Track market-moving stories before they get noisy

Key Takeaways Iridium launched the 9604 Hybrid IoT Module with satellite, LTE-M and GNSS connectivity.Iridium says the module cuts board space needs by 60% versus multi-component designs.Iridium expanded its IoT portfolio to support uses from low-power sensors to industrial apps. The IoT market is entering a new growth phase as demand for reliable connectivity in remote areas increases. Recognizing this opportunity, Iridium Communications Inc. (IRDM - Free Report) has commercially launched its new Iridium 9604 Hybrid IoT Module and accompanying Development Kit. The solution combines Iridium Short Burst Data (SBD) satellite connectivity, LTE-M cellular communications and GNSS positioning into a compact platform, allowing IoT devices to transition between terrestrial and satellite networks seamlessly.

A key component of the 9604 is its compact design. At just 16 mm × 26 mm × 2.4 mm, the module reportedly reduces board space requirements by 60% or more compared to traditional multi-component architectures. This smaller footprint offers lower manufacturing costs, reduced complexity, simplified RF routing, easier power management and faster hardware validation. For IoT device manufacturers, these efficiencies can translate into cost savings while shortening development cycles. Iridium built the 9604 on the proven u-blox SARA-R5 platform, combining established cellular capabilities with its global satellite network.

The company has been known primarily for satellite-only communications. With this release, Iridium is embracing hybrid connectivity, recognizing that future IoT deployments will increasingly combine multiple communication technologies. The broader ecosystem now includes traditional Iridium SBD modules, the new Iridium 9604 hybrid module, Iridium NTN DirectSM direct-to-device capabilities and the higher-bandwidth Iridium Certus 9704 platform. This diversified portfolio positions Iridium to serve a wider range of IoT use cases, from low-power sensors to bandwidth-intensive industrial applications.

If Iridium executes effectively and continues expanding its ecosystem, the 9604 Hybrid IoT Module could strengthen its competitive edge and position it to capture a larger share of the rapidly growing global IoT market.

How Competitive is the Evolving Satellite Market for IRDM?Globalstar, Inc. (GSAT - Free Report) satellite connectivity platform is poised to support asset tracking, remote monitoring and autonomous operations in areas with limited infrastructure. It continues to benefit from expanding opportunities in government, defense and large-scale IoT deployments, supported by demand for small size, weight, power and cost (SWaP-C) technologies. Its upcoming C-3 constellation of more than 50 satellites is expected to boost network capacity, reliability and support growing direct-to-device, IoT and enterprise connectivity demand. First-quarter service revenue rose 17%, driven by higher wholesale capacity services, growing Commercial IoT subscriptions and increased government-related revenue, while equipment sales increased 13% due to stronger demand for Commercial IoT and SPOT devices.

AST SpaceMobile (ASTS - Free Report) has deployed an initial set of commercial satellites in low Earth orbit, branded BlueBird and continues to expand its launch campaign. These satellites support non-continuous service and have been used to validate voice and data capabilities directly to unmodified smartphones. Management expects BlueBird 8, BlueBird 9 and BlueBird 10 to be launched in mid-June on a Falcon 9 vehicle and stated that BlueBird 11 through BlueBird 33 are in advanced stages of production and assembly. The company continues to target roughly 45 satellites in orbit by the end of 2026 with launches expected every one to two months. 

IRDM Price Performance, Valuation and EstimatesShares of IRDM have gained 52.7% in a year compared with the Zacks Satellite and Communication industry’s growth of 217.5%.

Image Source: Zacks Investment Research

From a valuation standpoint, IRDM trades at a forward 12-month price-to-sales (P/S) of 5.14X, above the industry’s 3.06X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for IRDM earnings for 2026 has been revised downward over the past 60 days.

Image Source: Zacks Investment Research

Iridium currently carries a Zacks Rank #3 (Hold).

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

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Organizations transform security operations with Falcon Next-Gen SIEM, establishing the Falcon platform as the operating system of the agentic SOC

AUSTIN, Texas--(BUSINESS WIRE)--CrowdStrike (NASDAQ: CRWD) today announced it has been named a Leader in the IDC MarketScape: Worldwide SIEM 2026 Vendor Assessment.1 We believe this recognition reflects how CrowdStrike Falcon® Next-Gen SIEM is transforming security operations at global scale, as organizations replace legacy SIEMs to build the agentic SOC on the CrowdStrike Falcon® platform.

Legacy SIEMs were built for a threat environment that no longer exists. As AI-enabled adversaries attack across domains at machine speed, legacy architecture forces security teams to stitch together telemetry from disconnected sources, increasing complexity and imposing a tradeoff between cost and security. IDC found "73 percent of organizations ingest less than 75 percent of the data needed to fully monitor their environments." That gap creates the blind spots where attackers operate. Falcon Next-Gen SIEM closes this gap through a structural advantage no legacy vendor can match.

The IDC MarketScape noted, “For SIEM buyers, the breadth of native telemetry sources and the consolidation pitch are central: Many of the data feeds traditionally routed into a SIEM, including endpoint, identity, and cloud signals, originate inside the Falcon platform itself.”

“Legacy SIEMs were built to record what happened; Falcon Next-Gen SIEM is built to stop the adversary,” said Ajit Sancheti, GM, Falcon Next-Gen SIEM at CrowdStrike. “Our structural advantage starts with the data that defines modern detection already living on the Falcon platform, and Charlotte AI is now the reasoning engine across Falcon, triaging alerts, correlating cross-domain telemetry, and automating investigation at machine speed.”

Falcon Next-Gen SIEM Is the Operating System of the Agentic SOC

Falcon Next-Gen SIEM has proven itself a scaled market disruptor, with performance and cost advantages that set it apart from legacy SIEMs, exceeding $600 million in ending ARR.2 Organizations are replacing legacy SIEMs and consolidating fragmented tooling on a single platform, benefiting from better economics, faster search, and autonomous response through Charlotte AI's triage that eliminates swivel-chair alert management.

The IDC MarketScape for CrowdStrike notes:

Endpoint, identity, cloud, and exposure data already collected by the Falcon platform flow into Falcon Next-Gen SIEM without re-ingest fees and without external stitching. Customers report that this design eliminates duplicate ingest costs and shortens onboarding for organizations that already run the Falcon sensor. In September 2025, CrowdStrike acquired Onum, a real-time data pipeline vendor, and integrated it as the data routing layer for Falcon Next-Gen SIEM. Charlotte AI provides a set of generally available agents for detection triage, response, hunting, malware analysis, exposure prioritization, data onboarding, search analysis, correlation rule generation, data transformation, and workflow generation, plus AI-generated parsers and natural-language investigation. Falcon Flex licensing lets organizations shift committed spend across Falcon modules over time, and customers describe the ingestion-based pricing model as transparent compared with credit-based alternatives. To learn more about why CrowdStrike has been named a Leader in the IDC MarketScape: Worldwide SIEM 2026 Vendor Assessment, visit here.

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About CrowdStrike

CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity, and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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Start a free trial today: https://www.crowdstrike.com/trial

© 2026 CrowdStrike, Inc. All rights reserved. CrowdStrike and CrowdStrike Falcon are marks owned by CrowdStrike, Inc. and are registered in the United States and other countries. CrowdStrike owns other trademarks and service marks and may use the brands of third parties to identify their products and services.

More News From CrowdStrike

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CHIBA, JAPAN - 2026/06/12: Falcon producer Crowdstrike branding above their exhibition booth at Interop26. (Photo by Stanislav Kogiku/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

This article was written by Doug Nathman, with research by his team at Trefis.

The cybersecurity firm CrowdStrike (CRWD) has approved its inaugural stock split at a ratio of 4-for-1, planned for execution post-market closure on July 1. A share priced near $680 will reduce to approximately $170 subsequent to the split. This action comes in light of a prolonged operational recovery following the global IT disruption in July 2024. CrowdStrike’s shares hit a low of $217.89 on August 2, 2024, amid intense regulatory evaluation. Over the span of the next 22 months, the stock surged by more than 210%. This recovery indicated a genuine retention on the platform. CrowdStrike improved its subscription gross margins to 81%, expanded its cloud security offerings, and achieved an annualized recurring revenue of $5.51 billion. Therefore, the pivotal question for investors remains: will the split propel CrowdStrike’s stock upwards?

Implications Of The SplitStock splits do not fundamentally change a company’s prospects; they frequently initiate an increase in stock prices following the announcement. While CrowdStrike underwent a brief market consolidation after its fiscal first-quarter announcement due to broader technology sector adjustments, historical trends support the action. Reduced nominal prices typically draw in wider retail participation, enhancing trading volumes and demand. Such moves also imply that management anticipates continued share price growth. In a comparable situation, cybersecurity counterpart Palo Alto Networks (PANW) observed notable momentum in its share price post-split. Overall, research from Bank of America last year indicated that stocks that undergo splits tend to yield returns between 20% and 25% over the subsequent 12 months, surpassing the average market return of 12% for the same timeframe.

Reasons Why CrowdStrike’s Growth May Remain RobustUltimately, whether the split results in further gains will rely more on CrowdStrike's capacity to maintain this operational progress than on the split. CrowdStrike reported a 26% revenue increase in the first quarter, with new annual recurring revenue climbing to $256 million. In contrast, SentinelOne (S), a direct competitor in the segment, is forecasting full-year revenue growth in the low twenties percentage range.

Analysts predict that CrowdStrike will sustain 23% revenue growth for fiscal 2027, aiming for total sales near $5.95 billion. The stock currently trades at about 29x forward sales based on FY 2027 projections, which consensus models deem justifiable when compared to its historical average of 35x.

This cash flow is supported by a single-agent architecture that provides CrowdStrike advantages that traditional point-solution vendors find difficult to replicate. The proprietary Falcon platform processes and interprets trillions of endpoint events daily, establishing a data gravity moat that continuously enhances its inherent threat detection models. The company has also successfully transitioned its clientele to the Falcon Flex subscription model, enabling enterprise accounts to interchange security modules without procurement challenges, leading to sustained growth among renewing customers.

