Friday, August 20, 2021

The datacenter as a computer: Designing warehouse-scale machines | My notes

 Aug. 20, 2021

Introduction

It is the cheapest way to invest and learn so many things. I enjoy reading the book called The datacenter as a computer: Designing warehouse-scale machines. 

My notes | 60+ minutes

warehouse-scale computers, or WSCs

Page 29/ 209 

1.6 ARCHITECTURAL OVERVIEW OF WSCS

1.6.1 SERVERS 

The hardware building blocks for WSCs are low-end servers, typically in a 1U2 or blade enclosure format, and mounted within a rack and interconnected using a local Ethernet switch. These racklevel switches, which can use 40 Gbps or 100 Gbps links, have a number of uplink connections to one or more cluster-level (or data center-level) Ethernet switches. This second-level switching domain can potentially span more than 10,000 individual servers. In the case of a blade enclosure, there is an additional first level of networking aggregation within the enclosure where multiple processing blades connect to a small number of networking blades through an I/O bus such as PCIe. 

1.6.2 STORAGE

Distributed storage systems not only manage storage devices, but also provide unstructured and structured APIs for application developers. Google’s Google File System (GFS), and later Colossus and its Cloud cousin GCS [Ser17], are examples of unstructured WSC storage systems that use space-efficient Reed-Solomon codes and fast reconstruction for high availability. Google’s BigTable [Cha+06] and Amazon’s Dynamo [DeC+07] are examples of structured WSC storage that provides database-like functionality but with weaker consistency models. To simplify developers’ tasks, newer generations of structured storage systems such as Spanner [Cor+12] provide an SQL-like interface and strong consistency models.

The nature of distributed storage in WSCs also leads to the interplay of storage and networking technologies. The fast evolution and improvement of data center networking have created a large gap between network and disk performance, to the point that WSC designs can be dramatically simplified to not consider disk locality. On the other hand, low-latency devices such as Flash SSD and emerging Non-Volatile Memories (NVMs) pose new challenges for WSC design. 

WSC designers need to build balanced systems with a hierarchy of memory and storage technologies, holistically considering the cluster-level aggregate capacity, bandwidth, and latency. Chapter 3 discusses system balance in more detail. 

Overview of book (Page 35)

Chapter 2 starts with an overview of applications that run on WSCs and that define all the later system design decisions and trade-offs. We discuss key applications like web search and video streaming, and also cover the systems infrastructure stack, including platform-level software, cluster-level infrastructure, and monitoring and management software.

Chapter 3 covers the key hardware building blocks. We discuss the high-level design considerations in WSC hardware and focus on server and accelerator building blocks, storage architectures, and data center networking designs. We also discuss the interplay between compute, storage, and networking, and the importance of system balance. 

Chapter 4 looks at the next level of system design, focusing on data center power, cooling infrastructure, and building design. We provide an overview of the basics of the mechanical and electrical engineering involved in the design of WSCs and delve into case studies of how Google designed the power delivery and cooling in some of its data centers. 

Chapter 5 discusses the broad topics of energy and power efficiency. We discuss the challenges with measuring energy efficiency consistently and the power usage effectiveness (PUE) metric for data center-level energy efficiency, and the design and benefits from power oversubscription. We discuss the energy efficiency challenges for computing, with specific focus on energy proportional computing and energy efficiency through specialization.  

Chapter 6 discusses how to model the total cost of ownership of WSC data centers to address both capital expenditure and operational costs, with case studies of traditional and WSC computers and the trade-offs with utilization and specialization. 

Chapter 7 discusses uptime and availability, including data that shows how faults can be categorized and approaches to dealing with failures and optimizing repairs. 

Chapter 8 concludes with a discussion of historical trends and a look forward. With the slowing of Moore’s Law, we are entering an exciting era of system design, one where WSC data centers and cloud computing will be front and center, and we discuss the various challenges and opportunities ahead.

2.1 WAREHOUSE DATA CENTER SYSTEMS STACK



  •  Platform-level software: The common firmware, kernel, operating system distribution, and libraries expected to be present in all individual servers to abstract the hardware of a single machine and provide a basic machine abstraction layer. 

    • Cluster-level infrastructure: The collection of distributed systems software that manages resources and provides services at the cluster level. Ultimately, we consider these services as an operating system for a data center. Examples are distributed file systems, schedulers and remote procedure call (RPC) libraries, as well as programming models that simplify the usage of resources at the scale of data centers, such as MapReduce [DG08], Dryad [Isa+07], Hadoop [Hadoo], Sawzall [Pik+05], BigTable [Cha+06], Dynamo [DeC+07], Dremel [Mel+10], Spanner [Cor+12], and Chubby [Bur06]. 

