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SAP

SAP SE ADS New York Stock Exchange
$127.72
Open: $0.00 High: $0.00 Low: $0.00 Close: $0.00
Range: 0 - 0
Volume: 0
Market: Closed
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SAP
SAP SE ADS Dietmar-Hopp-Allee 16 Walldorf , 69190 http://www.sap.com
SAP SE is a global software vendor, providing solutions for enterprise resource planning, database management, business intelligence, and vertical-specific software.
  • CEO: William R. Mcdermott
  • Employees: 93,846
  • Sector: Technology
  • Industry: Application Software
SAP News
Latest news about the SAP
  • SAP Q4 Preliminary Results Reflect Resilient Cloud Business

    SAP SE (SAP) announces preliminary fourth-quarter 2020 results with robust cloud order entry and recovery in software licenses revenues, courtesy of solid uptick in its digital supply chain solutions.

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  • SAP SE Extends Executive Board: Julia White Joins as Chief Marketing and Solutions Officer, Scott Russell Takes Over Customer Success

    SAP SE (NYSE: SAP) today announced that the Supervisory Board appointed Julia White and Scott Russell to the Executive Board. White will take a new Executive Board role as chief marketing and solutions officer. Russell will head SAP's Customer Success organization. He will succeed Adaire Fox-Martin, who has informed the Supervisory Board that she will depart the company at the end of the month.

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  • SAP Says Covid May Continue to Squeeze Sales This Year

    (Bloomberg) -- SAP SE’s attempt to accelerate moving customers to cloud-based software began to see signs of success, although the company warned sales will continue to be impacted by the effects of the coronavirus pandemic.The corporate software maker said 2021 cloud and software revenue, excluding some items, will be as much as 23.8 billion euros ($28.9 billion) in constant currency. When currency is adjusted, revenue may fall as much as 4% from a year earlier, Walldorf, Germany-based SAP said late Thursday in a statement.“This outlook assumes the Covid-19 crisis will begin to recede as vaccine programs roll out globally, leading to a gradually improving demand environment in the second half of 2021,” the company said.Shares in SAP were up 1% in early trading on Friday.SAP has spent years attempting to move away from legacy software that resides in clients’ computer servers, to cloud-based software, which is delivered over the internet. Chief Executive Officer Christian Klein is trying to develop such software, after his predecessors relied on acquisitions to do so. SAP has seen uneven results in this modernization effort and the company has twice in the past year warned that the pandemic would stymie client deals.Most notably, SAP’s shares crashed in November, falling 21%, the biggest intraday fall since 1999, after it cut its revenue forecast for the full year and warned the pandemic would hurt demand. Klein said at the time that the pandemic will delay SAP’s goals for revenue by one or two years.The latest results show a “slight improvement” in new license sales, but it is too early to call a turnaround, according to Bloomberg Intelligence analyst Anurag Rana. Cloud sales in North America and Europe beat SAP’s expectations, as well as software licenses.SAP, which was set to report earnings later this month, said fourth-quarter revenue declined 6% to 7.54 billion euros, in line with analysts’ average estimate of 7.5 billion, according to data compiled by Bloomberg.SAP reiterated that it expects limited growth and margin improvement over the next two years, and moved expectations to meet its 2023 strategy plan out to 2025.Demand for Qualtrics, the U.S. customer-survey software business that SAP is planning to list this year, was also strong, Berenberg analyst Andrew DeGasperi wrote in a note. In December Qualtrics filed for what could be one of the first U.S. initial public offerings of 2021, just over two years after it was acquired by SAP.(Updated with shares, additional context.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • German Software Giant SAP’s Shares Rally on Solid Quarterly Earnings

    SAP said its performance sequentially improved in the fourth quarter even as the Covid-19 crisis persisted and lockdowns were reintroduced in many regions.

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  • The Peck Company Holdings, Inc. Closes $10.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

    The Peck Company Holdings, Inc. (Nasdaq: PECK) (Peck or the "Company") today announced it has closed a registered direct offering of 840,000 shares of its common stock at a purchase price of $12.50. The gross proceeds of the offering are approximately $10,500,000 before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for general corporate purposes, including, among other things, working capital, product development, acquisitions, capital expenditures, and other business opportunities.