MORE FOR YOU

These advantages may be challenging to duplicate. Building a unified cloud security, identity protection, and next-generation log management infrastructure requires years of investment in engineering. Following significant industry consolidations, competing legacy platforms, including VMware Carbon Black, have faced drastic channel overhauls, steering enterprise customers toward consolidated industry leaders.

Steering through a high-growth yet unpredictable stock like CrowdStrike necessitates a balance between bold investments and a comprehensive strategy grounded in reliable cash-generating operations. A prudent portfolio aids in maintaining investment by minimizing the effects of market volatility. Although consistently outperforming the market is a challenge, the Trefis High Quality (HQ) Portfolio is crafted to render this an achievable objective. The HQ strategy has persistently surpassed its market benchmark since its inception, offering cumulative returns exceeding 105 percent.

SLINGERLANDS, N.Y., June 24, 2026 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the hydrogen economy, today announced the completion of a critical execution phase at the Måde Power-to-X (PtX) facility in Esbjerg, Denmark, developed and operated by European Energy. Power-to-X infrastructure uses renewable electricity to produce hydrogen and other low-carbon fuels, helping decarbonize industrial and energy applications. This milestone includes the successful installation, commissioning, site acceptance testing (SAT), and handover of a 5 MW GenEco PEM electrolyzer system, bringing one of Denmark’s earliest operational PtX sites online and into active hydrogen production.

The project underscores Plug’s ability to deploy complex hydrogen systems with both speed and precision, delivering full operational readiness. The fully containerized design reduced on-site complexity and accelerated time to production. The Måde facility represents a prime example of PtX infrastructure operating at scale, supporting Europe’s broader transition to low-carbon energy systems and helping meet growing demand for renewable hydrogen. At full capacity, the facility is expected to produce approximately 550 metric tons of green hydrogen annually, equivalent to roughly 1,500 truckloads, with output certified as Renewable Fuel of Non-Biological Origin (RFNBO) under the ISCC certification scheme.

“As Plug enters its next phase of disciplined growth and operational maturity, we're seeing a shift from one-off deployments to repeatable execution,” said José Luis Crespo, CEO of Plug. “Each project builds on prior experience, allowing us to standardize delivery, reduce timelines, and improve performance with every Plug system we bring online.”

With more than 70 GenEco electrolyzer systems operating across six continents, Plug is leveraging its expanding global install base to refine system design, streamline commissioning, and optimize performance, creating a more reliable and scalable platform. This accumulated operating experience is enabling more consistent execution across projects and reinforcing Plug’s ability to deliver proven hydrogen solutions at scale.

“The Måde facility is an important step in bringing Power-to-X projects from concept into operation,” said Rene Alcaraz Frederiksen, EVP and Head of Power-to-X at European Energy. “Working with Plug, we’ve been able to move efficiently through installation and commissioning to begin producing certified renewable hydrogen. Projects like this demonstrate how PtX can be implemented in practice and support the continued development of Europe’s hydrogen market.”

As Europe accelerates hydrogen adoption through supportive regulatory frameworks and efforts to meet industrial decarbonization targets, projects like Måde reflect the broader transition from early-stage deployments to commercially viable, operational hydrogen infrastructure. Plug continues to expand its presence across the region, supporting customers with integrated solutions spanning hydrogen production, infrastructure, and delivery.

About Plug Power
Plug designs, builds, and operates a fully integrated hydrogen ecosystem spanning production, storage, delivery, and power generation, enabling the global hydrogen economy. A first mover in the industry, Plug delivers electrolyzers, fuel cells, and hydrogen production plants to customers across material handling, industrial applications, and energy markets, advancing energy resilience and industrial decarbonization.

Plug’s GenEco electrolyzers span five continents, while more than 74,000 GenDrive fuel cell systems operate worldwide across 280+ hydrogen-powered material handling sites. Plug also operates its own hydrogen generation network to ensure a reliable, domestically produced supply, with production facilities currently operational in Georgia, Tennessee, and Louisiana, representing a combined capacity of approximately 40 tons per day.

With employees and state-of-the-art manufacturing facilities around the world, Plug serves global leaders including Walmart, Amazon, Home Depot, BMW, and BP.
For more information, visit www.plugpower.com.

Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, without limitation, statements regarding Plug’s expectations regarding future opportunities deploying electrolyzers; Plug’s ability to deploy complex hydrogen systems, standardize delivery, reduce timelines for commissioning and testing, and improve performance of its deployed systems; Plug’s ability to meet market needs with reliable and scalable execution; the extension of Plug's hydrogen ecosystem into emerging high-specification markets; and the advancement of energy resilience and growth of Europe’s hydrogen and Power to X market. These forward-looking statements are based on management’s current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements are based on current expectations and are subject to risks, uncertainties, and assumptions, including but not limited to: The implementation and growth of executable Power to X projects in Europe and globally; competition in the electrolyzer supply market; technological challenges; regulatory and policy changes; market acceptance of hydrogen solutions; Plug’s ability to achieve profitability and manage liquidity; supply chain disruptions; and general economic and market conditions. Additional risks are described in Plug’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Plug undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.

MEDIA CONTACT
Teal Hoyos
[email protected]

On June 24, 2026, we delve into the DCF analysis for Canadian National Railway Co CNI , a company that has shown a year-to-date price increase of 17.6% and a one-year performance of 15.2%. Despite these positive trends, the current price of $114.90 raises questions about its valuation. Here are some key points:

DCF Earnings-based intrinsic value of $66.99 vs price of $114.90 (margin of safety: -58.4%) DCF FCF-based intrinsic value of $60.97 vs price of $114.90 (second opinion: -88.5% margin of safety) GF Score™ of 91/100 indicates high reliability of the DCF inputs What Is CNI Worth? DCF Earnings-Based Model The DCF earnings-based model employs a two-stage approach to estimate the intrinsic value of CNI. In the first stage, we project earnings per share (EPS) growth over the next ten years, followed by a terminal growth phase. The assumptions for this model are as follows:

Parameter Value Current EPS (TTM, excl. non-recurring) $5.51 10-Year Growth Rate 5.8% 10-Year Treasury Rate 4.49% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), the EPS is expected to grow at a rate of 5.8% per year, discounted at a rate of 11%. The terminal phase (Years 11-20) assumes a slower growth rate of 4%, also discounted at 11%. The calculation summary is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 5.8%, discounted at 11% $42.73 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $24.26 Intrinsic Value Growth + Terminal $66.99 With the current price at $114.90 and the intrinsic value calculated at $66.99, CNI appears modestly overvalued, reflecting a margin of safety of -58.4%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research indicates that stock prices correlate more closely with earnings than with free cash flow. For further analysis, visit the CNI DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for CNI is calculated at $60.97. When comparing this with the earnings-based intrinsic value of $66.99, we find that both models indicate that CNI is modestly overvalued, with a significant margin of safety of -88.5% for the FCF approach. This reinforces the notion that the stock is currently trading above its intrinsic value based on both valuation methods.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for CNI stands at $114.56, providing a third perspective on its valuation. GF Value™ is GuruFocus' proprietary measure, calculated from historical trading multiples, past business growth, and future performance estimates. All three models—DCF earnings, DCF FCF, and GF Value™—suggest that CNI is overvalued at its current price. For more details, visit the GF Value™ page.

What Does CNI's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been shown to generate higher long-term returns based on backtesting from 2006 to 2021. Here’s how CNI ranks:

Metric Rating GF Score™ 91/100 Financial Strength 4/10 Profitability 9/10 Growth 9/10 Valuation 9/10 Momentum 8/10 With a predictability rank of 2/5 stars, it suggests that the DCF model may be less reliable for this stock. For more insights, visit the CNI stock page.

Key Assumptions and Limitations It is crucial to understand that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as CNI, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future economic conditions.

What This Means for Investors In summary, all three valuation models—DCF earnings, DCF FCF, and GF Value™—indicate that CNI is currently overvalued. This suggests that investors should exercise caution when considering an investment in CNI at its present price level. For the full DCF analysis, visit the CNI DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is CNI's intrinsic value based on DCF?

[Answer: earnings-based $72.55, FCF-based $60.97]

Is CNI overvalued or undervalued?

[Answer using DCF + GF Value™ consensus]

How reliable is the DCF model for CNI?

[Answer using predictability rank 2/5]

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

New AI assessment helps multi-location brands understand and improve how they are represented in AI-generated search results

SAN RAMON, Calif.--(BUSINESS WIRE)--Reputation, the global leader in reputation intelligence, today announced the launch of its Generative Engine Optimization (GEO) Readiness Audit, a new assessment tool that helps multi-location brands understand and improve how they appear in AI-generated search results. Designed for marketing, customer experience (CX) and digital teams, the assessment provides a clear view of how AI engines interpret, describe and recommend brands, along with prioritized actions to improve visibility and discoverability.

As consumers increasingly turn to AI engines such as ChatGPT, Gemini and Perplexity to discover and evaluate businesses, brands face a new challenge: understanding how they are represented in AI-generated answers. Unlike traditional search engines that present a list of links, AI engines synthesize information and generate a single response. Brands that are not structured for AI search may be misrepresented, overlooked or omitted entirely. The GEO Readiness Audit helps organizations identify visibility gaps and prioritize actions to improve discoverability across AI search experiences.

“AI-powered search has completely rewritten the playbook for digital discovery, making traditional search optimization tactics insufficient on their own,” said Joe Burton, CEO of Reputation. “Being visible on Google no longer guarantees visibility on generative AI engines. If your digital footprint isn't optimized for how large language models extract information, your business is effectively invisible to consumers. The GEO Readiness Audit gives organizations a clear baseline for how AI engines interpret their digital presence and a roadmap for improving visibility, discoverability and trust.”