    • Application-level software: Software that implements a specific service. It is often useful to further divide application-level software into online services and offline computations, since they tend to have different requirements. Examples of online services are Google Search, Gmail, and Google Maps. Offline computations are typically used in large-scale data analysis or as part of the pipeline that generates the data used in online services, for example, building an index of the web or processing satellite images to create map tiles for the online service. 

    • Monitoring and development software: Software that keeps track of system health and availability by monitoring application performance, identifying system bottlenecks, and measuring cluster health. 

2.2 PLATFORM-LEVEL SOFTWARE (Page 38)

The basic software system image running in WSC server nodes isn’t much different than what one would expect on a regular enterprise server platform. Therefore we won’t go into detail on this level of the software stack. 

Firmware, device drivers, or operating system modules in WSC servers can be simplified to a larger degree than in a general purpose enterprise server. Given the higher degree of homogeneity in the hardware configurations of WSC servers, we can streamline firmware and device driver development and testing since fewer combinations of devices will exist. In addition, a WSC server is deployed in a relatively well known environment, leading to possible optimizations for increased performance. For example, the majority of the networking connections from a WSC server will be to other machines within the same building, and incur lower packet losses than in long-distance internet connections. Thus, we can tune transport or messaging parameters (timeouts, window sizes, and so on) for higher communication efficiency. 

Virtualization first became popular for server consolidation in enterprises but now is also popular in WSCs, especially for Infrastructure-as-a-Service (IaaS) cloud offerings [VMware]. A virtual machine provides a concise and portable interface to manage both the security and performance isolation of a customer’s application, and allows multiple guest operating systems to  co-exist with limited additional complexity. The downside of VMs has always been performance, particularly for I/O-intensive workloads. In many cases today, those overheads are improving and the benefits of the VM model outweigh their costs. The simplicity of VM encapsulation also makes it easier to implement live migration (where a VM is moved to another server without needing to bring down the VM instance). This then allows the hardware or software infrastructure to be upgraded or repaired without impacting a user’s computation. Containers are an alternate popular abstraction that allow for isolation across multiple workloads on a single OS instance. Because each container shares the host OS kernel and associated binaries and libraries, they are more lightweight compared to VMs, smaller in size and much faster to start.

2.3.3 APPLICATION FRAMEWORK (page 40 / 209)

The entire infrastructure described in the preceding paragraphs simplifies the deployment and efficient usage of hardware resources, but it does not fundamentally hide the inherent complexity of a large scale system as a target for the average programmer. From a programmer’s standpoint, hardware clusters have a deep and complex memory/storage hierarchy, heterogeneous components, failure-prone components, varying adversarial load from other programs in the same system, and resource scarcity (such as DRAM and data center-level networking bandwidth). Some types of higher-level operations or subsets of problems are common enough in large-scale services that it pays off to build targeted programming frameworks that simplify the development of new products. Flume [Cha+10], MapReduce [DG08], Spanner [Cor+12], BigTable [Cha+06], and Dynamo [DeC+07] are good examples of pieces of infrastructure software that greatly improve programmer productivity by automatically handling data partitioning, distribution, and fault tolerance within their respective domains. Equivalents of such software for the cloud, such as Google Kubernetes Engine (GKE), CloudSQL, AppEngine, etc. will be discussed in the discussion about cloud later in this section.

Breakfast and learn: Visualizing Cloud Bigtable Access Patterns at Twitter for Optimizing Analytics (Cloud Next '18)

Aug. 20, 2021

Here is the link. 

In this session, Steve Niemitz from Twitter will present how they use Cloud Bigtable to power their advertiser analytics systems. In the process of designing and implementing the system, Steve and his team iteratively optimized their Cloud Bigtable row key schema using intuition about the data set. Misha Brukman and Wim De Pauw will present Cloud Bigtable, its storage and scalability model, and how Twitter visualized access patterns to Cloud Bigtable at scale, without performance impact to the Cloud Bigtable cluster.


Thursday, August 19, 2021

SABR stock: Time to invest | Long term investing | My purchase in 2020

Aug. 19, 2021

I like to continue to work on equity research on SABR stock. 

