A new conference on blockchain technology will take place in Toronto later this year, hosted by Ripple, the cryptocurrency whose price has just surged to new heights, rising 70 per cent overnight amid heavy trading. The event called Swell by Ripple is being billed as a come-together of banking and tech leaders who are “committed […]
AcuityAds is a buy right now, says Haywood
Ahead of the company’s second quarter results, Haywood analyst Pardeep Sangha is feeling bullish about AcuityAds (TSXV:AT). On Tuesday, August 8, after market close, AcuityAds will report its Q2, 2017 financials. Sangha thinks the company will post EBITDA of $300,000 on revenue of $17.7-million, compared to the consensus estimate of $600,000 in EBITDA on a […]
Shares of Shopify could spike after Q2 results, Paradigm Capital says
Paradigm Capital analyst Kevin Krishnaratne thinks Shopify’s (TSX, NYSE:SHOP) second quarter results and third quarter guidance could be better than expected. On Tuesday, August 1, Shopify will report its Q2, 2017 results. Krishnaratne expects the company will post a non-GAAP operating loss of $7.5-million and gross profit of $78.2-million on revenue of $144.8-million. This compares […]
There’s still a little upside left in Shopify, says Industrial Alliance
Ahead of Shopify’s (TSX, NYSE:SHOP) second quarter results, Industrial Alliance Securities analyst Blair Abernethy thinks there’s still a little upside left in the stellar performer. On Tuesday, August 1, Shopify will report its Q2, 2017 results. Abernethy thinks the company will lose $0.08 a share and generate EBITDA of negative $1.9-million on a topline of […]
The fragile future of Canada Post is now in Amazon’s hands
Retail juggernaut Amazon is poised to become its own delivery service, a move that could prove to be the final blow for Canada Post, which now relies more than ever on parcel delivery for its bread and butter. Once again, Amazon is showing the world that its ambitions are truly bottomless, having just announced […]
Machine learning is transforming Shopify, says Paradigm Capital
While many companies talk about the potential for Machine Learning to transform business, Shopify (TSX, NYSE:SHOP) is already reaping its considerable benefits, says Paradigm Capital analyst Kevin Krishnaratne. Last week in Toronto, Krishnaratne attended a series of meetings with Shopify’s SVP of Data & Analytics, David Lennie. Those meetings, says the analyst. gave him a […]
Look for Shopify to make a splash in artificial intelligence, says Industrial Alliance
The completion of a financing and what the company might do with the proceeds has Industrial Alliance Securities analyst Blair Abernethy feeling bullish of Shopify (TSX, NYSE:SHOP). On Wednesday, Shopify announced it had closed a (U.S.) $500-million share offering. The company said the proceeds would be used to strengthen its balance sheet or support growth. […]
Shopify looks to be lining up acquisition targets, says National Bank Financial
A new Shopify (TSX, NYSE: SHOP) offering that will raise more than a half-million dollars is dilutive, but should be offset the potential upside from acquisitions says National Bank Financial analyst Richard Tse. This morning, Shopify announced it had filed a preliminary prospectus supplement to its amended and restated short form base shelf prospectus from […]
Facebook reverses its decision on deleting an abortion group’s page
Facebook has reversed its decision over deleting an abortion charity’s page, citing an “error” had caused it to be banned in connection with the company’s policies on “promoting and encouraging drug use.” Yesterday, the Dutch group Women on Waves announced that its sister organization, Women on Web, had its Facebook page taken down over violation […]
Shopify gets (US) $101.00 target at Mackie Research Capital
A quarter that bested his expectations has Mackie Research Capital analyst Nikhil Thadani raising his price target on Shopify (TSX, NYSE:SHOP). On Tuesday, Shopify reported its Q1, 2017 results. The company lost (U.S.) $13.59-million on revenue of $127.4-million, a topline that was up 75 per cent over the same period last year. “With our excellent […]
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