The GEO Readiness Audit builds on Reputation's existing AI visibility capabilities, giving organizations a more complete view of how AI engines represent brands, locations and digital content:

AI Reputation Manager (ARM): Shows how AI engines describe a brand, category or competitor, including the sources cited and the narratives being surfaced, and how they evolve over time. AI Location Profiles (ALP): Provides location-level visibility into listing accuracy, AI mention rates and sentiment, helping organizations identify where individual locations may be underperforming in AI search. GEO Readiness Audit: Evaluates the foundational signals that influence AI search visibility, including technical discoverability, content structure and trust factors across public digital properties. Location Pages 2.0: Reputation's location page solution for multi-location brands, automatically generating and managing dedicated web pages for each business location. The enhanced solution helps organizations strengthen the content, structured data and local business signals AI engines rely on to understand and recommend businesses across every location. Built Specifically for AI Search
Unlike traditional SEO audits focused on keywords, backlinks and domain authority, the GEO Readiness Audit evaluates the signals AI engines use to interpret, trust and recommend brands.

The assessment measures two key dimensions:

Brand Profile: Evaluates how accurately AI engines interpret and describe a brand, helping organizations understand whether AI-generated responses reflect their intended positioning. AI Search Readiness: Assesses whether AI engines can effectively discover, access and trust brand and location content, including factors related to discoverability, answer readiness and trust signals. The assessment delivers prioritized recommendations to help organizations address visibility gaps and improve how they are discovered, interpreted and recommended by AI engines.

For organizations looking to act on those recommendations, Reputation's enhanced Location Pages 2.0 provides a scalable way to strengthen the content, structured data and local business signals AI engines use to evaluate and recommend businesses. Together, the GEO Readiness Audit and Location Pages 2.0 provide a path from diagnosis to action, helping organizations identify AI visibility gaps and address them at scale across hundreds or thousands of locations.

Reputation will showcase the GEO Readiness Audit, Location Pages 2.0 and additional AI capabilities during its upcoming "Reputation Without Boundaries" webinar on June 25.

To learn more about the GEO Readiness Audit, register for the webinar, or run a free assessment of your brand's AI search visibility, visit reputation.com.

About Reputation
Reputation is the performance engine that helps brands win in an AI-driven world where trust determines visibility and buying decisions happen before customers reach a website. Our platform unifies signals from reviews, listings, and other feedback into a foundational data layer for AI discovery, and transforms those signals into reputation intelligence that helps organizations identify and resolve operational issues in real time. From the local storefront to the enterprise, Reputation ensures brands are trusted, found, and positioned to drive revenue. Visit reputation.com to learn more.

On June 24, 2026, we present a DCF analysis for Sherwin-Williams Co SHW , a company that has experienced a mixed price performance recently, with a year-to-date change of +0.1% and a one-year decline of -5.2%. Below are key highlights from our analysis:

DCF Earnings-based intrinsic value of $218.38 compared to current price of $322.90 (margin of safety: -47.9%) DCF FCF-based intrinsic value of $167.65 compared to current price (second opinion: -92.6% margin of safety) GF Score™ of 87/100 indicates a strong reliability of the DCF inputs What Is SHW Worth? DCF Earnings-Based Model To determine the intrinsic value of Sherwin-Williams Co SHW , we employed a two-stage DCF model. The first stage accounts for a growth phase over the next ten years, while the second stage considers a terminal phase extending an additional ten years.

Parameter Value Current EPS (TTM, excl. non-recurring) $11.55 10-Year Growth Rate 12.5% 10-Year Treasury Rate 4.49% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), we project that EPS will grow at a rate of 12.5% per year, which is then discounted at a rate of 11%. The calculated value for this growth stage is $124.44 per share. Following this, in the terminal phase (Years 11-20), we assume a slower growth rate of 4%, also discounted at 11%, yielding a terminal stage value of $93.94 per share.

Stage Description Value Growth Stage (Years 1-10) EPS growing at 12.5%, discounted at 11% $124.44 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $93.94 Intrinsic Value Growth + Terminal $218.38 With the current price at $322.90, the intrinsic value of $218.38 indicates that the stock is modestly overvalued, reflecting a margin of safety of -47.9%. It is important to note that GuruFocus uses EPS without non-recurring items, as research shows that stock prices correlate more closely with earnings than with free cash flow. For further calculations, you can visit the SHW DCF Calculator.

What Does the Free Cash Flow DCF Say? In addition to the earnings-based model, we also evaluated Sherwin-Williams using a free cash flow (FCF) DCF model. The intrinsic value derived from this approach is $167.65 per share. When comparing this FCF-based value to the earnings-based value of $218.38, we find that both models indicate the stock is modestly overvalued, with a margin of safety of -92.6% for the FCF model.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Sherwin-Williams is $354.78, providing a third perspective on valuation. GF Value™ is GuruFocus' proprietary measure calculated from historical trading multiples, past business growth, and future performance estimates. While the DCF models suggest the stock is overvalued, the GF Value™ indicates it is undervalued, leading to a divergence in valuation perspectives. For more details, visit the GF Value™ page.

What Does SHW's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested from 2006 to 2021).

Metric Rating GF Score™ 87/100 Financial Strength 5/10 Profitability 9/10 Growth 8/10 Valuation 10/10 Momentum 5/10 The predictability rank for Sherwin-Williams is 2/5 stars, indicating that the DCF model may be less reliable for this stock. For more information, visit the SHW stock page.

Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Additionally, stocks with low predictability ratings tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect actual future growth.

What This Means for Investors In summary, the three valuation models—DCF earnings, DCF FCF, and GF Value™—present a mixed picture for Sherwin-Williams. The DCF models indicate that the stock is overvalued, while the GF Value™ suggests it is undervalued. Overall, the consensus leans towards the stock being overvalued. For the full DCF analysis, visit the SHW DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is SHW's intrinsic value based on DCF?

[Answer: earnings-based $218.38, FCF-based $167.65]

Is SHW overvalued or undervalued?

[Answer using DCF + GF Value™ consensus]

How reliable is the DCF model for SHW?

[Answer using predictability rank 2/5]

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

The Trade Desk (TTD - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.

Shares of this digital-advertising platform operator have returned -19.2% over the past month versus the Zacks S&P 500 composite's -1.3% change. The Zacks Internet - Services industry, to which The Trade Desk belongs, has lost 8.8% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, The Trade Desk is expected to post earnings of $0.40 per share, indicating a change of -2.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $1.87 points to a change of +5.7% from the prior year. Over the last 30 days, this estimate has remained unchanged.

For the next fiscal year, the consensus earnings estimate of $2.13 indicates a change of +13.8% from what The Trade Desk is expected to report a year ago. Over the past month, the estimate has remained unchanged.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, The Trade Desk is rated Zacks Rank #3 (Hold).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For The Trade Desk, the consensus sales estimate for the current quarter of $751.76 million indicates a year-over-year change of +8.3%. For the current and next fiscal years, $3.18 billion and $3.5 billion estimates indicate +9.8% and +10% changes, respectively.

Last Reported Results and Surprise HistoryThe Trade Desk reported revenues of $688.86 million in the last reported quarter, representing a year-over-year change of +11.8%. EPS of $0.28 for the same period compares with $0.33 a year ago.

Compared to the Zacks Consensus Estimate of $679.26 million, the reported revenues represent a surprise of +1.41%. The EPS surprise was -12.5%.

Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates each time over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

The Trade Desk is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about The Trade Desk. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

SUNNYVALE, Calif., June 24, 2026 (GLOBE NEWSWIRE) -- Fortinet® (Nasdaq: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the appointment of Derek Kan to its board of directors, contributing his deep expertise in scaling technology businesses, deploying AI, and governing large-scale, capital-intensive operations across the public and private sectors.

June 24, 2026 06:55 ET  | Source: Devon Energy Corporation

HOUSTON, June 24, 2026 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) (“Devon”) today announced the final results of its previously announced offers to Eligible Holders (as defined herein) to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Coterra Energy Inc., a direct, wholly owned subsidiary of Devon (“Coterra”), as set forth in the table below (the “Existing Coterra Notes”) for (1) new notes issued by Devon (the “New Devon Notes”) and (2) cash.

The following table sets forth the aggregate principal amount of each series of Existing Coterra Notes that were validly tendered (and not validly withdrawn) at or before 5:00 p.m., New York City time, on June 23, 2026 (the “Expiration Date”) and the aggregate principal amount of New Devon Notes to be issued in exchange therefor:

    Notes Tendered at or Before
Expiration Date
 Aggregate
Principal
Amount of
New Devon
 Notes
Title of Series Aggregate Principal
Amount Outstanding Principal Amount Percentage 3.90% Senior Notes due 2027 $687,217,000 $585,855,000 85.25% $627,099,000
3.90% Senior Notes due 2027(1) $62,718,000 $41,244,000 65.76% 4.375% Senior Notes due 2029 $433,171,000 $385,960,000 89.10% $447,554,000
4.375% Senior Notes due 2029(1) $66,812,000 $61,594,000 92.19% 5.60% Senior Notes due 2034 $500,000,000 $465,815,000 93.16% $465,815,0005.40% Senior Notes due 2035 $750,000,000 $671,688,000 89.56% $671,688,0005.90% Senior Notes due 2055 $750,000,000 $734,180,000 97.89% $734,180,000       (1)   Represents senior notes issued by Coterra Energy Operating Co., an indirect wholly owned subsidiary of Devon previously known as Cimarex Energy Co. (the “Existing Coterra OpCo Notes”).

The Exchange Offers and related previously completed consent solicitations (each, a “Consent Solicitation” and collectively, the “Consent Solicitations”) were made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated as of May 22, 2026 (as amended by the press release issued on June 8, 2026, the “Offering Memorandum and Consent Solicitation Statement”). The settlement of the Exchange Offers is expected to take place on or about June 25, 2026. Devon previously announced that the previous deadline for Eligible Holders to tender their Existing Coterra Notes and be eligible to receive, for each $1,000 principal amount of Existing Coterra Notes, the applicable Total Exchange Consideration (as defined in the Offering Memorandum and Consent Solicitation Statement) was extended to the Expiration Date. As a result, the consideration to be paid for Existing Coterra Notes validly tendered (i) at or before 5:00 p.m., New York City time, on June 5, 2026 and (ii) following such time, but at or before the Expiration Date, will be the same.

