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SAP SE (SAP) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Hagens Berman Alerts Capricor Therapeutics, Inc. (NASDAQ: CAPR) Investors to FDA Review Extension for Deramiocel Amid Ongoing Securities Class Action and September 28 Lead Plaintiff Deadline PR Newswire

SAN FRANCISCO, Sept. 7, 2026

, /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP—a national plaintiffs' rights law firm with a premier securities practice group—notifies investors in Capricor Therapeutics, Inc. (NASDAQ: CAPR) of the upcoming September 28, 2026 lead plaintiff deadline in the ongoing securities class action. This alert follows the U.S. Food and Drug Administration's (FDA) recent decision to extend the review period for Capricor's Biologics License Application (BLA), underscoring the ongoing regulatory and disclosure scrutiny surrounding the company.

Hagens Berman encourages investors in Capricor Therapeutics, Inc. (NASDAQ: CAPR) who suffered substantial losses to submit your losses now.

FDA Extends BLA Review Following Post-AdCom Submissions

On Aug. 24, Capricor announced that the FDA has extended the Prescription Drug User Fee Act (PDUFA) target action date for Capricor's lead investigational cell therapy, deramiocel, for the treatment of Duchenne muscular dystrophy (DMD), moving the decision date from August 22, 2026, to November 22, 2026.

The agency classified Capricor's recent submission—which follows a turbulent July 2026 Advisory Committee meeting and includes 24-month open-label extension data from the Phase 3 HOPE-3 study alongside a request to pivot toward a refined indication focused solely on upper limb function—as a major amendment.

Securities Class Action Details & Overview

Class Period: Dec. 17, 2025 – July 26, 2026Lead Plaintiff Deadline: Sept. 28, 2026Visit: www.hbsslaw.com/caprContact the Firm Now: [email protected] / 844-916-0895Core Allegations and Background

Material Misleading Statements Regarding Clinical Trial Data and SAP Changes: The lawsuit alleges that Capricor and certain executives made materially false and misleading statements regarding the clinical trial data and regulatory pathway for its lead product candidate, Deramiocel, intended to treat Duchenne muscular dystrophy (DMD). Specifically, defendants allegedly failed to disclose that they adopted changes to the pre-specified statistical analysis plan (SAP) without agreement from the U.S. Food and Drug Administration (FDA) prior to resubmitting its Biologics License Application (BLA).The HOPE-3 Trial Breakthrough and Subsequent Capital Raise: On December 3, 2025 Capricor announced "Positive Topline Results from Pivotal Phase 3 HOPE-3 Study of Deramiocel in Duchenne Muscular Dystrophy." The company's CEO said "HOPE-3 delivered strong and definitive evidence that Deramiocel can meaningfully improve the course of Duchenne muscular dystrophy, demonstrating statistically significant improvements in both skeletal and cardiac function." Driven by these claims, Capricor's share price surged 370% to close up $23.60 on December 3, 2025. The following day, the company launched a public stock offering of approximately 6 million shares priced at $25 per share.FDA Briefing Document Reveals SAP Changes and Triggers 64% Stock Collapse: Capricor's public assurances unraveled on July 27, 2026, when the FDA published briefing documents ahead of an Advisory Committee meeting. The documents revealed that Capricor made unagreed-upon post-hoc modifications to its pre-specified Statistical Analysis Plan (SAP). The FDA stated that the HOPE-3 study "did not meet its pre-specified primary and secondary efficacy endpoints showing no statistically significant difference between deramiocel and placebo at 12 months." Capricor shares crashed roughly 64% in a single day to close at $7.00. An Advisory Committee subsequently voted 9–3 against the efficacy of the drug, compounding investor losses.Hagens Berman's Investigation

"We're focused on investors' losses and uncovering the full scope of how management characterized these trial endpoints and undisclosed modification," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation on the claims alleged in the pending suit.

What Affected CAPR Investors Should Do
If you purchased or acquired Capricor securities between December 17, 2025, and July 26, 2026, and suffered significant financial losses, you have until September 28, 2026, to ask the court to appoint you as lead plaintiff. You do not need to seek lead plaintiff status to share in any potential recovery.

To learn more about your legal options, submit your information to Hagens Berman, visit www.hbsslaw.com/capr, call Reed Kathrein at 844-916-0895, or email [email protected].

If you'd like more information and answers to frequently asked questions about the Capricor case and the firm's investigation, read more »

Whistleblowers: Persons with non-public information regarding Capricor should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hagens-berman-alerts-capricor-therapeutics-inc-nasdaq-capr-investors-to-fda-review-extension-for-deramiocel-amid-ongoing-securities-class-action-and-september-28-lead-plaintiff-deadline-302871451.html

SOURCE Hagens Berman Sobol Shapiro LLP

SAP has a message for software doomsayers: The pendulum will swing back By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Jan Gilg, SAP's global president of customer success and Americas. SAP A SAP executive says the "pendulum will swing back" from the SaaSpocalypse.

Like many software companies, the German software giant has seen its stock hit hard over the past year amid competition from AI tools. This stock sell-off of software-as-a-service (SaaS) companies, known as the SaaSpocalypse, has hit companies like Salesforce, SAP, and Workday as Anthropic and OpenAI have introduced tools that could threaten their businesses.

SAP's stock has been down about 20% over the past year, though it's been on an upward trend over the past month.

When SAP reported its earnings in late July, investors responded positively to the company's cloud-led growth and advances in its business AI. Jan Gilg, SAP's global president of customer success and Americas, told Business Insider that the sell-off was "a bit of an overreaction on the entire industry."

"As usual, I feel the pendulum will swing back," Gilg said. "There will be users. There will be losers and winners. I truly believe SAP will be on the side of the winners."

To get on the winning side, Gilg says SAP has been reinventing itself with AI, investing in its data capabilities, and changing its pricing models.

"Everybody has AI on the agenda right now," Gilg said.

SAP bounces back from the SaaSpocalypseSAP's stock has jumped roughly 40% since it reported earnings in late July.

There's a reason for that, Gilg says. SAP isn't easily replaceable through a vibe-coded tool, though Gilg does expect companies to leverage AI to build software much faster. Internally, SAP has also used AI to improve its output and build its own software, and it sees AI as an opportunity to improve its tools for customers.

"It's really multifaceted. On the one side, there was the idea that customers will vibe code their software themselves rather than buying packaged software. We don't see that frankly," Gilg said. "We don't see that, especially for mission-critical purposes. It's not just about features and functions. It's about auditability, governance, and the maintenance of the software."

While Gilg says he hasn't seen customers replacing SAP software, he has seen competition over tech budgets—especially with token spending, or how companies pay for AI. SAP has a "good position" for this because customers rely on SAP data to run their business processes and can demonstrate its value, Gilg said.

"Customers are seeing token costs go through the roof already," Gilg said. "How do you measure and control that, and how do you show an outcome for that? Budgets won't necessarily increase. It will still have to come from somewhere. Therefore, the scrutiny will become much, much bigger."

