Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
ChinaIPO:
19 March 2021Website:
http://www.tuya.comNext earnings report:
27 February 2025Last dividends:
11 September 2024Next dividends:
N/APrice
regular market | 8 min agoAnalysts recommendations
Institutional Ownership
TUYA Latest News
Despite a 32% YTD drop, TUYA's robust portfolio, strong clientele and attractive valuation suggest that the stock can be an attractive pick right now.
Tuya Inc. is a speculative buy at $1-$1.50 due to its strong revenue growth and margin expansion despite market skepticism. The company's IoT PaaS and SaaS segments show impressive growth, with total revenue up 33.6% year-over-year. Margins slightly contracted due to higher costs, but adjusted operating expenses decreased, and the company is near breakeven on an adjusted basis.
Tuya Inc. (NYSE:TUYA ) Q3 2024 Results Conference Call November 18, 2024 7:30 PM ET Company Participants Reg Chai - IR Jerry Wang - CEO Alex Yang - CFO Conference Call Participants Tom Tang - Morgan Stanley Timothy Zhao - Goldman Sachs Kai Xiao - CICC John Roy - Water Tower Research Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to Tuya Inc. Third Quarter 2024 Earnings Conference Call.
SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ -- Tuya, Inc. ("Tuya" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that the board (the "Board") of directors of the Company has appointed Ms.
SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ -- Tuya Inc. (" Tuya " or the " Company ") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced its unaudited financial results for the third quarter ended September 30, 2024.
SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13% of Tuya's total issued shares from New Enterprise Associates ("NEA").
NEW YORK , Nov. 11, 2024 /PRNewswire/ -- From November 11 to 22, 2024, the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) is set to commence in Baku, the capital of Azerbaijan. Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global cloud platform service provider, is poised to make a significant appearance at this pivotal event, representing the technology sector.
SANTA CLARA, Calif. , Nov. 5, 2024 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that it will report its third quarter 2024 unaudited financial results after the market closes on Monday, November 18, 2024.
My Buy rating for Tuya Inc. is unchanged, considering the potential for an improvement in the company's future financial performance and capital return. Tuya's recent special dividend distribution increases the likelihood of the company paying out recurring dividends in the coming years. I expect Tuya to achieve faster revenue growth and profit margin expansion going forward, considering the favorable change in the client mix and the positive effects of operating leverage.
The shares of several Chinese technology companies experienced significant declines. Notably, Tuniu (TOUR, Financial) dropped by nearly 8%, and Tiger Securities (TIGR) saw a decrease of close to 7%.
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What type of business is Tuya?
Tuya Inc. offers purpose-built Internet of Things (IoT) cloud development platform in the People's Republic of China and internationally. The company provides platform-as-a-service that enables business, original equipment manufacturers, brands, and developers to develop, launch, manage, and monetize software-enabled smart devices and services; and industry software-as-a-service, which enables businesses to deploy, connect, and manage various types of smart devices. It also offers cloud-based software value-added services that provides end users with smart features, such as cloud storage; and Cube Smart Private Cloud Solution which enables conglomerates to build their own autonomous and controllable IoT platforms; and could-based services to businesses, developers, and end users to develop and manage IoT experiences. In addition, the company provides smart solutions for IoT devices that integrates software capabilities; and enables developers to activate an IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a range of smart devices, as well as sells finished smart devices. It offers its solutions to smart home, smart business, renewable energy, education, agriculture, outdoors and sport, and entertainment industries. The company was incorporated in 2014 and is based in Hangzhou, the People's Republic of China.
What sector is Tuya in?
Tuya is in the Technology sector
What industry is Tuya in?
Tuya is in the Software Infrastructure industry
What country is Tuya from?
Tuya is headquartered in China
When did Tuya go public?
Tuya initial public offering (IPO) was on 19 March 2021
What is Tuya website?
https://www.tuya.com
Is Tuya in the S&P 500?
No, Tuya is not included in the S&P 500 index
Is Tuya in the NASDAQ 100?
No, Tuya is not included in the NASDAQ 100 index
Is Tuya in the Dow Jones?
No, Tuya is not included in the Dow Jones index
When was Tuya the previous earnings report?
No data
When does Tuya earnings report?
The next expected earnings date for Tuya is 27 February 2025