The New Devon Notes will be issued pursuant to the indenture, dated as of August 28, 2024, by and between Devon and U.S. Bank Trust Company, National Association, as trustee (the “Devon Base Indenture”), as supplemented in relation to the New Devon Notes by a supplemental indenture to be entered on or about the settlement date. The New Devon Notes will be general unsecured obligations of Devon and will rank equally with all of Devon’s other unsecured and unsubordinated debt obligations from time to time outstanding. The foregoing summaries of the Devon Indenture and the New Devon Notes do not purport to be complete and each is qualified in its entirety by reference to the applicable full text of the Devon Base Indenture and the supplemental indenture to be entered into.

The Exchange Offers and Consent Solicitations were made only to holders of Existing Coterra Notes who completed and returned an eligibility letter confirming that they were persons (a) in the United States reasonably believed to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or (b) outside the United States who were not “U.S. persons” as defined in Rule 902 under the Securities Act and who were eligible to participate in the Exchange Offer pursuant to the laws of the applicable jurisdiction, as set forth in the eligibility letter (“Eligible Holders”).

Eligible Holders of Existing Coterra Notes who were located in or a resident of Canada were also required to complete and return a Canadian supplemental eligibility letter to D.F. King & Co., Inc. (the “Information Agent” and the “Exchange Agent”) establishing their eligibility to participate in the Exchange Offers and providing supplemental information required for Canadian securities regulatory reporting purposes. Each holder of Existing Coterra Notes was, by participating in any Exchange Offer, deemed to represent and warrant that it was not located in or a resident of any province or territory of Canada, and that it was not tendering any Existing Coterra Notes on behalf of a beneficial owner that was located in or a resident of Canada, unless either: (i) such holder completed and returned a Canadian supplemental eligibility letter to the Information Agent, or (ii) such holder was an account manager outside Canada acting on behalf of a Canadian beneficial owner on a fully discretionary basis, and no acts in furtherance of the exchange of such beneficial owner’s Existing Coterra Notes took place in Canada.

The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Offering Memorandum and Consent Solicitation Statement, a copy of which may be obtained by Eligible Holders by contacting D.F. King & Co., Inc., the Exchange Agent and Information Agent in connection with the Exchange Offers and Consent Solicitations, by sending an email to [email protected] or by calling (877) 478-5045 (U.S. toll-free) or (212) 434-0035 (banks and brokers). The eligibility letter is available electronically at: www.dfking.com/dvn.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. This press release should not be construed as an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any Devon securities or other securities by Coterra. No offer, solicitation, purchase or sale was made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offers and Consent Solicitations were made to Eligible Holders solely pursuant to the Offering Memorandum and Consent Solicitation Statement and only to such persons and in such jurisdictions as permitted under applicable law.

The New Devon Notes have not been registered with the Securities and Exchange Commission (the “SEC”) under the Securities Act or any state or foreign securities laws. Therefore, the New Devon Notes may not be offered or sold in the United States or to any U.S. person absent registration, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. In connection with the Exchange Offers, Devon expects to enter into a registration rights agreement, pursuant to which Devon will be obligated to use commercially reasonable efforts to file with the SEC and cause to become effective a registration statement with respect to an offer to exchange each series of New Devon Notes for new notes within 450 days of the settlement date. In addition, Devon has agreed to use commercially reasonable efforts to file a shelf registration statement to cover resales of the New Devon Notes under the Securities Act in certain circumstances.

ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio with assets in the Anadarko Basin, Eagle Ford, Marcellus Shale, Powder River Basin, Williston Basin, anchored by a world-class position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate resilient free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

Investor Contacts
[email protected]
405-228-4450

Media Contact
Michelle Hindmarch, 405-552-7460

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” within the meaning of federal securities laws. Such statements include those concerning statements about the timing of the Exchange Offers and Consent Solicitations, including the expected settlement date. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Consequently, actual future results could differ materially and adversely from our expectations due to a number of factors, including, but not limited to: risks relating to the terms and timing of the Exchange Offers and the Consent Solicitations, the number of Existing Coterra Notes tendered and not validly withdrawn, conditions in financial markets, investor response to the Exchange Offers and the Consent Solicitations, and any other risks and uncertainties discussed in the Offering Memorandum and Consent Solicitation Statement. The forward-looking statements included in this press release speak only as of the date of this press release, represent management’s current reasonable expectations as of the date of this press release and are subject to the risks and uncertainties identified above. We cannot guarantee the accuracy of our forward-looking statements, and readers are urged to carefully review and consider the various disclosures made in the Offering Memorandum and Consent Solicitation Statement. All subsequent written and oral forward-looking statements attributable to Devon, Coterra or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements above. We do not undertake, and expressly disclaim, any duty to update or revise our forward-looking statements based on new information, future events or otherwise.

-

All amounts in Canadian dollars unless specified otherwise.

This news release constitutes a “designated news release” for the purposes of Cameco’s prospectus supplement dated November 12, 2024, to its short form base shelf prospectus dated November 12, 2024.

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Cameco Corporation (TSX: CCO; NYSE: CCJ) welcomes today’s announcement by the US Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) regarding its conditional commitment for the American Nuclear Supply Chain Loans to reenergize the large-scale nuclear reactor supply chain, drive down costs and accelerate the deployment of AP1000 reactors in the US and globally. The DOE’s conditional commitment for a loan package of up to US$17.5 billion is expected to provide the majority of the financing for Westinghouse Electric Company (Westinghouse) to purchase the long-lead time items for up to 10 AP1000 nuclear reactors in the United States.

“We are pleased to see the US government make this additional commitment to expanding nuclear power capacity using the proven AP1000 reactor technology,” said Tim Gitzel, CEO of Cameco. “When combined with the May 23, 2025 Executive Orders and other US government initiatives, we believe the right incentives are being created to advance the rapid deployment of AP1000 reactors in the US. The expansion of nuclear power in the United States is expected to create significant opportunities for Westinghouse and Cameco, accelerating growth in Westinghouse’s energy systems segment during the procurement and subsequent construction phase.”

While this conditional commitment indicates the DOE’s intent to provide a loan to finance these projects, Westinghouse, its owners, and its partners must satisfy certain technical, legal, environmental, and financial conditions before DOE enters into definitive financing documents and funds the loan.

Background

Brookfield Renewable Partners (Brookfield) and Cameco acquired Westinghouse in November 2023. The partnership brought together Cameco’s expertise in the nuclear fuel supply chain with Brookfield’s recognized position as one of the world’s largest investors in energy generation technologies.

We expect the DOE loan arrangement to be implemented through a special purpose vehicle of Westinghouse (SPV) that will administer the loan funding for up to five project funding vehicles jointly owned by Westinghouse and the applicable partner for the procurement of the long-lead items at a fixed price for two reactors per project. Both the SPV and the approved partner are required to fully commit their project equity totaling approximately $500 million each or $1 billion per project upfront prior to accessing DOE loan funds. As approved partners reach final investment decisions for the applicable projects, the DOE loan is expected to be repaid from the proceeds of the sale of the long-lead items.

The loan package arrangements contemplated by the conditional commitment are subject to, among other risks, the factors discussed below under “Caution about Forward Looking Information” and remain subject to Westinghouse, its owners, and its partners satisfying certain technical, legal, environmental, and financial conditions with DOE, negotiation and completion of definitive agreements, any required approvals, and other customary conditions. There can be no assurance that definitive agreements will be entered into or that the proposed loan package will be completed on the terms currently contemplated, or at all.

We are separately advancing discussions on the strategic partnership entered into among Brookfield, Cameco and the US Department of Commerce in October 2025.

Caution about Forward-Looking Information

This news release includes statements and information about Cameco’s expectations for the future, which we refer to as forward-looking information. Forward-looking information is information that is not a historical fact. Words such as “guidance,” “expect,” “will,” “may,” “anticipate,” “plan,” “estimate,” “project,” “intend,” “should,” “can,” “likely,” “could,” “outlook” and similar expressions are intended to identify forward-looking information. Forward-looking information is based on Cameco’s current views, which can change significantly, and actual results and events may be significantly different from what we currently expect. Examples of forward-looking information in this news release include: the entering into the loan package of up to US$17.5 billion, the expected initiation of orders for long-lead items, the commitment of project equity, the expected repayment of the DOE loan from the proceeds of the sale of long-lead items, and the negotiation and execution of definitive agreements, satisfaction of closing conditions and any required approvals.

Material risks that could lead to different results include: the risk that definitive agreements are not entered into, that required approvals are not obtained, that conditions to completion including required technical, legal, environmental and financial conditions are not satisfied, that the proposed financing terms change materially, or that the proposed transaction is not completed.

In presenting the forward-looking information, Cameco has made material assumptions which may prove incorrect about the ability of the parties to negotiate and execute definitive agreements, obtain any required approvals, satisfy closing conditions, and complete the proposed transaction on acceptable terms or at all.

Please also review the discussion in Cameco’s 2025 annual MD&A, 2026 first quarter MD&A and most recent annual information form for other material risks that could cause actual results to differ significantly from Cameco’s current expectations, and other material assumptions we have made. We will not necessarily update this information unless we are required to by securities laws.

Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power. Our shares trade on the Toronto and New York stock exchanges. Our head office is in Saskatoon, Saskatchewan, Canada.

As used in this news release, the terms we, us, our, the Company and Cameco mean Cameco Corporation and its subsidiaries unless otherwise indicated.

More News From Cameco Corporation

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Item 1 of 4 Reuters U.S. Power Correspondent Laila Kearney speaks with Consolidated Edison CEO Tim Cawley during Reuters Global Energy Forum in New York City, U.S., June 23, 2026 Julian Guidera/Handout via REUTERS

[1/4]Reuters U.S. Power Correspondent Laila Kearney speaks with Consolidated Edison CEO Tim Cawley during Reuters Global Energy Forum in New York City, U.S., June 23, 2026 Julian Guidera/Handout via... Purchase Licensing Rights, opens new tab Read more

June 23 (Reuters) - Consolidated Edison (ED.N), opens new tab CEO Tim Cawley, speaking at the Reuters Global Energy Forum in New ​York on Tuesday, said the utility must upsize ‌parts of its grid equipment to withstand longer and hotter heat waves, while avoiding a fundamental overhaul of the system.

