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UiPath ($PATH) Stock Surges After Q2 Earnings Beat Key Highlights of UiPath’s Q2 CY2024 Results: - Revenue: $316.3 million, a 10.1% year-on-year increase, beating analyst estimates of $303.7 million. - Adjusted Operating Income: $6.45 million, well above expectations of $0.4 million. - Earnings Per Share (Non-GAAP): $0.04, slightly ahead of expectations of $0.03. - Annual Recurring Revenue (ARR): $1.55 billion, up 18.6% year on year. - Free Cash Flow Margin: 13.4%, down from 30.2% in the previous quarter. UiPath ( NYSE:PATH ), a leader in automation software, delivered a strong second quarter for fiscal year 2024, exceeding analyst expectations and providing upbeat guidance. The company reported revenue of $316.3 million, marking a 10.1% increase from the previous year. While its gross margin dipped slightly to 80%, the overall results showcase UiPath’s resilience and growth potential in the competitive automation market. A Closer Look at the Numbers UiPath’s Q2 performance is noteworthy, given the current economic landscape. The company’s revenue beat by 4.1% compared to estimates, reflecting robust demand for its automation solutions. However, the free cash flow margin fell to 13.4%, signaling potential challenges in maintaining cash profitability amid rising operational expenses. The adjusted operating income of $6.45 million, significantly higher than analysts’ expectations, underlines improved execution and efficiency. CEO Daniel Dines credited the positive results to the company’s AI-powered automation platform, which continues to attract enterprise clients seeking to optimize their operations. UiPath ( NYSE:PATH ) also raised its full-year revenue guidance to $1.42 billion, highlighting management’s confidence in sustaining growth. Despite a slight dip in quarterly free cash flow, the company’s ability to generate cash and reinvest in its business remains strong, making it a compelling investment opportunity. Technical Outlook On the technical front, NYSE:PATH stock has been trading within a falling wedge pattern since February 20, 2024—a pattern often seen as a bullish reversal signal. This formation occurs when price action is bounded by two converging trendlines sloping downward, indicating that the selling momentum is losing steam. The recent earnings beat acted as a catalyst, pushing NYSE:PATH stock up by 8.48% in Friday’s premarket trading. The breakout from the falling wedge pattern suggests a shift in investor sentiment, transitioning from bearish to bullish. The stock’s RSI (Relative Strength Index) has moved from an oversold level of 38 to a more balanced position, indicating renewed buying interest. Moreover, the daily price chart reveals that NYSE:PATH has broken through key resistance levels, setting the stage for further upside. Historically, a falling wedge pattern often precedes a rally, as the consolidation phase allows the stock to build momentum before resuming an upward trajectory. What Investors Should Watch UiPath’s stock performance will hinge on its ability to sustain growth amid economic uncertainties. Investors should monitor upcoming earnings to see if the company can maintain its recent momentum. Key price levels to watch include the $14.50 mark, which represents a critical resistance level. A successful breach could propel NYSE:PATH higher, while failure to hold current gains might see the stock retest previous support levels near $12. The focus will be on UiPath’s cash flow margins and whether the company can stabilize these figures in the coming quarters. While the automation market remains highly competitive, UiPath’s strong Q2 results and bullish technical setup suggest that the stock could be poised for a meaningful recovery. Conclusion UiPath’s Q2 earnings exceeded expectations on several fronts, providing a much-needed boost to investor confidence. The combination of strong revenue growth, elevated ARR, and a positive technical breakout points to a brighter outlook for $PATH. However, sustaining this performance will require continued execution, especially as the company navigates fluctuations in cash profitability. Investors with a focus on growth and a willingness to embrace some volatility might find NYSE:PATH an appealing opportunity, particularly given its leadership in the expanding automation sector. With Wall Street’s estimates now adjusted upwards, UiPath looks set to capitalize on its current momentum and drive further shareholder value.
NYSE:PATHLong
by DEXWireNews
2
AVGO, Split coming? On it's way to 1550?The chart for Broadcom Inc. (AVGO) on the NASDAQ shows a bullish breakout from a falling wedge pattern, indicating a potential upward price movement. After the breakout, the price has consolidated around the $1,406.64 level, suggesting a healthy pause before the next move. The RSI at 57.48 indicates neutral to slightly bullish momentum, and increased volume during the breakout adds credibility to this move. The projected path suggests the price will consolidate around $1,407.78 before breaking out to $1,419.17 and potentially reaching $1,438.35 and $1,445.40. Considering these factors, entering a long position if the price breaks above $1,419.17 with strong volume could be beneficial, with a stop loss below $1,391.91 to manage risk and targets at $1,438.35 and $1,445.40. This could easily tun to 1550 with a 10% implied move on earnings. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before making any trading decisions.
