Market Signal Briefing

Zoom Communications Inc. (ZM) Q3 2026 Earnings Call November 24, 2025 5:00 PM EST

Company Participants

Charles Eveslage - Head of Investor Relations
Eric Yuan - Founder, President, CEO & Chairman
Michelle Chang - Chief Financial Officer

Conference Call Participants

Tyler Radke - Citigroup Inc., Research Division
Michael Funk - BofA Securities, Research Division
Rishi Jaluria - RBC Capital Markets, Research Division
Josh Baer - Morgan Stanley, Research Division
Ryan MacWilliams - Wells Fargo Securities, LLC, Research Division
Patrick Walravens - Citizens JMP Securities, LLC, Research Division
Aleksandr Zukin - Wolfe Research, LLC
Timothy Horan - Oppenheimer & Co. Inc., Research Division
Tom Roderick - Stifel, Nicolaus & Company, Incorporated, Research Division
Seth Gilbert - UBS Investment Bank, Research Division
James Fish - Piper Sandler & Co., Research Division
Arti Vula - JPMorgan Chase & Co, Research Division
Jackson Ader - KeyBanc Capital Markets Inc., Research Division
Peter Levine - Evercore ISI Institutional Equities, Research Division
Thomas Blakey - Cantor Fitzgerald & Co., Research Division
William Power - Robert W. Baird & Co. Incorporated, Research Division
Alinda Li - William Blair & Company L.L.C., Research Division
Andrew King - Rosenblatt Securities Inc., Research Division
Peter Weed - Sanford C. Bernstein & Co., LLC., Research Division

Presentation

Operator

Hello, and welcome to Zoom's Q3 FY '26 Earnings Release Webinar. As a reminder, today's webinar is being recorded. It is now my pleasure to introduce Charles Eveslage, Head of Investor Relations. Charles, over to you.

Charles Eveslage
Head of Investor Relations

Thank you, Megan. Hello, everyone, and welcome to Zoom's earnings video webinar for the third quarter of fiscal year 2026. I'm joined today by Zoom's Founder and CEO, Eric Yuan; and Zoom's CFO, Michelle Chang.

Our earnings release was issued today after the market closed and may be downloaded from the Investor Relations page at investors.zoom.com. Also on this page, you'll be able to find a copy of today's prepared remarks

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Famed short seller Jim Chanos has taken aim at MicroStrategy chairman Michael Saylor after noticing the company failed to buy Bitcoin during a major market dip. In a recent post on X, Chanos mocked Saylor for not acting on what many consider an ideal buying opportunity, questioning why the company that consistently touts its Bitcoin-accumulation strategy would sit out during a sharp correction.

Chanos pointed out the apparent contradiction, asking, “Isn’t that when they should be buying more?” His comments quickly drew attention, especially given his history of skepticism toward MicroStrategy’s valuation relative to its Bitcoin holdings. Earlier this year, Chanos revealed that he had shorted MicroStrategy stock while simultaneously holding Bitcoin, arguing that the company’s market value carried an outsized premium above its “modified NAV,” or the net value of its BTC reserves. He went as far as calling parts of Saylor’s financial model “gibberish,” and his thesis ultimately proved accurate as MicroStrategy stock sharply underperformed Bitcoin itself.

The investor, well known for his legendary short against Enron, recently disclosed that he unwound this hedged trade after the premium collapsed. While he hasn’t shared exact returns, the move appears to have been significantly profitable.

Meanwhile, Saylor has repeatedly emphasized MicroStrategy’s commitment to ramping up Bitcoin purchases. Just last week, the company announced it had added another $836 million worth of BTC. But Chanos’s criticism highlights a growing concern: skipping the recent price correction raises questions about whether MicroStrategy’s ability to continue aggressive accumulation is weakening. If the company truly plans to accelerate purchases, observers wonder why it passed on one of the most attractive dips in months.

As Bitcoin markets remain volatile, both critics and supporters are watching MicroStrategy closely. Chanos’s latest remarks add more pressure on Saylor to prove that the firm’s long-term Bitcoin strategy still has the financial firepower to continue.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

The Web3 prediction market protocol, Myriad, has reached a cumulative trading volume of over $100 million in USDC, representing a 10x growth in the last three months. From Niche to Mainstream Trading Web3 prediction market protocol, Myriad, has revealed it has surpassed $100 million in cumulative USDC trading volume since its launch.

TLDR

Table of Contents

TLDRCME Group to Launch XRP Futures ContractsSolana Continues to Attract Institutional InflowsGet 3 Free Stock Ebooks

CME Group will launch spot-quoted futures for XRP and Solana on December 15, pending regulatory review.
The new futures contracts will track real-time spot prices and offer lower margin requirements for capital efficiency.
XRP has seen substantial institutional inflows, with $179.6 million invested in spot ETF products this week.
Solana also attracted $128.2 million in inflows, signaling continued institutional interest despite market fluctuations.
CME Group’s decision to list XRP and Solana futures reflects growing demand for altcoin exposure from institutional investors.

CME Group has announced new spot-quoted futures for XRP and Solana, scheduled to launch on December 15, pending regulatory review. This expansion of CME’s crypto offerings comes in response to growing institutional interest in these assets. The futures contracts will track real-time spot prices, offering lower margin requirements to increase capital efficiency for institutional investors.