SAP is competing more with PalantirLately, Gilg has been focusing on explaining to customers how they can benefit from AI and what SAP can offer. Customers have spent a lot of money on AI, though many haven't seen the business outcomes, profit, or productivity gains they're looking for.

"Customers have not yet seen the benefit of AI," Gilg said. "That is certainly something they are digging deeper into now."

To address that, SAP built its first foundational model, Tabular AI, which can help make predictions based on business data. In the future, Gilg expects people to interact with SAP products through natural language and voice.

SAP has also been investing in its ontology capabilities to allow customers to audit their systems and work with AI agents to help make decisions. Ontology is a favorite Palantir buzzword, and these capabilities put SAP in more direct competition with the AI data company.

While SAP competes with Palantir, they also partner to move data between systems. SAP says its advantage over rivals is its data from over 10,000 customers, which allows it to build more useful capabilities.

"We do see new players out there from Anthropic, OpenAI, Palantir, and so on," Gilg said. "That's going to be the battlefield of the future."

Internally, SAP uses AI across departments such as finance, human resources, and more. For example, employees can use an internal chatbot to ask questions or AI tools to write code. Sales employees can use AI to help with customer briefings or to study markets.

"We are definitely pivoting the company all in on AI," Gilg said. "We're doing this in a position of strength. Frankly, it's an evolution for us as well."

SAP is overhauling how it charges for AIGilg says AI will help SAP grow as it changes its business model. For example, it's moving from some subscription models to consumption-based models, meaning customers pay for what they use. The market has been shifting toward this pricing model, especially as high AI usage can drive up costs.

"What outcome are they driving?" Gilg said. "That's how we charge the consumption of those agents, which is very transparent to customers. Also, it's much easier to justify why they would actually pay for it. That's the current model many are following."

SAP still has a large subscription business, and many large customers use a hybrid model between subscription and consumption-based pricing.

More SaaS acquisitions could be comingThis year, SAP acquired Prior Labs, Reltio, and Dremio to boost its AI and data capabilities. Across the industry, Gilg expects to see a wave of acquisitions, especially with more AI-native startups and talent coming out of these companies.

"There's going to be a camp of losers and winners," Gilg said. "We have seen valuations go down quite significantly. That's an opportunity and interest for companies like that to look at wide spaces."

Gilg says SAP will also consider this if it makes sense for its business, though it would avoid companies that can be easily replaced by AI. If it's costly and time-consuming to switch from that software, customers are less likely to replace it with an AI-built application, Gilg said.

"I do see that there will certainly be a level of consolidation from my perspective, especially with vendors focused on single products," Gilg said. "Maybe niche areas, like legal contract management. Those are spaces that probably will be disrupted quite significantly."

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Rosalie Chan You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

Rosalie Chan is a senior editor for Business Insider's tech team. Previously, she covered cloud computing and enterprise tech, reporting on companies like Google Cloud, Amazon Web Services, Microsoft, Intel, Alibaba Cloud, Atlassian, GitHub, VMware, Broadcom, and more. She has written extensively on topics including cloud computing, developer companies, open source, and sexism and sexual harassment in the tech industry. She has received the San Francisco Press Club award for continuing coverage for her reporting on sexism and sexual harassment in Silicon Slopes and the Excellence in Business / Consumer / Tech Reporting award from the Asian American Journalists Association for her investigation into the coding boot camp Holberton School. Most recently, she was an editor on the Business Insider investigative package, The True Cost of Data Centers, which received a George Polk Award and an honorable mention from SABEW.Rosalie joined Business Insider after working as a software engineer and freelance journalist. She studied journalism, computer science, and technology and business law at Northwestern University. Her work has previously appeared in TIME, the Huffington Post, VICE, Pacific Standard, Inverse, Chicago magazine, the Chicago Reporter, and more. She's based in San Francisco.

Software Tech

SummarySAP is downgraded from strong buy to hold after a 36% rally in two months.Cloud revenue surged 24% and backlog 27%, with AI and cloud initiatives driving major deals.SAP's cloud gross margin remains robust at 74.6%, supporting overall profitability and solid free cash flow.Valuation has risen to 25.5x forward P/E, limiting upside; I await a pullback or earnings acceleration before adding. Victor Golmer/iStock Editorial via Getty Images

I bought my first stake of shares in SAP SE (SAP) roughly 2 months ago. That's when I published an article about SAP. I rated it a strong buy and that's

5.53K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SAP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The information, opinions, and thoughts included in this article do not constitute an investment recommendation or any form of investment advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

1.9.2026 09:54, SAP, MRK, SY1

Index DAX klesá o 0,41 % na 26 150,04 b.

Německé akcie, měřené indexem DAX, v úvodu úterního obchodování ztrácejí.

Daří se akciím vědecko-technologické skupiny Merck KGaA (+2,1 %). Analytik Rajesh Kumar z HSBC navýšil investiční doporučení na „Buy“ z původního „Hold“. Cílovou cenu nastavil na 170 EUR.

Naopak po změně investičního doporučení ztrácejí akcie softwarové společnosti SAP (-2,5 %). Analytik Adrian Sanchez Ruiz z Grupo Santander totiž snížil doporučení na „Neutral“ z původního „Outperform“. Cílovou cenu nastavil na 194,69 EUR.

Společnost Mutares v rámci vyčlenění získala firmu Ameriterpenes, divizi terpenových složek německého výrobce vůní a příchutí Symrise (+1,6 %). Ten uvedl, že transakce povede k nehotovostní ztrátě z prodeje ve výši středních desítek milionů eur, což se promítne do účetní závěrky za rok 2026.

Index DAX -0,41 % na 26 150,04 b. Nejsilnější akcie Změna Nejslabší akcie Změna Merck (MRK) +2,1 % SAP (SAP) -2,5 % Infineon Technologies (IFX) +1,8 % Rheinmetall AG (RHM) -2,4 % Symrise (SY1) +1,6 % MTU Aero Engines (MTX) -2,1 % RWE (RWE) +1,4 % Scout24 SE (G24) -1,3 % Brenntag (BNR) +1,0 % BMW (BMW) -1,0 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

SAP stock slumped on Wednesday, making it the worst-performing large-cap European stock, after a UBS analyst criticized the German database giant's slow rollout of artificial-intelligence-based tools.

You are now leaving Barron's websiteBy clicking on the “Proceed” button below, you will be redirected to a third-party website owned and operated by Hong Kong Tiimoot Information Technology Co., Limited. (“HKT”), which is located in Hong Kong. That website operates independently from Barron's and Barron's does not control the website. The privacy practices of HKT are subject to its Privacy Statement, so please read it closely. We are not responsible for HKT's privacy or other data-related practices.

SAP (NYSE:SAP) faces a slower path to monetizing artificial intelligence, according to UBS, which downgraded the German software giant to Neutral from Buy on concerns that agentic AI is reaching customers too slowly.

The Swiss bank said SAP remains a dominant system of record with a deep moat around its core enterprise resource planning business, but the pace of "out-of-the-box" AI agent delivery is lagging. SAP has rolled out just 17 such agents to date, with another 15 in ramp-up, leaving its target of 200 by year-end looking difficult to reach, UBS analysts wrote.

