Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GRPN
SAN FRANCISCO (MarketWatch) -- Groupon Inc.(GRPN) is on tap to deliver its second-quarter earnings reportt after the close of trading Tuesday, with the online daily deal and e-commerce company expected to meet analysts' estimates, but possibly dampen expectations for the third quarter.
Here's what investors can expect:
Earnings: Analysts surveyed by FactSet are expecting Groupon(GRPN) to earn a penny a share, excluding one-time items such as stock-option expenses. During the year-ago period, Groupon(GRPN) earned 2 cents a share.
Revenue: Groupon(GRPN) is expected to report sales of $762 million, which would be a 25% gain over the $608.7 million in sales the company took in a year ago.
Stock reaction: It's probably safe to say that investors aren't too happy with how Groupon's(GRPN) stock price has performed this year. Groupon(GRPN) shares traded at around $6.40 on Friday, and are down more than 45% for the year. And since reaching a 52-week-high of $12.76 a share on Sept. 19, 2013, the shares have fallen almost 50%
Other matters: Groupon(GRPN) has been in transition since firing Andrew Mason from his Chief Executive job in Feb. 2013. The company is focusing more of its efforts on deals and e-commerce to, as Groupon(GRPN) calls it, "pull" in consumers as opposed to pushing out deals that give customers a limited amount of time in which to respond.
"The transition to a "pull" from "push" commerce is expected to temper near-term revenues, along with an increase in marketing costs," said analyst Edward Woo of Ascendiant Capital Markets. "We are not yet convinced that Groupon(GRPN) is on a consistent path towards growth and profitability and believe its share price is likely to remain volatile and weak until it demonstrates it can grow both consistently."
Woo, who has a sell rating and $5-a-share target price on Groupon's(GRPN) stock, added that he believes Groupon(GRPN) will give third-quarter estimates that are below the current consensus outlook for a profit of 5 cents a share on $759 million in revenue.
Arvind Bhatia, of Sterne Agee, said he believes investors will be looking for signs of improvement in three key areas from Groupon(GRPN): revenue growth in local deals, improvement in the company's gross margins for goods and progress in its international operations. Bhatia has a buy rating and $12-a-share target price on Groupon's(GRPN) stock.
-Rex Crum; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
08-05-140724ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Good Morning ATS
Good morning!
I'll take anything that helps get the PPS where it should be but FACT of news would be better than a rumor although it seems the price always come down instead of up on news!
VRNG
Beach, any idea about the strong close?
LOCO
OK who made the most shorting this?
Think it will bounce @ 0.0018 SS?
Morning AT, Morning Beach
Morning all others
I am proud to be a LLTL on ATS.
(Lerner Looking to Learn)
^5
Right On Copper
You don't think they've already made a few million maybe even aBillion flipping us over the last two years!
DPW AGAIN old news but what caused the pop today
MIDNIGHT TRADER 9:42 AM ET 7/28/2014
Symbol Last Price Change
DPW 1.57 +0.32 (+25.6%)
QUOTES AS OF 03:25:55 PM ET 07/28/2014
10:42 AM EDT, 07/28/2014 (MT Newswires) -- Digital Power Corporation's(DPW) wholly-owned subsidiary, Digital Power Limited, has secured a $2 million order from the Republic of Korea to provide uninterruptible power supply systems to be fitted to Military Afloat Reach and Sustainability (MARS) tankers being built by Daewoo Shipbuilding and Marine Engineering.
Shares in Digital Power Corporation(DPW) were up 38.20% to $1.73. Over the past 52 weeks, the company has traded between $0.52 and $3.05.
Price: 1.73, Change: +0.48, Percent Change: +38.20
©http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
WPCS Old news but still what caused the pop
8K FILLED TODAY
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): July 28, 2014
WPCS INTERNATIONAL INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 001-34643 98-0204758
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
600 Eagleview Boulevard, Suite 300, Exton, PA 19341
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (484) 359-7228
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On July 28, 2014, WPCS International Incorporated (the “Company”) issued a press release announcing the launch of Celery, a web-based trading platform for the purchase and sale of digital currencies, initially focused on Bitcoin and Dogecoin, that was developed by the Company’s wholly-owned subsidiary, BTX Trader LLC. A copy of the press release that discusses this matter is filed as Exhibit 99.01 to, and incorporated by reference in, this report. The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.01 Press Release, dated July 28, 2014, issued by WPCS International Incorporated
2
SIGNATURE
Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
WPCS INTERNATIONAL INCORPORATED
Date: July 28, 2014 By: /s/ JOSEPH HEATER
Joseph Heater
Chief Financial Officer
3
--------------------------------------------------------------------------------
Exhibit 99.01
WPCS Provides Shareholders with Update on
BTX Trader and Launch of New Digital Currency Product
BTX Trader Appoints Clarity PR for Public Relations and Social Media Marketing
EXTON, PA - (Marketwired – July 28, 2014) - WPCS International Incorporated (NASDAQ: WPCS) (the “Company”), which specializes in contracting services for communications infrastructure and the development of a digital currency trading platform, today is providing shareholders with an update on its web and desktop multi-exchange Bitcoin trading platform, BTX Trader. Additionally, the Company is announcing the launch of Celery, its new web-based cryptocurrency product committed to putting digital currency in the hands of ordinary consumers.
