PayPal confirms deal to buy Curv to expand crypto support

PayPal further into crypto

  • PayPal Holdings (NASDAQ:PYPL) confirmed that it will buy Curv, a provider of cloud-based infrastructure for digital asset security, to expand its initiatives to support crypto and digital assets.
  • Sees completing the acquisition in H1 2021; financial terms of the deal weren't disclosed.
  • The deal is valued at less than $200M.

    For this year the company from San Jose could earn a total revenue around 25.68 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2020's revenue of 21.45 billion USD.

    Historical revenues and results PayPal plus estimates 2020

    financiële analyse

    The analysts expect for 2021 a net profit of 5.39 billion USD. According to most of the analysts the company will have a profit per share for this book year of 4.56 USD. So the price/earnings-ratio equals an extreme 53.02.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the financial companies equals an attractive 2.88 percent.

    PayPal 's market capitalization is based on the number of outstanding shares around 283.58 billion USD. The PayPal stock was the past 12 months quite unstable. Since last March the stock is even 120 percent higher. This year the stock price moved between 82 and 309 dollar.

    Historical stock prices PayPal

    stock graphs paypal

    Click here for dividend PayPal. On Tuesday the stock closed at 241.76 USD.

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