The internet sector is one of the most dynamic and fastest growing sectors in the global economy. Internet stocks have the potential for high returns. So stocks like Data Storage Corporation (DTST), Fiverr International Company Limited (FVRR) and Expedia Group, Inc. (EXP) might be a must-buy this month and beyond. But before getting into the fundamentals, let’s take a look at the industry context.
With widespread reliance on e-commerce, the Internet of Things, Artificial Intelligence (AI) and the cloud for day-to-day operations, the importance of the Internet industry is stronger than ever. Furthermore, with social media entering our lives, Internet usage is increasing tremendously.
In light of the changing business landscape post-COVID-19, the global mobile Internet market, estimated to reach 5.60 billion subscribers by 2022, is expected to reach a revised size of 9.10 billion subscribers. By 2030, growth will be moderate. CAGR is 6.4% between 2022 and 2030.
Digital transformation across various industries is leading the way for broadband services. The global broadband services market is expected to grow at CAGR is 9.7% from 2023 to 2030.
According to analytics firm Demand Sage, there are more than 5.30 billion active Internet users globally by 2023, corresponding to 65.4% of the global population. Since 2018, about 900,000 people have gone online for the first time every day. The growing affordability of smartphones and mobile data drives this user growth.
Considering the above figures and forecasts, let’s dive into Internet stock fundamentals to better understand investment opportunities, starting with the third stock.
Stock #3: Data Storage Corporation (DTST)
DTST specializes in multi-cloud IT solutions. It provides services such as data protection, disaster recovery, cybersecurity, and voice/data connectivity primarily to businesses across a variety of industries, including healthcare, finance, manufacturing, education and government sectors.
On July 27, DTST secured a multi-year subscription agreement with a major US food distributor to provide disaster recovery management solutions, increasing its presence in the food industry. products and demonstrate the firm’s ability to provide critical resources. This reflects the industry’s potential for further growth.
In the same month, DTST won a multi-million dollar project with a well-known sports and entertainment company to provide a custom cloud storage infrastructure, enhanced response times, enhanced capabilities, and more. recovery and critical storage for their security.
This success highlights DTST’s expertise in tailored solutions, data security, and the potential for deeper collaboration in the sports and entertainment industries.
DTST’s revenue increased 22.3% year-on-year to $5.90 million, while gross profit increased 65.5% year-on-year to $2.58 million in the second fiscal quarter (ending). ends June 30, 2023).
Operating income and net income were at $106.74 thousand and $206.04 thousand respectively, recording a significant increase compared to the previous quarter. EPS also improved significantly over the same period last year to $0.03,
Street expects DTST revenue to grow 13.1% year-over-year in the current quarter (ending September 2023) to $5 million. For fiscal year 2023, the company’s revenue is expected to reach $24.10 million, up slightly from the previous year. Additionally, it topped estimated revenue in three of the last four quarters.
Shares have gained 114.2 percent year-to-date and 77.1% over the past six months to close the last session at $3.17.
of DTST Rating POWR reflects a solid outlook. The stock has an overall rating of B, equivalent to Buy in our proprietary rating system. The POWR Rating rates stocks according to 118 different factors, each with its own weight.
DTST also has an A for Affection and a B for Growth. It is ranked 12th out of 60 stocks in Internet industry. Click here to see other DTST ratings for Value, Momentum, Stability, and Quality.
Stock #2: Fiverr International Ltd. (FVRR)
FVRR, headquartered in Tel Aviv, Israel, operates a global online marketplace where sellers offer a wide range of services spanning multiple categories to buyers. They also provide freelancers software solutions, learning resources, and content marketing services, serving businesses of all sizes as well as a diverse group of freelancers and small businesses. form.
On August 1, FVRR introduced its new product line: the suite of Business Solutions for medium and large enterprises, the all-new Fiverr Pro, and the launch of Fiverr Neo™ powered by neural networks for connectivity. talent with customers.
On June 29, FVRR introduced Fiverr Certified, a program that collaborates with technology partners like Amazon Ads, monday.com, and Stripe to create a unique freelance marketplace. The new program and product launch will further increase the company’s revenue.
For the fiscal second quarter ended June 30, 2023, FVRR’s revenue increased 5.1% year-on-year to $89.39 million, while its non-GAAP gross profit increased 7, 1% over the same period last year to 75.26 million USD.
The company’s non-GAAP net income and non-GAAP net income per share were $20.04 million and $0.49, respectively, representing improvements of 311.4% and 308.3, respectively. % from the previous quarter. Additionally, adjusted EBITDA came in at $15.27 million, up 231.5% year-on-year.
The consensus revenue estimate of $91.25 million for the third quarter (ending September 2023) represents a 10.6% year-over-year increase. The consensus EPS estimate of $0.46 for the current quarter represents a 119.8% improvement year-over-year. The company has a surprisingly impressive history, beating consensus EPS estimates in each of the last four quarters.
Shares have gained 8.6% over the past three months and 3.7% over the past five days to close the last trading session at $29.39.
FVRR’s strong outlook is reflected in its POWR Rating. It has an overall rating of B, which means Buy in our proprietary rating system.