Sabr purchase | 2020 loss around $900 dollars | My learning experience



SABR reddit | Short research  

Posted by

Sabre $SABR is poised for a breakout

Sabre is a leading technology solutions provider to the global travel industry. It trades on NASDAQ under the ticker $SABR and currently has a share price of $12.73 with a market cap of $4.04 billion. Sabre holds the number-two share of global distribution system air bookings (38.8% as of the end of 2019 versus 37.1% in 2018). The global distribution system segment represented 73% of total 2019 revenue. The company also has a growing IT solutions division (27% of revenue) that focuses on the airline, hospitality, and travel agent end markets. Transaction fees, which are tied to volume and not price, account for the bulk of revenue and profits. Beyond just being a good short squeeze opportunity, I think this company has potential to be a great long-term hold given its trading at ~45% bellow COVID-19 highs.

Thesis 1) Potential Short Squeeze Opportunity:

Keeping with our current theme, the biggest catalyst Sabre has is the fact that it currently has a 19.45% short interest. It has 274,710,000 shares outstanding with 61,700,000 shares being shorted. Due to its moderate volume, the short interest ratio / days to cover is 7 days making it a prime candidate for a short squeeze. Given some positive catalysts such as their recently announced Google Partnership as well as the fast vaccination rollout in the U.S., I think now is an excellent time to start buying the stock.

Thesis 2) Newly Forged Google Partnership:

On January 21, Google Cloud announced it has joined forces with Sabre Corporation to help digitally transform the traveler’s experience and co-create the future of travel. The 10-year-strategic partnership between Google and Sabre will enable the travel provider to improve operational agility while developing new services and creating a new marketplace for its airline, hospitality and travel agency customers. I think this a great initiative from management and the company, and it will reap the benefits from this partnership.

• Improving Sabre’s technology capability: Sabre will begin the process of migrating its IT infrastructure to Google Cloud’s highly available and secure services. The partnership provides Sabre advanced support and greater flexibility to meet its technology objectives.

• Using Google Cloud tools to enhance and optimize travel: Google Cloud’s data analytics tools will enable Sabre to enhance the capabilities of current and future products. They will provide Sabre with insights to help them improve operational efficiency and create and optimize travel options, improving both loyalty and revenues for its customers.

• Driving a broader innovation framework: The two companies have aligned upon a framework that leverages talent and assets of both companies to imagine, develop and deploy future capabilities that will advance the travel ecosystem, benefiting all market participants.

Thesis 3) Vaccination Roll-Out:

Finally, travel should recover to pre-COVID levels once vaccines are rolled-out. Luckily for America, it has been doing a pretty good job at it. In the U.S., more Americans have now received at least one dose than have tested positive for the virus since the pandemic began. So far, 35 million doses have been given, according to a state-by-state tally. In the last week, an average of 1.34 million doses per day were administered. In the U.S., the latest vaccination rate is 1,335,310 doses per day, on average. At this rate, it will take 11 months to cover 75% of the population with a two-dose vaccine. All in all, before the year is out we should see a meaningful progress towards achieving full immunity which means we can go back to travelling! This increase in travel will obviously benefit Sabre as well as the broader airline and travel adjacent industries.

In conclusion, I think now is a great opportunity to pick up some Sabre shares which is a fundamentally strong business that is trading at a steep discount (deep value anyone?). It has several favorable catalysts that will help share prices in the short term while also being a great long-term holding due the fundamental strength of the business. I’m long

Disclaimer: I am not a financial advisor, and this is not financial advice. Do you own due diligence.

RIG stock: Insider monkey | Hedge fund sentimental

 

Transocean Ltd. (NYSE: RIG)

Number of Hedge Fund Holders: 27 

Transocean Ltd. (NYSE: RIG) is placed first on our list of 15 best penny stocks to buy now. The company is headquartered in Switzerland and markets offshore drilling services. The company operates a fleet of 37 mobile offshore drilling units. The company posted earnings for the second quarter on August 2, reporting a revenue of $713 million, beating market predictions by $29 million. The revenue efficiency over the period was 98%, up 0.6% year-on-year. According to the July 2021 Fleet Status report, the contract backlog stood at $7.3 billion. 

Transocean Ltd. (NYSE: RIG) has a market cap of more than $2 billion and posted $3 billion in revenue last year. It was founded in 1926. The short interest on the stock is 9.9% and the volume is 1,125,121. 

At the end of the second quarter of 2021, 27 hedge funds in the database of Insider Monkey held stakes worth $313 million in Transocean Ltd. (NYSE: RIG), up from 20 in the preceding quarter worth $148 million.

Actionable Items

RIG - 15% is hold by hedge funds. Google and find out. 


