SoftBank is launching of a $5 billion fund that will invest in technology start-ups across Latin America, the company announced Thursday.
The new fund, named the SoftBank Innovation Fund, will be run by former Sprint CEO and Bolivian native Marcelo Claure. SoftBank has already committed $2 billion to the fund, though no decision has been made yet on where its headquarters will be.
The fund's size is unprecedented in Latin America as it totals the combined venture capital investments of 2017 and 2018, according to Venturesource data cited by The Wall Street Journal.
"Latin America is on the cusp of becoming one of the most important economic regions in the world, and we anticipate significant growth in the decades ahead," said Masayoshi Son, chairman and CEO of SoftBank, in a statement.
Hot Tech Stocks To Own For 2019: Shopify Inc.(SHOP)
Advisors' Opinion:- [By Motley Fool Staff]
Shopify (NYSE:SHOP) is a powerhouse in the e-commerce world, but it doesn't sell anything itself: It runs the platforms that help other retail businesses operate online. And its growth rate has been phenomenal. So why did its shares drop after its Q4 report Tuesday, when it again put up impressive growth numbers?
- [By Danny Vena]
Shopify (NYSE:SHOP) has been at the forefront of enabling small businesses to conduct e-commerce sales, acting as a one-stop shop for the budding entrepreneur, providing the tools necessary to set up and manage an online store, while developing a host of other business services. Payments maven Square (NYSE:SQ) provided the namesake device that turned any mobile device into a credit card reader and enabled a new generation of small businesses to emerge. The company has since added a variety of services to help smaller operators flourish.
- [By Rick Munarriz]
There's some healthy momentum in Shopify (NYSE:SHOP) as we head into this week's critical financial update. Shares of the e-commerce platform provider have soared 27% so far this young year -- moving higher in seven of the past eight trading days -- and that translates into high expectations for Tuesday morning's fourth-quarter report.
Hot Tech Stocks To Own For 2019: CSG Systems International Inc.(CSGS)
Advisors' Opinion:- [By Joseph Griffin]
News articles about CSG Systems International (NASDAQ:CSGS) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CSG Systems International earned a news impact score of 0.14 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.8716525043945 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
- [By Ethan Ryder]
B. Riley began coverage on shares of CSG Systems International (NASDAQ:CSGS) in a report released on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $51.00 target price on the technology company’s stock.
- [By Joseph Griffin]
CSG International (NASDAQ:CSGS) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.
Hot Tech Stocks To Own For 2019: Evolving Systems, Inc.(EVOL)
Advisors' Opinion:- [By Ethan Ryder]
Evolving Systems (NASDAQ: EVOL) and Zscaler (NASDAQ:ZS) are both computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, earnings, risk, profitability, institutional ownership, dividends and valuation.
Hot Tech Stocks To Own For 2019: TransAct Technologies Incorporated(TACT)
Advisors' Opinion:- [By Ethan Ryder]
Logitech (NASDAQ: LOGI) and TransAct Technologies (NASDAQ:TACT) are both computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their valuation, dividends, institutional ownership, analyst recommendations, risk, earnings and profitability.
- [By Ethan Ryder]
TransAct Technologies Incorporated (NASDAQ:TACT) Chairman Bart C. Shuldman sold 1,272 shares of TransAct Technologies stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $14.35, for a total value of $18,253.20. Following the completion of the transaction, the chairman now directly owns 18,205 shares in the company, valued at approximately $261,241.75. The sale was disclosed in a document filed with the SEC, which is available at this link.
- [By Joseph Griffin]
TransAct Technologies (NASDAQ:TACT) and Sensio Technologies (OTCMKTS:SNIOF) are both computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, risk, valuation, profitability, institutional ownership and dividends.
- [By Logan Wallace]
Get a free copy of the Zacks research report on TransAct Technologies (TACT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on TransAct Technologies (TACT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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