AppFolio (NASDAQ:APPF) Stock, Quote.Headers.trade-ideas

AppFolio

AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.

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Cloudflare, Inc. (NYSE: NET) shares gained more than 10% during Thursday&#39;s extended trading session after the company reported better-than-expected second-quarter results and raised guidance for full-year 2024.

Cloudflare Soars 10% on Q2 Earnings Beat, Raised Guidance

Penny Stocks

Small Cap

SABR

TWLO

Sabre Corporation (NASDAQ: SABR) shares were trading approximately 7% higher today after the travel technology solution provider reported better-than-expected second-quarter results and raised guidance for full-year 2024.

Sabre Soars 7% on Narrower Q2 Loss, Upbeat FY24 Guidance

LOGI

NVDA

Logitech International S.A. (NASDAQ: LOGI) started fiscal 2025 on a strong note by reporting better-than-expected results for the first quarter.

Logitech Q1 Earnings and Revenues Surpass Estimates

AppFolio Inc

<p><strong>Cloudflare, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) shares gained more than 10% during Thursday&#39;s extended trading session after the company reported better-than-expected second-quarter results and raised guidance for full-year 2024. The connectivity cloud services provider&#39;s second-quarter revenues and earnings marked significant year-over-year improvement as well.</p>
<p>Cloudflare reported non-GAAP earnings of 20 cents per share, which beat the Zacks Consensus Estimate of 14 cents. The bottom line also witnessed a robust surge of 100% from the year-ago quarter&#39;s level of 10 cents.</p>
<p>NET&#39;s second-quarter revenues of $401 million outpaced the consensus estimate of $394 million. The top line grew 30% from the year-ago reported figure of $308.5 million.</p>
<p>The robust top-line growth was aided by client wins and growing momentum among large enterprise customers, driven by the heightened need for stronger security and a zero-trust approach.</p>
<div class="chart_embed">
<h3>Cloudflare, Inc. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Cloudflare, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e1/1722593753.png" style="height:281px; width:610px" title="" /></h3>
<p>Cloudflare, Inc. price-consensus-eps-surprise-chart | Cloudflare, Inc. Quote</p>
</div>
<h3>Key Metrics</h3>
<p>The company&#39;s strong performance reflects its sustained focus on product innovation, a shift in its business model to subscription-based services, product development and continued investments in infrastructure expansion.</p>
<p>Region-wise, the United States accounted for 51% of NET&#39;s total revenues, while revenues from outside the United States made up the remaining 49%.</p>
<p>Cloudflare continued to win multiple customers in the first quarter. Its net dollar-based retention rate was 112%.</p>
<p>The company had 210,200 paying customers during the first quarter. The figure, which is the highest so far, rose 21% year over year.</p>
<p>NET added 168 new customers who contributed more than $100,000 in annual revenues. The total count of such customers reached 3,050 at the end of the quarter.</p>
<h3>Operating Details</h3>
<p>Cloudflare&#39;s non-GAAP gross profit increased 32% year over year to $316.6 million. The non-GAAP gross margin expanded 130 basis points (bps) year over year to 79%.</p>
<p>Non-GAAP operating expenses climbed 18.4% year over year to $259.7 million. As a percentage of revenues, non-GAAP operating expenses declined to 64.7% from the year-ago quarter&#39;s 71.1%.</p>
<p>Non-GAAP operating income for the quarter jumped to $57 million from $20.3 million in the year-ago quarter. Consequently, the non-GAAP operating margin expanded 760 bps year over year to 14.2%.</p>
<h3>Balance Sheet &amp; Cash Flow</h3>
<p>As of Jun 30, 2024, Cloudflare had cash, cash equivalents and available-for-sale securities of $1.76 billion, up from $1.71 billion as of Mar 31, 2024.</p>
<p>NET generated an operating cash flow of $74.8 million and a free cash flow of $38.3 million. As of Jun 30, 2024, the company had long-term operating lease liabilities of $112.5 million.</p>
<h3>FY24 Guidance Raised</h3>
<p>Buoyed by stronger-than-expected second-quarter performance, Cloudflare raised its guidance for full-year 2024. It now anticipates revenues in the range of $1.657-$1.659 billion, up from the previous guidance of $1.648-$1.652 billion. The Zacks Consensus Estimate for 2024 revenues is pegged at $1.65 billion, indicating year-over-year growth of 27.3%.</p>
<p>Cloudflare now expects non-GAAP income from operations in the range of $196-$198 million compared with the previous guidance range of $160-$164 million. It has also revised its non-GAAP net income per share guidance to 70-71 cents from the previous projection of 60-61 cents. The consensus mark for earnings is currently pegged at 62 cents per share, indicating an increase of 26.5% from 2023 earnings of 49 cents.</p>
<p>Additionally, Cloudflare initiated guidance for the third quarter. For the third quarter, the company expects its revenues to be in the range of $423-$424 million. It expects non-GAAP income from operations in the band of $50-$51 million and non-GAAP net income per share of 18 cents. The Zacks Consensus Estimate for third-quarter revenues and earnings currently stands at $423.6 million and 15 cents per share, respectively.</p>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
<p>Cloudflare currently carries a Zacks Rank #3 (Hold). Shares of NET have declined 10.6% year to date (YTD).</p>
<p>Some better-ranked stocks worth considering in the broader technology sector are <strong>Twilio</strong>, <strong>PayPal</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) and <strong>AppFolio</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>). Currently, Twilio and PayPal each sport a Zacks Rank #1 (Strong Buy), while AppFolio carries a Zacks Rank #2 (Buy).</p>
<p>The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, which indicates a 27.4% increase from 2023. The stock has plunged 25.8% YTD.</p>
<p>The Zacks Consensus Estimate for PayPal&#39;s 2024 earnings has been revised upward by 12 cents to $4.28 per share in the past seven days, which suggests a year-over-year decline of 16.1%. The stock has risen 6.4% YTD.</p>
<p>The Zacks Consensus Estimate for AppFolio&#39;s 2024 earnings has been revised upward by 16 cents to $4.14 per share in the past seven days, which implies an increase of 142.1% on a year-over-year basis. Shares of APPF have jumped 24.5% YTD.</p>
<p><a href="https://www.zacks.com/stock/news/2314995/cloudflare-net-soars-10-on-q2-earnings-beat-raised-guidance?cid=CS-BENZ-FT-analyst_blog|earnings_article-2314995">To read this article on Zacks.com click here.</a></p>


