We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shares of Alibaba (BABA - Free Report) opened more than 13% higher on Thursday morning after management raised its full-year revenue guidance at the company’s annual investor day in Hangzhou earlier today.
In an announcement that the Financial Times said drew “gasps of wow” from investors, Alibaba Chief Financial Officer Maggie Wu revealed that the company now expects revenue growth of 45% to 49% in the 2018 fiscal year.
That type of growth is not only shocking for a company of Alibaba’s size, but it’s also well ahead of our current consensus estimates. Indeed, heading into today, the Zacks Consensus Estimate for the company’s full fiscal year sales called for revenue growth of just 31%.
The Chinese e-commerce giant is growing rapidly thanks to its dominance in the country’s online marketplaces, as well as its continued growth in logistics, data management, and cloud computing. The company has also been expanding its media and entertainment divisions over the past few years.
Alibaba’s latest sales projections would mark one of the company’s strongest years to date. Last year, revenues grew about 56%, but that included the impact of Lazada, a regional e-commerce company that was included in Alibaba’s sales figures starting in April. Without that unit, Alibaba grew by about 45%.
Interestingly, Wu did not mention Alibaba’s gross merchandise volume figures. The company no longer reports GMV in its quarterly reports.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Alibaba (BABA) Stock Soared Today
Shares of Alibaba (BABA - Free Report) opened more than 13% higher on Thursday morning after management raised its full-year revenue guidance at the company’s annual investor day in Hangzhou earlier today.
In an announcement that the Financial Times said drew “gasps of wow” from investors, Alibaba Chief Financial Officer Maggie Wu revealed that the company now expects revenue growth of 45% to 49% in the 2018 fiscal year.
That type of growth is not only shocking for a company of Alibaba’s size, but it’s also well ahead of our current consensus estimates. Indeed, heading into today, the Zacks Consensus Estimate for the company’s full fiscal year sales called for revenue growth of just 31%.
The Chinese e-commerce giant is growing rapidly thanks to its dominance in the country’s online marketplaces, as well as its continued growth in logistics, data management, and cloud computing. The company has also been expanding its media and entertainment divisions over the past few years.
Alibaba’s latest sales projections would mark one of the company’s strongest years to date. Last year, revenues grew about 56%, but that included the impact of Lazada, a regional e-commerce company that was included in Alibaba’s sales figures starting in April. Without that unit, Alibaba grew by about 45%.
Interestingly, Wu did not mention Alibaba’s gross merchandise volume figures. The company no longer reports GMV in its quarterly reports.
Want more stock market analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>