Latest POS and payments solutions from NCR Voyix help drive operational efficiency and enhance the customer experience at the Southern California grocer
ATLANTA--(BUSINESS WIRE)--NCR Voyix (NYSE: VYX), a platform‑powered leader in unified commerce for shopping and dining, today announced a new agreement with Stater Bros. Markets (“Stater Bros.”), a leading supermarket chain in California. The agreement expands the long-standing relationship between the two companies and brings NCR Voyix’s next-generation POS and payments solutions to Stater Bros. on the Voyix Commerce Platform.
Stater Bros. Markets expands its longstanding relationship with NCR Voyix, adopting next‑generation POS and payments solutions on the Voyix Commerce Platform to modernize store operations.
Share Under the new agreement, Stater Bros. is adopting Voyix POS and payments solutions from NCR Voyix to strengthen store-level operations and support continued innovation across its business. An existing NCR Voyix customer for decades, Stater Bros. is signing on to the company’s newest commerce and payments solutions to improve reliability, increase operational efficiency and better support evolving customer expectations.
The agreement provides Stater Bros. with a modern commerce foundation on the Voyix Commerce Platform, supporting mission-critical store operations while enabling flexibility as business needs evolve. The companies expect work to begin in the third quarter of 2026, starting with initial lab efforts, followed by phased deployments beginning in 2027.
Stater Bros. has proudly served Southern California families for generations, and we remain committed to investing in technology that empowers our teams to deliver an exceptional customer experience every day,” said Gil Salazar, SVP and CIO of Stater Bros. Markets. “By expanding our relationship with NCR Voyix, we are embracing modern point-of-sale and payment solutions that enhance operational efficiency today while positioning our business for future adaptability. NCR Voyix’s deep industry expertise is reflected in its latest innovations, and we are excited to bring these advancements to our stores.”
NCR Voyix delivers unified commerce and payments solutions on the Voyix Commerce Platform, designed for mission-critical retail environments and built to help retailers operate reliably while introducing new solutions over time.
“Stater Bros. is a highly respected grocery retailer with a strong legacy and a clear focus on operational excellence,” said Darren Wilson, Executive Vice President and President, Retail and Payments at NCR Voyix. “We’re proud to sign this new agreement and support Stater Bros. as they move onto the Voyix Commerce Platform and adopt our newest POS and payments solutions to drive efficiency today and create a strong foundation for future innovation.”
About NCR Voyix
NCR Voyix Corporation (NYSE: VYX) is a global platform-powered leader in unified commerce for shopping and dining. Combining a flexible, intelligent platform with end-to-end payments capabilities and services developed through its deep industry experience, NCR Voyix empowers retailers and restaurants to accelerate new possibilities for their operations, experiences and business outcomes. NCR Voyix is headquartered in Atlanta, Georgia, and serves customers in more than 35 countries worldwide.
About Stater Bros. Markets
Communities throughout Southern California look to Stater Bros. Markets for Fresh. Affordable. Community First. grocery shopping every day. Stater Bros. nurtures families and their communities at nearly 170 stores and through the helping hands of 18,000 caring employees. While the Stater Bros. meat counter is legendary for its quality and variety, every store department is designed to surprise and delight today’s shoppers. The company lives out its values through the charitable efforts of its non-profit, Stater Bros. Charities. Learn more at staterbros.com.
New NCR Voyix customer to deploy next-generation restaurant POS technology to drive operational efficiencies and support scalable growth
ATLANTA--(BUSINESS WIRE)--NCR Voyix (NYSE: VYX) (the “Company”), a platform‑powered leader in unified commerce for shopping and dining, today announced that Gyro Hut, a fast‑casual Mediterranean restaurant brand based in the Houston area, has selected NCR Voyix as its technology partner to support its next phase of growth.
As a rapidly expanding brand, Gyro Hut chose NCR Voyix to gain access to a scalable, unified commerce platform with enterprise-grade capabilities. This partnership enables Gyro Hut to operate with the sophistication and consistency of much larger chains, positioning them for continued expansion and operational excellence.
Under the agreement, Gyro Hut will leverage NCR Voyix’s technology to modernize its restaurant operations, with a planned migration to NCR Voyix’s next-generation point-of-sale solution, Aloha Next, as it becomes available.
“As we continue to scale, it’s important to have the technology and partnership that is able to support our growth aspirations,” said Antonio Lopez, Director of Operations at Gyro Hut. “NCR Voyix’s industry-leading platform and insight, combined with their breadth and depth of expertise, will enable us to operate more effectively and support our vision.”
“Gyro Hut is a great example of a growing restaurant brand focused on getting the fundamentals right,” said Miguel Solares, Chief Revenue Officer, Restaurants at NCR Voyix. “Our solutions are built to provide enterprise-grade capabilities that help operators scale with confidence.”
About NCR Voyix
NCR Voyix Corporation (NYSE: VYX) is a global platform-powered leader in unified commerce for shopping and dining. Combining a flexible, intelligent platform with end-to-end payments capabilities and services developed through its deep industry experience, NCR Voyix empowers retailers and restaurants to accelerate new possibilities for their operations, experiences and business outcomes. NCR Voyix is headquartered in Atlanta, Georgia, and serves customers in more than 35 countries worldwide. For more information, please visit https://www.ncrvoyix.com/.
About Gyro Hut
What started as a humble food cart on the busy streets of New York City has evolved into one of Texas’s fastest growing Mediterranean quick service concepts. Gyro Hut is now rapidly expanding across the Houston area and setting its sights on continued growth throughout the state and beyond. Bringing authentic New York style flavor everywhere we go. For more information, please visit https://gyrohut.com/.
ATLANTA--(BUSINESS WIRE)-- #HospitalityTechnology--NCR Voyix (NYSE: VYX) (the “Company”), a platform-powered leader in unified commerce for shopping and dining, today announced an expanded agreement with Pei Wei®, a leading fast-casual Asian dining brand. The renewal supports Pei Wei's existing restaurant technology strategy and its operational consistency across the brand's restaurant footprint. Under the agreement, NCR Voyix will make its next-generation point-of-sale (POS) solution for Restaurants, Aloha Next, avail.
ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix” or the “Company”), a platform-powered leader in unified commerce for shopping and dining, reported financial results today for the three months ended March 31, 2026. First Quarter Financial Highlights Revenue was $606 million compared to $612 million in the prior year period. Net loss from continuing operations attributable to NCR Voyix was $2 million, compared with a net loss from continuing operations attributable to NCR.
NCR Voyix (VYX - Free Report) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +33.33%. A quarter ago, it was expected that this maker of ATMs and other hardware and software to handle payments would post earnings of $0.29 per share when it actually produced earnings of $0.31, delivering a surprise of +6.9%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
NCR Voyix, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $606 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.45%. This compares to year-ago revenues of $617 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
NCR Voyix shares have lost about 31.1% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for NCR Voyix?While NCR Voyix has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for NCR Voyix was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $527.5 million in revenues for the coming quarter and $0.90 on $2.21 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Integrated Systems is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Agilysys (AGYS - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 18.
This software provider for the lodging and leisure sectors is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of -5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Agilysys' revenues are expected to be $81.65 million, up 9.9% from the year-ago quarter.
ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX), a platform-powered leader in unified commerce for shopping and dining, today announced that James G. Kelly will present at the 21st Annual Needham Technology, Media, & Consumer Conference in New York, NY on Tuesday, May 12, 2026 at 11:00 a.m., Eastern Time.
A live webcast and subsequent replay of the presentation will be available on the NCR Voyix investor relations website at https://investor.ncrvoyix.com.
About NCR Voyix
NCR Voyix Corporation (NYSE: VYX) is a global platform-powered leader in unified commerce for shopping and dining. Combining a flexible, intelligent platform with end-to-end payments capabilities and services developed through its deep industry experience, NCR Voyix empowers retailers and restaurants to accelerate new possibilities for their operations, experiences and business outcomes. NCR Voyix is headquartered in Atlanta, Georgia, and serves customers in more than 35 countries worldwide. For more information, visit ncrvoyix.com.
ATLANTA--(BUSINESS WIRE)-- #Fintech--NCR Voyix (NYSE: VYX), a platform‑powered leader in unified commerce for shopping and dining, today announced a collaboration with U.S. Bank® Voyager® (Voyager) to enable Voyager fleet card acceptance for commercial fuel transactions at NCR Voyix's cloud-native POS systems in the United States. Under the collaboration, NCR Voyix's payments platform, Voyix Connect, will be expanded to integrate with the Voyager network to support transaction processing for fleets using.
ATLANTA--(BUSINESS WIRE)--NCR Voyix Corporation (NYSE: VYX), a platform-powered leader in unified commerce for shopping and dining, today announced that Brian Webb-Walsh, Executive Vice President and Chief Financial Officer, will present at the 2026 RBC Capital Markets Global Financial Technology Conference in New York, NY on Tuesday, June 9, 2026 at 9:45 a.m., Eastern Time.
A live webcast and subsequent replay of the presentation will be available on the NCR Voyix investor relations website at https://investor.ncrvoyix.com.
About NCR Voyix
NCR Voyix Corporation (NYSE: VYX) is a global platform-powered leader in unified commerce for shopping and dining. Combining a flexible, intelligent platform with end-to-end payments capabilities and services developed through its deep industry experience, NCR Voyix empowers retailers and restaurants to accelerate new possibilities for their operations, experiences and business outcomes. NCR Voyix is headquartered in Atlanta, Georgia, and serves customers in more than 35 countries worldwide. For more information, visit ncrvoyix.com.
NCR Voyix Corporation (NYSE: VYX), a platform-powered leader in unified commerce for shopping and dining, today announced that Brian Webb-Walsh, Executive Vice
Bridgefront Capital LLC purchased a new stake in RLI Corp. (NYSE: RLI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,746 shares of the insurance provider's stock, valued at approximately $701,000. Several other hedge funds and other
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) – RLI Corp. announced today that it will release its first quarter 2026 earnings after market close on Wednesday, April 22, 2026.
The company will hold its quarterly conference call to discuss first quarter results on Thursday, April 23, 2026, at 12 p.m. CDT. This call is being webcast by Q4 and can be accessed at https://events.q4inc.com/attendee/570395995.
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A++ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 50 consecutive years and delivered underwriting profits for 30 consecutive years. To learn more about RLI, visit www.rlicorp.com.
SG Americas Securities LLC boosted its position in shares of RLI Corp. (NYSE: RLI) by 1,030.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,009 shares of the insurance provider's stock after purchasing an additional 31,000 shares
PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) reported first quarter 2026 net earnings of $54.9 million ($0.60 per share), compared to $63.2 million ($0.68 per share) for the first quarter of 2025. Operating earnings(1) for the first quarter of 2026 were $76.8 million ($0.83 per share), compared to $82.5 million ($0.89 per share) for the same period in 2025.
"We entered 2026 with positive underwriting results, delivering an 86 combined ratio across our diversified specialty portfolio.”
