RASONQUE v klinické studii fáze 3 prodloužil medián celkového přežití u dříve léčených pacientů s metastatickým karcinomem slinivky na 13,2 měsíce oproti 6,7 měsíce ve skupině léčené chemoterapií.
Expanding on the unprecedented final results previously reported from the Phase 3 RASolute 302 trial, the exploratory subgroup analyses showed RASONQUE consistently provided an overall survival benefit compared with chemotherapy across key subgroups, including patients with no identified tumor RAS mutationFindings presented as late-breaking abstract during Proffered Paper session REDWOOD CITY, Calif., Oct. 23, 2026 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a global, commercial-stage oncology company dedicated to discovering, developing and delivering innovative medicines for patients with RAS-addicted cancers, today announced that exploratory subgroup analyses from the Phase 3 RASolute 302 trial were presented as a late-breaking abstract at the European Society for Medical Oncology (ESMO) Congress 2026 in Madrid, Spain. The analyses showed that RASONQUE (daraxonrasib) consistently provided an overall survival (OS) benefit compared with chemotherapy across all evaluated RAS genotype subgroups among patients with previously treated metastatic pancreatic adenocarcinoma (PDAC), including those with no identified tumor RAS mutation. The OS benefit with RASONQUE was also maintained across preselected standard-of-care (SOC) chemotherapy regimens and prior treatment settings, including early metastatic recurrence following perioperative therapy.
“For people living with metastatic pancreatic cancer, progression after initial treatment can be devastating, with limited options and a poor prognosis,” said Zev A. Wainberg, M.D., Professor of Medicine at UCLA and co-director of the UCLA GI Oncology Program, RASolute 302 investigator and presenter of the data at ESMO. “The analysis presented at ESMO reinforces the unprecedented and statistically significant survival benefit of daraxonrasib observed in the overall study population of the RASolute 302 trial. The overall survival benefit was seen consistently across all evaluated tumor RAS profiles, underscoring the potential of daraxonrasib to benefit the broad population of patients with this devastating disease.”
In the RASolute 302 trial, patients were randomized to receive either RASONQUE 300 mg once daily (n=248) or investigator’s choice of standard chemotherapy (n=252). These exploratory subgroup analyses were derived from the prespecified primary analysis of RASolute 302, conducted at the February 10, 2026 data cutoff, which had a median follow-up of 8.5 months. In the previously reported primary analysis, median OS was 13.2 months with RASONQUE versus 6.7 months with chemotherapy (hazard ratio [HR] 0.40; 95% confidence interval [CI]: 0.30–0.53). For these exploratory analyses, across the RAS subgroups evaluated, the OS HR was 0.49 (95% CI: 0.33–0.74) for G12D mutations, 0.32 (95% CI: 0.19–0.54) for G12V mutations, 0.61 (95% CI: 0.29–1.30) for G12R mutations, 0.37 (95% CI: 0.09–1.44) for RAS Q61 mutations, and 0.43 (95% CI: 0.09–1.98) for tumors with no identified RAS mutation.
The analyses also showed a consistent OS benefit with RASONQUE across preselected SOC chemotherapy regimens, including gemcitabine plus nab-paclitaxel (GnP; HR 0.45; 95% CI: 0.32–0.65), pooled modified FOLFIRINOX/FOLFOX (HR 0.46; 95% CI: 0.23–0.95) and nanoliposomal irinotecan plus fluorouracil and leucovorin (NAL-IRI + 5-FU/LV; HR 0.32; 95% CI: 0.18–0.58).
The OS improvement was also seen among patients treated with RASONQUE compared with chemotherapy across prior treatment settings, including metastatic disease diagnosed less than six months after the last dose of neoadjuvant or adjuvant therapy (HR 0.36; 95% CI: 0.17–0.75) and one prior line of therapy for metastatic disease (HR 0.43; 95% CI: 0.32–0.58).
“These exploratory analyses across key subgroups from RASolute 302 reinforce RASONQUE as a potential new standard of care for eligible adults with metastatic pancreatic adenocarcinoma,” said Alan Sandler, M.D., chief development officer of Revolution Medicines. “They also support our broader clinical development program, which is evaluating targeted approaches across RAS variants and treatment settings with the goal of changing the treatment paradigm in RAS-addicted cancers where there is a significant unmet medical need. With RASONQUE approved in the United States, the European Medicines Agency’s Committee for Medicinal Products for Human Use recent positive opinion and regulatory reviews underway in other countries, we remain committed to expanding access to RASONQUE for eligible patients globally.”
The presentation (LBA82), titled “Daraxonrasib, a RAS(ON) multi-selective inhibitor vs chemotherapy in previously treated metastatic pancreatic adenocarcinoma (mPDAC): Additional subgroup analyses from the Phase 3 RASolute 302 study,” was delivered by Dr. Wainberg during the Proffered Paper 1: Gastrointestinal Tumour, Upper Digestive session on October 23, 2026, at the ESMO Congress in Madrid, Spain. The primary analysis from RASolute 302 was presented at the 2026 American Society of Clinical Oncology Annual Meeting with simultaneous publication in The New England Journal of Medicine.
About Pancreatic Adenocarcinoma
Pancreatic adenocarcinoma, or PDAC, is the most common form of pancreatic cancer and among the most challenging malignancies. RAS, a key growth control switch in human cells, is the main driver of pancreatic cancer, which is characterized by excessive RAS signaling. Each year, approximately 500,000 people globally are diagnosed with PDAC and it is the seventh leading cause of cancer-related deaths worldwide.1,2
Because early-stage pancreatic cancer often causes few or no symptoms, approximately 80% of patients are diagnosed after the disease has spread, when treatment options are more limited.3 For patients with metastatic PDAC, the five-year relative survival rate is approximately 3% worldwide.4
About the RASolute 302 Clinical Trial
RASolute 302 (NCT06625320) was a global, randomized Phase 3 registrational clinical trial designed to evaluate the efficacy and safety of RASONQUE as a monotherapy in patients with previously treated metastatic pancreatic adenocarcinoma (PDAC). In the trial, patients were randomized to receive either an oral dose of 300 mg RASONQUE once daily or investigator’s choice of four different cytotoxic chemotherapy regimens, which represented standard of care across the globe. The trial enrolled patients with metastatic PDAC with RAS G12 mutations (such as G12D, G12V, and G12R), RAS G13 or Q61 mutations, as well as patients with no identified tumor RAS mutations.
The primary endpoints of the RASolute 302 trial were progression-free survival (PFS), as assessed by a Blinded Independent Central Review according to RECIST 1.1, and overall survival (OS) in patients with tumors harboring RAS G12 mutations. Secondary endpoints included PFS and OS in all enrolled patients (the intent-to-treat population) encompassing patients with and without identified tumor RAS mutations, as well as objective response rate, duration of response, and patient-reported quality of life.
About RASONQUE™ (daraxonrasib)
RASONQUE (daraxonrasib) is an oral, RAS(ON) multi-selective, noncovalent, tri-complex inhibitor (TCI), approved by the U.S. FDA for the treatment of adult patients with metastatic pancreatic adenocarcinoma (PDAC) who have received at least one prior systemic therapy or who are not candidates for multiagent systemic therapy.5 RASONQUE is being investigated through a global Phase 3 registrational program in patients with PDAC and metastatic RAS mutant non-small cell lung cancer (NSCLC). Outside the U.S., RASONQUE is an investigational agent that has not been approved by any regulatory authority.
U.S. INDICATION
RASONQUE is indicated for the treatment of adult patients with metastatic pancreatic adenocarcinoma who have received at least one prior systemic therapy or who are not candidates for multiagent systemic therapy.
U.S. IMPORTANT SAFETY INFORMATION
RASONQUE is associated with the following Warnings and Precautions: Dermatologic and Soft Tissue Toxicity, Stomatitis and Oral Disorders, Diarrhea, Gastrointestinal Perforation, Interstitial Lung Disease (ILD)/Pneumonitis, and Embryo-Fetal Toxicity.
U.S. WARNINGS AND PRECAUTIONS
Dermatologic and Soft Tissue Toxicity
RASONQUE can cause dermatologic toxicity, which may be severe. Clinical manifestations included, but were not limited to, rash, pruritus, paronychia, dry skin, and skin fissures. In clinical trials of patients with pancreatic adenocarcinoma, dermatologic toxicity occurred in 86% of patients treated with RASONQUE, of which 10% were Grade 3.
Monitor patients who develop dermatologic or soft tissue toxicities while receiving RASONQUE. Initiate prophylactic measures (e.g., topical corticosteroids, emollient creams, sunscreen, oral antibiotics) prior to the first dose of RASONQUE to reduce the risk of moderate to severe dermatologic reactions. Advise patients to limit sun exposure while taking RASONQUE. Initiate supportive measures (e.g., oral corticosteroids) as clinically indicated, and consider dermatologic consultation. Withhold, reduce the dose, or permanently discontinue RASONQUE based on severity.
Stomatitis and Oral Disorders
RASONQUE can cause stomatitis, including mouth ulcers and oral mucositis. In clinical trials of patients with pancreatic adenocarcinoma, stomatitis occurred in 57% of patients, of which 9% were Grade 3.
Monitor patients for signs and symptoms of stomatitis while receiving RASONQUE. Initiate a steroid-containing mouthwash for treatment of stomatitis and administer other topical treatments (e.g., chlorhexidine mouthwash, 2% lidocaine viscous) as clinically indicated. Withhold, reduce the dose, or permanently discontinue RASONQUE based on severity.
Diarrhea
RASONQUE can cause diarrhea. In clinical trials of patients with pancreatic adenocarcinoma, diarrhea occurred in 63% of patients, of which 6% were Grade 3.
If diarrhea occurs, administer antidiarrheal treatment as clinically indicated. Withhold, reduce the dose, or permanently discontinue RASONQUE based on severity.
Gastrointestinal Perforation
RASONQUE can cause gastrointestinal perforation. In clinical trials of patients with pancreatic adenocarcinoma, gastrointestinal perforation occurred in 0.9% of patients treated with RASONQUE, of which 0.5% were Grade 3, one event was Grade 4, and one event was fatal.
Monitor patients for gastrointestinal perforation. Withhold RASONQUE if gastrointestinal perforation is suspected. Reduce the dose or permanently discontinue RASONQUE if no other potential causes of gastrointestinal perforation are identified.
Interstitial Lung Disease (ILD)/Pneumonitis
RASONQUE can cause interstitial lung disease or pneumonitis. In clinical trials of patients with pancreatic adenocarcinoma, ILD/pneumonitis occurred in 2.4% of patients treated with RASONQUE, of which 0.9% were Grade 3, and one event was fatal.
Monitor patients for new or worsening pulmonary symptoms. Withhold RASONQUE if ILD/pneumonitis is suspected. Reduce the dose or permanently discontinue RASONQUE if no other potential causes of ILD/pneumonitis are identified.
Embryo-Fetal Toxicity
Based on findings in animals, RASONQUE can cause fetal harm when administered to a pregnant woman. Advise females of reproductive potential to use effective contraception during treatment with RASONQUE and for 1 week after the last dose. Advise males with female partners of reproductive potential to use effective contraception during treatment with RASONQUE and for 1 week after the last dose.
ADVERSE REACTIONS
Serious adverse reactions occurred in 30% of patients treated with RASONQUE. Serious adverse reactions occurring in ≥ 2% of patients treated with RASONQUE were diarrhea (3.7%), pyrexia (3.3%), sepsis (2.9%), fatigue (2.1%), and hemorrhage (2.1%).
Adverse reactions leading to permanent discontinuation of RASONQUE occurred in 2.9% of patients, including two patients who discontinued due to rash (0.8%).
The most common (≥ 20%) adverse reactions in patients treated with RASONQUE were rash, diarrhea, stomatitis, nausea, fatigue, vomiting, abdominal pain, edema, decreased appetite, and hemorrhage.
DRUG INTERACTIONS
Strong CYP3A Inhibitors with P-gp Inhibition: Avoid concomitant use.Strong CYP3A Inhibitors without P-gp Inhibition: Reduce RASONQUE dosage.Moderate CYP3A Inhibitors with or without P-gp Inhibition: Reduce RASONQUE dosage.P-gp Inhibitors: Reduce RASONQUE dosage.Cyclosporine A: Avoid concomitant use.Strong CYP3A Inducers: Avoid concomitant use. Increase RASONQUE dosage if concomitant use cannot be avoided.Moderate CYP3A Inducers: Increase RASONQUE dosage.P-gp Substrates: Take at least 4 hours apart from RASONQUE.
PROPHYLACTIC MEASURES
When initiating RASONQUE and throughout treatment, prophylactic and concomitant medications are recommended to reduce the risk of dermatologic reactions:
administer a topical corticosteroid (applied to the face and chest) and emollient creamsadvise patients to limit sun exposure and use broad-spectrum sunscreen (SPF 30 or higher)consider prophylactic oral antibiotics (e.g., doxycycline or minocycline)
Please see U.S. Full Prescribing Information for RASONQUE
About Revolution Medicines, Inc.
Revolution Medicines is a global, commercial-stage oncology company dedicated to discovering, developing and delivering innovative medicines for patients with RAS-addicted cancers. Leveraging its differentiated RAS(ON) tri-complex inhibitor platform, the company is advancing a broad, integrated portfolio of oral RAS(ON) inhibitors designed to directly target the active, cancer-driving state of RAS. Founded on rigorous scientific inquiry and a willingness to challenge long-held assumptions, Revolution Medicines is committed to changing the trajectory of disease for patients with RAS-addicted cancers worldwide. For more information, visit www.revmed.com and follow Revolution Medicines on LinkedIn, X (Twitter) and Instagram.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered "forward-looking statements," including without limitation statements regarding the broad potential of RAS(ON) inhibition; the interpretation, significance and implications of the subgroup analyses and other data from the RASolute 302 trial; the potential of RASONQUE to become a standard of care or to change the treatment paradigm in pancreatic cancer or other RAS-addicted cancers; treatment practices; the company’s regulatory interactions and plans, including the timing and outcome of the European Commission’s decision following the CHMP positive opinion and of regulatory reviews in other jurisdictions; the commercialization, market acceptance and potential label expansion of RASONQUE; the company’s broader clinical development program; and progression of clinical studies and findings from these studies, including the tolerability, safety, and potential efficacy of RASONQUE and the company's product candidates being studied.
Forward-looking statements are typically, but not always, identified by the use of words such as "aims," "anticipate," "believe," "estimate," "expect," "plan," "potential," "project," "up to," "will" and other similar terminology indicating future results. Such forward-looking statements are subject to substantial risks and uncertainties that could cause the company's development programs, future results, performance, or achievements to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include without limitation risks and uncertainties inherent in the drug development process, including the company's programs' development stages, the process of designing and conducting preclinical and clinical trials, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, the company's ability to successfully establish, protect and defend its intellectual property, other matters that could affect the sufficiency of the company's capital resources to fund operations, reliance on third parties for manufacturing and development efforts, changes in the competitive landscape, and the effects on the company's business of global events, such as international conflicts or global pandemics. For a further description of the risks and uncertainties that could cause actual results to differ from those anticipated in these forward-looking statements, as well as risks relating to the business of Revolution Medicines in general, see Revolution Medicines' Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on August 5, 2026, and its future periodic reports to be filed with the SEC. Except as required by law, Revolution Medicines undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances, or to reflect the occurrence of unanticipated events.
Akcie společnosti On Holding letos klesly přibližně o 23 %, protože firma záměrně omezuje dodávky maloobchodním prodejcům. Její DTC prodej však ve čtvrtletí vzrostl o 34,3 %.
The On Holding (ONON -0.64%) athletic shoes are gaining real attention and traction among athletes and everyday adults running errands. The company has been one of the fastest-growing brands this decade, but this year the stock is down about 23%. The problem seems to be an intentional slowdown that's testing investors' patience.
In August, shares dropped precipitously after second-quarter sales missed Wall Street's estimates. On experienced the largest one-day drop in its history as a slowdown in wholesale racked investors' nerves.
Image source: Getty Images.
It's all part of the plan for On The slowdown is intentional, however, as On is limiting shipments to retailers to promote full-price sales and make room for new products in the coming year. The business's fundamentals look strong as well.
In its latest quarterly report, On's direct-to-consumer sales grew 34.3% while gross margin widened to 65.4% year over year. Net sales in apparel were up 56.2%. Management expects constant-currency sales to grow in the low-20% range in 2026. While that's a slight revision down from its previous guidance, it's still a healthy trajectory as the company expands into other sports such as football and golf. The company is targeting $7 billion in sales with this expansion, an ambitious goal.
ONON On Holding$34.00-$0.22 (-0.64%)
NYSE · As of 4:00 PM ET 10/22/26
The shoe and sportswear company also recently authorized a $1 billion share buyback. On is trading at about 21 times trailing earnings, and with a price-to-earnings growth ratio well below 1 at 0.49. This suggests the stock is fairly priced and is actually currently under the analysts' consensus price target of $43.55.
I don't think there's anything inherently wrong with On Holding, but investors should be patient as the company navigates through its slowdown and heads into 2027. The business's growth may slow somewhat, but On is running on solid financial ground.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends On Holding. The Motley Fool has a disclosure policy.
Akcie společnosti Nebius za poslední měsíc klesly o 32,59 % poté, co Gartner předpověděl, že do roku 2030 ukončí samostatnou činnost více než 80 % poskytovatelů necloudových služeb.
A Gartner forecast just sparked a brutal selloff that wiped nearly half of Nebius Group's value from its peak, yet one Wall Street firm now sees shares more than doubling from here. The question is whether the neocloud model survives…
Nebius Group (NASDAQ:NBIS | NBIS Price Prediction) trades at $159.17, and Wall Street’s average price target is $283.60. That implies about 78% upside to where analysts think the shares should trade.
Nebius leases NVIDIA GPU capacity to AI labs and enterprises. Its Nebius AI Cloud segment brought in $574.9M last quarter, up 514% year over year. Hyperscale contracts with Meta and Microsoft helped build $37.49B in remaining performance obligations, which is why the Street keeps such close watch on the stock.
Northland Securities holds the Street-high target of $410.00, roughly 2.58x the current price. With implied upside above 40%, analyst targets frame the outlook for the stock.
Neocloud Extinction Fears Drive a Steep Monthly Sell-Off A Gartner forecast set off the latest wave of selling. It predicted that “cost pressure and a lack of a differentiating business model will force over 80% of neocloud providers to cease independent operations” by 2030. Nebius has fallen 32.59% in the past month. It lost 15.52% in the past week alone. The stock now sits about 47% below its 52-week high of $299.86.
The damage hit the whole sector. Rate-hike fears hit the AI debt market at the same time, according to 24/7 Wall St. coverage. DA Davidson’s Gil Luria said Nebius and CoreWeave (NASDAQ:CRWV) “literally sell the same thing to the same companies,” so investors are questioning the neocloud model as a whole.
The last quarter itself held up. Revenue of $582.3M beat the $574.65M consensus. Even so, the operating loss reached $175.9M, first-half capex reached $8.13B, and three customers made up 24%, 21%, and 14% of revenue.
Northland’s $410 Target Rests on 2027 Pricing Power Of the 21 analysts tracked, 2 rate it Strong Buy, 12 Buy, 5 Hold, 1 Sell, and 1 Strong Sell. Northland’s Nehal Chokshi keeps an Outperform rating, and BNP Paribas Exane’s Stefan Slowinski holds a $399.00 target. Northland’s thesis centers on the company’s data center buildout across Europe and North America, early access to next-generation NVIDIA GPUs, and multiple expansion as markets price Nebius as a pure-play AI cloud operator.
The near-term marker is full-year guidance, which management reaffirmed: revenue of $3 billion to $3.4 billion, annualized run-rate revenue of $7 billion to $9 billion, and roughly 40% adjusted EBITDA margin. Analysts expect third-quarter revenue of about $904.8 million.
CEO Arkady Volozh said Nebius “could sell today our entire 2027 capacity on these terms if we wanted to.” Short-duration deals are being set at $40 million to $50 million per megawatt, and the contracted power target rose to 5 gigawatts. Management says formal 2027 guidance comes later this year.
Price targets are estimates and carry no guarantee. All of this depends on Nebius bringing capacity online on schedule while capital markets stay open.
CoreWeave and Oracle Fell Too, With Even Wider Gaps The whole peer group sold off together, and Nebius carries the lowest implied upside of the three.
CoreWeave trades at $55.60 after falling 36.02% in a month. Its $138.34 target implies about 149% upside. Of 42 analysts, 8 rate it Strong Buy and 23 Buy, and Goldman Sachs recently upgraded it to Buy. Its 8.94 debt-to-equity ratio explains part of the discount.
Oracle (NYSE:ORCL) trades at $125.54, down 13.16% in a month. Its $237.36 target implies roughly 89% upside. Of 43 analysts, 7 rate it Strong Buy and 28 Buy.
CoreWeave holds the largest analyst-implied upside. Nebius looks like the group’s relative winner, priced with less distress than its peers.
Nebius Is Still Up 90% This Year Despite the Drawdown At $159.17, Nebius trades with about 78% implied upside to the $283.60 consensus from 21 analysts. Shares are down 27.97% over three months but still up 90.16% year to date.
The S&P 500 has gained 12.05% year to date and slipped 1.21% over the past month. Nebius trades at about 46x forward earnings.
Backlog Supports the Upside, but Dilution Caps the Ceiling The bull case strengthens if the 2027 pricing Volozh described holds and the third-quarter report confirms new capacity is turning into revenue. That path leads back toward the consensus target.
The bear case gains weight if Gartner’s consolidation call is right. Convertible debt with a fair value of $20.8B, $12.1B in upcoming lease obligations, and ongoing share sales could dilute holders even if revenue keeps growing.
I lean positive. The backlog looks durable, and management guides to roughly 40% adjusted EBITDA margin. The $410 target needs everything to go right, though, so the consensus figure is the more realistic benchmark. Nebius is one of several picks-and-shovels names riding the data-center buildout, and we rounded up seven more in a free report on AI infrastructure stocks that aren’t chipmakers.
Contact [email protected] for any questions or corrections.
Rogers delivers topline and adjusted EBITDA growth while generating record free cash flow and its lowest capital intensity in over two decades
Total service revenue and adjusted EBITDA growth of 1%Free cash flow of $1.4 billion, achieves over $3 billion of free cash flow year to dateCapital expenditures of $524 million and capital intensity of 9.6%, down 840 basis points and amongst the lowest in the industry Executes on sports and media strategy; becomes 100% owner of MLSE on October 1 and turns to process to sell minority interest in our consolidated sports, media, and entertainment assets (Rogers Sports)
Focus on efficiency and financial discipline continues to drive industry-leading Wireless and Cable margins; underlying telecom operations stable
Wireless service revenue of $2.0 billion, down 1%Wireless adjusted EBITDA up 1%; adjusted EBITDA margin up 130 basis points to 68%Total mobile phone net additions of 17,000Mobile phone ARPU of $55.22; postpaid mobile phone churn of 1.03%Cable service revenue of $2.0 billion, stable year over yearCable adjusted EBITDA up 1%; adjusted EBITDA margin up 40 basis points to 59%Retail Internet net additions of 10,000 Achieves strong performance in Media helped by over 97% near-sell-out attendance at the Toronto Blue Jays; Rogers leading sports and media assets continue to show scale
Revenue of $821 million, up 9%Adjusted EBITDA of $84 million, up 12%Commenced 13th consecutive year of national NHL media rights ownership; expanded sublicensing agreements for both Wednesday night hockey and French-language games for duration of contractAnnounced twelve-concert Backstreet Boys residency at Rogers Centre in Q1 2027, reflecting global scale opportunity of world-class assets Balance sheet improves with a debt leverage ratio of 3.7x, down 0.1x sequentially
Targets further deleveraging by the first half of 2027 through the unlocking of considerable value in Rogers Sports holdings Company reaffirms 2026 outlook for total service revenue, adjusted EBITDA, capital expenditures, and free cash flow
TORONTO, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B; NYSE: RCI) today announced its unaudited financial and operating results for the third quarter ended September 30, 2026.
"Our third quarter results demonstrate strong financial discipline, with margin expansion in Cable and Wireless, record free cash flow, and further deleveraging despite lower market activity," said Tony Staffieri, President and CEO. "The close of the MLSE transaction marks a significant milestone in our plan to unlock shareholder value from our sports and media assets, which continue to show global breadth and scale."
Consolidated Financial Highlights
(In millions of Canadian dollars, except per share amounts, unaudited)Three months ended September 30
Nine months ended September 30
2026 2025% Chg 2026 2025% Chg Total revenue 5,443 5,3482 16,540 15,5406 Total service revenue 4,780 4,7391 14,747 13,8546 Adjusted EBITDA1 2,535 2,5151 7,341 7,1313 Net income 495 5,768(91) 312 6,196(95)Net income attributable to RCI shareholders 482 5,714(92) 194 6,151(97)Adjusted net income1 701 726(3) 1,884 1,901(1)Adjusted net income attributable to RCI shareholders1 704 740(5) 1,894 1,903— Diluted earnings per share attributable to RCI shareholders$0.88$10.54(92)$0.33$11.38(97)Adjusted diluted earnings per share attributable to RCI shareholders1$1.29$1.37(6)$3.46$3.52(2) Cash provided by operating activities 1,658 1,5159 4,670 4,4076 Free cash flow1 1,370 82965 3,128 2,34034 _______________________________________
1 Adjusted EBITDA is a total of segments measure. Free cash flow and debt leverage ratio are capital management measures. Capital intensity and Wireless mobile phone ARPU are supplementary financial measures. Adjusted diluted earnings per share is a non-GAAP ratio. Adjusted net income and adjusted net income attributable to RCI shareholders (a component of adjusted diluted earnings per share) are non-GAAP financial measures. See "Non-GAAP and Other Financial Measures" in our Q3 2026 Management's Discussion and Analysis (MD&A), available at www.sedarplus.ca, and this earnings release for more information about each of these measures. These are not standardized financial measures under International Financial Reporting Standards (IFRS) and might not be comparable to similar financial measures disclosed by other companies.
Strategic Highlights
The five objectives set out below guide our work and decision-making as we further improve our operational execution and make well-timed investments to grow our core businesses and deliver increased shareholder value. Below are some highlights for the quarter.
Build the biggest and best networks in the country
Expanded our 5G/5G+ network nationally, including in New Brunswick and Quebec.Completed 350 new wireless sites and upgraded 300 existing sites as part of the $300 million Eastern Ontario Regional Network Cell Gap Project.Leveraged Rogers Satellite capabilities to offer free Rogers Satellite to all Rogers wireless customers in British Columbia during the state of emergency caused by wildfires. Deliver easy to use, reliable products and services
Added exclusive Sportsnet+ content, including Monday Night Hockey, for Rogers Xfinity customers at no additional cost.Introduced new wireless product lineups from Apple and Samsung Galaxy.Carried 510 terabytes of mobile data on our 5G+ network at stadiums and fan zones in Toronto and Vancouver on FIFA World Cup match days. Be the first choice for Canadians
Drew an American League-leading over 3.3 million fans to Toronto Blue Jays games at the Rogers Centre this season - more than 97% of capacity, the club's best attendance since 2016, and third-highest in the MLB.Earned the number-one ranking for Rogers radio stations among adults aged 25-53 in Toronto, Edmonton, and Vancouver, as reported by Numeris. Be a strong national company investing in Canada
Signed an agreement with Kilmer Sports Inc. to acquire its remaining 25% stake in MLSE on October 1.Donated $1 million to Alberta children's charities through the Rogers Charity Classic.Renewed Mobi by Rogers through 2029 with Vancouver Bike Share to connect riders across the city. Be the growth leader in our industry
Grew total service revenue by 1% and adjusted EBITDA by 1%.Generated strong free cash flow of $1,370 million and cash flow from operating activities of $1,658 million. Update on sports and entertainment assets
On October 1, 2026, we completed the MLSE minority interest acquisition for $4.35 billion in cash, which we funded through short-term credit facilities. For more information, see "Managing our Liquidity and Financial Resources" in our Q3 Management's Discussion and Analysis (MD&A). Upon completing this transaction, we have obtained a 100% ownership interest in MLSE.