NASDAQ:AVGO
by MysticMads
UiPath Stock Plummets 34.75% Amid Sudden Departure of CEOUiPath ( NYSE:PATH ) shares plummeted 34.75% following an unexpected CEO shakeup and weak sales guidance. CEO Rob Enslin is stepping down on June 1 and will be replaced by co-founder Daniel Dines, who had resigned as co-CEO on January 31. The company cited a softening macroeconomic environment and the leadership transition for its weaker-than-expected sales outlook. UiPath ( NYSE:PATH ) expects current-quarter revenue of $300 million to $305 million, with the top of that forecast coming in significantly below the $333 million expected by analysts. For the full year, the company downwardly revised its guidance, saying it now expects net sales in the period of $1.405 billion to $1.410 billion, below its earlier forecast of between $1.555 billion and $1.560 billion. Since reaching their current 2024 high in early February, UiPath shares ( NYSE:PATH ) have continued to track lower, with the price recently falling below the 200-day moving average (MA) to sit on a multi-month trendline leading into the company's quarterly results. The 50-day MA looks set to soon cross down below the 200-day MA to form an ominous death cross, a pattern that often confirms the start of a new downtrend. Amid Thursday's earnings-driven sell-off, investors might monitor if the stock can close above the $14 level, an area on the chart that finds support from a horizontal line extending back to the May 2022 swing low. An inability of buyers to defend this important level could see the shares retest their record low set at $10.40 in November 2022.
NYSE:PATH
by DEXWireNews
UiPath Record Revenue and Strategic Partnerships Propel GrowthUiPath ( NYSE:PATH ), the pioneering enterprise automation and AI software company, has announced its fourth quarter and full-year fiscal 2024 financial results, showcasing remarkable growth and strategic initiatives that underscore its position as a leader in the industry. In the fourth quarter, UiPath ( NYSE:PATH ) reported record-breaking revenue of $405 million, marking a significant 31 percent increase year-over-year. Accompanying this impressive revenue growth was an equally noteworthy achievement: UiPath achieved its first quarter of GAAP profitability as a public company, demonstrating its commitment to financial stability and long-term success. Key to UiPath's ( NYSE:PATH ) success is its Business Automation Platform, which continues to deliver meaningful outcomes for its customers. With an Annual Recurring Revenue (ARR) reaching $1.464 billion, representing a robust 22 percent increase year-over-year, UiPath's platform empowers organizations to streamline processes, innovate, and adapt more quickly in today's rapidly evolving digital landscape. Rob Enslin, UiPath's Chief Executive Officer, emphasized the transformative power of UiPath's AI and automation solutions, stating, "The combination of UiPath’s AI and automation is the strategic change enabler for our customers that makes any digital transformation easier and faster, while empowering customers to innovate, adapt more quickly, and grow." UiPath's financial highlights for the full year fiscal 2024 further underscore its sustained growth trajectory. With revenue reaching $1.308 billion, a 24 percent increase year-over-year, and a net new ARR of $260 million, UiPath has demonstrated its ability to deliver value and drive operational excellence. Ashim Gupta, UiPath's Chief Financial Officer, expressed satisfaction with the company's performance, highlighting significant year-over-year increases in operating margins and record cash flow. Looking ahead to fiscal year 2025, Gupta outlined strategic investments to further expand UiPath's( NYSE:PATH ) market leadership while maintaining a focus on operating leverage. In addition to its stellar financial performance, UiPath has announced several recent business highlights that underscore its commitment to innovation and strategic partnerships. These include the launch of UiPath Autopilot™ for Studio and Autopilot™ for Test Suite, an expanded partnership with Google Cloud, and the introduction of turnkey automation offerings in collaboration with Deloitte, among others. Furthermore, UiPath's ( NYSE:PATH ) recent appointment of technology executive June Yang to its Board further strengthens its leadership team and positions the company for continued growth and success in the dynamic AI and automation landscape.
NYSE:PATHShort
by DEXWireNews
SMCI - builds the data centers for AI and is hotter than hotSuper Microcomputer is on hard run up trend- at its all-time high, this stock is demonstrating a high tight bull flag pattern. In a massive move SCMI is up 180% YTD five months so on pace for 400% annualized. Most experts expect more of the same. It is currently resting in consolidation ( the tight channel of the pattern) The zero-lag MACD shows the lines about to cross over the histogram. I will watch this stock for either a bullish continuation or a pullback. Its fundamentals are outstanding and its collaboration with NVDA will carry it far. I will wait for a great entry and take a big bite. This stock's P/E makes it an incredible bargain.