Share First Quarter
Earnings Per Diluted Share
2026
2025
Net earnings
$
0.60
$
0.68
Operating earnings (1)(2)
$
0.83
$
0.89
Highlights for the quarter included:
Underwriting income(1) of $57.8 million on a combined ratio(1) of 86.0. Net investment income increased 15%, while gross premiums written increased 3%. Favorable development in prior years’ loss reserves resulted in a $31.3 million net increase in underwriting income. Book value per share of $19.54, an increase of 2% (inclusive of dividends) from year-end 2025. "We entered 2026 with positive underwriting results, delivering an 86 combined ratio across our diversified specialty portfolio,” said RLI Corp. President & CEO Craig Kliethermes. “Our core performance remained solid to start the year. Gross premiums written grew 3%, led by our casualty segment, and net investment income increased 15%, contributing meaningfully to quarterly results and reflecting the continued strength of our investment portfolio.”
“In a dynamic market, we remain focused on disciplined underwriting, rate adequacy and strategically deploying capital to take advantage of opportunities and reward our shareholders.”
Underwriting Income
RLI achieved $57.8 million of underwriting income in the first quarter of 2026 on an 86.0 combined ratio, compared to $70.5 million on an 82.3 combined ratio in 2025.
Results for both years include favorable development in prior years’ loss reserves, which resulted in a $31.3 million and $27.4 million net increase to underwriting income in 2026 and 2025, respectively.
The following table highlights underwriting income and combined ratios by segment for the first quarter.
Underwriting Income(1)
Combined Ratio(1)
(in millions)
2026
2025
2026
2025
Casualty
$
7.3
$
2.1
Casualty
97.1
99.1
Property
48.2
56.9
Property
61.9
57.1
Surety
2.3
11.5
Surety
93.7
68.5
Total
$
57.8
$
70.5
Total
86.0
82.3
(1) See discussion below: Non-GAAP and Performance Measures.
Other Income
Net investment income for the quarter increased 15% to $42.3 million, compared to the same period in 2025. The investment portfolio’s total return was -0.4% for the quarter.
RLI’s comprehensive earnings were $29.5 million for the quarter ($0.32 per share), compared to $93.2 million ($1.01 per share) for the same quarter in 2025. In addition to net earnings, comprehensive earnings for 2026 included after-tax unrealized losses from the fixed income portfolio, due to rising interest rates.
Dividends Paid in First Quarter of 2026
On March 16, 2026, the company paid a regular quarterly dividend of $0.16 per share, the same amount as the prior quarter. RLI’s cumulative dividends total more than $1.1 billion paid over the last five years.
Non-GAAP and Performance Measures
Management has included certain non-generally accepted accounting principles (non-GAAP) financial measures in presenting the company’s results. Management believes that these non-GAAP measures further explain the company’s results of operations and allow for a more complete understanding of the underlying trends in the company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles (GAAP). In addition, our definitions of these items may not be comparable to the definitions used by other companies.
Operating earnings and operating earnings per share (EPS) consist of our GAAP net earnings adjusted by net realized gains/(losses), net unrealized gains/(losses) on equity securities and taxes related thereto. Equity in earnings of unconsolidated investees and the related taxes were excluded from operating earnings and operating EPS beginning in the fourth quarter of 2025. The change was made to present a consistent approach in excluding all unrealized changes in equity investments. Operating earnings and operating EPS for prior periods have been recast to conform to the current definition. Net earnings and net earnings per share are the GAAP financial measures that are most directly comparable to operating earnings and operating EPS. A reconciliation of the operating earnings and operating EPS to the comparable GAAP financial measures is included in the 2026 financial highlights below.
Underwriting income or profit represents the pretax profitability of our insurance operations and is derived by subtracting loss and settlement expenses, policy acquisition costs and insurance operating expenses from net premium earned, which are all GAAP financial measures. The combined ratio, which is derived from components of underwriting income, is a performance measure commonly used by property and casualty insurance companies and is calculated as the sum of loss and settlement expenses, policy acquisition costs and insurance operating expenses, divided by net premiums earned, which are all GAAP measures.
Other News
During the first quarter, the company’s AM Best financial strength rating was upgraded to A++ (Superior) for the company’s insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. AM Best also upgraded the Long-Term Issuer Credit Ratings (ICR) for each RLI company to “aa+” (Superior) and upgraded the ICR of RLI’s publicly traded parent holding company, RLI Corp., to “a+” (Excellent).
At 12 p.m. central daylight time (CDT) on April 23, 2026, RLI management will hold a conference call to discuss quarterly results with insurance industry analysts. Interested parties may listen to the discussion at https://events.q4inc.com/attendee/570395995.
Except for historical information, this news release may include forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) including, without limitation, statements reflecting our current expectations about the future performance of our company or our business segments or about future market conditions. These statements are subject to certain risk factors that could cause actual results to differ materially. Various risk factors that could affect future results are listed in the company's filings with the Securities and Exchange Commission, including the Form 10-K Annual Report for the year ended December 31, 2025.
About RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries – RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s insurance subsidiaries are rated A++ (Superior) by AM Best Company. RLI has paid and increased regular dividends for 50 consecutive years and delivered underwriting profits for 30 consecutive years. To learn more about RLI, visit www.rlicorp.com.
Supplemental disclosure regarding the earnings impact of specific items:
Reserve Development(1) and Catastrophe Losses,
Net of Reinsurance
Three Months Ended
March 31,
(Dollars in millions, except per share amounts)
2026
2025
Favorable development in casualty prior years' reserves
$
14.5
$
5.1
Favorable development in property prior years' reserves
$
20.6
$
17.6
Favorable development in surety prior years' reserves
$
0.4
$
8.3
Net incurred losses related to:
2026 catastrophe events
$
(16.0)
$
—
2025 and prior catastrophe events
$
—
$
(12.0)
Operating Earnings Per Share
Three Months Ended
March 31,
2026
2025
Operating Earnings Per Share(2)(3)
$
0.83
$
0.89
Specific items included in operating earnings per share:(1)(4)
Net favorable development in casualty prior years' reserves
$
0.10
$
0.02
Net favorable development in property prior years' reserves
$
0.16
$
0.14
Net favorable development in surety prior years' reserves
$
—
$
0.07
Net incurred losses related to:
2026 catastrophe events
$
(0.12)
$
—
2025 and prior catastrophe events
$
—
$
(0.09)
RLI CORP
2026 FINANCIAL HIGHLIGHTS
(Unaudited)
(Dollars in thousands, except per share amounts)
Three Months Ended March 31,
SUMMARIZED INCOME STATEMENT DATA:
2026
2025
% Change
Net premiums earned
$
411,386
$
398,345
3.3
%
Net investment income
42,321
36,726
15.2
%
Net realized gains
9,559
14,912
(35.9)
%
Net unrealized gains (losses) on equity securities
(39,396)
(42,318)
(6.9)
%
Consolidated revenue
$
423,870
$
407,665
4.0
%
Loss and settlement expenses
193,244
177,238
9.0
%
Policy acquisition costs
132,075
123,687
6.8
%
Insurance operating expenses
28,280
26,874
5.2
%
Interest expense on debt
2,353
1,335
76.3
%
General corporate expenses
2,724
2,948
(7.6)
%
Total expenses
$
358,676
$
332,082
8.0
%
Equity in earnings of unconsolidated investees
2,147
3,048
(29.6)
%
Earnings before income taxes
$
67,341
$
78,631
(14.4)
%
Income tax expense
12,456
15,417
(19.2)
%
Net earnings
$
54,885
$
63,214
(13.2)
%
Other comprehensive earnings (loss), net of tax
(25,366)
30,030
NM
Comprehensive earnings
$
29,519
$
93,244
(68.3)
%
Operating earnings(1):
Net earnings
$
54,885
$
63,214
(13.2)
%
Less:
Net realized gains
(9,559)
(14,912)
(35.9)
%
Income tax on realized gains
2,007
3,132
(35.9)
%
Net unrealized (gains) losses on equity securities
39,396
42,318
(6.9)
%
Income tax on unrealized gains (losses) on equity securities
(8,273)
(8,888)
(6.9)
%
Equity in earnings of unconsolidated investees
(2,147)
(3,048)
(29.6)
%
Income tax on equity in earnings of unconsolidated investees
451
641
(29.6)
%
Operating earnings(2)
$
76,760
$
82,457
(6.9)
%
Return on Equity:
Net earnings
22.5
%
17.6
%
Comprehensive earnings
24.2
%
19.8
%
Per Share Data:
Diluted:
Weighted average shares outstanding (in 000's)
92,187
92,528
Net earnings per share
$
0.60
$
0.68
(11.8)
%
Less:
Net realized gains
(0.10)
(0.16)
(37.5)
%
Income tax on realized gains
0.01
0.03
(66.7)
%
Net unrealized (gains) losses on equity securities
0.43
0.46
(6.5)
%
Income tax on unrealized gains (losses) on equity securities
(0.09)
(0.09)
(0.0)
%
Equity in earnings of unconsolidated investees
(0.02)
(0.03)
(33.3)
%
Income tax on equity in earnings of unconsolidated investees
—
—
—
%
Operating earnings per share(1)(2)
$
0.83
$
0.89
(6.7)
%
Comprehensive earnings per share
$
0.32
$
1.01
(68.3)
%
Cash dividends per share - ordinary
$
0.16
$
0.15
6.7
%
Net cash flow provided by operations
$
42,829
$
103,514
(58.6)
%
RLI CORP
2026 FINANCIAL HIGHLIGHTS
(Unaudited)
(Dollars in thousands, except per share amounts)
March 31,
December 31,
2026
2025
% Change
SUMMARIZED BALANCE SHEET DATA:
Fixed income, at fair value
$
3,528,692
$
3,533,336
(0.1)
%
(amortized cost - $3,669,921 at 3/31/26)
(amortized cost - $3,642,362 at 12/31/25)
Equity securities, at fair value
864,912
898,876
(3.8)
%
(cost - $539,859 at 3/31/26)
(cost - $534,311 at 12/31/25)
Short-term investments
386,219
120,562
NM
Other invested assets
60,509
59,281
2.1
%
Cash and cash equivalents
49,121
51,565
(4.7)
%
Total investments and cash
$
4,889,453
$
4,663,620
4.8
%
Accrued investment income
30,456
30,026
1.4
%
Premiums and reinsurance balances receivable
243,451
212,226
14.7
%
Ceded unearned premiums
118,476
124,669
(5.0)
%
Reinsurance balances recoverable on unpaid losses
740,503
746,798
(0.8)
%
Deferred policy acquisition costs
176,187
172,648
2.0
%
Property and equipment
39,809
40,733
(2.3)
%
Investment in unconsolidated investees
56,053
53,521
4.7
%
Goodwill and intangibles
53,562
53,562
0.0
%
Other assets
53,873
63,683
(15.4)
%
Total assets
$
6,401,823
$
6,161,486
3.9
%
Unpaid losses and settlement expenses
$
2,927,929
$
2,886,819
1.4
%
Unearned premiums
991,717
991,636
0.0
%
Reinsurance balances payable
23,455
40,580
(42.2)
%
Funds held
134,215
127,242
5.5
%
Income taxes - current
26,797
29,724
(9.8)
%
Income taxes - deferred
5,566
21,769
(74.4)
%
Short-term debt
50,000
100,000
(50.0)
%
Long-term debt
297,247
—
NM
Accrued expenses
68,016
128,597
(47.1)
%
Other liabilities
80,491
56,923
41.4
%
Total liabilities
$
4,605,433
$
4,383,290
5.1
%
Shareholders' equity
1,796,390
1,778,196
1.0
%
Total liabilities & shareholders' equity
$
6,401,823
$
6,161,486
3.9
%
OTHER DATA:
Common shares outstanding (in 000's)
91,934
91,879
Book value per share
$
19.54
$
19.35
1.0
%
Closing stock price per share
$
57.04
$
63.98
(10.8)
%
Statutory surplus
$
1,814,648
$
1,846,615
(1.7)
%
NM = Not Meaningful
RLI CORP
2026 FINANCIAL HIGHLIGHTS
UNDERWRITING SEGMENT DATA
(Unaudited)
(Dollars in thousands, except per share amounts)
Three Months Ended March 31,
GAAP
GAAP
GAAP
GAAP
Casualty
Ratios
Property
Ratios
Surety
Ratios
Total
Ratios
2026
Gross premiums written
$
307,014
$
154,763
$
42,109
$
503,886
Net premiums written
260,372
118,393
38,895
417,660
Net premiums earned
248,566
126,378
36,442
411,386
Net loss & settlement expenses
152,832
61.5
%
33,854
26.8
%
6,558
18.0
%
193,244
47.0
%
Net operating expenses
88,441
35.6
%
44,339
35.1
%
27,575
75.7
%
160,355
39.0
%
Underwriting income (1)
$
7,293
97.1
%
$
48,185
61.9
%
$
2,309
93.7
%
$
57,787
86.0
%
2025
Gross premiums written
$
278,454
$
170,052
$
42,600
$
491,106
Net premiums written
235,607
121,736
39,748
397,091
Net premiums earned
229,048
132,544
36,753
398,345
Net loss & settlement expenses
145,835
63.7
%
32,725
24.7
%
(1,322)
(3.6)
%
177,238
44.5
%
Net operating expenses
81,142
35.4
%
42,904
32.4
%
26,515
72.1
%
150,561
37.8
%
Underwriting income (1)
$
2,071
99.1
%
$
56,915
57.1
%
$
11,560
68.5
%
$
70,546
82.3
%
(1) See discussion above: Non-GAAP and Performance Measures.