XRP has seen strong institutional inflows, especially among spot ETF products. SoSoValue reports that $179.6 million was invested in XRP spot ETFs this week. These inflows highlight a steady rise in investor interest in regulated XRP funds.

The trend is not limited to the U.S. According to CoinShares, XRP experienced inflows of $89.3 million in international markets last week. This signals deeper institutional involvement in XRP as a preferred asset.

CME Group’s decision to introduce XRP futures reflects this growing demand. The futures will provide institutions with greater access to XRP through efficient hedging tools. By offering spot-quoted contracts, CME aims to deliver clearer price exposure for traders.

Solana Continues to Attract Institutional Inflows
Solana is also witnessing significant institutional interest, with $128.2 million flowing into Solana ETFs this week. Investors are undeterred by market volatility, as funds continue to enter Solana products. This marks a continuation of the trend seen in recent months.

CME Group’s move to list Solana futures follows these inflow trends, opening new avenues for institutional trading. The new contracts will offer Solana investors enhanced capital efficiency. CME’s offering will track real-time spot prices, helping institutions to hedge positions more effectively.

Like XRP, Solana’s futures will reduce margin requirements, providing institutions with the flexibility to allocate capital across multiple crypto products. This launch aligns with CME’s broader strategy to expand its crypto futures offerings. By adding Solana, CME Group enhances its position in the rapidly growing altcoin market.

XRP surged 8.5% in 24 hours as Franklin Templeton launched its spot XRP ETF on November 24, 2025, joining Bitwise, Grayscale, and Canary Capital.The ETF launches come after Ripple's $125 million SEC settlement in May, removing regulatory barriers and enabling institutional access.Franklin Templeton called XRP "foundational" to global settlement infrastructure, while technical features like speed and low cost boost institutional interest.XRP jumped more than 9% to $2.27 after Franklin Templeton and Grayscale launched their spot XRP ETF on Monday. The $1.69 trillion asset manager joined Bitwise, Grayscale, and Canary Capital in offering regulated XRP investment products, calling XRP “foundational” for global settlement infrastructure.

This wave of ETF launches marks a turning point for XRP. After regulatory uncertainty faded with Ripple’s SEC settlement earlier in 2025, institutional interest is surging.

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Wave of Institutional ETF Launches Signals Market MaturityFranklin Templeton debuted the Franklin XRP ETF (XRPZ) on NYSE Arca, offering regulated XRP exposure through a grantor trust. The fund tracks the CME CF XRP-Dollar Reference Rate and uses Coinbase Custody as custodian, with BNY Mellon as administrator. According to Franklin Templeton’s announcement, the ETF allows investors to follow XRP’s performance transparently, without buying the cryptocurrency directly.

“XRPZ offers investors a convenient and regulated way to access a digital asset that plays a critical role in the global settlement infrastructure,” stated David Mann, director of ETF products and capital markets at Franklin Templeton.

Grayscale has also launched its XRP Trust ETF (GXRP) with a zero-fee introductory period, highlighting XRP’s strong market position.

Introducing Grayscale XRP Trust ETF (Ticker: $GXRP), now trading with 0% fees¹ from Grayscale, the world's largest crypto-focused asset manager².

Gain exposure to $XRP, the world’s 3rd largest digital asset³, driving innovation in global payments. Available in your brokerage… pic.twitter.com/rAzGrm0M6P

— Grayscale (@Grayscale) November 24, 2025
Bitwise, which launched its XRP ETF a week earlier, reported $100 million in initial inflows. The clustering of ETF launches signals that asset managers were prepared for regulatory clarity, which arrived from the SEC in 2025.

Sponsored

Regulatory Resolution Paves Way for Wall Street EntryRipple’s $125 million settlement with the Securities and Exchange Commission in May 2025 ended years of uncertainty. SEC statements confirm that Ripple resolved all claims without admitting wrongdoing, paid $50 million directly to the agency, and had the rest released from escrow. This resolution gave large financial institutions the assurance needed to pursue spot ETFs.

Franklin Templeton’s participation is notable for its size, lending credibility to XRP’s story as a payment utility. Investors can now access XRP through regulated products managed by well-known custodians and with clear transparency.

Source: BeInCryptoStill, prospectuses caution that risks remain, including XRP’s volatility, limited diversification, and regulatory uncertainty abroad. The ETF holds only XRP and cash, making it unsuitable as a standalone investment.

Sponsored

XRP’s Technical Advantages Drive Institutional InterestXRP runs on the decentralized XRP Ledger (XRPL), designed for rapid payment settlement. XRPL documentation highlights near-instant, low-fee transactions and notes that over 3.3 billion transfers have been processed on the network.

XRPL’s consensus system is said to be energy efficient, settling transactions in three to five seconds. These features attract institutions seeking alternatives to SWIFT and traditional cross-border systems.

Franklin Templeton’s prospectus and Grayscale Research both stress XRP’s usefulness as a currency bridge and for efficient, scalable transfers. With these characteristics, XRP sets itself apart from cryptocurrencies like Bitcoin, which mainly serve as a store of value.

The current rally coincides with rising open interest in XRP futures, pointing to growing involvement from institutional and retail traders and suggesting sustained market activity.

