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Block Layoffs 2024: What to Know About the Latest SQ Job Cuts
InvestorPlace· 2024-01-31 03:13
Like many top technology companies, Block (NYSE:SQ) is in efficiency mode right now. Most recently, the company announced that it will begin reducing its headcount by around 1,000 employees — or as much as 10% — over the year in a bid to return to profitability. Notably, SQ stock has continued to trade lower in today’s session, down by more than 1% this afternoon. CEO Jack Dorsey hasn’t been shy about outlining the issues plaguing Block. Aggressive hiring during the pandemic led to an influx of talent to th ...
This Block catalyst could send the stock soaring 20%, says analyst
Market Watch· 2024-01-30 23:01
Block Inc.股票分析 - Block Inc.是一个多元化的企业,但更好的协同效应可能会推动股价飙升[1] - BTIG分析师Andrew Harte认为,Block的股票值得买入,给予了新的目标价$85,比当前水平高出约22%[2] - 投资论点集中在SQ在消费者和商家之间的有利位置,以及Cash App和Square生态系统之间的潜力,预计随着两个领域之间的整合加强,每个领域都有可能变得更强大[3]
Block: Buy The Opportunity
Seeking Alpha· 2024-01-30 15:54
Chainarong Prasertthai Introduction Block (NYSE:SQ). "A large solid piece of hard material, especially rock, stone, or wood, typically with flat surfaces on each side." Or at least that's the definition according to Oxford Languages via the first result from Google. The Block we're interested in on the other hand is a company that most will recognize as the owners of the largely successful Cash App - although their original business goal was to make credit card readers utilized by phones. But that's not all ...
Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending
Businesswire· 2024-01-30 01:05
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey. Through deposits into Amalgamated Bank, National Cooperative Bank, and Community Bank of the Bay’s Bay Area Green Fund, Block’s $25 million commitment directly connects to the company’s purpose of economic ...
Block Stock: Buy, Sell, or Hold?
The Motley Fool· 2024-01-27 20:50
Many high-flying tech-focused enterprises that benefited tremendously from the coronavirus pandemic have since fallen back to Earth. Block (SQ 3.60%) is a great example. Even more discouraging, shares have lost money in the last five years, which is extremely discouraging.For investors with a long-term mindset, this performance just means now is a good time to reassess the company's situation in terms of its long-term potential. Should investors buy, sell, or hold this fintech stock?Block management is focu ...
Here is What to Know Beyond Why Block, Inc. (SQ) is a Trending Stock
Zacks Investment Research· 2024-01-25 23:06
Block (SQ) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this mobile payments services provider have returned -21.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Technology Services industry, to which Block belongs, has lost 1.9% over this period. Now the key question is: Where could the stock be headed in the near term?While media ...
Why Block (SQ) is Poised to Beat Earnings Estimates Again
Zacks Investment Research· 2024-01-24 02:12
公司业绩 - Block (SQ) 属于 Zacks Technology Services 行业,过去两个季度在击败盈利预期方面表现不错[1] - 在上个季度,Block 的每股收益为 $0.55,超出了 Zacks Consensus Estimate 的 $0.44,出现了25%的惊喜[2] - Block 的盈利预期一直在上升,这部分归功于其盈利惊喜历史[3] - 公司目前的盈利预期为 +10.89%,分析师对其近期盈利潜力持乐观态度[4]
Block: Turnaround Underway
Seeking Alpha· 2024-01-17 07:01
公司股价表现 - Block, Inc. (NYSE:SQ)股票在之前大幅下跌后,现在交易价格接近主要支撑水平,具有相当大的安全边际和巨大的上涨潜力[1] - 在接下来的两个月里,股票从40美元上涨到80美元,涨幅达到100%[2] - 尽管最近股价有所上涨,但我认为目前股票仍然具有吸引力,Block的转型故事似乎才刚刚开始,未来几年股票还将有更多上涨空间[4] - 公司的股票估值仍然较低,根据企业价值与毛利润的比率,目前的估值为5.6倍,远低于历史峰值50倍和IPO时的14倍[81] - 公司的基本面(毛利润)持续改善,而股价已回到五年前的水平,这种背离创造了一个很好的买入机会[84] - 最近的回调使得公司的股价走势看起来像一个倒头肩,这是一个看涨的反转模式[86] 公司财务表现 - Square的营收增长和利润率表现[23][25][26][28][30][32][35][37] - Cash App持续吸引更多用户,月活跃用户达到55M[26] - Square的毛利润增长主要来自垂直POS解决方案和银行产品[37] - Square的运营利润和净利润呈现显著的顺序改善[39][40][42] - 预计2024年将实现GAAP净利润盈利能力[43][44][47] - 公司正在实施裁员计划以实现盈利能力[45][46][48] - Block的资产负债表持续改善,净现金持续增加[49][50] - 公司在Q3产生了454M美元的自由现金流,自由现金流率(不包括比特币)为14%,较去年的-1%有所增长[53] - 公司引入了10亿美元的股票回购计划,以抵消股东稀释,股份在Q3同比增长了3%[56] - 公司预计2024年调整后的营业收入将达到8.75亿美元,调整后的EBITDA将达到24亿美元,预计2024年将实现GAAP营业盈利[64] - 公司预计2026年将实现“40规则”,并计划通过稳健增长和追求成本效益来提高调整后的营业收入利润率[68] - 公司的增长潜力仍然很大,目前只占据了总地址市场的不到5%,随着公司推出新产品和吸引新的人群,市场潜力将不断扩大[73] 风险因素 - 金融科技行业竞争激烈,特别是支付处理服务可能最终成为大宗商品,可能对Square的交易费率和最终盈利能力造成压力[102] - Cash App可能会失去市场份额,限制其增长[102] - 比特币价格下跌可能导致Block股价下跌[103] 未来展望 - 公司认为Block股票仍然被低估[101] - 公司仍有长期增长空间,通过Square和Cash App构建未来的金融生态系统[108] - 公司仍然被低估,Block的转型故事才刚刚开始[109]
Is Block Stock a Buy?
The Motley Fool· 2024-01-15 18:45
股价表现 - Block股票在2023年底表现强劲,股价上涨了89%[1] - 股价在2023年最后几个月飙升,但仍然比2015年上市时的平均估值低了三分之一,因此可以认为目前股价被低估[12] - 股价虽然有所回落,但相对于Block的巨大增长潜力来说,股票仍然值得投资考虑[13] 公司业务 - 该公司在互联网时代提供卓越的用户体验,特别是Square部门为商家提供广泛的金融服务,软件和硬件解决方案,处理了557亿美元的总付款金额[5] - Cash App是一款个人理财移动应用,拥有5500万月活跃用户,也取得了良好的增长[6] - 在最近的财报中,Square部门的毛利润增长了15%,Cash App的毛利润增长了27%[8]
Why Block Stock Moved 22% Higher in December
The Motley Fool· 2024-01-08 20:48
Shares of fintech company Block (SQ -1.75%) soared 22% in December according to data provided by S&P Global Market Intelligence. There wasn't specific news sparking the jump in price, but many stocks benefited from an overall market rally in reaction to the Federal Reserve's announcement that it would cut interest rates this year.How this benefits BlockBlock, formerly Square, is a fintech company that operates what it calls two "ecosystems." Its original seller's business, which it still calls Square, marke ...