RIG stock: 15 Best Penny Stocks to Buy Now | Insider monkey | Hedge fund sentiment around penny stocks

Aug. 19, 2021

Who are we?

Insider Monkey is one of the fastest growing financial research websites on the web, read by 1.5 million people every month.

Our research is headed by Ian Dogan who is a former fund manager, holding a Ph.D. in the field. We partnered with Marketwatch and created the Marketwatch/Insider Monkey Billionaire Hedge Fund Index.

Here is the article. 

In this article, we discuss the 15 best penny stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Penny Stocks to Buy Now.

Retail investors who do not have the billions of dollars that institutional investors have access to often look towards penny stocks as an entry into the world of investing. This strategy often proves to be fruitful since research on small companies and the growth potential they offer is a tried and tested way of understanding how the market functions. Although it is not often that penny stocks lead investors to the next Amazon.com, Inc. (NASDAQ: AMZN) or Facebook, Inc. (NASDAQ: FB), they do offer the chance for short-term handsome returns owing to their volatility.

To put this into perspective, consider how market giants like GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA) were all in the penny stock range not too long ago. These stocks have gained 3,277%, 590%, 54%, 3,043% over the past twelve months, respectively, representing the explosive growth potential that good penny stocks can offer to those investors who are willing to take the time to analyze small companies.

Some of the best penny stocks to buy now include Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ), among others discussed in detail below. According to news platform CNBC, the explosion in stock volumes over the past two years has also helped push penny stocks higher. A CNBC report from January 2021 highlighted how the average daily volume of the market has gone up from 7 billion in 2019, to almost 11 billion in 2020, and stood at over 14 billion at the beginning of 2021.

The influx of retail investors and the equities they favor have had a huge impact on the overall market dynamics. The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 115 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Our Methodology

With this context in mind, here is our list of the 15 best penny stocks to buy now. We chose stocks of companies working on products and services having long-term growth potential.

We also took into account analyst ratings and research reports to gauge market sentiment for these stocks. These stocks were ranked according to the number of hedge fund holders in each stock. Even though hedge funds are not big fans of penny stocks, data of 873 hedge funds tracked by Insider Monkey was used to gauge hedge fund sentiment around each company.

All the stocks mentioned below have a share price below $5.

Best Penny Stocks to Buy Now

15. PowerBand Solutions Inc. (OTC: PWWBF)

Number of Hedge Fund Holders: N/A

PowerBand Solutions Inc. (OTC: PWWBF) is a technology company that markets software and financing solutions. It is placed fifteenth on our list of 15 best penny stocks to buy now. The firm is based in Canada and primarily serves the automotive industry. In earnings results for the first half of the fiscal year, posted on August 18, the company reported a revenue of $7.6 million, up more than 645% compared to the revenue over the same period last year. It has a market cap of $138 million and posted $2.3 million in revenue in 2020.

Some of the products marketed by PowerBand Solutions Inc. (OTC: PWWBF) include LiveNet Auction, Marketplace Auction, Dynamic Appraisal, PowerDesk, IntellaCar, and DRIVRZLane, among others. It is headquartered in Burlington.

On July 12, PowerBand Solutions Inc. (OTC: PWWBF) reported a 31% increase in June gross revenue. The growth was attributed to the increase in lease originations that grew from just 69 in late 2020 to over 216 in the next six months.

Just like Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ), PowerBand Solutions Inc. (OTC: PWWBF) is one of the best penny stocks to buy now for those who cannot afford Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA).

14. HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT)

Number of Hedge Fund Holders: N/A

HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) is ranked fourteenth on our list of 15 best penny stocks to buy now. The company operates from Canada and engages in cryptocurrency mining operations. It was founded in 1987 as Leeta Gold Corp but changed the name to HIVE Technologies in 2017 to concentrate on crypto mining. On August 13, the firm announced that it had ordered 1,800 Antminer S19j Pro miners from Bitmain Technologies as part of a plan to upgrade mining equipment. The share price surged 6.4% after the announcement.

On July 30, HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) announced that it had achieved an annual run rate of $200 million based on the current prices of Bitcoin and Ethereum. The firm also revealed the purchase of 4,000 miners for the purpose.

HIVE Blockchain Technologies Ltd. (NASDAQ: HVBT) has a market cap of $1 billion and posted close to $30 million in revenue last year. The shares were approved for listing on the NASDAQ exchange in June this year.

