Previous Close | 13.45 |
Open | 13.59 |
Bid | 13.40 x 900 |
Ask | 13.41 x 1000 |
Day's Range | 13.39 - 13.85 |
52 Week Range | 5.59 - 14.21 |
Volume | |
Avg. Volume | 1,438,252 |
Market Cap | 1.815B |
Beta (5Y Monthly) | 2.14 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Key Insights Using the 2 Stage Free Cash Flow to Equity, Magnite fair value estimate is US$13.49 With US$11.81 share...
If you had invested $1,000 in The Trade Desk (NASDAQ: TTD) when it went public in September 2016, your investment would be worth nearly $37,000 today. Between 2016 and 2021, its annual revenue rose at a compound annual growth rate (CAGR) of 43% as its net income grew at a CAGR of 46%. The Trade Desk is the world's largest independent demand-side platform (DSP) for digital ads.
Stock market volatility appeared poised to continue on Thursday, as stock index futures were mixed in premarket trading. Both The Trade Desk (NASDAQ: TTD) and Magnite (NASDAQ: MGNI) saw sizable gains in premarket trading, and their latest financial results could offer a rebuttal to those who are convinced that a downbeat future is inevitable. Read on to learn more about what Magnite and The Trade Desk said.
Joining me on the call today are Michael Barrett, CEO; and David Day, our CFO. Before we get started, I will remind you that our prepared remarks and answers to questions will include information that might be considered to be forward-looking statements, including, but not limited to, statements concerning our anticipated financial performance and strategic objectives, including the potential impacts of macroeconomic factors on our business.
Magnite (MGNI) delivered earnings and revenue surprises of 118.18% and 17.36%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
For example, a company with a market cap of $500 billion might be trading at $20 a share, while one with a market cap of $1 billion could be trading at $50 a share. It subsequently focused on strengthening its core telecom business by upgrading 5G and fiber networks.
Magnite (MGNI) announces the launch of ClearLine, a self-service solution that provides agencies direct access to buy premium video inventory on the company's platforms.
Shares of advertising-technology (adtech) company Magnite (NASDAQ: MGNI) popped on Thursday morning after an analyst said it was a stock to buy. As of 10:40 a.m. ET, Magnite stock was up 10%. News broke yesterday after the market closed that B. Riley analyst Daniel Day had started covering Magnite stock.
Take The Trade Desk (NASDAQ: TTD), for example. The digital-advertising software company is up over 30% through the first quarter of 2023, and more than 50% from its lows last summer (a low point that was briefly re-tested in November 2022). This best-in-breed software company has always had a premium price tag, and it's certainly more expensive now than it was just a few months ago, when I thought it was a top buy.
It might be of some concern to shareholders to see the Magnite, Inc. ( NASDAQ:MGNI ) share price down 22% in the last...
The Trade Desk (NASDAQ: TTD) and Magnite (NASDAQ: MGNI) are both independent ad tech companies that operate in the shadows of diversified advertising giants like Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and Meta Platforms (NASDAQ: META). Cautious investors also abandoned higher-growth tech stocks in favor of cheaper value plays.
Are you tired of paying through the nose for video streaming services that you barely have time to watch? In 2022 there was a big shift toward ad-supported streaming services. Paramount's Pluto TV added 6.5 million monthly active users in the fourth quarter, bringing its total to nearly 79 million at the end of 2022.
Magnite's (NASDAQ: MGNI) stock dropped 16% on Feb. 23 after the advertising technology company posted its fourth quarter earnings report the evening before. Excluding its traffic acquisition costs (ex-TAC), its revenue rose 10% year over year to $156.
Ad technology specialist Magnite (NASDAQ: MGNI) underperformed a declining market this week. In fact, Magnite beat expectations for the period as revenue rose 9% to $175 million. "We delivered a strong fourth quarter," CEO Michael Barrett said in a press release.
Joining me on the call today are Michael Barrett, CEO; and David Day, our CFO. Before we get started, I will remind you that our prepared remarks and answers to questions will include information that might be considered to be forward-looking statements, including, but not limited to, statements concerning our anticipated financial performance and strategic objectives, including the potential impacts of macroeconomic factors on our business.
Magnite (MGNI) delivered earnings and revenue surprises of -31.43% and 13.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
The digital advertising industry has gotten clobbered over the last year. When that happens, these two ad tech stocks could surge. Roku (NASDAQ: ROKU) was one of the biggest losers in the advertising sector last year.
If you want to know who really controls Magnite, Inc. ( NASDAQ:MGNI ), then you'll have to look at the makeup of its...
Shares of Magnite (NASDAQ: MGNI), a supply-side adtech platform, were moving higher this week as strong earnings reports from peers like The Trade Desk (NASDAQ: TTD) and Roku (NASDAQ: ROKU) lifted expectations for the company's own earnings report next week. There was no major company-specific news out on Magnite, but strong earnings reports from The Trade Desk and Roku created a rising tide in the adtech industry as beaten-down stocks in the sector rose on hopes that the ad market would soon turn around.
Many investors are likely wary of buying stocks after the market's dismal performance in 2022. Inflation, rising interest rates, and other macro headwinds battered the market and deflated many high-growth stocks which had soared in 2020 and 2021. Meta, once known as Facebook, lost more than half its value over the past 12 months as investors fretted over the slowing growth of its advertising business and its obsession with the unprofitable metaverse.
The Trade Desk's (NASDAQ: TTD) stock skyrocketed nearly 860% over the past five years as the S&P 500 rose just over 40%. The ad tech company impressed investors with its breakneck growth: Between 2016 and 2021, its revenue rose at a compound annual growth rate (CAGR) of 43% as it net income grew at a CAGR of 46%. The Trade Desk is the world's largest independent demand-side platform (DSP) for digital ads.
Magnite (MGNI) enters a partnership with the cloud-based online video platform, Brightclove, to help it provide better opportunities to its customers to monetize the ad space.
The Trade Desk (NASDAQ: TTD) has generated impressive returns since its IPO in 2016. What does The Trade Desk do? The Trade Desk is the world's largest independent demand-side platform (DSP) for digital ads.
Magnite (MGNI) to partner with SmartNews to serve as its supply-side platform and provide a demand manager mobile app solution.