Record revenue for Mellanox in the second quarter of this yearMellanox’s revenues totaled $ 310.3 million, an increase of 15.6% compared to revenues of $ 268.5 million in the corresponding quarter of 2018; Net profit rose to $ 38.4 millioNasdaq: MLNX) reported that after Wall Street closed its financial results for the second quarter of the year and posted record revenues, which rose by 16% over revenues in the corresponding quarter last year, while the company’s net profit soared 230%According to the company’s reports, Mellanox’s revenues totaled $ 310.3 million, an increase of 15.6% compared with $ 268.5 million in the corresponding quarter in 2018. The GAAP gross margin was 64.55 To approximately 61.45 in the corresponding quarter last year.In the second quarter, Mellanox concludes the second quarter with a 27.3% increase in operating profit, which totaled $ 84.7 million, and net income of $ 38.4 million, compared to $ 16.5 million in the second quarter of 2018.We are pleased with our financial performance this quarter and the adoption of our latest 25, 50 and 100 Gigabits per second products in Ethernet technology and 200 Gigabit per second HDR in InfiniBand products,” said Eyal Waldman, President and CEO of Mellanox. We expect to maintain and increase our leadership in these segments as we increase our presence in our network adapters and switches in the data center. “
JPMorgan warns of sharp declines in US stocks this quarterThe investment bank analysts estimate that earnings forecasts for the coming year will be revised downwards soon and will affect stock performance in the near termThe reversal is expected to be followed by a downward revision in earnings forecasts for the coming year, according to Jislin Yu, global asset management strategy for the global market. Analysts now expect earnings to grow around 14 percent in 2020, a forecast that looks “pretty high” in light of the weak global economic outlook, she said.The S & P 500 index and the Nasdaq index surged more than 20 percent this year, and the Dow Jones is not far behind, at 17 percent, Hugh said, adding: “It is not clear how much the market has fallen, but there is a real risk to share prices.”In terms of timing, I think the next couple of weeks will still be good for stock markets as we move towards a Fed rate cut,” she said, adding that she expected the Fed to cut interest rates at its next policy meeting at the end of the month.After the Fed’s expected move, investors are expected to turn their attention to other factors affecting stock prices, such as corporate profits, Yu said. She explained that many analysts will begin changing their earnings forecasts for 2020 in the second half of the year, which will determine how the stock performance will look in the coming months. “We think there is a real risk that the forecasts will be revised downwards,” she said.
Yu is not the only strategy that has predicted an ongoing correction in stock prices. Earlier this month, Ian Harnett, chief investment strategist at Absolut Strategy, said a “sharp correction” might come in the next 18 months.Facebook reports good: approaching earnings rate of $ 20 billionFacebook beat analysts’ forecasts, reporting revenue of $ 16.9 billion in the second quarter, compared to revenues of $ 16.5 billionFacebook, which controls InStagram and BootsPap, reported its second-quarter results after closing on Wall Street. The company’s revenue was $ 16.9 billion, compared with analysts’ forecasts of $ 16.5 billion.Teva – a lot of threats, one chance; Is the company on the way to be sold?Altshuler Shaham is entering the field of basket funds – offering funds at low management feesWhile the profit fell by 50% to $ 2.6 billion, it was because of one-time expenses – $ 2 billion of fines imposed on the company in the Cambridge Analytical Case. As part of the report, the company reported that two tests were being conducted against it in the matter of privacy protection with the Anti-Trust Commissioner.In the second quarter, 94% of the company’s revenue from advertising came from mobile devices, compared with 91% in the corresponding quarter of 2018. Total advertising revenue rose 28% year-over-year to $ 16.24 billion, while other revenues – fees and other fees – rose 36% to $ 262 million.
“The second quarter was a strong quarter and our business continues to expand,” said Mark Zuckerberg, founder and CEO of Facebook. “We continue to invest in infrastructure of stronger privacy protections for everyone and provide new experiences To our audience. “Deutsche Bank in trouble: Why did the bank remove the liquidity clause in the reports?In the wake of reports of a capital flight from the bank in recent months, the bank has removed the report on its sources of financing during pressure in recent reports, and reports that the bank wants to sell part of its derivatives portfolio on the assumption,The dwindling data from the reports blurs another attempt by the bank to conceal the liquidity crisis it is now facing. At the same time, the bank has been in a “race against the clock” in order to achieve liquidity in the last quarter of 2019, which is expected to be very challenging in the financing markets.Teva – a lot of threats, one chance; Is the company on the way to be sold?Altshuler Shaham is entering the field of basket funds – offering funds at low management feesOn the face of it, the bank reports liquidity reserves at € 246 billion, 64% of which are booked and cash equivalents, and the rest are liquid assets. The bank said it was down 13 billion euros from the first quarter of the year. In addition, the Bank reports that the most important ratio for the banks, Liquidity Coverage Ratio (LCR), today stands at 147%, significantly higher than the required ratio.