FVRR also has an A for Growth and a B for Quality. It is ranked 8th among all stocks in the same industry. Click here to see other FVRR ratings for Value, Momentum, Stability and Sentiment.
Stock #1: Expedia Group, Inc. (EXP)
EXPE is an online travel agency with a diverse portfolio of brands, offering a wide range of travel-related accommodation and services, operating through its Retail channel; B2B; and trivago segments. It also provides advertising and communication services, and serves various distribution channels in the travel industry.
On July 25, EXPE partnered with Walmart Inc. (WMT) to offer travel benefits to Walmart+ members, allowing them to earn Walmart Cash on various travel bookings through WalmartPlusTravel.com. The partnership is expected to expand EXPE’s reach while showcasing EXPE’s technology and extensive travel service provider network.
On July 17, EXPE announced a new loyalty program, One Key™, which unifies the company’s top three travel brands, Expedia®, Hotels.com® and Vrbo®. The company can benefit from this venture by simplifying travel rewards for its customers.
For the fiscal second quarter ended June 30, 2023, EXPE’s revenue grew 5.6% year-over-year to $3.36 billion. Operating income also increased 28.4% year-over-year to $443 million.
EXPE adjusted net income and EXPE adjusted earnings per share stood at $428 million and $2.89, respectively, up 38.1% and 47.4% quarter-over-quarter, respectively. .
For the third fiscal quarter (ending September 2023), analysts expect EXPE revenue to improve 6.8% year-on-year to $3.86 billion, while EPS estimates calculation increased 24.3% over the same period last year to $5.03.
Shares of EXPE are up 25.8% year-to-date and 6.8% over the past month, closing last trading session at $110.22.
EXPE’s strong fundamentals are reflected in its POWR Rating. It has an overall rating of B, which means Buy in our proprietary rating system. It has an A for Value and Quality and a B for Motivation.
In the same industry, it is ranked 5th. Click here to see EXPE’s ratings for Growth, Stability and Sentiment.
What to do next?
Explore 10 widely held stocks that our proprietary modeling shows have huge downside potential. Make sure none of thesedeath trap“Stocks are lurking in your portfolio:
10 stocks to SELL NOW! >
EXPE stock traded at $107.25 per share on Wednesday afternoon, down $2.97 (-2.69%). Year-to-date, EXPE is up 22.43%, compared with a 17.22% gain for the benchmark S&P 500 over the same period.
Author info: Anushka Dutta
Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets prompted her to pursue a career in investment research. Than…
More resources for stocks in this article
EXPE: 3 Internet stocks to buy this month and more | StockNews.com
The internet sector is one of the most dynamic and fastest growing sectors in the global economy. Internet stocks have the potential for high returns. So stocks like Data Storage Corporation (DTST), Fiverr International Company Limited (FVRR) and Expedia Group, Inc. (EXP) might be a must-buy this month and beyond. But before getting into the fundamentals, let’s take a look at the industry context.
With widespread reliance on e-commerce, the Internet of Things, Artificial Intelligence (AI) and the cloud for day-to-day operations, the importance of the Internet industry is stronger than ever. Furthermore, with social media entering our lives, Internet usage is increasing tremendously.
In light of the changing business landscape post-COVID-19, the global mobile Internet market, estimated to reach 5.60 billion subscribers by 2022, is expected to reach a revised size of 9.10 billion subscribers. By 2030, growth will be moderate. CAGR is 6.4% between 2022 and 2030.
Digital transformation across various industries is leading the way for broadband services. The global broadband services market is expected to grow at CAGR is 9.7% from 2023 to 2030.
According to analytics firm Demand Sage, there are more than 5.30 billion active Internet users globally by 2023, corresponding to 65.4% of the global population. Since 2018, about 900,000 people have gone online for the first time every day. The growing affordability of smartphones and mobile data drives this user growth.
Considering the above figures and forecasts, let’s dive into Internet stock fundamentals to better understand investment opportunities, starting with the third stock.
Stock #3: Data Storage Corporation (DTST)
DTST specializes in multi-cloud IT solutions. It provides services such as data protection, disaster recovery, cybersecurity, and voice/data connectivity primarily to businesses across a variety of industries, including healthcare, finance, manufacturing, education and government sectors.
On July 27, DTST secured a multi-year subscription agreement with a major US food distributor to provide disaster recovery management solutions, increasing its presence in the food industry. products and demonstrate the firm’s ability to provide critical resources. This reflects the industry’s potential for further growth.
In the same month, DTST won a multi-million dollar project with a well-known sports and entertainment company to provide a custom cloud storage infrastructure, enhanced response times, enhanced capabilities, and more. recovery and critical storage for their security.
This success highlights DTST’s expertise in tailored solutions, data security, and the potential for deeper collaboration in the sports and entertainment industries.
DTST’s revenue increased 22.3% year-on-year to $5.90 million, while gross profit increased 65.5% year-on-year to $2.58 million in the second fiscal quarter (ending). ends June 30, 2023).