NASDAQ:SMCILong
by AwesomeAvani
4
UiPath Stock Spikes More Than 20% After Earnings BeatKey Takeaway 1. UiPath’s stock surged more than 20% after the market opened Friday. 2. The company posted quarterly earnings Thursday that beat revenue and adjusted earnings per share expectations. UiPath stock popped more than 20% on Friday, one day after the company released quarterly earnings that beat Wall Street’s top- and bottom-line expectations. The enterprise automation software company posted $325.9 million in revenue for the quarter ending Oct. 31, in contrast to the LSEG, formerly Refinitiv, estimate of $315.6 million. Adjusted earnings per share came in at $0.12, more than the $0.07 analyst projection. UiPath also raised its fourth-quarter and full-year fiscal 2024 outlook for annual recurring revenue. Its ARR was up 24% year over year to $1.38 billion. For companies like UiPath that are reliant on subscriptions, annual recurring revenue is an important metric that reveals how much money a company receives on a recurring basis. Analysts across the board were pleased with the ARR raise and the company’s strategy to target new businesses. “Its strategic bet, almost a year old, on driving value for big clients with the longest/broadest automation journeys is paying off; these customers are driving the lion’s share of growth,” analysts from Davidson wrote in a note to investors. Bank of America analysts highlighted UiPath’s expansion into new verticals, such as retail, IT and manufacturing, as part of their optimistic expectations for the company’s growth. “We expect to see a healthy reacceleration in key growth metrics such as ARR and NRR (net revenue retention), in Q1 when we reach easier comparisons in the small business segment,” Bank of America analysts wrote in a note to investors. Davidson analysts believe that more widespread adoption can be attributed, at least in part, to UiPath’s integration of generative artificial intelligence. The weaving of Generative AI into its broadened automation platform, is driving strong adoption amongst enterprises. Technical Analysist PATH is trading near the top of its 52-week range and above its 200-day simple moving average. Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NYSE:PATHLong
by DEXWireNews
Path needs CPR and someone's giving it!Path has been theta crushed for over a month but you know what.... Someone is breathing life back into it and its about to come back to life. This set up is strong.. all time frames are in agreeance with this price that is sitting right above it... that means price will slide right through this resistance area and find support... once that happens it will launch. I will make a smaller time frame version of this to watch. This indicator is my ESVO that I have upgraded and now has alerts for price contraction, speed doubling, and volume spikes... plus some icon love that shows when a explosion in price could happen following re-accumulation... which is represented by a nuclear reactor symbol and takes between 51-31-31 bars after each symbol.. typically you get 3 the last 31 marks when price goes back into contraction phase. The lines depending on which is on top or bottom represent timeframes and the aqua is the key to the push up or down. Its location how straight or unruly it is. What other timeframes it crosses. When it crosses price action. This timeframe when an algo or big institutional is on a chart.... Tells you warning signals as early as 24 hours before an event. It takes a certain set of conditions that you have to learn to look for but that's as easy as just panning through charts one after another with about 1-5 secs on each. One day I will get a scanner to do it but IM not done playing with it. When the lines are all together and price is about to pop it.. that's your move. It needs support after that. When it finds it... its gone. Now 3 problems you have to work out. 1. Are you in low enough or can you stomach the time it takes to pull back and find support? 2. Can you stomach the pull back if you didn't get in low enough? 3. Last and most important in this market... Can you pull the trigger and get out when you have made a profit, or will greed keep you in to see it disappear? The last one is the one I have the most issue with and am trying to find a solution to. When is enough.. I need to add an auto profit target to the indicator and I think it will be complete enough to stand on its own outside of any other alerts and goodies I want to add. Thanks ChatGPT for the coding and Yes I used my own formula for the lines and how they are calculated, I also added some accelerators to make it more responsive for Forex and futures trading. The speed gauge is so you can take a pic when you get in and can pull it up and see where you are as far as speed and movement or velocity. is it ramping up or dying off..... by iCantw84it 08.30.23
NYSE:PATHLong
by iCantw84it