So far, it appears that the bank’s liquidity is at a good level, but what ignites a red light is the significant change in the manner in which the Bank’s report was published in the last quarters: Until the third quarter of 2018, the Bank has listed all the components expected to provide the cash During the last three quarters, the Bank has not specified the liquidity risks of the Bank, and is satisfied with only general details, despite the fact that the issue has become particularly interesting recently.
The “liquidity risks” section of the Bank in the past versus the liquidity item in the last reportsWhy is this table particularly critical? The hedge fund, Renaissance Technologies, the hedge fund considered the most successful in the world, is the largest hedge fund in the world, Decided to withdraw its funds from the problematic bank.The money of those funds that went out is the “other customer” clause in the table.Meanwhile, the bank appears to be in a “race against the clock” to obtain adequate liquidity for the last quarter of 2019, which is expected to be particularly challenging. As soon as the US government approves the raising of the debt ceiling, the US is expected to raise $ 600-650 billion, which means that the US banking sector is losing $ 150-200 billion in excess reserves, But the damage to foreign banks is expected to be more significant Deutsche Bank is in serious trouble for the coming quarter.The bank has recently been trying to move its brokerage division to the French BNP, but take note of today’s report by Reuters. According to three senior sources at the bank, Deutsche Bank is now considering offering the bank’s derivative portfolio ($ 43 trillion now), with senior officials saying the bank understands that it will have to sell most of these assets at a significant discount, and that the process could take about a year.
Simply put, the bank began to quickly dispose of its assets in order to survive.Snapchett completes a jump of more than 260% in 7 monthsThe Social Network share shattered earlier forecasts on the number of active users, and is now jumping more than 13.5% to a market value of $ 23.1 billionThe social networking share of Snapapchat (SNAP) was the highlight of the night with a surge of more than 13.5%, completing a massive jump of more than 260% from last December’s low. In light of the rise this evening, the company is publishing particularly strong reports for the last quarter.Teva – a lot of threats, one chance; Is the company on the way to be sold?Altshuler Shaham is entering the field of basket funds – offering funds at low management feesRevenues for the fourth quarter totaled $ 388 million, compared to $ 262 million in the corresponding quarter last year. The company’s loss in the fourth quarter was $ 255 million, compared with a loss of $ 353.3 million in the corresponding period last year.But what concerns investors today is the sharp increase in company users, which may be translated into profits in the future. The company reported that in the quarter, approximately 13 million active users were added to the network, and now the number of active users is 203 million. This is a figure that shattered the market’s early forecasts of an additional 2 million users, and the company’s official forecast was for an addition of 2-4 million users.
The company also sees a 7% increase in user activity in the new version of the application, believing it to be an encouraging sign for long-term user retention. The company stresses that they are now working on developing information consumption options through the application, claiming that the news information needed through the company’s application recorded an annual increase of 35%.The company expects revenues in the quarter to be $ 410-435 million, compared to $ 298 million in the corresponding quarter of 2018. The adjusted EBITDA is expected to be at a level of minus $ 60-85 million.The evening rises bring the company to a market value of $ 23.13 billion. However, the share price today is 41% lower than the peak set during thcompany’s 2017 IPO.A weekly graph of the company’s share since the IPOAmazon is entering the real estate field: launching a website for real estate transactionsAmazon has signed an agreement with Relogie, the largest real estate agency in the United States, to set up a site for real estate transactionsAlthough Amazon does not appear to be buying an apartment in the near future, the retailer has signed with Relogie, the largest real estate agency in the US, to buy products from Amazon worth $ 5,000 .Rilogi includes Century 21, Sotheby’s and Better Homes. Under the terms of the deal, the two companies will launch a new portal TurnKey, which will connect the apartment seekers with agents of Rilogi., In order to find an apartment. The Site will be managed and operated as part of the Amazon Group sites.
Rilogie, Sotheby’s International, and Better Homes is contending with online competition, especially Compass and Rufin, which have online platforms for real estate transactions.We are leading our market and we are naturally satisfied with this position, but we always have to innovate and improve in order to maintain the advantage and the leadership. We have to be prepared to eliminate parts of ourselves and be prepared to do all the things a successful company must do to stay at the top, To Rilogy Ryan Schneider.And how will it actually work? A potential buyer will enter the TurnKey portal on Amazon, and from there he will move to the Rilogi pages. After the customer is filled in, he will be transferred to a human agent. If there is a deal, then after the customer signs a contract, Amazon will connect it to services and products in the area, and give it the “gift” – up to $ 5,000.In the first phase, the service will be launched in 15 large US cities, with the plan being expanded to additional cities.How does a company that makes $ 185 million in the quarter worth $ 7.3 billion?Israeli company Wix reported annual revenue growth of 27% and a 25% increase in revenue, but when the company’s value is currently $ 7.3 billion, the results may not be enough.