13. Verb Technology Company, Inc. (NASDAQ: VERB)

Number of hedge fund holders: 3

Verb Technology Company, Inc. (NASDAQ: VERB) is placed thirteenth on our list of 15 best penny stocks to buy now. It is a Utah-based software firm. The company is one of the most mentioned stocks on Reddit forums. From June to July 15, the stock registered an incredible 160% rally before taking a breather in the coming weeks.

On July 23, investment advisory Alliance Global reiterated a Buy rating on Verb Technology Company, Inc. (NASDAQ: VERB) stock and raised the price target to $4 from $2.75, underlining that the firm was over the development stage and now entering monetization phase.

At the end of the second quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $710,000 million in Verb Technology Company, Inc. (NASDAQ: VERB), the same as in the previous quarter worth $195,000.

12. Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)

Number of Hedge Fund Holders: 6

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is Greece-based international shipping company. It is ranked twelfth on our list of 15 best penny stocks to buy now. It operates a fleet of 11 Capesize vessels. On August 11, the share price of the firm soared by more than 3% after the board announced plans for a share repurchase worth $17 million. The firm has a market cap of $183 million and posted $63 million in revenue last year. The firm primarily engages in the transportation of iron ore and coal.

In March, investment advisory Noble Capital upgraded Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) stock to Outperform from Market Perform with a price target of $1.50, noting that the pullback in share price of the firm was an attractive buying opportunity.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $3.9 million in Seanergy Maritime Holdings Corp. (NASDAQ: SHIP), up from 3 in the previous quarter worth $2.1 million.

11. Ideanomics, Inc. (NASDAQ: IDEX)

Number of Hedge Fund Holders: 6

Price as of August 13, 2021: $2.40

Ideanomics, Inc. (NASDAQ: IDEX) is a New York-based company that concentrates on providing fintech services for the adoption of electric vehicles. It is placed eleventh on our list of 15 best penny stocks to buy now. In earnings results for the second quarter, posted on August 16, the company reported a revenue of more than $33 million, up 606% compared to the revenue over the same period last year and beating market estimates by $2.2 million. The gross profit over the period was $9.3 million, representing a gross margin of 28%.

In April, investment advisory Roth Capital assumed coverage of Ideanomics, Inc. (NASDAQ: IDEX) stock with a Buy rating and a price target of $7, highlighting that the firm was targeting emerging opportunities in the electric vehicle space.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $34 million in Ideanomics, Inc. (NASDAQ: IDEX), down from 7 in the preceding quarter worth $20 million.

In addition to Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ), Ideanomics, Inc. (NASDAQ: IDEX) is one of the best penny stocks to buy now for those who cannot afford Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA).

10. Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

Number of Hedge Fund Holders: 7

Electrameccanica Vehicles Corp. (NASDAQ: SOLO) is ranked tenth on our list of 15 best penny stocks to buy now. The firm is based in Canada and makes and sells electric vehicles. In earnings results for the second quarter, posted on August 11, the company reported a revenue of $0.3 million, beating market predictions by $0.21 million. In late June, the company had filed for a mixed shelf offering to raise $750 million for use in sales, marketing, capital, and product development expenditures.

On May 12, Electrameccanica Vehicles Corp. (NASDAQ: SOLO) announced the start of construction on a new assembly and technical center in Arizona that is spread over 18 acres of land and includes a manufacturing plant as well.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Electrameccanica Vehicles Corp. (NASDAQ: SOLO) with 1 million shares worth more than $4.7 million.

9. Exela Technologies, Inc. (NASDAQ: XELA)

Number of Hedge Fund Holders: 7

Exela Technologies, Inc. (NASDAQ: XELA) is placed ninth on our list of 15 best penny stocks to buy now. It is based in Texas and markets digital processing solutions. On August 11, the firm announced that it would be extending a strategic agreement signed with a healthcare firm that utilized the technology and operational capability of the former in a contract worth $7.5 million. The firm has a market cap of $165 million and posted more than $1.2 billion in revenue last year. The short interest on the stock is 18.9%.

On June 2, investment advisory Cantor Fitzgerald initiated coverage of Exela Technologies, Inc. (NASDAQ: XELA) stock with an Overweight rating and a price target of $4, noting the improvement in basic business fundamentals of the firm.

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $7.5 million in Exela Technologies, Inc. (NASDAQ: XELA), down from 8 in the previous quarter worth $10 million.