Sponsored

Geopolitical Dimensions and China Exposure SpeculationSome analysts believe XRP could play a role in new cross-border payment corridors, including those in Asia, the Middle East, and Africa. Black Swan Capitalist has argued that China has indirect exposure to XRP through the BRICS New Development Bank and leading Japanese fintech SBI Holdings. However, direct adoption remains limited by Chinese policies.

China already has indirect exposure to XRP through the BRICS New Development Bank, SBI, and the cross-border payment corridors linking Asia, the Middle East, and Africa. The rails don’t stop at the Great Wall, despite what some on Twitter might think.

— Black Swan Capitalist (@VersanAljarrah) November 21, 2025
BRICS business council recommendations from April 2025 urged support for cross-border digital settlements — a theme in line with XRP’s core design, despite no explicit mention of the cryptocurrency. The recommendations highlight a growing need for efficient digital payment systems.

The European Central Bank is also examining cross-border payment infrastructure. Project Nexus was discussed during an April 2025 speech about linking payment systems in Asia and Europe. These trends echo the global relevance of the XRP Ledger’s use cases.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

A new XRP exchange-traded fund (ETF) just launched today, boosting sentiment around the XRP price prediction as institutional demand begins to ramp up.With firms racing to list their products before Thanksgiving, the Grayscale XRP Trust ETF (GXRP) has officially gone live, following Bitwise's debut last week.

Bitcoin price rises above $88,000 as Trump praises U.S.-China relations, aiming for $90,000 after positive market sentiment.

JPMorgan upgraded Cipher and CleanSpark, and cut targets for MARA, RIOT due to the increased risk of shareholder dilution.

Summary

JPMorgan cut targets for MARA and RIOT due to dilution of shares.
Mining firms have up to 33% more shares than accounted for.
Cipher and CleanSpark are in a strong position on disciplined issuance.

Bitcoin miners are increasingly diversifying their operations from hashrate to high-performance computing. This targeting of AI compute demand did not go unnoticed on Wall Street. In a report published on Monday, November 24, JPMorgan noted this pivot to AI, but also highlighted risks for several firms in the industry.

The investment bank also announced that it was upgrading its ratings for Cipher Mining and CleanSpark from “Neutral” to “Overweight”. The investment giant also raised the price target for Cipher from $12 to $18, while maintaining CleanSpark at $14.

The change in outlook was mainly due to Bitcoin (BTC) miners pivoting to AI use cases. Notably, Cipher Mining plans to expand its infrastructure to 1.7 GW by 2026, largely to support high-performance computing for AI services. In addition, CleanSpark recently expanded its Texas datacenter with 200 MW, largely dedicated to AI.

Bitcoin miners face risks, despite AI demand
Still, JPMorgan highlighted risks faced by some miners, especially regarding shareholder dilution. Notably, increased capital needs push these firms to raise funds through at-the-market offerings, which dilutes investors.

The markets are also currently underreporting dilution, the report argues.

“On average, our diluted share count figures that underpin our price targets are 20%-33% higher than the share count reflected in Bloomberg,” the report wrote, adding that this could mean that these firms are overvalued.

Due to concerns over shareholder dilution, JPMorgan has cut its estimates for Marathon Digital (MARA) from $20 to $13, and Riot Platforms, from $19 to $17.

In a surprising turn of events, the SPSC memecoin saw its value skyrocket by 130% in just a few days following an endorsement from World Liberty, a cryptocurrency initiative associated with former President Donald Trump's family. This significant boost in the memecoin's value highlights the potentially enormous influence of celebrity and high-profile endorsements on the volatile cryptocurrency market.

XRP’s market momentum accelerated this week as the cryptocurrency hit a key bullish target identified by a prominent trader, reinforcing growing confidence across the community.

The surge comes amid a wave of institutional inflows, multiple ETF launches, expanding utility, and renewed optimism from analysts who believe XRP is entering a powerful new phase of market participation.

XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview
Technical Breakout: Bull Flag Target Achieved
A precise technical call from trader @kriptocumm caught the attention of XRP traders after the asset reached the exact bull flag target he outlined earlier in the week.

KripTocuM’s analysis, shared on November 22, identified a textbook flag pattern with support at $1.8810 and a breakout requirement above $1.92. Using the pole height of roughly $1.37 added to the breakout point, he calculated a target of $2.1076.

On November 24, XRP rallied past $2, coming within striking distance of the projected level, before stabilizing near $2.055. Trading volume jumped to $3.85 billion, reflecting heightened market participation and validating the breakout structure.

Indicators remained tilted bullish, with RSI at 62 and a positive MACD crossover suggesting further upside potential.

XRP ETF Momentum Pushes Institutional Demand Higher
XRP’s move arrives during one of its strongest weeks of institutional interest to date. Franklin Templeton’s newly approved spot XRP ETF (XRPZ) debuted on the NYSE with projected first-day volumes of up to $30 million.

The fund’s aggressive fee-waiver strategy, 0% on the first $5 billion until May 2026, has already drawn investor attention.

Grayscale also launched its XRP Trust ETF (GXRP) with a temporary 0% fee, expanding access for traditional market participants seeking regulated exposure.