The report season on Wall Street continues to gather momentum, with Israeli companies participating in the celebration as well, and Wix (Nasdaq: WIX), which develops a platform for building websites, . The company’s share is responding to a 2.5% drop in early trading (update: towards the close of trading, the share is up 3%).Revenues for the fourth quarter totaled $ 185.4 million, compared to $ 146.3 million in the corresponding quarter last year. The figure surpassed earlier forecasts of $ 184-182 million. At the same time, the company’s collection was $ 199.6 million, an annual increase of 25%, and slightly higher than earlier forecasts.So it’s true that the value of $ 7.3 billion seems high, but it is important to understand that Wall Street is pricing in future growth. What is important to analysts and investors is not sales in the last quarter, but sales in the future, and future growth rate. So look at the table below – the historical growth rate is impressive. If it continues in the coming years, which is a big question mark, it is very possible that the company will justify such a value.During the last quarter, the company added 5.7 million new users, and as of the end of the quarter, the company has 154 million registered users. This is an annual increase of 18%. The company added 132,000 premium subscribers in the last quarter, and now has 4.3 million subscribers. Revenue per user increased in the last quarter by $ 3, to $ 171.
The number of subscribers to the Company’s services in the last quarterThe company recorded an operating loss of $ 14.1 million in the fourth quarter, compared to a loss of $ 6.5 million in the corresponding quarter last year. The company posted a net loss of $ 16.7 million, compared to a net loss of $ 5.6 million in the same period last year.The company is now forecasting revenue for the third quarter of 2011 to reach $ 198-196 million, and $ 765-761 million in 2019.The company’s share has benefited especially from the drop in interest rates over the last year and from the cheap money in the markets. As of yesterday’s closing, the company’s share has risen 61% since the beginning of 2019, bringing the company to a market value of $ 7.28 billion today, a particularly high value for the company with revenues of less than $ 200 million. It will be interesting to see how the company’s share will behave in the last quarter of 2019, when economic conditions are expected to be more tight.The company’s share price in the last yearGreen closing on Wall Street: Coca-Cola rose 6.1% after the reportsThe banks climbed 2.3% this evening. Biogen rose 4.9% this evening, Harley Davidson jumped 6.6%. The dollar climbed, as pressure on emerging markets is renewed. Teva lost 0.1% in volatile trading, AudioCodes jumped 9.8% after reports, the crash continuedWall Street’s trading day closed up by 0.7%, as it reported a meeting between the US and China next week, giving backwinds to the market. At the same time, bond markets and foreign exchange markets are starting to focus as markets begin to price the effects of raising the US debt ceiling.
“I am pleased to announce that an agreement has been reached between Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer and Speaker of the House of Representatives Nancy Pelosi, “The agreement is expected to reach a vote in the coming days, as we have reported in recent days that the solution of the” crisis “between the parties is likely to cause problems in the money market, with the US government expected to raise $ 600-650 billion by the end of the year, $ 120 billion of which is expected to be taken in the next two months Such financing needs are high.In response to the expected increase in the debt ceiling, the FRA / OIS spreads for December are still rising today, and are at a threshold that signals that players expect a dollar shortage in the markets in the coming months, as occurred in 2015 and early 2018.FRA / OIS spreads for December: The financing market converges to a scenario of dollar distress in the last quarter of 2019The foreign exchange market and the bond market are expected to begin concentrating on the backdrop of recent events. The Dollar Index (DXY) continues to climb today (as we estimated at the end of last week) and is currently rising by 0.5% to 97.5 points The Euro is currently trading below the 1.12 level against the US currency, Of the interest rate in the European Union on Thursday is falling significantly today.The British pound is currently trading against the dollar against the background of Boris Johnson’s election as the next prime minister. It should be noted that currencies in the emerging markets are expected to be particularly vulnerable.
US bond yields rose this evening in anticipation of a significant increase in supply in the coming months. The two-year yield rose to 1.83%, and the 10-year yield rose to 2.08%. It should be noted that market players are confident today that the Fed will respond to the emerging liquidity crisis and will lower interest rates by 75 basis points by the end of the year.In the commodities sector, oil closed up 1.1% and trades close to $ 56.9 a barrel. Gold lost 0.6% and traded around $ 1,416 per ounce.In the centerThe reporting season on Wall Street is at its peak this week, and continues to affect the reporting companies, with Biogen (Nasdaq: BIB) rising 4.9% tonight after strong reports from the company. The company reported revenue of $ 3.6 billion, up 8% year-on-year, and higher than market forecasts. The company’s net profit was $ 1.49 billion, a 72% increase over the corresponding quarter last year, and significantly higher than expected. The company is also forecasting earnings per share to reach $ 29.6-30.4 per share, compared with a previous forecast of $ 26.6-27.6 per share.he Coca-Cola (KO) share rose 6.1% after the company reported revenue of $ 10 billion, up 6.1% in a second calculation, and slightly above the market forecast. In its bottom line, the company posted a net profit of $ 2.6 billion, compared to $ 2.32 billion in the same period last year.Harley Davidson (HOG: Quote, Profile, Research) rose 6.4% in volatile trading this evening, despite weak reports for the fourth quarter of 2008. The company reported revenue of $ 1.43 billion, down 6% To $ 195.6 million, compared to $ 242.3 million in the corresponding quarter last year.