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2026-08-06 17:00 1mo ago
2026-08-06 10:00 1mo ago
Procore spustila Asset Register pro digitální předání stavebních aktiv
PCOR Procore Technologies
FMP Stock News 72
Original source text
Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of construction management software, today announced the general availability of Asset Register, a new tool within Procore Asset Management that helps contractors replace weeks of project handoff work with a continuous digital handover process. By building complete asset records throughout construction, contractors deliver higher-quality handovers while owners receive trusted information to commission buildings and help begin operations sooner. These trusted asset records create the connected data foundation for Procore AI agents to understand project context and allow teams to make faster, more informed decisions.

Every year, the construction industry loses billions of dollars because critical asset information is not captured until project closeout. Contractors spend weeks manually assembling asset documentation instead of focusing on higher-value work, while owners inherit fragmented asset records that delay commissioning, increase operational risk, and postpone revenue-generating operations.

"Construction teams generate thousands of decisions and data points about every critical asset over the life of a project, but too often that information lives in disconnected systems until the very end," said Geoff Lewis, SVP of Product at Procore. "By connecting every asset to the work, documentation, inspections, and quality records behind it, we’re helping owners get facilities online and generating revenue sooner, while replacing traditional binder dumps with a streamlined, digital handover for contractors.”

Instead of waiting until project closeout, Asset Register continuously captures and connects inspections, warranties, manuals, RFIs, as-built drawings, and other project information to every installed asset as work progresses. This reduces manual closeout work for contractors while providing owners with verified asset records from day one that help accelerate commissioning and simplify long-term operations. The result is a complete digital record that moves seamlessly from construction into operations—creating trusted asset data that lays the foundation for increasingly valuable Procore AI experiences across the construction lifecycle.

Built into the Procore platform teams already use to manage construction, Asset Register captures, organizes, and validates asset information as work happens—eliminating the need to recreate documentation during project closeout while creating a connected data foundation for Procore AI.

Key Asset Register capabilities include:

Organize installed assets in a centralized, searchable registerUpdate asset information directly from the field using mobile devices and scannable QR codesMaintain a complete audit trail from installation through handoverExport structured asset information for owner maintenance systems, reducing manual data entryView assets in 3D using Building Information Modeling (BIM) (available now in UK and Ireland with general availability planned for fall 2026)“Historically, procurement and inventory management have been a lot of work for our team, so we’ve been really excited about Procore Asset Management,” said Kira Henderson, Director of Operations Support at Altus Power Inc. “It gives our technical teams visibility from design through project handoff, bringing all our asset data into one place instead of separate systems. Because we manage projects in Procore throughout the development lifecycle, everyone—from our finance team to our CEO—can quickly access the information they need, reducing timelines, stress, and friction between teams.”

Supporting Digital Asset Management Across EMEA and APAC

As a core pillar of Procore’s Europe Common Data Environment (CDE), Asset Register helps organizations maintain a continuous, auditable record of fixed assets throughout construction. This improves project visibility and supports regulatory compliance, documentation, and operational readiness.

In EMEA, these capabilities also support the Building Safety Act’s “Golden Thread” requirements by connecting BIM models with field documentation, inspections, and supporting records to create a complete, verifiable digital asset record.

Market Availability

Asset Register is generally available today across North America, EMEA, and APAC.

To learn more, visit https://www.procore.com/en-gb/fc/asset-management.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. Built for the industry, Procore’s unified technology platform drives efficiency and mitigates risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries. For more information, visit www.procore.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260806876078/en/
2026-08-01 01:16 1mo ago
2026-07-31 19:05 1mo ago
Procore překonal odhady a oznámil koupi DroneDeploy
PCOR Procore Technologies
FMP Stock News 92
Original source text
Reversal in play for Procore TechnologiesProcore Technologies NYSE: PCOR reported second-quarter results that exceeded its guidance, driven by broad-based demand, large contract wins and growth in international markets, while the construction software company also outlined an expanded artificial intelligence strategy centered on its planned acquisition of DroneDeploy.

Revenue for the second quarter totaled $375 million, up 15.8% from a year earlier, according to CFO Rachel Pyles. The company exceeded the high end of its revenue guidance by approximately 2.5%. International revenue rose 23% year over year, or 19% on a constant-currency basis.

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Procore generated non-GAAP operating income of $81 million, producing a 21.5% non-GAAP operating margin, an improvement of 800 basis points from the prior-year period. Free cash flow reached $65 million, up 507% year over year. Pyles said the quarter also marked Procore’s first period of GAAP operating profitability.

Guidance Raised and Margin Targets Set The company raised its full-year outlook for its organic business. Procore now expects 2026 revenue of $1.51 billion to $1.514 billion, representing 14.5% year-over-year growth at the high end of the range. It forecasts full-year non-GAAP operating margin of 18.5% to 19%, 50 basis points above its previous outlook, and free-cash-flow margin of 19.5%.

