Cyclo3pss Corp
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Company profile

Cyclo3pss Corporation is engaged in designing, manufacturing, assembling, sale and installation of ozone application technologies and processes. The Company's principal technology provides an alternative to address food safety and sanitation concerns, healthcare sanitizing, and laundry disinfection and efficiency. The Company’s products include Ster-O3-Zone, Eco Wash and Eco Pure products. Ster-O3-Zone is a medical sterilizer which includes a series of products developed for the medical and pharmaceutical industries. Eco Wash is a laundry equipment which serves the customers in hotel, nursing home and institutional markets. Eco Pure works in projects applying ozone to the sanitizing of turkey, beef, and pork carcasses, as well as brine used in cured meat products.

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Alibaba stock drops after J.P. Morgan cuts price target, turns cautious on revenue outlook

8:03 am ET September 29, 2022 (MarketWatch)

Shares of Alibaba Group Holding Ltd. dropped 2.8% in premarket trading Thursday, after J.P. Morgan analyst Alex Yao said he turned "cautious" on the China-based e-commerce giant's fiscal second-quarter revenue outlook, citing "weak China consumption." Yao reiterated the overweight rating on the stock but cut the price target to $135 from $145.Yao expects "limited improvement" in core customer management revenue (CMR) from the first quarter given the resurgence of COVID in a wide range of cities in China, and expects deceleration in year-over-year cloud revenue growth. At the same time, Yao sees "potential upside" to earnings estimates given the company's commitment to cost savings and efficiency improvements. But Yao believes rather than earnings, revenue recovery is the key determinant of market sentiment. "As a result, Alibaba's weakening revenue outlook in the near term could continue to weigh on the share price despite an unchanged, or even potentially better, profit outlook," Yao wrote in a note to clients. The stock has tumbled 30.2% over the past three months through Wednesday, while the iShares China Large-Cap ETF has dropped 21.0% and the S&P 500 has slumped 22.0%.

-Tomi Kilgore


(END) Dow Jones Newswires

September 29, 2022 08:03 ET (12:03 GMT)

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