8. eMagin Corporation (NYSE: EMAN)

Number of Hedge Fund Holders: 6

eMagin Corporation (NYSE: EMAN) is a New York-based company that makes and sells products used by the virtual imaging industry. It is placed eighth on our list of 15 best penny stocks to buy now. In earnings results for the second quarter, posted on August 12, the company reported earnings per share of $0.00, beating market predictions by $0.03. The revenue over the period was $6.3 million, down close to 18% year-on-year and missing estimates by $1.4 million.

In March, investment advisory HC Wainwright maintained a Buy rating on eMagin Corporation (NYSE: EMAN) stock and raised the price target to $5 from $2, noting that the firm was well positioned for the rest of the fiscal year.

At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $4 million in eMagin Corporation (NYSE: EMAN), down from 9 in the preceding quarter worth $5.9 million.

Transocean Ltd. (NYSE: RIG), IAMGOLD Corporation (NYSE: IAG), and CarLotz, Inc. (NASDAQ: LOTZ) are some of the best penny stocks to buy now for those who cannot afford Amazon.com, Inc. (NASDAQ: AMZN), Facebook, Inc. (NASDAQ: FB), GameStop Corp. (NYSE: GME), AMC Entertainment Holdings, Inc. (NYSE: AMC), Novavax, Inc. (NASDAQ: NVAX), and Cassava Sciences, Inc. (NASDAQ: SAVA), in addition to eMagin Corporation (NYSE: EMAN).

7. Sesen Bio, Inc. (NASDAQ: SESN)

Number of Hedge Fund Holders: 10

Sesen Bio, Inc. (NASDAQ: SESN) is a Cambridge-based biotechnology company that focuses on the development of targeted fusion protein therapies for cancer patients. It is ranked seventh on our list of 15 best penny stocks to buy now. The firm was founded in 2008. It has a market cap of $295 million and posted $11 million in revenue last year. The short interest on the stock is over 10% and the volume is 7,053,750. The company was formerly known as Eleven Biotherapeutics but changed the name in 2018.

On August 17, investment advisory Canaccord reiterated a Buy rating on Sesen Bio, Inc. (NASDAQ: SESN) stock but lowered the price target to $3 from $7, noting that the firm was expected to address concerns about a drug in a regulatory meeting soon.

At the end of the second quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $46 million in Sesen Bio, Inc. (NASDAQ: SESN), down from 11 in the preceding quarter worth $35 million.

6. Trivago N.V. (NASDAQ: TRVG)

Number of Hedge Fund Holders: 10

Trivago N.V. (NASDAQ: TRVG) is placed sixth on our list of 15 best penny stocks to buy now. The firm is based in Germany. It owns and operates a hotel search platform. The firm hosts information about 5 million hotels and offers access to local websites and applications in 32 different languages. In earnings results for the second quarter, posted on July 29, the firm reported a revenue of €95 million. In the corresponding period last year, the revenue had been slightly more than €16 million.

On May 5, investment advisory Mizuho maintained a Buy rating on Trivago N.V. (NASDAQ: TRVG) stock and raised the price target to $4 from $2.70, noting that an improved outlook for the firm was expected in light of lifting of travel restrictions.

At the end of the second quarter of 2021, 10 hedge funds in the database of Insider Monkey held stakes worth $67 million in Trivago N.V. (NASDAQ: TRVG), the same as in the preceding quarter worth $84 million.

In this article, we discuss the 5 best penny stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 15 Best Penny Stocks to Buy Now.

5. Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO)

Number of Hedge Fund Holders: 12   

Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) is ranked fifth on our list of 15 best penny stocks to buy now. The company operates from Ohio and makes and sells biopharmaceutical products. On August 11, the company posted earnings for the second quarter, reporting earnings per share of -$0.09, beating market estimates by $0.31. The cash and cash equivalents over the period were close to $37 million at the end of the second quarter. The firm has a market cap of over $109 million. 

On July 8, investment advisory HC Wainwright upgraded Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) stock to Buy from Neutral with a price target of $22, noting that the firm was on a path to self-sustainability. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm OrbiMed Advisors is a leading shareholder in Aerpio Pharmaceuticals, Inc. (NASDAQ: ARPO) with 5.1 million shares worth more than $6.7 million. 

4. VEON Ltd. (NASDAQ: VEON)

Number of Hedge Fund Holders: 13    

VEON Ltd. (NASDAQ: VEON) is a Netherlands-based company that markets telecommunication and mobile services. It is ranked fourth on our list of 15 best penny stocks to buy now. It has a market cap of $2.7 billion and posted more than $7.8 billion in revenue last year. The company serves more than 200 million customers spread over countries such as Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan, and Georgia, among others. It markets services under the Beeline, Kyivstar, and Jazz brands. 