The complexity of SAP's largest customers, many running multiple ERP instances across different versions and often on private cloud deployments with custom coding, complicates the company's ability to deliver standardized AI tools, according to the note. UBS said it is hearing positive signals on customers building their own agents through Joule Studio, but adoption remains gradual, making it hard to disprove bearish views on SAP's AI relevance in the near term.

UBS expects cloud backlog growth to decelerate in the second half of the year toward management's guided ~23% constant-currency pace, down from Q2's 26% (24.6% organic), a slowdown likely to pressure shares without clearer AI traction.

UBS also cited falling cloud gross, higher AI token costs pressuring R&D spending, a 100 million euro cut to 2026 EBIT guidance from acquisition dilution, and management's warnings about IT spending risks tied to the Gulf conflict.

UBS said it prefers Amadeus within the sector.

Shares of SAP were down 3.4% on Wednesday.

WILMINGTON, Del.--(BUSINESS WIRE)--Introduction Moving from SAP TM 9.5 or 9.6 to SAP S/4HANA TM is not a copy exercise. SAP gives you a migration tool, and the tool works. But the tool moves what you tell it to move. It does not tell you what should move. That decision is the project. This article covers what to confirm before you start, how to decide what to keep and what to leave behind, where these migrations usually go wrong, and what to test before you go live. Why SAP TM 9.5/9.6 Migration.

Hagens Berman Alerts Capricor Therapeutics, Inc. (NASDAQ: CAPR) Investors to FDA Review Extension for Deramiocel Amid Ongoing Securities Class Action and September 28 Lead Plaintiff Deadline PR Newswire

SAN FRANCISCO, Aug. 28, 2026

, /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP—a national plaintiffs' rights law firm with a premier securities practice group—notifies investors in Capricor Therapeutics, Inc. (NASDAQ: CAPR) of the upcoming September 28, 2026 lead plaintiff deadline in the ongoing securities class action. This alert follows the U.S. Food and Drug Administration's (FDA) recent decision to extend the review period for Capricor's Biologics License Application (BLA), underscoring the ongoing regulatory and disclosure scrutiny surrounding the company.

Hagens Berman encourages investors in Capricor Therapeutics, Inc. (NASDAQ: CAPR) who suffered substantial losses to submit your losses now.

FDA Extends BLA Review Following Post-AdCom Submissions

On Aug. 24, Capricor announced that the FDA has extended the Prescription Drug User Fee Act (PDUFA) target action date for Capricor's lead investigational cell therapy, deramiocel, for the treatment of Duchenne muscular dystrophy (DMD), moving the decision date from August 22, 2026, to November 22, 2026.

The agency classified Capricor's recent submission—which follows a turbulent July 2026 Advisory Committee meeting and includes 24-month open-label extension data from the Phase 3 HOPE-3 study alongside a request to pivot toward a refined indication focused solely on upper limb function—as a major amendment.

Securities Class Action Details & Overview

Class Period: Dec. 17, 2025 – July 26, 2026Lead Plaintiff Deadline: Sept. 28, 2026Visit: www.hbsslaw.com/caprCore Allegations and Background

Material Misleading Statements Regarding Clinical Trial Data and SAP Changes: The lawsuit alleges that Capricor and certain executives made materially false and misleading statements regarding the clinical trial data and regulatory pathway for its lead product candidate, Deramiocel, intended to treat Duchenne muscular dystrophy (DMD). Specifically, defendants allegedly failed to disclose that they adopted changes to the pre-specified statistical analysis plan (SAP) without agreement from the U.S. Food and Drug Administration (FDA) prior to resubmitting its Biologics License Application (BLA).The HOPE-3 Trial Breakthrough and Subsequent Capital Raise: On December 3, 2025 Capricor announced "Positive Topline Results from Pivotal Phase 3 HOPE-3 Study of Deramiocel in Duchenne Muscular Dystrophy." The company's CEO said "HOPE-3 delivered strong and definitive evidence that Deramiocel can meaningfully improve the course of Duchenne muscular dystrophy, demonstrating statistically significant improvements in both skeletal and cardiac function." Driven by these claims, Capricor's share price surged 370% to close up $23.60 on December 3, 2025. The following day, the company launched a public stock offering of approximately 6 million shares priced at $25 per share.FDA Briefing Document Reveals SAP Changes and Triggers 64% Stock Collapse: Capricor's public assurances unraveled on July 27, 2026, when the FDA published briefing documents ahead of an Advisory Committee meeting. The documents revealed that Capricor made unagreed-upon post-hoc modifications to its pre-specified Statistical Analysis Plan (SAP). The FDA stated that the HOPE-3 study "did not meet its pre-specified primary and secondary efficacy endpoints showing no statistically significant difference between deramiocel and placebo at 12 months." Capricor shares crashed roughly 64% in a single day to close at $7.00. An Advisory Committee subsequently voted 9–3 against the efficacy of the drug, compounding investor losses.Hagens Berman's Investigation

"We're focused on investors' losses and uncovering the full scope of how management characterized these trial endpoints and undisclosed modification," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation on the claims alleged in the pending suit.

What Affected CAPR Investors Should Do

If you purchased or acquired Capricor securities between December 17, 2025, and July 26, 2026, and suffered significant financial losses, you have until September 28, 2026, to ask the court to appoint you as lead plaintiff. You do not need to seek lead plaintiff status to share in any potential recovery.

To learn more about your legal options, submit your information to Hagens Berman, visit www.hbsslaw.com/capr.

If you'd like more information and answers to frequently asked questions about the Capricor case and the firm's investigation, read more »

Whistleblowers: Persons with non-public information regarding Capricor should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hagens-berman-alerts-capricor-therapeutics-inc-nasdaq-capr-investors-to-fda-review-extension-for-deramiocel-amid-ongoing-securities-class-action-and-september-28-lead-plaintiff-deadline-302862977.html

SOURCE Hagens Berman Sobol Shapiro LLP

Saputo Inc. (TSE:SAP – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$41.67 and traded as high as C$41.68. Saputo shares last traded at C$40.93, with a volume of 492,313 shares trading hands.

Analysts Set New Price Targets Several research analysts have recently commented on SAP shares. National Bank Financial lifted their target price on Saputo from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Ventum Capital upped their price target on Saputo from C$47.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Jefferies Financial Group cut Saputo from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. TD Securities raised shares of Saputo to a “strong-buy” rating in a report on Monday, June 22nd. Finally, TD boosted their target price on shares of Saputo from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Saputo currently has an average rating of “Moderate Buy” and an average price target of C$47.18.

Check Out Our Latest Analysis on Saputo

Saputo Stock Down 0.8% The company has a debt-to-equity ratio of 41.86, a current ratio of 1.51 and a quick ratio of 0.67. The stock’s fifty day simple moving average is C$41.24 and its 200-day simple moving average is C$41.67. The stock has a market cap of C$16.39 billion, a P/E ratio of 33.01, a PEG ratio of 0.56 and a beta of 0.15. Saputo (TSE:SAP – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.01 EPS for the quarter. The company had revenue of C$4.42 billion during the quarter. Saputo had a return on equity of 7.45% and a net margin of 2.80%. On average, research analysts anticipate that Saputo Inc. will post 1.7735369 earnings per share for the current year.

