We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Riskified (RSKD) Stock Jumps 10.4%: Will It Continue to Soar?
Read MoreHide Full Article
Riskified (RSKD - Free Report) shares ended the last trading session 10.4% higher at $7.01. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.7% gain over the past four weeks.
Riskified is benefiting from accelerating demand driven by increasingly complex fraud, strong platform enhancements, new merchant acquisitions, upsell activity, and robust growth in the digital finance and ticketing sectors.
This provider of fraud-prevention services is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $103.9 million, up 26.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Riskified, the consensus EPS estimate for the quarter has been revised 60% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on RSKD going forward to see if this recent jump can turn into more strength down the road.
Riskified is part of the Zacks Internet - Software industry. Rapid7 (RPD - Free Report) , another stock in the same industry, closed the last trading session 3.1% higher at $12.85. RPD has returned 2.3% in the past month.
For Rapid7, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.45. This represents a change of -21.1% from what the company reported a year ago. Rapid7 currently has a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
Riskified (RSKD) Stock Jumps 10.4%: Will It Continue to Soar?
Riskified (RSKD - Free Report) shares ended the last trading session 10.4% higher at $7.01. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.7% gain over the past four weeks.
Riskified is benefiting from accelerating demand driven by increasingly complex fraud, strong platform enhancements, new merchant acquisitions, upsell activity, and robust growth in the digital finance and ticketing sectors.
This provider of fraud-prevention services is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $103.9 million, up 26.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Riskified, the consensus EPS estimate for the quarter has been revised 60% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on RSKD going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Riskified is part of the Zacks Internet - Software industry. Rapid7 (RPD - Free Report) , another stock in the same industry, closed the last trading session 3.1% higher at $12.85. RPD has returned 2.3% in the past month.
For Rapid7, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.45. This represents a change of -21.1% from what the company reported a year ago. Rapid7 currently has a Zacks Rank of #3 (Hold).