U.S. utilities have ​invested heavily to upgrade electric grids as they ​face extreme weather and growing demand from power-hungry ⁠data centers.

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• "Long, deep heat waves wear on our equipment," ​Cawley said. "So we've got to upsize the equipment sort of ​to meet that moment," he added.

• Cawley added that New York does not need a fundamental grid overhaul, but should better use ​rooftop solar, batteries, demand response and grid data to ​improve efficiency and contain costs.

• He noted that while Con Edison ‌is ⁠seeing increased demand from data centers, it is at around 60 megawatts, compared with the roughly 800-megawatt scale cited by some utilities, with electrification of transport and heating remaining ​the main ​drivers of ⁠load growth.

• He also backed utility-owned large-scale renewables, especially upstate projects linked by transmission to ​downstate demand centers.

• Cawley said artificial intelligence ​and ⁠enhanced real-time visibility into the grid could further improve operations. With more data from smart meters and system telemetry, the ⁠company ​can optimize voltage, reduce consumption, cut ​emissions and lower customer bills while maintaining reliability.

Reporting by Laila Kearney in ​New York and Pranav Mathur in Bengaluru; Editing by Matthew Lewis

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Key Takeaways McCormick is expected to post Q2 revenues of $1.9B, up 14.4% from the prior-year quarter.Core spices, seasonings and condiments may gain from pricing, innovation and brand investments.CCI savings may help offset inflation, while marketing and tech spending could pressure profitability. McCormick & Company, Incorporated (MKC - Free Report) is likely to witness growth in top line when it reports second-quarter 2026 earnings on June 25, 2026. The Zacks Consensus Estimate for revenues is pegged at $1.9 billion, indicating a 14.4% increase from the prior-year quarter’s figure.

The consensus mark for earnings has decreased a penny in the past 30 days to 69 cents per share, indicating flat year-over-year growth. MKC has a trailing four-quarter earnings surprise of 4.5%, on average.

Factors Likely to Influence MKC’s Upcoming ResultsMcCormick’s second-quarter 2026 results are likely to reflect continued strength in its flavor portfolio and resilient consumer demand across core categories. The company has been witnessing steady momentum in spices, seasonings and condiments, supported by pricing actions, innovation and brand investments. The Consumer segment is likely to have benefited from improved category trends, distribution gains and sustained demand for at-home meal preparation.

The company is also likely to have benefited from contributions related to the consolidation of McCormick de Mexico, which had provided a notable boost to sales and profitability in the preceding quarter. The acquired business, along with favorable pricing and product mix, is likely to have supported top-line growth across both the Consumer and Flavor Solutions segments. Management has highlighted disciplined commercial execution and targeted investments in key categories, factors that might have strengthened customer demand and supported market share trends during the quarter to be reported.

McCormick’s ongoing Comprehensive Continuous Improvement (“CCI”) program is likely to have remained an important margin lever in the second quarter. Productivity initiatives, procurement savings and supply-chain efficiencies are likely to have partially offset inflationary pressures and supported profitability.

However, elevated commodity costs and continued investments in brand marketing, digital capabilities and technology transformation initiatives might have weighed on profitability during the quarter.

Earnings Whispers for MKC StockOur proven model does not conclusively predict an earnings beat for McCormick this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.

 McCormick currently carries a Zacks Rank #4 (Sell) and has an Earnings ESP of -0.60%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks With the Favorable CombinationHere are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.

The Hershey Company (HSY - Free Report) currently has an Earnings ESP of +5.15% and a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Hershey’s upcoming quarter’s EPS is pegged at $1.46, which implies a 20.7% increase year over year. The consensus estimate for Hershey’s quarterly revenues is pinned at $2.66 billion, which calls for 1.8% growth from the figure reported in the prior-year quarter. HSY delivered a trailing four-quarter earnings surprise of nearly 19%, on average.

Tyson Foods, Inc. (TSN - Free Report) currently has an Earnings ESP of +2.17% and a Zacks Rank of 3. The consensus estimate for Tyson Foods’ quarterly revenues is pinned at $14.29 billion, which calls for 2.9% growth from the figure reported in the prior-year quarter.

The Zacks Consensus Estimate for the upcoming quarter’s EPS is pegged at $1.04, which implies a 14.3% increase year over year. TSN delivered a trailing four-quarter earnings surprise of nearly 18.1%, on average.

Kimberly-Clark Corporation (KMB - Free Report) currently has an Earnings ESP of +0.39% and a Zacks Rank of 3. The Zacks Consensus Estimate for Kimberly-Clark’s upcoming quarterly revenues is pegged at $4.23 billion. The figure implies a 1.7% increase from the prior-year quarter.

The Zacks Consensus Estimate for Kimberly-Clark’s quarterly earnings per share is pegged at $1.99, indicating a 3.7% gain from the year-ago period figure. KMB delivered a trailing four-quarter earnings surprise of 19.1%, on average.

NEW YORK, June 24, 2026 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of Lucid Group, Inc. (“Lucid” or the “Company”) (NASDAQ: LCID) between February 25, 2026 and April 13, 2026, inclusive.

Should You Join The Lucid Class Action Lawsuit:

Do you, or did you, own shares of Lucid Group, Inc. (NASDAQ: LCID)?
Did you sell your shares between February 25, 2026 and April 13, 2026, inclusive?
Did you lose money in your investment in Lucid Group, Inc.?
What To Do Next:

Investors are encouraged to act promptly and submit a form at Lucid Group, Inc. Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

If you wish to serve as lead plaintiff for the Class, you must file papers by July 28, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About The Lawsuit:

The lawsuit alleges that defendants made materially false and misleading statements and omissions regarding the Company’s business operations, growth prospects, and financial stability. As a result of these alleged misrepresentations, Lucid securities traded at artificially inflated prices during the Class Period. When the truth was disclosed, investors allegedly suffered significant losses.

About Bernstein Liebhard:

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2026 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

, /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with losses related to Lucid Group, Inc. ("Lucid" or the "Company") (NASDAQ: LCID) have opportunity to lead the securities fraud class action lawsuit.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN LUCID GROUP, INC. (LCID), CLICK HERE BEFORE JULY 28, 2026 (THE LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.

 What Is The Lawsuit About?
The complaint filed alleges that, between February 25, 2026 and April 13, 2026, Defendants failed to disclose to investors that: (1) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (2) the foregoing was likely to, and did, have a material negative impact on the Company's business and financial results; (3) accordingly, the Defendants had overstated the purported enhancements to Lucid's manufacturing and delivery capabilities and overall operations; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More: 
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
The Law Offices of Frank R. Cruz, 
Email us at: [email protected]
Call us at: 310-914-5007
Visit our website at: www.frankcruzlaw.com
Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.  

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE The Law Offices of Frank R. Cruz, Los Angeles

SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced its renewal of its forward-flow agreement with Neuberger Specialty Finance, the dedicated asset-based investment team within Neuberger, a global investment management firm. As part of the renewal, funds managed by Neuberger Specialty Finance are expected to invest in up to $600M of consumer loans originated through the Upstart platform.

"Neuberger has been a valued partner of ours through multiple market environments, and this renewal is a reflection of our enduring relationship,” said Sanjay Datta, President, Capital & Enterprise at Upstart. “Their continued commitment strengthens the diverse, institutional-grade funding ecosystem that allows Upstart to offer more competitive rates and a better experience for borrowers."

“Upstart has consistently demonstrated a disciplined approach to credit, a commitment to innovation, and a strong focus on positive borrower outcomes,” said Peter Sterling, Managing Director and Head of Specialty Finance, Neuberger. “As our relationship has grown over time, we have appreciated the team's execution and partnership, and we look forward to continuing to support the platform's growth while securing attractive opportunities for our investors.”

About Upstart

Upstart (NASDAQ: UPST) is the leading AI lending marketplace, connecting millions of consumers to more than 100 banks and credit unions that leverage Upstart’s AI models and cloud applications to deliver superior credit products. With Upstart AI, lenders can approve more borrowers at lower rates while delivering the exceptional digital-first experience customers demand. More than 90% of loans are fully automated, with no human intervention by Upstart. Founded in 2012, Upstart’s platform includes personal loans, automotive retail loans, home equity lines of credit, and Upstart’s new Cash Line product, a revolving line of credit. Upstart is based in San Mateo, California.

About Neuberger Private Markets

Neuberger Private Markets is a division of Neuberger and has been an active and successful private markets investor since 1987. Neuberger Private Markets invests across strategies, asset classes, and geographies for a large number of sophisticated and renowned institutions and individuals globally. As of December 31, 2025, Neuberger Private Markets manages over $155 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Private Markets has an experienced and diverse team of over 500 professionals with a global presence in 17 offices globally.

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On June 24, 2026, we present a discounted cash flow (DCF) analysis for TransDigm Group Inc TDG , a company currently trading at $1297.68. Over the past year, TDG has experienced a price decline of 5.7%, and its year-to-date performance shows a decrease of 2.4%. The stock has seen a slight dip of 0.3% in the last week but has rebounded by 6.9% over the past month.

DCF Earnings-based intrinsic value of $727.53 versus current price of $1297.68 (margin of safety: -78.4%) DCF FCF-based intrinsic value of $558.88 versus current price (significantly overvalued with -132.2% margin of safety) GF Score™ of 91/100 indicates high reliability of the DCF inputs What Is TDG Worth? DCF Earnings-Based Model The DCF earnings-based model for TransDigm Group Inc TDG utilizes a two-stage approach to estimate the intrinsic value of the stock. In the first stage, we project the earnings per share (EPS) growth over the next ten years at a rate of 12.7%. In the second stage, we apply a terminal growth rate of 4% for the following ten years. The discount rate used for both stages is 11%, which is derived from the risk-free rate and equity risk premium.