Saputo Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 25th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. Saputo’s payout ratio is currently 64.52%.

Insider Buying and Selling In other Saputo news, insider Leanne Cutts sold 10,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$41.73, for a total value of C$417,300.00. Following the sale, the insider directly owned 23,790 shares of the company’s stock, valued at C$992,756.70. This trade represents a 29.59% decrease in their ownership of the stock. Also, insider Martin Gagnon sold 26,806 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of C$41.78, for a total value of C$1,119,954.68. Following the completion of the sale, the insider owned 31,362 shares in the company, valued at C$1,310,304.36. The trade was a 46.08% decrease in their ownership of the stock. Over the last quarter, insiders have sold 155,766 shares of company stock worth $6,525,571. 40.45% of the stock is owned by company insiders.

Saputo Company Profile (Get Free Report)

Saputo, one of the top ten dairy processors in the world, produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Saputo is a leading cheese manufacturer and fluid milk and cream processor in Canada and a leading dairy processor in Australia. In the USA, Saputo ranks among the top three cheese producers and is one of the top producers of extended shelf-life and cultured dairy products.

Featured Articles Five stocks we like better than Saputo 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Receive News & Ratings for Saputo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saputo and related companies with MarketBeat.com's FREE daily email newsletter.

19.8.2026 18:01

Index DAX klesl o 0,14 % na 26 091,33 b.

Německé akcie, měřené indexem DAX, ve středu oslabily o 0,14 % na 26 091,33 b.

Dařilo se akciím koncernu Volkswagen (+2,5 %), biotechnologické společnosti QIAGEN (+2,1 %) a softwarové společnosti SAP (+1,9 %). Naopak oslabovaly akcie polovodičové společnosti Infineon Technologies (-4,0 %), zbrojaře Rheinmetall (-2,9 %) a zajišťovny Hannover Re (-2,2 %).

Evropské akcie, měřené indexem STOXX Europe 600, jsou téměř beze změny, sektorově jde ale o rozpadlou emulzi, přičemž se daří základním materiálům (+1,92 %), zdravotní péči (+1,17 %) a zbytné spotřebě (+0,87 %). Naopak oslabují sektory IT (-1,27 %), financí (-1,18 %) a utilit (-1,02 %).

Index DAX -0,14 % na 26 091,33 b. Nejsilnější akcie Změna Nejslabší akcie Změna Volkswagen (VOW3) +2,5 % Infineon Technologies (IFX) -4,0 % Qiagen (QIA) +2,1 % Rheinmetall AG (RHM) -2,9 % SAP (SAP) +1,9 % Hannover Rueck SE (HNR1) -2,2 % Symrise (SY1) +1,6 % MTU Aero Engines (MTX) -2,1 % BASF (BAS) +1,6 % HOCHTIEF AG (HOT) -1,9 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

18.8.2026 18:02

Index DAX oslabil o 0,8 % na 26 128,36 b.

Německé akcie, měřené indexem DAX, v úterý odepsaly 0,8 % na 26 128,36 b.

Dařilo se akciím agrochemické a farmaceutické společnosti Bayer (+1,8 %), telekomunikační společnosti Deutsche Telekom (+1,7 %) a softwarové společnosti SAP (+1,6 %). Naopak v souladu s vývojem na druhé straně Atlantiku ztrácely akcie spojené s rozmachem umělé inteligence. Nejvíce pod tlakem byly akcie polovodičové společnosti Infineon Technologies (-7,6 %) a energeticko-technologické společnosti Siemens Energy (-5,2 %). Ztrácely také akcie výrobce cementu Heidelberg Materials (-3,0 %).

Celoevropský index STOXX Europe 600 odepisuje 0,69 % na 651,9 b. Sektorově se vůbec nedaří informačním technologiím (-3,86 %), přičemž ztrácejí také sektory průmyslu (-1,84 %) a základních materiálů (-0,97 %). Naopak sektorově se daří energiím (+1,42 %), zdravotní péči (+1,34 %) a komunikačním službám (+0,65 %).

Index DAX -0,8 % na 26 128,36 b. Nejsilnější akcie Změna Nejslabší akcie Změna Bayer (BAYN) +1,8 % Infineon Technologies (IFX) -7,6 % Deutsche Telekom (DTE) +1,7 % Siemens Energy (ENR) -5,2 % SAP (SAP) +1,6 % HeidelbergCement (HEI) -3,0 % Adidas (ADS) +1,4 % Siemens (SIE) -2,3 % Munich Re (MUV2) +1,3 % Airbus (AIR) -2,1 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

14.8.2026 09:37, MTX, VNA, G24

Index DAX +0,62 % na 26462,63 b.

Německé akcie měřené indexem DAX otevírají poslední obchodní seanci týdne pozitivně.

Akcie Scout24 posilují o 2,9 % poté, co jim JPMorgan zvýšila cílovou cenu z 93 EUR na 101 EUR a ponechala doporučení „Overweight“.

U akcií MTU Aero Engines byla ze strany Jefferies zvýšena cílová cena z 445 EUR na 460 EUR při zachování doporučení „Buy“. Titul posiluje o 1,6 %.

Akcie Vonovie oslabují o 1,2 % poté, co ING Bank snížila doporučení z „Buy“ na „Hold“.

Index DAX +0,62 % na 26462,63 b.

Nejsilnější akcie
Změna
Nejslabší akcie
Změna

SAP (SAP)
+4,6 %
HOCHTIEF AG (HOT)
-1,4 %

Rheinmetall AG (RHM)
+3,1 %
Infineon Technologies (IFX)
-1,2 %

Scout24 SE (G24)
+2,9 %
Vonovia (VNA)
-1,2 %

Hannover Rueck SE (HNR1)
+1,7 %
Bayer (BAYN)
-1,0 %

MTU Aero Engines (MTX)
+1,6 %
E.ON (EOAN)
-0,8 %

Zdroj: Bloomberg

Marek Krejčiřík
Fio banka, a.s.
Prohlášení

7.8.2026 18:01, ALV, DTG

Index DAX +0,69 % na 26319,45 b.