<p><strong>Sabre Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sabr#NASDAQ">SABR</a>) shares were trading approximately 7% higher today after the travel technology solution provider reported better-than-expected second-quarter results and raised guidance for full-year 2024.</p>
<p>Sabre reported an adjusted loss of 5 cents per share, narrower than the Zacks Consensus Estimate of a loss of 8 cents per share. Moreover, the figure was narrower than the year-ago quarter&#39;s loss of 17 cents per share. The year-over-year improvement in the bottom line reflects the benefits of increased revenues and cost-improvement implementations that lowered the company&#39;s technology and SG&amp;A expenses, partially offset by higher interest expenses.</p>
<p>Sabre reported revenues of $767.2 million, which surpassed the consensus mark of $750.1 million.&nbsp; The top line was 4% higher than $737.5 million in the year-ago period.</p>
<p>This year-over-year surge in the top line reflects a significant improvement in global air, hotel and other travel bookings. Additionally, the company&#39;s Travel Solutions division benefited from favorable rates as international and corporate bookings continued to improve. The company also registered a higher average booking fee and improved its cost structures.</p>
<div class="chart_embed">
<h3>Sabre Corporation Price, Consensus and EPS Surprise</h3>
<h3><img alt="Sabre Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/79/1722520797.png" style="height:282px; width:610px" title="" /></h3>
<p>Sabre Corporation price-consensus-eps-surprise-chart | Sabre Corporation Quote</p>
</div>
<h3>Quarter in Detail</h3>
<p>The Travel Solutions segment&#39;s revenues increased 4% year over year to $695 million. The growth in this segment was led by a rise in global hotel and other travel bookings. The segment also benefited from favorable rates from the travel supplier mix. Our model estimates for Travel Solutions revenues were pegged at $676.4 million, which indicated 0.8% year-over-year growth.</p>
<p>Distribution&#39;s (a sub-division of Travel Solutions) revenues improved 4% to $551 million. The distribution segment registered growth in the number of bookings and benefited from a favorable shift in the booking mix and higher average booking fees. Our model estimates for Distribution revenues were pegged at $532.6 million, which indicated 0.4% year-over-year growth.</p>
<p>IT Solutions&#39; (a sub-division of Travel Solutions) revenues were $144 million, up 3% year over year. The increase in performance was driven by a rise in other revenues and 5% growth in passengers boarded from existing partners, partially offset by a 7% decline in passengers boarded due to previously announced de-migrations. Our model estimates for IT Solutions&#39; revenues were pegged at $143.8 million, which indicated a 2.5% year-over-year decline.</p>
<p>The Hospitality Solutions segment&#39;s revenues were $83 million compared with the year-ago quarter&#39;s $77 million. This segment experienced a rise in central reservation system transactions caused by new customer inflow and a favorable mix within the customer base. Our model estimates for Hospitality Solutions revenues were pegged at $85.9 million, which implied 12.1% year-over-year growth.</p>
<p>Sabre reported an adjusted operating income of $107 million, significantly improving from the operating income of $46 million posted in the year-earlier period. Adjusted EBITDA improved from $73 million reported a year ago to $129 million.</p>
<h3>Balance Sheet and Cash Flow</h3>
<p>Sabre exited the June-end quarter with cash, cash equivalents and restricted cash of $633.7 million compared with the previous quarter&#39;s $650.2 million.</p>
<p>During the first quarter, it generated operating cash flow and free cash flow of $28 million and $8 million, respectively. In the first half of 2024, Sabre utilized cash of $40 million in operating activities and had a negative free cash flow of $88 million.</p>
<h3>Revised Financial Outlook</h3>
<p>Buoyed by better-than-expected second-quarter results, Sabre raised its guidance for full-year 2024. For the year, it now projects revenues of $3.05 billion, up from the previous guidance of $3.04 billion. The Zacks Consensus Estimate for 2024 revenues is pegged at $3.04 billion.</p>
<p>Adjusted EBITDA is now forecasted to be $525 million for full-year 2024 instead of the earlier projection of $520 million. Moreover, it continues to expect to generate positive free cash flow for the full year.</p>
<p>Additionally, Sabre initiated guidance for the third and fourth quarters. For the third quarter, the company anticipates revenues of approximately $775 million, which is higher than the Zacks Consensus Estimate of $770.8 million. It anticipates adjusted EBITDA of $135 million and also expects to have a positive free cash flow.</p>
<p>For the fourth quarter, SABR anticipates revenues of approximately $725 million. It anticipates adjusted EBITDA of $120 million and also expects to have a positive free cash flow.</p>
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
<p>Sabre currently carries a Zacks Rank #2 (Buy). Shares of SABR have plunged 22% year to date (YTD).</p>
<p>Some other top-ranked stocks worth considering in the broader technology sector are <strong>Twilio</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>), <strong>NVIDIA</strong>&nbsp;and <strong>AppFolio</strong>&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>). Currently, Twilio sports a Zacks Rank #1 (Strong Buy), while NVIDIA and AppFolio each carry a Zacks Rank #2.</p>
<p>The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, indicating a 27.4% increase from 2023. The stock has plunged 22% YTD.</p>
<p>The Zacks Consensus Estimate for NVIDIA&#39;s fiscal 2025 earnings has been revised upward by a penny to $2.69 per share in the past 30 days, suggesting year-over-year growth of 106.9%. The stock has declined 136.3% YTD.</p>
<p>The Zacks Consensus Estimate for AppFolio&#39;s 2024 earnings has been revised upward by 16 cents to $4.14 per share in the past seven days, indicating an increase of 142.1% on a year-over-year basis. Shares of APPF have jumped 27.9% YTD.</p>
<p><a href="https://www.zacks.com/stock/news/2314429/sabre-sabr-soars-7-on-narrower-q2-loss-upbeat-fy24-guidance?cid=CS-BENZ-FT-analyst_blog|earnings_article-2314429">To read this article on Zacks.com click here.</a></p>


<p>Keybanc  analyst Jason Celino   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $275 to $300.</p>


Price Target

Keybanc Maintains Overweight on AppFolio, Raises Price Target to $300

<p>DA Davidson  analyst Peter Heckmann   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Buy and raises the price target from $285 to $300.</p>


DA Davidson Maintains Buy on AppFolio, Raises Price Target to $300

<p>Piper Sandler  analyst Brent Bracelin   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $295 to $300.</p>


