49.15 +1.09 (2.27%)
After hours: 5:47PM EST
|Bid||48.55 x 2500|
|Ask||48.59 x 500|
|Day's range||45.70 - 48.24|
|52-week range||12.25 - 48.24|
|PE ratio (TTM)||N/A|
|Earnings date||20 Feb 2018 - 26 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||38.50|
Can anything dent Square’s rally? Shares of the payment processor are up 230% this year, which includes a 40% rise in the last month alone. That came as the company reported strong earnings, introduced ...
Investing.com – Bitcoin recorded a fresh all-time high on Monday, rising above $8,200 for the first time in its nine-year history amid ongoing bullish sentiment on the popular digital currency.
Few people get energized talking about the chips embedded in credit and debit cards, but it’s a favorite topic of Square’s Jesse Dorogusker. Dipping your chip card in the new readers still takes longer than the swipe payments of yore. “Speed matters, and we have a mild obsession with it,” says Dorogusker, who heads up Square’s hardware efforts.
Credit Suisse raises its price target for Square shares because of its opportunity in the digital currency market.
Kumar recently met with CFO Sarah Friar and left feeling more optimistic about Square’s ability to grow revenue at a fast pace. Kumar thinks the company will post revenue growth of 40% in 2018 and 35% in 2019, which is ahead of the 31% and 29%, respectively, that the average Wall Street analyst expects, according to FactSet. “This trend should continue,” thanks to products like the Square Register that are meant to appeal to somewhat bigger merchants who want to manage multiple aspects of their businesses on a single device.
On today's episode of the Zacks Friday Finish Line, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week's biggest stories, including Square's new bitcoin test, the survival of Dick's Sporting Goods, and Walmart's latest earnings results.
Evercore ISI upgraded shares of Square to outperform, citing the company's new lineup of payment technology and bitcoin prospects.
Square is allowing a “small number” of users of Square Cash, its mobile money-transfer service, to buy bitcoin directly from its smartphone app.
Square rose after the digital payment processor said it's adding a Bitcoin cryptocurrency buying option to its money-transfer service.
Square’s top-line growth gained momentum in 3Q17, leading the company to report revenues that far exceeded the high-end of its own guidance.
For the most part though, institutional investors have stayed away from bitcoin (BTC=BTSP), the original and largest cryptocurrency in terms of market capitalization, despite outperforming all the world's traditional currencies. "We're always listening to our customers and we've found that they are interested in using the Cash app to buy bitcoin," a company spokesperson said. "We believe cryptocurrency can greatly impact the ability of individuals to participate in the global financial system and we're excited to learn more here," Square said.
Investing.com - Jack Dorsey is famous for being the co-founder and CEO of Twitter, but it’s his other company, Square (NYSE:SQ), that’s really taken off. And although Twitter may be the more well-known company around the world, Square has actually overtaken it in terms of market cap, with Twitter valued at $15.7 billion, and Square valued at $17.6 billion. Twitter’s struggles are no secret. They have yet to post a profitable quarter and over the past 2 years, they have added only 23 million monthly average users, a drop in the bucket compared to Facebook’s 461 million new users in the same time span. Meanwhile, Square, the mobile payments processing company that Dorsey started in 2010, is really doing well. In Q3, revenue increased 45% year over year, and shares are now up around 260% in the past 12 months. Square sees itself as a payments innovator, and their latest move, which allows customers to buy, sell and store Bitcoin on its Square Cash app, could really prove to be a new source of growth and potentially drive the company to even greater success.
Nov.15 -- Mark Sebastian, managing partner at Option Pit, discusses his options strategy for Square Inc. with Bloomberg's Julie Hyman on "Bloomberg Markets."