MLSE owns the Toronto Maple Leafs (NHL), Toronto Raptors (NBA), Toronto FC (MLS), Toronto Argonauts (CFL), various minor league teams, and associated real estate holdings, including Scotiabank Arena. MLSE also holds interests in certain entities that are complementary to its sports and events businesses. On completion of the MLSE minority interest acquisition, MLSE became a wholly owned subsidiary of Rogers, further enhancing our sports and entertainment portfolio, which also includes the Toronto Blue Jays, Rogers Centre, and Sportsnet.
We are pursuing the sale of a minority interest in our consolidated sports, media, and entertainment assets (Rogers Sports) to third-party investors by the first half of 2027, the proceeds from which we expect to use to repay debt and further improve our balance sheet. We remain committed to unlocking what we view as significant unrecognized value in our sports assets.
Quarterly Financial Highlights
Revenue
Total revenue increased by 2% and total service revenue increased by 1% this quarter, primarily as a result of revenue growth in Media.
Wireless service revenue decreased by 1% this quarter primarily as a result of the decline in mobile phone ARPU due to the cumulative impact of competitive intensity and lower fee revenue as a result of the Canadian Radio-television and Telecommunications Commission's (CRTC) decision prohibiting certain fees (see "Regulatory Developments" for more information), partially offset by the year-to-date cumulative addition of new customers. Wireless equipment revenue increased by 9%, primarily as a result of a continued shift in the product mix towards higher-value devices, higher device upgrades by existing customers, and disciplined pricing.
Cable service revenue this quarter was in line with the prior year as the impact of retail Internet subscriber growth and base management activities was offset by declines in our Home Phone and Video subscriber bases. Our customer-facing data centre business, which we sold in late 2025, reflected approximately 1% of Cable service revenue in the prior year.
Media revenue increased by 9% this quarter, primarily as a result of higher sports revenue and subscriber revenue from the Warner Bros. Discovery suite of channels, partially offset by lower advertising revenue.
Adjusted EBITDA and margins
Consolidated adjusted EBITDA increased 1% this quarter, driven by EBITDA growth across all our businesses, and our adjusted EBITDA margin decreased by 40 basis points.
Wireless adjusted EBITDA increased by 1%, primarily as a result of higher equipment margins. This gave rise to an adjusted EBITDA margin of 68%, up 130 basis points.
Cable adjusted EBITDA increased by 1% as a result of various efficiency initiatives. This gave rise to an adjusted EBITDA margin of 59%, up 40 basis points. Our customer-facing data centre business, which we sold in late 2025, reflected approximately 0.5% of Cable adjusted EBITDA in the prior year.
Media adjusted EBITDA increased by 12%, primarily due to the flow-through impact of the aforementioned revenue impacts and associated costs.
Net income and adjusted net income
Adjusted net income decreased by 3% this quarter, primarily as a result of higher finance costs, partially offset by higher adjusted EBITDA. Net income decreased by $5,273 million this quarter as it was also impacted by a $5 billion non-cash gain in the prior year to recognize our existing 37.5% interest in MLSE at fair value, which was required as a result of the MLSE Transaction, and the $151 million gain on the redemption of long-term debt in the prior year.
Cash flow, available liquidity, and returns to shareholders
This quarter, we generated cash provided by operating activities of $1,658 million (2025 - $1,515 million), which increased as a result of lower income taxes paid, and free cash flow of $1,370 million (2025 - $829 million), which increased as a result of lower capital expenditures, higher adjusted EBITDA, and lower cash income taxes, partially offset by distributions to non-controlling interests. Our free cash flow generation is expected to further strengthen our balance sheet over time through accelerated repayment of debt.
As at September 30, 2026, we had $8.3 billion of available liquidity2 (December 31, 2025 - $5.9 billion), reflecting $3.2 billion in cash and cash equivalents and $5.1 billion available under our bank and other credit facilities. In September 2026, we issued three tranches of subordinated notes and received net proceeds of $2.0 billion from the issuance. We intend to use the proceeds to redeem our $2.0 billion subordinated notes due 2081 in December 2026 on their first at-par redemption date. The $4.35 billion of credit facilities we entered into in September 2026 are not included in available liquidity as they were drawn in full on October 1, 2026 to fund the MLSE minority interest acquisition (see "Update on sports and entertainment assets").
Our debt leverage ratio2 was 3.7 as at September 30, 2026 (December 31, 2025 - 4.0, which reflects the combined results of Rogers including MLSE for the period from the MLSE Transaction closing date (July 1, 2025) to December 31, 2025, and standalone Rogers results prior to July 2025 in trailing 12-month adjusted EBITDA). See "Financial Condition" in our Q3 MD&A for more information.
We also returned $270 million in dividends to shareholders this quarter and we declared a $0.50 per share dividend on October 22, 2026.
_______________________________________
2 Available liquidity and debt leverage ratio are capital management measures. See "Non-GAAP and Other Financial Measures" and "Financial Condition" in our Q3 2026 MD&A, available at www.sedarplus.ca, for more information about these measures.
About this Earnings Release
This earnings release contains important information about our business and our performance for the three and nine months ended September 30, 2026 and forward-looking information (see "About Forward-Looking Information") about future periods. This earnings release should be read in conjunction with our Third Quarter 2026 Interim Condensed Consolidated Financial Statements (Third Quarter 2026 Interim Financial Statements) and notes thereto, which have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting, as issued by the International Accounting Standards Board (IASB); our Third Quarter 2026 MD&A; our 2025 Annual MD&A; our 2025 Annual Audited Consolidated Financial Statements and notes thereto, which have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the IASB; and our other recent filings with Canadian and US securities regulatory authorities, including our Annual Information Form, which are available on SEDAR+ at sedarplus.ca or EDGAR at sec.gov.
For more information about Rogers, including product and service offerings, competitive market and industry trends, our overarching strategy, key performance drivers, and objectives, see "Understanding Our Business", "Corporate Overview", and "Delivering on our Priorities" in our 2025 Annual MD&A.
References to the Shaw Transaction are to our acquisition of Shaw Communications Inc. (Shaw) on April 3, 2023 (see "Shaw Transaction" in our 2023 Annual MD&A and our 2023 Annual Audited Consolidated Financial Statements). References to the MLSE Transaction are to our acquisition of BCE Inc.'s (Bell) indirect 37.5% interest in Maple Leaf Sports & Entertainment Ltd. (MLSE) on July 1, 2025 (see "MLSE Transaction" in our 2025 Annual MD&A and our 2025 Annual Audited Consolidated Financial Statements). References to the MLSE minority interest acquisition are to our acquisition of the remaining 25% interest in MLSE from Kilmer Sports Inc., which was completed on October 1, 2026 (see "Update on sports and entertainment assets"). References to the "network transaction" are to our sale of a non-controlling interest in Backhaul Network Services Inc. (BNSI), a Canadian subsidiary of Rogers that owns a minor part of our wireless network (see "Subsidiary Equity Investment" in our 2025 Annual MD&A and our 2025 Annual Audited Consolidated Financial Statements).
We, us, our, Rogers, Rogers Communications, and the Company refer to Rogers Communications Inc. and its subsidiaries. RCI refers to the legal entity Rogers Communications Inc., not including its subsidiaries. Rogers also holds interests in various investments and ventures.
All dollar amounts in this earnings release are in Canadian dollars unless otherwise stated and are unaudited. All percentage changes are calculated using the rounded numbers as they appear in the tables. This earnings release is current as at October 22, 2026 and was approved by RCI's Board of Directors (the Board) on that date.
In this earnings release, this quarter, the quarter, or third quarter refer to the three months ended September 30, 2026, first quarter refers to the three months ended March 31, 2026, second quarter refers to the three months ended June 30, 2026, and year to date refers to the nine months ended September 30, 2026, unless the context indicates otherwise. All results commentary is in descending order of magnitude and is compared to the equivalent period in 2025 or as at December 31, 2025, as applicable, unless otherwise indicated.
Reportable segments
We report our results of operations in three reportable segments. Each segment and the nature of its business is as follows:
SegmentPrincipal activitiesWirelessWireless telecommunications operations for Canadian consumers, businesses, the public sector, and wholesale providers.CableCable telecommunications operations, including Internet, television and other video (Video), Satellite, telephony (Home Phone), and home monitoring services for Canadian consumers and businesses, and network connectivity through our fibre network to support a range of voice, data, networking, hosting, and cloud-based services for the business, public sector, and carrier wholesale markets.MediaA diversified portfolio of media properties, including sports media and entertainment, sports team ownership, television and radio broadcasting, specialty channels, and digital media.
Wireless and Cable are operated by our wholly owned subsidiary, Rogers Communications Canada Inc. (RCCI), and certain other subsidiaries. Media is operated by our wholly owned subsidiary, Rogers Media Inc., its subsidiaries, and MLSE. Effective July 2025, TSC was transferred from the Media reportable segment to Corporate Items, consistent with changes to its management structure. Comparative results have been recast to reflect this change, with no impact on consolidated results.
Summary of Consolidated Financial Results
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except margins and per share amounts) 2026 2025 % Chg 2026 2025 % Chg Revenue Wireless 2,688 2,661 1 7,819 7,745 1 Cable 1,987 1,981 — 5,919 5,884 1 Media 821 753 9 2,964 2,052 44 Corporate items and intercompany eliminations (53) (47)13 (162) (141)15 Revenue 5,443 5,348 2 16,540 15,540 6 Total service revenue1 4,780 4,739 1 14,747 13,854 6 Adjusted EBITDA Wireless 1,383 1,374 1 4,019 3,990 1 Cable 1,164 1,153 1 3,444 3,408 1 Media 84 75 12 153 20 n/m Corporate items and intercompany eliminations (96) (87)10 (275) (287)(4)Adjusted EBITDA 2,535 2,515 1 7,341 7,131 3 Adjusted EBITDA margin2 46.6% 47.0%(0.4 pts) 44.4% 45.9%(1.5 pts) Net income3: 495 5,768 (91) 312 6,196 (95)Net income attributable to RCI shareholders 482 5,714 (92) 194 6,151 (97)Earnings per share attributable to RCI shareholders3: Basic$0.89 $10.58 (92)$0.36 $11.41 (97)Diluted$0.88 $10.54 (92)$0.33 $11.38 (97) Adjusted net income 701 726 (3) 1,884 1,901 (1)Adjusted net income attributable to RCI shareholders 704 740 (5) 1,894 1,903 — Adjusted earnings per share attributable to RCI shareholders: Basic2$1.30 $1.37 (5)$3.51 $3.53 (1)Diluted$1.29 $1.37 (6)$3.46 $3.52 (2) Capital expenditures 524 964 (46) 2,027 2,773 (27)Cash provided by operating activities 1,658 1,515 9 4,670 4,407 6 Free cash flow 1,370 829 65 3,128 2,340 34 n/m - not meaningful
1 As defined. See "Key Performance Indicators".
2 Adjusted EBITDA margin is a supplementary financial measure. Adjusted basic earnings per share attributable to RCI shareholders is a non-GAAP ratio (of which adjusted net income attributable to RCI shareholders is a component). This is not a standardized financial measure under IFRS and might not be comparable to similar financial measures disclosed by other companies. See "Non-GAAP and Other Financial Measures" in our Q3 2026 MD&A for more information about each of these measures, available at www.sedarplus.ca.
3 Net income and earnings per share for the three and nine months ended September 30, 2025 include a $40 million reduction to the gain on revaluation of our investment in MLSE in the third quarter of 2025 as a result of finalization adjustments to the preliminary purchase price allocation for the MLSE Transaction.
Results of our Reportable Segments
WIRELESS
Wireless Financial Results
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except margins)2026 2025 % Chg 2026 2025 % Chg Revenue Service revenue from external customers1,996 2,029 (2)5,947 6,004 (1)Service revenue from internal customers37 30 23 107 80 34 Service revenue2,033 2,059 (1)6,054 6,084 — Equipment revenue from external customers655 602 9 1,765 1,661 6 Revenue2,688 2,661 1 7,819 7,745 1 Operating costs Cost of equipment579 569 2 1,623 1,605 1 Other operating costs726 718 1 2,177 2,150 1 Operating costs1,305 1,287 1 3,800 3,755 1 Adjusted EBITDA1,383 1,374 1 4,019 3,990 1 Adjusted EBITDA margin168.0%66.7%1.3 pts 66.4%65.6%0.8 pts Capital expenditures171 367 (53)638 1,139 (44) 1 Calculated using service revenue.
Wireless Subscriber Results 1
Three months ended September 30
Nine months ended September 30
(In thousands, except churn and mobile phone ARPU) 2026 2025 Chg
2026 2025 Chg
Postpaid mobile phone Gross additions 347 385 (38) 1,109 1,084 25 Net additions 6 62 (56) 56 108 (52)Total postpaid mobile phone subscribers2 11,051 10,961 90 11,051 10,961 90 Churn (monthly) 1.03% 0.99%0.04 pts
1.06% 1.00%0.06 pts
Prepaid mobile phone Gross additions 186 149 37 534 416 118 Net additions 11 49 (38) 34 98 (64)Total prepaid mobile phone subscribers2 1,234 1,205 29 1,234 1,205 29 Churn (monthly) 4.77% 2.86%1.91 pts
4.60% 3.14%1.46 pts
Mobile phone ARPU (monthly)3$55.22 $56.70 ($1.48)$55.05 $56.40 ($1.35) 1 Subscriber counts and subscriber churn are key performance indicators. See "Key Performance Indicators".
2 As at end of period.
3 Mobile phone ARPU is a supplementary financial measure. See "Non-GAAP and Other Financial Measures" in our Q3 2026 MD&A for more information about this measure, available at www.sedarplus.ca.
Service revenue
The 1% decrease in service revenue this quarter was a result of the decline in mobile phone ARPU due to the cumulative impact of competitive intensity and lower fee revenue as a result of the CRTC's decision prohibiting certain fees (see "Regulatory Developments" for more information), partially offset by the year-to-date cumulative addition of new customers. Service revenue year to date was in line with the prior year.
The decreases in postpaid gross and net additions this quarter, and net additions year to date, were primarily a result of promotional discipline and lower overall market activity in Canada.
The increase in postpaid gross additions year to date was a result of the highly promotional and competitive Canadian market activity in the first quarter.
Equipment revenue
The 9% increase in equipment revenue this quarter and 6% increase year to date were primarily a result of:
a continued shift in the product mix towards higher-value devices;higher device upgrades by existing customers; anddisciplined pricing; partially offset bya decrease in new subscribers purchasing devices. Operating costs
Cost of equipment
The 2% increase in the cost of equipment this quarter and 1% increase year to date were a result of the equipment revenue changes discussed above.
Other operating costs
The 1% increases in other operating costs this quarter and year to date were a result of higher commissions and higher costs related to Rogers Satellite.
Adjusted EBITDA
The 1% increases in adjusted EBITDA this quarter and year to date were a result of the revenue and expense changes discussed above.
CABLE
Cable Financial Results
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except margins)2026 2025 % Chg 2026 2025 % Chg Revenue Service revenue from external customers1,961 1,957 — 5,835 5,808 — Service revenue from internal customers18 17 6 56 51 10 Service revenue1,979 1,974 — 5,891 5,859 1 Equipment revenue from external customers8 7 14 28 25 12 Revenue1,987 1,981 — 5,919 5,884 1 Operating costs823 828 (1)2,475 2,476 — Adjusted EBITDA1,164 1,153 1 3,444 3,408 1 Adjusted EBITDA margin58.6%58.2%0.4 pts 58.2%57.9%0.3 pts Capital expenditures315 477 (34)1,090 1,327 (18)
Cable Subscriber Results 1
Three months ended September 30
Nine months ended September 30
(In thousands, except ARPA and penetration) 2026 2025 Chg
2026 2025 Chg
Homes passed2 10,683 10,438 245 10,683 10,438 245 Customer relationships Net (losses) additions (2) 20 (22) 4 40 (36)Total customer relationships2 4,860 4,845 15 4,860 4,845 15 ARPA (monthly)3$135.72 $136.05 ($0.33)$134.80 $136.47 ($1.67) Penetration2 45.5% 46.4%(0.9 pts
) 45.5% 46.4%(0.9 pts
) Retail Internet Net additions 10 29 (19) 34 78 (44)Total retail Internet subscribers2 4,531 4,475 56 4,531 4,475 56 Video Net losses (35) (36) 1 (89) (93) 4 Total Video subscribers2 2,414 2,524 (110) 2,414 2,524 (110)Home Monitoring Net additions 5 7 (2) 10 15 (5)Total Home Monitoring subscribers2 163 148 15 163 148 15 Home Phone Net losses (26) (31) 5 (82) (86) 4 Total Home Phone subscribers2 1,307 1,421 (114) 1,307 1,421 (114) 1 Subscriber results are key performance indicators. See "Key Performance Indicators".
2 As at end of period.
3 ARPA is a supplementary financial measure. See "Non-GAAP and Other Financial Measures" in our Q3 2026 MD&A for more information about this measure, available at www.sedarplus.ca.
Service revenue
Service revenue this quarter was in line with the prior year. The 1% increase year to date was a result of:
retail Internet subscriber growth; andbase management activities, including adjustments to subscriber rates and bundled service offerings; partially offset bydeclines in our Home Phone and Video subscriber bases. Our customer-facing data centre business, which we sold in late 2025, reflected approximately 1% of Cable service revenue in the prior year.
Operating costs
The 1% decrease in operating costs this quarter was a result of:
ongoing efficiency and productivity initiatives; partially offset byincreased licensing rights associated with changes to our bundled service offerings. Operating costs for the year to date were stable.
Adjusted EBITDA
The 1% increases in adjusted EBITDA this quarter and year to date were a result of the service revenue and expense changes discussed above. Our customer-facing data centre business, which we sold in late 2025, reflected approximately 0.5% of Cable adjusted EBITDA in the prior year.
MEDIA
Media Financial Results
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except margins)2026 2025 % Chg 2026 2025 % Chg Revenue from external customers750 678 11 2,741 1,820 51 Revenue from internal customers71 75 (5)223 232 (4)Revenue821 753 9 2,964 2,052 44 Operating costs737 678 9 2,811 2,032 38 Adjusted EBITDA84 75 12 153 20 n/m Adjusted EBITDA margin10.2%10.0%0.2 pts 5.2%1.0%4.2 pts Capital expenditures46 75 (39)165 136 21
Revenue
The 9% increase in revenue this quarter was a result of:
higher sports revenue, including:
higher game day attendance at the Toronto Blue Jays;
the NHL regular season beginning in September this year; and
higher sports league and other revenue related to other sporting events held at our venues;
higher advertising revenue on Sportsnet; and
higher subscriber revenue from the Warner Bros. Discovery suite of channels; partially offset by
lower advertising revenue as a result of ongoing softness in non-sports media advertising. The 44% increase in revenue year to date was primarily a result of the consolidation of MLSE beginning in the second half of 2025, which contributed $0.79 billion in revenue in the first and second quarters of 2026. Excluding the consolidation of MLSE, organic revenue growth was 6% year to date as a result of higher game day attendance at the Toronto Blue Jays and higher subscriber revenue from the Warner Bros. Discovery suite of channels, partially offset by lower advertising revenue.
Operating costs
The 9% increase in operating costs this quarter was a result of:
higher player salaries and related costs at the Toronto Blue Jays and the Toronto Maple Leafs, including as a result of the NHL regular season beginning in September this year; andhigher programming costs. The 38% increase year to date was primarily a result of the consolidation of MLSE beginning in the second half of 2025, which contributed $0.64 billion in costs in the first and second quarters of 2026. Excluding the consolidation of MLSE, the organic increase in operating costs was 7% year to date and primarily reflects higher player salaries and other game day costs at the Toronto Blue Jays and higher programming costs.
Adjusted EBITDA
The increases in adjusted EBITDA this quarter and year to date were a result of the revenue and expense changes discussed above.
CAPITAL EXPENDITURES
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except capital intensity)2026 2025 % Chg 2026 2025 % Chg Wireless171 367 (53)638 1,139 (44)Cable315 477 (34)1,090 1,327 (18)Media46 75 (39)165 136 21 Corporate(8)45 (118)134 171 (22) Capital expenditures1524 964 (46)2,027 2,773 (27) Capital intensity29.6%18.0%(8.4 pts)12.3%17.8%(5.5 pts) 1 Includes additions to property, plant and equipment net of proceeds on disposition and accrued government grants, but does not include expenditures for spectrum licences, additions to right-of-use assets, or assets acquired through business combinations.
2 Capital intensity is a supplementary financial measure. See "Non-GAAP and Other Financial Measures" in our Q3 2026 MD&A for more information about this measure, available at www.sedarplus.ca.
We continue to (i) expand the reach and capacity of our 5G network across the country and (ii) invest in fibre deployments, including fibre-to-the-home (FTTH), in our cable network as we expand our network footprint to reach more homes and businesses, including in rural, remote, and Indigenous communities. These investments are expected to strengthen network resilience and stability and help us bridge the digital divide by expanding our network further into rural and underserved areas through participation in various programs and projects. In April 2026, we updated our 2026 capital expenditure guidance range (see "Financial Guidance") as a direct reflection of the ongoing impacts from heightened competitive intensity and recent regulatory decisions. Our strategic priorities remain unchanged and our current capital expenditure guidance range continues to support these priorities. We expect to achieve our guidance range through (i) ongoing investments progressing at a slower pace, (ii) the deferral, cancellation, or sale of certain projects, and (iii) lower capital costs for projects, most predominantly affecting Wireless and Cable.
Wireless
In addition to the above, the decreases in capital expenditures in Wireless this quarter and year to date were due to the impact of $133 million and $223 million (2025 - $13 million and $13 million), respectively, of proceeds received on the sale of certain network assets, which reduced capital expenditures. We continued to expand and enhance our wireless network through investments in network development and 5G deployment. We are actively deploying advanced spectrum assets, including the ongoing rollout of 3500 MHz spectrum and 3800 MHz spectrum. These investments build on our existing 5G infrastructure in the 600 MHz spectrum band, enabling greater speed, lower latency, and improved reliability for customers across urban and rural areas.
Cable
In addition to the above, the decreases in capital expenditures in Cable this quarter and year to date were a result of customers increasingly choosing to self-install new products. We also sold certain cable network assets for $86 million and $132 million (2025 - nil and $47 million) this quarter and year to date, respectively, the proceeds from which reduced capital expenditures. The sold assets were associated with under-construction rural fibre network projects we have deprioritized in the current environment. We are growing our network through expanded fibre deployments to increase our FTTH distribution and to extend our service footprint. At the same time, we are enhancing our network by upgrading our DOCSIS 3.1 platform as we transition to DOCSIS 4.0 to improve network resilience, stability, and capacity while delivering faster speeds. As part of this upgrade, we are rolling out mid-split technology (which has a greater number of frequencies than older technology and also allocates a greater number of frequencies to uploading data) in Ontario and Eastern Canada, significantly increasing upload speeds. These advancements leverage the latest technologies to provide greater bandwidth, improved performance, and an enhanced customer experience as we advance our connected home roadmap.
Media
The decrease in capital expenditures in Media this quarter was a result of lower modernization costs at Scotiabank Arena as construction nears completion. The increase year to date reflects higher costs in the first half of the year related to the continued modernization of Rogers Centre and Scotiabank Arena.
Corporate
The decreases in capital expenditures in Corporate this quarter and year to date primarily reflect the impact of $55 million (2025 - nil and $5 million) of proceeds received on the sale of certain real estate (land and building) assets.
Capital intensity
Capital intensity decreased this quarter and year to date as a result of the revenue growth and capital expenditure changes discussed above.
Review of Consolidated Performance
This section discusses our consolidated net income and other income and expenses that do not form part of the segment discussions above.
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 % Chg 2026 2025 % Chg Adjusted EBITDA2,535 2,515 1 7,341 7,131 3 Deduct (add): Depreciation and amortization1,202 1,230 (2)3,617 3,580 1 Restructuring, acquisition and other104 51 104 364 416 (13)Finance costs623 252 147 1,631 1,459 12 Gain on disposition of assets(67)— — (97)— — Other (income) expense1(22)(4,998)(100)993 (5,005)n/m Income tax expense200 212 (6)521 485 7 Net income495 5,768 (91)312 6,196 (95) 1 Other income for the three and nine months ended September 30, 2025 includes a $40 million reduction to the gain on revaluation of our investment in MLSE in the third quarter of 2025 as a result of finalization adjustments to the preliminary purchase price allocation for the MLSE Transaction.
Depreciation and amortization
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 % Chg 2026 2025 % Chg Depreciation of property, plant and equipment927 971 (5)2,815 2,835 (1)Depreciation of right-of-use assets140 117 20 384 328 17 Amortization135 142 (5)418 417 — Total depreciation and amortization1,202 1,230 (2)3,617 3,580 1
Restructuring, acquisition and other
Three months ended September 30 Nine months ended September 30 (In millions of dollars)20262025 20262025 Restructuring, acquisition and other excluding Shaw Transaction integration-related costs9735 342338 Shaw Transaction integration-related costs716 2278 Total restructuring, acquisition and other10451 364416
The restructuring, acquisition and other costs excluding Shaw Transaction integration-related costs in the third quarter and year to date in 2025 and 2026 primarily include severance and other departure-related costs associated with the targeted restructuring of our employee base, specifically including $120 million arising from a voluntary departure program in the second quarter of 2026. Year to date in 2026, we also incurred costs associated with certain litigation.
In 2025, the third quarter costs also included expenses related to closing the MLSE Transaction and real estate rationalization programs. Year to date in 2025, the costs also included expenses directly related to completing the network transaction and an unfavourable regulatory decision related to retransmission of distant signals.
The Shaw Transaction integration-related costs in 2025 and 2026 consisted of incremental costs supporting integration activities related to the Shaw Transaction.
Finance costs
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 % Chg 2026 2025 % Chg Interest on borrowings, net1497 481 3 1,481 1,480 — Interest on lease liabilities42 37 14 122 109 12 Interest on post-employment benefits(2)(1)100 (5)(4)25 Gain on redemption of long-term debt2— (151)(100)— (151)(100)(Gain) loss on foreign exchange(7)43 n/m 30 (43)n/m Change in fair value of derivative instruments4 (62)n/m (31)10 n/m Change in fair value of subsidiary equity derivative instruments338 (134)n/m (83)(41)102 Capitalized interest(8)(7)14 (22)(24)(8)Deferred transaction costs and other59 46 28 139 123 13 Total finance costs623 252 147 1,631 1,459 12 1 Interest on borrowings, net includes interest on short-term borrowings and on long-term debt.
2 Reflects the net gain on the redemption of long-term debt purchased in the third quarter of 2025 (see "Managing our Liquidity and Financial Resources" in our Q3 MD&A for more information).
3 Reflects the change in fair value of derivatives entered into related to the network transaction (see "Financial Risk Management" in our Q3 MD&A for more information). This amount is removed from the calculation of adjusted net income and adjusted net income attributable to RCI shareholders (see below).
Other (income) expense
The other expense year to date primarily reflects a $1,034 million non-cash loss to recognize the change in the fair value of the MLSE put liability from $3.3 billion to $4.35 billion as at June 30, 2026, as a result of the July 2026 agreement to complete the MLSE minority interest acquisition (see "Update on sports and entertainment assets"). In 2025, the other income primarily reflected a $5 billion non-cash gain to recognize our interest in MLSE at fair value, which was required as a result of the MLSE Transaction.