Parameter Value Current EPS (TTM, excl. non-recurring) $37.97 10-Year Growth Rate 12.7% 10-Year Treasury Rate 4.49% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), the EPS grows at 12.7% per year, leading to a calculated value of $413.18 per share. In the terminal phase (Years 11-20), the growth slows to a 4% terminal rate, resulting in a value of $314.35 per share. The combined intrinsic value from both stages yields:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 12.7%, discounted at 11% $413.18 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $314.35 Intrinsic Value Growth + Terminal $727.53 With the current price at $1297.68, the intrinsic value of $727.53 indicates that the stock is modestly overvalued, with a margin of safety of -78.4%. It is important to note that GuruFocus uses EPS without non-recurring items, as research shows stock prices correlate more closely with earnings than free cash flow. For further details, you can access the TDG DCF Calculator.

What Does the Free Cash Flow DCF Say? In contrast to the earnings-based model, the free cash flow (FCF) DCF model yields an intrinsic value of $558.88 per share. This value is significantly lower than the earnings-based intrinsic value, indicating a divergence in the two valuation approaches. The FCF-based model also suggests that TDG is significantly overvalued, with a margin of safety of -132.2%.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for TransDigm Group Inc stands at $1581.86, providing a third perspective on the company's valuation. GF Value™ is GuruFocus' proprietary measure calculated from historical trading multiples, past business growth, and future performance estimates. While the DCF models suggest that TDG is overvalued, the GF Value™ indicates that the stock is undervalued by 18.0%. This discrepancy highlights the importance of considering multiple valuation methods. For more insights, visit the GF Value™ page.

What Does TDG's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021). TransDigm Group Inc has a GF Score™ of 91/100, indicating strong performance across these metrics. The predictability rank is 3/5 stars, suggesting that the DCF model is reasonably reliable for this stock.

Metric Rating GF Score™ 91/100 Financial Strength 3/10 Profitability 10/10 Growth 10/10 Valuation 10/10 Momentum 5/10

Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to growth rate and discount rate assumptions. Stocks with low predictability ratings, like TDG's 3/5 stars, produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future economic conditions.

What This Means for Investors In summary, the DCF earnings-based model indicates that TransDigm Group Inc is modestly overvalued, while the FCF-based model suggests a more significant overvaluation. The GF Value™ provides an alternative perspective, indicating that the stock is undervalued. Overall, the consensus across these models leans towards TDG being overvalued.

For the full DCF analysis, visit the TDG DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is TDG's intrinsic value based on DCF?

earnings-based $727.52, FCF-based $558.88

Is TDG overvalued or undervalued?

Based on the DCF earnings model and FCF model, TDG is overvalued. However, the GF Value™ suggests it is undervalued.

How reliable is the DCF model for TDG?

The predictability rank of 3/5 indicates that the DCF model is reasonably reliable for this stock.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

NEW YORK, June 23, 2026 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, the "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 23, 2026. The proposal that was considered at the Special Meeting is described in detail in the Company's definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2026 (the “Proxy”). As of March 11, 2026, there were 486,484,945 shares of the Company's common stock outstanding, 25,394,532 shares of the Company's 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company's 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company's 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 908,259 shares of the Company's 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 23,376,070 shares of the Company's 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 1,794,312 shares of the Company's 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,920,261 shares of the Company's Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 1,995,546 shares of the Company's Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 3,341,380 shares of the Company's 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 878,753 shares of the Company's 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until July 7, 2026, at 5:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2026SM .

Dave & Buster's Entertainment Today

PLAY

Dave & Buster's Entertainment

$12.08 +0.81 (+7.19%)

As of 12:27 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$9.61▼

$35.53Price Target$19.33

Dave & Buster’s NASDAQ: PLAY price action is not inspiring for bulls. The stock has trended lower for over two years and could continue to decline. The Q1 earnings release failed to meet expectations, setting the stage for new lows.

The caveat is that PLAY stock is already trading at historically low levels, aligning with lows plumbed during the height of COVID-19 fear, and there are signs of traction in the release.

Get PLAY alerts:

While comps remain an issue, the Back-to-Basics strategy is improving food sales and cash flow metrics, which are central to the stock price outlook. In this scenario, PLAY’s downtrend is played out, and price recovery lies ahead.

Dave & Buster’s Reverts to Free Cash Flow in Q1Dave & Buster’s is a growth story gone awry, but it is also trying to become a recovery and capital return story. The company has historically used cash flow to fund opportunistic share repurchases, which remain in play if the turnaround gains traction. While Q1 results failed to meet expectations, Dave & Buster’s reported a small quarterly profit and returned to positive adjusted free cash flow. The result was modest compared with prior periods, but it was enough to help the company build cash despite continued investment in new stores and remodels.

Looking ahead, management plans a less aggressive capital expenditure year for 2027 than initially reported, focusing on free cash flow (FCF) and the leverage it provides. Dave & Buster’s did not buy back shares in Q1 but will likely do so as the year progresses, given the FCF outlook. As it stands, trailing-12-month activity contributed to a 0.7% average share count reduction in FQ1.

Institutional trends suggest that they, too, will buy PLAY stock in July and summer 2026. The group owns more than 90% of the stock and, after selling in 2025, reverted to buying in 2026. Q1 activity reflects group rotation, with selling spiking alongside buying, but the overall balance is bullish for investors. Activity in early Q2 is less robust overall but comes with a far more bullish balance of approximately $2 bought for every $1 sold. The likely outcome is that buying accelerates amid lower stock prices, with critical support in the $8-$10 range.

Dave & Buster’s Falters on Weak Store TrafficDave & Buster’s Q1 results revealed some budding strengths but also persistent weaknesses. The company’s $559.2 million in net revenue was down 1.5% year-over-year (YOY) and came in $21.4 million below consensus on a 5.4% decline in comp sales. Comp sales are the critical factor in PLAY’s rebound thesis and are expected to provide a catalyst this year. As weak as the Q1 results are, management remains confident in the outlook for positive full-year comps and new-store growth. Store count is up approximately 4% as of Q1’s end and expected to rise by another 100 to 200 bps by year’s end.

The margin news is also uninspiring, but again, there is a catalyst at hand. Gross margin expanded incrementally but was offset by higher costs, resulting in profit compression. Cost increases, tied to wages and labor among other drivers, are accelerating deleveraging as revenue declines. The catalyst is the return to positive comp stores, revenue growth, and improving margins.

Analysts Wait and See: Trends Highlight Deep Value OpportunityDave & Buster’s analyst trends contributed to the stock price decline, as they are bearish, but the market has overreacted to the change. Trading around $12, the stock remains deeply discounted to analysts’ average price target, leaving meaningful upside if the turnaround gains traction. A move toward that target is unlikely without clearer evidence of recovery, but improving comps and profitability could provide the catalyst investors need. Until then, analysts remain cautious, with the consensus rating at Hold and the average price target near $20.

Dave & Buster's Entertainment Stock Forecast Today12-Month Stock Price Forecast:
$19.33
61.50% Upside

Hold
Based on 7 Analyst Ratings

Current Price$11.97High Forecast$30.00Average Forecast$19.33Low Forecast$12.00Dave & Buster's Entertainment Stock Forecast Details

Dave & Buster’s risk this year is high oil prices and inflation. High oil prices are underpinning inflation and impairing discretionary spending. In this environment, it may be difficult for PLAY to grow comp sales.

Debt is also a risk. The company carries significant debt, and maintenance spending cuts into cash flow. If the turnaround fails to gain traction by year’s end, the company’s ability to continue as-is will be in jeopardy.

Catalysts include a renewed focus on targeted store remodels, menu changes, new games and Eat-and-Play offers. Management’s Back-to-Basics strategy appears to be helping food and beverage sales, but the stock likely needs clearer evidence that those gains can translate into better traffic, stronger comps and improved margins. The company is also still opening new stores and expanding internationally through franchise partnerships, giving it longer-term growth levers if the core business stabilizes.

Should You Invest $1,000 in Dave & Buster's Entertainment Right Now?Before you consider Dave & Buster's Entertainment, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dave & Buster's Entertainment wasn't on the list.

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Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead. This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.

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Wix.com (WIX - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this cloud-based web development company have returned -26.9% over the past month versus the Zacks S&P 500 composite's -1.3% change. The Zacks Computers - IT Services industry, to which Wix.com belongs, has lost 9.5% over this period. Now the key question is: Where could the stock be headed in the near term?

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Wix.com is expected to post earnings of $1.20 per share, indicating a change of -47.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +62.4% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $4.66 points to a change of -36.3% from the prior year. Over the last 30 days, this estimate has changed +60.9%.

For the next fiscal year, the consensus earnings estimate of $7.23 indicates a change of +55.2% from what Wix.com is expected to report a year ago. Over the past month, the estimate has changed +5.7%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Wix.com.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

In the case of Wix.com, the consensus sales estimate of $557.82 million for the current quarter points to a year-over-year change of +13.9%. The $2.27 billion and $2.57 billion estimates for the current and next fiscal years indicate changes of +13.8% and +13.5%, respectively.

Last Reported Results and Surprise HistoryWix.com reported revenues of $541.17 million in the last reported quarter, representing a year-over-year change of +14.3%. EPS of $0.68 for the same period compares with $1.55 a year ago.

Compared to the Zacks Consensus Estimate of $543.79 million, the reported revenues represent a surprise of -0.48%. The EPS surprise was -43.8%.

Over the last four quarters, Wix.com surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.

ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Wix.com is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Wix.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Under the terms of the deal, FuelCell Energy will provide up to 380 megawatts of clean, baseload on-site power for data centers using its utility-scale fuel cell technology. The agreement includes an immediate deposit for an initial 30 MW of power scheduled to begin delivery later this year. Fit Energy will be eligible to receive warrants tied to future deployment milestones of up to 380 MW, aligning long-term value creation with successful project execution.

“This agreement further validates our decision to scale our operations to 500 MW, preserving our ability to serve a broad and growing pipeline of customers,” said Jason Few, President and CEO of FuelCell Energy.

FuelCell Shares RiseFCEL Price Action: At the time of publication, FuelCell shares are trading 15.86% higher at $25.28, according to data from Benzinga Pro.