Operating income and net income were at $106.74 thousand and $206.04 thousand respectively, recording a significant increase compared to the previous quarter. EPS also improved significantly over the same period last year to $0.03,
Street expects DTST revenue to grow 13.1% year-over-year in the current quarter (ending September 2023) to $5 million. For fiscal year 2023, the company’s revenue is expected to reach $24.10 million, up slightly from the previous year. Additionally, it topped estimated revenue in three of the last four quarters.
Shares have gained 114.2 percent year-to-date and 77.1% over the past six months to close the last session at $3.17.
of DTST Rating POWR reflects a solid outlook. The stock has an overall rating of B, equivalent to Buy in our proprietary rating system. The POWR Rating rates stocks according to 118 different factors, each with its own weight.
DTST also has an A for Affection and a B for Growth. It is ranked 12th out of 60 stocks in Internet industry. Click here to see other DTST ratings for Value, Momentum, Stability, and Quality.
Stock #2: Fiverr International Ltd. (FVRR)
FVRR, headquartered in Tel Aviv, Israel, operates a global online marketplace where sellers offer a wide range of services spanning multiple categories to buyers. They also provide freelancers software solutions, learning resources, and content marketing services, serving businesses of all sizes as well as a diverse group of freelancers and small businesses. form.
On August 1, FVRR introduced its new product line: the suite of Business Solutions for medium and large enterprises, the all-new Fiverr Pro, and the launch of Fiverr Neo™ powered by neural networks for connectivity. talent with customers.
On June 29, FVRR introduced Fiverr Certified, a program that collaborates with technology partners like Amazon Ads, monday.com, and Stripe to create a unique freelance marketplace. The new program and product launch will further increase the company’s revenue.
For the fiscal second quarter ended June 30, 2023, FVRR’s revenue increased 5.1% year-on-year to $89.39 million, while its non-GAAP gross profit increased 7, 1% over the same period last year to 75.26 million USD.
The company’s non-GAAP net income and non-GAAP net income per share were $20.04 million and $0.49, respectively, representing improvements of 311.4% and 308.3, respectively. % from the previous quarter. Additionally, adjusted EBITDA came in at $15.27 million, up 231.5% year-on-year.
The consensus revenue estimate of $91.25 million for the third quarter (ending September 2023) represents a 10.6% year-over-year increase. The consensus EPS estimate of $0.46 for the current quarter represents a 119.8% improvement year-over-year. The company has a surprisingly impressive history, beating consensus EPS estimates in each of the last four quarters.
Shares have gained 8.6% over the past three months and 3.7% over the past five days to close the last trading session at $29.39.
FVRR’s strong outlook is reflected in its POWR Rating. It has an overall rating of B, which means Buy in our proprietary rating system.
FVRR also has an A for Growth and a B for Quality. It is ranked 8th among all stocks in the same industry. Click here to see other FVRR ratings for Value, Momentum, Stability and Sentiment.
Stock #1: Expedia Group, Inc. (EXP)
EXPE is an online travel agency with a diverse portfolio of brands, offering a wide range of travel-related accommodation and services, operating through its Retail channel; B2B; and trivago segments. It also provides advertising and communication services, and serves various distribution channels in the travel industry.
On July 25, EXPE partnered with Walmart Inc. (WMT) to offer travel benefits to Walmart+ members, allowing them to earn Walmart Cash on various travel bookings through WalmartPlusTravel.com. The partnership is expected to expand EXPE’s reach while showcasing EXPE’s technology and extensive travel service provider network.
On July 17, EXPE announced a new loyalty program, One Key™, which unifies the company’s top three travel brands, Expedia®, Hotels.com® and Vrbo®. The company can benefit from this venture by simplifying travel rewards for its customers.
For the fiscal second quarter ended June 30, 2023, EXPE’s revenue grew 5.6% year-over-year to $3.36 billion. Operating income also increased 28.4% year-over-year to $443 million.
EXPE adjusted net income and EXPE adjusted earnings per share stood at $428 million and $2.89, respectively, up 38.1% and 47.4% quarter-over-quarter, respectively. .
For the third fiscal quarter (ending September 2023), analysts expect EXPE revenue to improve 6.8% year-on-year to $3.86 billion, while EPS estimates calculation increased 24.3% over the same period last year to $5.03.
Shares of EXPE are up 25.8% year-to-date and 6.8% over the past month, closing last trading session at $110.22.
EXPE’s strong fundamentals are reflected in its POWR Rating. It has an overall rating of B, which means Buy in our proprietary rating system. It has an A for Value and Quality and a B for Motivation.
In the same industry, it is ranked 5th. Click here to see EXPE’s ratings for Growth, Stability and Sentiment.
What to do next?
Explore 10 widely held stocks that our proprietary modeling shows have huge downside potential. Make sure none of thesedeath trap“Stocks are lurking in your portfolio:
10 stocks to SELL NOW! >
EXPE stock traded at $107.25 per share on Wednesday afternoon, down $2.97 (-2.69%). Year-to-date, EXPE is up 22.43%, compared with a 17.22% gain for the benchmark S&P 500 over the same period.
Author info: Anushka Dutta
Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets prompted her to pursue a career in investment research. Than…
More resources for stocks in this article
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