Income tax expense
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except tax rates)2026 2025 2026 2025 Statutory income tax rate26.2%26.2%26.2%26.2%Income before income tax expense695 5,980 833 6,681 Computed income tax expense182 1,567 218 1,751 Increase (decrease) in income tax expense resulting from: Non-taxable gain on revaluation of MLSE investment— (1,304)— (1,304)Non-(taxable) deductible stock-based compensation(2)7 (6)6 Non-taxable portion of equity income— (4)(3)(3)Non-deductible loss on revaluation of MLSE put liability— — 274 — Non-deductible (taxable) portion of capital losses (gains)10 (31)— 13 Unrealized capital losses for which no deferred tax asset is recognized13 4 32 49 Recognition of previously unrecognized capital loss carryforwards— (10)— (10)Other items(3)(17)6 (17) Total income tax expense200 212 521 485 Effective income tax rate28.8%3.5%62.5%7.3%Cash income taxes paid48 234 414 548
Cash income taxes paid decreased this quarter and year to date due to timing of installments.
Net income
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except per share amounts) 2026 2025 % Chg 2026 2025 % Chg Net income 495 5,768 (91) 312 6,196 (95)Net income attributable to RCI shareholders 482 5,714 (92) 194 6,151 (97)Basic earnings per share attributable to RCI shareholders$0.89 $10.58 (92)$0.36 $11.41 (97)Diluted earnings per share attributable to RCI shareholders$0.88 $10.54 (92)$0.33 $11.38 (97)
Adjusted net income
We calculate adjusted net income from adjusted EBITDA as follows:
Three months ended September 30
Nine months ended September 30
(In millions of dollars, except per share amounts) 2026 2025 % Chg 2026 2025 % Chg Adjusted EBITDA 2,535 2,515 1 7,341 7,131 3 Deduct (add): Depreciation and amortization1 1,029 1,020 1 3,091 2,929 6 Finance costs2 585 537 9 1,714 1,651 4 Other income3 (22) (22)— (41) (29)41 Income tax expense4 242 254 (5) 693 679 2 Adjusted net income 701 726 (3) 1,884 1,901 (1)Adjusted net income attributable to RCI shareholders 704 740 (5) 1,894 1,903 — Adjusted earnings per share attributable to RCI shareholders: Basic$1.30 $1.37 (5)$3.51 $3.53 (1)Diluted$1.29 $1.37 (6)$3.46 $3.52 (2) 1 Depreciation and amortization excludes depreciation and amortization on the fair value increment recognized on acquisition of Shaw Transaction-related property, plant and equipment and intangible assets for the three and nine months ended September 30, 2026 of $173 million and $526 million (2025 - $210 million and $651 million). Adjusted net income includes depreciation and amortization on the acquired Shaw property, plant and equipment and intangible assets based on Shaw's historical cost and depreciation policies.
2 Finance costs exclude the $38 million and $83 million (2025 - $134 million and $41 million) change in fair value of subsidiary equity derivative instruments for the three and nine months ended September 30, 2026. Finance costs also exclude the $151 million gain on repayment of long-term debt for the three and nine months ended September 30, 2025.
3 Other income excludes a $1,034 million non-cash loss on revaluation of the MLSE put liability for the nine months ended September 30, 2026 (see "Update on sports and entertainment assets" for more information). Other income also excludes a $4,976 million gain on revaluation of our investment in MLSE as a result of the MLSE Transaction for the three and nine months ended September 30, 2025.
4 Income tax expense excludes recoveries of $42 million and $172 million (2025 - recoveries of $42 million and $194 million), respectively, for the three and nine months ended September 30, 2026 related to the income tax impact for adjusted items.
Regulatory Developments
See "Regulation in our Industry" in our 2025 Annual MD&A for a discussion of the significant regulations that affected our operations as at March 6, 2026. The following are the relevant developments since that date.
Millimetre Wave (mmWave) Spectrum Licence Auction
On September 24, 2026, Innovation, Science and Economic Development Canada announced that the mmWave spectrum licence auction originally scheduled to start on October 19, 2027 has been rescheduled to start on January 25, 2028.
Sovereign Internet
On September 15, 2026, the Government of Canada announced its intention to support the development of a new Internet network to provide sovereign connectivity across Canada, including northern and Arctic regions, and to establish more direct international links to Europe and Asia. The initiative forms part of the government's broader strategy to strengthen Canada's digital sovereignty, enhance network resilience, reduce reliance on foreign infrastructure, and support growing demand for connectivity and data-intensive applications such as artificial intelligence. Governance, ownership, and funding models have yet to be determined.
Self-service Mechanisms
On April 24, 2026, the CRTC issued Telecom Regulatory Policy CRTC 2026-78, Enhancing self-service mechanisms, requiring service providers to, among other things, ensure customers can modify and cancel their plans through a self-service mechanism. The definition of "self-service" includes any mechanism that is easy to use and enables a customer to perform actions in relation to their service plan, including modification and cancellation, without interacting with a live customer service representative. The new requirements will come into effect on April 26, 2027.
Prohibition of Fees
On March 12, 2026, the CRTC issued Telecom Regulatory Policy CRTC 2026‑43, Prohibition of fees that are a barrier to switching cellphone and Internet plans, regarding fees incurred as a result of activating or modifying telecommunications service plans. The policy amends both the Internet Code and the Wireless Code to add a new definition of "activation or modification fee", which amendments became effective on June 12, 2026. On June 30, 2026, the CRTC issued Notice of Consultation CRTC 2026-155, Show cause and call for comments - Compliance with the prohibition of fees that are a barrier to switching cellphone and Internet plans, requiring each of Rogers, Bell, and Telus to show cause why certain fees charged by those carriers that the CRTC believes may be in contravention of Telecom Regulatory Policy 2026-43 are not in violation of sections 24 and 27.04 of the Telecommunications Act and Telecom Regulatory Policy 2026-43. Submissions addressing the issues were due to the CRTC by August 31, 2026, with replies due by September 10, 2026.
CRTC Codes of Conduct
On April 13, 2026, in Telecom Regulatory Policy CRTC 2026-67, Enhancing customer notifications, the CRTC amended the Wireless Code and the Internet Code to set out what information must be included in notices sent to customers before the end of their contract and to require notifications to customers before the end of a time-limited discount or promotion and when their data usage reaches $50 when roaming internationally. The new requirements will come into effect on April 13, 2027.
Further, on September 10, 2026, the CRTC issued Telecom Regulatory Policy CRTC 2026-238, Making it easier for consumers to shop for Internet services, requiring Internet service providers covered by the Internet Code to post additional information about Internet services by advertising and contractually disclosing (i) typical download and upload speeds, including ensuring customers receive at least 95% of those committed speeds during "peak hours" (defined as weekdays between 7:00pm and 11:00pm) and 100% of those speeds outside peak hours and (ii) a latency range for each service plan using defined categories (less than 50 ms, 51-150 ms, or greater than 151 ms). The CRTC has required this information be provided in contracts, critical information summaries, and marketing materials. The new requirements will come into effect on March 10, 2027.
Online Streaming Act
On May 21, 2026, the CRTC issued Broadcasting Regulatory Policies CRTC 2026-95 and 2026-96, which introduced (i) a new financial contribution requirement of 1.55% of annual Canadian broadcasting revenues to support a new Services of Exceptional Importance Fund (SEIF) applicable to all broadcasting ownership groups with annual revenues of at least $100 million and (ii) a new Canadian Programming Expenditures (CPE) framework. On June 3, 2026, the Government of Canada directed the CRTC to review its decision to regulate online streamers and Canadian broadcasters and stated it would be issuing new policy directions to the CRTC requiring it to adjust its implementation of the Online Streaming Act.
Updates to Risks and Uncertainties
See "Risk Management" and "Regulation in our Industry" in our 2025 Annual MD&A for a discussion of the principal risks and uncertainties that could have a material adverse effect on our business and financial results as at March 6, 2026, which should be reviewed in conjunction with this MD&A. The following updates and supplements those risks and uncertainties.
Monetization of sports, media, and entertainment assets
We intend to sell a minority interest in Rogers Sports (see "Update on sports and entertainment assets") and use the proceeds therefrom to repay debt. While we believe there is a significant market for these assets, there is no guarantee we will be successful in selling a minority interest, whether at the expected investment amount, within the anticipated timing, or at all. Such a sale would also require approval from the various leagues governing our professional sports teams, which is not guaranteed. We may not proceed with, or complete, any sale of a minority interest in Rogers Sports, whether at the expected investment amount, within the anticipated timing, or at all, due to alternative opportunities or requirements, general economic and market conditions, or other internal or external considerations. Any sale of a minority interest in Rogers Sports, if completed, may be at a valuation that is less than expected or may not raise the anticipated proceeds and may not unlock significant value from our sports assets. Additionally, we may use the proceeds from the sale of a minority interest in Rogers Sports, if completed, for other purposes, whether due to alternative opportunities or requirements, general economic and market conditions, or other internal or external considerations.
Sports franchises
After obtaining a 100% ownership interest in MLSE (see "Update on sports and entertainment assets"), our exposure to risks associated with owning and operating sports franchises and venues has increased.
Government broadband subsidy programs
We have agreements related to the Government of Canada's Universal Broadband Fund (UBF) and the Government of Ontario's Accelerated High-Speed Internet Program (AHSIP) under which we have committed to building networks capable of delivering Internet services to unserved or underserved regions. We have assigned the construction of certain of these lots to various third parties who have agreed, among other things, to complete construction in accordance with the standards and timelines contained within our agreements with the governments. Notwithstanding these third-party arrangements, we remain responsible for the obligations to the respective government. Should these entities be unable to fulfill their obligations, we would be required to take steps to ensure construction is completed, which could cause us to incur additional capital expenditures or reprioritize other projects to ensure these timelines are met.
Financial Guidance
On April 22, 2026, concurrently with the release of our first quarter 2026 results, we updated our consolidated guidance ranges for select full-year 2026 financial metrics that were originally provided on January 29, 2026 as a direct reflection of the ongoing impacts from heightened competitive intensity and recent regulatory decisions. This press release is available under Rogers' profile on SEDAR+ at sedarplus.ca and on EDGAR at sec.gov.
Key Performance Indicators
We measure the success of our strategy using a number of key performance indicators that are defined and discussed in our 2025 Annual MD&A and this earnings release. We believe these key performance indicators allow us to appropriately measure our performance against our operating strategy and against the results of our peers and competitors. The following key performance indicators, some of which are supplementary financial measures (see "Non-GAAP and Other Financial Measures" in our Q3 2026 MD&A), are not measurements in accordance with IFRS. They include:
subscriber counts; Wireless;Cable; andhomes passed (Cable); Wireless subscriber churn (churn);Wireless mobile phone average revenue per user
(ARPU); Cable average revenue per account (ARPA);Cable customer relationships;Cable market penetration (penetration);capital intensity; andtotal service revenue. Non-GAAP and Other Financial Measures
Reconciliation of adjusted EBITDA
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 2026 2025 Net income495 5,768 312 6,196 Add (deduct): Income tax expense200 212 521 485 Finance costs623 252 1,631 1,459 Depreciation and amortization1,202 1,230 3,617 3,580 EBITDA2,520 7,462 6,081 11,720 Add (deduct): Other (income) expense(22)(4,998)993 (5,005)Restructuring, acquisition and other104 51 364 416 Gain on disposition of assets(67)— (97)— Adjusted EBITDA2,535 2,515 7,341 7,131
Reconciliation of adjusted net income
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 2026 2025 Net income495 5,768 312 6,196 Add (deduct): Restructuring, acquisition and other104 51 364 416 Change in fair value of subsidiary equity derivative instruments38 (134)(83)(41)Depreciation and amortization on fair value increment of Shaw Transaction-related assets173 210 526 651 Gain on repayment of long-term debt— (151)— (151)Gain on revaluation of MLSE investment— (4,976)— (4,976)Loss on revaluation of MLSE put liability— — 1,034 — Gain on disposition of assets(67)— (97)— Income tax impact of above items(42)(42)(172)(194) Adjusted net income701 726 1,884 1,901
Reconciliation of adjusted net income attributable to RCI shareholders
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 2026 2025 Net income attributable to RCI shareholders482 5,714 194 6,151 Add (deduct): Restructuring, acquisition and other104 51 364 416 Change in fair value of subsidiary equity derivative instruments38 (134)(83)(41)Depreciation and amortization on fair value increment of Shaw Transaction-related assets173 210 526 651 Gain on repayment of long-term debt— (151)— (151)Gain on revaluation of MLSE investment— (4,976)— (4,976)Loss on revaluation of MLSE put liability— — 1,034 — Gain on disposition of assets(67)— (97)— Revaluation of subsidiary US dollar-denominated balances119 68 150 47 Income tax impact of above items(45)(42)(194)(194) Adjusted net income attributable to RCI shareholders704 740 1,894 1,903 1 Reflects RCI's share of the impacts of foreign exchange revaluation on US dollar-denominated intercompany balances in BNSI, our non-wholly owned subsidiary formed in connection with the network transaction. These impacts are eliminated on consolidation.
Reconciliation of free cash flow
Three months ended September 30
Nine months ended September 30
(In millions of dollars)2026 2025 2026 2025 Cash provided by operating activities1,658 1,515 4,670 4,407 Add (deduct): Capital expenditures(524)(964)(2,027)(2,773)Interest on borrowings, net and capitalized interest(489)(474)(1,459)(1,456)Interest paid592 543 1,600 1,533 Restructuring, acquisition and other104 51 364 416 Program rights amortization(14)(15)(100)(65)Change in net operating assets and liabilities194 133 513 244 Distributions paid by subsidiaries to non-controlling interests(119)(14)(352)(14)Net cash proceeds on subsidiary equity derivatives15 — 39 — Post-employment benefit contributions, net of expense(18)(19)(52)(55)Cash flows relating to other operating activities(29)75 (66)110 Other investment income— (2)(2)(7) Free cash flow1,370 829 3,128 2,340 Rogers Communications Inc.
Interim Condensed Consolidated Statements of Income
(In millions of Canadian dollars, except per share amounts, unaudited)
Three months ended September 30
Nine months ended September 30
2026 2025 2026 2025 Revenue 5,443 5,348 16,540 15,540 Operating expenses: Operating costs 2,908 2,833 9,199 8,409 Depreciation and amortization 1,202 1,230 3,617 3,580 Restructuring, acquisition and other 104 51 364 416 Finance costs 623 252 1,631 1,459 Gain on disposition of assets (67) — (97) — Other (income) expense (22) (4,998) 993 (5,005) Income before income tax expense 695 5,980 833 6,681 Income tax expense 200 212 521 485 Net income for the period 495 5,768 312 6,196 Net income for the period attributable to: RCI shareholders 482 5,714 194 6,151 Non-controlling interest 13 54 118 45 Earnings per share attributable to RCI shareholders: Basic $0.89 $10.58 $0.36 $11.41 Diluted $0.88 $10.54 $0.33 $11.38 Rogers Communications Inc.
Interim Condensed Consolidated Statements of Financial Position
(In millions of Canadian dollars, unaudited)
As at
September 30 As at
December 31 2026 2025 Assets Current assets: Cash and cash equivalents3,152 1,344 Accounts receivable5,815 6,105 Inventories544 550 Current portion of contract assets158 151 Other current assets1,286 1,239 Current portion of derivative instruments500 99 Total current assets11,455 9,488 Property, plant and equipment26,087 26,307 Intangible assets29,666 28,898 Investments1,308 1,291 Derivative instruments652 746 Financing receivables1,080 1,198 Other long-term assets2,170 2,052 Goodwill20,032 20,032 Total assets92,450 90,012 Liabilities and equity Current liabilities: Short-term borrowings1,322 4,000 Accounts payable and accrued liabilities4,679 4,831 Income tax payable77 — Other current liabilities4,838 3,831 Contract liabilities1,031 1,114 Current portion of long-term debt4,362 1,186 Current portion of lease liabilities827 690 Total current liabilities17,136 15,652 Provisions54 55 Long-term debt37,470 35,872 Lease liabilities2,657 2,428 Other long-term liabilities2,939 2,225 Deferred tax liabilities9,476 9,494 Total liabilities69,732 65,726 Equity Equity attributable to RCI shareholders16,533 17,751 Non-controlling interest6,185 6,535 Equity22,718 24,286 Total liabilities and equity92,450 90,012 Rogers Communications Inc.
Interim Condensed Consolidated Statements of Cash Flows
(In millions of Canadian dollars, unaudited)
Three months ended September 30
Nine months ended September 30
2026 2025 2026 2025 Operating activities: Net income for the period495 5,768 312 6,196 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization1,202 1,230 3,617 3,580 Program rights amortization14 15 100 65 Finance costs623 252 1,631 1,459 Income tax expense200 212 521 485 Post-employment benefits contributions, net of expense18 19 52 55 Income from associates and joint ventures(22)(20)(39)(22)Gain on revaluation of MLSE investment— (4,976)— (4,976)Gain on disposition of assets(67)— (97)— Loss on revaluation of MLSE put liability— — 1,034 — Other29 (75)66 (110)Cash provided by operating activities before changes in net operating assets and liabilities, income taxes paid, and interest paid2,492 2,425 7,197 6,732 Change in net operating assets and liabilities(194)(133)(513)(244)Income taxes paid(48)(234)(414)(548)Interest paid, net(592)(543)(1,600)(1,533) Cash provided by operating activities1,658 1,515 4,670 4,407 Investing activities: Capital expenditures(524)(964)(2,027)(2,773)Additions to program rights and other intangible assets(32)(21)(173)(69)Changes in non-cash working capital related to investing activities116 (51)(79)(107)Acquisitions and other strategic transactions, net of cash acquired— (4,499)(85)(4,499)Other9 (3)— 5 Cash used in investing activities(431)(5,538)(2,364)(7,443) Financing activities: Net (repayment of) proceeds received from short-term borrowings(917)1,972 (2,708)636 Net issuance (repayment) of long-term debt1,670 (2,928)3,839 (2,504)Net proceeds (payments) on settlement of debt derivatives and subsidiary equity derivatives23 (37)49 40 Transaction costs incurred(26)(4)(55)(103)Principal payments of lease liabilities(161)(147)(458)(414)Dividends paid to RCI shareholders(270)(270)(810)(643)Distributions paid by subsidiaries to non-controlling interests(119)(14)(352)(14)Issuance of subsidiary shares to non-controlling interest— — — 6,656 Other(1)— (3)(4) Cash provided by (used in) financing activities199 (1,428)(498)3,650 Change in cash and cash equivalents1,426 (5,451)1,808 614 Cash and cash equivalents, beginning of period1,726 6,963 1,344 898 Cash and cash equivalents, end of period3,152 1,512 3,152 1,512 About Forward-Looking Information
This earnings release includes "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws (collectively, "forward-looking information"), and assumptions about, among other things, our business, operations, and financial performance and condition approved by our management on the date of this earnings release. This forward-looking information and these assumptions include, but are not limited to, statements about our objectives and strategies to achieve those objectives, and about our beliefs, plans, expectations, anticipations, estimates, or intentions.
Forward-looking information
typically includes words like could, expect, may, anticipate, assume, believe, intend, estimate, plan, project, guidance, outlook, target, and similar expressions;includes conclusions, forecasts, and projections that are based on our current objectives and strategies and on estimates, expectations, assumptions, and other factors that we believe to have been reasonable at the time they were applied but may prove to be incorrect; andwas approved by our management on the date of this earnings release. Our forward-looking information in this earnings release includes forecasts and projections related to the following items, among others:
revenue;total service revenue;adjusted EBITDA;capital expenditures;cash income tax payments;free cash flow (including its application to strengthen our balance sheet through accelerated debt repayment);dividend payments;the growth of new products and services;expected growth in subscribers and the services to which they subscribe; the cost of acquiring and retaining subscribers and deployment of new services;continued cost reductions and efficiency improvements;our debt leverage ratio and how we intend to manage that ratio;
the sale of a minority interest in Rogers Sports to third-party investors, including the timing, size, amount, and use of proceeds therefrom and the value it may unlock from our sports assets; andall other statements that are not historical facts. Our conclusions, forecasts, and projections in this earnings release are based on a number of estimates, expectations, assumptions, and other factors, including, among others:
general economic and industry conditions, including the effects of inflation;currency exchange rates and interest rates;product pricing levels and competitive intensity;subscriber growth;pricing, usage, and churn rates;changes in government regulation; technology and network deployment;availability of devices;timing of new product launches;content and equipment costs;the integration of acquisitions; andindustry structure and stability. Except as otherwise indicated, this earnings release and our forward-looking information do not reflect the potential impact of any non-recurring or other special items or of any dispositions, monetization events, mergers, acquisitions, other business combinations, or other transactions that may be considered or announced or may occur after the date on which the statement containing the forward-looking information is made.
Risks and uncertainties
Actual events and results may differ materially from what is expressed or implied by forward-looking information in this earnings release as a result of risks, uncertainties, and other factors, many of which are beyond our control or our current expectations or knowledge, including, but not limited to:
regulatory changes;
technological changes;
economic, geopolitical, and other conditions affecting commercial activity and the costs of goods and services, including the potential application or modification of tariffs, trade wars, recessions, or reduced immigration levels;
unanticipated changes in content or equipment costs;
changing conditions in the sports, media, entertainment, information, and communications industries;
performance of our sports teams, including uncertainty as to their participation or success in their respective postseasons;sports-related work stoppages or cancellations and labour disputes;
the integration of acquisitions;
litigation and tax matters;the level of competitive intensity;
the emergence of new opportunities;
external threats, such as epidemics, pandemics, and other public health crises, natural disasters, the effects of climate change, or cyberattacks, among others;
the anticipated benefits of the MLSE Transaction and the MLSE minority interest acquisition may not be realized;
we may be unable to proceed with, or complete, the sale of a minority interest in Rogers Sports, within the anticipated timing or at all, due to alternative opportunities or requirements, general economic and market conditions, or other internal or external considerations;if completed, the sale of a minority interest in Rogers Sports may not be at the expected valuation or may not raise the anticipated proceeds and may not unlock significant value from our sports assets;if completed, we may use the proceeds from the sale of a minority interest in Rogers Sports for other purposes, whether due to alternative opportunities or requirements, general economic and market conditions, or other internal or external considerations;new interpretations or accounting standards, or changes to existing interpretations and accounting standards, from accounting standards bodies;changes to the methodology, criteria, or conclusions used by rating agencies in assessing or assigning equity treatment or equity credit on our subordinated notes or for the network transaction; andthe other risks outlined in "Risks and Uncertainties Affecting our Business" in our 2025 Annual MD&A and "Updates to Risks and Uncertainties" in this earnings release. These risks, uncertainties, and other factors can also affect our objectives, strategies, plans, and intentions. Should one or more of these risks, uncertainties, or other factors materialize, our objectives, strategies, plans, or intentions change, or any other factors or assumptions underlying the forward-looking information prove incorrect, our actual results and our plans could vary materially from what we currently foresee.
Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and caution them that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information or the factors or assumptions underlying them, whether as a result of new information, future events, or otherwise, except as required by law. All of the forward-looking information in this earnings release is qualified by the cautionary statements herein.
Before making an investment decision
Before making any investment decisions and for a detailed discussion of the risks, uncertainties, and environment associated with our business, its operations, and its financial performance and condition, fully review the sections of this earnings release entitled "Updates to Risks and Uncertainties" and "Regulatory Developments" and fully review the sections in our 2025 Annual MD&A entitled "Regulation in our Industry" and "Risk Management", as well as our various other filings with Canadian and US securities regulators, which can be found at sedarplus.ca and sec.gov, respectively. Information on or connected to sedarplus.ca, sec.gov, our website, or any other website referenced in this document is not part of or incorporated into this earnings release.
About Rogers
Rogers is Canada's communications, sports and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI).
Investment Community Contact
Media Contact
David Naccarato
416.987.0264 [email protected] Schmidt
647.643.6397 [email protected] Quarterly Investment Community Teleconference
Our third quarter 2026 results teleconference with the investment community will be held on:
October 23, 2026
8:00 a.m. Eastern Time
webcast available at about.rogers.com/investor-relations
media are welcome to participate on a listen-only basis A rebroadcast will be available at about.rogers.com/investor-relations for at least two weeks following the teleconference. Additionally, investors should note that from time to time, Rogers management presents at brokerage-sponsored investor conferences. Most often, but not always, these conferences are webcast by the hosting brokerage firm, and when they are webcast, links are made available on our website at about.rogers.com/investor-relations.
For More Information
You can find more information relating to us on our website (about.rogers.com/investor-relations), on SEDAR+ (sedarplus.ca), and on EDGAR (sec.gov), or you can e-mail us at [email protected]. Information on or connected to these and any other websites referenced in this earnings release is not part of, or incorporated into, this earnings release.
You can also go to about.rogers.com/investor-relations for information about our governance practices, corporate social responsibility reporting, a glossary of communications and media industry terms, and additional information about our business.
January 5, 2027 payment date following December 8, 2026 record date | Source: Rogers Communications, Inc.
TORONTO, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors (the “Board”) declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares and Class A Voting shares.
The declared Quarterly Dividend will be paid January 5, 2027 to shareholders of record on December 8, 2026. Such quarterly dividends are only payable as and when declared by the Board and there is no entitlement to any dividend prior thereto.
About Rogers Communications Inc:
Rogers is Canada’s communications, sports and entertainment company and its shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit rogers.com or about.rogers.com/investor-relations.
For further information:
Investor Relations
1-844-801-4792 [email protected]
Gorman-Rupp ve třetím čtvrtletí 2026 zvýšila tržby o 11,8 % na rekordních 193,3 milionu USD a čistý zisk zdvojnásobila na 22,7 milionu USD neboli 0,86 USD na akcii.
MANSFIELD, Ohio--(BUSINESS WIRE)--The Gorman-Rupp Company (NYSE: GRC) reports financial results for the third quarter ended September 30, 2026.
Third Quarter 2026 Highlights
Record net sales of $193.3 million increased 11.8%, or $20.4 million, compared to the third quarter of 2025 Record net income of $22.7 million, or $0.86 per share, compared to net income of $11.3 million, or $0.43 per share, for the third quarter of 2025 Adjusted earnings per share1 for the third quarter of 2026 and 2025 were $0.86 and $0.52, respectively Record adjusted EBITDA1 of $41.8 million, which was 21.6% of sales, an increase of $9.5 million, or 29.4%, over the third quarter of 2025 Net sales for the third quarter of 2026 were $193.3 million compared to net sales of $172.8 million for the third quarter of 2025, an increase of 11.8%, or $20.4 million. Sales increased across all of our markets driven by volume growth as well as price increases taken in the first quarter of 2026. Sales increased $4.7 million in the agriculture market, $3.5 million in the construction market, and $3.4 million in the industrial market, in each case due in part to improvement across Fill-Rite’s sales channels. Sales in the construction market also benefited from increased sales of rental equipment and industrial sales benefited from increased HVAC demand. Sales increased $3.8 million in the fire suppression market due to increased international sales. In addition, sales increased $2.0 million in the municipal market, $1.4 million in the OEM market, $1.0 million in the petroleum market, and $0.6 million in the repair market.
Gross profit was $64.5 million for the third quarter of 2026, resulting in gross margin of 33.4%, compared to gross profit of $50.4 million and gross margin of 29.2% for the same period in 2025. Gross profit for the third quarter of 2025 included $2.7 million of one-time facility optimization costs. The 420 basis point increase in gross margin was driven by a 190 basis point improvement in labor and overhead expense (130 basis points driven by leverage on increased sales and 60 basis points driven by favorable medical expenses), a 160 basis point improvement from 2025 facility optimization costs that did not recur, and a 70 basis point reduction in LIFO expense.
Selling, general and administrative (“SG&A”) expenses were $27.5 million and improved to 14.3% of net sales for the third quarter of 2026 compared to $25.9 million and 15.0% of net sales for the same period in 2025. The decrease in SG&A expense as a percent of net sales was driven by improved leverage on SG&A expenses from increased sales.
Operating income was $33.9 million for the third quarter of 2026, resulting in an operating margin of 17.5%, compared to operating income of $21.5 million and an operating margin of 12.4% for the same period in 2025. Operating income for the third quarter of 2025 included $3.0 million of one-time facility optimization costs. The 510 basis point increase in operating margin was driven by a 420 basis point improvement in gross margin as well as a 90 basis point improvement in leverage on SG&A and amortization.