Německé akcie uzavírají páteční obchodování růstem. Pozitivní seanci mají za sebou akcie společnosti SAP (+4,1 %)), Scout24 (+3,6 %) a Infineon Technologies (+2,9 %). Naopak největší pokles zaznamenaly po výsledcích akcie Daimler Truck Holding (-2,8 %). Společnost oznámila slabší objem objednávek, než analytici predikovali. Zklamal také opatrněji nastavený výhled na 3Q. Tržby dosáhly 12,29 mld. EUR při odhadu 12,35 mld. EUR a čistý zisk připadající akcionářům činil 1,46 mld. EUR, očekávalo se 612,5 mil. EUR. Společnost zároveň potvrdila celoroční výhled průmyslové divizi, kdy projektuje tržby v rozmezí 43 mld. EUR až 47 mld. EUR. Analytický konsensus byl na úrovni 45,79 mld. EUR.  Očistěný zisk EBIT je společností očekáván v rozmezí 3,6 mld. EUR až 4,1 mld. EUR (odhad 3,76 mld. EUR). Nedařilo se v uplynulé seanci také akciím e-commerce společnosti Zalando (-2,1 %), Allianz (-1,6 %). Analytik z Morgan Stanley poukázal na pomalejší růst výnosů v segmentu majetkového a úrazového pojištění. Celkové výnosy činily 45,6 mld. EUR. Provozní zisk dosáhl 4,87 mld. EUR při odhadu 4,58 mld. EUR, k čemuž majetkové a úrazové pojištění přispělo provozním ziskem 2,46 mld. EUR (odhad 2,45 mld. EUR) a životní a zdravotní pojištění částkou 1,54 mld. EUR (odhad 1,44 mld. EUR). Skupina zároveň potvrdila celoroční výhled provozního zisku v pásmu 16,4 mld. EUR až 18,4 mld. EUR (odhad 18,18 mld. EUR).

Evropský index STOXX600 uzavřel rovněž v kladných číslech, dopomáhaly mu především segmenty IT (+1,21 %), zdravotní péče (+1,12 %) a reality (+0,33 %). V červených číslech uzavřely pouze dva sektory, a to energie (-0,77 %) a materiály (-0,03 %).

Index DAX +0,69 % na 26319,45 b. Nejsilnější akcie Změna Nejslabší akcie Změna SAP (SAP) +4,1 % Daimler Truck Holding AG (DTG) -2,8 % Scout24 SE (G24) +3,6 % Zalando (ZAL) -2,1 % Infineon Technologies (IFX) +2,9 % Allianz (ALV) -1,6 % Siemens (SIE) +2,5 % Munich Re (MUV2) -1,4 % BMW (BMW) +2,0 % Rheinmetall AG (RHM) -1,1 % Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

3.8.2026 18:35, BEI, DTE

Index DAX přidal 1,45 % na 26 001,31 b.

Německé akcie, měřené indexem DAX, v úvodu týdne posílily o 1,45 % na 26 001,31 b. Celkem 21 společností z indexu DAX zveřejní tento týden své výsledky.

Dnes rostly akcie zdravotnicko-technologické společnosti Siemens Healthineers (+6,1 %), poskytovatele integrovaných telekomunikačních služeb Deutsche Telekom (+4,9 %) a softwarové společnosti SAP (+4,4 %). Server Semafor v pátek uvedl, že vedoucí pracovníci společnosti T-Mobile US údajně informovali Deutsche Telekom, svého většinového vlastníka, že již nepodporují navrhovanou fúzi obou společností v hodnotě 300 mld. USD. Podle téhož zdroje někteří menšinoví akcionáři T-Mobilu firmě sdělili, že by fúzi s Deutsche Telekom rovněž nepodpořili.

Výrobce kosmetiky a lepidel Beiersdorf (-1,9 %) zveřejnil předběžné výsledky za první pololetí. Podle analytiků jsou čísla horší, než se trh obával, k čemuž přispěl nepřesvědčivý vývoj značky Nivea. Společnost čelí nepříznivému prostředí na zpomalujícím globálním trhu péče o pleť. Značný negativní vliv má i krize na Blízkém východě, která dopadá na náladu spotřebitelů i na dodavatelské náklady. Předběžné tržby za 1H dosáhly 4,95 mld. EUR, nepatrně pod odhady 4,96 mld. EUR. Organické tržby meziročně klesly o 3,5 %, trh přitom čekal pokles jen o 2,93 %. Očištěná EBIT marže činila 15,4 % proti konsensu 15,5 %. Za celý rok firma očekává očištěnou EBIT marži nejméně 11 %, odhad trhu počítal s 13,4 %.

Před zítřejším zveřejněním výsledků oslabovaly akcie agrochemické a farmaceutické společnosti Bayer (-1,9 %). Nedařilo se ani logistické skupině Deutsche Post (-0,6 %), která dnes vystupuje pod názvem DHL Group.

Celoevropský index STOXX Europe 600 dnes přidal 0,45 % na 652,09 b. Sektorově se dařilo zbytné spotřebě (+1,78 %), komunikačním službám (+1,57 %) a průmyslu (+1,37 %). Ztrácely sektory zdravotní péče (-1,57 %), nezbytné spotřeby (-0,35 %) a energií (-0,15 %).

Index DAX +1,45 % na 26 001,31 b. Nejsilnější akcie Změna Nejslabší akcie Změna Siemens Healthineers (SHL) +6,1 % Bayer (BAYN) -1,9 % Deutsche Telekom (DTE) +4,9 % Beiersdorf AG (BEI) -1,9 % SAP (SAP) +4,4 % Deutsche Post AG (DHL) -0,6 % Adidas (ADS) +3,4 % Merck (MRK) -0,5 % Rheinmetall AG (RHM) +3,1 % Infineon Technologies (IFX) -0,3 % Zdroj: Bloomberg

Michal Bárta
Fio banka, a.s.
Prohlášení

30.7.2026 17:56

Index DAX +0,6 % na 25612,03 b.

Německé akcie uzavřely dnešní obchodní seanci pozitivně. Největší růst zaznamenaly akcie Infineon Technologies (+9,2 %), dále Siemens Energy (+8,1 %) a Siemens (+3,6 %). Naopak nejvíce oslabily akcie Adidas (-11,5 %), Zalando (-4,3 %) a SAP (-3,8 %).

Evropský index STOXX 600 se pohybuje v kladném teritoriu a posiluje o 0,67 %. V rámci sektorů se nejvíce daří informačním technologiím (+3,39 %), průmyslu (+1,91 %) a materiálům (+1,84 %). Naopak největší ztráty zaznamenává zdravotnictví (-2,53 %), komunikační služby (-1,57 %) a nezbytná spotřeba (-0,98 %).

Index DAX +0,6 % na 25612,03 b. Nejsilnější akcie Změna Nejslabší akcie Změna Infineon Technologies (IFX) +9,2 % Adidas (ADS) -11,5 % Siemens Energy (ENR) +8,1 % Zalando (ZAL) -4,3 % Siemens (SIE) +3,6 % SAP (SAP) -3,8 % Symrise (SY1) +3,1 % Airbus (AIR) -2,8 % HOCHTIEF AG (HOT) +3,0 % HeidelbergCement (HEI) -2,6 %
Zdroj: Bloomberg

Marek Krejčiřík
Fio banka, a.s.
Prohlášení

Key Takeaways SAP shares fell 29.6% year to date as lower 2026 profit guidance complicated the valuation reset.SAP's 22.9B euros cloud backlog rose 27%, supported by RISE and GROW cloud ERP migrations.Integration costs, estimate cuts and modest price-target upside argue for investor patience. SAP SE (SAP - Free Report) faces a harder investor debate after a steep share-price reset and a reduced profit outlook for 2026. The selloff has lowered the valuation, but weaker earnings momentum keeps the buy case from being straightforward.

The longer-term story still rests on cloud ERP migration, AI adoption and cash generation. The near-term question is whether those strengths can outweigh guidance pressure, integration costs and negative estimate revisions.

