{"id":29855,"date":"2023-10-04T16:45:54","date_gmt":"2023-10-04T16:45:54","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/10\/04\/dan-dolev-sees-coinbase-missing-q3-revenue-estimates-by-10\/"},"modified":"2023-10-04T16:45:54","modified_gmt":"2023-10-04T16:45:54","slug":"dan-dolev-sees-coinbase-missing-q3-revenue-estimates-by-10","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/10\/04\/dan-dolev-sees-coinbase-missing-q3-revenue-estimates-by-10\/","title":{"rendered":"Dan Dolev sees Coinbase missing Q3 revenue estimates by 10%"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/178662383_m_normal_none-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/178662383_m_normal_none-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/178662383_m_normal_none-1-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/178662383_m_normal_none-1-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/07\/178662383_m_normal_none-1.jpg\" alt=\"dan dolev coinbase missing q3 revenue\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Mizuho analyst now forecasts as much as $652 million in revenue for Coinbase in Q3.<\/li>\n<li>Dan Dolev continues to see sharp draw back within the crypto inventory to $27.<\/li>\n<li>Coinbase shares are already down roughly 35% versus their year-to-date excessive.<\/li>\n<\/ul>\n<p>Mizuho lowered its quarterly revenue estimate for <a href=\"https:\/\/coinjournal.net\/news\/tag\/coinbase\/\">Coinbase Global Inc<\/a> on Wednesday. Its shares are down 1.0% at writing.<\/p>\n<h2>Dan Dolev shares his view on Coinbase<\/h2>\n<p>Dan Dolev now expects the crypto change to report revenue about 7.0% beneath his earlier forecast for the third quarter. On Wednesday, he stated in a analysis word to shoppers:<\/p>\n<blockquote>\n<p>We anticipate dwindling volumes mixed with an anticipated drought in retail buying and selling to meaningfully weigh on 3Q revenue.<\/p>\n<\/blockquote>\n<p>Note that <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-08-15\/bitcoin-btc-extreme-volatility-vanishes-amid-extreme-apathy-and-exhaustion\" target=\"_blank\" rel=\"noopener\">Bitcoin trading volatility<\/a> tanked to the extent final seen over 4 years in the past in August.<\/p>\n<p>The Mizuho analyst is, subsequently, satisfied that the Nasdaq-listed agency will are available about 10% shy of consensus estimate for revenue in its Q3. Coinbase shares are at present down 35% versus their year-to-date excessive.<\/p>\n<h2>Coinbase shares have draw back to $27<\/h2>\n<p>Dan Dolev now forecasts Coinbase to report revenue within the vary of $609 million to $652 million in its third monetary quarter.<\/p>\n<p>That\u2019s pushed from a pointy decline within the platform\u2019s common every day buying and selling quantity that stood at about $1.0 billion within the second quarter however had crashed to $665 million in September.<\/p>\n<p>The Mizuho analyst, subsequently, maintained his \u201cunderweight\u201d ranking on Coinbase shares this morning. His $27 value goal suggests a greater than 60% draw back from right here.<\/p>\n<p>His bearish name on the inventory arrives shortly after the crypto change stated it had secured AML or Anti-Money Laundering registration with the Bank of Spain (<a href=\"https:\/\/coinjournal.net\/news\/coinbase-secures-registration-with-the-bank-of-spain\/\">find out more<\/a>). Coinbase is the globally the most important holder of Bitcoin as per Arkham.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/dan-dolev-coinbase-missing-q3-revenue-estimates\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mizuho analyst now forecasts as much as $652 million in revenue for Coinbase in Q3. Dan Dolev continues to see sharp draw back within the crypto inventory to $27. Coinbase shares are already down roughly 35% versus their year-to-date excessive. Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday. Its shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[465,4102,8174,4621,4460,86,1200],"class_list":["post-29855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-coinbase","tag-dan","tag-dolev","tag-estimates","tag-missing","tag-revenue","tag-sees","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=29855"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29855\/revisions"}],"predecessor-version":[{"id":29856,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/29855\/revisions\/29856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/25186"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=29855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=29855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post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