Piper Sandler Maintains Overweight on AppFolio, Raises Price Target to $300

<p><strong>Logitech International S.A.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/logi#NASDAQ">LOGI</a>)&nbsp;started fiscal 2025 on a strong note by reporting better-than-expected results for the first quarter. The computer peripheral and software maker&#39;s key metrics, including revenues and earnings, marked strong improvement on a year-over-year basis as well.</p>
<p>Logitech&#39;s fiscal first-quarter non-GAAP earnings of $1.13 per share beat the Zacks Consensus Estimate of 89 cents and registered a year-over-year increase of 74%. The company&#39;s bottom-line results mainly benefited from increased revenues and lower product costs and promotional costs, leading to gross margin expansion.</p>
<p>Logitech&#39;s first-quarter revenues of $1.1 billion outpaced the consensus mark of $1.03 billion. Moreover, the top line marked a year-over-year increase of 12% on a reported basis and 13% on a constant-currency basis, mainly driven by higher demand across key product categories and efficient inventory management.</p>
<div class="chart_embed">
<h3>Logitech International S.A. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Logitech International S.A. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d0/1721733721.png" style="height:265px; width:576px" title="" /></h3>
<p>Logitech International S.A. price-consensus-eps-surprise-chart | Logitech International S.A. Quote</p>
</div>
<h3>Segment Details</h3>
<p>Logitech registered sales growth across the majority of key product categories year over year. In the first quarter of fiscal 2024, LOGI reclassified its product segments by removing the Audio &amp; Wearable and Mobile Speakers categories and adding Headsets and Other categories.</p>
<p>Revenues from Keyboards &amp; Combos improved 19% year over year to $215.3 million, while Gaming revenues increased 16% year over year to $309.5 million. Our model estimates for Keyboards &amp; Combos and Gaming sales were pegged at $190.7 million and $281.7 million, respectively.</p>
<p>Revenues from the Headsets product category jumped 20% to $44.2 million, Pointing Devices grew 9% to $190 million, Tablet Accessories increased 12% to $78.5 million and Video Collaboration increased 6% to $147 million. Our model estimates for Headsets, Pointing Devices, Tablet Accessories and Video Collaboration were pegged at $37.8 million, $183.3 million, $74.8 million and $145.9 million, respectively.</p>
<p>On the other hand, Webcams declined 3% to $73 million and the Other category&#39;s revenues fell 1% to $30.7 million. Our estimates for Logitech&#39;s Webcams and Other category&#39;s first-quarter revenues were pegged at $77.1 million and $31.8 million, respectively.</p>
<h3>Margins &amp; Operating Metrics</h3>
<p>The non-GAAP gross profit jumped 24.1% to $466.3 million from $375.6 million reported in the year-ago quarter. The non-GAAP gross margin expanded 430 basis points (bps) from the prior-year quarter to 43.3%. The year-over-year increase was driven by lower product costs and reduced promotional activities.</p>
<p>Non-GAAP operating expenses increased 6.6% to $289 million. As a percentage of revenues, non-GAAP operating expenses declined 130 bps to 26.6%.</p>
<p>The non-GAAP operating income surged 67% to $182 million from $109 million reported in the year-ago quarter. The operating margin improved 560 bps to 16.8% from 11.2% in the year-ago quarter. The increase in the operating margin was mainly driven by improved gross margins, strong executions in operations and lowered spendings on promotional activities.</p>
<h3>Liquidity and Shareholder Return</h3>
<p>As of Jun 30, 2024, LOGI&#39;s cash and cash equivalents were $1.53 billion, up from $1.52 billion recorded in the previous quarter. Additionally, the company generated $176 million in cash from operational activities in the first quarter of fiscal 2025.</p>
<p>In the first quarter, the company repurchased shares worth $131 million but did not pay out dividends.</p>
<h3>Raised Fiscal 2025 Guidance</h3>
<p>Buoyed by stronger-than-expected first-quarter performance, Logitech raised its guidance for fiscal 2025. It now expects fiscal 2025 sales in the band of $4.34-$4.43 billion, up from the previous guidance of $4.3-$4.4 billion. The revised top-line projection reflects a year-over-year increase in the band of 1-3%, up from the earlier range of 0-2%. The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $4.35 billion.</p>
<p>Logitech also revised its projections of non-GAAP operating profit to $700-$730 million, up from the previous guidance of $685-$715 million. The updated guidance for operating income projects year-over-year growth of 0-4%, up from the previous guidance between a decline of 2% and an increase of 2%.</p>
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
<p>Logitech currently carries a Zacks Rank #2 (Buy). Shares of LOGI have lost 3.2% year to date (YTD).</p>
<p>Some other top-ranked stocks in the broader technology sector are <strong>NVIDIA</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), <strong>Appfolio</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) and <strong>Twilio</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for NVIDIA&#39;s fiscal 2025 earnings has been revised upward by a penny to $2.69 per share in the past seven days, suggesting year-over-year growth of 107%. The long-term estimated earnings growth rate for the stock is 37.6%. The stock has soared 149.2% YTD.</p>
<p>The Zacks Consensus Estimate for Appfolio&#39;s 2024 earnings has been revised downward by 2 cents to $3.98 per share in the past 60 days, indicating an increase of 132.8% on a year-over-year basis. Shares of APPF have jumped 55.7% YTD.</p>
<p>The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, indicating a 27.4% increase from 2023. It has a long-term earnings growth expectation of 33%. The stock has plunged 23.6% YTD.</p>
<p><a href="https://www.zacks.com/stock/news/2307114/logitech-logi-q1-earnings-and-revenues-surpass-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2307114">To read this article on Zacks.com click here.</a></p>


<p>Ratings for AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $278.67, a high estimate of $328.00, and a low estimate of $238.00. This current average reflects an increase of 9.28% from the previous average price target of $255.00. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721250088_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>The analysis of recent analyst actions sheds light on the perception of AppFolio by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexei Gogolev</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$328.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$295.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$295.00</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$241.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$238.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$264.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AppFolio. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AppFolio compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of AppFolio's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into AppFolio's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/APPF/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on AppFolio analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind AppFolio</h2>
<p>AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.</p>
<h3>Financial Milestones: AppFolio's Journey</h3>
<p><strong>Market Capitalization:</strong> With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> AppFolio's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately <strong>37.71%</strong>. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> AppFolio's net margin excels beyond industry benchmarks, reaching <strong>20.63%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>12.15%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>9.12%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.13</strong>, AppFolio adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Forecasting The Future: 6 Analyst Projections For AppFolio

<p>JP Morgan  analyst Alexei Gogolev   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $260 to $328.</p>


JP Morgan Maintains Overweight on AppFolio, Raises Price Target to $328

<p>Piper Sandler  analyst Brent Bracelin   maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and maintains $295 price target.</p>


Piper Sandler Maintains Overweight on AppFolio, Maintains $295 Price Target

<p>AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) has outperformed the market over the past 5 years by 6.76% on an annualized basis producing an average annual return of 20.16%. Currently, AppFolio has a market capitalization of $9.12 billion. </p>
<p><strong>Buying $1000 In APPF:</strong> If an investor had bought $1000 of APPF stock 5 years ago, it would be worth <strong>$2,483.13</strong> today based on a price of $251.71 for APPF at the time of writing.</p>
<h3>AppFolio's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1720805427_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning AppFolio Stock In The Last 5 Years

Livly Announces Strategic Partnership With AppFolio to Integrate Resident Experience Platform With Property Management Software, Setting New Standard for Multifamily Property Managers and Residents