RLI Corp. (RLI - Free Report) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.78%. A quarter ago, it was expected that this specialty insurance company would post earnings of $0.76 per share when it actually produced earnings of $0.94, delivering a surprise of +23.68%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
RLI Corp., which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $453.71 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.06%. This compares to year-ago revenues of $435.07 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
RLI Corp. shares have lost about 8.7% since the beginning of the year versus the S&P 500's gain of 3.2%.
What's Next for RLI Corp.?While RLI Corp. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for RLI Corp. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.72 on $457.49 million in revenues for the coming quarter and $2.78 on $1.82 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, American Coastal Insurance (ACIC - Free Report) , has yet to report results for the quarter ended March 2026.
This property and casualty insurance company is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of +4.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
American Coastal Insurance's revenues are expected to be $75.78 million, up 5% from the year-ago quarter.
For the quarter ended March 2026, RLI Corp. (RLI - Free Report) reported revenue of $453.71 million, up 4.3% over the same period last year. EPS came in at $0.83, compared to $0.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $453.45 million, representing a surprise of +0.06%. The company delivered an EPS surprise of -1.78%, with the consensus EPS estimate being $0.85.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how RLI Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net loss & settlement expenses - Total: 47% versus the three-analyst average estimate of 46.1%.Net operating expenses - Total: 39% compared to the 38.6% average estimate based on three analysts.Underwriting income (loss) - Total: 86% compared to the 84.6% average estimate based on three analysts.Underwriting income (loss) - Casualty: 97.1% versus 98.2% estimated by three analysts on average.Underwriting income (loss) - Property: 61.9% compared to the 59.8% average estimate based on three analysts.Underwriting income (loss) - Surety: 93.7% versus the three-analyst average estimate of 76.9%.Net loss & settlement expenses - Property: 26.8% versus the two-analyst average estimate of 28.5%.Net premiums earned: $411.39 million versus $406.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.Net investment income: $42.32 million compared to the $40.23 million average estimate based on three analysts. The reported number represents a change of +15.2% year over year.Net premiums earned- Surety: $36.44 million versus $36.3 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.Net premiums earned- Property: $126.38 million versus the three-analyst average estimate of $123.06 million. The reported number represents a year-over-year change of -4.7%.Net premiums earned- Casualty: $248.57 million versus the three-analyst average estimate of $247.52 million. The reported number represents a year-over-year change of +8.5%.View all Key Company Metrics for RLI Corp. here>>>
Shares of RLI Corp. have returned +0.7% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Key Takeaways RLI Q1 earnings missed estimates, with net income down 13.2% due to catastrophe losses RLI revenue rose 4.4% on higher premiums and investment income and surpassed consensus estimates.RLI casualty premiums grew 10%, while property and surety underwriting income declined. RLI Corp. (RLI - Free Report) reported first-quarter 2026 operating earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 13.2% from the prior-year quarter.
The quarterly results reflect underwriting strain from catastrophe losses, though investment income and casualty growth offer resilience.
Operational PerformanceOperating revenues for the reported quarter were $454 million, up 4.4% year over year, driven by higher net premiums earned and net investment income. The top line beat the Zacks Consensus Estimate by 1%.
Net investment income increased 15.2% year over year to $42.3 million. The Zacks Consensus Estimate was $40.2 million, while our estimate for the metric was pegged at $38.3 million. The investment portfolio’s total return was -0.4% in the quarter.
Total expenses increased 8% year over year to $385.7 million, primarily due to higher loss and settlement expenses and interest expense on debt. Our estimate was $349.4 million.
Underwriting income fell 18% year over year to $57.8 million. Our estimate was $71.4 million. The combined ratio deteriorated 370 basis points (bps) year over year to 86, reflecting higher catastrophe losses. Our estimate was 82.
Segmental ResultsCasualty lines’ GPW rose 10.3% year over year to $307.0 million. The figure was below our estimate of $300.9 million.
The underwriting income increased significantly to $7.3 million from $2.1 million, up 249% year over year, supported by strong premium growth. The combined ratio improved 200 bps year over year to 97.1%. The figure was below our estimate of 99%.
Property lines’ GPW fell 9.0% year over year to $154.8 million. The figure was below our estimate of $180.1 million.
The underwriting income declined to $48.2 million, down 15.3% primarily due to catastrophe losses and lower premium volumes. The combined ratio deteriorated 480 bps year over year to 61.9%. Our estimate was 55%.
Surety lines’ GPW remained largely flat at $42.1 million. The figure was on par with our estimate.
The underwriting income dropped sharply to $2.3 million from $11.6 million, reflecting weaker reserve development and higher expenses. The combined ratio worsened significantly to 93.7% from 68.5%, up 2,520 bps year over year. Our estimate was 74.7%.
Financial UpdateRLI exited the quarter with total investments and cash of $4.9 billion, up 4.8% from 2025-end.
Book value was $19.54 per share as of March. 31, 2026, up 1% from the figure as of Dec. 31, 2025.
Net cash flow from operations was $42.8 million, down 58.6% year over year.
The statutory surplus decreased 1.7% from 2025-end to $1.8 billion as of March. 31, 2025.
Return on equity was 22.5%, expanding 490 bps from the year-ago period.
Dividend UpdateOn March 16, 2026, the insurer paid a regular quarterly dividend of 16 per cent per share for the first quarter. RLI’s cumulative dividends totaled more than $1.1 billion, paid over the last five years.
Zacks RankRLI currently has a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Another InsurerThe Travelers Companies, Inc. (TRV - Free Report) reported first-quarter 2025 core income of $7.71 per share, which beat the Zacks Consensus Estimate by 10.5%. The bottom line surged fourfold year over year. Travelers’ total revenues remain flat from the year-ago quarter to $11.9 billion. The top-line figure, however, missed the Zacks Consensus Estimate by 3.7%.
Net written premiums increased 2% year over year to a record $10.3 billion, driven by strong growth across Business Insurance and Bond & Specialty Insurance segments. Net investment income increased 8.4% year over year to $1 billion. The figure matched the Zacks Consensus Estimate.
The Progressive Corporation (PGR - Free Report) first-quarter 2026 earnings per share of $4.96 beat the Zacks Consensus Estimate by 2.5%. The bottom line increased 6.7% year over year.
Operating revenues grew 8.2% year over year to $22.3 billion driven by 8% higher net premiums earned, a 12.7% increase in net investment income, a 3.5% rise in fees and other revenues, and 13.5% higher service revenues. The top line missed the Zacks Consensus Estimate by 1.2%. Net premiums earned grew 8% to $20.9 billion. The reported figure beat the Zacks Consensus Estimate by 1.5%.
W.R. Berkley Corporation (WRB - Free Report) reported first-quarter 2026 operating income of $1.30 per share, which beat the Zacks Consensus Estimate by 15%. The bottom line increased 28.7% year over year.
Total revenues were $ 3.7 billion, up 5% year over year, driven by higher net premiums earned, improved net investment income, higher revenues from non-insurance businesses and increased other income. The top line missed the consensus estimate by 0.28%. W.R. Berkley’s net premiums written were about $3.2 billion, up 1.3% year over year. The figure missed our estimate as well as the Zacks Consensus Estimate of $3.18 billion.
RLI (NYSE:RLI) reported another quarter of underwriting profitability to open 2026, posting an 86 combined ratio and 3% growth in gross premiums written as higher investment income helped offset increased catastrophe losses and a more competitive pricing environment in several lines.
President and CEO Craig Kliethermes said the company “feel[s] good about how we’ve started 2026,” calling results “still excellent, but a bit more tempered” compared with a strong first quarter last year, primarily due to catastrophe activity and the “normal variability that comes with taking on insurance risk.” He also described a marketplace influenced by broker-owned facilities and MGAs and pointed to “rate acceleration and market disruption in wheels-based products” as an area of opportunity if approached with discipline.
Quarterly results and investment performance Chief Financial Officer Aaron Diefenthaler said operating earnings were $0.83 per share, down from $0.89 in the year-ago quarter, reflecting “solid underwriting performance” and a 15% increase in investment income. On a GAAP basis, net earnings were $0.60 per share versus $0.68 last year.
Diefenthaler attributed the gap between operating earnings and GAAP net earnings to equity market performance, noting that the “largest driver of the differential” was a negative return in RLI’s equity portfolio and “$39 million of unrealized losses.” Total portfolio return was negative 0.4% for the quarter, with income partially offsetting price declines in both stocks and bonds. He added that fixed income purchase yields averaged 4.8%, about 60 basis points above the portfolio’s book yield, as the company focused on investment-grade fixed income amid market volatility.
