This software stock is offering up a potential entry as earnings look set to rev up. It aims to help banks compete with bigger institutions.
Alkami Technology has rebounded in recent sessions, making it one of the best stocks to buy and watch on the stock market today. The post Software Leader Alkami Rebounds From Key Level Into New Buy Range appeared first on Investor's Business Daily.
Investors need to pay close attention to Alkami Technology (ALKT) stock based on the movements in the options market lately.
Alkami Technology, Inc. (NASDAQ:ALKT ) Q3 2024 Earnings Call Transcript October 30, 2024 5:00 PM ET Company Participants Steve Calk - Vice President, Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Elyse Kanner - JPMorgan Austin Cole - Citizens JMP Cris Kennedy - William Blair Daniel Hibshman - Craig Hallum Adam Hotchkiss - Goldman Sachs Charles Nabhan - Stephens Sam Salvas - Needham & Company Jacob Stephan - Lake Street Capital Markets Andrew Schmidt - Citi Operator Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology's Third Quarter 2024 Financial Results Conference Call. At this time, all lines are in listen-only mode.
Alkami Technology (ALKT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.01 per share a year ago.
Alkami Technology reported Q2 2024 results, beating revenue estimates but matching earnings estimates. The global core banking software market is expected to reach $22.2 billion by 2030 with a CAGR of 9.3%. Alkami's financial trends show revenue growth, reduced operating losses, and slightly improved Rule of 40 performance.
Alkami Technology, Inc. (NASDAQ:ALKT ) Q2 2024 Earnings Call July 31, 2024 5:00 PM ET Company Participants Steve Calk - Vice President, Investor Relations Alex Shootman - Chief Executive Officer Bryan Hill - Chief Financial Officer Conference Call Participants Chris Kennedy - William Blair Mayank Tandon - Needham Pat Walravens - JMP Securities Jacob Stephan - Lake Street Andrew Schmidt - Citi Operator Good afternoon, ladies and gentlemen, and welcome to the Alkami Technology's Second Quarter 2024 Financial Results Conference Call. [Operator Instructions] I'd like to turn the conference over to Steve Calk, Vice President of Investor Relations.
Alkami Technology (ALKT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.03 per share a year ago.
Buying the dips and acquiring shares of a proven company on short-term declines has been a successful strategy over the long-term. When investors look back five or 10 years from now, the opportunities which presented themselves during the Great Recession, the COVID trough, or even the recent downturn in 2022 were worth buying.
Alkami Technology is recommended as a buy due to its large market and opportunities for upselling products in the digital banking industry. The company provides white-label banking solutions to credit unions and regional banks, with strong revenue growth and increased user numbers. Upselling products, which has been going well so far, is a key growth engine for ALKT.