<p>The Nasdaq 100 closed lower by over 1% on Monday. Investors, meanwhile, focused on some notable insider trades.</p>
<p>When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.</p>
<p>Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.</p>
<h3 class="wp-block-heading"><strong>AppFolio</strong></h3>
<ul>
<li><strong>The Trade: AppFolio, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) Director Maurice J Duca <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 11,746 shares</a> at an average price of $231.52. The insider received around $2.72 million from selling those shares.</li>
<li><strong>What's Happening:</strong> On June 10, Piper Sandler analyst Brent Bracelin initiated coverage on AppFolio with an Overweight rating and announced a price target of $295.</li>
<li><strong>What AppFolio Does:</strong> AppFolio Inc is a provider of cloud-based software solutions for real estate industry.</li>
</ul>
<p>Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage her</a>e</p>
<h3 class="wp-block-heading"><strong>SEI Investments</strong></h3>
<ul>
<li><strong>The Trade: SEI Investments Company </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) Director William Doran <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 5,000 shares</a> at an average price of $67.04. The insider received around $335,200 from selling those shares.</li>
<li><strong>What's Happening:</strong> On May 29, SEI declared a dividend of 46 cents per share.</li>
<li><strong>What SEI Investments Does:</strong> SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers.</li>
</ul>
<h3 class="wp-block-heading"><strong>Charles Schwab</strong></h3>
<ul>
<li><strong>The Trade: The Charles Schwab Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) Director Carolyn Schwab-Pomerantz <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,000 shares</a> at an average price of $72.49. The insider received around $652,373 from selling those shares.</li>
<li><strong>What's Happening:</strong> On June 17, Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained Charles Schwab with a Market Perform and maintained a $76 price target.</li>
<li><strong>What Charles Schwab Does:</strong> Charles Schwab operates in brokerage, wealth management, banking, and asset management.</li>
</ul>
<h3 class="wp-block-heading"><strong>Applied Materials</strong></h3>
<ul>
<li><strong>The Trade: Applied Materials, Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) Director Thomas J Iannotti <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,827 shares</a> at an average price of $236.65. The insider received around $2.3 million from selling those shares.</li>
<li><strong>What's Happening:</strong> On June 20, B. Riley Securities analyst Craig Ellis maintained Applied Materials with a Buy and raised the price target from $255 to $300.</li>
<li><strong>What Applied Materials Does:</strong> Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world.</li>
</ul>
<p>Check This Out: <a href="https://www.benzinga.com/news/24/06/39477090/this-cloudflare-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-tuesday">This Cloudflare Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday</a></p>


Short Ideas

Insider Trades

Pre-Market Outlook

AMAT

SCHW

SEIC

Charles Schwab, Applied Materials And 2 Other Stocks Insiders Are Selling

AppFolio Announces Innovations To Advance Real Estate Technology; New Capabilities In AppFolio Realm-X, Enhancements To Student And Affordable Housing Solutions, And New AppFolio Stack Marketplace Partners

<p><strong>AppFolio</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) is constantly striving to retain its leading position in the U.S. property management software market and is leveraging AI to streamline the customer onboarding process.</p>
<p>APPF aims to capture customers through the launch of innovative products, and its growth strategy involves migrating customers that use similar products in the market.</p>
<p>AppFolio has gained 33.5% in the year-to-date period, outperforming the Zacks Internet-Software Industry, which has returned 11.6% in the same timeframe.</p>
<p>This Zacks Rank #1 (Strong Buy) stock has a Growth Style Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology.</p>
<div class="chart_embed">
<h3>AppFolio, Inc. Price and Consensus</h3>
<h3><img alt="AppFolio, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/af/1718113231.png" style="height:276px; width:610px" title="" /></h3>
<p>AppFolio, Inc. price-consensus-chart | AppFolio, Inc. Quote</p>
</div>
<h3>Robust Portfolio Boosts Competitive Prowess</h3>
<p>APPF provides a range of property management services through AppFolio Property Manager Core, Plus and Max. It offers some value-added services, including online transaction services for property managers, tenant screening services and event insurance services to renters and landlords.</p>
<p>AppFolio operates in a range of verticals and has numerous competitors. The company competes with Entrata, RealPage, Buildium and Yardi in the property management software space. APPF also competes with <strong>TransUnion</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tru#NYSE">TRU</a>) Smartmove, RentSpree and TurboTenant in the tenant screening market space.</p>
<p>AppFolio has many advantages over its competitors. For instance, while customers may use TransUnion Smartmove for tenant screening, to get a holistic tenancy management that involves tenant and lease tracking, communication tools for tenant interaction and lease management, including renewal and reminders, they need APPF or other property management software.</p>
<h3>AppFolio leverages AI for Smoother Customer Migrations</h3>
<p>The customers of property management software companies include land owners, real estate investors, housing associations, property managers, and rental managers. These customers are often dissuaded by the lengthy onboarding process, which involves manual data migration and system setup, which makes them reluctant to switch from one property management software to another.</p>
<p>After the integration of AI into its platform, the company has been able to migrate customers 22% faster than before by using generative AI. Currently, APPF&#39;s property management software holds the largest market in the U.S., according to a report by 6sense.</p>
<p>The recent addition of generative AI features in AppFolio&#39;s software enables customers to input their financial, business and other foundational data into the platform at their own pace. The platform now leverages a conversational AI assistant, Realm-X, to reduce repetitive tasks, complete tasks and resolve queries.</p>
<p>This new addition to the platform is in line with AppFolio&#39;s long history of automating customer&#39;s tasks to improve experience. In the past, APPF had partnered with <strong>DocuSign</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/docu#NASDAQ">DOCU</a>) and <strong>AvidXchange</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avdx#NASDAQ">AVDX</a>) to streamline its customer experience.</p>
<p>AppFolio partnered with DocuSign in 2021 to automate and streamline its signing process through electronic signature. APPF partnered with AvidXchange to streamline the processing of invoices and payments.</p>
<p>APPF&#39;s persistent efforts to improve its offerings have contributed to its customer base, which grew 6% year over year to 19,941 customers in the first quarter of 2024.</p>
<h3>Conclusion</h3>
<p>AppFolio&#39;s focus on generative AI investments bodes well in the long term. APPF anticipates to grow at this pace, as reflected in its fiscal 2024 outlook. The company projects its revenues to be in the range of $766 million to $774 million.</p>
<p>The Zacks consensus estimate for the same has been pegged at $773.8 million, indicating year-over-year growth of 24.7%. AppFolio&#39;s earnings for fiscal 2024 has been revised upwards by 16 cents from $3.84 to $4 in the past 60 days.</p>
<p>The Zacks Consensus Estimate for earnings for fiscal 2024 is pegged at $4, indicating year-over-year growth of 134%. AppFolio&#39;s earnings for fiscal 2024 have been revised upward by 16 cents, from $3.84 to $4 in the past 60 days.</p>
<p><a href="https://www.zacks.com/stock/news/2286826/why-you-should-add-appfolio-appf-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2286826">To read this article on Zacks.com click here.</a></p>


AVDX

DOCU

Why You Should Add AppFolio Stock to Your Portfolio Now

<p>Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) in the last three months.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $262.6, a high estimate of $295.00, and a low estimate of $238.00. Marking an increase of 7.48%, the current average surpasses the previous average price target of $244.33. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1718053237_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive AppFolio. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$295.00</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$241.00</td>
<td>-</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$238.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$264.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$264.00</td>
<td>$254.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to AppFolio. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of AppFolio compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for AppFolio's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>To gain a panoramic view of AppFolio's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/APPF/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on AppFolio analyst ratings.</strong></a></p>
<h2>About AppFolio</h2>
<p>AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.</p>
<h3>Financial Milestones: AppFolio's Journey</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Revenue Growth:</strong> AppFolio's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of <strong>37.71%</strong>. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.</p>
<p><strong>Net Margin:</strong> AppFolio's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>20.63%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> AppFolio's ROE excels beyond industry benchmarks, reaching <strong>12.15%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>9.12%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> AppFolio's debt-to-equity ratio is below the industry average at <strong>0.13</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Evaluating AppFolio: Insights From 5 Financial Analysts

<p>Piper Sandler  analyst Brent Bracelin   initiates coverage on AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight rating and announces Price Target of $295.</p>


Initiation

Piper Sandler Initiates Coverage On AppFolio with Overweight Rating, Announces Price Target of $295

