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Almost everywhere you will read, the dark side is constantly waxing negative on Nvidia based on valuation, and its hard to argue with their negative thesis, with the company currently trading at roughly 45x estimated Wall Street earnings of $3.50 per share for the year ending January 2019.
The analyst at Needham and Company had an interesting report out last week that did a what if scenario of sorts on the impact on Nvidia’s top and bottom lines based on the amount of Nvidia technology/chips deployed by Toyota in its vehicles in the near future. Based on his analysis, what if the company’s partnership with Toyota could add $0.35 per share in earnings to NVDA earnings in 2019 or how about a best case of three or four times that $0.35 per share in earnings in 2019? At $4 or so per share in earnings for FY:19, Nvidia would be currently trading at roughly 40x. How about at $5 per share? That would be a multiple of 32x based on the current price.
Hot Tech Stocks To Watch Right Now: Veeva Systems Inc.(VEEV)
- [By Motley Fool Staff]
Matt Wallach is the co-founder and president of Veeva Systems(NYSE:VEEV), a cloud-based software company that found success catering to the life-sciences industry. But the company isn’t stopping there.
- [By Kristine Harjes]
In this week’s episode of Industry Focus: Healthcare, host Kristine Harjes interviews Matt Wallach, the co-founder and president of cloud computing companyVeeva Systems(NYSE:VEEV). Veeva serves healthcare companies across the board, from fledgling biotechs to massive stalwarts like Johnson & Johnson, and many investors see big potential for sustainable, long-term growth in the future.
Hot Tech Stocks To Watch Right Now: Canadian Solar Inc.(CSIQ)
- [By Paul Ausick]
Canadian Solar Inc. (NASDAQ: CSIQ) saw a decrease of 16.6% in short interest during the two-week period. Some 3.3% of the total float, or 1.49 million shares, were short and days to cover remained unchanged at three. The company’s share price fell by about 5.4% over the two weeks, and shares closed Wednesday at $16.26, up about 3.4% for the day, in a 52-week range of $12.07 to $19.09.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Verastem, Inc. (NASDAQ: VSTM) fell 9.7 percent to $4.73 in pre-market trading after announcing a $35 million common stock offering.
Evolus, Inc. (NASDAQ: EOLS) shares fell 8 percent to $13.48 in pre-market trading ahead of regulatory update at 8:30 a.m. ET.
XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) fell 6.5 percent to $2.01 in pre-market trading after climbing 10.50 percent on Tuesday.
Purple Innovation, Inc. (NASDAQ: PRPL) shares fell 5.8 percent to $9.36 in pre-market trading after reporting Q1 results.
Blink Charging Co. (NASDAQ: BLNK) fell 5.7 percent to $5.15 in pre-market trading after declining 5.04 percent on Tuesday.
RYB Education, Inc. (NYSE: RYB) shares fell 5 percent to $16.39 in pre-market trading following Q1 results.
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares fell 4.4 percent to $4.30 in pre-market trading after rising 40.62 percent on Tuesday.
Arbor Realty Trust, Inc. (NYSE: ABR) fell 4.4 percent to $8.92 in pre-market trading after announcing a 5.5 million share common stock offering.
Daxor Corporation (NYSE: DXR) fell 4.1 percent to $7.32 in pre-market trading.
Ormat Technologies, Inc. (NYSE: ORA) shares fell 3.8 percent to $51.03 in pre-market trading after the company announced plans to restate its Q2, Q3, Q4 and FY 2017 financial statements.
Canadian Solar Inc. (NASDAQ: CSIQ) fell 3.5 percent to $16.20 in pre-market trading after reporting Q1 results.
CELYAD SA/ADR (NASDAQ: CYAD) shares fell 3.3 percent to $29.70 in pre-market trading after the company reported launch of 1.8 million share offering
- [By Travis Hoium]
Canadian Solar (NASDAQ:CSIQ) is one of the biggest solar manufacturers in the world, producing about seven out of every 100 solar panels made last year. But the company doesn’t just make solar panels; it’s also become a leading developer of solar projects with a large presence in Brazil, Mexico, China, and the U.S.
- [By Motley Fool Staff]
Canadian Solar (NASDAQ:CSIQ) Q1 2018 Earnings Conference CallMay. 16, 2018 8:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Hot Tech Stocks To Watch Right Now: Monolithic Power Systems, Inc.(MPWR)
- [By Shane Hupp]
Get a free copy of the Zacks research report on Monolithic Power Systems (MPWR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Tech Stocks To Watch Right Now: Loral Space and Communications Inc.(LORL)
- [By Max Byerly]
Loral Space & Communications (NASDAQ:LORL) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Hot Tech Stocks To Watch Right Now: NTT DOCOMO, Inc(DCM)
- [By Logan Wallace]
Bank of Hawaii bought a new position in NTT Docomo Inc (NYSE:DCM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,664 shares of the technology company’s stock, valued at approximately $222,000.
Hot Tech Stocks To Watch Right Now: MoSys, Inc.(MOSY)
- [By Lisa Levin]
MoSys, Inc. (NASDAQ: MOSY) shares were also up, gaining 27 percent to $1.9265 after the company reported better-than-expected Q1 results and issued strong Q2 forecast.
- [By Lisa Levin] Gainers
MoSys, Inc. (NASDAQ: MOSY) shares rose 44.7 percent to $2.20 in pre-market trading after the company reported better-than-expected Q1 results and issued strong Q2 forecast.
The Trade Desk, Inc. (NASDAQ: TTD) rose 23.2 percent to $65.01 in pre-market trading after the company reported upbeat results for its first quarter. The company also issued strong second-quarter and FY18 sales guidance.
Immersion Corporation (NASDAQ: IMMR) rose 17 percent to $13.55 in pre-market trading after reporting upbeat Q1 results.
Akcea Therapeutics, Inc. (NASDAQ: AKCA) rose 13.8 percent to $23.50 in pre-market trading after the company disclosed that the FDA Advisory Committee voted in favor of WAYLIVRA for the treatment of familial chylomicronemia syndrome.
RXi Pharmaceuticals Corporation (NASDAQ: RXII) rose 9.4 percent to $2.45 in pre-market trading after the company disclosed a collaboration with Iovance Biotherapeutics.
ViewRay, Inc. (NASDAQ: VRAY) rose 13.7 percent to $8.80 in pre-market trading after reporting upbeat quarterly earnings.
ForeScout Technologies, Inc. (NASDAQ: FSCT) rose 5.6 percent to $32.00 in pre-market trading after falling 2.26 percent on Thursday.
Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares rose 5.6 percent to $9.30 in pre-market trading after reporting Q3 results.
Aflac Incorporated (NYSE: AFL) rose 4.7 percent to $47.50 in pre-market trading.
Clean Energy Fuels Corp. (NASDAQ: CLNE) rose 4.2 percent to $2.24 in pre-market trading following Q1 earnings.
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) shares rose 3.7 percent to $11.00 in pre-market trading after the company reported Q1 earnings.
Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.
- [By Lisa Levin]
MoSys, Inc. (NASDAQ: MOSY) shares were also up, gaining 21 percent to $1.84 after the company reported better-than-expected Q1 results and issued strong Q2 forecast.