Interest expense was $4.3 million for the third quarter of 2026 compared to $5.8 million for the same period in 2025. The decrease in interest expense was due primarily to a decrease in outstanding debt.
Net income was $22.7 million, or $0.86 per share, for the third quarter of 2026 compared to net income of $11.3 million, or $0.43 per share, in the third quarter of 2025. Adjusted earnings per share1 for the third quarter of 2026 and 2025 were $0.86 and $0.52, respectively.
Adjusted EBITDA1 was $41.8 million and 21.6% of sales for the third quarter of 2026 compared to $32.3 million and 18.7% of sales for the third quarter of 2025.
Year to date 2026 Highlights
Net sales of $555.9 million increased 7.8%, or $40.1 million, compared to the first nine months of 2025 Net income of $60.0 million, or $2.27 per share, compared to net income of $39.3 million, or $1.49 per share, for the first nine months of 2025 Adjusted earnings per share1 for the first nine months of 2026 and 2025 were $2.27 and $1.58, respectively Adjusted EBITDA1 of $115.5 million, which was 20.8% of sales, an increase of $18.3 million, or 18.8%, over the first nine months of 2025 Total debt decreased $58.0 million through the first nine months of 2026 Net sales for the first nine months of 2026 were $555.9 million compared to net sales of $515.8 million for the first nine months of 2025, an increase of 7.8%, or $40.1 million. Sales increased in the majority of our markets including a sales increase of $14.7 million in the construction market due to increased demand in mining and sales of rental equipment, $13.3 million in the agriculture market due to broad-based improvement across Fill-Rite's sales channels, $8.6 million in the industrial market due to increased domestic investment, $4.0 million in the OEM market, $3.9 million in the municipal market, and $0.2 million in the petroleum market. Offsetting these increases were a decrease of $3.8 million in the fire suppression market and a decrease of $0.8 million in the repair market.
Gross profit was $182.5 million for the first nine months of 2026, resulting in gross margin of 32.8%, compared to gross profit of $156.8 million and gross margin of 30.4% for the same period in 2025. Gross profit for the first nine months of 2025 included $2.7 million of one-time facility optimization costs. The 240 basis point increase in gross margin included a 100 basis point improvement in margin on material (30 basis points of which was attributable to a decrease in LIFO expense), a 90 basis point improvement in leverage on labor and overhead expense resulting from increased sales, and a 50 basis point improvement from 2025 facility optimization costs that did not recur.
SG&A expenses were $81.5 million and improved to 14.7% of net sales for the first nine months of 2026 compared to $77.0 million and 14.9% of net sales for the same period in 2025. SG&A expenses increased due to increased incentive-based payroll expenses, higher advertising expenses, and increased freight out costs driven by increased sales. The decrease in SG&A expense as a percent of net sales was driven by improved leverage on SG&A expenses from increased sales.
Operating income was $91.8 million for the first nine months of 2026, resulting in an operating margin of 16.5%, compared to operating income of $70.5 million and an operating margin of 13.7% for the same period in 2025. Operating income for the first nine months of 2025 included $3.0 million of one-time facility optimization costs. The 280 basis point increase in operating margin was driven by a 240 basis point improvement in gross margin as well as a 40 basis point improvement in leverage on SG&A and amortization.
Interest expense was $13.9 million for the first nine months of 2026 compared to $18.0 million for the same period in 2025. The decrease in interest expense was primarily due to a decrease in outstanding debt.
Net income was $60.0 million, or $2.27 per share, for the first nine months of 2026 compared to net income of $39.3 million, or $1.49 per share, for the first nine months of 2025. Adjusted earnings per share1 for the first nine months of 2026 and 2025 were $2.27 per share and $1.58 per share, respectively.
Adjusted EBITDA1 was $115.5 million and 20.8% of net sales for the first nine months of 2026 compared to $97.3 million and 18.9% of net sales for the first nine months of 2025.
Incoming orders for the first nine months of 2026 were $562.2 million, an increase of 2.2%, or $12.0 million, compared to the same period in 2025. The Company’s backlog of orders was $236.8 million at September 30, 2026 compared to $234.2 million at September 30, 2025 and $244.0 million at December 31, 2025.
Net cash provided by operating activities for the first nine months of 2026 was $114.9 million compared to $91.2 million for the same period in 2025. The increase in cash provided by operating activities in the first nine months of 2026 compared to the same period last year was primarily due to increased net income. Capital expenditures for the first nine months of 2026 were $14.7 million and consisted primarily of machinery and equipment. Capital expenditures for the full-year 2026 are presently planned to be approximately $22.0 - $24.0 million. Total debt decreased $58.0 million during the first nine months of 2026.
Scott A. King, President and CEO, commented, “We are very pleased with our third-quarter results, which included record net sales, gross margin, and earnings per share. This marks the third consecutive quarter with record earnings per share and the second consecutive quarter with record sales. Our sales growth was broad-based with all of our markets showing growth over the same quarter last year. Our margins remained strong as increased volumes drove leverage on labor, overhead and SG&A expenses. These operating improvements, together with lower interest expense, contributed to record earnings and strong cash generation. Solid operating cash flow allowed us to reduce total debt by $58.0 million during the first nine months of the year while also continuing to invest in the business. Incoming orders and backlog remain healthy, and our diverse markets and strong financial position provide a solid foundation as we enter the fourth quarter.”
About The Gorman-Rupp Company
Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
(1) Non-GAAP Information
This release includes certain non-GAAP financial data and measures such as adjusted earnings, adjusted earnings per share, and adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). Adjusted earnings is earnings excluding 2025 facility optimization costs. Adjusted earnings per share is earnings per share excluding 2025 facility optimization costs per share. Adjusted EBITDA is net income (loss) excluding interest, taxes, depreciation and amortization, adjusted to exclude 2025 facility optimization costs and non-cash LIFO2 expense. Management utilizes these adjusted financial data and measures to assess comparative operations against those of prior periods without the distortion of non-comparable factors. The inclusion of these adjusted measures should not be construed as an indication that the Company’s future results will be unaffected by unusual or infrequent items or that the items for which the Company has made adjustments are unusual or infrequent or will not recur. Further, the impact of the LIFO inventory costing method can cause results to vary substantially from company to company depending upon whether they elect to utilize LIFO and depending upon which LIFO method they may elect. The Gorman-Rupp Company believes that these non-GAAP financial data and measures also will be useful to investors in assessing the strength of the Company’s underlying operations and liquidity from period to period. These non-GAAP financial measures are not intended to replace GAAP financial measures, and they are not necessarily standardized or comparable to similarly titled measures used by other companies. Provided later in this release is a reconciliation of adjusted earnings, adjusted earnings per share, and adjusted EBITDA to their corresponding GAAP financial measures, which includes a description of actual adjustments made in the current period and the corresponding prior period.
(2) LIFO Inventory Method
The majority of the Company’s inventories are valued on the last-in, first-out (LIFO) method and stated at the lower of cost or market. Current cost approximates replacement cost, or market, and LIFO cost is determined at the end of each fiscal year based on inventory levels on-hand at current replacement cost and a LIFO reserve. The Company uses the simplified LIFO method, under which the LIFO reserve is determined utilizing the inflation factor specified in the Producer Price Index for Machinery and Equipment – Pumps, Compressors and Equipment, as published by the U.S. Bureau of Labor Statistics. Interim LIFO calculations are based on management’s estimate of the expected year-end inflation index and, as such, are subject to adjustment each quarter. When inflation increases, the LIFO reserve and non-cash expense increase.
Forward-Looking Statements
In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such uncertainties include, but are not limited to, our estimates of future earnings and cash flows, general economic conditions and supply chain conditions and any related impact on costs and availability of materials, retention of supplier and customer relationships and key employees, and the ability to service and repay indebtedness. Other factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) growth through acquisitions; (4) the Company’s indebtedness and how it may impact the Company’s financial condition and the way it operates its business; (5) impairment in the value of intangible assets, including goodwill; (6) defined benefit pension plan settlement expense; (7) LIFO inventory method; and (8) family ownership of common equity; and general risk factors including (9) continuation of the current and projected future business environment; (10) highly competitive markets; (11) availability and costs of raw materials and labor; (12) cybersecurity threats; (13) artificial intelligence risk and challenges that can impact our business; (14) compliance with, and costs related to, a variety of import and export laws and regulations; (15) the impact of U.S. trade policy, including resulting tariffs; (16) environmental compliance costs and liabilities; (17) exposure to fluctuations in foreign currency exchange rates; (18) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (19) changes in our tax rates and exposure to additional income tax liabilities; and (20) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.
The Gorman-Rupp Company
Condensed Consolidated Statements of Income (Unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
(Dollars in thousands, except per share amounts)
2026
2025
2026
2025
Net sales
$
193,254
$
172,825
$
555,912
$
515,818
Cost of products sold
128,730
122,405
373,421
359,013
Gross profit
64,524
50,420
182,491
156,805
Selling, general and administrative expenses
27,543
25,856
81,462
77,002
Amortization expense
3,080
3,087
9,239
9,289
Operating income
33,901
21,477
91,790
70,514
Interest expense
(4,316
)
(5,787
)
(13,942
)
(17,980
)
Other income (expense), net
246
(357
)
(380
)
(1,282
)
Income before income taxes
29,831
15,333
77,468
51,252
Provision for income taxes
7,120
3,989
17,485
11,983
Net income
$
22,711
$
11,344
$
59,983
$
39,269
Earnings per share
$
0.86
$
0.43
$
2.27
$
1.49
Average number of shares outstanding
26,410,243
26,312,842
26,386,043
26,289,471
The Gorman-Rupp Company
Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)
September 30,
2026
December 31,
2025
Assets
Cash and cash equivalents
$
59,302
$
35,083
Accounts receivable, net
109,014
88,378
Inventories, net
84,904
96,457
Prepaid and other
8,267
13,776
Total current assets
261,487
233,694
Property, plant, and equipment
133,420
134,131
Other assets
23,104
22,192
Goodwill and other intangible assets, net
460,727
470,038
Total assets
$
878,738
$
860,055
Liabilities and equity
Accounts payable
$
34,610
$
25,885
Current portion of long-term debt
—
23,125
Accrued liabilities and expenses
62,332
49,602
Total current liabilities
96,942
98,612
Pension benefits
3,840
5,149
Postretirement benefits
25,279
24,803
Long-term debt, net of current portion
250,232
284,406
Other long-term liabilities
41,314
32,362
Total liabilities
417,607
445,332
Shareholders' equity
461,131
414,723
Total liabilities and shareholders' equity
$
878,738
$
860,055
The Gorman-Rupp Company
Condensed Consolidated Statements of Cash Flows (Unaudited)
Nine Months Ended
September 30,
(Dollars in thousands)
2026
2025
Cash flows from operating activities:
Net income
$
59,983
$
39,269
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
21,591
20,820
LIFO expense
2,531
4,266
Pension expense
1,489
2,076
Stock based compensation
4,329
2,850
Contributions to pension plans
(2,154
)
(2,113
)
Amortization of debt issuance fees
886
886
Other
241
247
Changes in operating assets and liabilities:
Accounts receivable, net
(21,100
)
(3,085
)
Inventories, net
8,063
2,662
Accounts payable
8,923
7,926
Commissions payable
(253
)
65
Deferred revenue and customer deposits
1,938
610
Income taxes
15,449
4,152
Accrued expenses and other
(300
)
2,137
Benefit obligations
13,294
8,462
Net cash provided by operating activities
114,910
91,230
Cash flows from investing activities:
Capital additions
(14,687
)
(12,533
)
Other
360
85
Net cash used for investing activities
(14,327
)
(12,448
)
Cash flows from financing activities:
Cash dividends
(15,035
)
(14,586
)
Treasury share repurchases
(2,649
)
(1,152
)
Payments to banks for borrowings
(58,000
)
(45,000
)
Other
(92
)
(90
)
Net cash used for financing activities
(75,776
)
(60,828
)
Effect of exchange rate changes on cash
(588
)
770
Net increase in cash and cash equivalents
24,219
18,724
Cash and cash equivalents:
Beginning of period
35,083
24,213
End of period
$
59,302
$
42,937
The Gorman-Rupp Company
Non-GAAP Financial Information
(Dollars in thousands, except per share data)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Adjusted earnings:
Net income – GAAP basis
$
22,711
$
11,344
$
59,983
$
39,269
Facility optimization costs
—
2,309
—
2,309
Non-GAAP adjusted earnings
$
22,711
$
13,653
$
59,983
$
41,578
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Adjusted earnings per share:
Earnings per share – GAAP basis
$
0.86
$
0.43
$
2.27
$
1.49
Facility optimization costs
—
0.09
—
0.09
Non-GAAP adjusted earnings per share
$
0.86
$
0.52
$
2.27
$
1.58
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Adjusted EBITDA:
Net income –GAAP basis
$
22,711
$
11,344
$
59,983
$
39,269
Interest expense
4,316
5,787
13,942
17,980
Provision for income taxes
7,120
3,989
17,485
11,983
Depreciation and amortization expense
7,519
6,883
21,591
20,820
Non-GAAP earnings before interest, taxes, depreciation and amortization
Společnost The Gorman-Rupp Company zvýšila čtvrtletní hotovostní dividendu o 5,3 % na 0,20 USD za akcii. Dividenda bude vyplacena 10. prosince 2026 akcionářům evidovaným k 13. listopadu 2026.
MANSFIELD, Ohio--(BUSINESS WIRE)--The Board of Directors of The Gorman-Rupp Company (NYSE: GRC) has declared a quarterly cash dividend of $0.20 per share on the common stock of the Company, payable December 10, 2026, to shareholders of record November 13, 2026. The cash dividend will represent a 5.3% increase over the $0.19 dividend per share paid in the previous quarter.
This action will mark the 307th consecutive quarterly dividend paid by The Gorman-Rupp Company and the 54th consecutive year of increased dividends to its shareholders, which positions Gorman-Rupp in the top 50 of all U.S. public companies with respect to number of years of increased dividend payments.
About The Gorman-Rupp Company
Founded in 1933, The Gorman-Rupp Company is a leading designer, manufacturer and international marketer of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
Forward-Looking Statements
In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, The Gorman-Rupp Company provides the following cautionary statement: This news release contains various forward-looking statements based on assumptions concerning The Gorman-Rupp Company’s operations, future results and prospects. These forward-looking statements are based on current expectations about important economic, political, and technological factors, among others, and are subject to risks and uncertainties, which could cause the actual results or events to differ materially from those set forth in or implied by the forward-looking statements and related assumptions. Such uncertainties include, but are not limited to, our estimates of future earnings and cash flows, general economic conditions and supply chain conditions and any related impact on costs and availability of materials, retention of supplier and customer relationships and key employees, and the ability to service and repay indebtedness. Other factors include, but are not limited to: company specific risk factors including (1) loss of key personnel; (2) intellectual property security; (3) growth through acquisitions; (4) the Company’s indebtedness and how it may impact the Company’s financial condition and the way it operates its business; (5) impairment in the value of intangible assets, including goodwill; (6) defined benefit pension plan settlement expense; (7) LIFO inventory method; and (8) family ownership of common equity; and general risk factors including (9) continuation of the current and projected future business environment; (10) highly competitive markets; (11) availability and costs of raw materials and labor; (12) cybersecurity threats; (13) artificial intelligence risk and challenges that can impact our business; (14) compliance with, and costs related to, a variety of import and export laws and regulations; (15) the impact of U.S. trade policy, including resulting tariffs; (16) environmental compliance costs and liabilities; (17) exposure to fluctuations in foreign currency exchange rates; (18) conditions in foreign countries in which The Gorman-Rupp Company conducts business; (19) changes in our tax rates and exposure to additional income tax liabilities; and (20) risks described from time to time in our reports filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.
Target (TGT +3.76%) has raised its dividend for 55 consecutive years, qualifying it as one of the elite Dividend Kings -- companies that have increased their payouts for at least 50 years in a row. The stock currently yields about 3%, based on its quarterly dividend of $1.16 per share. That is roughly 3 times the S&P 500's yield of approximately 1%, making the shares more appealing as the business turns the corner.
Sales are improving, helped by growth in advertising revenue and Target Circle 360 memberships. The core retail business is also showing better traffic and conversion. Comparable sales swung from a 2.5% decline in the holiday quarter to growth in each of the first two quarters of 2026, led by stronger store traffic.
Image source: Getty Images.
The bigger opportunity is non-retail sales. In the quarter ended Aug. 1, advertising revenue, powered by the Roundel media network, rose 20%. Revenue from Target Circle 360 memberships and sales on the Target Plus online marketplace each grew more than 40% year over year. Management says these businesses grow profits faster than sales, which points to higher margins and earnings.
These profitable revenue streams support the dividend. Target is already paying out less than half of its trailing earnings per share, and management's long-term goal is to keep the payout ratio near 40%. This leaves plenty of room to keep increasing the dividend during a year when a slow economy could weigh on sales and earnings.
TGT Target$158.11+$5.73 (+3.76%)
NYSE · As of 4:00 PM ET 10/22/26
The stock remains attractively valued. Shares trade at about 15 times this year's expected earnings, below the S&P 500's roughly 19 times. Investors can lock in an above-average dividend yield while positioning themselves to potentially profit from further upside in the shares, as the turnaround continues.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.
Akcie McDonald's letos klesly téměř o 20 % kvůli slabší návštěvnosti a tlaku na hospodaření restaurací. Srovnatelné tržby ve 2. čtvrtletí vzrostly jen o 1,3 %.
McDonald's (MCD +2.59%) stock has been under pressure this year. The company's share price is down just under 20% across 2026's trading, and it's off almost 28% from its lifetime high.
The company is facing declining consumer traffic, more challenging unit economics, and price increases that have complicated its value proposition, as well as the possibility that GLP-1s and other diet drugs will become a sustained limiting factor on demand.
With the stock down substantially, is McDonald's a good buy right now?
Image source: Getty Images.
McDonald's share sell-off has lowered the company's forward price-to-earnings ratio to roughly 19. Sell-offs have also pushed the company's dividend yield up to roughly 3%, and the payout looks well covered despite recent headwinds facing the business.
$252.63+$6.38 (+2.59%)
NYSE · As of 4:00 PM ET 10/22/26
While the company's forward P/E is roughly in line with the S&P 500 (^GSPC -1.21%) and looks low on a historical basis, the company's valuation should also be viewed in the context of its growth. Global same-store sales increased 1.3% annually in the second quarter, with gains primarily driven by higher ticket prices amid unfavorable traffic trends. Meanwhile, earnings per share increased roughly 5% year over year on a currency-adjusted basis.
McDonald's is a great business, but there is currently no shortage of companies in the S&P 500 that offer a more appealing profile in terms of earnings growth and valuation. The headwinds facing the business are likely to continue in the near term, and I think that patient investors may be able to buy the stock at an even steeper discount.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool recommends the following options: long January 2028 $320 calls on McDonald's and short January 2028 $340 calls on McDonald's. The Motley Fool has a disclosure policy.
Chevron plánuje v Argentině do roku 2035 ztrojnásobit produkci na 195 000 barelů ropného ekvivalentu denně; růst by mohlo urychlit rozšíření vrtů v El Trapial.
In a windy, remote oilfield in Argentina, Chevron (CVX.N) is bringing in US workers, equipment and expertise, betting it can recreate the Permian Basin shale boom that transformed the US oil industry two decades ago, this time in the Vaca Muerta formation, where success has long been elusive.
The US oil producer hopes to accelerate its goal of tripling production from Argentina, with plans to go from one to three drilling rigs at its El Trapial block by early 2029, a company executive told Reuters. Longer term, the company is working to secure government approval for its plan to spend $13.8 billion over 30 years so it can increase production at the block, one of Chevron's three projects in the formation, company officials said.
Vaca Muerta, Spanish for dead cow, is one of the world’s largest shale basins. Output there has never reached its full potential due to Argentina's volatile economy, which has been marked by bouts of protectionism, sovereign debt defaults, hyperinflation and capital controls that made it difficult for companies to access US dollars to pay for imports.
"There's always been an expectation that Vaca Muerta would deliver more than it has," said Adrian Lara, a principal analyst at energy consultancy Wood Mackenzie.
That is changing under President Javier Milei, whose sweeping reforms have accelerated an oil boom that has put Argentina on track to overtake Guyana to become the third-largest liquids producer in South America by 2028, Wood Mackenzie estimates.
The country is expected to average 910,000 barrels of oil equivalent per day this year, a 42% increase from 2023 when Milei took office, according to Wood Mackenzie data.
Even with favorable government policy, producers still must contend with higher costs and a less-developed supply chain than in the Permian, where Chevron alone produces about 1 million barrels of oil equivalent per day (boepd).
Chevron's 25-year-plus history in Argentina and its stake in the upcoming Vaca Muerta Oil Sur export pipeline demonstrate confidence that Argentina's oil sector can sustain its upward trajectory, country manager Ana Simonato said in an interview in Buenos Aires.
"The difference is in the way that we're partnering and working together. That's something very important to enable Vaca Muerta's development," she said.
The importance of oil and gas to Argentina's economy means that even if Milei is not reelected in 2027, a new administration may avoid policies that could slow the energy sector, Lara said. Operators are still confronting the question of how stable Milei's reforms will be as they consider long-term investments, he added.
NEW RIGS, UPGRADED FACILITIES
Chevron disclosed in June that it submitted a $13.8 billion investment plan for El Trapial, but the timeline and its plan to deliver additional rigs and accelerate production growth across the country have not been previously reported.
The oil producer said last year it would triple its output across Argentina by 2035 to 195,000 boepd. That timeline could accelerate if it is able to add a second drilling rig in June next year and a third around early 2029 at El Trapial, Chevron's president of shale and tight, Gerbert Schoonman, said.
"I'm hoping we can shave a year or two off," he said.
Chevron fully owns and operates El Trapial, which currently produces 40,000 boepd. It also holds a 50% interest in both Loma Campana, which produces about 110,000 boepd, and Narambuena, which has not yet started production. Energy firm YPF (YPFDm.BA) operates both, which are also located in Vaca Muerta.
El Trapial is central to Chevron's long-term Vaca Muerta strategy. Chevron envisions extending its contract for the block's western section beyond its 2032 expiration and building additional facilities such as tanks to separate oil and water to handle increased production, Simonato said.
The remote location requires a 45-minute chartered flight from the city of Neuquen. Chevron is replacing older housing units on the campgrounds where crews stay with redesigned buildings with eight bedrooms each. The dining hall's menu features steak — not surprising for a country known for beef — while a new soccer field and courts for padel, a racket sport booming in popularity worldwide, are a short walk away.
HIGH COSTS REMAIN A PROBLEM
The hurdles to develop the field remain vast. Bringing a well online costs about 30% more than in the Permian, though better oil productivity in Vaca Muerta helps to close the gap, Chevron Argentina operations manager Juan Pablo Romano said during a September press tour of El Trapial.
Sand used for hydraulic fracturing, or fracking, is delivered on trucks that travel nearly 2,000 kilometers (1,240 miles) from north of Buenos Aires, as local sources of sand have not yet produced satisfactory results for the high-pressure process, Schoonman said.
Schoonman said that when the second rig is delivered in June, Chevron will be able to build enough inventory of drilled wells so a fracking crew can work continuously on-site, rather than their current intermittent schedule.
The ability to continuously drill and frack wells was a game changer for the Permian and other US shale basins, Schoonman added.
"The same will happen in Vaca Muerta. I'm 100% convinced of that," he said.
Investors in Kraft Heinz (KHC +6.77%) have been frustrated for a long time now. Unfortunately, this year isn't any different.
In early October, the stock of this packaged food and beverage company was hovering above its 52-week low, and its price-to-sales ratio was near a 10-year low. There doesn't appear to be much optimism from Wall Street regarding Kraft's ability to grow in the future, either.
So what exactly is wrong?
Image source: Getty Images.
First and foremost, Kraft's core business is shrinking. In the second quarter of 2026, net sales fell 1.4% year over year, adjusted operating income was down 18.4%, and Kraft recorded a $6.4 billion operating loss. While emerging markets sales rose, North America was down 2.7%.
At the beginning of this year, the consumer staples giant appointed a new CEO, Steve Cahillane, who pivoted away from the company's plans to split into two businesses and instead chose to invest $600 million to revitalize its U.S. market. So far, the strategy doesn't have much to show for itself, but to be fair, it's still quite early in Cahillane's tenure and turnaround plan.
$25.09+$1.59 (+6.77%)
NYSE · As of 4:00 PM ET 10/22/26
Wall Street is divided on Kraft's comeback. The company's outlook has improved slightly, but business will still likely contract in the coming quarters. Kraft's dividend yield is quite high at 6.75%, and the payout is consistent at $0.40 per share quarterly.
Ultimately, the low price doesn't warrant a buy from me quite yet. The company's turnaround strategy really needs to take hold over the coming year, and my unhealthy ketchup consumption alone isn't enough to do it.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool recommends Kraft Heinz. The Motley Fool has a disclosure policy.
IFP Advisors Inc boosted its position in shares of APA Corporation (NASDAQ:APA – Free Report) by 248.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,410 shares of the company’s stock after purchasing an additional 20,264 shares during the period. IFP Advisors Inc’s holdings in APA were worth $1,180,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in APA in the second quarter worth approximately $835,000. Engineers Gate Manager LP purchased a new stake in APA in the second quarter valued at $1,468,000. Core Capital Management & Research inc. purchased a new stake in APA in the second quarter valued at $5,800,000. Tidal Investments LLC raised its position in APA by 30.3% in the second quarter. Tidal Investments LLC now owns 276,070 shares of the company’s stock valued at $8,992,000 after purchasing an additional 64,266 shares during the period. Finally, Madison Asset Management LLC acquired a new position in shares of APA in the 2nd quarter valued at $10,703,000. 83.01% of the stock is owned by hedge funds and other institutional investors.
APA Price Performance APA stock opened at $49.44 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.32 billion, a PE ratio of 10.45, a P/E/G ratio of 0.81 and a beta of 0.42. APA Corporation has a 12-month low of $21.63 and a 12-month high of $50.49. The business’s fifty day moving average price is $44.46 and its 200 day moving average price is $39.42.
APA (NASDAQ:APA – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same quarter last year, the business earned $0.87 earnings per share. On average, sell-side analysts anticipate that APA Corporation will post 6.10 EPS for the current year. APA Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 22nd. APA’s dividend payout ratio is currently 21.14%.
APA declared that its board has approved a stock buyback plan on Wednesday, September 16th that allows the company to repurchase 40,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Share repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Analyst Upgrades and Downgrades A number of brokerages recently issued reports on APA. Benchmark raised their price objective on APA from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $41.00 target price on shares of APA in a research report on Sunday, October 11th. Truist Financial increased their target price on shares of APA from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, October 12th. Stifel Nicolaus began coverage on shares of APA in a research report on Wednesday, September 9th. They set a “buy” rating and a $62.00 price target for the company. Finally, Scotiabank started coverage on shares of APA in a research note on Wednesday, October 14th. They issued a “sector perform” rating and a $44.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.76.
View Our Latest Report on APA
About APA (Free Report)
APA Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company’s activities include identifying hydrocarbon resources, drilling and completing wells, operating producing properties, and managing related infrastructure.
APA’s principal producing areas include the Permian Basin in the United States and Egypt’s Western Desert, where it operates through joint ventures with the Egyptian General Petroleum Corporation.
Read More Five stocks we like better than APA Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APA Corporation (NASDAQ:APA – Free Report).
Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.
