20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- BigCommerce Holdings Inc (NASDAQ:BIGC) reported third-quarter FY21 revenue growth of 49% year-on-year to $59.3 million, beating the consensus of $54.8 million.
- The total annual revenue run-rate (ARR) as of September 30 was $253.5 million, up 52% Y/Y.
- Subscription revenue was $42.1 million, up 59% Y/Y.
- The non-GAAP gross margin expanded 100 bps to 80%.
- Non-GAAP net loss per share of $(0.06) beat the consensus loss of $(0.14).
- "This rapid growth reflects the success of our Open SaaS platform in serving ever-larger enterprise customers, B2B and headless use cases and new European markets," said CEO Brent Bellm.
- The financial results also incorporate the acquisition of Feedonomics.
- The company held $410 million in cash and equivalents as of September 30, 2021.
- Outlook: BigCommerce sees Q4 revenue of $61.3 million - $61.7 million, above the consensus of $60.89 million.
- BigCommerce sees FY21 revenue of $216.2 million - $216.6 million (prior view $210.7 million - $211.7 million), above the consensus of $211.4 million.
- Analyst rating: Canaccord analyst David Hynes upgraded to Buy from Hold with an unchanged price target of $70, implying a 52.7% upside.
- Price Action: BIGC shares traded higher by 16.7% at $53.5 in the premarket session on the last check Friday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!