Stock News Summary: Criteo S.A. (NASDAQ: CRTO)

Technology

Criteo S.A. (NASDAQ: CRTO) changed 9.16% to recent value of $22.52. The stock transacted 1344222 shares during most recent day however it has an average volume of 844.76K shares. It spotted trading -47.01% off 52-week high price. On the other end, the stock has been noted 13.45% away from the low price over the last 52-weeks.

Criteo S.A. (NASDAQ: CRTO), the advertising platform for the open Internet, declared that it has acquired Manage. Criteo is adding Manage and its mobile app install solution to complement its existing app business and further strengthen its end-to-end advertising solution, addressing the entire consumer journey from awareness and consideration to conversion.

 

Manage is a Silicon Valley company with an attractive app install advertising solution. This acquisition expands Criteo’s client base as Manage serves advertisers not only in Criteo’s strong verticals of retail and travel, but also in gaming and other app-first areas such as food delivery and ride-sharing. With Manage, Criteo also gains additional technical and commercial talents to accelerate expansion into the fast-growing app space.

“Demonstrating our commitment to the fast growing mobile app ecosystem, Manage allows us to add app install to our marketing solutions,” said JB Rudelle, Criteo, CEO.

“Criteo’s mobile strength and world-class technology is what excited us about joining this amazing company,” said Mike Ng, Manage, CEO. “Criteo’s global scale, extensive client base, unmatched technology and team, provide a tremendous opportunity for us to capitalize on the momentum we’ve built over the past few years. Now we can rapidly scale our mobile in-app solution to address marketers’ desire to have solutions that map to the entire customer journey.”

CRTO has a gross margin of 36.80% and an operating margin of 7.00% while its profit margin remained 4.50% for the last 12 months. Its earnings per share (EPS) expected to touch remained 8.50% for this year while earning per share for the next 5-years is expected to reach at -0.85%.

The company has 69.46M of outstanding shares and 64.08M shares were floated in the market. According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.41% from the mean of 20 days, -3.95% from mean of 50 days SMA and performed -17.05% from mean of 200 days price. Company’s performance for the week was 9.96%, 1.08% for month and YTD performance remained -13.48%.

Cesar Melton is an author, journalist and CEO of mosttradedstocks.com, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Cesar has always been interested in the stock market and how it behaves.

As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Cesar observations and experience give him the insight to stock market patterns and the investor behaviors that create them.

Email: Cesar@mosttradedstocks.com 

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