Boothe Investment Group Inc. boosted its holdings in ServiceNow, Inc. (NYSE:NOW – Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,286 shares of the information technology services provider’s stock after buying an additional 3,881 shares during the quarter. ServiceNow accounts for about 3.3% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 13th largest position. Boothe Investment Group Inc.’s holdings in ServiceNow were worth $13,707,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Cornerstone Financial Management LLC increased its stake in ServiceNow by 72.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 107 shares in the last quarter. CrossGen Wealth LLC purchased a new stake in ServiceNow during the first quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in ServiceNow by 4,157.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 298 shares of the information technology services provider’s stock valued at $46,000 after buying an additional 291 shares in the last quarter. Marquette Asset Management LLC lifted its stake in ServiceNow by 75.0% during the second quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 129 shares in the last quarter. Finally, Kilter Group LLC acquired a new position in shares of ServiceNow in the second quarter worth about $31,000. Institutional investors own 87.18% of the company’s stock.
ServiceNow Trading Up 2.4% NYSE:NOW opened at $156.85 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $192.97. The stock’s 50-day moving average is $137.17 and its two-hundred day moving average is $115.08. The stock has a market cap of $162.18 billion, a PE ratio of 98.03, a price-to-earnings-growth ratio of 2.81 and a beta of 0.99.
ServiceNow (NYSE:NOW – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. As a group, equities research analysts forecast that ServiceNow, Inc. will post 2.22 earnings per share for the current fiscal year. Insider Activity at ServiceNow In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. This represents a 10.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline Canney sold 7,847 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. The trade was a 20.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 14,081 shares of company stock valued at $1,937,904. Corporate insiders own 0.34% of the company’s stock.
Key ServiceNow News Here are the key news stories impacting ServiceNow this week:
Positive Sentiment: AI partnership expands product reach: ServiceNow and NVIDIA launched Arc, an enterprise AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s positioning as an AI orchestration and workflow platform. ServiceNow and Nvidia launch Arc Positive Sentiment: AI demand is driving investor optimism: ServiceNow’s AI-related contract value reportedly exceeded $1 billion, while the stock has gained substantially over the past three months. The company’s shift toward usage-based “Assists” could increase revenue potential as customers deploy more AI agents. ServiceNow rallies as AI contract value tops $1 billion Positive Sentiment: Analyst support remains strong: Multiple firms raised their price targets ahead of earnings, including a Street-high $266 target from Bernstein. Polen Capital also highlighted ServiceNow as a company positioned to benefit from AI rather than suffer disruption. ServiceNow earnings outlook Neutral Sentiment: Earnings are the next catalyst: Investors are focused on the October 28 quarterly report. ServiceNow previously delivered revenue growth of 24% and an earnings beat, but current previews anticipate a possible single-digit earnings decline, raising the bar for another positive surprise. ServiceNow quarterly earnings preview Neutral Sentiment: Defense exposure received visibility: ServiceNow’s global defense and national security executive discussed the company’s activities at the AUSA 2026 conference, though the report did not disclose a material contract or financial impact. AUSA ServiceNow defense interview Negative Sentiment: Cash-flow and valuation concerns remain: Commentary warns that ServiceNow may need stronger cash flow to fund its AI expansion. With the shares trading at a high earnings multiple after a sharp run-up, any slowdown or weaker outlook could trigger profit-taking. ServiceNow cash-flow concerns Negative Sentiment: One notable bearish signal: Zacks Research downgraded ServiceNow from “hold” to “strong sell,” adding caution despite the broader analyst optimism. Zacks Research ratings Wall Street Analyst Weigh In Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of ServiceNow in a research report on Tuesday, October 13th. Stifel Nicolaus set a $160.00 price target on shares of ServiceNow and gave the company a “buy” rating in a research report on Tuesday, October 6th. Evercore reaffirmed an “outperform” rating on shares of ServiceNow in a research note on Tuesday, October 13th. Zacks Research cut shares of ServiceNow from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Bank of America lifted their price objective on shares of ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $153.90.
Check Out Our Latest Report on ServiceNow
About ServiceNow (Free Report)
ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.
The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.
See Also Five stocks we like better than ServiceNow Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.
Bank Pictet & Cie Europe AG boosted its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 356,936 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,127 shares during the period. Broadcom comprises approximately 2.4% of Bank Pictet & Cie Europe AG’s portfolio, making the stock its 10th largest position. Bank Pictet & Cie Europe AG’s holdings in Broadcom were worth $125,352,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of AVGO. Cornerstone National Bank & Trust Co boosted its holdings in shares of Broadcom by 27.7% in the third quarter. Cornerstone National Bank & Trust Co now owns 369 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 80 shares in the last quarter. 55 North Private Wealth LLC grew its holdings in Broadcom by 1.1% during the 3rd quarter. 55 North Private Wealth LLC now owns 7,596 shares of the semiconductor manufacturer’s stock valued at $2,668,000 after buying an additional 83 shares during the last quarter. Cypress Capital LLC grew its stake in Broadcom by 1.6% in the 3rd quarter. Cypress Capital LLC now owns 7,286 shares of the semiconductor manufacturer’s stock worth $2,559,000 after acquiring an additional 112 shares during the period. Stewardship Advisors LLC boosted its position in shares of Broadcom by 1.7% in the third quarter. Stewardship Advisors LLC now owns 2,053 shares of the semiconductor manufacturer’s stock worth $721,000 after acquiring an additional 35 shares during the last quarter. Finally, Norway Savings Bank raised its holdings in shares of Broadcom by 11.5% in the 3rd quarter. Norway Savings Bank now owns 5,000 shares of the semiconductor manufacturer’s stock worth $1,756,000 after purchasing an additional 514 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.
Key Broadcom News Here are the key news stories impacting Broadcom this week:
Positive Sentiment: Tigress Financial initiated coverage with a Buy rating and a $600 price target, implying substantial upside and signaling confidence in Broadcom’s AI semiconductor and infrastructure-software opportunities. Tigress Financial Broadcom coverage Positive Sentiment: Broadcom launched Arcot Scam Defense, a real-time fraud-detection feature for card-not-present transactions. Initial financial-institution pilots reportedly produced strong results, offering a potential new growth opportunity for its infrastructure-software business. Broadcom launches Arcot Scam Defense Positive Sentiment: Several analyses remain bullish on Broadcom’s custom AI-chip and networking exposure, describing the company as a potential long-term beneficiary of rising AI revenue and as a relatively resilient play if AI customers face cash-flow pressures. Broadcom long-term stock prediction Neutral Sentiment: Broadcom’s recent earnings exceeded consensus estimates, with revenue growth accelerating sharply year over year. However, the strong results are already being weighed against elevated valuation expectations and broader market conditions. Negative Sentiment: Chip stocks have broadly pulled back amid higher-rate concerns and worries that the massive AI data-center buildout may take longer to generate adequate returns. This sector-wide risk is weighing on AVGO alongside company-specific developments. Chip stocks pullback Negative Sentiment: Technical-focused coverage identifies the $320 area as a critical test. A sustained break below that level could encourage additional selling, while the stock’s position below its moving averages reflects weakened near-term momentum. Broadcom $320 support analysis Wall Street Analyst Weigh In AVGO has been the subject of a number of recent analyst reports. UBS Group lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Tigress Financial began coverage on shares of Broadcom in a research report on Thursday. They issued a “buy” rating and a $600.00 price target on the stock. BMO Capital Markets lifted their price objective on shares of Broadcom from $455.00 to $575.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Weiss Ratings upgraded Broadcom from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Broadcom in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $529.17. View Our Latest Research Report on AVGO
Broadcom Stock Down 4.3% AVGO opened at $323.24 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.29. The company has a market capitalization of $1.54 trillion, a PE ratio of 41.28 and a beta of 1.46. Broadcom Inc. has a fifty-two week low of $289.96 and a fifty-two week high of $495.00. The business has a 50-day moving average of $357.48 and a 200-day moving average of $384.69.
Broadcom (NASDAQ:AVGO – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. The company had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. Broadcom’s quarterly revenue was up 85.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.69 EPS. Equities research analysts forecast that Broadcom Inc. will post 10.37 EPS for the current fiscal year.
Broadcom Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is 33.21%.
Broadcom Profile (Free Report)
Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software products. Its semiconductor solutions support data center, networking, broadband, wireless communications, storage, industrial and other electronic applications.
The company’s semiconductor portfolio includes networking and switching components, custom accelerators, connectivity and wireless devices, broadband equipment, optical products, storage controllers and related infrastructure technologies.
See Also Five stocks we like better than Broadcom Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.
Akcie společnosti Roblox do 20. října 2026 klesly o 36 % poté, co růst rezervací ve 2. čtvrtletí zpomalil na 8 %; rezervace dosáhly zhruba 1,6 mld. USD.
Roblox (RBLX +2.68%) stock is down 36% in 2026 as of Oct. 20, even though revenue and free cash flow continue to grow. The sell-off stems from a slowdown in engagement and bookings, but the company is making changes that could set up stronger growth over the next few years.
RBLX Roblox$53.96+$1.41 (+2.68%)
NYSE · As of 4:00 PM ET 10/22/26
In the second quarter of 2026, revenue rose 36% year over year to about $1.5 billion. However, bookings -- a more accurate measure of what players spend on the platform -- grew just 8% to roughly $1.6 billion, at the low end of management's guidance. The slower growth in bookings reflects weaker engagement: daily active users increased by 10% to 123 million, while hours spent on the platform rose by only 5%.
Part of the slowdown was intentional. Roblox added safety measures, including age checks before players can access in-game chat, which reduced engagement during the quarter. It also adjusted its discovery algorithms to favor games that keep players longer, which temporarily steered users away from titles that drive higher near-term bookings. These steps are meant to build a stronger foundation for long-term growth.
Image source: Getty Images.
Catalysts are already emerging that could improve engagement. A new artificial intelligence-powered creation tool called Build is designed to help developers create higher-quality experiences, which should support greater engagement and bookings over time.
Importantly, the business continues to generate strong cash flow. Free cash flow jumped 66% year over year to $294 million in Q2 2026. That lifted trailing-12-month free cash flow to $1.6 billion.
Third-quarter results on Oct. 29 will be the next key checkpoint. Management expects bookings to decline from a year ago. Investors should watch growth in daily active users and management's outlook for engagement and bookings heading into 2027, which will likely have a greater impact on the stock.
For patient investors, the pullback has left the stock trading at just 22 times free cash flow -- a more reasonable entry point while Roblox works through these near-term headwinds.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Roblox. The Motley Fool has a disclosure policy.
Brookstone Capital Management ve třetím čtvrtletí snížila svůj podíl v Lam Research o 9,2 % prodejem 5 565 akcií; na konci období držela 55 170 akcií v hodnotě 18,124 milionu USD.
Brookstone Capital Management trimmed its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 9.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,170 shares of the semiconductor company’s stock after selling 5,565 shares during the period. Brookstone Capital Management’s holdings in Lam Research were worth $18,124,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp grew its holdings in Lam Research by 2.6% during the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after purchasing an additional 1,545,830 shares during the period. Bank of America Corp DE increased its position in Lam Research by 5.5% in the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after buying an additional 584,489 shares in the last quarter. Van ECK Associates Corp increased its position in Lam Research by 411.8% in the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after buying an additional 8,922,854 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Lam Research in the second quarter worth about $3,777,585,000. Finally, Amundi raised its stake in shares of Lam Research by 23.7% in the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after buying an additional 1,942,862 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of brokerages recently issued reports on LRCX. Stifel Nicolaus boosted their price objective on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $375.00 target price on shares of Lam Research in a research note on Monday. Morgan Stanley set a $339.00 price target on shares of Lam Research and gave the stock an “overweight” rating in a research report on Thursday. Wells Fargo & Company reissued an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $354.55.
Read Our Latest Stock Report on LRCX Key Stories Impacting Lam Research Here are the key news stories impacting Lam Research this week:
Positive Sentiment: Record results and strong demand: Lam Research reported fiscal Q1 2027 revenue of $8.22 billion, up 54.4% year over year and ahead of the $8.14 billion consensus. Adjusted EPS of $2.20 also exceeded estimates, while operating margin surpassed 40% for the first time. Growth was driven by NAND systems, record foundry revenue, AI infrastructure and memory-chip demand. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains Positive Sentiment: Favorable long-term industry outlook: Management sees wafer-fabrication-equipment spending exceeding $200 billion in 2027, supported by AI demand, memory upgrades and advanced manufacturing. It also raised longer-term spending expectations, while highlighting growth opportunities for its Aether dry-resist technology and customer-support business. $200B-Plus WFE Outlook for 2027 Neutral Sentiment: Analysts remain broadly constructive: Cantor maintained a $500 price target and called Lam a top pick, while Mizuho, Needham and Morgan Stanley lowered targets but retained positive ratings. The reductions indicate near-term execution concerns rather than a broadly negative view of long-term demand. Street Trims Target on Supply Headwinds Negative Sentiment: Supply constraints limited the outlook: Lam warned that component and equipment bottlenecks are delaying shipments and capping near-term revenue growth. Its roughly $8.6 billion December-quarter revenue outlook was viewed as insufficiently strong relative to elevated investor expectations, despite broadly matching consensus forecasts. Supply Bottlenecks Are Holding Back Revenue Negative Sentiment: China revenue is expected to decline: Management indicated that China’s contribution, which reached about 35% of September-quarter revenue, will fall substantially in the December quarter. That creates an additional headwind for sales and raises concern about the durability of the company’s growth rate. Supply Snags and China Slowdown Negative Sentiment: Sector-wide risk aversion amplified the reaction: Chip stocks broadly fell as investors revisited concerns about AI spending and semiconductor capital expenditures. Tesla’s lower near-term spending target added to the cautious tone, making Lam’s supply warning more damaging to the sector. Two Big Reasons Chip Stocks Are Falling Lam Research Stock Performance NASDAQ:LRCX opened at $230.15 on Friday. The stock has a 50-day moving average price of $303.94 and a 200 day moving average price of $309.88. The stock has a market capitalization of $288.01 billion, a P/E ratio of 39.96, a P/E/G ratio of 0.95 and a beta of 1.85. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.
Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 76.78% and a net margin of 32.34%. The company had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s revenue was up 54.4% compared to the same quarter last year. Equities research analysts forecast that Lam Research Corporation will post 9.35 EPS for the current fiscal year.
Lam Research Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, September 23rd. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is 22.92%.
Insider Activity at Lam Research In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.31% of the company’s stock.
Lam Research Profile (Free Report)
Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.
The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.
Further Reading Five stocks we like better than Lam Research Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.
Western Digital v 1. fiskálním čtvrtletí zvýšil tržby o 55,5 % na 4,38 mld. USD a upravený zisk na akcii dosáhl 4,64 USD, což bylo nad očekáváním ve výši 4,11 USD.
Brookstone Capital Management lifted its position in Western Digital Corporation (NASDAQ:WDC – Free Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,104 shares of the data storage provider’s stock after purchasing an additional 1,880 shares during the period. Brookstone Capital Management’s holdings in Western Digital were worth $20,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Western Digital during the second quarter valued at about $28,000. Dunhill Financial LLC bought a new position in Western Digital in the 2nd quarter worth approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Western Digital in the 2nd quarter worth approximately $31,000. Valley Wealth Managers Inc. purchased a new stake in Western Digital during the 1st quarter valued at approximately $32,000. Finally, Gables Capital Management Inc. purchased a new stake in Western Digital during the 2nd quarter valued at approximately $32,000. 92.51% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades Several equities analysts recently weighed in on WDC shares. Citigroup cut their target price on shares of Western Digital from $800.00 to $740.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Bank of America boosted their target price on Western Digital from $720.00 to $800.00 and gave the stock a “buy” rating in a research report on Wednesday. Rosenblatt Securities dropped their price target on Western Digital from $900.00 to $800.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings lowered Western Digital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Finally, Summit Insights cut Western Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Western Digital presently has a consensus rating of “Moderate Buy” and an average target price of $609.56.
Get Our Latest Report on Western Digital Key Western Digital News Here are the key news stories impacting Western Digital this week:
Positive Sentiment: Western Digital reported fiscal Q1 2027 adjusted earnings of $4.64 per share, above the roughly $4.09–$4.11 consensus, while revenue reached $4.38 billion, exceeding expectations of approximately $4.14 billion. Revenue increased 55% year over year, supported by strong data-center storage demand and improved pricing. Western Digital Q1 earnings and revenues beat estimates Positive Sentiment: Management issued strong fiscal Q2 guidance, forecasting revenue of about $5.1 billion and adjusted EPS of $5.80, plus or minus $0.20. Gross margins are expected to approach 60%, reinforcing the case that tight hard-drive supply and higher-capacity products are supporting pricing power. Western Digital surprises with strong results Positive Sentiment: Western Digital generated approximately $1.38 billion in free cash flow and raised its quarterly dividend by 17% to $0.175 per share. The results and long-term AI and cloud storage demand provide fundamental support for the stock, although the market has recently treated WDC like a semiconductor and memory company. Western Digital Q1 revenue climbs 55 percent Neutral Sentiment: Analysts remain broadly constructive, with Bank of America raising its price target to $800 before the report. However, expectations are high after WDC’s substantial prior rally, making a strong headline beat insufficient if investors remain concerned about valuation or future growth. Negative Sentiment: The initial positive reaction faded as selling spread across AI, memory and storage stocks. Reports also highlighted increased inventory, while investors remain concerned about hyperscaler capital spending, potential supply growth, technology transitions such as HAMR, and whether current demand can persist. Negative Sentiment: Insider selling is an additional sentiment overhang: Cynthia Tregillis sold 807 shares for approximately $306,660 under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to her remaining holdings and does not necessarily signal a change in business outlook. SEC insider transaction filing Insider Buying and Selling In other Western Digital news, CEO Irving Tan sold 20,000 shares of Western Digital stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $444.97, for a total transaction of $8,899,400.00. Following the completion of the transaction, the chief executive officer directly owned 575,966 shares of the company’s stock, valued at $256,287,591.02. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Cynthia Tregillis sold 807 shares of the business’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $380.00, for a total transaction of $306,660.00. Following the transaction, the insider owned 108,928 shares in the company, valued at $41,392,640. This trade represents a 0.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,436 shares of company stock worth $11,340,064 over the last three months. 0.20% of the stock is owned by insiders.
Western Digital Trading Down 6.4% WDC opened at $354.19 on Friday. The stock has a 50-day moving average of $435.48 and a 200 day moving average of $480.46. Western Digital Corporation has a 12 month low of $121.71 and a 12 month high of $799.87. The firm has a market cap of $132.58 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.60 and a beta of 2.11.
Western Digital (NASDAQ:WDC – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The data storage provider reported $4.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.11 by $0.53. The business had revenue of $4.38 billion during the quarter, compared to analyst estimates of $4.14 billion. Western Digital had a return on equity of 48.15% and a net margin of 72.95%. The company’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. On average, research analysts forecast that Western Digital Corporation will post 19.69 earnings per share for the current fiscal year.
Western Digital Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Tuesday, September 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, September 8th. Western Digital’s dividend payout ratio is presently 2.48%.
(Free Report)
Western Digital Corporation (NASDAQ: WDC) is a data storage technology company that develops and manufactures hard disk drives (HDDs) and related storage solutions. Its products are used in data centers, cloud infrastructure, enterprise systems, personal computers, gaming platforms and external storage devices.
The company offers HDD-based products for business and consumer applications, including high-capacity drives designed for hyperscale and cloud data centers, enterprise storage environments, network-attached storage systems and personal computing.
Further Reading Five stocks we like better than Western Digital Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check Want to see what other hedge funds are holding WDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Western Digital Corporation (NASDAQ:WDC – Free Report).
Receive News & Ratings for Western Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Digital and related companies with MarketBeat.com's FREE daily email newsletter.
Rocket Lab úspěšně vynesl tři satelity HAWK pro společnost HawkEye 360 na nízkou oběžnou dráhu Země; šlo o 98. start rakety Electron a 19. start v letošním roce.
MAHIA, New Zealand, Oct. 23, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today launched its Electron rocket to deliver a dedicated mission to space for HawkEye 360, a signals intelligence data and analytics company.
The ‘We're Not Hawking Around’ mission launched from Rocket Lab Launch Complex 1 in New Zealand at 8:11 p.m. NZDT on 23 October 2026, to deliver three HAWK satellites to a 520km low Earth orbit. Operating in tri-satellite formation, HawkEye 360's satellites collect signal data from across the radio frequency (RF) spectrum for maritime tracking, GNSS jamming detection, radar monitoring, communications mapping, and space defense.
Today’s mission was Rocket Lab’s 98th Electron launch and 19th launch this year, further extending the vehicle’s record as the most prolific launcher globally dedicated to small satellites.
Mission Highlights:
Proven Constellation Partnership: Today’s launch success marks the third Electron launch dedicated to deploying HawkEye 360’s RF-sensing satellites, underscoring Rocket Lab’s trusted role in scaling commercial constellations for its customers.Rapid Launch Cadence: Now at 19 successful missions in 2026 alone, Rocket Lab continues to demonstrate the turnaround speed, high production rate, and schedule assurance demanded by modern commercial satellite companies and defense operators.Milestone Small Launch Leadership: This 98th Electron flight moves Rocket Lab closer to a record 100 launches, solidifying the launch vehicle’s position as the world’s premier, most frequently launched dedicated small orbital rocket. ‘We’re Not Hawking Around’ launch images: click here
‘We’re Not Hawking Around’ launch broadcast: click here
About Rocket Lab
Rocket Lab (Nasdaq: RKLB) is an end-to-end space company delivering rockets, satellites, and spacecraft components for commercial, government, and defense missions. Driven by its industry-leading small-lift rockets Electron and HASTE and its upcoming reusable Neutron medium-lift rocket, Rocket Lab delivers reliable and responsive launch for the world’s most important missions from constellation deployment to missile defense. Rocket Lab’s satellites and components have powered more than 1,700 missions in Earth orbit, as well as deep-space exploration of the Moon, Mars, and beyond. Learn more at www.rocketlabcorp.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
The aggressive reversal has taken USD/CAD much lower than we initially expected, but we have to respect the price action. On the daily chart, the market is turning lower from the 61.8% Fibonacci retracement level. However, the current decline could still unfold as another three-wave move from the recent high, potentially representing wave B within a seven-swing recovery. This means the higher-degree recovery from the February lows may not be complete yet.
USDCAD Daily ChartIn the short term, the strong decline on the 4-hour chart suggests that more weakness could follow towards the lower boundary of the bullish channel visible on the daily chart. We could still see some corrective rallies, ideally towards the 1.4150 resistance area, before another sell-off. However, if the current decline is unfolding in only three waves, USD/CAD could be approaching important support around 1.4000, where a reversal higher may eventually follow.
USDCAD 4H ChartGet Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Alaska Air Group (NYSE:ALK) reported a third-quarter GAAP net loss of $147 million, or $1.32 per share, as elevated fuel costs weighed on profitability despite higher revenue and improving unit-revenue trends.
Excluding special items and the impact of a revised tax rate, the company reported adjusted net income of $40 million, or $0.36 per share. Total revenue rose 14% year over year to $4.3 billion, while capacity increased 2.4%. Unit revenue increased nearly 12%, supported by a 13.4% increase in yield.
President and CEO Ben Minicucci said the company’s third-quarter performance supported its strategy to build a larger and more diversified business, even as fuel prices added substantial pressure. He said fuel costs are expected to add $1.8 billion in expense for the full year. “Demand remains healthy,” Minicucci said, adding that revenue performed in line with company expectations. Alaska generated a seven-point spread between revenue per available seat mile, or RASM, and nonfuel unit costs during the quarter, up from two points in the second quarter.
Premium, Loyalty and International Growth Management highlighted progress in its Premium, Loyalty, Cargo and International growth initiatives. Diversified revenues accounted for 54% of total revenue mix, up four percentage points from a year earlier and one point sequentially.
Premium revenue rose about 24.5% year over year and represented more than 36% of total revenue, an increase of three percentage points from the prior year. Alaska said its completed narrowbody premium-cabin retrofits are expected to provide a full-year benefit in 2027, while further premium offerings are planned for its widebody fleet.
Managed corporate revenue increased 30% in the third quarter, while future corporate bookings were also about 30% above year-earlier levels. In London Heathrow, the company said business-class cabin performance exceeded its fair market share by three points during the quarter.
Loyalty program cash remuneration increased 21% to $721 million, driven by card spending and customer engagement. Andrew Harrison, executive vice president and chief commercial officer, said the company’s Summit premium card has attracted a meaningful number of new customers, with roughly half of cardholders new to Alaska’s portfolio and 40% coming from outside its core geographies.
Alaska also announced plans to launch year-round Seattle service to Osaka, Japan, and Papeete, Tahiti, next spring. The additions will bring its Seattle international nonstop route total to nine as the company works toward a goal of 15 routes and becoming Seattle’s leading long-haul international carrier by 2030.
The company expects to file with the U.S. Department of Transportation in the fourth quarter to join Atlantic and Pacific joint international businesses. Harrison said joint businesses could strengthen Alaska’s international economics through partner distribution, capacity coordination and pricing capabilities.
Fuel Costs Drive Revised Outlook Chief Financial Officer Shane Tackett said the company’s average fuel price was $3.94 per gallon during the third quarter, above its July expectation of $3.75 per gallon. Fuel prices ranged from about $3.10 per gallon in early July to nearly $5 per gallon by the end of the quarter.
For the fourth quarter, Alaska expects economic fuel costs of $4.65 to $4.85 per gallon, compared with its original 2026 planning assumption of $2.50 per gallon. Tackett said the additional fuel expense of more than $2 per gallon is expected to add $650 million in costs in the fourth quarter alone.
The company forecast a fourth-quarter adjusted loss of between $2.50 and $2.00 per share and a full-year adjusted loss of between $5.50 and $5.00 per share. Tackett said the forecast includes a fuel headwind of more than $4 per share compared with the company’s original assumption.
Despite the near-term fuel pressure, management said it expects at least $3 to $4 of core earnings improvement next year, excluding the impact of fuel. Tackett said the company believes premium products, loyalty, cargo, international service and network investments will support stronger earnings over time.
Capacity, Costs and Balance Sheet Alaska expects fourth-quarter capacity growth of approximately 1% to 1.5% year over year, with most of the increase coming from international flying. The company expects fourth-quarter unit revenue to rise by low double digits, broadly consistent with third-quarter performance.
Nonfuel unit costs rose 4.4% in the third quarter, an improvement from a 6.5% increase in the second quarter. The company expects nonfuel unit costs to increase at a mid-single-digit rate in the fourth quarter, citing inflation, airport and real-estate costs, and engine maintenance expenses.
Management said several network investments have temporarily pressured unit revenue, including rapid growth in strategic markets such as Portland, San Diego, Los Angeles and select California-Hawaii routes. Harrison said those markets represent about 13% of capacity and have been growing more than 20%, but the company expects improvement as the routes mature.
Hawaii also remained a headwind, accounting for roughly two points of system unit-revenue pressure, according to Harrison. He said the outlook for 2027 is more constructive as industry capacity growth moderates, prior growth investments annualize and the company benefits from a single passenger service system and Hawaiian Airlines’ oneworld membership.
Alaska ended the quarter with approximately $3.3 billion in liquidity, $20 billion in unencumbered assets and a debt-to-capitalization ratio of 66%. Tackett said restoring balance-sheet strength will be the company’s top financial priority as earnings and free cash flow improve.
The company also plans to take delivery of 22 Boeing 737-10 aircraft beginning late in the first quarter of next year. Minicucci said the aircraft will initially enter service in Alaska’s standard domestic configuration, while a later tranche planned for 2028 will feature the company’s Aurora configuration with lie-flat seats.
About Alaska Air Group (NYSE:ALK) Alaska Air Group, Inc is an airline holding company headquartered in Seattle, Washington. Its principal subsidiaries include Alaska Airlines and Hawaiian Airlines, which operate under separate brands while serving passengers throughout North America, the Pacific and other international markets.
Alaska Airlines provides scheduled passenger and air cargo services across the United States, Canada, Mexico, Costa Rica and the Bahamas, with a strong presence on the U.S. West Coast and in Alaska.