<p><strong>Science Applications International Corporation</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saic#NASDAQ">SAIC</a>) shares plunged 11.8% on Monday after the company reported lower-than-expected bottom-line results for the first quarter of fiscal 2025. The company reported first-quarter adjusted earnings of $1.92 per share, which missed the Zacks Consensus Estimate by a penny.</p>
<p>The bottom line decreased 20% year over year due to a decline in revenues, increased internal investment and program performance milestones being weighted to the second half of the year. This was partially offset by a lower tax rate and a roughly 5% reduction in the weighted average share count.</p>
<p>Revenues declined 9% year over year to $1.85 billion but surpassed the consensus mark of $1.84 billion. The year-over-year decrease was due to the sale of the logistics and supply chain management division. The downside was partially offset by a ramp-up in existing and new contracts. Nevertheless, the top line increased 0.4% when adjusted for the impact of the logistics and supply chain management division&#39;s divestiture.</p>
<p>Adjusted EBITDA was $166 million, down 12% year over year. The adjusted EBITDA margin contracted 30 basis points (bps) on a year-over-year basis to 9%.</p>
<div class="chart_embed">
<h3>Science Applications International Corporation Price, Consensus and EPS Surprise</h3>
<p><a href="https://www.zacks.com/stock/chart/SAIC/price-consensus-eps-surprise-chart?icid=chart-SAIC-price-consensus-eps-surprise-chart"><img alt="Science Applications International Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/77/1717504649.png" style="height:279px; width:610px" title="" /> </a></p>
<p>Science Applications International Corporation price-consensus-eps-surprise-chart | Science Applications International Corporation Quote</p>
</div>
<p>Effective Feb 3, 2024, Science Applications reorganized its business structure and replaced the previous two operations with five new customer-facing business groups, supported by enterprise organizations, such as the Innovation Factory.</p>
<p>The five groups representing SAIC&#39;s operating segments have been combined into two reportable segments, Defense and Intelligence, and Civilian, based on their similar economic and qualitative characteristics and the nature of the customers.</p>
<h3>Quarter in Detail</h3>
<p>Net bookings for the fiscal first quarter were $2.6 billion, reflecting a book-to-bill ratio of 1.4. SAIC&#39;s estimated backlog of signed business deals was $23.6 billion at the end of the fiscal first quarter, of which $3.46 billion was funded.</p>
<p>Selling, general and administrative (SG&amp;A) expenses marginally increased 1.2% to $85 million. SG&amp;A expenses, as a percentage of revenues, rose to 4.6% from 4.1% in the year-ago quarter.</p>
<p>Non-GAAP operating income plunged 16.6% year over year to $131 million and the non-GAAP operating margin contracted 30 bps year over year to 8.6%.</p>
<h3>Balance Sheet &amp; Cash Flow Details</h3>
<p>Science Applications ended the fiscal first quarter with cash and cash equivalents of $49 million, down from the previous quarter&#39;s $94 million.</p>
<p>As of May 3, 2024, Science Applications&#39; long-term debt (net of the current portion) was $1.99 billion compared with $2.02 billion as of Feb 2, 2024.</p>
<p>The company generated operating and free cash flows of $98 million and $13 million, respectively, in the fiscal first quarter.</p>
<h3>FY25 Guidance Update</h3>
<p>Science Applications reiterated its fiscal 2025 guidance. The company projects its fiscal 2025 revenues in the range of $7.35-$7.50 billion. SAIC expects adjusted earnings in the range of $8-$8.20 per share. The Zacks Consensus Estimate for fiscal 2025 revenues and non-GAAP earnings is pegged at $7.45 billion and $8.11 per share, respectively.</p>
<p>It projects adjusted EBITDA in the $680-$700 million band and the adjusted EBITDA margin in the range of 9.2-9.4%. It projects to generate free cash flow in the band of $490-$510 million.</p>
<h3>Zacks Rank and Stocks to Consider</h3>
<p>Currently, Science Applications carries a Zacks Rank #3 (Hold). Shares of SAIC have lost 4.4% in the year-to-date period.</p>
<p>Some better-ranked stocks from the broader technology sector are <strong>AppFolio </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>), <strong>Arista Networks</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) and <strong>Alphabet</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.</p>
<p>The Zacks Consensus Estimate for AppFolio&#39;s 2024 EPS has been revised upward by 3 cents to $4 in the past 30 days. Shares of APPF have jumped 31.3% in the year-to-date period.</p>
<p>The Zacks Consensus Estimate for ANET&#39;s 2024 EPS has been revised upward by 43 cents to $7.92 in the past 30 days. Shares of ANET have climbed 25.9% in the year-to-date period.</p>
<p>The Zacks Consensus Estimate for Alphabet&#39;s 2024 EPS has been revised upward by 9 cents to $7.61 in the past 30 days. Shares of GOOGL have gained 24% in the year-to-date period.</p>
<p><a href="https://www.zacks.com/stock/news/2283439/science-applications-saic-q1-earnings-miss-shares-fall-12?cid=CS-BENZ-FT-analyst_blog|earnings_article-2283439">To read this article on Zacks.com click here.</a></p>


