Stock Alert: BigCommerce Hits New 52-week High On Instagram Integration

Product found in insect repellent reportedly offers some protection against Covid-19

  • Scientists have reportedly found that a product used in insect repellent can kill the strain of coronavirus that causes Covid-19. 
  • The product is called Citriodiol. 

British military scientists have discovered that a product found in insect repellent can kill the strain of coronavirus that causes Covid-19, Sky News reported on Wednesday.

The product, Citriodiol, could offer a new layer of protection against Covid-19 according to scientists at the U.K.'s Defence Science and Technology Laboratory, Sky said.   

Eaton Vance Slips To Loss In Q3

Eaton Vance Corp. (EV) reported that its third-quarter net loss attributable to shareholders was $1.59 million or $0.01 per share compared to net income of $102.22 million or $0.90 per share in the prior year. The latest-quarter results reflected a $0.90 per share charge against earnings in connection with a $100.5 million impairment loss recognized during the quarter on the company’s investment in 49 percent-owned affiliate Hexavest.

Adjusted earnings per share were $0.82, a decrease of 7 percent from $0.88 last year.

Quarterly revenue decreased 2 percent to $420.8 million from $431.2 million in the third quarter of fiscal 2019.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.78 per share and revenues of $406.23 million. Analysts’ estimates typically exclude special items.

Stock Alert: Anaplan Shares Soar 25% On Upbeat Q3, FY21 Guidance

Shares of Anaplan Inc. (PLAN) are climbing more than 25% Wednesday morning, after the company issued upbeat revenue guidance for the third quarter and fiscal year 2021, while reporting a narrower loss for the first quarter.

Q3, FY21 Outlook

The company sees Q3 total revenue to be in the range of $109 million – $110 million, and fiscal 2021 revenue between $437 million and $439 million. Wall Street analysts estimate revenue of $108.35 million for the third quarter, and $433.45 million for fiscal 2021.

Q2 Results

The company’s Q2 net loss was $35.5 million or $0.26 per share compared to a loss of $40.6 million or $0.31 per share last year.

Non-GAAP loss per share was $0.04, compared to a loss of $0.12 in the second quarter of fiscal 2020.

Total revenue increased to $106.5 million from $84.5 million generated a year ago.

Analysts polled by Thomson Reuters expected a loss of $0.12 per share on revenue of $103.42 million for the quarter. Analysts’ estimates typically exclude certain special items.

George Washington visited this 270-year-old house for sale

A HISTORIC home that once served as a trading post — and was allegedly visited by George Washington — has hit the market for $1.25 million. The home, located at 1 Shingle House Road in the Westchester County hamlet of Millwood, NY, about 30 miles north of Manhattan, dates back about 1750, before the American Revolution. It features four bedrooms thanks to a modern addition. Details include a formal dining room, two woodburning fireplaces and a large chef’s kitchen connects to a family room with a gas fireplace. There’s also a home office/gym, French doors that open to a stone patio with a stone wall enclosure and a detached two-car garage with a 220-volt charger for an electric car. The property, on three-quarters of an acre, includes room for a pool. The current owners bought the house in 1990 for $370,000. They have since restored it and doubled its size, all while raising their children here. The house is within the well-regarded Chappequa school district. Now empty nesters, the couple plans on moving full-time to their second home in the Berkshires. The listing brokers are Maya Sheehan and Natalia Wixom, of Compass.

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Stock Alert: Splunk Up 6% Ahead Of Q2 Earnings

Shares of Splunk Inc. (SPLK) are rising more than 6 percent or $12.35 in Wednesday’s morning trade at $215.97.

Splunk is slated to report its financial results for the second quarter after market close on Wednesday. The San Francisco-based company is a developer of software solutions that enable organizations to gain real-time operational intelligence.

On average, analysts polled by Thomson Reuters expect the company to report loss of $0.33 per share for the quarter on revenues of $522.52 million. Analysts’ estimates typically exclude special items.

Splunk has traded in a range of $93.92 to $217.36 in the past 52 weeks.

Stock Alert: BigCommerce Hits New 52-week High On Instagram Integration

Shares of BigCommerce Holdings Inc. (BIGC) are rising almost 20 percent or $20.65 in Wednesday’s morning trade at $124.74, after earlier touching a new 52-week high of $127.73.

BigCommerce, an open SaaS ecommerce platform, said Tuesday it has partnered Facebook Inc. (FB) to unlock checkout on Instagram for eligible U.S. merchants. The company noted that BigCommerce merchants can adopt the new feature, which provides shoppers a seamless and secure way to purchase products they discover on Instagram in a few clicks, without leaving the app.

Leveraging BigCommerce’s native integration with Facebook Commerce Manager, merchants can connect their e-commerce storefront’s catalog to Instagram and give customers the ability to buy from their favorite brands directly on Instagram, rather than navigating to a brand’s website to make a purchase-and pay.

BigCommerce has traded in a range of $63.77 to $127.73 in the past 52 weeks.