Axxcess Wealth Management LLC cut its holdings in Truist Financial Corporation (NYSE:TFC – Free Report) by 30.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,837 shares of the insurance provider’s stock after selling 24,239 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Truist Financial were worth $2,585,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in TFC. N.E.W. Advisory Services LLC purchased a new position in shares of Truist Financial in the second quarter worth $30,000. Navigoe LLC acquired a new stake in shares of Truist Financial during the second quarter worth $30,000. Evolution Wealth Management Inc. grew its holdings in shares of Truist Financial by 2,218.2% during the first quarter. Evolution Wealth Management Inc. now owns 765 shares of the insurance provider’s stock valued at $35,000 after buying an additional 732 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in shares of Truist Financial by 104.0% during the first quarter. Wilkerson Advisory Group LLC now owns 826 shares of the insurance provider’s stock valued at $38,000 after buying an additional 421 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Truist Financial by 44.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 892 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 71.28% of the company’s stock.
Wall Street Analyst Weigh In A number of analysts have commented on TFC shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Truist Financial in a research report on Wednesday, July 1st. Wall Street Zen upgraded Truist Financial from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. reduced their price objective on Truist Financial from $54.00 to $50.50 and set an “underweight” rating for the company in a research note on Friday, October 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $54.00 target price (down from $62.00) on shares of Truist Financial in a report on Monday, July 6th. Finally, Citigroup cut their price target on shares of Truist Financial from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Truist Financial has a consensus rating of “Hold” and a consensus price target of $53.87.
View Our Latest Stock Analysis on Truist Financial Truist Financial Price Performance NYSE:TFC opened at $48.37 on Friday. The firm’s fifty day moving average is $48.77 and its two-hundred day moving average is $49.66. The firm has a market cap of $59.09 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.88 and a current ratio of 0.88. Truist Financial Corporation has a one year low of $43.13 and a one year high of $56.19.
Truist Financial (NYSE:TFC – Get Free Report) last released its quarterly earnings data on Friday, October 16th. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). The company had revenue of $5.30 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Truist Financial had a net margin of 18.01% and a return on equity of 10.37%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Research analysts expect that Truist Financial Corporation will post 4.65 EPS for the current year.
Truist Financial Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, August 14th. Truist Financial’s dividend payout ratio (DPR) is currently 53.61%.
Insider Buying and Selling In other news, insider Dontá Wilson sold 13,280 shares of Truist Financial stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $51.85, for a total transaction of $688,568.00. Following the completion of the transaction, the insider directly owned 56,009 shares of the company’s stock, valued at $2,904,066.65. The trade was a 19.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael P. Lyons bought 21,000 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were purchased at an average cost of $48.36 per share, with a total value of $1,015,560.00. Following the completion of the acquisition, the chief executive officer owned 21,000 shares in the company, valued at approximately $1,015,560. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.15% of the company’s stock.
(Free Report)
Truist Financial Corporation is a financial services company headquartered in Charlotte, North Carolina, operating through its principal subsidiary, Truist Bank. The company provides banking, lending, investment, insurance and wealth management services to consumers, small businesses, commercial clients and institutional customers.
Its offerings include checking and savings accounts, mortgages, consumer loans, credit cards, commercial and industrial lending, treasury and payment services, investment banking, brokerage, asset management and insurance products.
Further Reading Five stocks we like better than Truist Financial Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Truist Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Truist Financial and related companies with MarketBeat.com's FREE daily email newsletter.
Diversify Advisory Services LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 32.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,660 shares of the semiconductor company’s stock after buying an additional 2,131 shares during the period. Diversify Advisory Services LLC’s holdings in Analog Devices were worth $3,498,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Analog Devices during the second quarter valued at $18,610,868,000. Bank of America Corp DE increased its position in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after acquiring an additional 501,604 shares during the period. Van ECK Associates Corp raised its stake in Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares during the last quarter. Amundi raised its stake in Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Analog Devices during the 2nd quarter worth about $1,525,167,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Analog Devices In other Analog Devices news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the transaction, the director owned 108,847 shares in the company, valued at approximately $45,720,093.88. This trade represents a 1.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the transaction, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 52,436 shares of company stock worth $20,014,954 in the last three months. Company insiders own 0.36% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have weighed in on the company. TD Cowen boosted their price target on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 price objective (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Wells Fargo & Company reduced their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research note on Thursday, August 20th. JPMorgan Chase & Co. raised their price objective on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, Seaport Research Partners raised Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $460.55. Read Our Latest Research Report on ADI
More Analog Devices News Here are the key news stories impacting Analog Devices this week:
Positive Sentiment: TD Cowen raised its price target for Analog Devices (ADI) to $475 from $460 and maintained a “buy” rating, indicating continued confidence in the semiconductor company’s earnings outlook. Analog Devices price target raised Neutral Sentiment: Analog Devices announced that it will release fourth-quarter fiscal 2026 results before the market opens on November 24. The scheduled report could become the next major catalyst as investors assess demand, margins and forward guidance. Analog Devices fourth-quarter earnings announcement Neutral Sentiment: Reports indicated that 39 exchange-traded funds added ADI holdings on October 20, suggesting ongoing passive or institutional demand, although the reports did not provide enough detail to assess the purchases’ significance. ETF purchases of Analog Devices Negative Sentiment: CFO Richard Puccio sold 1,500 shares for approximately $584,000. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 3.02%, limiting its significance but still creating a modest negative headline. Analog Devices CFO stock sale Negative Sentiment: ADI advised shareholders to reject an unsolicited $525-per-share mini-tender offer from Tutanota LLC, warning that the offer is limited in size and subject to conditions. The unusual proposal may add uncertainty even though it is priced above recent trading levels. Analog Devices mini-tender offer Analog Devices Stock Down 5.0% NASDAQ:ADI opened at $385.76 on Friday. The firm has a market capitalization of $186.93 billion, a P/E ratio of 36.05, a PEG ratio of 1.25 and a beta of 1.22. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91. The company’s fifty day moving average price is $383.72 and its 200-day moving average price is $389.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 13.00 EPS for the current year.
Analog Devices Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.
About Analog Devices (Free Report)
Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.
The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.
Recommended Stories Five stocks we like better than Analog Devices Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.
Shares of Parsons Corporation (NYSE:PSN – Get Free Report) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $63.00.
A number of analysts recently commented on the company. UBS Group dropped their price objective on Parsons from $67.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group reduced their target price on shares of Parsons from $69.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group raised shares of Parsons from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Sunday, August 2nd. Citigroup decreased their price target on shares of Parsons from $66.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Parsons from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th.
Check Out Our Latest Report on PSN
Insider Transactions at Parsons In other news, Director George Ball bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $47.97 per share, for a total transaction of $959,400.00. Following the completion of the transaction, the director owned 170,383 shares in the company, valued at $8,173,272.51. The trade was a 13.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.31% of the company’s stock. Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of PSN. Swedbank AB boosted its holdings in shares of Parsons by 126.8% during the first quarter. Swedbank AB now owns 2,387,643 shares of the company’s stock worth $129,339,000 after purchasing an additional 1,335,102 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Parsons by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,892,400 shares of the company’s stock valued at $102,494,000 after purchasing an additional 179,463 shares during the period. Primecap Management Co. CA acquired a new position in Parsons in the second quarter valued at $89,697,000. Van ECK Associates Corp increased its stake in Parsons by 389.3% in the second quarter. Van ECK Associates Corp now owns 1,125,767 shares of the company’s stock valued at $58,979,000 after purchasing an additional 895,690 shares during the last quarter. Finally, Cooper Creek Partners Management LLC lifted its position in Parsons by 1,248.6% during the first quarter. Cooper Creek Partners Management LLC now owns 505,128 shares of the company’s stock worth $27,363,000 after buying an additional 467,672 shares during the period. 98.02% of the stock is currently owned by institutional investors and hedge funds.
Parsons Stock Performance Parsons stock opened at $47.77 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a fifty day moving average of $45.31 and a two-hundred day moving average of $50.71. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.82 and a beta of 0.72. Parsons has a fifty-two week low of $36.26 and a fifty-two week high of $88.00.
Parsons (NYSE:PSN – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.82). Parsons had a return on equity of 8.10% and a net margin of 2.50%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm earned $0.78 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. On average, analysts anticipate that Parsons will post 2.06 EPS for the current fiscal year.
About Parsons (Get Free Report)
Parsons Corporation (NYSE: PSN) is a technology-driven solutions provider serving government and commercial customers in the defense, intelligence, critical infrastructure and transportation markets. The company develops and integrates solutions for complex security, engineering and infrastructure challenges, combining software, systems engineering, cybersecurity, data analytics and program management capabilities.
Parsons operates through its Federal Solutions and Critical Infrastructure segments.
Featured Stories Five stocks we like better than Parsons Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Parsons Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parsons and related companies with MarketBeat.com's FREE daily email newsletter.
Diversify Advisory Services ve třetím čtvrtletí získala nový podíl ve společnosti Builders FirstSource (BLDR) v podobě 63 460 akcií v hodnotě přibližně 3,618 milionu USD.
Diversify Advisory Services LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 63,460 shares of the company’s stock, valued at approximately $3,618,000. Diversify Advisory Services LLC owned 0.06% of Builders FirstSource as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Root Financial Partners LLC increased its position in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares during the period. Wedbush Securities Inc. lifted its holdings in shares of Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after buying an additional 147 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock worth $238,000 after buying an additional 162 shares during the last quarter. Altshuler Shaham Ltd boosted its position in shares of Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after acquiring an additional 180 shares during the period. Finally, Mufg Securities Americas Inc. boosted its position in shares of Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after acquiring an additional 180 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.
Builders FirstSource Trading Up 7.4% Shares of BLDR opened at $57.49 on Friday. The stock’s 50-day moving average price is $60.60 and its 200 day moving average price is $71.91. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.
Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business posted $2.38 EPS. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.10 earnings per share for the current year. Analyst Ratings Changes Several equities research analysts have recently issued reports on BLDR shares. KeyCorp lowered their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Truist Financial cut their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Barclays reduced their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Finally, Citigroup restated a “market perform” rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.25.
Check Out Our Latest Report on Builders FirstSource
Builders FirstSource Company Profile (Free Report)
Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.
Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.
Recommended Stories Five stocks we like better than Builders FirstSource Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.
Diversify Advisory Services LLC increased its stake in Samsara Inc. (NYSE:IOT – Free Report) by 58.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,450 shares of the company’s stock after acquiring an additional 25,182 shares during the period. Diversify Advisory Services LLC’s holdings in Samsara were worth $2,610,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Markowski Investments purchased a new stake in Samsara during the second quarter valued at approximately $37,000. Parkside Financial Bank & Trust lifted its stake in shares of Samsara by 91.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,377 shares of the company’s stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Samsara in the 2nd quarter valued at approximately $46,000. CX Institutional purchased a new position in shares of Samsara in the 2nd quarter worth approximately $64,000. Finally, Westwind Capital purchased a new position in shares of Samsara in the 3rd quarter worth approximately $64,000. 96.02% of the stock is owned by institutional investors.
Analyst Ratings Changes Several equities analysts have recently weighed in on the company. Jefferies Financial Group began coverage on Samsara in a research report on Sunday, October 4th. They set a “buy” rating and a $50.00 target price on the stock. Craig Hallum restated a “buy” rating and set a $54.00 price target on shares of Samsara in a report on Friday, September 4th. Guggenheim raised their price target on Samsara from $45.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. TD Cowen raised their price target on Samsara from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Finally, Bank of America lifted their price objective on shares of Samsara from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $51.68.
View Our Latest Research Report on IOT Insiders Place Their Bets In other news, insider John Bicket sold 65,209 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $42.27, for a total transaction of $2,756,384.43. Following the completion of the sale, the insider directly owned 769,398 shares of the company’s stock, valued at approximately $32,522,453.46. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sanjit Biswas sold 65,402 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $42.27, for a total transaction of $2,764,542.54. Following the completion of the transaction, the chief executive officer owned 669,835 shares in the company, valued at approximately $28,313,925.45. The trade was a 8.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,234,114 shares of company stock worth $88,311,353 over the last quarter. Company insiders own 35.13% of the company’s stock.
Samsara Stock Performance Shares of NYSE IOT opened at $43.74 on Friday. Samsara Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $47.47. The company has a market cap of $25.62 billion, a price-to-earnings ratio of 273.40, a PEG ratio of 10.62 and a beta of 1.35. The business’s 50 day moving average price is $40.13 and its 200-day moving average price is $35.59.
Samsara (NYSE:IOT – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $508.44 million during the quarter, compared to analysts’ expectations of $483.29 million. Samsara had a return on equity of 4.13% and a net margin of 4.90%. Samsara’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. Samsara has set its FY 2027 guidance at 0.760-0.780 EPS and its Q3 2027 guidance at 0.180-1.090 EPS. Sell-side analysts predict that Samsara Inc. will post 0.13 earnings per share for the current year.
About Samsara (Free Report)
Samsara, Inc is a technology company that provides connected operations solutions for organizations with physical operations. Its Samsara Connected Operations Cloud combines Internet of Things (IoT) hardware, cloud-based software and data analytics to help businesses monitor vehicles, equipment, facilities and frontline operations.
The company’s products and services include vehicle telematics, GPS fleet tracking, AI-enabled dash cameras and video-based safety tools, equipment and asset monitoring, electronic logging and compliance solutions, routing and dispatch software, and maintenance and workforce-management applications.
Read More Five stocks we like better than Samsara Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Samsara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Samsara and related companies with MarketBeat.com's FREE daily email newsletter.
Brookstone Capital Management ve třetím čtvrtletí zvýšila svůj podíl ve společnosti Quanta Services o 15,7 % na 32 990 akcií v hodnotě 21,196 mil. USD.
Brookstone Capital Management increased its stake in shares of Quanta Services, Inc. (NYSE:PWR – Free Report) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,990 shares of the construction company’s stock after acquiring an additional 4,479 shares during the quarter. Brookstone Capital Management’s holdings in Quanta Services were worth $21,196,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. NBT Bank N.A. bought a new stake in Quanta Services in the 3rd quarter valued at about $2,934,000. Marion Wealth Management raised its stake in Quanta Services by 1.9% during the 3rd quarter. Marion Wealth Management now owns 4,396 shares of the construction company’s stock worth $2,825,000 after buying an additional 80 shares during the period. Aire Advisors LLC raised its stake in Quanta Services by 67.7% during the 3rd quarter. Aire Advisors LLC now owns 976 shares of the construction company’s stock worth $627,000 after buying an additional 394 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Quanta Services by 90.3% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 8,040 shares of the construction company’s stock worth $5,166,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Albion Financial Group UT boosted its holdings in Quanta Services by 2.0% in the third quarter. Albion Financial Group UT now owns 26,834 shares of the construction company’s stock worth $17,241,000 after acquiring an additional 517 shares in the last quarter. 90.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes Several equities research analysts have recently commented on PWR shares. Morgan Stanley downgraded Quanta Services to an “underweight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lowered Quanta Services to a “sell” rating in a research report on Friday, July 31st. Sanford C. Bernstein upgraded Quanta Services from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $748.00 to $775.00 in a report on Thursday, September 24th. Argus set a $800.00 price target on shares of Quanta Services in a research report on Wednesday, August 5th. Finally, UBS Group restated a “buy” rating on shares of Quanta Services in a research note on Monday, August 17th. Twenty-three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Quanta Services has a consensus rating of “Moderate Buy” and a consensus price target of $761.24.
View Our Latest Report on Quanta Services Quanta Services Trading Down 8.3% NYSE PWR opened at $551.47 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $643.16 and a 200 day simple moving average of $664.02. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The firm has a market capitalization of $82.91 billion, a P/E ratio of 63.17, a PEG ratio of 1.78 and a beta of 1.27.
Quanta Services (NYSE:PWR – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.93. Quanta Services had a net margin of 4.03% and a return on equity of 20.55%. The firm had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $8.61 billion. During the same period in the previous year, the firm earned $2.48 EPS. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. On average, analysts predict that Quanta Services, Inc. will post 15.37 EPS for the current fiscal year.
Quanta Services Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. Quanta Services’s dividend payout ratio is currently 5.04%.
(Free Report)
Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.
Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.
See Also Five stocks we like better than Quanta Services Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Quanta Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quanta Services and related companies with MarketBeat.com's FREE daily email newsletter.
Společnost Cantor Fitzgerald Investment Advisors ve třetím čtvrtletí nově nakoupila 64 000 akcií společnosti Extreme Networks (EXTR) v hodnotě přibližně 1,373 milionu USD.
Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Extreme Networks, Inc. (NASDAQ:EXTR – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 64,000 shares of the technology company’s stock, valued at approximately $1,373,000.
Several other institutional investors have also added to or reduced their stakes in EXTR. Nisa Investment Advisors LLC lifted its position in shares of Extreme Networks by 103.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,617 shares of the technology company’s stock worth $185,000 after buying an additional 4,383 shares during the last quarter. First Bank & Trust boosted its stake in shares of Extreme Networks by 6.3% in the 3rd quarter. First Bank & Trust now owns 14,021 shares of the technology company’s stock valued at $301,000 after purchasing an additional 830 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of Extreme Networks by 72.3% in the 3rd quarter. CoreCap Advisors LLC now owns 1,201 shares of the technology company’s stock worth $26,000 after acquiring an additional 504 shares in the last quarter. Byrne Asset Management LLC increased its holdings in Extreme Networks by 18.1% in the third quarter. Byrne Asset Management LLC now owns 10,676 shares of the technology company’s stock worth $235,000 after purchasing an additional 1,636 shares in the last quarter. Finally, Bienville Capital Management LLC bought a new stake in Extreme Networks in the 2nd quarter valued at about $263,000. 91.05% of the stock is currently owned by institutional investors.
Extreme Networks Trading Down 2.2% NASDAQ EXTR opened at $22.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.63. The stock’s 50-day simple moving average is $22.49 and its two-hundred day simple moving average is $24.92. Extreme Networks, Inc. has a twelve month low of $13.48 and a twelve month high of $33.73. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 1.48 and a beta of 1.76.
Extreme Networks (NASDAQ:EXTR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $338.55 million during the quarter, compared to analysts’ expectations of $332.49 million. Extreme Networks had a return on equity of 88.88% and a net margin of 3.28%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. Extreme Networks has set its FY 2027 guidance at 1.280-1.330 EPS and its Q1 2027 guidance at 0.270-0.290 EPS. Research analysts forecast that Extreme Networks, Inc. will post 0.75 EPS for the current fiscal year. Analysts Set New Price Targets A number of analysts have commented on the company. Weiss Ratings raised Extreme Networks from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 16th. Needham & Company LLC decreased their price target on shares of Extreme Networks from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Oppenheimer reiterated an “outperform” rating on shares of Extreme Networks in a research report on Thursday, August 6th. B. Riley Financial lifted their price objective on shares of Extreme Networks from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Extreme Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.25.
View Our Latest Analysis on Extreme Networks
Insider Buying and Selling In other Extreme Networks news, CEO Edward Meyercord sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $21.77, for a total value of $1,088,500.00. Following the completion of the sale, the chief executive officer owned 1,710,097 shares of the company’s stock, valued at $37,228,811.69. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevin Rhodes sold 21,825 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $22.30, for a total value of $486,697.50. Following the completion of the sale, the chief financial officer directly owned 196,803 shares of the company’s stock, valued at approximately $4,388,706.90. This represents a 9.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 121,825 shares of company stock valued at $3,064,698 in the last 90 days. 3.20% of the stock is currently owned by corporate insiders.
Extreme Networks Company Profile (Free Report)
Extreme Networks, Inc develops networking solutions that help organizations connect, manage and secure users, devices and applications across campus, data center and distributed environments. Its portfolio includes wired and wireless network infrastructure, Ethernet switches, access points, software-defined wide-area networking (SD-WAN), network access control and cloud-based network management.
The company’s ExtremeCloud platform supports centralized monitoring, configuration, analytics and automation for network operations.
See Also Five stocks we like better than Extreme Networks Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Extreme Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extreme Networks and related companies with MarketBeat.com's FREE daily email newsletter.
Diversify Advisory Services ve třetím čtvrtletí snížila svůj podíl ve společnosti Curtiss-Wright o 21,9 % prodejem 1 567 akcií; nadále drží 5 591 akcií v hodnotě 2,804 milionu USD.
Diversify Advisory Services LLC cut its position in Curtiss-Wright Corporation (NYSE:CW – Free Report) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,591 shares of the aerospace company’s stock after selling 1,567 shares during the period. Diversify Advisory Services LLC’s holdings in Curtiss-Wright were worth $2,804,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CW. Quantbot Technologies LP acquired a new stake in shares of Curtiss-Wright in the second quarter valued at $30,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Curtiss-Wright during the second quarter worth $30,000. Fiduciary Financial Advisors bought a new stake in shares of Curtiss-Wright during the second quarter worth $31,000. Elevation Wealth Partners LLC raised its position in shares of Curtiss-Wright by 237.5% during the second quarter. Elevation Wealth Partners LLC now owns 54 shares of the aerospace company’s stock worth $41,000 after acquiring an additional 38 shares during the last quarter. Finally, Signature Equity Partners LLC lifted its stake in shares of Curtiss-Wright by 140.0% during the first quarter. Signature Equity Partners LLC now owns 60 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 35 shares during the period. 82.71% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CW. Morgan Stanley decreased their price target on Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $801.00 price objective on Curtiss-Wright in a research report on Wednesday, August 12th. Stifel Nicolaus dropped their price objective on Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a report on Monday. Guggenheim assumed coverage on shares of Curtiss-Wright in a research report on Monday, September 14th. They set a “buy” rating and a $786.00 target price on the stock. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and a consensus target price of $686.25.
Check Out Our Latest Research Report on Curtiss-Wright
Insider Buying and Selling at Curtiss-Wright
In related news, EVP John Watts sold 1,035 shares of Curtiss-Wright stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $619.46, for a total transaction of $641,141.10. Following the completion of the sale, the executive vice president directly owned 2,736 shares of the company’s stock, valued at $1,694,842.56. The trade was a 27.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry D. Wyche sold 100 shares of Curtiss-Wright stock in a transaction on Friday, August 28th. The stock was sold at an average price of $596.74, for a total value of $59,674.00. Following the sale, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This trade represents a 6.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by company insiders.
Curtiss-Wright Price Performance
Shares of CW stock opened at $474.36 on Friday. Curtiss-Wright Corporation has a 52-week low of $469.15 and a 52-week high of $808.16. The stock has a market cap of $17.52 billion, a PE ratio of 32.65, a PEG ratio of 2.07 and a beta of 0.88. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.12 and a current ratio of 1.60. The firm’s 50 day moving average price is $562.58 and its two-hundred day moving average price is $674.47.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Thursday, August 6th. The aerospace company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.10. The firm had revenue of $924.01 million during the quarter, compared to analyst estimates of $926.17 million. Curtiss-Wright had a net margin of 14.81% and a return on equity of 20.49%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.23 EPS. As a group, analysts forecast that Curtiss-Wright Corporation will post 15.33 EPS for the current year.
Curtiss-Wright Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were given a $0.26 dividend. The ex-dividend date was Friday, September 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. This is an increase from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio is 7.16%.
About Curtiss-Wright
(Free Report)
Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.
Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.
Featured Articles
Five stocks we like better than Curtiss-Wright
Is Texas Instruments Setting Up for Its Next Big Breakout?
Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Want to see what other hedge funds are holding CW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curtiss-Wright Corporation (NYSE:CW – Free Report).
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.
Cantor Fitzgerald Investment Advisors ve třetím čtvrtletí otevřela novou pozici v 10 000 akciích společnosti Iron Mountain (IRM) v hodnotě přibližně 1,11 milionu USD.
Cantor Fitzgerald Investment Advisors L.P. bought a new stake in Iron Mountain Incorporated (NYSE:IRM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the financial services provider’s stock, valued at approximately $1,110,000.
A number of other large investors also recently modified their holdings of IRM. RB Capital Management LLC purchased a new stake in shares of Iron Mountain during the second quarter valued at approximately $5,907,000. Canada Pension Plan Investment Board purchased a new position in Iron Mountain in the second quarter worth $3,709,000. Glenview Trust Co bought a new position in Iron Mountain in the 2nd quarter valued at $1,391,000. Sanctuary Advisors LLC bought a new position in Iron Mountain in the 2nd quarter valued at $17,300,000. Finally, Deutsche Bank AG bought a new position in Iron Mountain in the 2nd quarter valued at $385,129,000. Institutional investors own 80.13% of the company’s stock.
Wall Street Analyst Weigh In Several brokerages have recently issued reports on IRM. Weiss Ratings lowered Iron Mountain from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 25th. Wells Fargo & Company boosted their price target on shares of Iron Mountain from $135.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Barclays increased their price target on shares of Iron Mountain from $143.00 to $144.00 and gave the company an “overweight” rating in a research report on Tuesday, September 8th. Truist Financial raised their price objective on shares of Iron Mountain from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Finally, Rothschild & Co Redburn started coverage on shares of Iron Mountain in a research report on Monday, September 21st. They issued a “buy” rating and a $132.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $139.83.
Read Our Latest Stock Analysis on IRM Iron Mountain Price Performance Shares of IRM opened at $110.88 on Friday. The firm has a market cap of $33.01 billion, a PE ratio of 79.20 and a beta of 1.17. The stock’s fifty day moving average price is $115.86 and its two-hundred day moving average price is $120.50. Iron Mountain Incorporated has a 1 year low of $77.77 and a 1 year high of $134.68.
Iron Mountain (NYSE:IRM – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. Iron Mountain had a negative return on equity of 85.44% and a net margin of 5.54%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. Iron Mountain has set its Q3 2026 guidance at 1.470-1.470 EPS and its FY 2026 guidance at 5.870-5.930 EPS. Sell-side analysts anticipate that Iron Mountain Incorporated will post 5.42 earnings per share for the current fiscal year.
Iron Mountain Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 15th were issued a $0.8640 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $3.46 annualized dividend and a yield of 3.1%. Iron Mountain’s dividend payout ratio (DPR) is 247.14%.
Insider Buying and Selling In other Iron Mountain news, CEO William L. Meaney sold 38,474 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $121.67, for a total transaction of $4,681,131.58. Following the sale, the chief executive officer owned 38,474 shares in the company, valued at $4,681,131.58. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Greg W. Mcintosh sold 5,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $110.72, for a total value of $553,600.00. Following the sale, the executive vice president owned 70,634 shares in the company, valued at approximately $7,820,596.48. This represents a 6.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 137,422 shares of company stock valued at $15,881,099. Company insiders own 1.70% of the company’s stock.
Iron Mountain Company Profile (Free Report)
Iron Mountain Incorporated (NYSE: IRM) is a global information management and storage company that helps organizations protect, manage and optimize their physical and digital assets. Founded in 1951, the company began as a records storage provider and has expanded into a broader information lifecycle management business.
Its services include records storage and retrieval, information governance, secure shredding and destruction, document scanning, digital transformation, backup and recovery, and data center services.
Recommended Stories Five stocks we like better than Iron Mountain Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Iron Mountain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iron Mountain and related companies with MarketBeat.com's FREE daily email newsletter.
Boothe Investment Group ve 3. čtvrtletí snížila svůj podíl ve společnosti SharkNinja o 33,5 % prodejem 23 293 akcií; na konci období držela 46 292 akcií v hodnotě 8,338 mil. USD.
Boothe Investment Group Inc. decreased its position in shares of SharkNinja, Inc. (NYSE:SN – Free Report) by 33.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,292 shares of the company’s stock after selling 23,293 shares during the period. SharkNinja comprises 2.0% of Boothe Investment Group Inc.’s portfolio, making the stock its 19th biggest position. Boothe Investment Group Inc.’s holdings in SharkNinja were worth $8,338,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in SharkNinja during the 2nd quarter valued at $81,134,000. WCM Investment Management LLC raised its position in SharkNinja by 4.3% in the 1st quarter. WCM Investment Management LLC now owns 793,063 shares of the company’s stock valued at $77,419,000 after purchasing an additional 32,524 shares during the last quarter. Evercore Wealth Management LLC raised its position in SharkNinja by 24.7% in the 1st quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company’s stock valued at $70,997,000 after purchasing an additional 132,749 shares during the last quarter. Bank of America Corp DE boosted its stake in SharkNinja by 17.9% in the first quarter. Bank of America Corp DE now owns 559,813 shares of the company’s stock worth $59,284,000 after purchasing an additional 84,796 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in SharkNinja by 228.7% in the second quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock worth $51,692,000 after purchasing an additional 236,184 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.