On June 17, investment advisory UBS upgraded VEON Ltd. (NASDAQ: VEON) stock to Buy from Neutral and raised the price target to $2.40 from $1.65. Ondrej Cabejsek, an analyst at the firm, issued the ratings update. 

At the end of the second quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $51 million in VEON Ltd. (NASDAQ: VEON), up from 8 in the previous quarter worth $20 million.

3. CarLotz, Inc. (NASDAQ: LOTZ)

Number of Hedge Fund Holders: 16

CarLotz, Inc. (NASDAQ: LOTZ) is a Virginia-based firm that owns and runs a used vehicle marketplace. It is placed third on our list of 15 best penny stocks to buy now. The firm was founded in 2011. It serves many different types of customers in the US which include corporate partners, fleet leasing companies, rental car firms, banks, wholesalers, original equipment manufacturers, and retailers, among others. The company operates ten used vehicle hubs for business across the US. 

CarLotz, Inc. (NASDAQ: LOTZ) has a market cap of over $458 million and posted $118 million in revenue last year. In earnings results for the second quarter, posted on August 9, the firm reported a revenue of $50 million, up 93% year-on-year and beating estimates by $2.6 million. 

At the end of the second quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $48 million in CarLotz, Inc. (NASDAQ: LOTZ), down from 19 in the preceding quarter worth $106 million.

2. IAMGOLD Corporation (NYSE: IAG)

Number of Hedge Fund Holders: 19

IAMGOLD Corporation (NYSE: IAG) is ranked second on our list of 15 best penny stocks to buy now. The firm is based in Canada. It develops and operates gold mining properties. On August 5, the company posted earnings for the second quarter, reporting earnings per share of -$0.01, beating market estimates by $0.01. The revenue over the period was $265 million, down 6% compared to the revenue over the same period last year. However, the firm provided improved guidance numbers for the third quarter in the earnings report. 

On July 16, investment advisory National Bank maintained an Outperform rating on IAMGOLD Corporation (NYSE: IAG) stock but lowered the price target to C$6 from C$6.25. John Sclodnick, an analyst at the firm, issued the ratings update. 

At the end of the second quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $124 million in IAMGOLD Corporation (NYSE: IAG), down from 22 the preceding quarter worth $134 million.


1. Transocean Ltd. (NYSE: RIG)

Number of Hedge Fund Holders: 27 

Transocean Ltd. (NYSE: RIG) is placed first on our list of 15 best penny stocks to buy now. The company is headquartered in Switzerland and markets offshore drilling services. The company operates a fleet of 37 mobile offshore drilling units. The company posted earnings for the second quarter on August 2, reporting a revenue of $713 million, beating market predictions by $29 million. The revenue efficiency over the period was 98%, up 0.6% year-on-year. According to the July 2021 Fleet Status report, the contract backlog stood at $7.3 billion. 

Transocean Ltd. (NYSE: RIG) has a market cap of more than $2 billion and posted $3 billion in revenue last year. It was founded in 1926. The short interest on the stock is 9.9% and the volume is 1,125,121. 

At the end of the second quarter of 2021, 27 hedge funds in the database of Insider Monkey held stakes worth $313 million in Transocean Ltd. (NYSE: RIG), up from 20 in the preceding quarter worth $148 million.

Click to continue reading and see 5 Best Penny Stocks to Buy Now.

Suggested Articles:

Disclose. None. 15 Best Penny Stocks to Buy Now is originally published on Insider Monkey.

 

Book reading: The Datacenter as a Computer Designing Warehouse-Scale Machines | Quick read - 60+ minutes

August 19, 2021

Here is the link. 

ABSTRACT 

This book describes warehouse-scale computers (WSCs), the computing platforms that power cloud computing and all the great web services we use every day. It discusses how these new systems treat the datacenter itself as one massive computer designed at warehouse scale, with hardware and software working in concert to deliver good levels of internet service performance. The book details the architecture of WSCs and covers the main factors influencing their design, operation, and cost structure, and the characteristics of their software base. Each chapter contains multiple real-world examples, including detailed case studies and previously unpublished details of the infrastructure used to power Google’s online services. Targeted at the architects and programmers of today’s WSCs, this book provides a great foundation for those looking to innovate in this fascinating and important area, but the material will also be broadly interesting to those who just want to understand the infrastructure powering the internet.