Underwriting income totaled $58 million, supported by $35.5 million of favorable prior-year reserve development. This benefit was partially offset by $16 million of catastrophe losses and a higher underlying combined ratio, Diefenthaler said.
Segment performance: Casualty growth, property pressure, and variable surety results RLI’s casualty segment led top-line growth. Diefenthaler said casualty gross premium grew 10%, driven by Personal Umbrella and Commercial Transportation, both benefiting from rate increases. The segment posted a 97 combined ratio, improving by two points year over year, and included $14.5 million of favorable prior-year reserve development that was “broad-based,” with contributions from Executive Products, General Liability, Professional Services, and Transportation. Of the quarter’s $16 million in catastrophe losses, $2 million was attributed to packaged businesses in Casualty.
Property gross premium declined 9% due largely to rate decreases in E&S Property, although Marine and Hawaii Homeowners provided offsets. Property produced a 62 combined ratio, supported by $20.6 million of favorable prior-year reserve development, which Diefenthaler said provided a 16-point benefit to the segment’s loss ratio. Property catastrophe losses totaled $14 million, including storms in Hawaii.
Surety gross premium was down about 1%, and the segment reported a 94 combined ratio. Diefenthaler noted results were affected by “limited favorable prior year development compared to a strong release last year,” emphasizing that surety loss activity can be volatile and meaningfully influence results over short periods.
Operational updates: Pricing, competition, and underwriting posture COO Jennifer Klobnak said the company achieved “another quarter of underwriting profit” and maintained growth “even as market conditions have become more challenging.” She said casualty segment premium increased 10% and rates were also up 10%.
Personal Umbrella: Premium grew 23% and the rate increase was 16%. Klobnak said RLI expects increases to continue as recent approvals earn into the book. She also described the company’s shift in new business away from “more hazardous states like California, Florida, and New York” to “less litigious states like those in the Midwest” following pricing, commission, and producer-management actions. On California specifically, she cited a 20% rate increase effective Dec. 1 and said growth continues but “at a much smaller pace” after additional underwriting actions, including a higher attachment point and selective commission reductions. Transportation: Premium increased 27%, with auto liability renewal rate increases up 15%. Klobnak said growth was driven by new business opportunities with insureds that invest in risk management and where RLI could achieve adequate returns. She added that submissions were up 15% as competitors pulled back in some classes, and new claim counts were down 14% versus the first quarter of 2025. In response to analyst questions about severity risk, Klobnak emphasized risk selection and said RLI still declines about 90% of transportation submissions. E&S Casualty and General Liability: E&S Casualty premium was down 4%, which Klobnak attributed to a slower start in binding amid economic and construction-industry uncertainty, despite submissions being up 14%. In the Q&A, she described construction activity in parts of the Northeast as “a bit paused,” with project starts delayed by weather and other factors; she said the pipeline was “full” with more quotes out, but binding can take 6–12 months for some accounts. In property, Klobnak said E&S Property premium declined 16% as market capacity remained “plentiful.” She reported renewal rate change down 19% for hurricane and 16% for earthquake. She also said competition has increased from the admitted market, including programs targeting classes such as hotels and restaurants, and described competitors as sometimes waiving terms that RLI views as important to maintaining underwriting discipline.
Still, Klobnak said that while RLI is “giving back some rate,” accounts it binds are priced above technical benchmark pricing. She also noted reduced reinsurance costs and “manageable spring storm losses” supported results. In a later question on property net retention, Klobnak confirmed that an uptick was driven by lower reinsurance costs and said she did not anticipate “huge changes” in reinsurance for the remainder of the year.
Marine posted what Klobnak called its “largest premium quarter since inception,” with nearly $47 million in premium, up 4% year over year, alongside favorable reserve releases. Hawaii Homeowners premium and rates each rose 12% as the company responded to multiple Kona storm events using local claims staff, which she said can strengthen long-term relationships despite near-term impact on results.
In surety, Klobnak described a “very competitive” market, with contract and transactional lines showing single-digit growth offset by a small decline in commercial surety. She said one large contract surety loss from a prior-period claim affected results, calling it an isolated incident. Asked whether further adverse development is expected, she said RLI has reserved for “basically the worst-case scenario” and does not expect adverse development. In another exchange, management referenced a $5 million retention in relation to reinsurance for the surety loss.
Capital, cash flow, and ratings Diefenthaler said operating cash flow was $43 million, down $60 million from the prior-year quarter, impacted by tax credit purchase activity, bonuses paid, and higher paid losses. He also highlighted that the tax credit purchase contributed to an 18.5% effective tax rate.
On financing, Diefenthaler said the company raised $300 million of long-term debt in late February with a 5.375% coupon and 10-year maturity, which he said returned leverage to its historic average. RLI also repaid and upsized its revolving credit facility with PNC Bank, increasing backstop liquidity at the parent to $150 million.
Adjusting comprehensive earnings for dividends, Diefenthaler said book value per share increased 2% from year-end 2025. He also noted AM Best upgraded the RLI group to A++.
In closing remarks, Kliethermes reiterated that the environment “presents both opportunity and temptation” and said RLI’s focus remains on underwriting discipline and willingness to step back when risk-adjusted returns do not meet expectations. “We’re optimistic,” he said, “not because the environment is easy, but because we know how to operate in environments like this.”
About RLI (NYSE:RLI) RLI Corporation (NYSE:RLI) is a specialty property and casualty insurance company focused on underwriting niche risks for businesses and individuals. Headquartered in Peoria, Illinois, the company operates through a network of independent agents and brokers, offering customized coverage solutions. RLI’s approach emphasizes disciplined underwriting, targeted product development and strong customer service to maintain profitability and long-term growth.
Founded in 1965 as Replacement Lens, Inc, RLI initially provided insurance for contact lens manufacturers before shifting its focus to specialty insurance in the 1980s.
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PEORIA, Ill.--(BUSINESS WIRE)--RLI Corp. (NYSE: RLI) – RLI Corp. today announced that its Board of Directors declared a special cash dividend of $2.00 per share of common stock, which is expected to total approximately $184 million, and a regular quarterly cash dividend of $0.18 per share, a 12.5% increase over the prior quarter. The Board also authorized a new share repurchase program of up to $250 million of the company’s outstanding common stock. The company’s stock price was one of the factors in the Board’s decision to authorize the repurchase program.
“This share repurchase program, special dividend and 51st consecutive annual increase in our regular dividend reflect the strength of our business and our confidence in RLI’s long-term strategy,” said RLI Corp. President & CEO Craig W. Kliethermes.
Share “This share repurchase program, special dividend and 51st consecutive annual increase in our regular dividend reflect the strength of our business and our confidence in RLI’s long-term strategy,” said RLI Corp. President & CEO Craig W. Kliethermes. “These actions underscore our disciplined approach to capital management while maintaining the flexibility to invest in growth opportunities.”
Both dividends are payable on June 12, 2026, to shareholders of record as of May 29, 2026. RLI has increased its regular dividend in each of the past 51 years.
Repurchases under the program may be made from time to time in the open market, through privately negotiated transactions or by other means in accordance with applicable securities laws. There is no expiration date for the repurchase program. The timing, volume, and method of repurchases will depend on a variety of factors, including market conditions, share price and capital needs. The program does not obligate the company to acquire any specific number of shares and may be suspended or discontinued at any time. The company expects to fund repurchases through available cash and operating cash flow.
Except for historical information, this news release may include forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) including, without limitation, statements reflecting our current expectations about the future performance of our company or our business segments or about future market conditions. These statements are subject to certain risk factors that could cause actual results to differ materially. Various risk factors that could affect future results are listed in the company's filings with the Securities and Exchange Commission, including the Form 10-K Annual Report for the year ended December 31, 2025.
ABOUT RLI
RLI Corp. (NYSE: RLI) is a specialty insurer serving niche property, casualty and surety markets. The company provides deep underwriting expertise and superior service to commercial and personal lines customers nationwide. RLI’s products are offered through its insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company. All of RLI’s subsidiaries are rated A++ “Superior” by AM Best Company. RLI has paid and increased regular dividends for 51 consecutive years and delivered underwriting profits for 30 consecutive years. To learn more about RLI, visit www.rlicorp.com.
Key Takeaways RLI approved a $2 special dividend and raised its quarterly payout by 12.5%. RLI authorized a new $250M share repurchase program to boost shareholder returns. RLI marked its 17th straight special dividend and 51st annual regular dividend hike. RLI Corp.’s (RLI - Free Report) board of directors approved a special cash dividend of $2.00 per share, which is expected to amount to approximately $184 million. This specialty property-casualty insurer has been paying special dividends since 2011. The latest approval marks the 17th straight special dividend.
The board also approved a hike in the company’s quarterly dividend to enhance shareholder value. RLI will now pay out a dividend of 18 cents per share, reflecting an increase of 12.5% from the prior quarter.
RLI's board of directors authorized a new share repurchase program to return more value to investors. With the latest authorization, the board approved the issuance of up to $250 million of the company’s outstanding common stock.
This share repurchase program, special dividend and the 51st consecutive annual increase in the regular dividend reflect the strength of the business and the insurer’s confidence in the long-term strategy.
The special and the increased dividends will be paid out on June 12, 2026, to its shareholders of record as of May 29.
RLI’s Impressive Dividend HistoryRLI has been paying dividends for 198 consecutive quarters and has increased regular dividends for 51 straight years. Based on the stock’s May 14 closing price of $49.88, the new dividend will yield 1.28%, which is better than the industry average of 0.2%.
Financial Strength and Capital ManagementThis insurer is one of the industry’s most profitable P&C writers, with an impressive track record of delivering its 30th consecutive year of underwriting profitability. It remains focused on maintaining long-term industry-leading combined ratios and book value growth. RLI’s diversified product portfolio, focus on growth in specialty insurance lines via organic opportunities and acquisitions, and financial strength should continue to help boost shareholders’ returns.
The company has a strong balance sheet, with sufficient liquidity and strong cash flow, helping it meet the interests of the policyholders, enhance operations in the insurance sector and support long-term book-value growth. In February 2026, A M Best raised its financial strength rating to A+ (Excellent), while the outlook was revised to stable from positive. Ratings for its operating subsidiaries were upgraded to A++ (Superior) with a stable outlook. Its statutory surplus was $1.81 billion as of March 31, 2026. Net cash flow from operations was $42.8 million for the first three months of 2026.
RLI maintains a conservative underwriting and reserving policy and continues to achieve favorable reserve releases from the prior years. Return on equity, a profitability measure of how efficiently a company utilizes its shareholders' money, was 17.7% in the trailing 12 months, which compares favorably with the industry average of 7.3%.
Zacks Rank and Price PerformanceShares of this Zacks Rank #4 (Sell) property and casualty insurer have lost 34.1% in the past year compared with the industry’s decline of 6.8%.
