Applying Morningstar’s 5-year avg. In its statement, the State Administration for Market Regulation concluded Alibaba had used data and algorithms “to maintain and strengthen its own market power and obtain improper competitive advantage.” Its practice of imposing a “pick one from two” choice on merchants “shuts out and restricts competition” in the domestic online retail market, according to the statement.The firm will be required to implement “comprehensive rectifications,” including strengthening internal controls, upholding fair competition and protecting businesses on its platform and consumers’ rights, the regulator said. A live webcast of the call can be accessed from PubMatic’s Investor Relations website. “Regulations are for better development, and ‘reining in’ is also a kind of love.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Stock picking is ripe for a shift away from passive investing, which could suffer a decade of low or nonexistent returns, says Bill Smead. Delivery apps thrived during COVID-19, and they're now aggressively positioning themselves for life after the pandemic. On Feb.23, 2021, Pubmatic released its fiscal fourth-quarter 2020 results for the quarter ending December 2020. Daily Journal Chairman Charlie Munger says a new investment in Chinese internet giant Alibaba is part of a move into stocks because returns on Treasury bills are so low. However, Marketbeat.com reports that 24 analysts have a lower target of $52.73, whereas Seeking Alpha says that 27 analysts have an average target of $61.36. Analysts predict sales of $245.5 billion for 2021, so the price target works out to $306.875 billion. “It’s a stone that kills two birds.”For now, it appears investors are just glad it wasn’t worse. Q4 2020 Earnings Presentation 936.5 KB. “We delivered impressive year-over-year revenue growth of 64% in the fourth quarter driven by strength across a number of advertising verticals including eCommerce, Technology, Personal Finance and robust omnichannel video growth including OTT/CTV,” said Steve Pantelick, CFO at PubMatic. That’s now unleashing appetite among money managers to pile back in looking for income-bearing assets to match liabilities .The same dealers have also been reluctant to sell their inventory of long-maturity debt this year back to the Bank of England as part of its quantitative easing program in another sign of anticipated demand. Pubmatic Announces Pricing Of IPO Of 5.9 Mln Shares At $20 Per Share. Webcast and Conference Call Details. Q4 2020 Earnings Fact Sheet 300.1 KB. That is over 30% above today’s price. (BLK)’s plan to double the number of sustainable exchange-traded funds it offers to 150 by the end of this year is on track, thanks in part to two new mammoth ETFs. For the full year 2021, we expect revenue to be in the range of $180.0 million to $185.0 million representing growth of 21% to 24% over 2020. Q4 2020 Press Release. Financial OutlookOur guidance assumes that the global economy continues to recover and we do not have any major COVID-19 related setbacks that may cause economic conditions to deteriorate or significantly reduce advertiser demand. Headquartered in Redwood City, California, PubMatic operates 14 offices and eight data centers worldwide. PubMatic brings the global infrastructure and scale that publishers need to power data-intensive, real time programmatic ad transactions in order to increase their revenues. Investor Tools An archived version of the webcast will be available from the same website after the call. The company reported 4Q diluted net income per share of $0.34, ahead of analysts’ estimate of $0.30. Net income per share attributable to common stockholders: Weighted-average shares used to compute net income per share attributable to common stockholders: Adjustments to reconcile net income to net cash provided by operating activities: Impairment of internally developed software, Change in fair value of preferred stock warrant liability, Amortization of premiums on marketable securities. Millions of Americans now qualify for policies at less than $50 a month: federal data. But on the other hand, keep in mind that my price target could take several years to achieve, whereas most analysts are just looking out one year. And for you super savers, here are other ways to save for retirement. (Bloomberg) -- U.K. bond investors eager for the government to sell more of its longest-dated debt appear to have gotten their way.A bond auction on Tuesday will include a 1 billion-pound ($1.37 billion) offering of gilts maturing in 2071 with more scheduled for sale in June. PubMatic delivers superior revenue to publishers by being an SSP of choice for agencies and advertisers. Beijing regulators wrapped up their