Both products entered the market as XRP recorded $179.6 million in weekly inflows, sharply contrasting heavy outflows from Bitcoin and Ethereum ETFs. Analysts say this rotation signals a shift toward altcoins with clearer catalysts and strengthening fundamentals.

Analysts See Expanding Utility and Long-Term Upside
Growing utility narratives continue to enhance XRP’s appeal. CryptoSensei recently reiterated explosive price projections, conditional on supply constraints, while pointing to rising institutional adoption, expanding treasury use, and new stablecoin-related integrations as key pillars for long-term growth.

Meanwhile, Ripple’s new Asian banking partnership and ongoing XRPL scalability upgrades are adding further confidence to XRP’s fundamental outlook.

With momentum building on both technical and institutional fronts, traders now look toward the next major resistance levels as the market gauges whether XRP can sustain its powerful new trend.

Cover image from ChatGPT, XRPUSD on Tradingview

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

There is not much to hope for from a cryptocurrency when you see how troublesome the whole situation is: Bitcoin is slowing down after multibillion carnage among institutional and retail investors, Ethereum's crash is only gaining momentum and it seems like Shiba Inu is bottoming out.

Bitcoin running out of fuelIt appears that the $1.4 billion liquidation wave of Bitcoin has finally run out. The market printed the first real indication of seller fatigue following a straight-line decline that drove Bitcoin from the $110,000 area into the mid-$80,000s: a sharp recovery off oversold conditions combined with a noticeable slowdown in sell volume. 

It usually takes a structural catalyst or a final capitulation flush to reset sentiment when the market gets this stretched. This instance was the latter. The damage is evident on the chart: Bitcoin easily cut through its 20-, 50- and 100-day moving averages. Every attempt at an intraday rally was thwarted by aggressive selling as momentum turned sharply bearish. 

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BTC/USDT Chart by TradingViewAdditionally, buyers are intervening for the first time since the decline started, as seen by the long wicks near the bottom. The behavior of Bitcoin in this stabilization zone will determine what happens next. The worst of the chaos is probably over if Bitcoin can stay above the $83,000-$85,000 range. From this point on  the price usually moves in the direction of retesting the broken moving averages, which are currently in the $96,000-$105,000 range. 

First the 20-day and then the 50-day. This does not imply an instantaneous V-shaped reversal, but when sellers lose control, a grind higher is the normal course. A secondary retest of the lows poses the greatest risk. It becomes a classic bottom structure if the volume is lower and the floor is not broken. 

BTC returns to the mid-$70,000s if it breaks. However, it appears that the market has finally released its selling pressure as of right now, and the $1.4 billion purge may have been the capitulation event required to reset the trend. 

Ethereum in troublesome positionThe one pattern that is beginning to emerge surrounding other significant assets is absent from Ethereum, and this is a problem. Following their capitulation flushes, Bitcoin and Shiba Inu both showed early indications of a rounding bottom, including strong selling, a rebound candle and a curved stabilization, as opposed to a straight rebound. This type of structure occurs when sellers run out of ammunition, and the price starts to bend rather than decline vertically.

However, that curve is absent from Ethereum. Its chart continues to show a steep, nearly linear downslope. Not even leveling. Not a curve. There is no proof that buyers are consciously consuming the supply. That is the initial red flag.

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Without hesitation, ETH broke below all of the major moving averages, including the 20-, 50-, 100- and even 200-day, but it has not produced the kind of rebound candle you would anticipate from a true bottoming attempt. ETH did not react with a proper snap-back, in contrast to BTC and SHIB, even though the RSI hit oversold. The bounce is shallow, feeble and far from creating structure.

The price difference from the declining moving averages is the main cause for concern. Instead of curling back toward them, ETH is sliding beneath them. According to trend logic, trapped longs panic-sell into weakness, which frequently results in a second, sharper drop than the first.

Shiba Inu stabilizesAfter weeks of sharp declines, Shiba Inu is now showing the first indications of structural stabilization. Although there is not yet a complete reversal structure, the most recent price action is creating a rounding pattern close to the lows, which is sufficient to indicate that the downtrend may be waning.

This shift was accelerated by the oversold RSI. During the most recent decline, SHIB recorded one of its lowest RSI readings of the year; in the past, these readings have led to brief recoveries. The lack of follow-through sales immediately following oversold levels suggests that sellers are beginning to lose motivation. SHIB would have continued to bleed below the $0.0000075 zone if the trend had remained strong; instead, we are witnessing a slight upward curve.

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Investors should anticipate a gradual stabilization rather than an instantaneous V-shaped reversal from this point on. Because they depend on sentiment gradually changing from fear to indifference to cautious accumulation, rounding bottoms take time. Only when the price begins to build higher lows on brief time frames — which seems to be happening right now — does that shift become apparent.

The $0.0000075-$0.0000080 support band should be held. The rounding structure gains credibility and indicates a stop to the downtrend if buyers defend this range. SHIB must recover short-term moving averages before the downward trend reverses.

A close above the 20-day creates room for $0.0000092 to $0.0000100. The real resistance is still the long-term declining trendline between $0.0000105 and $0.0000110. SHIB can only transition from stabilization to recovery with a breakout there.

Key points

Solana’s activity growth has not offset falling leverage demand and weak network fees, keeping SOL short-term bullish prospects limited.

