Weave Communications (WEAV) Stock

DUBAI, United Arab Emirates, Nov. 22, 2024 (GLOBE NEWSWIRE) -- CoreNest Capital , one of the most dynamic emerging players in venture capital, has announced its latest round of investments, backing seven innovative companies: OpenAI, xAI, Weave Robotics, Blaze Money, Domu, Phonely, Andromeda Surgical, and Texture Capital. These strategic investments underscore CoreNest's commitment to driving transformative growth across AI, robotics, MedTech, and fintech sectors.

Does Weave Communications, Inc. (WEAV) have what it takes to be a top stock pick for momentum investors? Let's find out.

Weave Communications (WEAV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

LEHI, Utah--(BUSINESS WIRE)--Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform for small and medium-sized healthcare businesses, today announced it will release its financial results for the third quarter 2024 after U.S. markets close on Wednesday, October 30, 2024. Company management will host a conference call and webcast at 4:30 p.m. ET to discuss Weave's financial results and provide a business update. Individuals interested in listening to the conf.

LEHI, Utah--(BUSINESS WIRE)--Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, today announced user-interface (UI) updates tailored specifically for veterinary practices. These new enhancements were developed based on extensive feedback from veterinary professionals to streamline daily operations and improve the overall experience for clinic staff and clients. The updates put pet information at the forefront, elevating it throughout the Weave platform.

LEHI, Utah--(BUSINESS WIRE)--Weave (NYSE: WEAV), a leading all-in-one customer experience software and payments platform, today announced the launch of its groundbreaking AI-powered Call Intelligence product. This revolutionary technology transforms how healthcare practices analyze and leverage call data, enabling them to elevate patient experiences, boost operational efficiency, and unlock new revenue streams. Using a custom generative AI model, Weave Call Intelligence gives healthcare provide.

Weave Communications (WEAV) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Weave Communications, Inc. (WEAV) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.05 per share a year ago.

I give a buy rating for WEAV with a share price target of $13. WEAV provides an all-in-one platform for small businesses, improving operational efficiency and customer satisfaction. WEAV has demonstrated strong execution over the past few years, and its recent ~20% growth is especially commendable given the macro headwinds.