Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Have you been paying attention to shares of Vertex (VERX) ? Shares have been on the move with the stock up 28.9% over the past month. The stock hit a new 52-week high of $55.52 in the previous session. Vertex has gained 104.7% since the start of the year compared to the 29.2% move for the Zacks Computer and Technology sector and the 34.2% return for the Zacks Internet - Software industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed ...

Shares of Vertex, Inc. (VERX) , a leader in tax compliance and automation software, have skyrocketed 105% year to date (YTD). This impressive rally has placed Vertex among the top performers in the broader technology sector, vastly outperforming both the Zacks Internet - Software industry and The Technology Select Sector SPDR Fund (XLK) ETF, which posted gains of 32.6% and 22%, respectively.YTD Price Return PerformanceImage Source: Zacks Investment ResearchWhile such a rally raises questions about the stock ...

Vertex Pharmaceuticals (NASDAQ: VRTX ) reported better than expected earnings on the 4th of November with the stock surging over 5%. The company beat both revenue and earnings estimates, while raising its 2024 guidance, as sales increased 12% on a year-over-year basis. The short-lived rallyBrendan, a Pennsylvanian by birth:-Completed a Ph.D. at Stanford University in the field of organic synthesis (2009). -Worked for a major pharmaceutical company (Merck, 2009-2013).-Worked in biotech including start-ups (T ...

Vertex (VERX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-t ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is mad ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

My previous investment thought on Vertex, Inc. (NASDAQ: VERX ) (published on 21 st Aug) was a buy rating because I was bullish on the growth potential, backed by the ongoing ECC to S/4HANA migration trend and the newI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities. My investment approach revolves around bottom-up analysis, delving into the fundamental strengths and weaknesses of individual companies. My investment duration is the medium to long-term. Ulti ...

Table of Contents Title of each class Trading symbol Name of each exchange on which registered Class A Common Stock, Par Value $0.001 Per Share VERX The Nasdaq Stock Market LLC 1 v UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ 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 th ...

For the quarter ended September 2024, Vertex (VERX) reported revenue of $170.44 million, up 17.5% over the same period last year. EPS came in at $0.16, compared to $0.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $165.53 million, representing a surprise of +2.96%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.14.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...