A short squeeze to $160 needs firmer derivatives support and stronger investor conviction amid persistent macroeconomic uncertainty.

Solana’s native token SOL (SOL) failed to reclaim $140 on Monday despite recovering part of its recent losses. A negative funding rate in SOL perpetual futures and declining onchain activity across the Solana network continued to weigh on investor sentiment.

SOL remains down 30% over the past 30 days, underperforming the broader altcoin market. Traders are now assessing the likelihood of a sustainable bullish trend.

SOL/USD vs. altcoin market capitalization. Source: TradingView / CointelegraphMuch of the prevailing concern among cryptocurrency investors stems from declining confidence in the United States economy, following signs of labor-market weakness and an increasing reliance on artificial intelligence investments. 

The CEO of Deutsche Bank’s DWS asset manager told Reuters that there is “no playbook” for valuing the AI sector, adding that more evidence is required beyond efficiency gains to support elevated valuations.

After a record 43-day US government funding shutdown, several consumer companies reduced sales expectations following weaker-than-anticipated earnings, including Target, Home Depot and McDonald’s. 

With the release of the US October Consumer Price Index (CPI) and unemployment data canceled, traders had even less visibility regarding the Federal Reserve’s monetary policy decision scheduled for Dec. 10.

Derivatives stress and fading activity continue pressuring SOL’s priceSOL’s weakness reflects a broader decline in risk appetite, but additional factors likely contributed to its underperformance relative to major altcoins. The successful launch of XRP (XRP) exchange-traded funds (ETFs) in the US increased competition for institutional flows, and launches tied to other cryptocurrencies, including Litecoin (LTC) and Chainlink (LINK), are expected to follow.

SOL perpetual futures annualized funding rate. Source: laevitas.chDemand for bearish leverage on SOL perpetual futures has been persistent since Friday, as the funding rate turned negative, meaning traders are paying to maintain positions that benefit from further price declines. Under neutral conditions, this indicator typically ranges between 6% and 12% to account for opportunity costs. 

Aggregate SOL futures open interest has fallen 27% over the past 30 days, indicating reduced demand for leverage.

SOL 2-month futures annualized basis rate. Source: laevitas.chThe premium on SOL monthly futures relative to spot prices has dropped to 0%, a level consistent with highly bearish market conditions. In a neutral environment, this metric generally ranges from 5% to 10%, while negative readings signal a sharp absence of demand for bullish exposure. 

Bearish sentiment is likely to persist until conditions in SOL derivatives markets show a meaningful improvement.

Solana network TVL (left) vs. weekly chain revenue (right), USD. Source: DefiLlamaThe total value locked (TVL) on the Solana network declined to $10.5 billion on Monday, a 20% drop compared with one month earlier. Blockchain revenue, measured by weekly fees, has fallen to its lowest level since May, which helps explain why SOL has lagged behind the broader altcoin market. For comparison, Ethereum’s weekly fees are down only 5% over the same 30-day period.

Blockchains ranked by 30-day active addresses. Source: NansenSolana remains the clear leader in active addresses and transaction count, maintaining a wide margin over the second-place BNB Chain. More importantly, Nansen data shows a 13% increase in activity on Solana, while its main competitor, Ethereum, recorded a 15% decline. These figures may help reinforce confidence among SOL investors, but they are not, on their own, a catalyst for a sustained bull run.

SOL has gained 14% since hitting a low of $121.50 on Friday; however, this rebound does not guarantee lasting upward momentum, particularly as derivatives markets remain fragile and network fees continue to show weakness. A short squeeze toward $160 cannot be ruled out, but it would require a significantly stronger show of confidence from SOL traders.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

In brief
Victims of a Bitcoin wrench attack in Canada were waterboarded, sexually assaulted, and beaten as assailants sought access to their crypto holdings.
One member of the four-man crew was sentenced to seven years in prison earlier this month.
Documented wrench attacks have more than doubled this year amid Bitcoin's rise.
A sentencing decision in the Provincial Court of British Columbia this month revealed the graphic details of a 2024 attack in which the victims were bound, waterboarded, and sexually assaulted—all in an effort to steal the family’s Bitcoin holdings.

The “wrench attack,” or physical attack in which an assailant attempts to gain access to a victim’s cryptocurrency, took place on April 27-28, 2024. 

During the home invasion, four men unlawfully entered the victims' home, first gaining access when two of the men dressed as Canadian Post workers sought a signature for a fake package.

After entering the home, the men then closed the door behind them, and were later joined by two others. Once inside, the victims—a husband, wife, and daughter—were restrained with zip ties. 

They were then threatened and beaten as the assailants sought to gain access to the father’s cryptocurrency. As they attempted to access his funds, they forced the daughter to remove her clothes, exposing her genitalia as they recorded multiple videos. She was instructed to say explicit phrases, and was physically assaulted by one of the crew. 

The men also waterboarded the husband and wife, and threatened to cut off the husband’s genitals if he did not provide them with the access to his funds.

The man had reportedly boasted about his success with crypto investments within the Chinese community of British Columbia leading the crew to initially seek 200 Bitcoin—currently valued at around $17.8 million—during their attack. Later, they lowered their demand to 100 BTC, but ultimately made away with much less, nearly draining the crypto accounts of the victims and making off with around $1.6 million in total.