Introduction

The ARPANET is nearly 50 years old, and the World Wide Web is close to 3 decades old. Yet the internet technologies that emerged from these two remarkable milestones continue to transform industries and cultures today and show no signs of slowing down. The widespread use of such popular internet services as web-based email, search, social networks, online maps, and video streaming, plus the increased worldwide availability of high-speed connectivity, have accelerated a trend toward server-side or “cloud” computing. With such trends now embraced by mainline enterprise workloads, the cloud computing market is projected to reach close to half a trillion dollars in the next few years [Col17]. 

In the last few decades, computing and storage have moved from PC-like clients to smaller, often mobile, devices, combined with large internet services. While early internet services were mostly informational, today, many web applications offer services that previously resided in the client, including email, photo and video storage, and office applications. Increasingly, traditional enterprise workloads are also shifting to cloud computing. This shift is driven not only by the need for user experience improvements, such as ease of management (no configuration or backups needed) and ubiquity of access, but also by the advantages it provides to vendors. Specifically, software as a service allows faster application development because it is simpler for software vendors to make changes and improvements. Instead of updating many millions of clients (with a myriad of peculiar hardware and software configurations), vendors need to only coordinate improvements and fixes inside their data centers and can restrict their hardware deployment to a few well-tested configurations. Similarly, server-side computing allows for faster introduction of new hardware innovations, such as accelerators that can be encapsulated under well-defined interfaces and APIs. Moreover, data center economics allow many application services to run at a low cost per user. For example, servers may be shared among thousands of active users (and many more inactive ones), resulting in better utilization. Similarly, the computation and storage itself may become cheaper in a shared service (for example, an email attachment received by multiple users can be stored once rather than many times, or a video can be converted to a client format once and streamed to multiple devices). Finally, servers and storage in a data center can be easier to manage than the desktop or laptop equivalent because they are under control of a single, knowledgeable entity. Security, in particular, is an important differentiator for the cloud.

Some workloads require so much computing capability that they are a more natural fit for a massive computing infrastructure than for client-side computing. Search services (web, images, and so on) are a prime example of this class of workloads, but applications such as language translation  


Wednesday, August 18, 2021

Cloud update: Yahoo research | 2009

 Data Serving in the Cloud 

Raghu Ramakrishnan Chief Scientist, Audience and Cloud Computing 

Brian Cooper, Adam Silberstein, Utkarsh Srivastava 

Yahoo! Research 

Joint work with the Sherpa team in Cloud Computing



Investment risk: Now I can accept loss since it is part of investment

Aug. 18, 2021

I like to write down my feelings and then learn from myself as an investor. 

My loss | 25% loss




Brian Cooper | PNUTS: Building and Running a Cloud Database System (Dec 11, 2009)

 Aug. 18, 2021

Here is the link. 

Brian Cooper, Research Scientist at Yahoo!, describes PNUTS, a system his team has built at Yahoo! for managing web-scale data. PNUTS is focused on serving systems (low-latency data management to support online web applications) and is complementary to (but different from) our cloud analytical system, Hadoop. Cooper describes the architecture of PNUTS, which has all the (now) standard cloud features of distribution, elastic scalability and failover. He also describes features unique to PNUTS among cloud systems, such as consistency models that go beyond eventual consistency and its worldwide geographic replication. PNUTS is both a research project and a production system, and Cooper describes some of the research we are doing on "next generation" features as well as lessons learned trying to put a research system into production.

Linkedin.com 

Brian Cooper

Principal Software Engineer

Company Name

Google

Dates EmployedJun 2010 – Present

Employment Duration11 yrs 3 mos

I work on Google Apps/Workspace (previously GSuite) infrastructure. Google Apps includes Gmail, Drive, Docs, and other things. I'm the Area Tech Lead for Storage for Apps. In this role I help define the technical strategy for the organization for storage technology, and related areas like reliability and capacity management. I also run a team and that builds and runs several pieces of shared Apps backend infrastructure.

Previously (2012-2017), I work in the storage infrastructure group on the Spanner project. I focused primarily on replication, concurrency control and transaction management, but I also worked on a variety of other aspects of the system. I also managed part of the team.

Before that (2010-2012), I worked on web search. I worked in the ranking group, improving the ranking of results for web queries. This involves analyzing large data sets to extract signals; prototyping ranking changes that use these signals; running experiments to evaluate changes; measuring and tuning the capacity impact of changes; and launching changes into production.

Breakfast and learn: Processing data at scale with Google Cloud Bigtable, Dataflow, and Dataproc (Google Cloud Next '17)