27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
- JMP Securities analyst Patrick Walravens maintained Veritone Inc (NASDAQ:VERI) with a Market Outperform and raised the price target from $45 to $49, implying a 60.2% upside.
- Veritone reported third-quarter FY21 revenue growth of 44% year-on-year to $22.66 million, beating the consensus of $22.03 million.
- The growth reflected greater than 40% growth from its organic Software Products & Services and contributions from PandoLogic Ltd., the AI-enabled recruitment platform company acquired on September 14.
- Non-GAAP EPS loss of $(0.07) topped the consensus loss of $(0.11).
- "We acquired PandoLogic, which with just two weeks' contribution helped drive 44% top line growth year-over-year. Our integration is delivering synergies and providing us confidence to raise our full year 2021 revenue guidance, the midpoint of which represents over 80% growth compared to 2020," said Chad Steelberg, Chairman and CEO of Veritone.
- Outlook: Veritone sees Q4 revenue of $43.8 million - $45.3 million, above the consensus of $40.2 million.
- Veritone raised FY21 revenue outlook from $96.5 million - $103.5 million to $103.0 million - $105.5 million, above the consensus of $99.6 million.
- Price Action: VERI shares traded higher by 16.7% at $35.7 in the premarket session on the last check Wednesday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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