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  • J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-2NU -- Moody's assigns provisional ratings to six CMBS classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-2NU

    Moody's approach to rating this transaction involved the application of both our Large Loan and Single Asset/Single Borrower CMBS methodology and our IO Rating methodology . The rating approach for securities backed by a single loan compares the credit risk inherent in the underlying collateral with the credit protection offered by the structure.

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  • The Peck Company Holdings, Inc. Announces $10.5 Million Registered Direct Offering Priced At-the-market Under Nasdaq Rules

    The Peck Company Holdings, Inc. (Nasdaq: PECK) (Peck or the "Company") today announced it has entered into securities purchase agreements with institutional investors for the purchase and sale of 840,000 shares of its common stock at a purchase price of $12.50 per share in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about January 12, 2021, subject to the satisfaction of customary closing conditions.

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  • The Peck Company Holdings to Acquire iSun Energy LLC, Award-Winning Solar-Powered Electric Vehicle Infrastructure Provider and Clean Energy Product Innovator

    The Peck Company Holdings, Inc. (NASDAQ: PECK) ("Peck"), a leading commercial solar engineering, procurement and construction ("EPC") company and iSun Energy LLC. ("iSun"), a provider of innovative solar power, electric mobility and smart city solutions for government, commercial, retail, academic and data-center projects, today announced that they have entered into a binding term sheet under which Peck will acquire iSun in an all-stock transaction. Mr. Peress will become Chief Innovation and Experience Officer.

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  • 15 Largest IT Services Companies in the World

    In this article, we are going to list the 15 largest IT services companies in the world. Click to skip ahead and jump to the 5 largest IT service companies in the world. As the world matured gracefully with modernization, one of the key players that save the economy is information technology services. IT services […]

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  • Sizzling U.S. Stock Markets Await Next Leg of Record IPO Run