Image Source: Zacks Investment Research
Other Insurers on the Same PathIn April 2026, board of directors of The Travelers Companies, Inc. (TRV - Free Report) declared a 14% increase in quarterly cash dividend to $1.25 per share, marking 22 consecutive years of dividend rise at a compound annual growth rate of 8% over that period. The dividend will be paid out on June 30, 2026, to shareholders of record as of June 10. This policy reflects management’s confidence in underlying earnings power and the durability of cash generation across cycles.
Backed by a solid capital position and operational excellence, Sun Life Financial Inc. (SLF - Free Report) announced a 4.3% increase in its dividend in May 2026 to reinforce the commitment to providing strong returns to shareholders. The amount will be paid out on June 30, 2026, to shareholders of record at the close of business on May 27. Its dividend payout ratio is targeted within the 40-50% range. The company repurchases shares, reflecting its strong cash and capital generation in its businesses. SLF remains focused on improving ROE while retaining flexibility for growth opportunities.
Stock to Consider A better-ranked stock from the property and casualty insurance industry is First American Financial Corporation (FAF - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
First American Financial's earnings have a solid track record of beating estimates in each of the last four quarters, with an average being 22.01%. In the past year, shares of FAF have climbed 11.4%. The Zacks Consensus Estimate for FAF’s 2026 and 2027 earnings implies year-over-year growth of 11% and 6.1%, respectively.
RLI Corp., a dividend aristocrat, has experienced an -18% YTD stock decline, raising questions about its valuation premium. RLI maintains more than 50 years of gradual dividend increases, supplemented by regular special dividends, supporting a strong shareholder return profile. Underwriting performance remains strong, with a combined ratio below 90%, reflecting resilience in niche P&C markets.
Key Takeaways CB lifted its annual dividend 5.2% to $4.08 per share, extending its dividend growth streak to 33 years. Chubb approved a new $7.5B share repurchase program effective July 2026. Strong cash flow, disciplined underwriting and a diversified business support steady capital returns. Chubb Limited’s (CB - Free Report) board of directors recently approved a 5.2% hike in its dividend to $4.08 per share annually or $1.02 per share quarterly. The first installment of this meatier dividend will be paid out on July 2, 2026, to shareholders of record as of June 12, 2026. This recent dividend hike marks the 33rd straight year of dividend increase.
Management also authorized a new $7.5 billion share repurchase program effective July 1, 2026. The existing approval remains in place until June 30, 2026.
CB’s Impressive Dividend HistoryCB has an impressive history of deploying capital that includes distributing wealth to shareholders via dividend raises and share buybacks. Dividend has increased at an eight-year (2018-2026) CAGR of 4.6%. Based on the stock’s May 21 closing price of $330.26, the new dividend will yield 1.18%, which is better than the industry average of 0.2%. This makes the stock an attractive pick for yield-seeking investors.
Financial Strength and Capital ManagementChubb Limited maintains a strong capital return strategy through consistent dividend payments and share repurchases, reflecting its solid earnings base, disciplined underwriting and robust cash generation.
Chubb Limited generates healthy cash flows from its diversified insurance operations across property and casualty (P&C), life insurance, accident and health, and reinsurance businesses. Stable premium growth and disciplined underwriting support consistent earnings, enabling steady capital returns.
Chubb boasts solid capitalization and liquidity levels, supported by strong reserve adequacy and financial discipline. Its healthy balance sheet allows the company to return excess capital to shareholders while maintaining sufficient reserves for catastrophe losses and growth initiatives.
Its diversified geographic footprint and broad product portfolio reduce earnings volatility, creating a stable financial base to sustain and gradually increase dividends while continuing repurchase programs over time.
Return on equity, a profitability measure of how efficiently a company utilizes its shareholders' money, was 14.3% in the trailing 12 months, which compares favorably with the industry average of 7.4%.
Zacks Rank and Price PerformanceShares of this Zacks Rank #3 (Hold) property and casualty insurer have gained 15% in the past year, outperforming the industry’s decline of 4.3% and the Finance sector’s growth of 12.8%.
Image Source: Zacks Investment Research
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Insurers on the Same PathIn April 2026, the board of directors of The Travelers Companies, Inc. (TRV - Free Report) declared a 14% increase in quarterly cash dividend to $1.25 per share, marking the 22nd consecutive year of dividend increases at a compound annual growth rate of 8% over that period. The dividend will be paid out on June 30, 2026, to shareholders of record as of June 10, 2026. This policy reflects management’s confidence in underlying earnings power and the durability of cash generation across cycles.
Backed by a solid capital position and operational excellence, Sun Life Financial Inc. (SLF - Free Report) announced a 4.3% increase in its dividend in May 2026 to reinforce its commitment to providing strong returns to shareholders. The amount will be paid out on June 30, 2026, to shareholders of record at the close of business on May 27. Its dividend payout ratio is targeted within the 40-50% range. The company repurchases shares, reflecting its strong cash and capital generation in its businesses. SLF remains focused on improving ROE while retaining flexibility for future growth opportunities.
In May 2026, RLI Corp.’s (RLI - Free Report) board of directors approved a special cash dividend of $2.00 per share, which is expected to amount to approximately $184 million. The latest approval marks the 17th straight special dividend. The board of RLI also approved a hike in the company’s quarterly dividend, reflecting an increase of 12.5% from the prior quarter. The board of directors authorized a new share repurchase program. With the latest authorization, the board approved the issuance of up to $250 million of the company’s outstanding common stock. RLI Corp. has a strong balance sheet, with sufficient liquidity and strong cash flow, helping it meet the interests of its policyholders and support long-term book-value growth.
A month has gone by since the last earnings report for RLI Corp. (RLI - Free Report) . Shares have lost about 3.5% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is RLI Corp. due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
RLI Q1 Earnings Miss Estimates, Investment Income Increases Y/Y
RLI Corp. reported first-quarter 2026 operating earnings of 83 cents per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 13.2% from the prior-year quarter. The quarterly results reflect underwriting strain from catastrophe losses, though investment income and casualty growth offer resilience.
Operational PerformanceOperating revenues for the reported quarter were $454 million, up 4.4% year over year, driven by higher net premiums earned and net investment income. The top line beat the Zacks Consensus Estimate by 1%.
Gross premiums written (GPW) increased 3% year over year to $503.9 million, driven by strong growth in the casualty segment (up 10%). Our estimate was $523.9 million.
Net investment income increased 15.2% year over year to $42.3 million. The Zacks Consensus Estimate was $40.2 million, while our estimate for the metric was pegged at $38.3 million. The investment portfolio’s total return was -0.4% in the quarter.
Total expenses increased 8% year over year to $385.7 million, primarily due to higher loss and settlement expenses and interest expense on debt. Our estimate was $349.4 million.
Underwriting income fell 18% year over year to $57.8 million. Our estimate was $71.4 million. The combined ratio deteriorated 370 basis points (bps) year over year to 86, reflecting higher catastrophe losses. Our estimate was 82.
Segmental ResultsCasualty lines’ GPW rose 10.3% year over year to $307.0 million. The figure was below our estimate of $300.9 million. The underwriting income increased significantly to $7.3 million from $2.1 million, up 249% year over year, supported by strong premium growth. The combined ratio improved 200 bps year over year to 97.1%. The figure was below our estimate of 99%.
Property lines’ GPW fell 9.0% year over year to $154.8 million. The figure was below our estimate of $180.1 million. The underwriting income declined to $48.2 million, down 15.3% primarily due to catastrophe losses and lower premium volumes. The combined ratio deteriorated 480 bps year over year to 61.9%. Our estimate was 55%.
Surety lines’ GPW remained largely flat at $42.1 million. The figure was on par with our estimate. The underwriting income dropped sharply to $2.3 million from $11.6 million, reflecting weaker reserve development and higher expenses. The combined ratio worsened significantly to 93.7% from 68.5%, up 2,520 bps year over year. Our estimate was 74.7%.
Financial UpdateRLI exited the quarter with total investments and cash of $4.9 billion, up 4.8% from 2025-end. Book value was $19.54 per share as of March. 31, 2026, up 1% from the figure as of Dec. 31, 2025. Net cash flow from operations was $42.8 million, down 58.6% year over year. The statutory surplus decreased 1.7% from 2025-end to $1.8 billion as of March. 31, 2025. Return on equity was 22.5%, expanding 490 bps from the year-ago period.
Dividend UpdateOn March 16, 2026, the insurer paid a regular quarterly dividend of 16 per cent per share for the first quarter. RLI’s cumulative dividends totaled more than $1.1 billion, paid over the last five years.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in fresh estimates.
VGM ScoresCurrently, RLI Corp. has a poor Growth Score of F, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a score of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise RLI Corp. has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
On June 10, 2026, RLI Corp (RLI) shares rose 3.2% to a current price of $53.94. This price movement comes amidst a 52-week range of $47.26 to $74.41, reflecting
Okta Inc (NASDAQ:OKTA) shares jumped 24% on Friday after the identity security company reported first-quarter results that topped Wall Street estimates and raised its full-year outlook, with analysts pointing to accelerating demand and an emerging artificial intelligence tailwind.
The San Francisco-based company posted revenue of $765 million for its fiscal first quarter of 2027, up 11% year-over-year and ahead of analyst estimates of $752 million.
Adjusted earnings per share came in at $0.91, beating the consensus estimate of $0.85. Subscription revenue rose 11% to $750 million, while free cash flow reached $271 million, representing a 35% margin.
Current remaining performance obligations, a closely watched indicator of near-term demand, grew 12% year-over-year to $2.5 billion, beating the midpoint of guidance by roughly two percentage points. Net revenue retention accelerated to 107% from 106% in the prior quarter.
Okta raised its full-year fiscal 2027 revenue guidance to a midpoint of $3.195 billion, up approximately $15 million from prior guidance and modestly above the consensus estimate of $3.186 billion. The company projected full-year adjusted EPS of $3.79 to $3.87 and a non-GAAP free cash flow margin of 27% to 28%.
For the second quarter, Okta guided revenue of $790 million to $794 million and adjusted EPS of $0.95 to $0.97.
Jefferies analysts called the second-quarter cRPO guidance a bullish signal and describing the valuation as attractive at 4.8 times estimated calendar 2027 revenue. The bank cited broad-based strength in new products, which represented approximately 25% of first-quarter bookings, along with improved channel partner contributions following Okta's strategic decision to reduce its emphasis on professional services.
Jefferies noted that if Okta follows its historical pattern of beating guidance, second-quarter cRPO growth could reach around 13% year-over-year, marking a second consecutive quarter of acceleration. The bank added that the uptick does not appear to be driven by agentic security products, characterizing that category as a more likely tailwind in fiscal 2028.
Okta stock is at critical resistance. Why is OKTA stock breaking out? Q1 Results Land Well Ahead Of ExpectationsOkta's latest quarter came in stronger than Wall Street anticipated. The company posted earnings of 91 cents per share, comfortably above the consensus estimate of 85 cents. Revenue reached $765 million, topping the Street's $751.88 million forecast.
