AvePoint(AVPT)
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AvePoint (AVPT) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-11-20 18:00
Core Viewpoint - AvePoint, Inc. (AVPT) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. AvePoint's Earnings Outlook - For the fiscal year ending December 2024, AvePoint is expected to earn $0.18 per share, reflecting a 125% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for AvePoint has risen by 66.7%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of AvePoint to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10][11].
Are Business Services Stocks Lagging AvePoint (AVPT) This Year?
ZACKS· 2024-11-20 15:41
Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is AvePoint, Inc. (AVPT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.AvePoint, Inc. is a member of our Business Services group, which includes 305 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 di ...
AvePoint Introduces First-to-Market Benchmarking Data for Microsoft 365 Copilot
GlobeNewswire News Room· 2024-11-19 14:00
JERSEY CITY, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance, and resilience, today at Microsoft Ignite announced first-to-market Microsoft 365 Copilot benchmarking capabilities within AvePoint tyGraph to give organizations critical insights into how their AI adoption and usage patterns compare to others. Adding to the AvePoint Confidence Platform, which powers secure and effective AI initiatives, these enhancements help organizations evaluate ...
AvePoint to Participate in Upcoming Investor Conferences
GlobeNewswire News Room· 2024-11-11 14:00
Group 1 - AvePoint, a global leader in data management and governance, will present at several upcoming investor conferences, including the Needham 18th Annual Security, Networking & Communications Conference on November 19, 2024, and the Wells Fargo 8th Annual TMT Summit on December 3, 2024 [1] - The company will also attend the RBC 2024 Capital Markets Global Technology, Internet, Media and Telecommunications Conference on November 20, 2024, and the Northland Growth Conference on December 12, 2024 [1] - A live and archived webcast of all presentations will be available on AvePoint's Investor Relations website [1] Group 2 - AvePoint serves over 21,000 customers globally, providing solutions that secure the digital workplace across platforms like Microsoft, Google, and Salesforce [2] - The company's global partner program includes over 3,500 managed service providers, value-added resellers, and systems integrators, with solutions available in more than 100 cloud marketplaces [2]
AvePoint(AVPT) - 2024 Q3 - Earnings Call Transcript
2024-11-08 03:58
AvePoint, Inc. (NASDAQ:AVPT) Q3 2024 Earnings Call November 7, 2024 4:30 PM ET Company Participants Jamie Arestia - Investor Relations TJ Jiang - Chief Executive Officer Jim Caci - Chief Financial Officer Conference Call Participants Jason Ader - William Blair Brett Knoblauch - Cantor Fitzgerald Nehal Chokshi - Northland Capital Markets Kirk Materne - Evercore ISI Derrick Wood - TD Cowen Operator Good day and welcome to the AvePoint Inc. Q3 2024 Earnings Call. [Operator Instructions] Please note this event ...
AvePoint, Inc. (AVPT) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-08 00:45
AvePoint, Inc. (AVPT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced a loss of $0.01, delivering a surprise of -133.33%.Over the last four quarters, the company has ...
AvePoint(AVPT) - 2024 Q3 - Quarterly Report
2024-11-07 22:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________. Commission file number: 001-39048 AvePoint, Inc. (Exact name of registrant as specified in its charter) Delaware 83-446170 ...
AvePoint(AVPT) - 2024 Q3 - Quarterly Results
2024-11-07 21:05
EXHIBIT 99.1 AvePoint Announces Third Quarter 2024 Financial Results Third quarter SaaS revenue of $60.9 million, representing 45% year-over-year growth Third quarter Total revenue of $88.8 million, representing 22% year-over-year growth Total ARR of $308.9 million, representing 23% year-over-year growth JERSEY CITY, N.J., Nov. 07, 2024 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in robust data management and data governance, today announced financial results for the third quarter ended S ...
AvePoint Launches AI Lab in Singapore to Drive Industry-Focused Innovation
GlobeNewswire News Room· 2024-11-06 02:00
SINGAPORE, Nov. 06, 2024 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the global leader in data management and data governance, today announced the launch of its AI Lab, supported by the Singapore Economic Development Board (EDB), to advance AI-driven research and innovation in the cutting-edge domains of artificial intelligence (AI) and machine learning. The AI Lab is set to address global industry challenges by fostering new research and embedding AI across the AvePoint Confidence Platform. The AI Lab wil ...
AvePoint to Announce Third Quarter 2024 Financial Results on November 7
GlobeNewswire News Room· 2024-10-22 20:05
JERSEY CITY, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in robust data management and data governance, will report its third quarter 2024 financial results after the US financial markets close on Thursday, November 7, 2024. The company will host a conference call at 4:30pm ET on Thursday, November 7, 2024. CEO and Co-Founder Dr. Tianyi Jiang (TJ) and CFO Jim Caci will provide an overview of these results, discuss current business trends, and conduct a question-and-ans ...