Luxoft Offering A Good Re-Entry Point After The Correction
Darspal S Mann
Darspal S Mann
Luxoft: A Tale Of Two Elections Leading To One Opportunity
Darspal S Mann
Darspal S Mann
Luxoft: Interesting IPO Though Concerns Exist
Stone Fox Capital
Stone Fox Capital
Thu, May 12, 11:40 PM
Wed, May 11, 5:35 PM
Thu, Feb. 11, 5:02 PM
Fri, Feb. 5, 11:01 AM
- A long list of enterprise software and security tech names are off sharply after business intelligence/analytics software upstart Tableau (down 45.3%) reported slower-than-expected license revenue growth and issued below-consensus Q1/2016 guidance.
- Also possibly weighing: LinkedIn (down 39.6%), which derives a large % of its revenue from cloud-based recruiting and sales tools for enterprises, issued weak Q1/2016 guidance.
- Given the magnitude of the drops, margin calls and forced selling by funds could be playing a big role. The Nasdaq is down 2.2%.
- Tableau suggested its growth slowdown has to do with softening IT spend and a need to improve sales productivity, but analysts have raised questions about competition from the likes of Microsoft, Amazon, and Qlik. LinkedIn forecast a growth slowdown for its field sales hiring solutions business, while blaming European/Asian macro pressures. The company also noted its display ad business continues declining amid weak industry growth.
- Major enterprise software decliners include Splunk (SPLK -23.7%), Workday (WDAY -15.1%), Adobe (ADBE -7%), Zendesk (ZEN -15.2%), ServiceNow (NOW -13.6%), NetSuite (N -12.4%), Salesforce (CRM -11.2%), Paycom (PAYC -10.6%), Ellie Mae (ELLI -11.5%), Cornerstone OnDemand (CSOD -7.8%), Veeva (VEEV -7.7%), Ultimate Software (ULTI -9%), Luxoft (LXFT -7.5%), Manhattan Associates (MANH -8.5%), Box (BOX -6.6%), Guidewire (GWRE -13.6%), Demandware (DWRE -9.3%), Hortonworks (HDP -9.7%), and Tableau rival Qlik (QLIK -16.6%). The casualty list includes many cloud software firms, as well as several analytics software plays. Previously covered: New Relic, Atlassian.
- Major decliners among security tech firms: Palo Alto Networks (PANW -12%), FireEye (FEYE -8.9%), Rapid7 (RPD -8.6%), CyberArk (CYBR -8.3%), Proofpoint (PFPT -8%), Imperva (IMPV -8.3%), Fortinet (FTNT -6.9%), and Vasco (VDSI -5.1%). The selloff comes in spite of an FQ3 beat and in-line FQ4 guidance from Symantec, which has been losing share to various upstarts.
Nov. 11, 2015, 2:55 PM
- Luxoft (NYSE:LXFT) has jumped to new 52-week highs after beating FQ2 estimates and respectively upping its FY16 (ends March '16) revenue and EPS guidance to "at least" $645.5M and $2.60, up from "at least" $640.3M and $2.55.
- The FY16 consensus was higher, at $661.9M and $2.76. However, strong forex pressures have led to low near-term expectations: FQ2 revenue rose 29.1% Y/Y in dollars, and 39.5% in constant currency.
- Four new "high potential accounts" were landed during the quarter, and revenue from the tech, financial services, automotive/transport, and telecom markets respectively rose by 57.5%, 34.6%, 29.8%, and 26.1% over FQ1 and FQ2. GAAP SG&A spend rose 28% Y/Y in FQ2 to $39.6M, nearly even with revenue growth.
- FQ2 results, PR
Nov. 10, 2015, 5:37 PM
- Luxoft (NYSE:LXFT): FQ2 EPS of $0.84 beats by $0.13.
- Revenue of $161.54M (+29.1% Y/Y) beats by $1.66M.