BTX Trader was acquired in December 2013 and had initially offered as a trading platform to enable Bitcoin traders and investors to access cryptocurrency market data as well as have the ability to execute orders from the top exchanges on a single application. Originally launched as beta on a downloadable desktop application in December 2013, today BTX Trader is accessible online with 5,000 users and over 1,500 unique visitors per month.
According to WPCS Interim CEO, Sebastian Giordano, “The BTX Trader team has done an excellent job of launching its trading platform aimed at the Bitcoin trading community and establishing a brand in a short amount of time with limited resources and exposure. The launch of our second product, targeted to consumers, will not only allow us to enter the transactional world, but enable new product offerings through this cutting edge technology to bring additional revenue streams.”
BTX Trader was created as a leverageable software product for the development, testing and launch of other valuable products within the digital currency industry. Today, BTX Trader is pleased to announce the launch of Celery, the simplest and fastest way for consumers to buy their first digital currency, initially focused on Bitcoin and Dogecoin. Celery is the only hosted online wallet with direct bank transfers on the market that offers access to multiple types of digital currency. Celery employs bank transfers and the most straightforward user experience on the market.
“Digital currency is more than a novelty,” stated BTX Trader Chief Operating Officer, Ilya Subkhankulov. “Major merchants, including Expedia and Newegg are validating the market by accepting Bitcoin as payment, while increasing regulatory clarity is giving more confidence in the stability and value of the technology. However, as the process of acquiring their first coins remains too complex, most consumers are excluded from this revolution. Bitcoin-mining computers are too expensive for most users, while acquiring coins from an exchange requires initiating wire transfers and can take up to five days. Celery keeps things simple by using friendly language, only asking for basic sign-up information and using direct bank funding, meaning customers can use their first coins from their new Celery wallet dashboard within just three to four days.”
Mr. Subkhankulov added, “In addition, we have recently engaged the services of Clarity PR for Public Relations and Social Media Marketing. The entire team at Clarity PR brings an extensive network and expertise within the digital currency industry needed to move our brand and technology forward. We look forward to reaching out to the digital currency community and sharing the value of our products and technology.”
About Clarity PR:
Founded in 2011, Clarity PR is a global tech Public Relations agency, with offices in London, New York and Berlin. Clarity PR specializes in taking fast-growing tech startups to the next level through strategic PR and social media campaigns. Clarity PR has built its reputation on a commitment to recruiting only experienced PR and social media professionals, and former journalists from the world’s biggest media outlets. Clarity PR is now one of Europe's largest PR agencies dedicated to working with startups and has ambitious plans for continued international expansion in the future.
About WPCS International Incorporated:
WPCS operates in two business segments including: (1) providing communications infrastructure contracting services to the public services, healthcare, energy and corporate enterprise markets worldwide; and (2) developing a Bitcoin trading platform. For more information, please visit www.wpcs.com and www.btxtrader.com.
Statements about the company's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The company’s actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the company undertakes no obligation to update forward-looking statements.
CONTACT:
Capital Markets Group, LLC
Valter Pinto
PH: (914) 669-0222 or (212) 398-3486
valter@capmarketsgroup.com
DPW
Consolidation pattern developing from morning POP
DIGP
Anyone score on this today. I wish i had 2000 shares of that at open today
WPCS, was in again @ 1.18 and stopped out at 1.28 watching for profit takers
Should it hold on and close at or near HOD would it be a potential gapper tomorrow?
WPCS, you out or still in ROB?
WPCS made a little on the last run, in @ 1.10 out at 1.18
I too wish I could say the same. Then I would not be $15k down!
R.I.P. fellow trader!
So Pumps are not limited to pinky OTC only. How quick did people have to sell at the top before it dropped? 60 seconds?
Gotcha
Holding starter @ 1.45
Why did END not hold ?
GOLD....Speaking of that JJ, when do you think VRNG is going to pan out some of that for us shareholders?
END, how much you holding Beach?
I would have sold @ 6.00 but was not cleared for extended hours trading at that time . I AM NOW!
VRNG
Vringo vs Belkin Int'l (new lawsuit)
U.S. District Court District of Delaware (Wilmington) Case # 1:14-cv-00961-UNA
Filed 07/21/14
NEWL, sold my 3.50's for 2.28
Have to convince myself I was lucky could've been a lot worse I guess!
OPTT, any one play this today?
Says tomorrow
Twitter (Nate)
With NEWL delisting to pinks, how will that Affect the shorts that were in ?
Afternoon beach! (I won't say what the smart phone called you! )
I am still long as well even though I'm 14 K underwater! Sure would be good to find out what is going on
Sorry to hear that Josh
you should make out like a bandit!
I am only holding 200 shares at three dollars and 90 cents. Hoping I was going to get trade the gap and get rid of them and six dollars this morning. No such luck! Would Have sold in premarket but I have not been qualified at my broker to do that yet.
See that is what separates us from the animals. We can laugh and smile in the face of adversity!
Does that mean we will dip tomorrow?