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SKYU News and Press, ProShares Ultra Nasdaq Cloud Computing ETF From 07/08/22

Stock Information

Company Name: ProShares Ultra Nasdaq Cloud Computing ETF
Stock Symbol: SKYU
Market: NASDAQ

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SKYU - DigitalOcean Sees Stock Uptick But A Global Slowdown Is Underway

DigitalOcean Holdings went public in March 2021, raising approximately $776 million in gross proceeds. The firm provides an IT infrastructure as a service platform to small and medium businesses worldwide. DOCN has grown revenue and gross profit, but operating losses are worsening...

SKYU - DigitalOcean: The Cloud Provider Making A Splash

DigitalOcean is a cloud provider that specializes in serving small and medium sized businesses. The company has carved out a niche in a market dominated by Amazon, Microsoft, and Google. Its shares have fallen an eye-watering 75% from their 52-week high. Combine the opportunit...

SKYU - Hewlett Packard Enterprise: Strong Dividend Yield But Weak Growth Story

Russia and Belarus exit not having significant impact on HPE operations and profitability. Intelligent Edge segment outperformed but other segments failed to impress. Strong annual dividend yield of 3.45% with $0.12 per share quarterly dividend. I assign a hold rating for HPE ...

SKYU - Appian: Growing Rapidly With Pricing Power, But Problematic Bottom Line

Appian grew quarterly revenues at a rate of more than 28% in the first quarter of 2022 as a result of more people subscribing to its cloud platform and existing customers buying more. Still, in a market where the focus is more on profitability and cash consumption, the stock has been ...

SKYU - The Prognosis For Pure Storage

Today, we take our first look at Pure Storage, a tech stock that has sold off with most of the market in 2022. The company did double its operating cash flow in the prior fiscal year, and first quarter earnings for the new fiscal year should be posted shortly. A full investment an...

SKYU - AppLovin Looks Undervalued Given 2022 Approach

AppLovin went public in April 2021, raising around $2 billion in an IPO. The firm provides mobile application developers with a suite of tools to improve discovery and monetization of their apps. APP is projected to grow its high-margin software business significantly in 2022, and...

SKYU - DigitalOcean: Small, Resilient, And A Potential Acquisition Target

DigitalOcean is a relatively small cloud infrastructure service provider which caters to the needs of small to mid-sized businesses and individual developers. DigitalOcean's business model is primarily based on revenue growth while, at the same time, also aiming to increase the averag...

SKYU - RingCentral: Caution Is Required

RingCentral has seen its stock price retreat more than -60% YTD. The company struggles to reach profitability as marketing and R&D spending outpaces revenue growth. Recent results recorded a miss on EPS and a beat on Revenue, with 2022 guidance raised. For further detail...

SKYU - SOXL and BOIL among ETF weekly movers

Gainers: Semiconductor Bear 3X Direxion (SOXS) +24%. Ultra Bloomberg Natural Gas ETF (BOIL) +22%. Simplify Interest Rate Hedge ETF (PFIX) +18%. 20+ Year Trsy Bear 3X Direxion (TMV) +18%. Ultrapro Short 20 Year Treasury ETF (TTT) +18%. Losers: Semiconductor Bull 3X Direxion (SOXL) -22%. Ultras...

SKYU - Investment Opportunities In The Public Cloud

There have been three major paradigm shifts in terms of compute technology since the 1960s. What the cloud may offer is speed, agility, flexibility, and lower cost. We seek to identify really powerful secular trends, and once we do that, we find the leaders and tend to stick with ...

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