Aug. 24, 2015, 10:00 AM
- Among the biggest tech decliners as U.S. stocks tumble/see panic selling amid a global plunge in equities triggered by China/macro fears: SolarCity (SCTY -8.4%), Ambarella (AMBA -8.6%), SolarEdge (SEDG -7.9%), Fitbit (FIT -9.7%), Canadian Solar (CSIQ -10.2%), 21Vianet (VNET -15.7%), Yingli (YGE -14.4%), VirnetX (VHC -11.3%), and Digital Ally (DGLY -19.3%).
- Also off sharply: Rapid7 (RPD -7.5%), Shopify (SHOP -9.1%), Alliance Fiber (AFOP -12%), SuperCom (SPCB -10%), Luxoft (LXFT -7.3%), Box (BOX -14.7%), and Castlight (CSLT -13.8%).
- The Nasdaq has pared its opening-bell losses a bit. It's now down 4.6%, after starting off down 7.5%.
- See also: Premarket decliners, Chinese tech decliners, large-cap tech decliners
- Update (10:35AM ET): SolarEdge is now up 1.6%. Various other names have pared their losses some, but remain sharply lower.
- Update 2 (10:42AM ET): Add SolarCity to the ranks of rebounding stocks: Shares are now up 4.7%.
- Update 3 (12:29PM ET): The Nasdaq is now down just 0.3%. Ambarella, Fitbit, Rapid7, and Canadian Solar have also turned positive.
Aug. 12, 2015, 4:20 PM
- Luxoft (NYSE:LXFT): Q2 EPS of $0.61 beats by $0.07.
- Revenue of $148.1M (+31.9% Y/Y) beats by $5.87M.
May 13, 2015, 4:25 PM
- Luxoft (NYSE:LXFT): Q1 EPS of $0.46 beats by $0.02.
- Revenue of $137.35M (+29.2% Y/Y) beats by $2.35M.
Apr. 21, 2015, 3:27 PM
- Today's notable tech gainers include Chinese online retailer Vipshop (VIPS +4.9%), European chipmaker STMicroelectronics (STM +5.1%), IP risk-protection services firm RPX (RPXC +4.1%), Wi-Fi hardware maker Aerohive (HIVE +4.8%), Indian ISP/data services firm Sify (SIFY +5.2%), and software outsourcing firm Luxoft (LXFT +3.9%). The Nasdaq is up 0.5%.
- Notable decliners include 3 e-commerce-focused firms: Online women's/children's apparel seller Zulily (ZU -6.5%) e-commerce listing/monetization service provider ChannelAdvisor (ECOM -5.1%), and online coupon/promo code provider RetailMeNot (SALE -3.9%). Also off is ultracapacitor maker Maxwell (MXWL -6.1%).
- Vipshop is once more near a high of $30.59. STMicro is closing in on a 52-week high of $10.00 ahead of its April 30 Q1 report. Possible helping Aerohive: The company has launched a new channel partner program and hired Riverbed/EMC vet Johnna Bowley to run it.
- Maxwell is once more within a dollar of a 52-week low of $6.29; its Q1 report is due on Thursday. Zulily is slightly more than a dollar above a post-IPO low of $12.34. ChannelAdvisor reports on May 4, and RetailMeNot on May 5.
- Previously covered: Cybersecurity stocks, chip equipment stocks, 3D Systems/Stratasys, ARM, ServiceSource, Ultra Clean, 58.com, Tremor Video, Voltari, Rambus, Sanmina
Mar. 23, 2015, 3:15 PM
- Today's notable tech gainers include OLED materials/IP provider Universal Display (OLED +5.7%), salvage auction site Liquidity Services (LQDT +6.2%), auto site TrueCar (TRUE +8.5%), touchscreen tech developer Neonode (NEON +10.4%), hard drive assembly supplier Hutchison (HTCH +7.1%), Web site owner/ISP United Online (UNTD +5.5%), software outsourcing firm Luxoft (LXFT +5.6%), optical component vendor NeoPhotonics (NPTN +8.3%), and U.S. solar installer Solar3D (SLTD +15.2%).