SAP Valuation Reflects a Sharp ResetSAP shares have fallen 29.6% year to date and 40.5% over the trailing 12 months. That decline has pulled expectations down sharply and shifted the debate from growth scarcity to whether the reset is deep enough.

The stock trades at 18.68 times forward earnings. That multiple needs to be judged against the software sub-industry, the broader technology sector and the S&P 500 benchmarks, since SAP still carries a premium tied to its cloud transition and enterprise software position.

SAP Backlog Supports Future RevenueSAP’s current cloud backlog stood at €22.9 billion, up 27% year over year. That backlog gives investors a clearer view into contracted future cloud revenues than traditional license-heavy software models typically provide.

Cloud ERP Suite adoption remains important to that visibility. RISE with SAP and GROW with SAP continue to support customer migration to cloud ERP, helping SAP convert legacy enterprise relationships into recurring cloud demand.

Oracle Corporation (ORCL - Free Report) remains a relevant comparison because its Fusion applications also target cloud ERP, finance, supply chain and human capital management customers. Oracle’s embedded AI push underscores how competitive the market for enterprise workflow automation has become.

SAP Profit Guidance Limits the UpsideThe main offset is the lowered 2026 non-IFRS operating profit guidance from €11.9–€12.3 billion to €11.8–€12.2 billion. That reduction narrows the room for positive earnings surprises at a time when investors are already questioning the speed of cloud-led margin expansion.

Image Source: Zacks Investment Research

Dremio and Prior Labs are expected to lower annual profit by more than €100 million because of integration costs and ongoing investment. The deals may deepen SAP’s data and AI capabilities, but the near-term effect is dilution rather than margin relief.

SAP Presents a Mixed Risk-Reward CaseSAP’s $184 price target compares with a reported share price of $171.01. The implied upside is modest, which limits the argument for chasing the stock even after the sharp pullback.

Free cash flow and buybacks still provide support. SAP reaffirmed its ability to fund innovation and shareholder returns, but declining legacy revenue and revenue acceleration that is now expected in 2027 leave the stock dependent on execution.

Microsoft Corporation (MSFT - Free Report) is another key enterprise software reference point because Dynamics 365, Power Platform and Copilot offerings compete for business application and workflow automation budgets. Its presence raises the bar for SAP’s AI monetization and customer retention.

SAP Scores Argue for Investor PatienceThe bottom line is that SAP’s lower valuation is not enough by itself to make the stock a clear buy. The cloud backlog, AI opportunity and cash flow profile support the long-term case, but the profit cut and modest price-target upside argue for selectivity.

SAP currently carries a Zacks Rank #4 (Sell). Recent downward revisions to earnings estimates reinforce a weak one-to-three-month outlook, which matters because the Zacks Rank is built around the earnings revision trend. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Style Scores add to that caution. SAP has a Value Score of D, Growth Score of C, Momentum Score of F and VGM Score of D. Those grades suggest the stock still lacks a favorable blend of valuation, growth quality and price momentum despite the substantial reset.

28.7.2026 17:54

Index DAX +0,4 % na 25463,36 b.

Německé akciové tituly uzavírají úterní seanci pozitivně. Největší růst zaznamenaly akcie SAP (+5,3 %), dále Volkswagen (+4,5 %) a Zalando (+4,5 %). Naopak nejvíce oslabily akcie Siemens Energy (-7,1 %), Infineon Technologies (-6,1 %) a RWE (-2,9 %).

Evropský index STOXX 600 se pohybuje v kladném teritoriu a posiluje o 0,42 %. V rámci sektorů se nejvíce daří nezbytné spotřebě (+3,10 %), komunikačním službám (+2,36 %) a zbytné spotřebě (+1,75 %). Naopak největší ztráty zaznamenává energetika (-1,37 %), informační technologie (-1,33 %) a utility (-1,29 %).

Index DAX +0,4 % na 25463,36 b. Nejsilnější akcie Změna Nejslabší akcie Změna SAP (SAP) +5,3 % Siemens Energy (ENR) -7,1 % Volkswagen (VOW3) +4,5 % Infineon Technologies (IFX) -6,1 % Zalando (ZAL) +4,5 % RWE (RWE) -2,9 % Scout24 SE (G24) +4,0 % Fresenius Medical Care (FME) -1,4 % Daimler Truck Holding AG (DTG) +3,8 % E.ON (EOAN) -0,6 %
Zdroj: Bloomberg

Marek Krejčiřík
Fio banka, a.s.
Prohlášení

SAP SE (NYSE:SAP) shares are trading higher Monday afternoon as investors looked past last week’s second-quarter earnings miss.

Meanwhile, Barclays kept its Overweight rating while trimming its price target from $255 to $242. Here’s what investors need to know.

SAP shares are powering higher. What’s behind SAP gains? What Is Driving SAP’s Cloud Momentum?SAP’s second-quarter print missed estimates, with EPS of $1.85 versus a $2.01 consensus and revenue of $11.48 billion versus $11.49 billion, but investors are leaning into cloud momentum and backlog growth.

The company reported a current cloud backlog of €22.9 billion ($26,053,559,000), up 27% (26% at constant currencies), alongside cloud revenue growth of 22% (24% at constant currencies).

SAP also pointed to Cloud ERP Suite revenue growth of 25% (27% at constant currencies) and updated its 2026 non-IFRS operating profit outlook to reflect dilution from the Dremio and Prior Labs acquisitions. CEO Christian Klein framed the quarter around an "Autonomous Enterprise" strategy, citing momentum in the Autonomous Suite and Business AI Platform.

SAP’s cloud narrative is getting extra oxygen from management’s AI product cadence, including plans to release nearly 50 AI assistants and more than 400 Autonomous Suite agents by year-end. That roadmap helps explain why traders are willing to look past a one-quarter EPS miss and lean into backlog-driven visibility.

Critical Price Levels To Watch For SAPMonday’s surge pushes SAP to $172.33, putting it about 8.6% above its 20-day SMA ($157.93) and about 3.5% above its 50-day SMA ($165.71), while it’s only about 0.3% above the 100-day SMA ($171.03). The bigger-picture issue is still overhead: the stock remains about 16.2% below the 200-day SMA ($204.80), so longer-term trend followers may still treat rallies as "repair work" until price can reclaim that zone.

Momentum is improving: MACD is above its signal line and the histogram is positive, which typically means downside pressure is easing versus the prior downswing. In plain English, MACD being above the signal line suggests buyers are gaining traction even if the longer-term trend hasn’t fully flipped.

Key Resistance: $196.50 — Nearby ceiling that also sits below the 200-day averages, where rebounds can stall before the long-term trend turns Key Support: $152.50 — Recent floor area not far above the $144.97 52-week low zone, where buyers previously showed up SAP Stock Price Movement on MondaySAP Stock Price Activity: SAP shares were up 6.92% at $171.07 at the time of publication on Monday, according to Benzinga Pro data.

Image: Shutterstock

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27.7.2026 17:59, SAP, HOT

Index DAX přidal 1,04 % na 25361,03 b.

