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MarketScreener Homepage  >  Equities  >  Nyse  >  Shopify Inc.    SHOP   CA82509L1076

SHOPIFY INC.

(SHOP)
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Shopify : cancels events at L.A. space for entrepreneurs amid coronavirus concerns

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03/04/2020 | 04:17pm EDT

TORONTOShopify Inc. says it is postponing all events, one-on-one appointments and workshops at its Los Angeles entrepreneurs' space.

The Ottawa-based e-commerce company says evolving public health concerns around a novel coronavirus prompted the decision.

Shopify says it was a hard choice to make, but the company believes it is the best option for everyone's health and safety.

Shopify promises that it will be monitoring the outbreak closely and will provide further updates about the space over the next few weeks.

Last week, coronavirus concerns caused Shopify to cancel its annual Unite conference that was due to be held in May in Toronto.

Shopify's Los Angeles space hosts product demos, workshops, talks and other events aimed at solving the biggest challenges the company's merchants face.

This report by The Canadian Press was first published March 4, 2020.

Companies in this story: (TSX:SHOP)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (USD)
Sales 2020 2 165 M - -
Net income 2020 -217 M - -
Net cash 2020 2 455 M - -
P/E ratio 2020 -401x
Yield 2020 -
Capitalization 90 433 M 90 433 M -
EV / Sales 2019
EV / Sales 2020 40,6x
Nbr of Employees 5 000
Free-Float 89,7%
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Technical analysis trends SHOPIFY INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 33
Average target price 718,34 $
Last Close Price 757,80 $
Spread / Highest target 13,5%
Spread / Average Target -5,21%
Spread / Lowest Target -68,6%
EPS Revisions
Managers
NameTitle
Tobias Albin Lütke Chairman & Chief Executive Officer
Harley Finkelstein Chief Operating Officer
Amy E. Shapero Chief Financial Officer
Jean-Michel Lemieux Chief Technology Officer
Jeremy Seth Levine Independent Director
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