Key Takeaways:
EDA’s revenue rose 71% last year on strong demand for its logistics services for Chinese cross-border e-commerce merchants
The company’s “pre-sale stocking model” could give it an advantage as the direct-shipping model used by rivals Temu and Shein comes under fire in the U.S.
10 large-cap stocks worst performers last week: MongoDB, Nutanix, DraftKings, Salesforce, Samsara, Celsius, Agilent, Snowflake, ServiceNow, Hormel. Are they in your portfolio?
On Wednesday, Salesforce Inc (NYSE: CRM) posted its first quarterly revenue miss since 2006, along with providing a softer-than-expected guidance. Despite the miss, many analysts are optimistic that the cloud software vendor is yet to benefit from its use of generative artificial intelligence.