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MarketScreener Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS

(VZ)
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Salesforce com : WordPress Owner Automattic Reaches $3 Billion Valuation on Funding From Salesforce Ventures

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09/19/2019 | 01:34pm EDT

By Josh Beckerman

Automattic Inc., the owner of WordPress.com, has reached a valuation of $3 billion after raising $300 million of Series D funding from Salesforce.com Inc.'s (CRM) Salesforce Ventures.

Automattic's investors include Insight Venture Partners, Tiger Global Management and True Ventures.

In August, Automattic said it would buy Tumblr from Verizon Communications, a deal expected to close in a few days.

Automattic Chief Executive Matt Mullenweg said in a blog post that "the funding will allow us to accelerate our roadmap (perhaps by double) and scale up" products including WordPress.com, WordPress VIP, WooCommerce and Jetpack.

Write to Josh Beckerman at josh.beckerman@wsj.com

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Financials (USD)
Sales 2019 131 B
EBIT 2019 31 077 M
Net income 2019 18 906 M
Debt 2019 107 B
Yield 2019 4,06%
P/E ratio 2019 13,1x
P/E ratio 2020 12,3x
EV / Sales2019 2,70x
EV / Sales2020 2,61x
Capitalization 248 B
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Technical analysis trends VERIZON COMMUNICATIONS
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 60,39  $
Last Close Price 59,98  $
Spread / Highest target 16,7%
Spread / Average Target 0,69%
Spread / Lowest Target -18,3%
EPS Revisions
Managers
NameTitle
Hans Erik Vestberg Chief Executive Officer & Director
Lowell C. McAdam Chairman
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Network Operations & Technology Officer
Nicola Palmer Head-Technology & Product Development
Sector and Competitors
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