After being tied up and wrapped in a blanket, eventually the daughter heard a door close and partially freed herself before fleeing the residence and calling 911. 

In May of this year, one of the four crew members, Tsz Wing Boaz Chan, pleaded guilty to breaking and entering, unlawfully confining the victims, and sexual assault. This month, Chan was sentenced to seven years in jail for his role in the crime.

Wrench attacks are on the rise this year, nearly doubling last year’s mark according to a recorded count by Jameson Lopp, the co-founder and chief security officer at self-custody crypto wallet platform, Casa. 

Lopp’s database, which extends back to 2014, now counts 60 documented incidents in 2025 alone. 

This weekend, a man posing as a delivery driver robbed a San Francisco home owner of $11 million worth of crypto. And on Sunday, a Chinese victim had $10,000 stolen after an alleged kidnapping and robbery in Thailand.

Earlier this year, the high-profile kidnapping and wrench attack of Ledger co-founder David Balland and his wife left the crypto entrepreneur with a severed finger.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

A screen displays the logo of Spotify on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

Nov 24 (Reuters) - Spotify

(SPOT.N), opens new tab will raise its U.S. subscription prices in the first quarter of next year, the Financial Times reported on Monday, citing three people familiar with the matter.

The Swedish streaming giant said in August it would raise prices to 11.99 euros ($13.82) per month from 10.99 euros in markets including South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.

Sign up here.

But next year's hike would be the first price increase in the United States since June 2024.

Spotify did not immediately respond to a Reuters request for comment.

The company has leaned on price increases in recent years to drive earnings growth, confident that its ubiquity ensures users stick around. It raised the cost of its premium individual plan in more than 150 markets in the September quarter.

Spotify forecast fourth-quarter profit above Wall Street expectations earlier this month, betting on robust user growth and a boost from price hikes in the crucial holiday season.

($1 = 0.8677 euros)

Reporting by Juby Babu in Mexico City; Editing by Alan Barona

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

November 24, 2025 18:28 ET

 | Source:

Invest Green Acquisition Corp

New York, NY, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Invest Green Acquisition Corporation (the “Company”) announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit on November 24, 2025. The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol “IGACU” beginning November 25, 2025. Each unit consists of one Class A ordinary share and one right to receive one tenth of a Class A ordinary share upon the consummation of an initial business combination. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and rights will be listed on the Nasdaq Global Market under the symbols “IGAC” and “IGACR,” respectively. The offering is expected to close on November 26, 2025, subject to customary closing conditions.

The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but expects to focus its efforts on businesses in the broad renewable energy, sustainable finance and nuclear energy sectors, targeting industries that are crucial components of the global clean energy transition and offer viable pathways towards a clean energy future while ensuring sustainable, reliable, and affordable energy supply, where the Company believes its management team’s operational and investment expertise will provide it with a competitive advantage.

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as lead book-running manager. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: [email protected].

A registration statement relating to the securities became effective on November 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contact

Andrew McLean
Invest Green Acquisition Corporation
Email: [email protected]

CNBC's Jim Cramer explained why he thinks Alphabet's new iteration of its artificial intelligence platform, Gemini, could seriously challenge the dominance of OpenAI's ChatGPT.

"We have to recognize that Gemini's the biggest threat to ChatGPT we've seen so far. There's simply no two ways about it — Gemini's existential for OpenAI," he said. "The company, the emperor, better have…something to strike back, because otherwise the narrative will be that OpenAI has no clothes."

Alphabet announced its new Gemini model last week. Cramer praised the new version and said some on Wall Street are excited about it — noting that Salesforce's Marc Benioff said he prefers the new Gemini to ChatGPT.

Usually, Cramer said Alphabet's announcement wouldn't cause a huge upset — but the stakes in this business are huge, mentioning the huge amounts of money involved. Alphabet has an edge over other ChatGPT challengers because it's been able to integrate Gemini with its Google platform, Cramer continued.

Slower OpenAI user growth would be a problem for both the company and its business partners, Cramer said. He pointed out that OpenAI has committed to spending about $1 trillion and it needs to keep growing rapidly in order to raise that money.

Cramer stressed that he wouldn't completely write off OpenAI, saying it's possible the company has a "revolutionary version of its own product" in the works. He also said the Gemini news isn't necessarily terrible for Oracle, one of OpenAI's major partners, because the data center builder has the ability to attract other customers and "doesn't just live or die depending on OpenAI."

"Still, if your business is hanging on ChatGPT, it just became more precarious," Cramer said.

Alphabet and OpenAI did not immediately respond to request for comment.

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By

PYMNTS
 | 
November 24, 2025

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Google Search was supposed to lose ground in the artificial intelligence (AI) era, but Alphabet’s third-quarter 2025 earnings tell a different story. Alphabet said Search-and-other advertising revenue rose about 15% to more than $56 billion in Q3, defying expectations that generative AI systems would erode its core business.

Instead of being replaced by large language model (LLM) chat interfaces and AI browsers, Search stayed robust by embedding its Gemini model in the results page, improving ad performance via AI models, and holding onto the commercial intent that chatbots still struggle to replicate.