Earnings Misses

ANET

GOOGL

SAIC

Science Applications Q1 Earnings Miss, Shares Fall 12%

<p><strong>Intuit</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) reported fiscal third-quarter 2024 non-GAAP earnings of $9.88 per share, which beat the Zacks Consensus Estimate by 5.78%. The bottom line jumped 11% from the year-ago quarter.<br />
Revenues of $6.73 billion beat the consensus mark by 1.54% and increased 12% year over year.</p>
<div class="chart_embed">
<h3>Intuit Inc. Price, Consensus and EPS Surprise</h3>
<p><a href="https://www.zacks.com/stock/chart/INTU/price-consensus-eps-surprise-chart?icid=chart-INTU-price-consensus-eps-surprise-chart"><img alt="Intuit Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/cf/1716556856.png" style="height:280px; width:620px" title="" /> </a></p>
<p>Intuit Inc. price-consensus-eps-surprise-chart | Intuit Inc. Quote</p>
</div>
<h3>Quarter Details</h3>
<p>Small Business and Self-Employed Group revenues (35.4% of total revenues) grew 18% year over year to $2.38 billion.<br />
Within the segment, total Online Ecosystem revenues climbed 19% year over year to $1.8 billion.<br />
QuickBooks Online Accounting revenues were up 19% year over year to $860 million, driven primarily by customer growth, higher effective prices and a mix-shift to INTU&#39;s full-service offering.<br />
Online Services revenues, which include payroll, payments, time tracking and capital, jumped 20% year over year to $894 million. This was driven by strong performances of Mailchimp, QuickBooks Online Payroll and QuickBooks Online payments solutions.<br />
Total international online revenues increased 12% year over year on a constant-currency basis.<br />
Total Desktop Ecosystem revenues rose 14.5% year over year during the reported quarter to $633 million.<br />
Revenues from Consumer Group (54.2% of total revenues) increased 9.3% to $3.65 billion.<br />
Further, ProTax Group&#39;s professional tax revenues (3.8% of total revenues) rose 3.3% year over year to $254 million.<br />
The Credit Karma business contributed $443 million to Intuit&#39;s fiscal third-quarter total revenues, which increased 8% year over year, driven by strength in Credit Karma Money, credit cards, auto insurance and personal loans.<br />
Intuit&#39;s non-GAAP operating income climbed 10.5% to $3.71 billion. Non-GAAP operating margin contracted 70 basis points to 55.1% year over year.</p>
<h3>Balance Sheet and Cash Flow</h3>
<p>As of Apr 30, 2024, Intuit&#39;s cash and investments were $4.7 billion compared with $1.48 billion as of Jan 31, 2024. The company exited the fiscal third quarter with a long-term debt of $5.952 billion.<br />
Intuit repurchased $584 million of shares, with $2.1 billion remaining on the company&#39;s share repurchase authorization.<br />
INTU announced that its board approved a quarterly dividend of 90 cents per share to be paid on Jul 18, 2024. The newly approved dividend represents a year-over-year increase of 15%.</p>
<h3>Outlook</h3>
<p>For the fiscal fourth quarter of 2024, INTU expects revenues to grow between 13% and 14% on a year-over-year basis to the band of $3.063-$3.099 billion. Non-GAAP earnings for the quarter are estimated in the range of $1.80-$1.85 per share.<br />
The company anticipates fiscal fourth quarter non-GAAP operating income between $688 million and $708 million.<br />
Intuit projects fiscal 2024 revenues in the band of $16.164-$16.2 billion, indicating 13% growth.<br />
The company anticipates non-GAAP operating income between $6.36 billion and $6.38 billion.<br />
Intuit expects fiscal 2024 non-GAAP earnings per share between $16.79 and $16.84.</p>
<h3>Zacks Rank &amp; Other Key Picks</h3>
<p>Intuit carries a Zacks Rank #2 (Buy) at present. Shares of INTU have gained 6% in the year-to-date period.<br />
Some other top-ranked stocks from the broader Computer and Technology sector are <strong>AppFolio </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>), <strong>Arista Networks </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) and <strong>Alphabet</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.<br />
The Zacks Consensus Estimate for AppFolio&#39;s 2024 EPS has been revised upward by 13 cents to $3.97 in the past 30 days. Shares of APPF have surged 78.7% in the past year.<br />
The Zacks Consensus Estimate for ANET&#39;s 2024 EPS has been revised upward by 43 cents to $7.92 in the past 30 days. Shares of Arista Networks have surged 125.7% in the past year.<br />
The Zacks Consensus Estimate for Alphabet&#39;s 2024 EPS has been revised upward by 80 cents to $7.57 in the past 30 days. Shares of GOOGL have jumped 45.1% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2278829/intuit-intu-q3-earnings-beat-estimates-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2278829">To read this article on Zacks.com click here.</a></p>


INTU

Intuit Q3 Earnings Beat Estimates, Revenues Rise Y/Y

<p><strong>Alexander Wolf</strong>, Board Member at <strong>AppFolio</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>), reported an insider sell on May 15, according to a new SEC filing. </p>
<p><strong>What Happened:</strong> According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001433195/000143319524000069//Archives/edgar/data/1433195/000143319524000069/0001433195-24-000069-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Wolf sold 10,000 shares of <strong>AppFolio</strong>. The total transaction value is $2,502,600.</p>
<p>During Thursday's morning session, <strong>AppFolio</strong> shares down by 0.13%, currently priced at $249.54.</p>
<h3>Get to Know AppFolio Better</h3>
<p>AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.</p>
<h3>Unraveling the Financial Story of AppFolio</h3>
<p><strong>Revenue Growth:</strong> AppFolio displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately <strong>37.71%</strong>. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Holistic Profitability Examination:</strong></p>
<ul>
<li>
<p><strong>Gross Margin:</strong> With a low gross margin of <strong>65.51%</strong>, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.</p>
</li>
<li>
<p><strong>Earnings per Share (EPS):</strong> AppFolio's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of <strong>1.07</strong>.</p>
</li>
</ul>
<p><strong>Debt Management:</strong> AppFolio's debt-to-equity ratio is below the industry average at <strong>0.13</strong>, reflecting a lower dependency on debt financing and a more conservative financial approach.</p>
<p><strong>Navigating Market Valuation:</strong></p>
<ul>
<li>
<p><strong>Price to Earnings (P/E) Ratio:</strong> AppFolio's P/E ratio of <strong>118.42</strong> is below the industry average, suggesting the stock may be undervalued.</p>
</li>
<li>
<p><strong>Price to Sales (P/S) Ratio:</strong> A higher-than-average P/S ratio of <strong>13.66</strong> suggests overvaluation in the eyes of investors, considering sales performance.</p>
</li>
<li>
<p><strong>EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization):</strong> The company's EV/EBITDA ratio <strong>100.43</strong> is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.</p>
</li>
</ul>
<p><strong>Market Capitalization Perspectives:</strong> The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.</p>
<p><a href="https://www.schwab.com/brokerage?aff=XEC"><em>Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</em></a></p>
<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
<p>In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.</p>
<p>When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.</p>
<p>A new purchase by a company insider is a indication that they anticipate the stock will rise.</p>
<p>On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.</p>
<h3>A Closer Look at Important Transaction Codes</h3>
<p>In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A <strong>P</strong> in Box 3 indicates a purchase, while <strong>S</strong> signifies a sale. Transaction code <strong>C</strong> signals the conversion of an option, and transaction code <strong>A</strong> denotes a grant, award, or other acquisition of securities from the company.</p>
<p><a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001433195"><strong>Check Out The Full List Of AppFolio's Insider Trades.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


