On Friday, rumors of some kind of cyberattack against HubSpot began circulating on social media. When reached for comment, HubSpot spokesperson Camille Uzel told TechCrunch that on June 22 the company "identified a security incident that involved bad actors targeting a limited number of HubSpot customers and attempting to gain unauthorized access to their accounts." Do you have more information about the Evolve breach and how it's impacting partner companies? From a nonwork device, you can contact Lorenzo F ...

Core Insights - Meta Platforms has successfully moved past its 2022 challenges, showcasing high revenue growth and improved profit margins in 2023 [3][12] - HubSpot reported a significant turnaround with a 23% year-over-year revenue increase and a net income of $5.9 million, compared to a loss of $36.6 million in the same quarter last year [7] - Semrush has demonstrated strong customer growth and revenue increases, with a 32% year-over-year rise in customers paying at least $10,000 annually [16] Group 1: Meta Platforms - Meta Platforms operates major social media platforms like Facebook, Instagram, and WhatsApp, which have billions of users and generate substantial ad revenue [3] - In the first quarter, ad impressions increased by 20% year-over-year, and the average price per ad rose by 6% [4] - The company achieved a 33.9% net profit margin in the first quarter, reflecting its focus on efficiency [12] Group 2: HubSpot - HubSpot's revenue growth is primarily driven by recurring subscriptions, making it difficult for customers to leave once they are integrated into the platform [7] - The stock has more than tripled over the past five years and is rated as a Strong Buy, with a projected 16% upside [15] Group 3: Semrush - Semrush has approximately 112,000 paying customers and reported $354.2 million in annual recurring revenue [16] - The company achieved 21% year-over-year revenue growth in the first quarter, with revenue reaching $85.8 million and a GAAP net income of $2.1 million [18] - Semrush anticipates maintaining a 20% year-over-year revenue growth rate throughout 2024 [18]

This cloud-based marketing and sales software platform is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +21.6%. Revenues are expected to be $618.14 million, up 16.8% from the year-ago quarter. HubSpot is a member of the Zacks Internet - Software industry. One other stock in the same industry, EverCommerce (EVCM) , finished the last trading session 2% higher at $10.02. EVCM has returned -5.1% over the past month. The uptrend is prim ...

Core Viewpoint - HubSpot reported strong Q1 2024 earnings, exceeding estimates in both revenue and net income, driven by user engagement and AI integration across its platform [2][3][4]. Financial Performance - Net income on a GAAP basis was $5.9 million (12 cents per share), a significant improvement from a loss of $36.6 million (74 cents per share) in the prior year [3]. - Non-GAAP net income reached $89.1 million ($1.68 per share), up from $63 million ($1.22 per share) year-over-year, beating the Zacks Consensus Estimate by 19 cents [3]. - Quarterly revenues increased to $617.4 million from $501.6 million year-over-year, surpassing the Zacks Consensus Estimate of $596 million [4]. Customer Growth - HubSpot added over 11,700 net new customers, bringing the total customer count to 216,840, a 22% increase year-over-year, exceeding the consensus estimate of 214,877 [6]. - Subscription revenues rose to $603.8 million, up 23% year-over-year, also surpassing the Zacks Consensus Estimate of $585 million [6]. Product and Service Integration - The integration of HubSpot AI across the platform has enhanced user experience, with features like GPT-powered chatbots and real-time recommendations gaining traction [5]. - Professional services and other revenues totaled $13.6 million, up from $11.9 million in the year-ago quarter, marginally beating the consensus estimate of $12.22 million [7]. Profitability and Margins - Gross profit for the quarter was $522.3 million, up from $421.3 million year-over-year [8]. - Non-GAAP operating income improved to $92.6 million from $69.4 million, with respective margins of 15% and 13.8% [8]. Cash Flow and Liquidity - Cash generated from operating activities was $127.1 million, compared to $81.1 million in the prior year [9]. - As of March 31, 2024, HubSpot had $447.8 million in cash and cash equivalents [9]. Future Outlook - For Q2 2024, HubSpot forecasts revenues between $617 million and $619 million, with non-GAAP net income per share expected to be in the range of $1.62 to $1.64 [10]. - For the full year 2024, management estimates revenues between $2.55 billion and $2.56 billion, with non-GAAP net income per share likely to be in the range of $7.30 to $7.38 [11]. Market Position - HubSpot has a strong Growth Score of A and a momentum score of A, but a low value score of F, resulting in an aggregate VGM Score of B [12]. - The stock has a Zacks Rank 3 (Hold), indicating an expectation of in-line returns in the coming months [13].

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The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short- term price trends and shows more trend reversal signals than longer-term moving averages. Once investors consider HUBS's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 10 raised estimates, ...

From a technical perspective, HubSpot (HUBS) is looking like an interesting pick, as it just reached a key level of support. HUBS recently overtook the 50-day moving average, and this suggests a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down ...

A potential offer from Google parent Alphabet is confirmed. Shares of HubSpot (HUBS 9.04%) were rallying on Tuesday, up 8.9% as of 3:24 p.m. ET. Today, CNBC's David Faber reported that the recent rumors of acquisition talks between HubSpot and Google parent Alphabet (GOOG 0.69%) (GOOGL 0.56%), which have been circulating for about a month, were true. Moreover, the potential acquisition would be an all-stock deal. That's interesting and somewhat surprising, and could result in an even bigger benefit for HubS ...

Reports of a potential deal first surfaced in early April, when Reuters published a story saying Alphabet was talking to advisors about making an offer for HubSpot. Bloomberg followed with a story earlier this month, indicating that talks were progressing. HubSpot shares rallied 9% on Tuesday after CNBC's David Faber reported that Alphabet is looking at an all- stock offer for the software company. "There have been many reports about HubSpot being in conversations with Google," Faber said Tuesday. "My under ...

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. HubSpot (HUBS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this cloud-based marketing and sa ...