Tabula Effect: Productivity soars 17% on Wall Street – Global Markets

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Productivity Network (US)
+ 15.82%

closure:0

opening:14.11

Tall:17.31

low:14.1

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Bounces 17% on Wall Street on the current trading day. The increases are linked to Tabula’s announcement yesterday that it will reach NASDAQ and be issued through SPAC at a whopping $ 3 billion.

Productivity Network (formerly IncrediMail) is an international media and Internet company that provides Internet content providers and application developers with innovative technology and a variety of sophisticated and information-based solutions that enable application monetization and expanding their audiences. In other words, fertility deals with what Tabula has brought to specialization (so at least that’s what Tabula believes). Although compared to Tabula’s approaching $ 3 billion, productivity is traded at only $ 400 billion.

Productivity announced last week as part of a desire to raise that they are forecasting earnings per share for the fourth quarter in the range of 17 to 19 cents per share, and between 22 and 24 cents per share for 2020, adjusted earnings Non-GAAP will be in the range of 35 to 36 cents per share For the fourth quarter and between 80 cents and 82 cents for the entire 2020 year. The increase in profit will come by a 23% increase in revenue (according to the same forecast).

In terms of revenue for the current year, the company raised its forecasts to about $ 102.5 million and EBITDA of $ 13.5 million. Tabula, on the other hand, made $ 375 million a year. That is, in a simple arithmetic calculation, or That Tabula’s issue is done at an inflated price and it should be issued at a value of $ 1.5 billion or that a product should be traded at a market value of $ 800 million.