Why Are Remitly (RELY) Shares Soaring Today

StockStory11-01

Why Are Remitly (RELY) Shares Soaring Today What Happened? Shares of online money transfer platform Remitly (NASDAQ:RELY) jumped 24.1% in the after-market session after the company reported a "...

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Third-quarter results blew past analysts' EBITDA expectations. Customer growth stayed strong, up 35% year on year, and was supported by robust volume growth, which grew even faster . Moving on, its full-year EBITDA guidance exceeded Wall Street's estimates. Overall, this was a strong quarter.Access our full analysis report here, it’s free.Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4227":"交易和支付处理服务","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4106":"数据处理与外包服务","RELY":"Remitly Global, Inc."},"translate_title":"为什么Remitly(RELY)股价今天飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RELY":1},"content_text":"Why Are Remitly (RELY) Shares Soaring Today \n \n\nWhat Happened?\nShares of online money transfer platform Remitly (NASDAQ:RELY) jumped 24.1% in the after-market session after the company reported a \"beat and raise\" quarter. Third-quarter results blew past analysts' EBITDA expectations. Customer growth stayed strong, up 35% year on year, and was supported by robust volume growth, which grew even faster (up 42% y/y). Moving on, its full-year EBITDA guidance exceeded Wall Street's estimates. Overall, this was a strong quarter. \nIs now the time to buy Remitly? Access our full analysis report here, it’s free.\nWhat The Market Is Telling Us\nRemitly’s shares are not very volatile and have only had 8 moves greater than 5% over the last year. Moves this big are rare for Remitly and indicate this news significantly impacted the market’s perception of the business. \nThe biggest move we wrote about over the last year was 8 months ago when the stock gained 24.5% on the news that the company reported fourth-quarter results that exceeded Wall Street's revenue and EPS expectations. The company also recorded strong user growth as active customer count grew 41% year on year, and came in ahead of analysts' expectations. Gross margin also improved significantly during the quarter. Looking ahead, revenue guidance for the full year came in ahead of consensus. Zooming out, this was an impressive quarter that should delight shareholders.\nRemitly is down 9.6% since the beginning of the year, and at $17.18 per share, it is trading 37.7% below its 52-week high of $27.59 from October 2023. Investors who bought $1,000 worth of Remitly’s shares at the IPO in September 2021 would now be looking at an investment worth $354.39. \nToday’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480065506"}