The subscription backlog, or RPO, climbed to $4.72 billion, a 16% increase from last year. The near‑term portion of that backlog, known as cRPO, rose 12% to nearly $2.50 billion. Non‑GAAP operating income came in at $191 million, representing 25% of total revenue, showing meaningful operating leverage.
Guidance Moves Higher And Analysts RespondThe company also raised its full‑year outlook, lifting its fiscal 2027 adjusted EPS forecast to a range of $3.79 to $3.87. Revenue expectations were increased as well, now roughly projected between $3.19 billion and $3.21 billion.
Analysts responded quickly. BTIG's Gray Powell bumped his price target from $105 to $119, while Needham's Mike Cikos raised his from $90 to $120. Both firms reiterated Buy ratings, signaling confidence that Okta's execution and updated guidance justify a higher valuation.
The Technical PictureFor momentum, MACD is the cleaner read right now: it's above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain terms, when MACD is above its signal line, it suggests buyers are gaining control and pullbacks may be getting bought faster than they were before.
Key Support: $95.50 — a nearby level where buyers previously stepped in, and a reasonable "line in the sand" if the breakout starts to fade. OKTA Shares Are SoaringOKTA Price Action: Okta shares were up 25.88% at $119.23 at the time of publication on Friday. The stock is trading at a new 52-week high, according to Benzinga Pro.
Image: IgorGolovniov/Shutterstock
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Key Takeaways Okta beat Q1 estimates with EPS up 5.8% and revenue rising 11.2% year over year. OKTA ended Q1 with RPO of $4.719B, up 16%, reflecting strong subscription backlog. Okta raised FY27 revenue guidance to $3.185B-$3.205B, signaling steady growth ahead. Okta (OKTA - Free Report) posted first-quarter fiscal 2027 earnings of 91 cents per share, up 5.8% year over year, and surpassed the Zacks Consensus Estimate by 6.75%.
Revenues rose 11.2% from the year-ago quarter to $765 million, beating the Zacks Consensus Estimate by 1.82%. The uptick can be attributed to steady subscription momentum, which increased 11% year over year to $750 million, continuing to account for the vast majority of the top line. Professional services and other revenues were $15 million, unchanged from the year-ago quarter, underscoring how product-led growth is driving the quarter’s revenue cadence.
Location-wise, revenues from the United States contributed 83% to total revenues in the fiscal first quarter. The figure increased 11.15% year over year to $608 million. International revenues contributed 21.6% to total revenues. The figure increased 11.35% year over year to $157 million.
Okta stock gained 8.19% in the pre-market trading.
Okta’s Q1 Top-Line DetailsOkta ended the quarter with remaining performance obligations (RPO) of $4.719 billion, up 16% year over year, highlighting continued strength in contracted subscription backlog. Current RPO, which captures the portion expected to be recognized over the next 12 months, rose 12% year over year to $2.499 billion.
Customers with more than $100K in Annual Contract Value increased 6% year over year to 5,180. The dollar-based retention rate for the trailing 12 months was 107%, down 1% year over year.
Okta’s Q1 Operating DetailsFirst-quarter fiscal 2026 non-GAAP gross margin decreased 30 basis points (bps) on a year-over-year basis to 82%.
As a percentage of revenues, research and development expenses increased 40 bps year over year to 15.9%. General and administrative expenses decreased 170 bps year over year to 9%. Sales and marketing expenses increased 290 bps year over year to 31.6%.
Non-GAAP operating margin contracted 180 bps year over year to 25% in the reported quarter.
Okta’s Balance SheetOkta had $2.589 billion in cash, cash equivalents and short-term investments as of April 30, 2026.
Net cash provided by operating activities was $277 million, or 36% of revenue, while free cash flow was $271 million, or 35% of revenue.
In the first quarter of fiscal 2027, the company also returned capital to shareholders during the quarter, including $248 million of common stock repurchases.
OKTA’s Outlook Calls for Steady Expansion in Fiscal 2027For the second quarter of fiscal 2027, Okta expects revenues in the range of $790-$794 million, implying 9% year-over-year growth. The company expects non-GAAP diluted net income per share between 95 cents and 97 cents, free cash flow of $155-$165 million and a free cash flow margin of 20%-21%.
For the full year, management raised the framework around steady top-line expansion, guiding revenues in the range of $3.185-$3.205 billion, or 9%-10% growth year over year. Okta also expects non-GAAP diluted net income per share of $3.79-$3.87 and free cash flow of $855-$885 million, while noting an approximately one-percentage-point headwind to total revenue growth tied to accelerating the shift of professional services work to partners.
OKTA’s Zacks Rank & Stocks to ConsiderOkta currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Computer and Technology sector are Applied Materials (AMAT - Free Report) , Celestica (CLS - Free Report) and Amphenol (APH - Free Report) . Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Applied Materials have surged 75% year to date. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.02 per share, up 9 cents over the past seven days. This indicates a 27.6% year-over-year surge.
Shares of Celestica have gained 19.7% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $10.16 per share, up 13.6% over the past 30 days. This indicates a year-over-year jump of 67.93%.
Amphenol shares have risen 9.6% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up 10.9% over the past 30 days. This indicates a year-over-year increase of 42.51%.
The software identity provider posted calculated remaining performance obligations (cRPO) growth of 12% year-over-year to $2.499 billion. The company also raised its fiscal 2027 revenue outlook to $3.185 billion to $3.205 billion, modestly above the consensus estimate of $3.184 billion.
AI Agents Spark’ Record Pipeline’Wall Street analysts noted that while Okta’s newly launched AI security solutions are not yet major revenue contributors, they are driving unprecedented customer interest.
In a note issued Friday, Gray Powell of BTIG highlighted management’s commentary regarding the opportunity to secure AI agents, noting that the product’s pipeline is already” ‘bigger than anything we’ve ever seen.'” Powell reiterated a Buy rating on Okta and lifted the price forecast from $105 to $119.
RBC Capital Markets’ Matthew Hedberg echoed this bullish sentiment, stating, “Early traction with agentic security remains encouraging and could represent a source of upside as we believe it’s immaterial in guidance.” Hedberg maintained an Outperform rating and boosted the price forecast to $122.
Go-To-Market Specialization Yields ResultsAnalysts pointed to structural sales changes implemented in early fiscal 2026—which split operations into dedicated Okta sellers for security/IT and Auth0 sellers for developers—as a core driver of execution.
According to a report by Needham, the company “continues to benefit from go-to-market specialization implemented at the start of last year, which has resulted in more consistent execution; improving sales productivity; strong pipeline build; and lower Account Executive attrition.” Needham maintained its Buy rating and raised its price forecast from $90 to $120.
Emerging Product Portfolio Scales UpGuggenheim Securities emphasized that Okta’s Net Retention Rate (NRR) ticked upward sequentially from 106% to 107%, signaling strong cross-selling execution for Okta Identity Governance (OIG) and Okta Privileged Access (OPA).
Guggenheim analysts John DiFucci and Lawrence Vensko observed, “the current opportunity to cross-sell OIG and OPA and other emerging products into the customer base seems to be playing out.” The firm reiterated its Buy rating with a $138 price forecast, calling the company “a grossly undervalued asset.”
RBC Capital Markets detailed that the new product portfolio accounted for roughly 25% of first-quarter bookings, introducing a “~40% uplift when a new product is included in a deal.”
Wall Street Shifts Price Forecasts HigherA broad cohort of financial institutions adjusted their valuation models upwards following the Friday recap. Among the major updates:
OKTA Price Action: Okta shares were up 27.98% at $121.22 at the time of publication on Friday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Okta (OKTA) has reached a new 52-week high following its impressive Q1 (April) earnings report. The identity security firm surpassed earnings per share (EPS)
The "SaaSpocalypse" may not be over. But for now at least, fears of software's demise have cooled.
Software stocks soared this week, driven by strong results from Snowflake and Okta, signaling that some companies are navigating their way through artificial intelligence disruption better than Wall Street expected.
The iShares Expanded Tech-Software exchange-traded fund rose 8% this week and closed May up 21%, the best monthly performance for the ETF since October 2001. Back then it was a brief rebound during the dot-com bust, while the current rally comes as concerns about the impact of AI ripple across the sector.
Software names have been hit particularly hard over the past year due to the boom in so-called vibe coding, with users able to now build apps and websites in minutes thanks to offerings from Anthropic, OpenAI and others.
With this month's rally, the iShares software ETF is only down 3.8% for the year, still badly trailing the Nasdaq, which has gained 18% in 2026.
watch now
Data platform provider Snowflake was a big driver this week, logging its best day ever on Thursday and gaining nearly 50% in the four trading days following the holiday on Monday. The company announced a $6 billion cloud and chip deal with Amazon and raised guidance as customers gravitate toward more AI tools.
"We're also seeing customers deploy and scale workloads at a faster pace," CEO Sridhar Ramaswamy told analysts on the company's earnings call.
Analysts at Argus Research called Snowflake a "picks and shovels" play on generative AI and lifted their price target to $300 from $250. The stock closed Friday at $255.55 and is now up 17% for the year.
"We think Snowflake may actually be a beneficiary of GenAI development as enterprises increasingly need to unify and harmonize data, Snowflake's core business, in order to exploit the benefits of GenAI," the analysts wrote in a report after earnings.
Okta was another big winner with investors, gaining a record 30% on Friday. The company reported better-than-expected results, and said the shift to agentic AI is forcing businesses to invest in identity security tools and scale defenses against a wave of bot armies.
"AI products are going to take longer, but every organization is going to build and deploy agents," Okta CEO Todd McKinnon told CNBC. "It's fundamental infrastructure that's going to be required over the next few years."
Elsewhere in the software space, Atlassian climbed 26% for the week and ServiceNow surged over 20%, while Shopify, Workday and Asana each gained at least 14%.
Among the software giants that are also selling cloud infrastructure, Oracle jumped 16% and Microsoft rose almost 8%. However, Microsoft is still down almost 7% for the year, the worst performance among tech's megacaps.
Shares of Okta (OKTA +0.20%) rocketed higher on Friday after the identity management leader highlighted its massive artificial intelligence (AI)-driven expansion opportunity.
Image source: Getty Images.
This cyber sentinel is a cash-generating machine Okta's revenue rose 11% year over year to $765 million in its fiscal 2027 first quarter, which ended on April 30.
Chief financial officer Brett Tighe said successful new product launches are helping the cybersecurity specialist win more business from corporate customers. He spotlighted Okta Identity Governance, which integrates access management, automation, and compliance tools into a single unified platform.
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All told, Okta's adjusted net income increased 6% to $168 million, or $0.91 per share. That topped Wall Street's estimates, which had called for per-share profits of $0.85.
Better still, Okta continues to crank out free cash flow, to the tune of $271 million in the first quarter.
AI is expanding Okta's addressable market Looking ahead, management guided for full-year revenue growth of roughly 10% to $3.2 billion, with adjusted earnings per share of $3.79 to $3.87 and free cash flow of $855 million to $885 million.
But what really got investors excited was management's comments about how agentic AI is fueling Okta's growth.