landmark probe in just four months, compared with the years that such investigations take in the U.S. or Europe. PubMatic (NASDAQ: PUBM) is scheduled to announce Q4 earnings results on Tuesday, February 23rd, after market close. PubMatic pops on earnings, revenue beat; strong outlook. PubMatic’s cloud infrastructure platform for digital advertising empowers app developers and publishers to increase monetization while enabling media buyers to drive return on investment by reaching and engaging their target audiences in brand-safe, premium environments across ad formats and devices. Now we have three different price targets based on dividend yield and price-to-earnings. And the shock of the crackdown will continue to resonate with peers from Tencent Holdings Ltd. and Baidu Inc. to Meituan, forcing them to tread far more carefully on business expansions and acquisitions for some time to come.What Bloomberg Intelligence SaysChina’s record fine on Alibaba may lift the regulatory overhang that has weighed on the company since the start of an anti-monopoly probe in late December. Click here for replay. We then calculate the revenue from these same publishers in the current year (“Current Period Revenue”). It crossed the $60,000 mark for the first time on March 13, hitting a record $61,781.83 on Bitstamp exchange, just after U.S. President Joe Biden signed his $1.9 trillion fiscal stimulus package into law. Dial In: 646-558-8656 Passcode: 94041481415. For the first quarter 2021, we expect revenue to be in the range of $38.0 million to $40.0 million, representing growth of 34% to 41% over Q1 2020. This is 29.7% above Exxon’s existing market cap of $236.5 billion. Important factors that could cause actual results to differ materially from those in the forward-looking statements include: our dependency on the overall demand for advertising and the channels we rely on; our existing customers not expanding their usage of our platform, or our failure to attract new publishers and buyers; our ability to maintain and expand access to spend from buyers and valuable ad impressions from publishers; the rejection of the use of digital advertising by consumers through opt-in, opt-out or ad-blocking technologies or other means; our failure to innovate and develop new solutions that are adopted by publishers; the ongoing COVID-19 pandemic, including the resulting global economic uncertainty; limitations imposed on our collection, use or disclosure of data about advertisements; the lack of similar or better alternatives to the use of third-party cookies, mobile device IDs or other tracking technologies if such uses are restricted; any failure to scale our platform infrastructure to support anticipated growth and transaction volume; liabilities or fines due to publishers, buyers, and data providers not obtaining consents from consumers for us to process their personal data; any failure to comply with laws and regulations related to data privacy, data protection, information security, and consumer protection; and our ability to manage our growth. Therefore the total return, even if the analysts’ target price pans out will be 13.25% (i.e., 7.1% price gain plus 6.15% dividend yield). PubMatic delivers superior revenue to publishers by being an SSP of choice for agencies and advertisers. The number will likely be distorted by the huge slump in year-earlier figures at the outbreak of the pandemic. In the fourth quarter of 2020, PubMatic’s net income was $18.8 million, an increase over $4.1 million recorded in the same period last year. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Although it was relative to a period when the pandemic caused price pressures to crash, it was the biggest annual gain since 2011. (Bloomberg) -- The reflation trade that dominated the start of 2021 in the bond market has taken a breather, leaving investors bracing for a key set of data in the week ahead that has the potential to reaffirm expectations that price pressures will build as the economy rebounds.All eyes will be on Tuesday’s release of the U.S. consumer price index for March, which is expected to show a significant jump. price-to-earnings (P/E) ratio of 25.62 times (over the last 5 years) to Exxon’s EPS for this year ($2.87) produces a target price of $73.53. Minutes of a conference call with the Debt Management Office last month revealed investors asked for more of the bonds because there isn’t enough to go around. What: PubMatic Fourth Quarter and Full Year 2020 Earnings Conference Call, When: February 23, 2021 at 2:00 p.m. PT (5:00 p.m. Shares of PubMatic jumped 12.1% in extended trading on Tuesday after the advertising software company’s 4Q earnings beat analysts’ estimates. Yahoo. NEW YORK, NY / ACCESSWIRE / February 23, 2021 / PubMatic Inc - Ordinary Shares - Class A (NASDAQ:PUBM) will be discussing their earnings results in their 2020 Fourth Quarter Earnings … Therefore, at today’s price (April 9) of $55.87, the dividend yield is very healthy at 6.2%. Charlie Munger Prefers Alibaba Stock to Treasury Bills. The company reported 4Q diluted net income per share of $0.34, ahead of analysts’ estimate of $0.30. ________________________1 We calculate our net dollar-based retention rate at the end of each fiscal year by starting with the revenue from publishers in the prior fiscal year (“Prior Period Revenue”). The company said revenue in the fourth quarter of 2020 was $56.2 million, up 64% year-over-year. feb 23 (reuters) - pubmatic inc (pubm): * pubmatic announces record fourth quarter and full year 2020 financial results * q4 earnings per share $0.34 * q4 revenue $56.2 million versus refinitiv ibes estimate of $47.4 million * sees fy 2021 revenue $180 million to $185 million * sees q1 revenue $38 million to $40 million * sees fy 2021 revenue up 21 to 24 percent The e-commerce giant’s speedy capitulation also underscores its vulnerability to further regulatory action -- a far cry from just six years ago, when Alibaba openly contested one agency’s censure over counterfeit goods on Taobao and eventually forced the State Administration for Industry and Commerce to backtrack on its allegations.Beyond antitrust, government agencies are said to be scrutinizing other parts of Ma’s empire, including Ant Group Co.’s consumer-lending businesses and Alibaba’s extensive media holdings. For example, if my 34% higher price target takes two years, the average annual return will be just 16% each year on a compounded basis. Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sales of marketable securities, Proceeds from maturities of marketable securities, Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs, Proceeds from repayment of stockholders' notes receivable, Net cash provided by (used in) financing activities, NET INCREASE IN CASH AND CASH EQUIVALENTS, CASH AND CASH EQUIVALENTS - Beginning of Year. That point came out loud and clear from the company’s latest earnings conference call. Americans have tons of questions about their stimulus checks and 2020 taxes. My target price produces an expected return of 21.95% (i.e., 14.8% gain plus 6.15% yield). Conference Call and Webcast detailsPubMatic will host a conference call to discuss its financial results on Tuesday, February 23, 2021 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). Accordingly, we estimate the following: Although we provide guidance for Adjusted EBITDA, we are not able to provide guidance for net income, the most directly comparable GAAP measure. We continue to focus on growing our market share via new publisher acquisition, existing customer growth, and buy-side spend consolidation.”. Moreover, the dividend yield is 6.15%. We believe that this non-GAAP financial measure is useful to investors for period to period comparisons of our business and in understanding and evaluating our operating results for the following reasons: Our use of this non-GAAP financial measures has limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of our financial results as reported under GAAP. It also cited dealers reporting strong demand for the longest-dated gilts.The success of Britain’s vaccination roll-out and plans to gradually reopen the economy have pressured gilts, lifting 50-year yields to their highest since 2019 last month. For example, Morningstar reports that over the past 5 years, its trailing 5-year dividend yield has been 4.96% (almost 5%).InvestorPlace - Stock Market News, Stock Advice & Trading Tips We can use this to estimate the normalized target value for XOM stock. PubMatic Q4 EPS $0.34 Beats $0.30 Estimate, Sales $56.20M Beat $47.54M Estimate PubMatic (NASDAQ:PUBM) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.30 by 13.33 percent. Adjusted EBITDA provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of operations, and also facilitates comparisons with other peer companies, many of which use similar non-GAAP financial measures to supplement their GAAP results. What To Do With XOM Stock Most analysts have higher price targets for Exxon stock, but not by much. Here’s what you need to know about 2021 COVID-relief payments and more. data is also slim with February GDP due on TuesdayECB policy maker speeches are scheduled from Isabel Schnabel, Fabio Panetta and Luis de Guindos all on Wednesday before a self-imposed quiet period kicks in ahead of the following week’s monetary policy decisionBOE policy maker Silvana Tenreyro speaks on Monday followed by Jonathan Haskel on Wednesday and Jonathan Cunliffe