|Bid||28.91 x 1400|
|Ask||28.92 x 1100|
|Day's range||28.35 - 29.38|
|52-week range||15.10 - 40.07|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||02 Dec 2020 - 07 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||30.62|
The stock market overall was hovering near the flatline on Wednesday morning, with the S&P 500 and Nasdaq indices both down by less than 0.2% as of 11:30am EDT. Specifically, Morgan Stanley downgraded Slack to "underweight" from "equal-weight," and set a $27 price target on the stock, which is lower than the current share price, even after today's downward move. In the analyst's note, Morgan Stanley referred to an intensifying competitive landscape, especially from Microsoft teams and Zoom.
(Bloomberg) -- Heather Bellini, a Goldman Sachs Group Inc. partner and top software and internet analyst, has been named chief financial officer at Deep Instinct, a cybersecurity software startup that is preparing for a future initial public offering.Deep Instinct, which aims to use artificial intelligence tools to prevent attacks, plans an IPO in 24 to 36 months, a spokesman said. Bellini, 50, has been a partner at Goldman since 2012, led its technology research group and has covered Alphabet Inc., Facebook Inc. and Microsoft Corp. Deep Instinct, which is based in Tel Aviv and New York, pointed to her experience covering the IPOs of more than 20 companies, including Facebook, Atlassian Inc., Dropbox Inc. and Slack Technologies Inc., as important given the company’s plans. “First priorities will be helping to put the financial and operational infrastructure in place to scale the business globally and set the company on the path to the public markets,” Bellini said. The company has raised more than $92 million from investors, including Nvidia GPU Ventures, Coatue Management and HP Tech Ventures, according to Crunchbase. Deep Instinct said it had a 400% increase in annual recurring revenue and a 300% increase in customers last year, while declining to provide specific numbers. This year, the company expects to double its annual recurring revenue. Its endpoint protection software uses deep learning techniques to predict and prevent malware from entering a system, or to detect it quickly and fix the issue. Bellini’s career as a technology analyst stretches back to the early 1990s and included stints at Oppenheimer, Lehman Brothers and International Strategy & Investment Group before arriving at Goldman. She is scheduled to start Jan. 1, replacing Naama Geva who will become Deep Instinct’s chief accounting officer.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
American industrialist Andrew Carnegie once said, "Put all your eggs in one basket, and watch that basket [closely]." Today, let's look at why a 5G network giant, a workplace social platform, and a coronavirus vaccine developer are among the top breakout stocks to buy now, and why you can feel confident devoting a large chunk of your portfolio to each one. Ciena (NYSE: CIEN) is one of the world's largest telecommunications companies, and boasts the largest global market share in network infrastructure, data centers, and software solutions.