"AI agents are rapidly becoming a new workforce inside every organization, creating a wave of identities that must be secured and governed alongside human users," CEO Todd McKinnon said.
Okta, in turn, is investing strategically to position itself as an indispensable cyber guardian for AI agents.
"We're expanding our opportunity as the world's leading independent and neutral identity provider and helping customers make identity the unified control plane for their secure agentic enterprise," McKinnon said.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Okta. The Motley Fool has a disclosure policy.
Okta (OKTA - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this cloud identity management company have returned +62.7%, compared to the Zacks S&P 500 composite's +6.3% change. During this period, the Zacks Security industry, which Okta falls in, has gained 52%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Okta is expected to post earnings of $0.96 per share, indicating a change of +5.5% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $3.8 points to a change of +8.6% from the prior year. Over the last 30 days, this estimate has changed +0.4%.
For the next fiscal year, the consensus earnings estimate of $4.22 indicates a change of +11.2% from what Okta is expected to report a year ago. Over the past month, the estimate has remained unchanged.
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 #2 (Buy) for Okta.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven 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 Okta, the consensus sales estimate for the current quarter of $792.04 million indicates a year-over-year change of +8.8%. For the current and next fiscal years, $3.19 billion and $3.48 billion estimates indicate +9.3% and +8.9% changes, respectively.
Last Reported Results and Surprise HistoryOkta reported revenues of $765 million in the last reported quarter, representing a year-over-year change of +11.2%. EPS of $0.91 for the same period compares with $0.86 a year ago.
Compared to the Zacks Consensus Estimate of $751.34 million, the reported revenues represent a surprise of +1.82%. The EPS surprise was +7.06%.
The company beat consensus EPS estimates in each of the trailing four quarters. 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.
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.
Okta is graded D on this front, indicating that it is trading at a premium 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 Okta. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
Okta (OKTA) is rated a Buy, supported by improved execution, strong free cash flow margins, and attractive valuation relative to security SaaS peers. Q1 revenue grew 11% to $765 million, with net retention at 107% and future contracted revenue (RPO) up 16%, indicating robust customer engagement. Management guides for 9% revenue growth, mid-20s non-GAAP operating margins, and Rule of 40 performance at 42%, signaling confidence in sustained profitability.
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Okta (OKTA - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Okta currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for OKTA that show why this cloud identity management company shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For OKTA, shares are up 33.64% over the past week while the Zacks Security industry is up 6.76% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 80.98% compares favorably with the industry's 31.74% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Okta have increased 75.37% over the past quarter, and have gained 33.48% in the last year. On the other hand, the S&P 500 has only moved 10.8% and 30.05%, respectively.
Investors should also pay attention to OKTA's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. OKTA is currently averaging 4,231,550 shares for the last 20 days.
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with OKTA.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost OKTA's consensus estimate, increasing from $3.79 to $3.80 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that OKTA is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Okta on your short list.
Todd McKinnon, Okta CEO, discusses his outlook for the cyber security industry in the wake of Anthropic's Mythos model and concerns around its impact on security. He also says he thinks worries of a SaaSpocalypse are "overblown.
Cybersecurity earnings delivered a sharp split this week, even as three major names all topped expectations and raised their outlooks. The difference came down to quality, guidance, and confidence in the AI opportunity.
One company delivered a clean quarter and showed clear signs of AI-driven momentum, sending shares higher. Two others sold off as investors focused on softer spots beneath the headline beats. Here are the key takeaways from the latest round of cybersecurity earnings.
The latest cybersecurity earnings reports show that investors are rewarding clean execution—and punishing anything less.
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Okta Surges on a Clean Beat and AI Agent Identity MomentumOkta Today
$117.50 0.00 (0.00%)
As of 12:54 PM Eastern
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52-Week Range$62.66▼
$142.35P/E Ratio85.27
Price Target$114.14
Identity and access management giant Okta NASDAQ: OKTA was the standout in this cybersecurity earnings cycle.
The day after Okta's fiscal Q1 2027 earnings report was released, the stock popped 30% and then climbed another 13% the next day, for a total two-day gain of nearly 48%.
The firm saw revenue grow by just over 11% year over year (YOY) to $765 million, handily beating estimates near $752 million.
Adjusted earnings per share (EPS) rose by 6% YOY to 91 cents. This was much better than analyst expectations of 85 cents, which implied a decline of 1% YOY.
Adding to the positives, Okta also raised the midpoints of both its full-year revenue and adjusted operating margin guidance. These figures each increased by 50 basis points to 9.5% YOY and 25.5%, respectively.
Notably, current remaining performance obligations (RPOs) rose 12% YOY, while total RPOs grew 16% YOY. Both figures ran ahead of revenue growth, pointing to building demand momentum.
Importantly, the company noted strong demand for its AI agent identity offerings, which was key to the stock’s rise. As companies deploy more AI agents, they need tools to verify, govern, and secure nonhuman users alongside employee identities. If Okta can become a preferred identity layer for AI agents, the company may gain a stronger role in enterprise cybersecurity budgets.
Okta, Inc. (OKTA) Price Chart for Friday, June, 12, 2026
Zscaler Sells Off as Guidance Raises Growth and Cash Flow QuestionsZscaler Today
$127.76 +1.65 (+1.31%)
As of 12:54 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$114.63▼
$336.99Price Target$214.33
On the flip side, zero-trust cloud security provider Zscaler NASDAQ: ZS was punished after earnings as investors looked past its beat-and-raise results and focused on concerns beneath the headline numbers.
Overall, the stock plummeted more than 31% after its fiscal Q3 2026 earnings report was released and did not see a substantial recovery in the following days.
This came despite Zscaler posting significant beats on both the top and bottom line. Revenue came in at over $850 million, rising by 25% YOY, and was well above estimates of $835 million. Adjusted EPS grew even more by 28% YOY to $1.08, solidly above analysts' expectations of $1.01.
The company’s guidance included both positives and negatives. The company raised its full-year revenue growth forecast to 24.6% to 24.7%, up from its prior view of 24%. However, management framed its growth outlook as cautious, given the recent departure of two top sales leaders
The bigger concerns came from profitability and future growth. Zscaler lowered its free cash flow margin outlook, with the midpoint falling from 26.75% to 23.1%. It also guided for 16% to 17% annual recurring revenue growth next fiscal year, a sharp slowdown from its current-year ARR growth expectation of 24%.
With the stock trading at more than 40x earnings heading into the report, investors had little patience for signs of margin pressure and slowing growth.
Despite Zscaler’s massive post-earnings drop, Wall Street analysts are pointing to a big-time recovery ahead. The MarketBeat consensus price target on Zscaler currently sits near $216, implying more than 65% upside in shares. However, targets did move down meaningfully after the report. The average of updated targets is approximately $193—still implying very strong upside of almost 50%. Introducing quality replacements for its lost sales leaders could help the company raise its growth forecasts in the future.
Zscaler, Inc. (ZS) Price Chart for Friday, June, 12, 2026
CrowdStrike Slips as a Strong Report Runs Into a High BarCrowdStrike Today
$685.75 -5.78 (-0.84%)
As of 12:54 PM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$342.72▼
$785.66Price Target$692.71
One of the biggest names in cybersecurity, CrowdStrike NASDAQ: CRWD, also tumbled after reporting its fiscal Q1 2027 report.
Overall, the stock took a 7% hit, despite CrowdStrike posting two beats and a raise.
However, when considering the extremely strong run CrowdStrike shares had going into the report, this drop was small. Just prior to the report, CrowdStrike shares were up more than 80% in Q2 2026.
Revenue grew by 26% YOY to $1.39 billion, moderately exceeding estimates of $1.36 billion. EPS rose by a whopping 51% YOY to $1.10, beating analyst estimates of $1.07.
CrowdStrike also increased its net new ARR growth guidance for its full fiscal year by a very significant 520 basis points to 27.7%. The company now expects net new ARR growth to accelerate compared to the prior year.
Furthermore, the company noted that Anthropic’s Mythos model has “created an inflection point around ARR for our business.” CrowdStrike is one of the few companies with access to Anthropic’s most advanced model. With early access, they are among the best-positioned companies to fight back against the highly advanced AI cyber threat potential that Mythos brought to the forefront. Notably, CrowdStrike says its AI detection and response pipeline rose by more than 250% in one quarter to more than $50 million.
CrowdStrike (CRWD) Price Chart for Friday, June, 12, 2026
Should You Invest $1,000 in Okta Right Now?Before you consider Okta, you'll want to hear this.
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Key Takeaways Okta grew RPO 16% to $4.72B and increased revenues 11% to $765M in fiscal Q1.OKTA sees strong AI identity demand as enterprises seek governance and security for AI agents.Okta is driving cross-sell opportunities as AI customers adopt broader identity and access products. OKTA (OKTA - Free Report) reported a strong first-quarter fiscal 2027 performance, with its growth story increasingly anchored in two key drivers: a strengthening backlog and an expanding artificial intelligence (AI) identity opportunity. Together, these factors are shaping both near-term visibility and long-term growth expectations.
A key highlight from the first quarter of fiscal 2027 was robust backlog expansion. Remaining Performance Obligations (“RPO”) rose 16% year over year to $4.72 billion, while current RPO (cRPO), reflecting revenues expected over the next 12 months, increased 12%. This growth signals strong enterprise demand and provides high visibility into future subscription revenues. Combined with 11% year-over-year revenue growth to $765 million and subscription revenues of $750 million, up 11% year over year, the backlog trend reinforces the durability of Okta’s core identity business.
AI is emerging as a transformational growth lever. Management emphasized that AI agents are rapidly becoming a new category of enterprise identity, requiring governance, authentication and lifecycle control. Okta’s “AI for agents” and Auth0 AI solutions are positioned to secure this emerging layer by treating AI agents as first-class identities. Although still in the early stages of monetization, AI-related pipeline activity is described as the strongest ever for a new product cycle, indicating significant future upside.
AI is also acting as a catalyst for Okta’s broader platform. Customers adopting AI governance solutions are increasingly expanding into identity governance, privileged access and workforce identity products, creating meaningful cross-sell opportunities. This platform pull-through is strengthening Okta’s role as a unified identity control layer across enterprises.
The outlook for Okta is supported by growing AI adoption, broader enterprise use and the steady conversion of backlog into revenues. AI is still at an early stage, but demand is rising, deal sizes are increasing and customer interest is growing. Okta is expected to see stronger subscription growth and benefit from a new wave of AI-driven identity security, which may expand its long-term market opportunity. For the second quarter of fiscal 2027, the company expects revenues between $790 million and $794 million, suggesting year-over-year growth of 9%, and current RPO in the range of $2.505 billion to $2.515 billion, representing year-over-year growth 11%.
Okta Faces Rising Pressure in IAM SpaceOkta is facing significant competition from Microsoft (MSFT - Free Report) and SailPoint (SAIL - Free Report) in the identity and access management (IAM) domain.
