down due to market saturation and weak economies. 

Apple has not indicated the pricing of the service but it is expected to be around $9.99 per month. Netflix and Amazon charge $8.99 while Disney+ will charge $6.99 when its service becomes available in November.

apple stock price AAPL
Disclaimer: MIDAM VENTURES LLC has been compensated $75,000 per month by a ParcelPal Technology, Inc. for a period beginning September 1, 2018 and ending February 1, 2019 to publicly disseminate information about (PTNYF/PKG) to publicly disseminate information about (PTNYF/PKG). Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to April 1, 2019. Midam Ventures has been compensated $100,000 by Parcel Pal and has extended coverage to May 1, 2019. Midam Ventures has been compensated $200,000 by Parcel Pal and has extended coverage to June 1, 2019. Midam Ventures has been compensated $200,000 by Parcel Pal and has extended coverage to July 1, 2019. We may buy or sell additional shares of (PTNYF/PKG) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. We own zero shares. Click Here For Full Disclaimer

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Stock Price Wednesday Morning Update – August 21, 2019

Joe Samuel

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biotech stocks to watch

PharmaCyte Biotech to Hold Special Shareholder Meeting

PharmaCyte Biotech, Inc. (PMCB), a clinical-stage biotechnology company focused on developing targeted cellular therapies for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box®, today announced that it will hold a Special Shareholder Meeting on September 11, 2019.

See More On This – CLICK HERE


Must Read Biotech Stock Report

With a wave of groundbreaking products in the pipeline, biotechnology could be poised to keep churning higher for the foreseeable future. But how can you get in on the ground floor of the next big wave in biotech?

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2 Food Delivery Stocks To Watch Before The End Of Summer

The food delivery industry in the United States has grown into a behemoth and although the margins are extremely thin, investors are willing to bet billions on some of the biggest food delivery companies. At this point in time, companies are fighting among themselves to gain supremacy in this space and competition is heating up as they look to grab market share from each other.

Read More Here


2 Chinese Stocks Making Bullish Moves

The trade war with the United States and an economic slowdown for the first time in three decades has cratered the markets in China. China-based stocks have generally underperformed over the course of the past year. But even during such a slowdown, some stock prices have been showing bullish tendencies. Here is a look at two such China-based companies that have seen stock prices climb.

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biotech stock to buy 2019

Disclaimer: Pursuant to an agreement between MIDAM VENTURES, LLC and Complete Investment And Management LLC, a Non-affiliate Third Party, Midam was hired for a period from 07/09/2019 – 8/09/2019 to publicly disseminate information about PharmaCyte Biotech including on the Website and other media including Facebook and Twitter. We were paid $150,000 (CASH) for & were paid “0” shares of restricted common shares. We were paid an additional $150,000 (CASH) BY Complete Investment And Management LLC, a Non-affiliate Third Party, AND HAVE EXTENDED coverage for a period from 8/12/2019 – 9/12/2019. We may buy or sell additional shares of PharmaCyte Biotech in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Click Here For Full Disclaimer

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2 Chinese Stocks Making Bullish Moves

A. Lawrence

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chinese stock prices

The trade war with the United States and an economic slowdown for the first time in three decades has cratered the markets in China. China-based stocks have generally underperformed over the course of the past year. But even during such a slowdown, some stock prices have been showing bullish tendencies. Here is a look at two such China-based companies that have seen stock prices climb.

SINA Corp (SINA)

One of the stocks that recorded significant gains on Monday was that of SINA Corp (SINA Stock Report), the Chinese digital media company. The company announced its quarterly earnings yesterday and results proved to be hugely impressive. The company’s earnings for Q2 2019 stood at an impressive $0.73 per share while total sales rose to $533.1 million. It managed to beat analysts’ expectations of earnings of $0.47 per share and sales of $510.2 million in sales handsomely.

[Read More] 2 Food Delivery Stocks To Watch Before The End Of Summer

That being said, it needs to be pointed out that the company’s sales figures had actually declined by 1% year on year. However, the fact that it managed to beat estimates has proven to be a major trigger for the SINA stock. On Monday, the stock gained as much as 13% and should be in focus for the rest of the week.

Baidu Inc (BIDU)

The other Chinese stock that surged on Monday was that of tech giant Baidu Inc (BIDU Stock Report), which, like SINA, had managed to deliver better than expected earnings. The company had a disappointing Q1 2019 but has managed to bounce back in the second quarter by generating $3.83 billion in revenues and earnings per share of $1.47. The results also managed to beat the projections that the company had provided some months ago.

Considering the fact that the Chinese economy is currently in a slowdown, this is an acceptable earnings results for Baidu and hence the company’s stock rose by as much as 9% yesterday. It would be worthwhile to keep an eye on the stock for the foreseeable future.  

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