Uber eyeing a $10 billion IPO
Following Lyft (LYFT), global ride-hailing service provider Uber is set to go public in its first initial public offering with the SEC and expects to raise $10 billion from investors. The offering would the largest American IPO this year, and amongst the 10 largest of all time.
This will be the first time that Uber is releasing an exhaustive financial result to enable investors to look at the complete figures and compare them with Lyft’s who filed at IPO earlier this year.
The results reveal that Uber generated $50 billion in gross bookings last year, about 47% increase from last year. But the growth is slackening. Of the $11.4 billion of net revenue in 2018, only $3 billion came in the last three months of the year, up only 2% from the previous quarter.
This will be major concern for the investors who would also be curious about where money is coming from for the company’s food delivery business. Another key point of inquiry would be whether Uber has saturated the U.S. market.
Other metrics along which Uber’s growth will be judged are its contributing margins and the number of active users. The latter is more complicated that the only the North American serving Lyft.
Last checked, Uber was valued at $76 billion and at the time its IPO was expected to raise $120 billion. Its losses for 2018 were $1.8 billion, down 15% from 2017.
LYFT's Stochastic Oscillator sits in oversold zone for 6 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Show more
Notable companies
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).
Industry description
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
Market Cap
The average market capitalization across the Packaged Software Industry is 10.66B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.
High and low price notable news
The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 4%. CMAX experienced the highest price growth at 220%, while NXTT experienced the biggest fall at -64%.
Volume
The average weekly volume growth across all stocks in the Packaged Software Industry was -6%. For the same stocks of the Industry, the average monthly volume growth was 10% and the average quarterly volume growth was 20%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 74
Price Growth Rating: 58
SMR Rating: 82
Profit Risk Rating: 89
Seasonality Score: 0 (-100 ... +100)