    (Bloomberg) -- A booming market for U.S. initial public offerings shows no sign of slowing in 2021.Around $180 billion was raised from IPOs on U.S. exchanges in 2020, more than double last year’s total and far above the previous high of $102 billion set in 2000, according to data compiled by Bloomberg. Companies have been emboldened by soaring equity values, especially in the second half, while a proliferation of listings by blank-check firms has also boosted volumes.“In a zero interest world, one of the only asset classes that offers the hope of performance that beats inflation is equities,” said Jeff Zajkowski, head of Americas equity capital markets at JPMorgan Chase & Co.More than 30 companies priced deals that raised in excess of $1 billion this year, the data show. Among them were home-rental platform Airbnb Inc. and food delivery service DoorDash Inc., which both soared more than 80% above their listing prices initially. The stampede of startup listings has raised concerns about day-one share rallies and an overheated market for new entrants.“Markets can be very reactionary and sometimes irrational in the short term, but they’re very logical and rational in the long term,” said Gregg Nabhan, vice chairman of global equity capital markets at Bank of America Corp. “Some of this euphoria over the first-day pop is the market getting ahead of itself on intrinsic value.”Stocks have also been boosted by a surge in retail trading during the Covid-19 pandemic, as at-home traders have sought to benefit from rebounding equity markets.Ashley MacNeill, Morgan Stanley’s co-head of technology equity capital markets for the Americas, said that when a population is forced to sit at home and not socialize in person then “trading can become a form of social connectivity that didn’t exist before.”Rising deal numbers have been possible in part because remote working has slashed the amount of time needed to prepare for and market a listing. Instead of jetting between cities to meet investors, executives and their advisers have been able pitch to potential shareholders via conference calls. This has shortened timetables and reduced the risk of sentiment toward a company, or the broader equity markets, changing.“We basically execute the deals virtually and that has allowed us to do far more deals over far fewer days,” Nabhan said.The rush looks set to continue, with an array of companies already preparing for market debuts in the new year. Here are some of the biggest.AffirmSan Francisco-based Affirm Holdings Inc. provides installment loans to online shoppers. It planned to go public in December but delays at the U.S. Securities and Exchange Commission pushed the listing into 2021, people familiar with the matter have told Bloomberg News.Affirm, which made 30% of its third-quarter revenue from partnering with home exercise company Peloton Interactive Inc., was last valued at about $5.5 billion in a 2020 funding round, according to a person with knowledge of the matter. A representative for Affirm declined to comment.Established in 2012 by PayPal Holdings Inc. co-founder Max Levchin, Affirm is also backed by Khosla Ventures, Founders Fund, Lightspeed Venture Partners and Shopify Inc.Banks: Morgan Stanley, Goldman Sachs Group Inc., Allen & Co.BumbleDating app Bumble Trading Inc. has filed confidentially for an IPO that could come as soon as February. The company was valued at about $3 billion last year when private equity firm Blackstone Group Inc. bought a majority stake in its predecessor, MagicLab.Bumble, which was started in 2014 by Tinder co-founder Whitney Wolfe Herd, is now seeking a valuation of $6 billion to $8 billion when it goes public, people familiar with the matter have said. Other backers include venture capital firms Accel, Bessemer Venture Partners and Greycroft.Banks: Goldman Sachs, Citigroup Inc., Morgan StanleyCoinbaseCoinbase Global Inc., the U.S. cryptocurrency exchange, said in December it has filed confidentially to go public. The San Francisco-based company was valued at more than $8 billion in 2018 after a $300 million funding round led by Tiger Global Management.The listing is expected to be a breakthrough moment for the cryptocurrency industry, and comes on the back of Bitcoin hitting an all-time high of more than $29,000 this week. Coinbase said it has has more than 35 million verified users in over 100 countries and in excess of $25 billion in assets on its platform.DatabricksSoftware maker Databricks Inc. is aiming to go public in the first half of 2021, potentially tapping the same investors who sent Snowflake Inc.’s shares soaring this year.Databricks has raised about $900 million from backers including Andreessen Horowitz, Coatue Management, New Enterprise Associates, Tiger Global, BlackRock Inc. and T. Rowe Price Group Inc. Microsoft Inc. is an investor and partner through its cloud product, Microsoft Azure.InstacartGrocery-delivery company Instacart Inc. is preparing for a listing, according to people familiar with the matter. Instacart’s private valuation has more than doubled to $17.7 billion since the start of the pandemic, with the company surpassing milestones it had set for itself to reach in 2025.Food-delivery success story DoorDash was valued in June at $16 billion and went public in December at more than double that amount. While Instacart has yet to file paperwork to go public, DoorDash warned in its own prospectus that any boost from the pandemic is likely to be temporary.Instacart could seek a valuation of as much as $30 billion and is working with Goldman Sachs on the listing, Reuters reported in November.QualtricsQualtrics International Inc., which is being spun out from SAP SE, could be one of the first listings of 2021 after it filed Monday for a U.S. IPO. A listing could value the software maker at more than $14 billion, though Qualtrics hasn’t said how much it plans to raise.SAP agreed to pay $8 billion for Qualtrics in November 2018. It was the company’s biggest-ever deal and an effort to compete with rivals such as Salesforce.com Inc. Taking Qualtrics public marks a shift in SAP’s strategy under Chief Executive Officer Christian Klein, who secured the top job at the company in April.Banks: Morgan Stanley, JPMorganRobinhoodPopular with novice investors, trading platform Robinhood Markets has been cited as one reason that some of 2020’s biggest IPOs popped on their trading debuts. Next year, users of the platform will get the chance to trade the company’s own stock, with a Robinhood listing lined up for as early as the first quarter.The company, founded by Vladimir Tenev and Baiju Bhatt, saw a $460 million funding round push its value to $11.7 billion in September.Robinhood’s IPO risk factors are likely to include regulatory threats to its business. Massachusetts securities watchdogs have said the platform attracts untrained traders who take “unnecessary trading risks,” without proper controls in place.Its investors include Sequoia, DST Global, Ribbit Capital, Andreessen Horowitz, Index Ventures and D1 Capital Partners.RobloxVideo-game platform Roblox Corp. was set to list in December before deciding to move its IPO to next year to give it more time to plan the process, CEO David Baszucki said this month. The San Mateo, California-based company has benefited from a pandemic-fueled surge in online gaming, with the time users spent on its platform more than doubling in the first nine months of the year.Roblox was valued at $4 billion in February, when it raised $150 million from investors including Andreessen Horowitz. The company, which was founded in 2004, also counts Altos Ventures, First Round Capital, Index Ventures, Meritech Capital Partners and Tiger Global among its backers.Banks: Goldman Sachs, Morgan Stanley, JPMorgan.OthersAutomation software maker Uipath Inc. has filed confidentially for an IPO in which it could be valued at more than $20 billion, while online education provider Coursera Inc. is considering a listing and mobile game maker Playtika Holding Corp. is on file.Among fashion-focused companies, Poshmark Inc. filed for its IPO in December, online thrift shop ThredUp Inc. submitted confidential paperwork in October, and shoe retailer Cole Haan has been on file since February.Retail chain Petco Animal Supplies Inc. has filed confidentially, while Southeastern Grocers Inc. made its own filing public in October.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Timing Just Right for Qualtrics IPO