SharkNinja Price Performance
SharkNinja stock opened at $199.46 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $28.10 billion, a P/E ratio of 37.85, a PEG ratio of 2.33 and a beta of 1.27. The business has a 50-day moving average of $180.47 and a 200-day moving average of $150.64. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $200.38.
SharkNinja (NYSE:SN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on SN shares. Oppenheimer lifted their price target on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Guggenheim increased their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, TD Cowen raised their price objective on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating. According to MarketBeat, SharkNinja currently has an average rating of “Buy” and a consensus target price of $189.92.
Check Out Our Latest Stock Report on SN
Insider Buying and Selling at SharkNinja
In other SharkNinja news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 100,000 shares of company stock worth $18,613,911 over the last ninety days. 40.80% of the stock is owned by corporate insiders.
About SharkNinja
(Free Report)
SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.
The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.
Further Reading
Five stocks we like better than SharkNinja
Is Texas Instruments Setting Up for Its Next Big Breakout?
Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for SharkNinja Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SharkNinja and related companies with MarketBeat.com's FREE daily email newsletter.
Axxcess Wealth Management LLC purchased a new stake in AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 67,939 shares of the company’s stock, valued at approximately $3,999,000.
Several other hedge funds have also bought and sold shares of the stock. Hollencrest Capital Management boosted its stake in AST SpaceMobile by 11.7% during the first quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock valued at $132,000 after buying an additional 167 shares during the last quarter. Byrne Asset Management LLC increased its stake in AST SpaceMobile by 17.0% in the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock worth $67,000 after acquiring an additional 170 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in AST SpaceMobile by 15.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock worth $121,000 after acquiring an additional 188 shares during the last quarter. HHM Wealth Advisors LLC increased its stake in AST SpaceMobile by 72.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 465 shares of the company’s stock worth $39,000 after acquiring an additional 195 shares during the last quarter. Finally, Salvus Wealth Management LLC raised its holdings in shares of AST SpaceMobile by 0.4% during the 3rd quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company’s stock worth $4,159,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.
Trending Headlines about AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
Positive Sentiment: AST SpaceMobile is reportedly targeting initial, intermittent satellite broadband coverage in parts of the United States, Canada, Japan, the United Kingdom and Saudi Arabia by the end of 2026. The potential expansion supports the company’s long-term direct-to-cell growth story. AST SpaceMobile Targets Initial Satellite Broadband Coverage in Five Countries by End of 2026
Neutral Sentiment: Space-industry stocks broadly sold off during a risk-off move in high-growth technology shares, making the decline partly sector-driven rather than specific to AST SpaceMobile. Space Stocks Fall as Tech Selloff Hits High-Flying Names
Negative Sentiment: Multiple law firms publicized a securities class action involving investors who purchased ASTS shares from March 4, 2025, through July 15, 2026. The allegations reportedly concern disclosures about the company’s funding position and competitive outlook; investors face a November 13, 2026 lead-plaintiff deadline. The legal notices increase headline and potential financial risk, although the allegations have not been proven. Pomerantz Class Action Announcement
Negative Sentiment: Analyst actions have added pressure: UBS reportedly reduced its price target to $43 from $62, while Scotiabank maintained a Sell rating with a $45.60 target. Concerns include competition from Starlink, slow adoption and AST SpaceMobile’s need for substantial financing. Analyst Target Cuts and Class Action Notice
AST SpaceMobile Stock Performance
AST SpaceMobile stock opened at $38.77 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. AST SpaceMobile, Inc. has a 1-year low of $37.80 and a 1-year high of $133.86. The firm has a market capitalization of $15.09 billion, a P/E ratio of -18.12 and a beta of 2.72. The company’s 50-day moving average is $58.13 and its 200 day moving average is $72.86.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. The firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. During the same period in the previous year, the business earned ($0.41) EPS. Research analysts forecast that AST SpaceMobile, Inc. will post -1.92 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently issued reports on ASTS. Royal Bank Of Canada downgraded shares of AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Berenberg Bank began coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Monday, October 12th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Finally, William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $80.18.
Read Our Latest Research Report on AST SpaceMobile
Insider Buying and Selling
In other AST SpaceMobile news, Director Adriana Cisneros acquired 10,822 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost of $57.22 per share, with a total value of $619,234.84. Following the completion of the purchase, the director directly owned 797,023 shares in the company, valued at $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the transaction, the chief technology officer owned 34,750 shares in the company, valued at approximately $2,047,817.50. The trade was a 53.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is owned by insiders.
AST SpaceMobile Company Profile
(Free Report)
AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.
The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.
Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.
Featured Stories
Five stocks we like better than AST SpaceMobile
Is Texas Instruments Setting Up for Its Next Big Breakout?
Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for AST SpaceMobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AST SpaceMobile and related companies with MarketBeat.com's FREE daily email newsletter.
Assenagon Asset Management S.A. lessened its holdings in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 64.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,977 shares of the restaurant operator’s stock after selling 8,901 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Domino’s Pizza were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of DPZ. Soroban Capital Partners LP bought a new stake in shares of Domino’s Pizza in the first quarter valued at $895,251,000. BlackRock Inc. purchased a new stake in Domino’s Pizza in the 2nd quarter worth approximately $715,704,000. Arrowstreet Capital Limited Partnership boosted its stake in Domino’s Pizza by 247.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 527,246 shares of the restaurant operator’s stock valued at $189,171,000 after buying an additional 375,709 shares during the period. Royal Bank of Canada boosted its position in shares of Domino’s Pizza by 5.2% during the 1st quarter. Royal Bank of Canada now owns 448,221 shares of the restaurant operator’s stock valued at $160,817,000 after acquiring an additional 22,320 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Domino’s Pizza by 937,192.2% in the second quarter. Van ECK Associates Corp now owns 478,019 shares of the restaurant operator’s stock worth $141,513,000 after purchasing an additional 477,968 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on DPZ shares. BTIG Research reaffirmed a “buy” rating and issued a $425.00 target price on shares of Domino’s Pizza in a research note on Wednesday, October 14th. Berenberg Bank raised shares of Domino’s Pizza to a “strong-buy” rating in a research note on Monday, October 5th. Evercore reissued an “outperform” rating on shares of Domino’s Pizza in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Benchmark reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $380.87.
Check Out Our Latest Report on DPZ Domino’s Pizza Stock Performance DPZ stock opened at $317.70 on Friday. Domino’s Pizza Inc has a 52 week low of $282.00 and a 52 week high of $442.35. The firm’s fifty day moving average is $317.51 and its 200 day moving average is $324.93. The firm has a market cap of $10.45 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.44 and a beta of 0.94.
Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last issued its earnings results on Tuesday, October 13th. The restaurant operator reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.33 by $0.27. Domino’s Pizza had a net margin of 12.03% and a negative return on equity of 15.48%. The company had revenue of $1.19 billion for the quarter. During the same quarter in the previous year, the business earned $4.08 EPS. Domino’s Pizza’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts forecast that Domino’s Pizza Inc will post 19.04 EPS for the current year.
Domino’s Pizza Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be issued a $1.99 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. Domino’s Pizza’s payout ratio is currently 43.86%.
About Domino’s Pizza (Free Report)
Domino’s Pizza, Inc is a global restaurant company that operates and franchises Domino’s-branded pizza stores. Its core business focuses on pizza delivery and carryout, supported by digital ordering platforms, delivery technology and a supply chain that provides food and related products to stores.
The company’s menu includes a variety of pizzas, along with items such as chicken, sandwiches, pasta, bread products, desserts and beverages. Domino’s serves customers through a combination of company-owned and franchised locations, with franchisees operating the majority of its stores.
Founded in 1960 when Tom and James Monaghan acquired a small Michigan pizzeria, the business adopted the Domino’s name in 1965 and expanded through franchising.
Featured Articles Five stocks we like better than Domino’s Pizza Is Texas Instruments Setting Up for Its Next Big Breakout? Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was Tesla’s Flying-Car Hype Hits an Earnings Reality Check
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.
BONK Inu a PartyBet spustily na Telegramu predikční hru Get Bonked, v níž správná sázka zdvojnásobí vklad, zatímco nesprávná sázka znamená jeho ztrátu.
BONK Inu and PartyBet have launched Get Bonked, a Telegram prediction game where correct calls double the stake and wrong calls lose it. Here is how it works.
BONK Inu (@bonk_inu) $BONK and PartyBet (@partybet) have launched Get Bonked, a new game that runs inside Telegram. The title adds another product to the Bonk memecoin ecosystem on Solana.
How Get Bonked worksThe game is built around quick, high-stakes decisions. Players predict an outcome and then stake their funds. A correct call doubles the stake, while a wrong call loses it, so each round is effectively all or nothing.
The BONK team is also offering bonus cash to selected players who share their winning cards. The mechanic is designed to encourage players to post results and bring others into the game.
As with any game that puts funds at risk, outcomes are binary and losses are possible on every round. Players should only stake what they can afford to lose.
PartyBet and the wider Bonk ecosystemPartyBet is positioned as a Telegram-based platform. According to Solana Compass, PartyBet is a Telegram app with BONK-branded casino games and sports picks. The same profile notes that Bonk's official account began promoting its sports betting feature, with odds supplied by Polymarket, on 9 October 2026.
The tie-up between the two brands is not new. CoinJournal reported that BONK announced a partnership with PartyBet, a platform focused on Telegram-based sports prediction markets and casino-style games. The outlet said the deal expands the utility of BONK beyond its role as a memecoin by introducing another avenue for community participation.
Get Bonked fits a broader pattern for the token. BONK is a dog-themed memecoin on Solana that launched in December 2022 through a community airdrop. It has since grown into a set of products including BonkBot, a Telegram trading bot, a memecoin launchpad known as Letsbonkfun, the BonkSwap exchange and the BONKRewards lock-and-earn program.
Games and betting-style products add to that mix, and they sit inside Telegram, where BonkBot already operates. Whether they help BONK's market performance is a separate question. CoinJournal noted that earlier PartyBet and BONKUJI developments generated attention within the Solana ecosystem but had not translated into a meaningful recovery in the BONK price.
Sources
Solana Compass: Bonk project review
CoinJournal: BONK price struggles despite PartyBet deal and BONKUJI relaunch
Cryptonews: Beyond the Meme, the products built around Bonk
Sundar Pichai says Google's researchers are using AI to help build the next AI models.
Hardik Chhabra/ The India Today Group via Getty Images
Google's AI models may be helping to build their successors, but CEO Sundar Pichai says the moment of fully self-improving AI is still a while away.
Speaking on an episode of the "Big Technology Podcast" this week, Pichai said that Google researchers were using AI agents to assist them when building models, but caveated that it was still early days.
"We are pretty far from the end state of RSI," said Pichai, referring to recursive self-improvement. "The right way to describe it is, you have RSI loops along with AI researchers in various aspects of model development. I would say you almost have agents helping AI researchers, in some automated way, work together to build these models."
Pichai added that he expected that continuum to keep making progress into next year.
Earlier this month, Google cofounder Sergey Brin said the company's Flash series of models, as well as Gemini 4, were demonstrating how AI was helping to build itself, and that Google was "starting to get onto that RSI treadmill."
"And now our researchers and the model work hand in hand to make the next version of the model," he said.
Brin has been increasingly involved in Google's Gemini efforts and has leveraged his power as cofounder to shift resources to projects he deems most effective, Business Insider previously reported. This has included pushing for more focus on RSI.
A report from the firm Gladstone AI, published earlier this month, said that most researchers interviewed from companies including Anthropic and DeepMind believed RSI will start within the next three to 12 months, and possibly sooner without government intervention.
In another moment on the "Big Technology Podcast," Pichai was asked about how much AI was being used to code internally. The company said in April that 75% of new code inside Google was generated by AI.
"That number in our world today is like meaningless in the sense that every part of code we now touch is influenced by AI deeply," Pichai said. With Gemini 4 Argon, he said, people were going to tackle harder problems. He also said Google was seeing a one-third decrease in code rollbacks, where software is reverted to a previous version because of a bug or system issue.
"And so I think people are writing code more productively, and better code with it," he said of AI tools.
Pichai also uses AI to track Google's model development and internal discussions, he told the "Sources" podcast this week.
Have something to share? Contact this reporter via email at [email protected] or Signal at hughlangley.01. Use a personal email address and a non-work device; here's our guide to sharing information securely.
Read next
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Hugh Langley
You're currently following this author!
Click to unsubscribe from email alerts.
Hugh is a senior correspondent at Business Insider where he writes about Google, tech, and wealth. His work has been cited by The New York Times, Bloomberg, Reuters, The Wall Street Journal, and other outlets.Get an alert whenever I publish a story.Got a tip? You can reach him using the secure messaging app Signal (hughlangley.01) or email ([email protected]). We can keep sources anonymous.
Kazakhstan may not be the first place that comes to mind when thinking about the global artificial intelligence boom, but several Big Tech companies have taken interest — including Nvidia.
Nvidia CEO Jensen Huang, who made his first visit to Kazakhstan on Friday, said the country could become a major AI computing hub serving Europe, pointing to its energy resources and plans to expand data center capacity.
Sitting in a fireside chat in Astana with Zhaslan Madiyev, Kazakhstan's deputy prime minister and minister of artificial intelligence and digital development, Huang highlighted the country's role.
It's going to be a hub, a computing hub, an AI factory hub for all of Europe.
Jensen Huang
CEO, Nvidia
He also emphasized the importance of countries developing their own AI capabilities, saying nations should have the infrastructure to deliver AI services domestically, while adapting the technology to their own languages and cultures.
The visit comes as Kazakhstan seeks to attract billions of dollars in technology investment and position itself as a regional hub for artificial intelligence.
Kazakhstan's multibillion-dollar AI ambitionsKazakhstan has made AI a national priority, declaring 2026 the Year of Digitalization and Artificial Intelligence as part of a broader effort to develop its digital economy.
In June, Kazakhstan's government announced plans for a $10 billion AI infrastructure investment in partnership with U.S.-based AI cloud company Firebird, aimed at building a computing cluster powered by 100,000 advanced GPUs, including Nvidia chips.
Nvidia intends to invest in the company, which is pursuing an approximately 2-gigawatt AI infrastructure expansion across Armenia, Kazakhstan and other market, as stated in the chipmaker's announcement.
Meanwhile, San Francisco-based AI video startup Higgsfield also has a significant presence in Kazakhstan, with more than 300 people working across its engineering and creative teams there.
The company's co-founder, Kazakhstani AI engineer Yerzat Dulat, told CNBC exclusively that "building a team in Kazakhstan was an unexpected bet for many. Today, we're backed by some of the most influential names in technology and media."
Jensen Huang's first visit to Astana is the perfect moment to share this news, as Kazakhstan becomes Central Asia's AI hub.
Yerzat Dulat
Co-Founder, Higgsfield
Higgsfield said Friday that Nvidia and investment firm TCV had invested in an extension of its Series B funding round, yet it did not disclose the amount. Earlier, the AI video startup company had also raised $400 million in a Series B funding round at a $5.4 billion valuation in August.
"The first thing and the last thing is you invest in people, not companies. And the founders of Higgsfield are visionary in the work that they do" Huang said in a fireside chat.
At the center of the initiative is Data Center Valley, a planned AI infrastructure hub in Ekibastuz with 300 megawatts of power capacity is already available with plans to expand to 1 gigawatt.
Kazakhstan is promoting its competitive electricity costs, large land reserves and investment incentives as advantages for international data center developers, as demand for computing capacity continues to grow — and some of that investment push is already taking shape.
Kazakh President Kassym-Jomart Tokayev said earlier this month that two supercomputing clusters powered by Nvidia technologies had already been launched in the country.
Other international companies have also announced plans to invest in Kazakhstan's digital infrastructure.
According to the country's digital development ministry, Singapore-based GK Hyperscale has also signed an agreement with Kazakhstan's government to develop two hyperscale data centers, with an expected investment of $1.5 billion and a combined IT capacity of 200 megawatts.
The project also includes a planned $1.2 billion investment in power infrastructure, with construction initially scheduled to begin in early 2026 and the first data center module expected to become operational in 2027.
China's growing connection to Central AsiaThe growing corporate interest in Kazakhstan also extends beyond the AI industry.
German's Volkswagen has revamped its push into Central Asia this year, announcing in late June that for the first time its China business and factories was leading vehicle exports to another country, in this case Uzbekistan.
A few weeks later, the automaker announced entry into Kazakhstan.
The expansion illustrates how international companies are looking beyond China for new customers while using their existing Chinese manufacturing operations to serve neighboring markets.
In a "Tianjin Declaration" at the close of the SCO Summit in 2025, members of the security organization noted the potential of platforms such as an AI innovation center in Kazakhstan.
This year's SCO event on artificial intelligence took place earlier this month in Kazakhstan's capital, Astana, bringing together representatives from member states to discuss national AI strategies, regulation and opportunities for technological cooperation.
USD/CAD se pohyboval poblíž 1,40, zatímco trh do zasedání BoC 28. října započítával zvýšení sazeb o 21 bazických bodů. CIBC však varuje, že slabá poptávka může brzdit promítání výrobních cen do inflace.
Canadian Dollar Forecast: Producer Prices Test October Rate Expectations
The Canadian Dollar's rally faces a test as CIBC questions how far factory-price increases will reach consumers, despite rising Bank of Canada hike risk.
The US Dollar to Canadian Dollar exchange rate was trading at 1.4017 on Friday, close to the 1.40 level after a week of gains for the Canadian currency.
Higher expectations for Canadian interest rates have helped that advance, but CIBC questions whether the producer-price shock warrants the policy response investors increasingly anticipate.
Its mechanical inflation model points to 3.2% CPI inflation in the first quarter of 2027, above its 2.9% house forecast.
The bank has not adopted that model result as its new baseline, even as it acknowledges a growing chance of an October rate rise.
A fresh producer-price increase sharpens the debate
Statistics Canada's September release put annual industrial product inflation at 14.5%, with prices rising 2.0% on the month.
Yet excluding energy and petroleum products, the monthly increase was a much smaller 0.3%.
Economists Helen Lao and Avery Shenfeld find that most of the consumer basket has little statistical connection with producer prices:
"But we find that only a third of the weight of the CPI basket, mainly in energy, food and some household goods as well as some services components such as homeowners' replacement cost and restaurants, show a statistically significant link to producer prices."
Energy can move both measures at the same time, which makes the relationship less useful as an early warning of future inflation.
CIBC cautions: "We don't, of course have the PPI data from here to the end of the year, and energy futures markets are dealing with considerable uncertainty over the prospects for a resolution of the Persian Gulf situation."
The analysis used August producer-price data, so the subsequent September release does not constitute an update to CIBC's model or forecasts.
Weak demand could limit the pass-through to shoppers
CIBC says: "This supply-side approach also could miss much of the downside pressure on inflation coming from the demand side of the Canadian economy."
"Canada has much less labour market tightness, and slower wage growth, than was the case when the Russia-Ukraine war led to an IPPI increase centered on energy and grains. The correlations from that period could therefore overstate the ability of the business sector to pass on cost increases in the current environment."
The bank's house forecast also allows for some easing in energy-supply disruption, an assumption that could lower inflation without requiring an immediate Canadian rate rise.
Lao and Shenfeld argue that the BoC still has time to assess the interaction between oil supply and US trade tensions:
"If a deal to resolve trade tensions is forthcoming, and no resolution is reached on oil supply issues, hiking in December, or even in January, would not represent a significant delay. But if oil prices abate and trade tensions escalate, hiking now would be a step that the central bank would likely regret."
That caution differs from Goldman's decision to bring its expected BoC hike forward to October, following the business and consumer surveys.
CIBC says the BoC's forthcoming Prima forecasting model emphasises firms' pricing decisions and cost pressures, potentially helping to explain Governor Tiff Macklem's greater concern:
"As a result, we see rising odds of a rate hike this month, even with recent core CPI and employment data leaning the other way, based on the impression that the Governor's remarks last weekend were designed to have markets pricing in that outcome."
How much rate support is already in the Canadian Dollar?
Scotiabank's Thursday assessment linked Canadian Dollar strength to a narrowing gap between US and Canadian yields, with markets then pricing 21 basis points of tightening at the 28 October meeting.
That was already close to a full quarter-point rise.
Spectra Markets' Brent Donnelly had warned earlier in the week that the rapid shift towards tighter policy could leave expectations too aggressive, particularly with headline and underlying inflation giving different signals.
Scotiabank's short-term technical view remained bearish for USD/CAD, meaning favourable for the Canadian Dollar, but identified potential congestion around 1.40.
Its strategists wrote: "We look to a near-term range bound between 1.3980 and 1.4080."
Those boundaries describe a technical trading range, not a year-end forecast.
What This Means for USD/CAD
A quarter-point BoC hike alone may offer limited fresh support if investors have already anticipated most of it. A stronger case for further increases could help USD/CAD break below the lower end of Scotiabank's range.
CIBC's doubts become more consequential if policymakers emphasise subdued underlying inflation and weak demand. A hold, or a hike accompanied by cautious guidance, could prompt investors to reassess the interest-rate support behind the Canadian Dollar's recovery.
Investors will need to judge whether the BoC expects the producer-price shock to spread, and how convincing that assessment is when much of the consumer basket follows other influences.
USD to TRY Forecast: ING Targets 51.50 at End-2026 After Turkey Cuts Rates Foreign exchange analysts at ING expect the Turkish Lira to weaken against the US Dollar, but see demand for its high yields surviving Turkey's renewed interest-rate cuts. Turkey's central bank cut its policy rate by 100 basis points to 36% on Thursday, matching ING's pre-decision call.
The US Dollar to Lira exchange rate was trading at 49.7372 on Friday, compared with ING's forecast of 51.50 at end-2026.
That implies roughly a 3.5% rise in USD/TRY, or a 3.4% decline in the Lira's Dollar value.
ING had linked its forecast to easing price pressures: "Inflation sentiment has improved after benign September data and expectations of weaker demand. We expect 100bp cuts in October and December, taking the policy rate to 35% by year-end, versus our 29.0% inflation forecast for year-end."
High interest income can coexist with a weaker Lira Frantisek Taborsky, ING's EMEA FX and fixed-income strategist, expects demand for Lira investments to survive the narrowing interest-rate advantage:
"Although crowded long TRY positions offer less and less carry, they remain popular in emerging markets, and we expect this demand to persist in the coming months despite renewed rate cuts."
"The recent weekly adjustment in USD/TRY does not alter the overall FX setup, and the carry trade continues. We expect a level of 51.50 USD/TRY by the end of the year."
Investors in a carry trade seek to earn more in interest than they lose through currency depreciation and funding costs.
Their willingness to hold Lira assets therefore need not imply an expectation that the exchange rate itself will strengthen.
A gradual decline was also central to MUFG's earlier assessment of the Lira's vulnerability to energy costs and weaker reserves, although ING places greater emphasis here on the durability of investment demand.
The fund shock creates room for cuts, but also risk Turkey's investment-fund disruption complicates the outlook: damage to household wealth and confidence can restrain spending and inflation, while financial losses could spread between institutions.
Taborsky's assessment before the decision was that the authorities had prevented the initial shock from becoming a wider flight from the currency:
"The authorities' swift response appears to have contained the fund shock, with no signs of systemic risk or a sharp rise in dollarisation, while foreign inflows have resumed."
Taborsky adds: "However, it may further weaken domestic demand through tighter liquidity, wealth losses and lower confidence. Repayments to smaller investors could cushion consumption, but counterparty exposures remain the main spillover risk."
Here, counterparty exposure means the possibility that trouble at one institution creates losses for others with financial claims on it.
The central bank's decision acknowledged weak domestic demand and slowing underlying inflation, while warning that elevated energy prices remained an upside risk.
It also retained the option of additional measures if unexpected developments in credit and deposit markets impaired the transmission of monetary policy.
What This Means for USD/TRY ING's 51.50 forecast allows for further depreciation while investors continue to earn interest on Lira holdings. Faster cuts or renewed financial stress could upset that balance by reducing the return investors receive for accepting currency risk.
The next decision is 10 December. ING's remaining 100-basis-point cut depends on inflation giving policymakers room to proceed; Thursday's reduction does not commit them to that outcome.
The central bank expressly retained the option to reverse course: "In case of a significant and persistent deterioration in the inflation outlook, monetary policy stance will be tightened."
First Hawaiian, Inc. (NASDAQ:FHB) will release earnings for its third quarter before the opening bell on Friday, Oct. 23.
Analysts expect the Honolulu, Hawaii-based company to report quarterly earnings of 59 cents per share, compared to 59 cents per share in the year-ago period. The consensus estimate for FHB’s quarterly revenue is $228.92 million. It reported $226.39 million last year, according to Benzinga Pro.
On July 24, First Hawaiian posted better-than-expected second-quarter earnings.
First Hawaiian shares rose 3.2% to close at $26.13 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
TD Cowen analyst Janet Lee maintained a Hold rating and cut the price target from $31 to $28 on Oct. 5, 2026. This analyst has an accuracy rate of 54%. JP Morgan analyst Anthony Elian upgraded the stock from Underweight to Neutral and cut the price target from $30 to $29 on Oct. 1, 2026. This analyst has an accuracy rate of 52%. Piper Sandler analyst Matthew Clark maintained a Neutral rating and lowered the price target from $30 to $27 on Oct. 1, 2026. This analyst has an accuracy rate of 70%. Stephens & Co. analyst Andrew Terrell maintained the stock with an Equal-Weight rating and raised the price target from $28 to $32 on July 29, 2026. This analyst has an accuracy rate of 67%. Benchmark analyst Andrew Liesch initiated coverage on the stock with a Hold rating on July 9, 2026. This analyst has an accuracy rate of 70%. Considering buying FHB stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
, /PRNewswire/ -- Huntington Bancshares Incorporated announced that the Board of Directors ("Board") declared a quarterly cash dividend on the company's common stock (Nasdaq: HBAN) of $0.155 per common share, unchanged from the prior quarter. The common stock cash dividend is payable January 4, 2027, to shareholders of record on December 18, 2026.
The Board also declared quarterly cash dividends on the following six series of its preferred stock payable January 15, 2027, to their respective shareholders of record on January 1, 2027:
A quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150500) of $17.51025352 per share (equivalent to $0.4377563 per depositary receipt share).
A quarterly cash dividend on its 5.625% Series F Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AT1) of $1,406.25 per share (equivalent to $14.0625 per depositary share).
A quarterly cash dividend on its 4.450% Series G Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150AV6) of $1,112.50 per share (equivalent to $11.1250 per depositary share).
A quarterly cash dividend on its 4.5% Series H Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANP) of $11.25 per share (equivalent to $0.28125 per depositary share).
A quarterly cash dividend on its 6.875% Series J Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANL) of $17.19 per share (equivalent to $0.42975 per depositary share).
A quarterly cash dividend on its 6.25% Series K Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (CUSIP#: 446150BG8) of $1,562.50 per share (equivalent to $15.625 per depositary share).
Lastly, the Board declared a quarterly cash dividend on the company's 5.50% Series L Non-Cumulative Perpetual Preferred Stock (Nasdaq: HBANZ) of $343.75 per share (equivalent to $0.34375 per depositary share) payable February 19, 2027, to shareholders of record on February 4, 2027.
About Huntington
Huntington Bancshares Incorporated is a $288 billion asset regional bank holding company headquartered in Columbus, Ohio. A top 10 U.S. commercial bank, The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services. Founded in 1866, Huntington operates approximately 1,400 branches in 21 states, with certain businesses operating nationally. Visit Huntington.com for more information.
EUR/USD krátce klesl pod 1,12, protože sentiment vůči euru zhoršilo rozšíření spreadů francouzských CDS. Spotřebitelská důvěra v eurozóně v říjnu klesla na −17,9, nejnižší úroveň od května.
