Crypto giant Coinbase (COIN) slides after a revenue miss over $40M on the top-line. George Tsilis says the estimates may have been "quite aggressive" for COIN, and suggests there could be more of a transitional approach to the company's revenue stream into next year.
Cryptocurrency platform company Coinbase Global COIN reported third-quarter financial results after the market close Wednesday.
Coinbase Wednesday reported weaker-than-expected third-quarter results, weighed down by muted trading in the cryptocurrency market.
Coinbase Global posted a third quarter profit on Wednesday, helped by strong trading volumes at the exchange as cryptocurrency navigated its path through regulatory easing and political and economic turmoil.
NEW YORK CITY, NY / ACCESSWIRE / October 30, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ:COIN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Coinbase securities between April 14, 2021, and July 25, 2024, inclusive (the "Class Period").
Wall Street expects revenue to dip from the second quarter. The real catalyst for the stock may come with the November elections.
NEW YORK CITY, NY / ACCESSWIRE / October 29, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ:COIN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Coinbase securities between April 14, 2021, and July 25, 2024, inclusive (the "Class Period").
Coinbase's third-quarter results are likely to benefit from increased volatility, expansion of operations and a growing crypto economy.
NEW YORK CITY, NY / ACCESSWIRE / October 28, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ:COIN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Coinbase securities between April 14, 2021, and July 25, 2024, inclusive (the "Class Period").
NEW YORK CITY, NY / ACCESSWIRE / October 27, 2024 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Coinbase Global, Inc. ("Coinbase" or "the Company") (NASDAQ:COIN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Coinbase securities between April 14, 2021, and July 25, 2024, inclusive (the "Class Period").
Coinbase (COIN) stock price has bounced back in the past few weeks, helped by the recent Bitcoin rebound. It bottomed at $146.47 in August and bounced back by 40% to the current $205.
Beyond analysts' top -and-bottom-line estimates for Coinbase Global (COIN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.