    The initial public offering is expected to fetch more than $12 billion.

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  • Qualtrics IPO, A Spinoff Of SAP, Seeks $14 Billion Market Valuation

    Qualtrics, which database software giant SAP acquired in 2019 for $8 billion, filed for an initial public offering that could raise up to $1.2 billion, giving it a value near $14 billion.

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  • As Cloud IPOs Soar, Qualtrics Hopes to Be Next

    Amid a hot market for initial public offerings, Qualtrics seeks to go public with a valuation between $12 billion to $14 billion.

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  • SAP SE's (SAP) Subsidiary Qualtrics Set to Go Public in 2021

    SAP SE's (SAP) subsidiary company Qualtrics is set for initial public offering (IPO) in 2021, per a SEC filing.

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  • SAP's Qualtrics Survey-Software Producer Files for IPO

    Customer-survey-software maker Qualtrics, a unit of SAP, filed for what could become the first U.S. initial public offering of the new year.

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  • What Does SAP's Debt Look Like?

    Shares of SAP (NYSE: SAP) decreased by 14.81% in the past three months. Before having a look at the importance of debt, let us look at how much debt SAP has.SAP's Debt According to the SAP's most recent balance sheet as reported on February 27, 2020, total debt is at $18.19 billion, with $14.52 billion in long-term debt and $3.67 billion in current debt. Adjusting for $5.97 billion in cash-equivalents, the company has a net debt of $12.23 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, shareholders look at the debt ratio. Considering SAP's $67.60 billion in total assets, the debt-ratio is at 0.27. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 25% might be higher for one industry and normal for another.Importance Of Debt Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.Interest-payment obligations can impact the cash-flow of the company. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more.See more from Benzinga * Click here for options trades from Benzinga * How Does Bunge's Debt Look? * What Does Baidu's Debt Look Like?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Qualtrics Files for U.S. IPO Two Years After Sale to SAP