on FridayDBRS Ltd. reviews France on FridayFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. As the president mulls Democrat calls to cancel up to $50,000 in federally-backed student loan debt via executive order, a new analysis shows how $10,000 in forgiveness would affect borrowers in each U.S. state. Click here for webcast. Net dollar-based retention rate is an important indicator of publisher satisfaction and usage of our platform, as well as potential revenue for future periods. Exxon Mobil Corp. (NYSE:XOM) is not going to lower its dividend no matter what it costs the company. Similarly using the Morningstar forward P/E average of 21.75 times Exxon’s $3.88 EPS for 2022 produces a target price of $84.39. The penalty will not shake up its business model, either,” said Jet Deng, an antitrust lawyer at the Beijing office of law firm Dentons.Still, neither Zhang nor state media addressed lingering questions around the extent to which Beijing remains intent on reining in its internet and fintech giants, a broad campaign that’s wiped more than $250 billion off Alibaba’s valuation since October. What to Know. Fourth quarter revenue rose 64% over the prior year, to $56 million while analysts had expected $47.4 million . PubMatic ( PUBM +17.8%) reported surge of 64% Y/Y in Q4 revenue to $56.2M led by … In addition to operating income and net income, we use Adjusted EBITDA as a measure of operational efficiency. Do this now. For example, TipRanks.com says that 18 analysts have an average price target of just $60.68. Many U.S. banks have broken out above 2018 resistance in reaction to rising interest rates. Certain elements of the composition of GAAP net income, including stock-based compensation expenses, are not predictable, making it impractical for us to provide guidance on net income or to reconcile our Adjusted EBITDA guidance to net income without unreasonable efforts. PubMatic Announces Record Fourth Quarter and Full Year 2020 Financial Results, Copyright © 2021 PubMatic, Inc. All Rights Reserved, Prepaid expenses and other current assets. Q4 FY 2020 Earnings Release . One thing to note is that although the $3.48 dividend exceeds the forecast earnings of $2.87 this year (2021). The 18.2 billion yuan penalty was based on just 4% of the internet giant’s 2019 domestic revenue, regulators said. Similarly, Yahoo! “We are in the midst of an accelerated digital transformation, with consumers everywhere spending more time online as they shift transactions from the physical world to the Internet. PubMatic Q4 2020 Earnings Conference Call. Any way that you look at it, XOM stock looks like a good bargain here, assuming oil stays high and the stock returns to its normal historical value metrics. BlackRock (ticker: BLK) on Thursday launched the (LCTU) and the (LCTD), which are benchmarked to the Russell 1000 index and the MSCI World ex-USA index, respectively. It’s a development that may also undermine stocks.“The market’s been pricing in a reflation theme already since the second half of 2020, but strong, realized prints would almost add fuel to the fire,” said Shahid Ladha, head of Group-of-10 rates strategy for the Americas at BNP Paribas SA.That, in turn, would produce upside risk to yields on intermediate maturities because of the possibility that the Fed might have to tighten sooner than expected, he says.Investors are also tasked with absorbing a combined $120 billion of coupon auctions next week, including 30-year debt, as they ponder the inflation question. Morningstar says this is 1.25 times over the last five years. Other Ticker Details MCFE Company Name McAfee Corp Earnings Call Date 23-02-2021 Time (ET) 5:00 PM Fiscal Quarter Q4 Fiscal Year 2020 Current Period Revenue includes any upsells and is net of contraction or attrition, but excludes revenue from new publishers. For the same reason, we are unable to address the probable significance of the unavailable information. The president is being urged to roll more direct aid money into his infrastructure bill. But traders may be reluctant to dismiss an acceleration -- as they did to some extent with Friday’s stronger-than-projected producer price data -- if there’s a growing sense that it marks the beginning of a trend.The statistics come at a crucial time for bond bears betting on reflation. Regulators are said, for instance, to be concerned about Alibaba’s ability to sway public discourse and want the company to sell some of its media assets, including the South China Morning Post, Hong Kong’s leading English-language newspaper.Read more: China Presses Alibaba to Sell Media Assets, Including SCMPChina’s top financial regulators now see Tencent as the next target for increased supervision, Bloomberg News has reported.