Microsoft continues to strengthen its enterprise identity and governance capabilities through Agent 365, a control plane that extends existing governance, identity, security and management frameworks to AI agents. The company disclosed that thousands of organizations are already managing millions of agents through Agent 365. As enterprises increasingly deploy AI agents across workflows, Microsoft expects demand for identity, governance and security tools to grow significantly. Combined with its broader AI, cloud and productivity ecosystem, this positions Microsoft to play a central role in securing and managing the emerging agentic computing environment.
Okta faces increasing competitive pressure in the Identity and Access Management (“IAM”) market from SailPoint’s expanding identity security platform. During its fourth quarter of fiscal 2026, SailPoint highlighted its leadership in adaptive identity security, supported by more than $1.1 billion in ARR and 38% SaaS ARR growth. The company believes the rise of AI agents and non-human identities is creating a major market expansion opportunity that traditional identity solutions may struggle to address. SailPoint’s AI Security, Machine Identity Security and Data Access Security offerings are gaining traction, with more than 500 innovation-related deals closed. Its deep governance capabilities, extensive entitlement-level integrations and growing focus on real-time identity intelligence position SailPoint as a strong challenger in the evolving IAM landscape.
OKTA’s Price Performance, Valuation & EstimatesShares of Okta have appreciated 35.2% year to date compared with the Zacks Security industry’s return of 39.7%.
OKTA's YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation perspective, Okta, trading at a forward Price/Cash Flow ratio of 22.57, is slightly higher than the broader Zacks Computer and Technology sector’s 22.22X. OKTA has a Value Score of D.
OKTA Forward 12-Month Price/CF Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for OKTA’s second-quarter fiscal 2027 earnings is pegged at 96 cents per share, up 1 cent over the past 30 days, indicating 5.49% year-over-year growth.
The consensus mark for fiscal 2027 earnings is pegged at $3.83 per share, up 4 cents over the past 30 days. The earnings figure suggests 9.43% growth over the figure reported in fiscal 2026.
OKTA stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Okta (OKTA - 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.
Over the past month, shares of this cloud identity management company have returned +45%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Security industry, which Okta falls in, has gained 25.6%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Okta is expected to post earnings of $0.96 per share, indicating a change of +5.5% from the year-ago quarter. The Zacks Consensus Estimate has changed +8.6% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $3.83 points to a change of +9.4% from the prior year. Over the last 30 days, this estimate has changed +8.1%.
For the next fiscal year, the consensus earnings estimate of $4.28 indicates a change of +11.8% from what Okta is expected to report a year ago. Over the past month, the estimate has changed +1.4%.
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, Okta 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 ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Okta, the consensus sales estimate of $792.14 million for the current quarter points to a year-over-year change of +8.8%. The $3.2 billion and $3.5 billion estimates for the current and next fiscal years indicate changes of +9.5% and +9.6%, respectively.
Last Reported Results and Surprise HistoryOkta reported revenues of $765 million in the last reported quarter, representing a year-over-year change of +11.2%. EPS of $0.91 for the same period compares with $0.86 a year ago.
Compared to the Zacks Consensus Estimate of $751.34 million, the reported revenues represent a surprise of +1.82%. The EPS surprise was +7.06%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
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.
Okta is graded F on this front, indicating that it is trading at a premium 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 Okta. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
NEW YORK--(BUSINESS WIRE)--Versant Media Group, Inc. (Nasdaq: VSNT) today announced that Anand Kini, Chief Financial Officer and Chief Operating Officer, is scheduled to present on June 2, 2026, at 9:10 a.m. PT at the 2026 Evercore Global TMT Conference in San Francisco, CA.
A live webcast of the presentation will be available on the Versant Media Investor Relations website at investors.versantmedia.com. A replay of the webcast will be available on the website for a limited time following the conclusion of the presentation.
To automatically receive Versant financial news by email, please visit the Investor Relations website and subscribe to email alerts.
About Versant
Versant (Nasdaq: VSNT) is an industry-changing media and entertainment business and home to trusted brands that shape culture, inform audiences, and build lasting connections. It operates across four core markets: political news and opinion, business news and personal finance, golf, and sports and genre entertainment. These markets are served through a powerful portfolio of iconic and innovative brands, including CNBC, MS NOW, USA Network, Golf Channel, Oxygen, E!, SYFY, along with complementary digital assets including Fandango, Rotten Tomatoes, GolfNow, and GolfPass. Visit www.VersantMedia.com for more information.
NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Clay McCoy has joined the firm as a senior managing director in its private capital advisory (PCA) group, based in New York.
“We are pleased to welcome Clay to Evercore,” said Nigel Dawn, global head of Evercore’s private capital advisory business. “He brings deep infrastructure secondaries expertise, strong market relationships and a proven ability to advise clients in complex markets. As the secondary market continues to expand across asset classes, Clay will further strengthen our ability to deliver tailored liquidity solutions to sponsors and investors.”
“Evercore has built a leading global platform in private capital advisory, and I am thrilled to be joining at an important stage in the market’s evolution,” said Mr. McCoy. “As secondaries continue to grow in importance as a portfolio management tool for sponsors and investors, I look forward to working with clients to address a wide range of liquidity and portfolio management objectives, particularly in infrastructure and energy.”
Mr. McCoy joins Evercore from Campbell Lutyens, where he was a managing director and led North American infrastructure secondaries advisory. Previously, he was a director at Solomon Partners, where he advised on a range of private capital and M&A transactions. Earlier in his career, Mr. McCoy held roles at RBC Capital Markets and Bank of America Merrill Lynch.
Mr. McCoy earned a Master of Science in accountancy from Wake Forest University and a Bachelor of Arts in economics and commerce and psychology from Hampden-Sydney College.
About Evercore
Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.
Evercore (NYSE: EVR) announced today that Clay McCoy has joined the firm as a senior managing director in its private capital advisory (PCA) group, based in Ne
On May 20, 2026, Evercore Inc (EVR) shares rose 4.4% to a current price of $337.55, showing a significant recovery in the wake of a challenging month that saw a
Medincell (Euronext Paris: MEDCL), a commercial- and clinical-stage biopharmaceutical licensing company developing long-acting injectable treatments, today announced that Christophe Douat, Chief Executive Officer, and Grace Kim, Chief Strategy Officer, U.S. Finance, will participate in the following leading U.S. investor conferences:
Jefferies Annual NY Biotech Conference
Dates: June 2-4, 2026 Location: New-York Presentation: 9:55 AM ET June 4, 2026 Live webcast and replay:
https://event.summitcast.com/view/NgCqua4VVQjq9ibVWHVWca/Bz7fjGhGyU3meEzqRduiXr Evercore Summer Symposium
Dates: June 22-24, 2026 Location: Newport, Rhode Island To schedule a meeting, please contact the conference organizers or reach out directly to Medincell.
About Medincell
Medincell is a clinical- and commercial-stage biopharmaceutical licensing company developing long-acting injectable treatments across multiple therapeutic areas. Our innovative treatments are designed to ensure adherence to medical prescriptions, enhance the effectiveness and accessibility of medicines, and reduce their environmental impact.
These treatments combine active pharmaceutical ingredients with our proprietary BEPO® / BEPO® Star technologies, which enables controlled drug delivery at therapeutic levels for several days, weeks, or months following a subcutaneous or local injection of a small, fully bioresorbable depot.
Risperidone LAI was the first treatment based on BEPO® technology to receive FDA approval, initially for schizophrenia in April 2023, and subsequently for Bipolar I Disorder in October 2025. It is marketed in the United States by Teva under the brand name UZEDY®. Medincell’s risperidone LAI was also approved for schizophrenia in Canada and South Korea in 2025.
A New Drug Application (NDA) for Olanzapine LAI as a once-monthly treatment for schizophrenia in adults was submitted to the U.S. FDA in December 2025 by Medincell’s partner, Teva. U.S. FDA accepts Teva’s New NDA for Olanzapine LAI on February 20, 2026.
Medincell’s investigational pipeline includes numerous innovative therapeutic candidates in various stages of development, from formulation to Phase 3 clinical trials. We collaborate with leading pharmaceutical companies and foundations to advance global health through new treatment options.
Headquartered in Montpellier, France, Medincell employs over 140 people representing more than 25 nationalities.
medincell.com
UZEDY® is a trademark of Teva Pharmaceuticals. Medincell’s BEPO® technology is licensed to Teva as SteadyTeq™, a trademark of Teva Pharmaceuticals.
This press release may contain forward-looking statements, particularly concerning the progress of the Company's clinical trials. Although the Company considers that its forecasts are based on reasonable assumptions, any statements other than statements of historical fact that may be contained in this press release relating to future events are subject to change without notice, to factors beyond the Company's control and to the Company's financial capabilities.
These statements may include, but are not limited to, any statements beginning with, followed by or including words or expressions such as "objective", "believe", "expect", "aim", "intend", "may", "anticipate", "estimate", "plan", "project", "will", "may", "probably", "should", "could" and other words or expressions of similar meaning or used in the negative. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company's control which may cause actual results, performance or achievements of the Company to differ materially from those anticipated or implied by such statements.
A list and description of such risks, hazards and uncertainties can be found in the documents filed by the Company with the Autorité des Marchés Financiers (AMF) pursuant to its regulatory obligations, including in the Company's document de base, registered with the AMF on September 4, 2018 under number I. 18-062, as well as in documents and reports to be published subsequently by the Company. Furthermore, these forward-looking statements only apply as of the date of this press release. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, the Company undertakes no obligation to publicly update these forward-looking statements, nor to update the reasons why actual results may differ materially from those anticipated in the forward-looking statements, even if new information becomes available. The Company's updating of one or more forward-looking statements does not imply that it will or will not update these or any other forward-looking statements.
This press release is published for information purposes only. The information contained herein does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for securities of the Company in any jurisdiction whatsoever, particularly in France. Similarly, this press release does not constitute investment advice and should not be treated as such. It is not intended to address the investment objectives, financial situation or specific needs of any particular recipient. It should not be relied upon as a substitute for the exercise of your own judgement. All opinions expressed in this document are subject to change without notice. The distribution of this press release may be restricted by law in certain jurisdictions. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions.
BELLEVUE, Wash.--(BUSINESS WIRE)--Peter Osvaldik, chief financial officer of T-Mobile US, Inc. (NASDAQ: TMUS), will present and provide a business update on Tuesday, June 2, 2026 at 12:30 p.m. Pacific Time (PT) at the 2026 Evercore TMT Global Conference.
A live webcast of the event will be available on the Company’s Investor Relations website at https://investor.t-mobile.com. An on-demand replay will be available shortly after the conclusion of the presentation.
To automatically receive T-Mobile financial news by e-mail, please visit the T-Mobile Investor Relations website, https://investor.t-mobile.com, and subscribe to E-mail Alerts.
About T-Mobile US, Inc.
As the supercharged Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is powered by an award-winning 5G network that connects more people, in more places, than ever before. With T-Mobile’s unique value proposition of best network, best value and best experiences, the Un-carrier is redefining connectivity and fueling competition while continuing to drive the next wave of innovation in wireless and beyond. Headquartered in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Mint Mobile. For more information please visit: https://www.t-mobile.com.