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Key Takeaways FCEL is targeting data centers needing reliable power as AI drives higher electricity demand.FCEL's 12.5-megawatt power block can be added in stages as data-center needs grow.FuelCell Energy's systems offer quieter, lower-emission power and can use waste heat for cooling. FuelCell Energy (FCEL - Free Report) is positioning its fuel cell technology as a solution to a growing challenge for data centers: securing reliable power. As artificial intelligence (“AI”) drives higher electricity demand, data-center operators need power that is available quickly and can run around the clock. FCEL’s approach focuses on generating electricity on-site, allowing customers to rely less on utility grids that often face upgrade delays and long interconnection queues. This could be particularly valuable in regions where limited power availability is slowing the development of new data-center projects.

The core of FCEL’s strategy is its standardized 12.5-megawatt power block. The system combines multiple fuel cell units into a single package that can be added in stages as a data center’s electricity needs increase. This modular design can simplify deployment, reduce engineering complexity and make future expansion easier to plan. For data-center operators, the advantage is not only access to additional power but also a scalable on-site solution that can support large facilities as they grow over time.

FCEL’s offering is designed to meet the reliability requirements of large data centers. Unlike traditional generators that rely on combustion, its fuel cells produce electricity through an electrochemical process, resulting in quieter operation and lower emissions. This may make it easier to develop projects in areas with strict environmental or permitting requirements. The systems can also use waste heat to support cooling needs, helping improve overall energy efficiency. In simple terms, FCEL is not just offering an emergency power solution. It is aiming to provide a reliable, scalable source of on-site electricity that can support the long-term growth of power-hungry data centers.

FuelCell Energy is not the only company trying to address the growing power needs of data centers. As AI adoption accelerates and electricity demand rises, several energy companies are developing solutions that can provide reliable power while reducing dependence on constrained utility grids. Although their technologies differ, the common goal is to help data-center operators secure dependable energy for long-term growth.

Different Paths to Meeting Data-Center Power Needs

Bloom Energy (BE - Free Report) is positioned to benefit from rising demand for reliable, distributed power as AI and data-center growth place increasing pressure on utility grids. Bloom Energy offers fuel cell systems that provide clean, dependable on-site electricity, helping customers reduce reliance on delayed grid upgrades and interconnection bottlenecks. The company has also highlighted strong commercial activity and a growing project pipeline, reinforcing demand for its distributed energy solutions.

Enphase Energy (ENPH - Free Report) does not have a direct data-center focus, but could still benefit from growing demand for reliable power across commercial facilities. The company offers commercial-scale microinverters that support a range of three-phase electrical systems commonly used in businesses and industrial sites. Enphase Energy also provides battery storage and energy-management solutions that help customers improve backup power, manage electricity usage and expand their systems over time. As a result, Enphase Energy is better positioned as a provider of commercial clean-energy and power-resilience solutions rather than a pure data-center power play.

The Zacks Rundown on FCEL

Shares of FuelCell Energy have surged nearly 150% over the past six months, breezing past the industry's growth.

Image Source: Zacks Investment Research

FCEL currently has an average brokerage recommendation (ABR) of 3.22 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerage firms. 

Image Source: Zacks Investment Research

The chart below shows FCEL’s earnings over the past four quarters.

Image Source: Zacks Investment Research

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Rithm Capital expanded asset management to about $59B, aiming for more recurring fee income.RITM cut servicing costs per loan as technology initiatives target further efficiency gains in 2026.Rithm Capital still faces rate sensitivity as mortgage servicing rights drove a $204.2M fair-value decline. Rithm Capital Corp. (RITM - Free Report) is moving beyond a balance-sheet-heavy mortgage and real estate model. Its growth story now includes asset management, operating scale and technology-led efficiency at Newrez.

That shift matters because earnings still carry exposure to rates, mortgage servicing rights and fair-value swings. Investors may need to watch not only how much RITM earns, but how repeatable those earnings become.

How Rithm Capital Is Building Fee IncomeRithm Capital has been expanding its asset management platform across private credit, real estate, fund liquidity and other alternative strategies. The company had roughly $59 billion of assets under management as of March 31, 2026, up from $35 billion a year earlier.

Sculptor and Crestline are central to this push. Management has positioned the two as complementary platforms, with combined assets of roughly $60 billion managed and additional fundraising underway.

The strategy also fits Rithm Capital’s operating model. Newrez and Genesis can source asset-based finance opportunities that may feed investment products, giving the asset management arm a potential pipeline tied to businesses Rithm already controls.

Why RITM Wants More Scalable EarningsFee-centric operations can improve the quality of Rithm Capital’s earnings mix because they are less dependent on deploying balance-sheet capital. A larger asset management business could add recurring management fees and make growth more scalable.

That would be a meaningful contrast to income tied to mortgage assets, spreads and fair-value changes. Rithm Capital’s broader platform already spans mortgage origination and servicing, residential transitional lending, asset management, investment portfolio assets and commercial real estate.

Annaly Capital Management Inc. (NLY - Free Report) offers a useful industry comparison because it also operates in mortgage-related assets and mortgage servicing rights. PennyMac Mortgage Investment Trust (PMT - Free Report) , another mortgage-focused real estate investment trust, gives investors a second peer for judging how RITM’s platform breadth differs from more focused mortgage investment models. Viewed against NLY and PMT, RITM’s push toward asset management shows why scalability has become a more important part of its long-term earnings mix.

How Newrez Tech Could Change RITM MarginsNewrez remains Rithm Capital’s largest business and a core earnings engine. In the first quarter of 2026, it generated $273.7 million of pre-tax operating income, with $15.5 billion of funded production and $850 billion of servicing unpaid principal balance.

The next leg of the Newrez story is less about size alone and more about cost efficiency. Servicing costs per loan fell to $51 in the first quarter of 2026 from $54 in the prior quarter.

Technology is central to that margin effort. HomeVision automated underwriting tools, the ValonOS servicing transition and process automation are expected to reduce costs per loan over time. Management targets an additional 15% reduction from the current run rate in 2026.

Where Rithm Capital's Macro Exposure Still DominatesThe transition is still in progress, and macro exposure remains hard to ignore. As of March 31, 2026, nearly 20% of Rithm Capital’s total assets were directly tied to mortgage servicing rights and related financing receivables.

That exposure can work both ways. Higher rates generally support mortgage servicing rights valuations by reducing refinancing activity, but mortgage spreads, prepayment speeds and market volatility still affect results.

The first quarter showed how these forces can overshadow strategic progress. Rithm Capital reported a $204.2-million negative change in the fair value of mortgage servicing rights and related financing receivables, net of economic hedges.

How RITM's Ratings Reflect a Trend in ProgressThe bottom line is that Rithm Capital is building a more diversified, fee-oriented platform, but the stock does not yet carry the profile of a clear momentum story. The business mix is improving, while rate sensitivity and valuation swings remain major variables.

RITM currently carries a Zacks Rank #3 (Hold). That rank suggests a more balanced earnings estimate backdrop over the next one to three months rather than a clearly positive revision trend. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for 2026 and 2027 earnings has remained unchanged over the past month, pointing to a neutral setup.

Estimate Revision Trend

Image Source: Zacks Investment Research

The Style Scores reinforce that measured view. RITM has a Value Score of C, Growth Score of F, Momentum Score of D and VGM Score of F. Since Zacks Style Scores complement the Zacks Rank, weak Growth, Momentum and VGM readings indicate limited style-based support.

Over the past year, RITM shares have declined 18.1%, compared with the industry’s 19.1% decline.

Price Performance

Image Source: Zacks Investment Research

For now, RITM’s strategic direction is worth monitoring. The fee-income and technology-efficiency trends are encouraging, but the ratings and macro sensitivity argue for patience until estimate momentum or stock performance becomes more supportive.

Key Takeaways Rithm Capital trades well below industry valuation levels and below book value.RITM has covered common dividends with earnings available for distribution for 26 straight quarters.Rithm Capital faces liquidity and mortgage servicing rights risks despite its income appeal. Rithm Capital Corp. (RITM - Free Report) gives income-focused investors plenty to notice. The stock trades at a low earnings multiple, carries a double-digit dividend yield and sits below book value.

That combination can signal opportunity, but it can also reflect risk. RITM’s leverage, liquidity position and exposure to mortgage-related assets make the discount harder to treat as a simple bargain.

Valuation Suggests RITM Is Trading at a Deep DiscountRITM is trading at 4.02X forward 12-month price-to-earnings, far below the industry average. The stock’s own history also shows that the valuation is near the low end of its five-year range. Over that period, RITM has traded as high as 8.71X forward earnings and as low as 3.81X, with a five-year median of 6.15X.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

The book-value discount adds to that case. RITM’s price-to-book ratio is 0.68, compared with 3.23 for the industry.

How Rithm Capital Supports a Big DividendThe dividend is central to RITM’s appeal. Rithm Capital’s board announced a quarterly cash dividend of 25 cents per share on June 22, 2026, payable on July 31 to shareholders of record as of July 2.

That payout translates into an annualized dividend of $1.00 per share and a yield of roughly 10.9%. For income investors, that is difficult to ignore.

The payout also has operating support. Earnings available for distribution have exceeded common dividends for 26 consecutive quarters, helped by Rithm’s mix of mortgage origination and servicing, residential transitional lending, asset management and commercial real estate.

Annaly Capital Management Inc (NLY - Free Report) and Redwood Trust, Inc. (RWT - Free Report) appear in the same industry peer set, giving investors other mortgage and real estate finance names to compare against. NLY has a dividend yield of 12.6% while RWT has a dividend yield of 14.9%.

Why RITM Is Not an Easy Value CallDiscounted valuation does not automatically mean mispriced. RITM shares have declined 18.1% over the past year compared with the industry’s fall of 19.9%.

Price Performance

Image Source: Zacks Investment Research

The earnings revision backdrop is not giving investors much of a near-term catalyst either. Earnings estimates for 2026 and 2027 have been unchanged over the past month, and the stock is viewed as having limited upside potential in the near term because of weak fundamentals and the absence of positive estimate revisions.