Německé akcie, měřené indexem DAX, na začátku týdne vzrostly o více než 1 %. Nejvíce posílily akcie SAP (+7,9 %), Scout24 (+4,8 %) a Zalando (+4,1 %). Společnost SAP zahájila další část programu zpětného odkupu akcií v objemu až 2,6 mld. EUR. Odkup potrvá do 27. ledna 2027 a je součástí programu v celkové hodnotě až 10 mld. EUR, který má skončit na konci roku 2027. Naopak nejvíce oslabily akcie Infineon Technologies (-4,5 %), Hochtief (-3,0 %) a RWE (-2,6 %). Společnost Hochtief zveřejnila výsledky za druhý kvartál. Tržby společnosti meziročně vzrostly o 14 % na 10,74 mld. EUR a překonaly očekávání 10,6 mld. EUR. Provozní zisk před zdaněním dosáhl 400,5 mil. EUR při očekávání 385 mil. EUR a provozní čistý zisk činil 257,6 mil. EUR při analytickém odhadu 245,3 mil. EUR.

Celoevropský index STOXX Europe 600 aktuálně posiluje o 0,07 %. Z jednotlivých sektorů rostou komunikační služby (+2,28 %), cyklické spotřební zboží (+1,57 %) a zdravotní péče (+1,36 %). Naopak největší ztráty zaznamenávají informační technologie (-4,33 %), energie (-1,98 %) a utility (-1,05 %).

Index DAX +1,04 % na 25361,03 b. Nejsilnější akcie Změna Nejslabší akcie Změna SAP (SAP) +7,9 % Infineon Technologies (IFX) -4,5 % Scout24 SE (G24) +4,8 % HOCHTIEF AG (HOT) -3,0 % Zalando (ZAL) +4,1 % RWE (RWE) -2,6 % Adidas (ADS) +3,5 % E.ON (EOAN) -2,5 % Deutsche Telekom (DTE) +2,6 % Siemens Energy (ENR) -2,0 % Zdroj: Bloomberg 

Michal Šnobl
Fio banka, a.s.
Prohlášení

Posted by Defense World Staff on Jul 26th, 2026

Bank of New York Mellon Corp reduced its holdings in shares of SAP SE (NYSE:SAP – Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,788 shares of the software maker’s stock after selling 16,801 shares during the quarter. Bank of New York Mellon Corp’s holdings in SAP were worth $38,828,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SAP. Fisher Asset Management LLC lifted its stake in SAP by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 14,728,881 shares of the software maker’s stock worth $3,577,793,000 after purchasing an additional 179,550 shares during the last quarter. Bank of America Corp DE increased its stake in SAP by 58.1% in the second quarter. Bank of America Corp DE now owns 2,650,418 shares of the software maker’s stock valued at $805,992,000 after purchasing an additional 973,779 shares during the last quarter. Windacre Partnership LLC raised its holdings in SAP by 130.9% during the third quarter. Windacre Partnership LLC now owns 2,357,225 shares of the software maker’s stock worth $629,874,000 after purchasing an additional 1,336,325 shares in the last quarter. Northern Trust Corp lifted its position in shares of SAP by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,560,994 shares of the software maker’s stock worth $417,113,000 after buying an additional 49,111 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of SAP by 7.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,200,024 shares of the software maker’s stock worth $291,498,000 after buying an additional 83,349 shares during the last quarter.

SAP News Summary Here are the key news stories impacting SAP this week:

Positive Sentiment: SAP delivered solid Q2 results, with total revenue up about 9% year over year, cloud revenue up more than 20%, and current cloud backlog rising sharply, reinforcing confidence in the company’s long-term growth engine. SAP Quarterly Statement Q2 2026 Positive Sentiment: Management said SAP’s AI strategy and cloud momentum are supporting demand, with analysts and media reports noting that strong backlog growth helped offset concerns that AI could disrupt enterprise software. SAP Q2 Earnings Up Y/Y on Cloud Demand, Buyouts Impact Profit Outlook Positive Sentiment: BMO Capital Markets raised its price target on SAP and kept an outperform rating, suggesting Wall Street still sees upside after the earnings release. Benzinga / The Fly report Neutral Sentiment: Several reports highlighted SAP’s message that AI must move beyond basic chatbots and into more complex enterprise workflows before it creates meaningful returns, underscoring both opportunity and execution risk. Reuters SAP CFO AI comments Negative Sentiment: SAP lowered its 2026 operating profit outlook because AI acquisitions and related spending are weighing on earnings, which may cap near-term margin expansion even as revenue trends improve. SAP Cuts 2026 Operating Profit Outlook Negative Sentiment: Investors are also weighing the earnings miss versus expectations, as SAP’s quarterly EPS came in below consensus despite the strong cloud performance. SAP quarterly earnings report Analysts Set New Price Targets A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of SAP from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. BMO Capital Markets boosted their price target on shares of SAP from $175.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday. The Goldman Sachs Group restated a “buy” rating and issued a $265.00 price objective on shares of SAP in a research note on Wednesday, June 10th. Piper Sandler lowered SAP from an “overweight” rating to a “neutral” rating in a report on Tuesday, April 14th. Finally, HSBC upgraded SAP from a “hold” rating to a “buy” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

Get Our Latest Research Report on SAP

SAP Trading Up 9.3% Shares of SAP stock opened at $159.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $196.52 billion, a P/E ratio of 20.10, a PEG ratio of 1.84 and a beta of 1.14. SAP SE has a 1 year low of $144.97 and a 1 year high of $299.48. The company’s fifty day moving average is $165.59 and its two-hundred day moving average is $184.44.

SAP (NYSE:SAP – Get Free Report) last announced its earnings results on Friday, February 27th. The software maker reported $1.99 EPS for the quarter. SAP had a net margin of 20.88% and a return on equity of 17.16%. The business had revenue of $11.06 billion during the quarter. Analysts forecast that SAP SE will post 8.26 earnings per share for the current year.

SAP Company Profile (Free Report)

SAP SE is a global enterprise software company headquartered in Walldorf, Germany. Founded in 1972 by five former IBM engineers, the company’s name is an acronym for Systeme, Anwendungen und Produkte in der Datenverarbeitung (Systems, Applications & Products in Data Processing). SAP develops and sells software and services that help organizations manage business processes across finance, human resources, procurement, manufacturing, supply chain and customer relationships.

SAP’s product portfolio spans on‑premises and cloud offerings, anchored by its enterprise resource planning (ERP) solutions such as SAP S/4HANA and the SAP HANA in‑memory database and platform.

See Also Five stocks we like better than SAP Telecom Earnings Reveal a Sector That Finally Looks Healthier Defense Earnings Show Readiness Now and Modernization Ahead Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off MarketBeat Week in Review – 07/20- 07/24

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Key Takeaways SAP Q2 revenue jumped 9% as cloud revenue rose 22% and cloud backlog grew 27% year over year.SAP cut its 2026 operating profit outlook after acquisitions but reaffirmed cloud revenue targets.SAP expanded AI adoption and enterprise cloud wins across industries, supporting future growth visibility. SAP SE (SAP - Free Report) reported second-quarter 2026 non-IFRS earnings per share (EPS) of €1.59 ($1.85), which increased 6% from the year-ago quarter. The Zacks Consensus Estimate was pegged at $2.