AppFolio Board Member Trades $2.50M In Company Stock

<p>Shares of <strong>Aon plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) fell sharply during Friday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/AON/earnings">quarterly financial results</a>.</p>
<p>Aon posted adjusted earnings of $5.66 per share, missing market estimates of $5.91 per share. The company's sales came in at $4.070 billion versus expectations of $4.126 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</p>
<p>Aon shares dipped 7.4% to $283.19 on Friday.</p>
<p>Here are some other stocks moving in today&#8217;s mid-day session.</p>
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li><strong>Biodexa Pharmaceuticals Plc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares jumped 73.3% to $1.2475 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.</li>
<li><strong>Pineapple Energy Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 63% to $0.0845.</li>
<li><strong>NewGenIvf Group Limited</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares gained 55% to $2.01 after dipping 16% on Thursday.</li>
<li><strong>Universal Logistics Holdings, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) surged 45.2% to $47.76 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Focus Universal Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) jumped 40% to $0.3967 after the company announced board approval for the spin-off of Lusher.</li>
<li><strong>BranchOut Food Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) gained 37% to $2.68.</li>
<li><strong>Concord Medical Services Holdings Limited</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) gained 29% to $0.6502. Concord Medical filed 2023 annual report on Form 20-F.</li>
<li><strong>Exponent, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPO#NASDAQ">EXPO</a>) shares climbed 28.5% to $102.41 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Skillsoft Corp</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) climbed 26.4% to $8.60.</li>
<li><strong>MultiMetaVerse Holdings Limited</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) gained 24.2% to $0.61.</li>
<li><strong>Snap Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) gained 23% to $14.02 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company reported a year-over-year increase in quarterly daily active users.</li>
<li><strong>Tutor Perini Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) surged 22.2% to $16.98 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance.</li>
<li><strong>Sunshine Biopharma, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) surged 22.2% to $0.9888.</li>
<li><strong>U.S. Silica Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) gained 20% to $15.67 after the company reported first-quarter financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.</li>
<li><strong>Earlyworks Co., Ltd </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) rose 19.7% to $0.8725 after gaining 19% on Thursday.</li>
<li><strong>Cullinan Therapeutics, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) surged 19.5% to $23.03.</li>
<li><strong>Tevogen Bio Holdings Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) shares gained 19.3% to $1.0150 after falling over 43% on Thursday.</li>
<li><strong>ATRenew Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) surged 18.9% to $1.9150. ATRenew announced appointment of new director.</li>
<li><strong>ZIM Integrated Shipping Services Ltd</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) gained 17.5% to $13.39.</li>
<li><strong>Freight Technologies, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) climbed 17% to $1.0702 after gaining 5% on Thursday.</li>
<li><strong>Skechers U.S.A., Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) shares gained 16% to $68.20 after the company reported better-than-expected first-quarter FY24 earnings.</li>
<li><strong>AppFolio, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) surged 16% to $251.22 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li><strong>Newell Brands Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) gained 15% to $7.97 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li><strong>ResMed Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) shares rose 13.7% to $208.63 after the company reported better-than-expected third-quarter financial results.</li>
<li><strong>Rogers Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROG#NYSE">ROG</a>) surged 12.7% to $123.46 after the company beat first-quarter EPS and sales estimates.</li>
<li><strong>iLearningEngines, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) gained 11.3% to $7.92</li>
<li><strong>Alphabet Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) rose 10.6% to $172.52 the company posted upbeat results for its first quarter. Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.</li>
<li><strong>Kratos Defense &amp; Security Solutions, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) gained 8.8% to $18.80 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $20 to $27.</li>
<li><strong>AutoNation, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) climbed 8.6% to $174.20 following second-quarter results.</li>
<li><strong>Kintara Therapeutics, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) shares gained 8.4% to $0.8725 after gaining 15% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li><strong>iClick Interactive Asia Group Limited</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) shares fell 48.8% to $1.31 after the company announced the termination of its merger agreement.</li>
<li><strong>Nuwellis, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) fell 46.7% to $0.1540 after the company reported pricing of $2.7 million public offering.</li>
<li><strong>Safe &amp; Green Holdings Corp</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 27.7% to $0.1584.</li>
<li><strong>E-Home Household Service Holdings Limited</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) dipped 25.3% to $0.5752.</li>
<li><strong>Nature Wood Group Limited</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWGL#NASDAQ">NWGL</a>) fell 24.5% to $12.71.</li>
<li><strong>IMAC Holdings, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BACK#NASDAQ">BACK</a>) dipped 22.9% to $3.93.</li>
<li><strong>reAlpha Tech Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) fell 20.8% to $1.10.</li>
<li><strong>ZyVersa Therapeutics, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVSA#NASDAQ">ZVSA</a>) fell 19.3% to $4.84.</li>
<li><strong>Saia, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) dipped 19.1% to $439.40 after the company reported worse-than-expected first-quarter financial results.</li>
<li><strong>Kinsale Capital Group, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) fell 17.3% to $374.29 following first-quarter results.</li>
<li><strong>Aclarion, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) fell 15.5% to $0.3319. Aclarion shares jumped 36% on Thursday after the company announced that its Nociscan solution will be used in the upcoming LIFEHAB trial evaluating the diagnosis and treatment of chronic low back pain.</li>
<li><strong>Oil States International, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) fell 15% to $4.5250 after the company reported worse-than-expected first-quarter financial results.</li>
<li><strong>Boyd Gaming Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) shares declined 14.8% to $53.55 after the company reported worse-than-expected first-quarter adjusted EPS results.</li>
<li><strong>Avenue Therapeutics, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 13.5% to $7.59.</li>
<li><strong>Chicken Soup for the Soul Entertainment, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) fell 12.7% to $0.2260 after dipping 39% on Thursday. Chicken Soup For The Soul Entertainment received delinquency letter from the Nasdaq.</li>
<li><strong>TriNet Group, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) fell 11.5% to $112.11 after the company reported worse-than-expected first-quarter results and issued weak guidance.</li>
<li><strong>Intel Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares fell 11.1% to $31.23 after the company reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates.</li>
<li><strong>Accolade, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) dipped 10.6% to $8.22 following quarterly results.</li>
<li><strong>XPO, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) fell 10.2% to $106.14.</li>
<li><strong>Atlassian Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares fell 9.4% to $179.76 after the company reported third-quarter financial results. Atlassian said Scott Farquhar has decided to step down from his role as co-CEO, effective Aug. 31. Cannon-Brookes will continue to lead Atlassian as CEO.</li>
<li><strong>Vincerx Pharma, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) shares fell 8.8% to $0.8180 after the company announced pricing of underwritten public offering of common stock and warrants.</li>
<li><strong>SCWorx Corp</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) fell 8.7% to $2.52 after surging 36% on Thursday.   </li>
<li><strong>ACM Research, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) fell 8.3% to $25.94 after announcing preliminary unaudited revenue and shipments for the first quarter.</li>
<li><strong>Roku, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares fell 8.2% to $57.63 after the company reported first-quarter financial results.</li>
<li><strong>Processa Pharmaceuticals, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) fell 7.8% to $2.52. Processa Pharmaceuticals shares jumped 50% on Thursday after HC Wainwright &amp; Co initiated coverage on the stock with a Buy rating and announced an $8 price target.</li>
<li><strong>Red Rock Resorts, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) dipped 7.4% to $54.83.</li>
<li><strong>ArcBest Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 7.3% to $128.07.</li>
<li><strong>Allison Transmission Holdings, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) fell 6.6% to $74.97 following first-quarter results.</li>
<li><strong>Old Dominion Freight Line, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) fell 6.2% to $184.41.</li>
<li><strong>DexCom, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) shares declined 6.3% to $129.17 after the company reported first-quarter financial results.</li>
<li><strong>Exxon Mobil Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) fell 4% to $116.44 following weak earnings.</li>
</ul>
<p>Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38459594/how-to-earn-500-a-month-from-dominos-pizza-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Domino&#8217;s Pizza Stock Ahead Of Q1 Earnings</a></p>


Intraday Update

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ACCD

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AILE

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ATXI

BACK

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GOOG

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Kintara Therapeutics, Inc. - Common Stock

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Eaton Vance Massachusetts Municipal Income Trust

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Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session

AppFolio, Inc. (APPF) Q2 2024 Earnings Call Transcript

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>AppFolio</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/appf-stock-quote/"><strong>APPF</strong></a></span>) just reported results for the second quarter of 2024.</p><ul><li>AppFolio reported earnings per share of $1.12. This was above the analyst estimate for EPS of 96 cents.</li><li>The company reported revenue of $197.38 million.</li><li>This was 3.57% better than the analyst estimate for revenue of $190.57 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><p>The post <a href="https://investorplace.com/earning-results/2024/07/appf-stock-earnings-appfolio-for-q2-of-2024/">APPF Stock Earnings: AppFolio Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

APPF Stock Earnings: AppFolio Beats EPS, Beats Revenue for Q2 2024

In a report released yesterday, Ryan Tomasello from KBW maintained a Hold rating on AppFolio (APPF – Research Report), with a price target of $238....