Estimate Revision Trend

Image Source: Zacks Investment Research

What Rithm Capital's Debt Profile ImpliesThe balance sheet helps explain why investors may demand a discount. As of March 31, 2026, Rithm Capital had total liquidity of $1.4 billion, compared with total debt of $39.5 billion, including short-term and long-term debt.

That gap can matter during economic stress or market volatility. A weaker liquidity position could make it harder for the company to support its business if funding conditions tighten or asset values move sharply.

RITM also has meaningful exposure to mortgage servicing rights and mortgage-related assets. Nearly 20% of total assets were directly tied to mortgage servicing rights and related financing receivables as of March 31, 2026.

The sensitivity is visible in recent results. In the first quarter of 2026, Rithm recorded a $204.2-million negative change in the fair value of mortgage servicing rights and related financing receivables, net of economic hedges.

How RITM's Ratings Shape the Buy DebateThe bottom line is that RITM offers income and valuation appeal, but the risk profile keeps the buy case measured. The stock currently carries a Zacks Rank #3 (Hold), which points to a neutral short-term setup rather than a strong earnings-revision signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Style Scores add to that balanced view. RITM has a Value Score of C, which supports a moderate value argument but stops short of confirming the stock as a top-tier value setup. The weaker style readings are harder to overlook. RITM carries a Growth Score of F, a Momentum Score of D and a VGM Score of F. Those grades reinforce why the stock may fit cautious income seekers better than investors looking for clear growth or momentum strength.

The Zacks Broadcast Radio and Television industry is grappling with an escalation in cord-cutting despite a surge in demand for streaming content. However, industry players, such as Netflix (NFLX - Free Report) , Fox (FOXA - Free Report) , Roku Inc. (ROKU - Free Report) and Sirius XM (SIRI - Free Report) , are reaping the benefits of a massive spike in digital content consumption. These companies are thriving due to their diverse content offerings, which include original, regional and short-form content tailored for small screens like smartphones and tablets. Improved Internet speed and penetration, coupled with technological advancements, have been advantageous for industry participants. As monetization and revenues from advertising spending continue to be modest, strategies focused on profit protection, cash management and greater technology integration have gained significance and are expected to aid these companies in driving top-line growth in the near term.

Industry Description The Zacks Broadcast Radio and Television industry encompasses companies that provide entertainment, sports, news, non-fiction and musical content across television, radio and digital media platforms. These entities generate revenues through the sale of television and radio programs, advertising slots and subscriptions. With technological advancements and a growing demand for virtual reality and Internet radio, industry players are increasing their investments in research and development, as well as sales and marketing efforts, to remain competitive. The industry's focus is likely to shift toward sustaining current levels of operations, coupled with a renewed emphasis on flexibility. This approach would accelerate the transition to a variable cost model, thereby reducing fixed costs and enhancing agility in the face of evolving market dynamics.

4 Broadcast Radio and Television Industry Trends to Watch Shift in Consumer Preference a Key Catalyst: To adapt to the evolving landscape, companies are diversifying their content offerings for over-the-top (OTT) services alongside traditional linear TV. The availability of streaming services across a wide range of platforms has enabled them to reach a global audience, expand their international user base and attract advertisers to their platforms, thereby boosting ad revenues. The utilization of services that aid advertisers in measuring their return on investment and enhancing use cases is expected to benefit industry participants. Major leagues and events, such as the NFL, NHL, Olympics, European Games, EPL and elections, also contribute significantly to ad revenue generation.

Increased Digital Viewing Fuels Content Demand: Many industry participants, either launching their own OTT services or acquiring existing ones, leverage user insights to deliver tailored content. The surge in digital viewing has made consumer data readily available, allowing companies to apply artificial intelligence (AI) and machine learning techniques to create or procure targeted content. This approach not only boosts user engagement but also enables industry players to raise the prices of their services at opportune moments without the fear of losing subscribers.

Uncertain Macroeconomic Landscape Impedes Production and Ad Demand: Advertising is a significant revenue source for the Broadcast Radio and Television industry. However, industry participants are grappling with the effects of persistently high inflation, rising interest rates, increased capital costs, a soaring U.S. dollar and the looming threat of a recession. These factors have prompted advertisers to trim their ad budgets, which is expected to impact the top-line growth of industry players in the near term. Moreover, intense competition for ad dollars from tech and social media companies has been a significant impediment to the growth of industry participants.

Low-Priced Skinny Bundles Impact Revenues: The surge in cord-cutting has compelled industry participants to offer "skinny bundles." These Internet-based services often contain fewer channels than traditional subscriptions and are, therefore, more affordable. This move aligns with changing consumer viewing dynamics, as growth in Internet penetration and advancements in mobile, video and wireless technologies have boosted small-screen viewing. While these alternative services are expected to keep users engaged with their platforms, increasing the need for additional content, the low-priced skinny bundles are likely to dampen the top-line performance of industry players.

Zacks Industry Rank Indicates Dull Prospects The Zacks Broadcast Radio and Television industry is housed within the broader Zacks Consumer Discretionary sector. It currently carries a Zacks Industry Rank #164, which places it in the bottom 34% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dismal near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s position in the bottom 50% of the Zacks-ranked industries results from a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since June 30, 2025, the industry’s earnings estimates for 2026 have moved south by 6.3%.

Despite the gloomy industry outlook, a few stocks are worth watching, as these have the potential to outperform the market based on a strong earnings outlook. But before we present such stocks, it is worth first looking at the industry’s shareholder returns and current valuation.

Industry Lags Sector, S&P 500 The Zacks Broadcast Radio and Television industry has underperformed the broader Zacks Consumer Discretionary sector and the S&P 500 Index in the past six-month period.

The industry has plunged 19.8% over this period compared with the S&P 500’s 7.7% return and the broader sector’s decline of 11.5%, respectively.

6-Month Price Performance 

Industry's Current Valuation On the basis of trailing 12-month Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA), which is a commonly used multiple for valuing Broadcast Radio and Television stocks, the industry is currently trading at 7.76X versus the S&P 500’s 18.49X and the sector’s 9.2X.

In the past five years, the industry has traded as high as 15.56X and as low as 4.92X, recording a median of 8.49X, as the chart below shows.

EV/EBITDA Ratio (TTM)

4 Broadcast Radio and Television Stocks to Watch Fox Corporation enters the near term with fundamental tailwinds drawn from its announcements. In April, FOX named Amazon Web Services its preferred AI cloud provider, strengthening FOX One's streaming and personalization capabilities. In May, independent studies showed FOX advertising driving up to 81% lift in real-world outcomes, while FOX One launched as a Roku Premium Subscription, widening distribution ahead of the FIFA World Cup 2026. In June, FOX secured a new NFL package in Mexico and agreed to acquire Roku, combining premium live sports and news with a platform reaching over 100 million households, targeting roughly $400 million in run-rate cost synergies. With World Cup rights, broadening digital reach and a strong balance sheet, this Zacks Rank #1 (Strong Buy) company's fundamentals support continued near-term momentum. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for fiscal 2026 earnings has moved north by 7.6% to $4.93 per share in the past 60 days. FOXA shares have lost 34% in the past six-month period.

Price and Consensus: FOXA

Netflix enters the second half of 2026 underpinned by strengthening fundamentals. Management's guidance calls for 2026 revenues of $50.7 billion to $51.7 billion, representing 12% to 14% growth, alongside operating margin expansion to 31.5% from 29.5% in 2025, reflecting genuine profitability gains. Advertising remains a key growth lever: the ad-supported tier now reaches over 250 million global monthly active viewers, with revenues on track to roughly double to about $3 billion, backed by new AI-driven ad tools, expanded programmatic buying, an enlarged NFL live sports slate and planned entry into 15 additional countries from 2027. April's mobile redesign, featuring the new Clips vertical discovery feed, should lift engagement, while June's record performance of KPop Demon Hunters reinforces continued content momentum.

The Zacks Consensus Estimate for 2026 earnings has moved north by 2% to $3.60 per share in the past 60 days. Shares of this Zacks Rank #3 (Hold) company have plunged 22.2% in the past six-month period.

Price and Consensus: NFLX

Roku's near-term fundamentals look encouraging. This Zacks Rank #3 company surpassed 100 million global streaming households in April, underscoring platform scale that drove 28% year-over-year platform revenue growth in the first quarter alongside expanding profitability. Management raised full-year guidance, projecting platform revenue growth near 21% to $5 billion and higher adjusted EBITDA, supported by accelerating advertising demand and record premium subscription sign-ups. New initiatives are reinforcing engagement: Roku Curate simplifies advertiser access to premium inventory, while a redesigned Home Screen introduced in May enhances content discovery across its expanding user base. A fall partnership with The CW Network should further broaden viewership reach. Separately, Roku and Fox Corporation announced a definitive merger agreement in June, adding a distinct near-term catalyst alongside these fundamentals.

The Zacks Consensus Estimate for 2026 earnings has moved north by 13.1% to $2.41 per share in the past 60 days. Roku shares have increased 22% in the past six-month period.

Price and Consensus: ROKU

SiriusXM’s first-quarter results showed free cash flow tripling year over year, churn falling to a record-low 1.5%, and EBITDA margin expanding, prompting management to reaffirm robust full-year guidance of roughly $8.5 billion in revenues, $2.6 billion in adjusted EBITDA, and $1.35 billion in free cash flow. Growth catalysts are building: April's exclusive YouTube audio-advertising partnership extends reach toward 255 million monthly listeners starting this fall, while May's expanded LiveRamp identity-targeting deal with AdsWizz strengthens programmatic monetization. June's video-podcast distribution agreement with Tubi adds 100 million monthly users, leveraging podcasting's strong revenue momentum. With leverage trending toward management's low-to-mid 3x target and continued capital returns, this Zacks Rank #3 company's broadening advertising ecosystem and disciplined execution support a constructive near-term outlook.

The Zacks Consensus Estimate for 2026 earnings has remained steady at $3.10 per share in the past 60 days. In the past six-month period, SIRI shares have returned 35.8%.

Price and Consensus: SIRI