NexOptic Technology Corp (TSXV: NXO)
You’ll Never See The World The Same Way Again
Twitter’s (NYSE:TWTR) latest move against disinformation will include labeling tweets that contain “disputed or misleading” information about the coronavirus and the COVID-19 pandemic.
Some tweets may simply come with a linked label directing users to additional information; other tweets may be covered entirely by a warning label that will say “that the information in the Tweet conflicts with public health experts’ guidance before they view it.
The potential remedies also include removal of the information. The exact approach will depend on the nature of the claim (unverified, disputed, or misleading) as well as the potential propensity for harm (moderate or severe).
The new approach mirrors a previous approach Twitter implemented to warn about synthetic and manipulated media.
Tencent Music Entertainment (NYSE:TME): Q1 Non-GAAP EPS of $0.09 in-line; GAAP EPS of $0.07 in-line.
Revenue of $891M (+4.2% Y/Y) beats by $3.19M.
During a teleconference with a House Committee on Energy and Commerce subcommittee, FTC Chairman Joseph Simons hints that the agency is probing privacy complaints regarding Zoom Video (ZM +7.0%).
Simons referenced a California representative’s public concerns about Zoom’s collection and storage of user data and call recordings.
Simons: “We are very happy to take complaints from any source. If you’re reading about it in the press, in the media, then you can be assured that we’re looking at it already or we will because of the media attention. If it’s out there in the media, we’re on it.”
Zoom Video’s demand spike during the pandemic also increased questions about its security practices. The company implemented a 90-day security review. Last week, Zoom reached agreements with NY’s attorney general and was allowed back in NYC schools.
Bank of America reiterates Nvidia (NVDA +3.6%) as a top tech sector pick even after shares ran up to a new 52-week high today.
The firm thinks Nvidia’s Mellanox and Cumulus acquisition could drive earnings estimates higher due to accretion benefits and improve the mix of data center sales to nearly 45% to 50% of total company revenue (30% to 35% currently). The stock is seen as having substantial upside potential if it can maintain its premium 30X to 35X forward PE, inline with EPS growth. The solid balance sheet with trailing twelve months free cash flow of 39% is also noted.
BoFa has a price objective of $360 on Nvidia.
Looking ahead, Nvidia has a virtual keynote address by CEO Jensen Huang on May 14 and earnings due out on May 21.
Datadog (NASDAQ:DDOG) shares gain 2.5% after-hours following a strong Q1 showing with revenue up 87% Y/Y.
Customers with $100K+ ARR grew from 508 in last year’s quarter to 960.
Operating cash flow was $24.3M with $19.3M in FCF. Cash and equivalents totaled $798.5M at the end of the quarter.
For Q2, DDOG guides $134-136M in revenue (consensus: $126.31M) and $0-0.01 EPS (consensus: $0.02 loss).
The FY20 outlook has revenue of $555-565M (consensus: $534.50M) and $0.02-0.06 EPS (consensus: $0.06 loss).
Earnings call starts at 5 PM with a webcast here.
