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You’ll Never See The World The Same Way Again
Google (GOOG +2.8%)(GOOGL +2.7%) Cloud will open new data center regions in Delhi (India), Doha (Qatar), Melbourne (Australia), and Toronto (Canada).
The new additions will bring Google Cloud up to 26 total regions.
The India, Australia, and Canada regions will build on Google’s existing data center presence in the areas.
The Qatar region is Google’s first strategic agreement to launch a Middle East region with the Qatar Free Zones Authority.
Netflix (NASDAQ:NFLX) bull Imperial Capital thinks the coronavirus spread could mean stronger subscriber numbers, thanks to a “‘cocooning’ effect.”
Shares are up 2.4% premarket.
Netflix’s service seems “impervious” to the virus, analyst David Miller writes – “but because the price is so low, it is impervious to any derivative recessionary effects.”
He has an Outperform rating, and has boosted his view of Q1 domestic net subscriber additions to 510,000 from 480,000, and raised the international adds view to 7M from 6.52M.
Imperial’s $438 price target implies 19% upside.
While sell-side analysts are Bullish, Seeking Alpha authors are Neutral. Netflix has a Quant Rating of Neutral.
JPMorgan analyst Doug Anmuth calls Lyft (NASDAQ:LYFT) shares “extremely compelling” after yesterday’s management comment that the coronavirus outbreak had little impact on business.
Anmuth notes Lyft’s strong fundamentals, including double-digit growth in active riders and revenue per rider, with a “clear path” to profitability in 2021.
JPMorgan maintains its Overweight rating. The company has a Bullish average Sell Side rating.
Lyft shares are up 2.9% to $38.06.
“Given the developing situation… We’re giving the WHO as many free ads as they need for their coronavirus response along with other in-kind support,” Facebook (NASDAQ:FB) CEO Mark Zuckerberg wrote in a post.
“We’ll also give support and millions more in ad credits to other organizations too and we’ll be working closely with global health experts to provide additional help if needed.”
“Those in a country where the WHO has reported person-to-person transmission, will see that information in their News Feed… We’re (also) removing false claims and conspiracy theories that have been flagged by leading global health organizations.”
Zoom Video Communications (NASDAQ:ZM): Q4 Non-GAAP EPS of $0.15 beats by $0.08; GAAP EPS of $0.05 beats by $0.05.
Revenue of $188.3M (+78.0% Y/Y) beats by $11.42M.
Shares -10%.