Google Embedded AI, Preserving Search Behavior
The prevailing assumption in 2024 was that LLM-powered interfaces such as ChatGPT and Claude would pull queries away from Google. Users were already leaning on them for summarization, drafting, research, and general exploration. Many believed that the search bar would recede in favor of the chat box.

Yet Google, despite stumbling initially with Bard, turned that possibility on its head by integrating Gemini directly into its familiar search environment rather than diverting users to a separate chatbot. As the BBC noted, “Google’s supremacy in search is defined by the habits of billions of users,” habits that did not break once AI summaries appeared on the results page.

The Forbes analysis reinforced that the “AI browser wars” never really materialized because Google had already embedded AI into Chrome and Search before competitors could gain traction. It argued that challengers underestimated how deeply Google’s distribution and default positioning shaped consumer habits.

Bloomberg added a critical dimension: AI didn’t only strengthen Google’s product; it strengthened its legal position. According to Bloomberg, regulators found that AI-enhanced search experiences made it harder to prove that Google was abusing dominance, because consumers could point to AI features as evidence of innovation, not stagnation. Bloomberg reported that these AI upgrades “blurred the line between traditional search and AI-assisted discovery” in ways that reinforced Google’s argument that it was competing vigorously.

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Why Advertisers Stayed and Commerce Intent Remained in Search
The second pillar of Google’s resilience is that advertisers did not follow users into AI chat interfaces because those interfaces are yet to produce high-value commercial intent at scale. that Consumers used AI tools for drafting, summarizing and exploration, not fully for shopping, booking or finding local services.

The push to bring commerce into conversational AI interfaces did not produce the results many expected. ChatGPT’s instant-checkout feature delivered a less effective purchasing flow because its responses did not follow the structured steps consumers rely on in standard e-commerce funnels and did not support higher-value shopping decisions.

These tools also launched without functioning ad models, leaving advertisers without targeting, attribution or conversion metrics. The limitations kept the highest-value transactional queries inside Google’s search environment and kept advertiser budgets tied to platforms that continued to deliver measurable commercial outcomes.

Google took advantage of this by applying Gemini to optimize ad matching, bidding and creative rotation. Retail advertisers saw more efficient conversions. Travel advertisers saw stronger performance in dynamic placements. Alphabet said these model-driven tools were responsible for several points of incremental ad growth inside the broader business.

Business Insider noted that efforts by OpenAI, Anthropic and Perplexity to introduce ads struggled because long-form answers were not structured like funnels. Advertisers kept their budgets in Google’s environment where conversions remain predictable, measurable and tied to explicit user intent.

The Forbes reporting supported this, pointing out that because Google fused AI into the browser and search, “default gravity” kept users and therefore advertisers  anchored to Google’s ecosystem.

Google also extended its advantage by upgrading vertical search flows. Generative product comparisons pushed users deeper into shopping funnels. AI itinerary builders kept them in Google’s travel ecosystem. Structured troubleshooting kept them from bouncing to third-party forums.

What Could Still Change
Despite the momentum, several threats could shift this trajectory. LLMs and their ways to generate ad revenues are still early, and new models could narrow the gap between brainstorming, discovery and transactional behavior. Consumer habits can adjust quickly if chat interfaces become more action-oriented or if operating systems nudge users toward AI-first assistants.

For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.

See More In: advertising, AI, AI browsers, AI search, Alphabet, artificial intelligence, Earnings, Gemini, Google, News, performance, PYMNTS News

Apollo Global Management, Inc. ( APO ) Discusses Retirement Services Business Update, Growth Strategy and Financial Performance November 24, 2025 1:00 PM EST Company Participants Noah Gunn - MD of Finance & Global Head of Investor Relations in New York Marc Rowan - Co-Founder, CEO & Chairman of the Board Grant Kvalheim - Chief Executive Officer Martin Kelly - CFO & Partner Louis-Jacques Tanguy - Executive VP & CFO Conference Call Participants William Katz - TD Cowen, Research Division Christoph Kotowski - Oppenheimer & Co. Inc., Research Division Patrick Davitt - Autonomous Research US LP Glenn Schorr - Evercore ISI Institutional Equities, Research Division Brennan Hawken - BMO Capital Markets Equity Research Alexander Blostein - Goldman Sachs Group, Inc., Research Division Steven Chubak - Wolfe Research, LLC Wilma Jackson Burdis - Raymond James & Associates, Inc., Research Division Michael Brown Benjamin Budish - Barclays Bank PLC, Research Division Presentation Noah Gunn MD of Finance & Global Head of Investor Relations in New York Good afternoon, everyone, and welcome. I appreciate everyone who is able to join us in the room.

NEW YORK, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today provided a trading update, together with a comprehensive operational overview, as part of the Chief Executive's Annual General Meeting (AGM) address.

November 24, 2025 6:43 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 24, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Hormel Foods Corporation (NYSE: HRL) resulting from allegations that Hormel may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Hormel securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=47180 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On October 29, 2025, The Wall Street Journal published an article entitled "Hormel Cuts Forecast on Price Pressure, Consumer Backdrop; Parts Ways With CFO." The article stated that Hormel "warned earnings in the latest quarter were squeezed by price pressures, bird flu and a fire that damaged its Arkansas peanut butter production facility. The company also said it was parting ways with its top finance executive[.]"