KBW Sticks to Their Hold Rating for AppFolio (APPF)

In a report released today, Gil Luria from D.A. Davidson reiterated a Buy rating on AppFolio (APPF – Research Report), with a price target of $300....

D.A. Davidson Sticks to Their Buy Rating for AppFolio (APPF)

Vertical Market Software Trends And Constellation's Mega Deals

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Investors must always balance growth and stability in their portfolios. While employing defensive positions is essential, deploying capital in high-growth sectors like technology can be a formula that accelerates growth. This strategy adds an extra boost to portfolio returns. However, picking top <a href="https://investorplace.com/industries/technology/">tech stocks</a> randomly is a recipe for disaster.</p>



<p>As an investor, you must carefully curate your choices, consider their strengths, and determine if experts agree with your assessment. To that end, I&rsquo;ll discuss three top tech stocks with the potential for robust profits so you can determine whether they fit your investment strategy. Of course, just showing them isn&rsquo;t enough; I&rsquo;ll show you how I came up with the list.&nbsp;</p>



<p>First, I screened the market for tech stocks exhibiting the following criteria:&nbsp;</p>



<ul><li><strong>Analyst Rating:</strong> Minimum strong buy rating from analysts,</li>



<li><strong>Analyst Coverage: </strong>Eight to sixteen analysts covering the stock. I wanted to get well-covered stocks, but not exceedingly popular ones,</li>



<li><strong>Revenue Growth: </strong>30% or more in its last annual report,</li>



<li><strong>Gross Profit Growth:</strong> 30% or more in its last annual report,</li>



<li><strong>Trading Price:</strong> More than $10.&nbsp;</li>
</ul><p>This stringent screen yielded a handful of companies. I arranged them from highest to lowest based on their revenue growth, and here are the results.</p>



<h2>Evolent Health (EVH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/doctor_medicine_dna_1600-300x169.jpg" alt="Various graphical representations of medical imagery are shown in front of a doctor using a tablet computer. DNA stock"><div>Source: Shutterstock / PopTika</div></div><p>While the company may look like a healthcare stock at first glance, <strong>Evolent Health</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/evh-stock-quote/"><strong>EVH</strong></a></span>) provides tech services that connects care companies and patients. Evolent recently penned a <a href="https://ir.evolent.com/2024-06-04-Evolent-signs-agreement-to-acquire-artificial-intelligence-utilization-management-products-and-team-from-Machinify">partnership</a> with <strong>Machinify</strong> for exclusive assets, including a royalty-free license for Machinify Auth, an AI-powered platform that accelerates medical authorization.&nbsp;</p>



<p>The company&rsquo;s efforts are evident in their recent financials. </p>



<p>In 2023, Evolent reported an impressive <a href="https://ir.evolent.com/2024-02-22-Evolent-Announces-Fourth-Quarter-and-Full-Year-2023-Results">45% year-over-year</a> (YOY) revenue increase from $1.35 billion to $1.96 billion. <a href="https://finance.yahoo.com/quote/EVH/financials/">Gross profits</a> also increased by 45%.&nbsp;Evolent also secured four revenue-generating agreements for the year, leading to management upping 2024&rsquo;s revenue guidance to $2.5 billion on the high end, representing a potential 21% YOY increase.&nbsp;</p>



<p>That said, operating expenses increased YOY, attributed to improved products and services.</p>



<p>With its improving financials, excellent outlook, and solid plans, Wall Street rates EVH stock as a &ldquo;<a href="https://www.nasdaq.com/market-activity/stocks/evh/analyst-research">Strong Buy</a>.&rdquo; Investors looking for top tech stocks might want to watch EVH.&nbsp;</p>



<h2>Astera Labs (ALAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/alab1600-1-300x169.png" alt="Person holding smartphone with logo of U.S. semiconductor company Astera Labs Inc. (ALAB) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div><p><strong>Astera Labs </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/alab-stock-quote/"><strong>ALAB</strong></a></span>) offers semiconductor-based connectivity solutions used in artificial intelligence and cloud infrastructure. The company&rsquo;s Intelligent Connectivity Platform comprises semiconductor-based, mixed-signal, and high-speed connectivity products that integrate its software suite, microcontrollers, and sensors built from the ground up to support both cloud and AI infrastructures. Astera Labs recently demonstrated its <a href="https://www.asteralabs.com/news/astera-labs-announces-financial-results-for-the-first-quarter-of-fiscal-year-2024/">GPU clusters</a> intended to support the growing demand for AI workloads.&nbsp;</p>



<p>In 2023, Astera reported a 45% year-over-year revenue increase from <a href="https://finance.yahoo.com/quote/ALAB/financials/">$79.9 million to $115.8 million</a>. Gross profit also rose 36%, while net income remained in the red. However, EPS improved from a 45 cent loss to a 25 cent loss.&nbsp;</p>



<p>Even its Q1 2024 showed strong follow-through, with revenue growing 269% year over year. The surge in AI infrastructure deployment drives the growth. With a projected Q2 revenue increase of 10 to 12% and strategic positioning in the AI infrastructure market, Astera has garnered Wall Street&rsquo;s &ldquo;<a href="https://www.nasdaq.com/market-activity/stocks/alab/analyst-research">Strong Buy</a>&rdquo; rating. If you are looking for an alternate AI play, you might want to check out ALAB as one of your next top tech stocks.</p>



<h2>AppFolio (APPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/appf-stock-1-300x169.jpg" alt="appfolio website"><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p>Real estate has seen a boost in efficiency thanks to cloud technology and AI, brought about by tech company <strong>AppFolio</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/appf-stock-quote/"><strong>APPF</strong></a></span>). AppFolio allows users to digitize critical operations and elevate workflows to the utmost efficiency.</p>



<p>The company has been on a strong growth trajectory for the last few years. AppFolio&rsquo;s President and CEO <a href="https://ir.appfolioinc.com/news-releases/news-release-details/appfolio-inc-announces-first-quarter-2024-financial-results">highlights</a> that the company&rsquo;s performance is rooted in customer connections, exceptional service and continuous innovation. This approach has garnered significant attention from Wall Street, earning the company a <a href="https://www.nasdaq.com/market-activity/stocks/appf/analyst-research">&ldquo;Strong Buy&rdquo; rating</a>.</p>



<p>If we look closer at its numbers over the years, we can see a steady pace of improvement. In 2023 alone, <a href="https://ir.appfolioinc.com/news-releases/news-release-details/appfolio-inc-announces-fourth-quarter-and-fiscal-year-2023">revenue grew 31% YOY</a> and gross profit improved 37%. Appfolio made a turnaround profit of 8 cents per share compared to the previous year&rsquo;s $1.95 loss. This impressive financial improvement ranks APPF as one of the top tech stocks to look out for, so keep an eye on it.</p>



<p><em>On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a>.</p>
<div><p>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>
<p>The post <a href="https://investorplace.com/2024/08/3-top-tech-stocks-ready-for-robust-gains/">3 Top Tech Stocks Ready for Robust Gains</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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