Despite macroeconomic uncertainty, SAP reported total revenues on a non-IFRS basis of €9.9 billion ($11.5 billion), which increased 9% year over year (up 11% at constant currency or cc). The Zacks Consensus Estimate was pegged at $11.4 billion.

AI strategy is becoming a major competitive advantage for SAP. Management emphasized its Autonomous Enterprise strategy, which combines Business AI with enterprise applications. SAP is embedding AI directly into finance, procurement, supply chain, HR and customer operations. The company's strategy revolves around two major pillars –Autonomous Suite and Business AI Platform. SAP believes customers increasingly value AI solutions that operate using trusted enterprise data while maintaining governance and compliance.

This positioning gives SAP a competitive edge because its AI capabilities are built on decades of customer business processes and transactional data rather than disconnected AI models. As AI adoption expands across enterprises, SAP is well-positioned to monetize AI through higher cloud subscriptions rather than relying solely on standalone AI products.

Cloud Business Continues to Be SAP's Growth EngineCurrent cloud backlog reached €22.9 billion in the quarter, representing 27% year-over-year growth (26% at cc). This metric is important because it reflects contracted future cloud revenue, giving investors visibility into future growth.

On a non-IFRS basis, the Cloud and software segment (89.6% of total revenues) registered revenues of €8.9 billion, rising 11% year over year (up 13% at cc).

Cloud revenue increased 22% year over year (24% at cc) to €6.3 billion, on a non-IFRS basis, demonstrating that enterprise customers continue to migrate mission-critical workloads to SAP's cloud ecosystem. SAP's Cloud ERP Suite, where revenue increased 25% (27% at cc) to €5.5 billion, is equally encouraging. Software licenses and support revenues totaled €2.6 billion, representing a 9% decrease (down 8% at cc) year over year.

Services business (10.4% of total revenues) posted revenues of €1 billion, down 3% year over year (down 2% at cc).

Expanding Clientele Bodes WellIn the second quarter, organizations worldwide continued to adopt the “RISE with SAP” program to support their comprehensive business transformations. Notable adopters included ACCIONA, AIRBUS, City of Osnabrück, Electrolux, Eli Lilly, Gilead Sciences, HARTING, Hindustan Zinc, The Humboldt University of Berlin, JET, Ørsted, Samsonite Group, Shell, The Shoprite Group, SIGNAL IDUNA, SPAR (CH), Sun Pharma and Vonovia.

“GROW with SAP” was implemented by Gooroo Crédito, Modular Data Centers, Parloa, Tarrant County, and Techem.

Major global brands across various industries, including AMADEUS, BBC, Booking.com, GOL, Oki Electric Industry, PwC, University Hospital Zurich and Vale, chose SAP's AI and data solutions.

SAP secured significant customer wins across its solution portfolio, with new or expanded engagements from leading organizations such as Birlasoft, Capgemini, Haier Group and KaDeWe.

Döhler, FANUC Europe, Fonterra, Natura Cosméticos, SABESP and TEAG went live on SAP solutions during the quarter.

SAP’s cloud revenue growth was especially strong in the APJ and EMEA regions and robust in the Americas, with standout performances from Brazil, France, Germany, Italy, India, South Korea and Spain. It remained strong in the United States, Australia and Singapore.

Margin DetailsNon-IFRS gross profit of €7.3 billion increased 9% from the year-ago quarter (up 11% at cc).

Non-IFRS cloud gross profit increased 22% year over year to €4.7 billion (up 23% at cc). Non-IFRS cloud gross margin fell 0.6 percentage points to 74.6%.

SAP's non-IFRS operating profit rose 7% (up 9% at cc) to €2.7 billion, while margin decreased to 27.8%.

Balance Sheet & Cash FlowAs of June 30, 2026, SAP had cash and cash equivalents of €11.6 billion compared with €10.1 billion as of March 31, 2026.

In the second quarter, the company generated operating cash of €3.2 billion, up 22% year over year. Free cash flow, a key metric of operational strength, rose 27% to €3 billion during the quarter.

SAP also continues returning capital to shareholders. Its newly authorized €10 billion share repurchase program remains active. As of June 30, the company had repurchased more than 16.28 million shares and spent approximately €2.6 billion.

SAP’s 2026 Guidance Reaffirmed Despite Lower Profit OutlookThe company lowered its non-IFRS operating profit outlook from €11.9–€12.3 billion to €11.8–€12.2 billion. The revision stems almost entirely from the acquisitions of Dremio and Prior Labs, which closed in July. Management expects these acquisitions to create a dilutive impact exceeding €100 million during 2026.

Despite lowering operating profit guidance slightly, SAP maintained nearly all of its major financial targets. Management still expects cloud revenue between €25.8 billion and €26.2 billion, cloud and software revenue between €36.3 billion and €36.8 billion and approximately €10 billion in free cash flow.

Additionally, SAP expects cloud backlog growth to remain strong, though slightly slower, total revenue growth to match 2025 levels, revenue acceleration in 2027 and operating expense growth to remain below revenue growth.

Nonetheless, the company acknowledged that its outlook assumes a near-term de-escalation of geopolitical tensions in the Middle East. Any prolonged conflict could negatively impact enterprise spending or business operations.

SAP’s Zacks RankSAP currently carries a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent PerformancesAmerica Movil, S.A.B. de C.V. (AMX - Free Report) reported net income per ADR of 47 cents for the second quarter of 2026, up from 38 cents in the prior-year quarter. The earnings figure missed the Zacks Consensus Estimate of 52 cents. Total quarterly revenues rose 3.1% to Mex$241,071 million, driven by rapid momentum across the Service and Equipment segments.

BlackBerry Limited (BB - Free Report) reported first-quarter fiscal 2027 non-GAAP earnings per share (EPS) of 4 cents. The figure beat the company’s estimate of 2-3 cents. In the year-ago quarter, it reported a non-GAAP EPS of 2 cents. The Zacks Consensus Estimate was pegged at 3 cents per share. BlackBerry generated $152.9 million in fiscal first-quarter revenue, representing 26% year-over-year growth.

Iridium Communications (IRDM - Free Report) reported EPS of 9 cents for the second quarter of 2026, missing the Zacks Consensus Estimate of 26 cents. The bottom line also compared unfavorably with the prior-year quarter's figure of 20 cents. Iridium reported second-quarter revenue of $225.2 million, representing 4% year-over-year growth. The consensus mark was pinned at $221.2 million.

SAP reported strong Q2 results, highlighted by a robust GAAP EPS beat and sustained >20% cloud revenue growth. I see the Q2 earnings season as a catalyst for capital rotation toward laggards, notably in software and consumer sectors. SAP remains in a deep bear market, with shares down approximately 40% year-to-date despite operational strength and expectations of revenue acceleration in 2027.

Shares climbed after the group logged strong revenue figures, reassuring investors that growth at its cloud business remains healthy despite fears of AI disruption.