Trending: Three technology stocks catching the eye today

July 30, 2021 11:13 AM PDT | By Team Kalkine Media

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Trending: Three technology stocks catching the eye today — Image source: TippaPatt,Shutterstock

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Summary

Twilio Inc. (NYSE:TWLO) reported revenue of US$668.9 million in Q2.

Atlassian Corp (NASDAQ:TEAM) reported total revenue of US$2.1 billion in FY 2021.

Matterport, Inc (Nasdaq:MTTR) stock surged 5.80% at 11.03 am ET.

Twilio Inc and Atlassian Corporation were trending on Wall Street Friday after they declared their second-quarter results, while Matterport Inc. saw a surge in its stock price after collaborating with another technology company.

Why is Twilio trending?

Twilio Inc. (NYSE:TWLO) reported revenue of US$668.9 million, up 67 percent YoY in Q2, 2021. The company released its earnings report on Thursday.

Source: Pixabay.

TWLO is a cloud communications platform that helps developers build or operate software applications in real-time. The stock tanked 2.67 percent to US$381.77 at 10.37 am ET on July 30.

It incurred losses from operations of US$202.3 million in the quarter, compared to US$102.6 million losses in the year-ago quarter. Income from operations is US$4.2 million compared to US$9.5 million in Q2, 2020. Net loss per share is US$1.31 compared to US$0.71 in Q2, 2020.

The market cap of TWLO is US$65.2 billion. The forward P/E one year is -153.20. The earnings per share (EPS) is US$-4.47. The highest and lowest stock value of the US-based company is US$457.30 and US$216.23.

The share volume is 660,990. The cloud company stock surged 10.24 percent YTD.

Source: Pixabay.

How do the earnings of Atlassian Corporation look like?

Atlassian Corporation Plc released its Q4 and the fiscal year 2021 earnings report on July 29. The software company got revenue of US$559.5 million in Q4, 2021, up by 30 percent YoY. Operating losses for this period are US$7.5 million compared to US$3.3 million in Q4, 2020.

The stock of TEAM shot up by 24.94 percent to US$333.32 at 10.50 am ET on July 30, following the earnings report.

The operating margin of 1 percent remained the same as recorded in Q4, 2020. TEAM incurred a net loss of US$213.1 million compared to a net loss of US$385.2 million in Q4, 2020. Net loss per diluted share is US$0.85 in Q4. The company had liquidity reserves of US$1.2 billion at the end of the quarter.

TEAM’s revenue for the fiscal year 2021 is US$2.1 billion, a hike of 29 percent YoY. Operating income for the year is US$101.6 compared to US$14.1 for 2020. The operating margin for 2021 and 2020 is 5 percent and 1 percent, respectively.

Net loss for 2021 is US$696.3 million or US$2.79 per diluted share. And that was US$350.7 million or US$1.43 per diluted share in 2020. Net income is US$357.6 million or US$1.40 per diluted share for 2021. Cash from operating this year is US$841.3 million.

Also read: Amazon’s Q2 profit surges as net sales surpass $100B for third time

The market capitalization of the software company is US$83 billion. The forward P/E one year of the TEAM is 6669.75. The EPS is US$-2.80. The lowest and the highest stock value of the UK enterprise is US$275.67 and US$160.01. The share volume is 2,534,739. The stock value of the software company went up by 42.43 percent YTD.

Why did the Matterport stock surge?

Matterport, Inc (Nasdaq:MTTR) on July 29 announced a partnership with SIMLAB, a technology company, to create innovative projects. Its three-dimensional data platform is helpful to turn spaces into digital twins, which is used to design and build space.

Following the announcement, the stock prices of this spatial data company surged by 5.80 percent to US$15.85 at 11.03 ET on July 30. The market capitalization of this software company is US$3.7 billion. The highest and lowest stock price of the US-based company for the last 52 weeks is US$28 and US$19.45. The share volume is 793,613.

Matterport reported revenue of US$27 million in Q1, 2021, up by 108 percent YoY. In addition, subscribers’ revenue reached US$13.8 million, a hike of 84 percent YoY.

Please note: The above constitutes a preliminary view, and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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