Cloudsviewer
  • Home
  • Google Cloud
  • AWS Amazon
  • Azure
No Result
View All Result
  • Home
  • Google Cloud
  • AWS Amazon
  • Azure
No Result
View All Result
cloudsviewer.com
No Result
View All Result
Home Google Cloud

Google Telehealth Partner Amwell Zooms 28% Higher in First Days of Trading

September 19, 2020
Google Telehealth Partner Amwell Zooms 28% Higher in First Days of Trading
Share on FacebookShare on Twitter


Telemedicine providers supplier Amwell (NYSE:AMWL) was a star on the inventory market Thursday and Friday. Making its debut on the New York Inventory Alternate on the previous day simply after its preliminary public providing (IPO), it rose almost 30%, and the next day its worth dropped solely barely.

Amwell’s recognition appears to spring from two sources. First, investor demand for IPOs typically, and tech-flavored IPOs particularly, may be very sturdy proper now.

Secondly, different operators energetic within the telehealth section — Teladoc is the very best instance — have been have been posting spectacular development in operational metrics and sure financials recently. That is due, in fact, to the stay-in-place measures mandated or inspired by authorities within the face of the coronavirus pandemic.

Woman consulting with her doctor via tablet computer.

Picture supply: Getty Photographs.

One other issue elevating Amwell’s profile is the direct involvement of Alphabet‘s (NASDAQ:GOOG)(NASDAQ:GOOGL) Google Cloud unit.

Alphabet/Google Cloud is investing $100 million in a stake of Class C Amwell shares, an quantity that buys it the official title of “most popular world cloud platform” of the telemedicine specialist. Moreover, in accordance with Alphabet, Google Cloud and Amwell will collaborate within the analysis and improvement of recent applied sciences within the section.

Whereas telemedicine is rising quickly in prominence throughout the healthcare sector, it’s nonetheless comparatively younger. That, mixed with the capital expenditures wanted to stroll the chopping fringe of the expertise that underlies it, makes many operators unprofitable. Amwell is not any exception; nonetheless, its income has been rising at a sprightly tempo and, given the sturdiness of the pandemic, would possibly very nicely proceed to take action.

 





Source link

Guest

Guest

Next Post
Azure Saga: Pathfinder is an upcoming JRPG for iOS that previously released on PC and Nintendo Switch | Articles

Azure Saga: Pathfinder is an upcoming JRPG for iOS that previously released on PC and Nintendo Switch | Articles

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

3 ETFs Perfect for Robinhood Investors

3 ETFs Perfect for Robinhood Investors

October 11, 2020
Cloud computing 101: Frequently asked questions

Cloud computing 101: Frequently asked questions

May 2, 2021

Trending.

AWS Named as a Leader for the 11th Consecutive Year in 2021 Gartner Magic Quadrant for Cloud Infrastructure & Platform Services (CIPS)

AWS Named as a Leader for the 11th Consecutive Year in 2021 Gartner Magic Quadrant for Cloud Infrastructure & Platform Services (CIPS)

August 2, 2021
Complete list of Google Cloud blog links 2021

Complete list of Google Cloud blog links 2021

April 18, 2021
Global AR WYSIWYG Editor Software Market Research Analysis of COVID 19

Global AR WYSIWYG Editor Software Market Research Analysis of COVID 19

August 20, 2020
Introducing a Google Cloud architecture diagramming tool

Introducing a Google Cloud architecture diagramming tool

February 17, 2022
Google Cloud Celebrates International Women’s Day

Google Cloud Celebrates International Women’s Day

March 9, 2021
  • Advertise
  • Privacy & Policy

© 2022 Cloudsviewer - Cloud computing news. Quick and easy.

No Result
View All Result
  • Home

© 2022 Cloudsviewer - Cloud computing news. Quick and easy.