    (Bloomberg) -- Qualtrics International Inc. filed for what could be one of the first U.S. initial public offerings of 2021, just over two years after it was acquired by German software giant SAP SE.The company, which makes customer-survey software, said in a filing Monday it plans to sell an undetermined number of shares for $20 to $24 each. Its paperwork with the U.S. Securities and Exchange Commission listed a placeholder amount of $100 million, which will likely change once it sets the amount of stock that it plans to market.At the top end of that range, the IPO would value Qualtrics at about $14.4 billion on a fully diluted basis, based on about 600 million shares to be outstanding after the listing. Qualtrics’s co-founder and former Chief Executive Officer Ryan Smith agreed on Dec. 8 to buy 6 million shares -- or about 1% of that outstanding stock -- for $20 per share, the filing shows.SAP shares rose as much as 1.8% on Tuesday. SAP agreed to pay $8 billion for Qualtrics in November 2018 in its biggest ever deal, in an effort to compete with rivals such as Salesforce.com Inc. Taking Qualtrics public marks a shift in SAP’s strategy under CEO Christian Klein, who secured the top job at the company in April. When former CEO Bill McDermott announced the purchase -- topping off a $26 billion acquisition spree to push SAP into cloud-based software and services -- investors sent its shares down 4.7% as they balked at the price tag.SAP is seeking to maintain ownership of at least three quarters of Qualtrics after the IPO, Bloomberg News reported in July.Qualtrics also revealed in the filing that investment firm Silver Lake agreed on Dec. 23 to buy $550 million of shares of its Class A common stock in a private placement, including $225 million in stock at the IPO price and the rest at $21.64 per share.Qualtrics reported a net loss of $258 million on total revenue of $550 million for the nine months through September, compared to a net loss of $860 million on revenue of $418 million in the same period a year earlier. The loss in 2019 is partly attributable to the one-time cost of paying employees for their shares in cash at the time of the acquisition, according to people familiar with the matter.Smith, who is now the executive chairman of Qualtrics, agreed this year to buy a majority stake in the National Basketball Association’s Utah Jazz, and other sports and entertainment properties, from Gail Miller and the Miller family.Morgan Stanley and JPMorgan Chase & Co. are leading the listing. Qualtrics plans to list its shares on the Nasdaq Global Select Market under the ticker XM.(Updates with shares, Ryan Smith’s purchase of the Utah Jazz. A previous version of this story corrected Smith’s title.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Qualtrics Files To Go Public At Up To $14.4B Valuation

    Qualtrics Internatonal Inc filed for an initial public offering with the U.S. Securities and Exchange Commission on Monday. The Utah-based experience management software company is targeting a valuation between $12 billion and $14.4 billion.What Happened: The IPO price estimate is in the range of $20 to $24 per share. Qualtrics intends to list its common stock on the Nasdaq under the symbol "XM." The offering is expected to close sometime in January.Qualtrics has also agreed to a private placement of $550 million with technology investment firm Silver Lake. Additionally, Q II -- an entity controlled by Qualtrics co-founder Ryan Smith, will invest $120 million.A consortium led by Morgan Stanley (NYSE: MS) and JPMorgan (NYSE: JPM) will underwrite the IPO.Why Does It Matter: SAP SE (NYSE: SAP) currently holds a 98.6% stake in Qualtrics, and will remain a controlling shareholder after the public issue. SAP will hold approximately 80% of the outstanding shares at the conclusion of the IPO. The German software company acquired Qualtrics in 2018 for $8 billion and disclosed its intention to take the unit public in July with the aim to "fortify Qualtrics's ability to capture its full market potential within Experience Management."The digital survey and experience management company has two classes of shares with identical rights, except voting. While Class A shareholders are entitled to one vote per share, Class B shareholders can exercise ten votes for each share.Price Action: SAP stock closed 3.85% higher at $130.91 on Monday.See more from Benzinga * Click here for options trades from Benzinga * Tesla Becoming New AOL, Cryptocurrency Resurgence And 8 Other Top Wells Fargo Predictions For 2021 * Dubbing 'Wonder Woman 1984' A Success, Warner Bros Hastens Development Of Sequel(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • SAP-owned Qualtrics files for U.S. IPO

    Survey-software seller Qualtrics International Inc, owned by business software group SAP , filed for a U.S. initial public offering of up to $100 million on Monday, with tech stocks largely outperforming the broader market this year. Qualtrics, which SAP bought for $8 billion two years ago, will have two classes of common stock upon completion of the offering, with SAP America Inc set to own all 423.2 million Class B shares and remain the controlling shareholder, according to a regulatory filing https://bit.ly/3hovgWM. The company also said it had applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "XM" and expects the IPO price to be between $20 and $24 apiece.

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  • SAP files for Qualtrics IPO expected to value the software company at more than the acquisition price

    "This is a natural evolution of eventually going public," Qualtrics Chief Executive Zig Serafin told MarketWatch in a phone interview earlier in December. "We are coming full circle."

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