- Many Chinese names are also rallying today. Standouts include online real estate plays SouFun (SFUN +6.9%), E-House (EJ +4%), and Leju (LEJU +8.1%), online beauty product retailer Jumei (JMEI +5.9%), online classifieds platform 58.com (WUBA +5%), and app developers/publishers Sungy Mobile (GOMO +4.7%), Cheetah Mobile (CMCM +7.6%), and China Mobile Games (CMGE +5.9%).
- The list of major decliners is smaller: It includes cloud healthcare software firm Castlight (CSLT -4.8%), microcontroller maker Atmel (ATML -3.1%), supply chain software vendor Manhattan Associates (MANH -4.3%), Chinese solar cell/module maker ReneSola (SOL -5.9%), and RF filter tech developer Resonant (RESN -8.6%).
- Universal Display is rallying to new 52-week highs yet again amid Galaxy S6 enthusiasm. Solar3D is now up 42% over the last 3 trading days. Heavily-shorted Cheetah Mobile is reversing Friday's post-earnings losses. Castlight is adding to the losses seen on Friday following a neutral Wells Fargo launch.
- Previously covered: Digital Ally, Sonus, xG Technology, IPG Photonics, CyberArk, Immersion, Nvidia, EZchip
Mar. 16, 2015, 3:19 PM
- Though the Nasdaq is up 1.1%, major tech decliners are roughly on par with major gainers today.
- Notable gainers include telecom equipment vendor Ciena (CIEN +3.9%), data center owner CyrusOne (CONE +4.6%), optical component maker NeoPhotonics (NPTN +6.1%), software outsourcing firm Luxoft (LXFT +7.7%), supply chain software vendor Manhattan Associates (MANH +4.2%), and Chinese game developer NetEase (NTES +3.7%).
- Notable decliners include leading Chinese online video platform Youku (YOKU -4%), 4G router/M2M module maker Novatel (MIFI -5.5%), security hardware/software vendor KEYW Holding (KEYW -5.3%), Chinese online retailer LightInTheBox (LITB -8.7%), Chinese online real estate plays E-House (EJ -4.7%) and Leju (LEJU -5.3%), seismic tech provider Geospace (GEOS -7.5%), and U.S. solar installer Vivint (VSLR -4.3%).
- CyrusOne, Luxoft, and Manhattan Associates are making new 52-week highs. Geospace's decline comes as crude oil falls to fresh 6-year lows. The Chinese decliners are failing to get a boost from pro-stimulus remarks from premier Li Keqiang (they've lifted many other Chinese names).
- Previously covered: Xilinx, Neonode, MoSys, Superconductor Technologies, Himax, Alibaba, Avago, Qorvo, King Digital, iDreamSky, MicroVision
Feb. 11, 2015, 5:37 PM
- Luxoft (NYSE:LXFT): FQ3 EPS of $0.81 beats by $0.19.
- Revenue of $145.8M (+31.8% Y/Y) beats by $8.03M.
Nov. 12, 2014, 5:45 AM
- Luxoft (NYSE:LXFT): FQ2 EPS of $0.58 beats by $0.07.
- Revenue of $125.14M (+28.1% Y/Y) beats by $5.59M.
Aug. 12, 2014, 4:32 PM
- Luxoft (NYSE:LXFT): FQ1 EPS of $0.45 beats by $0.08.
- Revenue of $112.3M (+34.1% Y/Y) beats by $7.05M.
Aug. 8, 2014, 4:06 PM
- Yandex (YNDX +2%), Qiwi (QIWI +4.1%), Luxoft (LXFT +1.9%), VimpelCom (VIP +2.8%), and MTS (MBT +2.8%) have rallied amid hopes Ukranian tensions are thawing a bit.
- Russian military exercises near the Ukranian border ended today, and the prime minister of the self-declared Donetsk People's Republic has resigned as Ukranian forces close in.
- Russian tech and telecom names have been hit hard by geopolitical worries. Qiwi sold off yesterday after reporting earnings.
Luxoft Holding, Inc. operates as a provider of software development services and information technology solutions to a global client base consisting of multinational corporations. The company's services include software development and support, product engineering and testing, and technology... More
Industry: Business Software & Services
Country: United States
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