For the third quarter, Procore forecast revenue of $382 million to $384 million, representing 13.3% year-over-year growth at the high end, and a non-GAAP operating margin of 19% to 19.5%.

Pyles also introduced a fiscal 2027 non-GAAP operating-margin target of 25%, which she said would represent nearly 1,100 basis points of improvement from fiscal 2025. She emphasized that the target reflects confidence in the company’s cost structure rather than a revenue forecast, which Procore plans to provide in its normal planning cycle.

“This quarter’s performance is an initial step in a broader trajectory of profitable growth,” Pyles said.

DroneDeploy Deal Expands AI Strategy Procore announced an agreement to acquire DroneDeploy for $845 million in cash. DroneDeploy provides reality-capture and robotic-automation technology, including tools using drones, ground robots, mobile devices and cameras to collect and analyze visual data from job sites.

DroneDeploy has generated approximately $78 million in trailing 12-month revenue, Pyles said. Procore expects the acquisition to be accretive to organic revenue growth and said it expects to absorb the near-term margin impact without changing its fiscal 2026 or fiscal 2027 margin outlook. The transaction is expected to close later in 2026.

The company has arranged committed bridge financing for most of the purchase price while it evaluates its longer-term capital structure, Pyles said. Procore’s financial outlook does not include any expected contribution from DroneDeploy.

President and CEO Ajei Gopal said the acquisition is intended to add “perception” capabilities to Procore’s AI strategy, allowing construction workflows to incorporate visual information captured by cameras, drones and robots. He described the company’s longer-term goal as developing digital coworkers that can collect information, reason over it and initiate actions within Procore’s collaborative platform.

DroneDeploy has captured 20 trillion square feet of visual construction data, Gopal said, including user annotations, construction-progress labels and more than 100,000 labeled safety issues. The company operates on more than 3 million job sites in over 180 countries, according to Procore.

Procore and DroneDeploy already share nearly 600 customers, including Skanska and Turner. Gopal said Procore sees a near-term cross-selling opportunity among its thousands of existing customers that do not currently use DroneDeploy.

AI Products Move Into Broader Sales Effort The DroneDeploy deal follows Procore’s January acquisition of Datagrid. After that acquisition, Procore integrated Datagrid’s technology and launched Procore AI through a limited specialist sales effort before expanding availability to the broader go-to-market organization.

Procore said it now offers 20 pre-built AI agents designed for construction workflows. The company cited early adopters including Haskell, Level 10 Construction and Consigli. At Consigli, Procore said AI tools used for tasks such as reviewing submittals, drafting requests for information and searching drawings reduced certain workflows substantially during tests; the contractor is now deploying Procore AI across 50 projects.

Gopal said Procore’s starter packages are intended to offer customers a lower-friction way to adopt AI tools in a limited number of projects and workflows before expanding use.

“The product has just gone GA, now it’s available to the broader sales force to position with their customers,” Gopal said, referring to general availability.

Data Centers and International Expansion Support Growth Procore said it continues to outperform an uneven construction market. Gopal noted weakness in some sectors, including manufacturing, while data-center construction has remained especially strong amid investment tied to artificial intelligence.

The company said nine of the 10 largest North American data-center sites use Procore during construction. In the second quarter, Procore closed its largest contract in Europe, the Middle East and Africa: a nearly $7 million agreement with a European builder of hyperscale AI data centers operating across Europe, the United States and Asia-Pacific.

Procore also signed a contract with the King Salman International Airport project in Saudi Arabia, which will use the platform for unified digital construction management with strategic delivery partner TASAMA.

International business accounts for about 15% of Procore’s operations, while roughly 85% is domestic, Gopal said. The company is pursuing targeted expansion by pairing localized products, including its recently launched common data environment for Europe, with an expanded international go-to-market approach.

About Procore Technologies (NYSE:PCOR)Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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2026-07-30 01:12 1mo ago
2026-07-29 19:26 1mo ago
Procore překonala odhady zisku na akcii i výnosů ve 2. čtvrtletí
PCOR Procore Technologies
FMP Stock News 78
Original source text
Procore Technologies (PCOR - Free Report) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +14.63%. A quarter ago, it was expected that this construction management software would post earnings of $0.36 per share when it actually produced earnings of $0.34, delivering a surprise of -5.56%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Procore Technologies, which belongs to the Zacks Internet - Software industry, posted revenues of $375.21 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.65%. This compares to year-ago revenues of $323.92 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Procore Technologies shares have lost about 32.9% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Procore Technologies?While Procore Technologies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Procore Technologies was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.43 on $382.85 million in revenues for the coming quarter and $1.64 on $1.5 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Twilio (TWLO - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This company is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +10.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Twilio's revenues are expected to be $1.42 billion, up 15.8% from the year-ago quarter.