On this news, Hormel Foods stock fell 9.1% on October 29, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275809

HACIENDA HEIGHTS, Calif.--(BUSINESS WIRE)--Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today the sale and financing of Hills at Hacienda Heights, a 350-unit multifamily property in Hacienda Heights, California. The asset sold for $107 million, or $305,714 per unit.

Costco (COST - Free Report) closed at $886.12 in the latest trading session, marking a -1.43% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.55%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 2.69%.

The warehouse club operator's stock has dropped by 3.55% in the past month, exceeding the Retail-Wholesale sector's loss of 3.56% and lagging the S&P 500's loss of 1.8%.

Market participants will be closely following the financial results of Costco in its upcoming release. The company plans to announce its earnings on December 11, 2025. The company is expected to report EPS of $4.24, up 10.99% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $67.15 billion, indicating a 8.04% increase compared to the same quarter of the previous year.

COST's full-year Zacks Consensus Estimates are calling for earnings of $19.97 per share and revenue of $296.34 billion. These results would represent year-over-year changes of +11.01% and +7.67%, respectively.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Costco. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Right now, Costco possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Costco is currently trading at a Forward P/E ratio of 45.03. This expresses a premium compared to the average Forward P/E of 27.76 of its industry.

One should further note that COST currently holds a PEG ratio of 6.11. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Retail - Discount Stores industry currently had an average PEG ratio of 3.85 as of yesterday's close.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 97, finds itself in the top 40% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest trading session, UiPath (PATH - Free Report) closed at $13.31, marking a +2.31% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.55%. Meanwhile, the Dow experienced a rise of 0.44%, and the technology-dominated Nasdaq saw an increase of 2.69%.

Heading into today, shares of the enterprise automation software developer had lost 21.06% over the past month, lagging the Computer and Technology sector's loss of 1.89% and the S&P 500's loss of 1.8%.

Market participants will be closely following the financial results of UiPath in its upcoming release. The company plans to announce its earnings on December 3, 2025. The company's earnings per share (EPS) are projected to be $0.14, reflecting a 27.27% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $392.62 million, indicating a 10.71% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.65 per share and a revenue of $1.57 billion, representing changes of +22.64% and +10.07%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for UiPath. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. UiPath currently has a Zacks Rank of #3 (Hold).

Looking at valuation, UiPath is presently trading at a Forward P/E ratio of 20.07. This represents a discount compared to its industry average Forward P/E of 29.29.

Investors should also note that PATH has a PEG ratio of 0.83 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.91.

The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 30% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

Morgan Stanley (MS - Free Report) closed at $162.83 in the latest trading session, marking a +2.95% move from the prior day. The stock's change was more than the S&P 500's daily gain of 1.55%. Meanwhile, the Dow gained 0.44%, and the Nasdaq, a tech-heavy index, added 2.69%.

Coming into today, shares of the investment bank had lost 3.47% in the past month. In that same time, the Finance sector lost 0.98%, while the S&P 500 lost 1.8%.

Investors will be eagerly watching for the performance of Morgan Stanley in its upcoming earnings disclosure. On that day, Morgan Stanley is projected to report earnings of $2.28 per share, which would represent year-over-year growth of 2.7%. Alongside, our most recent consensus estimate is anticipating revenue of $17.07 billion, indicating a 5.24% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.76 per share and revenue of $69.71 billion. These totals would mark changes of +22.77% and +12.87%, respectively, from last year.

Any recent changes to analyst estimates for Morgan Stanley should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.64% upward. Currently, Morgan Stanley is carrying a Zacks Rank of #1 (Strong Buy).

Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 16.2. This indicates a premium in contrast to its industry's Forward P/E of 15.84.

It is also worth noting that MS currently has a PEG ratio of 1.3. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.05 based on yesterday's closing prices.

The Financial - Investment Bank industry is part of the Finance sector. With its current Zacks Industry Rank of 22, this industry ranks in the top 9% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

In the latest close session, Accenture (ACN - Free Report) was down 3.27% at $243.62. The stock trailed the S&P 500, which registered a daily gain of 1.55%. Elsewhere, the Dow saw an upswing of 0.44%, while the tech-heavy Nasdaq appreciated by 2.69%.

Heading into today, shares of the consulting company had gained 1.7% over the past month, outpacing the Computer and Technology sector's loss of 1.89% and the S&P 500's loss of 1.8%.

The investment community will be closely monitoring the performance of Accenture in its forthcoming earnings report. On that day, Accenture is projected to report earnings of $3.74 per share, which would represent year-over-year growth of 4.18%. At the same time, our most recent consensus estimate is projecting a revenue of $18.56 billion, reflecting a 4.93% rise from the equivalent quarter last year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $13.77 per share and a revenue of $73.8 billion, signifying shifts of +6.5% and +5.92%, respectively, from the last year.

Investors might also notice recent changes to analyst estimates for Accenture. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% decrease. Accenture currently has a Zacks Rank of #3 (Hold).

Looking at valuation, Accenture is presently trading at a Forward P/E ratio of 18.29. This signifies a premium in comparison to the average Forward P/E of 15.98 for its industry.

Investors should also note that ACN has a PEG ratio of 2.39 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 1.87.

The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.