Handicapping the Digital Revolution
Risks to Consider: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. Growth stocks are subject to the daily ups and downs of the stock market, and their long-term potential as well as their volatility can be substantial. No investing strategy can overcome all market volatility or guarantee future results.
Forecasts and projections are based on current market conditions and are subject to change without notice. Projections should not be considered a guarantee.
Enterprise value-to-EBITDA is the ratio of a company's enterprise value to its per-share earnings before interest, taxes, depreciation, and amortization (EBITDA). A forward enterprise value-to-EBITDA multiple uses estimates of both enterprise value and EBITDA over a future time period (some analysts usually project out a couple of years). Enterprise value is generally defined as market cap plus debt, minority interest, and preferred shares, minus total cash and cash equivalents. Estimates are generally derived as the mean of those published by a select group of analysts.
A price-to-earnings (P/E) multiple refers to a company's market price per share divided by annual earnings per share.
Earnings per share is the dollar value of earnings per each outstanding share of a company's common stock.
The opinions in the preceding commentary are as of the date of publication and subject to change based on subsequent developments and may not reflect the views of the firm as a whole. This material is being provided as general information and is not intended to be legal or tax advice. This material is not to be relied upon as a forecast, or research or investment advice regarding a particular investment or the markets in general, nor is it intended to predict or depict performance of any investment. Investors should not assume that investments in the securities and/or sectors described were or will be profitable. This document is prepared based on information Lord Abbett deems reliable; however, Lord Abbett does not warrant the accuracy or completeness of the information. Investors should consult with a financial advisor before making an investment decision.
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