PATH Needs CPR & it looks like someone is breathing life in it!Path has been theta crushed for over a month but you know what.... Someone is breathing life back into it and its about to come back to life. This set up is strong.. all time frames are in agreeance with this price that is sitting right above it... that means price will slide right through this resistance area and find support... once that happens it will launch. I will make a smaller time frame version of this to watch. This inidicator is my ESVO that I have upgraded and now has alerts for price contraction, speed doubling, and volume spikes... plus some icon love that shows when a explosion in price could happen following re-accumulation... which is represented by a nuclear reactor symbol and takes between 51-31-31 bars after each symbol.. typically you get 3 the last 31 marks when price goes back into contraction phase. The lines depending on which is on top or bottom represent timeframes and the aqua is the key to the push up or down. Its location how straight or unruly it is. What other timeframes it crosses. When it crosses price action. This timeframe when an algo or big institutional is on a chart.... Tells you warning signals as early as 24 hours before an event. It takes a certain set of conditions that you have to learn to look for but thats as easy as just panning through charts one after another with about 1-5 secs on each. One day I will get a scanner to do it but IM not done playing with it. When the lines are all together and price is about to pop it.. that's your move. It needs support after that. When it finds it... its gone. Now 3 problems you have to work out. 1. Are you in low enough or can you stomach the time it takes to pull back and find support? 2. Can you stomach the pull back if you didn't get in low enough? 3. Last and most important in this market... Can you pull the trigger and get out when you have made a profit, or will greed keep you in to see it dissapear? The last one is the one I have the most issue with and am trying to find a solution to. When is enough.. I need to add an auto profit target to the indicator and I think it will be complete enough to stand on its own outside of any other alerts and goodies I want to add. Thanks ChatGPT for the coding and Yes I used my own formula for the lines and how they are calculated, I also added some accelerators to make it more responsive for Forex and futures trading. The speed gauge is so you can take a pic when you get in and can pull it up and see where you are as far as speed and movement or velocity. is it ramping up or dying off..... by iCantw84it 08.30.23
NYSE:PATHLong
by iCantw84it
PATH - Rising Volume Lifts PricesOn the 4H chart PATH was on a trend down in April. The strength momentum ( green band) was in a narrow range. In May as can be seen on the indicators, both volume and more especially volatility have increased significantly. The chart pattern is now that of an upward facing megaphone reflecting the volatility. The strength momentum band is much wider. Price is above the POC line of the volume profile reflecting a bullish dominance. Fundamentally, PATH is a player is the exploding AI subsector. Cathie Wood is quietly accumulating shares for her ETFs as are many other large portfolio investors. In summary, PATH appears to be an excellent long setup. Sitting in the shadows of NVDA, MU, TSM and others whose focus is hardware, PATH provides software and services it. Its path to hypergrowth and so price appreciation appears to be abundantly clear.
NYSE:PATHLong
by AwesomeAvani
Longsetup for PATHNYSE:PATH We realized some unusual call volume in the last days for the chinese stock of PATH. UiPath is a leading robotic process automation player. UiPath's stock has emerged as an attractive buy-the-dip pick. High inflation has made it more difficult for organizations to manage expenses. UiPath's low-code software tools help organizations easily automate repetitive processes and tasks without the aid of a software engineer. The result is that businesses can save on time and costs, reduce human errors, and enjoy higher operational efficiency. As evidence of the appeal of UiPath's offerings, consider that it added 1,020 new customers in the past year and served 10,650 customers at end of its fiscal third quarter on Oct. 31. Its annual recurring revenue rose by 36% to $1.1 billion at end of fiscal Q3 -- a figure that gives the company high revenue visibility. Its fiscal Q3 dollar-based net retention rate of 126% further highlights how successful it has been at cross-selling and upselling its products. And UiPath also boasts a solid balance sheet, with $1.7 billion in cash and negligible debt. (source: yahoo finance) We bought the stock at 15.57 $ Buy Market: 15.57 $ Sell Stop Loss: 13.00 Sell Profit Target: 22.00 When the stock reaches 19.00 $ you can also move the stoploss to your entry price as a breakeven stop.
NYSE:PATHLong
by tradevola
ADANI GREEN ENERGY!! PATH!!this astock will go down till 2000, and then move up and continue to its trend!! 1. purple line is the trend actually trend, based on stock getting consolidated. 2. blue lines are the major levels. 3. black lines are the trends which define that stock will come down till 2000, and then move upside(since reaching at 2000 level, the stock will be at its bottom). I HAVE DRAWN THE 4 PHASES GREATLY(REALLY SORRY FOR THAT BAD SCRIBBLE:P), BUT YES I HOPE YOU ARE GETTING MY POINT. SEE YOU IN MY NEXT ANALYSIS.
NSE:ADANIGREENLong
by raghavchoudhary2016