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  • Alibaba Group Holding Ltd (NYSE:BABA) Cloud posted global revenues of $1.2bn in Q1 2019

Alibaba Group Holding Ltd (NYSE:BABA) Cloud posted global revenues of $1.2bn in Q1 2019

By on June 28, 2019 0

Despite the decision to wait for further demand in the Middle East and Africa region, Alibaba Group Holding Ltd (NYSE:BABA) Cloud has posted global revenues of $1.2bn in Q1 2019, 76% up from the same period last year. Alibaba Cloud is the latest international cloud provider to put a future data centre project on hold after Apple’s shocking decision to axe its new $921m facility in Denmark earlier this month.

Alibaba Group Holding Ltd (NYSE:BABA), a Services sector firm, traded 18.28 Million shares in last trading session with closing price of $170.90 per share. Company gross margin stands at 45.10% whereas its return on investment (ROI) is 6.50%. Stock value has moved between $129.47 – 198.72 in last one year. Analyst’s mean target price for Alibaba Group Holding Ltd (NYSE:BABA) is $218.13 while analysts mean recommendation is 1.70. BABA EPS growth this year is 36.20%. 

On last trading day, Merck & Co., Inc. (NYSE:MRK) shares closed at $83.83 per share. MRK market capitalization is 215909.20 with beta of 0.59. Analyst’s mean target price for Merck & Co., Inc. (NYSE:MRK) is $88.93 whereas analysts mean recommendation is 1.80. Its weekly performance is -0.91% while year to date (YTD) performance is 9.71%. 

In last session Orange SA (ADR) (NYSE:ORAN) traded 291228 shares and was closed at $15.73. Analyst’s mean target price for ORAN is $20.66. Company is -10.32% away from its 52 week high and is moving 6.00% ahead of its 52 week low. ORAN Gross Margin is 55.10%. Orange SA (ADR) (NYSE:ORAN) quarterly performance is -2.18% while its price to sale ratio is 0.90. 

Qutoutiao Inc. (NASDAQ:QTT), a Technology sector firm, traded 1.47 Million shares on last trading day with closing price of $3.99 per share. Company gross margin stands at 81.60% whereas its return on investment (ROI) is -130.80%. Stock value has moved between $3.99 – 19.95 in last one year. Analyst’s mean target price for Qutoutiao Inc. (NASDAQ:QTT) is $6.12 while analysts mean recommendation is 2.80. QTT EPS growth this year is 10.50%. 

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