Danske Bank highlights weaker Euro sentiment amid rising French CDS spreads, with EUR/CHF declining and EUR/USD briefly falling below 1.12. US and German bond yields also dropped across the curve, while Eurozone consumer confidence weakened more than expected in October. Attention turns to the upcoming flash PMIs, with the composite index expected to ease to 52.7 from 53.1, signalling continued moderate economic growth.
Bearish Euro and softer Treasury yields"EUR/CHF also dropped as the bearish EUR sentiment grew together with a new rise in the French CDS. EUR/USD also briefly fell below 1.12. Yields dropped across the curve both in US and Germany. Notably, the 10Y US Treasury yield fell below 5% for the first time in a month."
"In the euro area, consumer confidence fell more than expected in October to -17.9 (cons: -17.0, prior: -16.8), which is the lowest level since May."
"Weak confidence should weigh on consumption in the fourth quarter of the year. However, we saw decent consumption growth in Q2 despite plunging confidence, so the indicator is not the most reliable for spending at the moment. "
"In the euro area, the flash PMIs for October are released, which are set to be important for markets. Following a positive trend in the latest months, the PMIs are expected to show stabilisation with small declines. "
"The composite PMI is expected to fall to 52.7 from 53.1 which is still a strong level that indicates moderate growth in the economy, despite a small decline. We pay particular attention to the price components, which started to rise again last month due to higher energy prices."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Pomerantz vyšetřuje společnost Jackson Financial kvůli podezření na podvod s cennými papíry poté, co QVT Financial LP ve zprávě uvedla, že její dceřiná společnost Jackson National Life používala neobvyklé splátkové uspořádání se svým captive zajistitelem Brooke Re k maskování rozsáhlých ztrát ze zajištění a nadhodnocení ukazatelů solventnosti. Akcie 17. září 2026 klesly o 5,63 %.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Jackson Financial Inc. ("Jackson Financial" or the "Company") (NYSE: JXN). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Jackson Financial and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 17, 2026, QVT Financial LP published a short report alleging that Jackson Financial's subsidiary, Jackson National Life, used an unusual installment arrangement with its captive reinsurer, Brooke Re, to mask massive hedge losses and inflate solvency metrics.
Following publication of the report, Jackson Financial's stock price fell $7.72 per share, or 5.63%, to close at $129.38 per share on September 17, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of The Cooper Companies, Inc. ("Cooper" or the "Company") (NASDAQ: COO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Cooper and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 9, 2026, Cooper announced third quarter 2026 results. Among other things, the Company "reported revenue of $717 million, essentially flat year-over-year" and said that "the results in the Americas reflected CooperVision' U.S. channel inventory reductions." The Company further stated that it "proactively reduced U.S. channel inventory that weighed on our results and will continue to impact Q4." Cooper also lowered its full-year guidance, explaining that "the entire reason for the reduction in the revenue guidance for CooperVision was tied to just channel inventory." Cooper also reduced revenue guidance by approximately 1.4%, or $59.5 million at the midpoint, to $4.24 billion, and likewise reduced EPS guidance by approximately 1.8%, or $0.09 at the midpoint, to a range of $4.51 to $4.55.
On this news, Cooper's stock price fell $9.31 per share, or 14.67%, to close at $54.17 per share on September 10, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Americké spotové bitcoinové ETF zaznamenaly 22. října čistý odliv ve výši 635 milionů USD, z toho 254 milionů USD připadlo na fond BlackRock iShares Bitcoin Trust (IBIT).
US spot Bitcoin ETFs bled $635 million on October 22, according to SoSoValue data reported by Odaily. That is a sharp reversal for a product category that had spent the previous few days collecting cash.
BlackRock’s iShares Bitcoin Trust (IBIT), the biggest name in the space, was the largest single source of the outflow. Investors pulled $254 million from the fund in one session.
A busy week in reverse The timing is what makes the number stand out. In the three days before October 22, these funds attracted more than $1 billion in combined inflows.
October 21 alone brought in approximately $528 million. Most of that came from the two heavyweights of the category.
IBIT took in $235 million that day. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $212.7 million.
Then the next day happened. IBIT’s $254 million outflow on October 22 was larger than its entire $235 million haul from the session before, which means the fund gave back a full day of gains plus about $19 million more.
With IBIT responsible for $254 million of the $635 million total, other issuers accounted for roughly $381 million in redemptions between them.
October has been choppy overall. Earlier in the month, certain stretches saw outflows reaching as high as $600 to $900 million, and mid-October brought only a modest uptick in flows before the late-week rally in demand.
The bigger picture since launch One rough day does not erase the longer trend. Cumulative net inflows into US spot Bitcoin ETFs since their January 2024 debut have now approached $57 to $58 billion.
Total net assets held across these funds are estimated at between $100 billion and $109 billion. That puts a $635 million day into perspective: meaningful, headline-worthy, but well under 1% of the asset base.
The Bitcoin price itself held a relatively steady range of $82,000 to $85,000 around this period. The research shows minimal direct correlation between the ETF flow figures and Bitcoin’s price during these swings.
What this means for investors For anyone tracking institutional demand, the key question is whether October 22 marks a turn or a blip. Earlier October buying has been read as a sign of resilient institutional appetite amid ongoing macroeconomic uncertainty.
The fact that Bitcoin stayed within its $82,000 to $85,000 band is arguably the more important data point. If $635 million in redemptions cannot push the price out of its range, it suggests there is enough buying elsewhere in the market to absorb that selling.
Watch whether cumulative inflows keep climbing toward and past the $57 to $58 billion mark, and whether total net assets hold within or above the $100 billion to $109 billion range.
When the two largest issuers move in the same direction, as they did on the inflow side on October 21, it tends to say more about broad institutional sentiment than scattered moves among smaller funds.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Bitcoin Core is changing how it handles security vulnerabilities, explaining that large language models have made certain software flaws significantly easier to discover.
In an email to the Bitcoin Development Mailing List on Thursday, Bitcoin Core developer Antoine Poinsot said that in the past, vulnerabilities were generally kept under lengthy disclosure embargoes to give users time to upgrade before details became public.
Maintaining that secrecy generally meant fixes could not be backported to older software versions, leaving users waiting until the next major release. However, Poinsot said LLMs have made some flaws so easy to rediscover that delaying fixes offers little protection.
“The embargo period achieves little but it delays the availability of a fixed release,” said Poinsot. “We are therefore updating our policy disclosure to accommodate those.”
The change comes as AI-assisted security research puts pressure on developers across Bitcoin’s software ecosystem.
Under the updated policy, vulnerabilities deemed “easily discoverable” will receive fixes as soon as possible across all maintained major versions, with security advisories published alongside the updates.
“This classification applies to vulnerabilities that can be discovered with minimal effort, such as through a simple LLM prompt,” it said.
Other vulnerabilities will continue to follow disclosure schedules based on severity, ranging from critical flaws that threaten Bitcoin’s fundamental security to lower-risk bugs with limited impact on individual nodes.
Bitcoin Core said low-severity vulnerabilities will be disclosed two weeks after the release of a major version containing the fix, while medium and high vulnerabilities will be disclosed two weeks after the last affected release hits its “End of Life,” typically a year after the fix is released in the new major version.
“Critical bugs are not considered in the standard policy, as they would most likely require an ad-hoc procedure,” it said.
“I’ve disagreed with Antoine’s approach to security in the past, but this is a good update,” said Luke de Wolf, host of the Bitcoin Infinity Show and author of “Defending Bitcoin.”
In August, the volunteer Bitcoin Red Team reported nearly 5,000 potential issues across 390 projects, although only around a fifth of its findings had been reproduced at that point.
That month, Core Lightning developers urged operators to upgrade or take their nodes offline after receiving multiple AI-generated vulnerability reports, while withholding technical details for two weeks.
Magazine: New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express
Jameson Lopp varuje držitele bitcoinů, že ETF ani správci úschovy rizika neeliminují; doporučuje multisig peněženky a rozdělení klíčů mezi různá místa a dodavatele hardwaru.
Casa chief security officer Jameson Lopp has urged Bitcoin holders not to abandon self custody in favor of ETFs and third party custodians following a series of cryptocurrency wallet security incidents.
Summary
Jameson Lopp has urged Bitcoin holders not to abandon self custody despite.
Lopp warned that Bitcoin ETFs and third party custodians do not eliminate security risks but leave investors dependent on institutions to safeguard their holdings.
Recent incidents have raised questions about the safety of managing Bitcoin independently.
Lopp recommended multisig wallets and distributing private keys across different locations and hardware suppliers to reduce the risk of losing funds.
Bitcoin holders are advised to review their security arrangements and prepare for situations where they may no longer be able to access their funds.
In an October 22 open letter addressed to Casa clients and the Bitcoin community, Lopp argued that recent attacks had raised genuine concerns about managing private keys but did not justify giving up direct control of Bitcoin holdings.
Lopp pointed to recent incidents involving hackers using AI to find security flaws, compromised hardware wallet supply chains, drained cold wallets and more sophisticated scams, which have left many Bitcoin holders questioning whether they can safely manage their own funds.
According to him, many of the attacks making headlines today were already known to security professionals, although their emergence in actual incidents had made the risks more difficult for ordinary holders to ignore.
Lopp warns Bitcoin ETFs do not eliminate custody risks
Lopp took particular issue with the idea that moving Bitcoin into exchange traded funds or other managed custody arrangements offered a straightforward solution to recent security problems.
He acknowledged that investors could feel more comfortable relying on financial institutions after hearing about wallet compromises, but argued that transferring control of private keys merely placed responsibility with another party.
In his view, Bitcoin ETFs provide investors with exposure to the cryptocurrency’s price without giving them direct control over the underlying coins.
The arrangement requires investors to depend on the fund, its custodian and other parties responsible for safeguarding the assets. Lopp warned that holders could have little influence over decisions affecting their Bitcoin, including situations involving freezes or seizures by authorities.
He maintained that Bitcoin’s defining properties came from its fixed supply, publicly verifiable rules and the ability of users to access their holdings without obtaining permission from an intermediary.
Although investors could benefit financially from Bitcoin without holding private keys, Lopp argued that they would not enjoy the same degree of control available through direct ownership.
The warning followed reports that some Bitcoin holders had moved assets toward centralized platforms after recent wallet compromises.
In August, crypto.news reported record OKX inflows following the Coldcard hardware wallet exploit, with the exchange saying that customers were increasingly turning toward managed custody.
Recent Bitcoin wallet exploits have raised security concerns
The concerns outlined in Lopp’s letter followed several incidents involving weaknesses in wallet software, hardware distribution and private key generation.
One of the most significant cases involved Coldcard hardware wallets, where a firmware configuration error dating back to March 2021 caused affected devices to generate recovery seeds using a weaker source of randomness.
An August 3 report on the Coldcard security exploit detailed suspected Bitcoin thefts worth nearly $90 million at the time and calls from Kraken chief security officer Nick Percoco for independent testing of wallet seed generation.
The flaw allowed attackers to reconstruct vulnerable private keys without physically accessing the devices or obtaining their recovery phrases.
Coldcard subsequently released corrected firmware, although previously generated vulnerable seeds required users to create new wallets and transfer their holdings.
More recently, an October 13 investigation into compromised Ledger hardware wallets detailed cases involving devices distributed through Southeast Asian reseller CryptoBilis.
Ledger confirmed that an unauthorized hardware implant had been identified in one affected device, while the investigation had not established that its own systems or direct sales channels were compromised.
Security problems involving weak recovery seeds have affected other cryptocurrency networks as well.
On October 18, Qubic disclosed a wallet security breach involving approximately 2.94 trillion QU tokens worth $1.4 million stolen from 1,404 wallets.
Developers traced the incident to insufficient randomness in certain wallet recovery seeds and subsequently corrected the affected software.
Multisig security remains central
Against this background, Lopp argued that the response to failed security controls should involve improving wallet protection instead of abandoning self custody altogether.
Drawing on more than 15 years of security incidents across the cryptocurrency industry, he said effective custody arrangements needed to account for human mistakes and the possibility that individual safeguards could fail.
His preferred approach involved multisignature wallets, which distribute transaction authorization across multiple private keys and can prevent a single compromised key from providing complete access to funds.
Lopp cautioned that multisig was not a complete solution by itself, although he maintained that carefully designed arrangements could provide stronger protection than conventional custody systems.
He encouraged Bitcoin holders to review their existing setups and distribute keys across different geographic locations and hardware supply chains to reduce their dependence on any single device or location.
The letter addressed inheritance planning as another important consideration, particularly what would happen to someone’s Bitcoin if they became unable to access or manage their holdings.
Casa, which provides assisted self custody services, positions its role around helping customers manage these arrangements without taking possession of their private keys.
Lopp closed by warning that both malicious actors and well intentioned intermediaries could ultimately gain control over someone else’s Bitcoin, leaving holders responsible for deciding how much control they were prepared to surrender.
XRP is trading at $1.31, down 4.4% over the past 24 hours, after more than six billion tokens moved onto exchanges over the trailing month — the heaviest inflow reading in seven months. CryptoQuant counts 6.05 billion XRP in 30-day exchange inflows, with Binance alone taking in 2.46 billion of it. The immediate question is whether that wave is selling pressure hitting order books, or ordinary market plumbing. Read carefully, the data points somewhere in between.
As of 23:37 UTC on October 22, XRP changed hands at $1.31, down 4.40% over 24 hours, with a market capitalization of $82.38 billion, good for fifth place among crypto assets, per CoinGecko. The 24-hour range ran from a low of $1.30 to a high of $1.37 on about $1.57 billion of volume. Over the past month the token has shed roughly 16% from its September 23 level near $1.57, and it sits about 64% below the all-time high of $3.65 it set in July 2025.
A 6.05 Billion Token Wave, Exchange by Exchange The headline number comes from CryptoQuant’s QuickTake platform, where analyst Arab Chain traced XRP movement onto centralized venues. “There has been a notable surge in XRP inflows to cryptocurrency exchanges, with the total volume reaching approximately 6.05 billion XRP over the last 30 days, the highest level in seven months,” the analysis reads.
The breakdown matters because it shows where the supply is landing. Binance absorbed the largest share at roughly 2.46 billion XRP, about 40.7% of the total. Bybit took in about 580.31 million, OKX 557.13 million, Upbit 544.48 million, Bitget 284.52 million, KuCoin 55.24 million and Gate 29.47 million. In dollar terms, 6.05 billion XRP at $1.31 is just under $7.93 billion in tokens that moved toward venues where they can be sold quickly.
The inflow spike arrives against a steadily declining price. The chart below plots XRP’s daily close over the trailing 30 days: the token has printed lower highs since late September, sliding from $1.57 down to the current $1.31 area.
Why Inflows Don’t Automatically Mean Selling CryptoQuant is explicit that the metric is not a sell signal. “It should be noted that an increase in XRP inflows to exchanges does not necessarily mean that investors are preparing to sell,” the analyst writes, adding that “interpreting this indicator becomes more accurate when compared with XRP’s price action, trading volume, and exchange outflows.”
The distinction is more than semantics. A transfer to an exchange can reflect custody moves, active trading, or wallet reshuffling — not a decision to dump. And the scale, while large in absolute terms, is a modest slice of the float: 6.05 billion tokens equals roughly 9.6% of the 63.1 billion XRP in circulating supply. A market that absorbed nearly a tenth of its circulating supply landing on venues in a single month, and only gave up about 16% from its September high, is not showing the hallmarks of a supply cascade.
The exchange-side picture is also softened by what is happening on the fund side. U.S. spot XRP ETFs were the demand story this autumn, though that streak cooled in recent days: the funds ended a 13-week run of consecutive weekly inflows in mid-October, a shift BlockchainReporter covered when spot XRP ETFs ended their 13-week inflow streak. With both daily ETF flows and price softening, the $1.30 level has become the line in the sand.
The Levels That Matter Now On the technical side, XRP’s immediate floor is the October 22 intraday low of $1.30, which also marks the 24-hour low across major venues. A break below it opens the way toward the October 18-19 lows near $1.29, the weakest prints of the month. On the upside, $1.37 — the October 22 high — is the first resistance, and above that sits the $1.40 round number where XRP has repeatedly failed over the past week.
These levels are drawn from the observed 24-hour and weekly ranges, not from a forecast. A daily close back above $1.37 would be the first sign that the inflow wave has been absorbed; a close below $1.29 would suggest supply is still clearing. Neither outcome is guaranteed by the flow data alone, which is the point CryptoQuant makes when it insists the indicator be read next to price and volume rather than in isolation.
The Wider XRP Picture Away from the order books, two threads frame the next several weeks. The XRP Ledger’s fixCleanup3_4_0 amendment lost the validator support it needed to activate on schedule, pushing the network’s cleanup change later into November and underscoring that the ledger’s own upgrade cadence runs independently of the token’s price. Meanwhile, XRP remains the asset at the center of Ripple’s long-running regulatory fight with the SEC, which continues to shape how institutions weigh the token.
For a longer horizon, the XRP price prediction case rests on a different set of drivers — ETF flows, ledger utility, and the resolution of the SEC dispute — rather than the month-to-month movement of tokens onto exchanges. The inflow print is a snapshot, not a verdict.
Frequently Asked Questions What is XRP’s price today? XRP traded at about $1.31 on October 22, 2026, down 4.40% over 24 hours, with a market capitalization of roughly $82.38 billion, according to CoinGecko.
Why is XRP down today? XRP fell as CryptoQuant reported 6.05 billion XRP in 30-day exchange inflows, a seven-month high, while spot XRP ETF inflows cooled after a 13-week streak ended.
Does the exchange inflow data prove whales are selling? No. CryptoQuant notes that inflows can reflect custody moves, trading, or wallet transfers, and says the metric must be read alongside price action, volume, and outflows.
What are XRP’s support and resistance levels? Immediate support sits near $1.30, the October 22 low, with the October low around $1.29 below it. Resistance starts at $1.37, then the $1.40 level where the token has repeatedly failed.
How much of XRP’s supply is 6.05 billion tokens? 6.05 billion XRP equals roughly 9.6% of the 63.1 billion XRP in circulating supply, worth about $7.93 billion at $1.31 per token.
Data: CoinGecko, Binance, CryptoQuant.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
AUTHOR
Samuel is a professional cryptocurrency writer specializing in blockchain technology and market analysis. He delivers in-depth insights into emerging trends and developments, producing well-researched, engaging content that makes complex crypto topics accessible to both newcomers and experienced industry professionals. Through his analytical approach and clear writing style, Samuel provides valuable perspectives on the evolving digital asset landscape, establishing himself as a credible and trusted voice in the cryptocurrency industry.
XAO DAO says several proposals have passed in the last couple of weeks, and a community forum is now live, calling it a huge milestone.
XAO DAO co-founder Santiago Velez announced that proposal 66 had passed, authorizing the decentralized autonomous organization to deploy 80% of its XRP treasury into Firelight, a DeFi protocol focused on decentralized insurance and yield.
The decision would put a large share of the DAO’s XRP holdings to work in a strategy intended to generate returns for members while contributing capital to protection services for decentralized finance.
XAO DAO Vote Approves XRP Deployment to Firelight In his announcement, Velez described the proposal as, to his knowledge, the first time a DAO had deployed treasury funds into a multichain DeFi strategy combining decentralized insurance with yield generation.
He thanked co-manager Fabio Marzella, Flare Networks co-founder Hugo Philion, and the Flare team for developing the Flare Smart Accounts technology, as well as Firelight for the opportunity.
The plan connects XRP with Firelight through Flare Smart Accounts, which provide a route for XRP holders to use DeFi applications. In an October 6 post, Flare described Firelight as a way to put XRP behind a protection layer for DeFi with a single XRPL signature.
Firelight posted the same day that anyone deploying XRP through the feature should connect a supported XRPL wallet and choose to mint and deposit FXRP into the Firelight vault, adding: “So bullish on this.”
Meanwhile, XRP itself was changing hands at $1.34 at the time of writing, having barely shifted in 24 hours but dropping nearly 4% of its value in the last seven days and over 11% across one month. It is also more than 44% lower than where it was a year ago, with the current price a 63% dip from its $3.65 all-time high attained in July 2025.
You may also like: XRP Ledger’s Latest Fix Pushed to November After Voting Setback Ripple Backs SEC’s Proposed Crypto Regulation, Calls for End to Case-by-Case Enforcement XRP Ledger Bug Fixes Set for Friday Activation as DeFi Lending Awaits Approval Governance Changes Aim to Broaden Community Participation The treasury vote follows a wider push to improve how XAO DAO members take part in decisions. In an October 22 update, the organization announced that several proposals had passed in recent weeks and introduced a community forum.
Marzella also outlined updates to the governance app, including proposal management, discussion tools, XRP and RLUSD donation tracking, support for several languages and searchable records.
As CryptoPotato reported in August, XAO DAO was preparing governance changes that included wallet delegation, revised quorum rules and community mini-grants. Delegation would let members assign their voting power to others, while changes to quorum rules were intended to address inactive wallets that could obstruct proposals.
The broader concern was how to turn community participation and funding into lasting activity across the XRP Ledger ecosystem. That question also arose after XRPL infrastructure team Gen3 announced on August 12 that it would wind down its retail products Aigent.run and AxiomProtocol, citing weak demand and rising infrastructure costs.
XRPL stablecoin supply has dropped sharply. According to DefiLlama data, the XRP Ledger’s total stablecoin market cap contracted 13.19% over the past week.
It now sits at roughly $999.9 million, just below the $1 billion mark. XRPL still ranks 12th globally by stablecoin supply. It holds that position ahead of Aptos in 13th place.
RLUSD, Ripple’s dollar-pegged token, remains the dominant force, carrying over 90.75% of all stablecoin value on the ledger.
What Is Driving the XRPL Stablecoin Contraction? The numbers tell a clear story. RLUSD’s market cap on XRPL dropped to around $907 million as of October 22, 2026. That marks a 14.39% decline over seven days.
Earlier in October, total stablecoins on the ledger had climbed past $1.3 billion on strong growth weeks. The pullback from that peak is significant.
This is not random. CoinGape earlier reported on Ripple’s RLUSD mint and burn activity, Ripple Treasury minted $38.6 million on Ethereum while burning $50.6 million on XRPL.
That is a net $12 million reduction in circulating supply. The pattern points to a deliberate cross-chain rebalancing.
Institutional demand appears to be pulling RLUSD liquidity toward Ethereum rails, where DeFi use cases and collateral applications are more mature.
The concentration risk on XRPL is real. With one issuer controlling over 90% of stablecoin supply, any mint or burn decision by Ripple moves the market.
Even so, RLUSD’s total circulating supply across all chains remains in the $2.35–2.4 billion range, which suggests the ecosystem itself is not shrinking, only redistributing. That distinction matters for how investors should read this data.
New Partnerships Hold the Floor as Investors Watch the Recovery Despite the contraction, XRPL’s stablecoin infrastructure is expanding. Cross River Bank recently integrated RLUSD into its core banking platform on the XRP Ledger.
That move opens RLUSD-powered settlement, cross-border transfers, and blockchain payments to a broad network of fintech firms.
Settlement-focused demand of that kind could gradually restore supply to the ledger as partner volume grows.
Ripple has also partnered with Arf to supply RLUSD-backed working capital to licensed cross-border payment firms on XRPL.
Arf plans to deploy that liquidity through XRPL’s native lending protocol once it launches. Similarly, Standard Chartered opened RLUSD institutional custody through its Dubai DIFC branch, a signal that regulated institutions see long-term value in the ledger’s payment rails.
Context also helps here. As CoinGape reported, XRPL overtook Stellar in stablecoin supply earlier this year as RLUSD gained momentum, a position it still holds today even after the weekly pullback.
The XRPL stablecoin supply figure is a live gauge of payment and DeFi activity on the ledger, so it warrants close monitoring in the weeks ahead.
Investors should watch whether supply recovers above the $1–$1.2 billion range, how Ripple’s mint and burn pattern evolves across XRPL versus Ethereum, and whether new settlement integrations translate into measurable on-chain demand.
Toto Finance žádá z pokladny Cardana 22 milionů ADA na tokenizovanou měděnou rezervu; při nezměněné ceně ADA by cena mědi musela vzrůst o 49,4 %, aby se investice vrátila.
Cardano holders are being asked to bet $5 million on copper hitting a new record. (Shutterstock)Summary
Toto Finance is seeking 22 million ADA, or about $5 million, from Cardano’s treasury to buy and tokenize copper, with voting set to close Nov. 15.Copper would need to rise about 49.4% for the treasury to recover its investment if the full budget is spent and ADA’s dollar price remains unchanged.The proposal would use more than half of Cardano’s remaining withdrawal allowance, while Toto could receive up to 3.36 million ADA and retain commercial rights to its separately funded tokenized-copper business.Cardano’s community treasury is being asked to spend about $5 million on a copper reserve, with costs that would require the metal to rise nearly 50% to recover the original investment under the proposal’s assumptions.
Toto Finance, a company that turns physical commodities into blockchain tokens, wants 22 million ADA for what it calls the Cardano Strategic Copper Reserve. Voting closes Nov. 15.
Copper, also known as “Dr. Copper” for its role as a barometer of global growth, is widely tracked as a signal of industrial expansion, with rising prices often pointing to an economic boom.
About two-thirds of the money would buy exchange-grade copper stored in a COMEX-approved warehouse near New Orleans. A token called CuTT would represent each verified pound. The metal would be held for 18 to 24 months, then sold over the following year, with net proceeds and unused funds returned to the treasury by month 36.
There is no guarantee the treasury gets its original ADA back.
The other third covers storage, insurance, audits, oversight and Toto’s work. If the full budget is spent and ADA’s dollar price stays unchanged, copper would need to rise about 49.4% to recover the withdrawal.
The proposal assumes copper is bought at $6.73 a pound and sold at about $10.06. Lower spending would reduce that hurdle, while a stronger ADA would raise it.
“Copper has significant upside potential, with bullish scenarios projecting approximately 30% annual appreciation. At that rate, copper would appreciate 69% over 24 months, potentially more than covering the 49.4% break-even threshold. Of course, commodity prices can also decline,” Monty Metzger, Toto’s founder and chairman, told CoinDesk in an email.
“Toto takes no profit from this proposal,” Metzger added, attributing much of the additional spending to Cardano’s constitutional requirements for oversight and auditing.
The budget allocates 2.64 million ADA to Toto for technology and project management, plus a 441,732 ADA execution fee. Toto could also receive up to 278,291 ADA through a margin on third-party storage and insurance invoices, included within the operating budget. Together, those payments could reach about 3.36 million ADA, roughly 15% of the request.
What Toto getsToto would retain the platform’s commercial rights and income from its separately funded CuTT business. The treasury’s financial return would come from its copper sales and unused funds.
Metzger said the company wants to scale the product to “$5 billion in tokenized copper assets” and that “Cardano could become our flagship showcase.”
The tokens would first be minted on Ethereum and locked in a bridge, software that allows matching tokens to be issued on Cardano. The contracts and their security reviews remain future work. Metzger said trackers of tokenized real-world assets have “historically focused heavily on Ethereum-based assets.”
Toto would hold legal title to the copper. Metzger said “an independent collateral agent and first-priority security arrangements” would protect the treasury if Toto failed, but did not name the agent.
The request lands with Cardano’s spending room nearly used up.
A 500 million ADA withdrawal cap runs through about July 2027, and 457.4 million had been used as of Oct. 16 — meaning the copper proposal would consume just over half the remaining allowance. Under the existing rules, returning the proceeds would not replenish it.
In late May, the Cardano Foundation’s 7.8 million ADA request for its 2026 summit won 65.21% support, short of the two-thirds required, and the event was canceled. Toto is asking for nearly three times as much.
Read More: Cardano Summit 2026 canceled after community votes against Foundation funding proposal
Cboe Global Markets navýšila schválený program odkupu vlastních akcií o 550 milionů USD a vyhlásila dividendu ve výši 0,86 USD na akcii za čtvrté čtvrtletí 2026.
Increases share repurchase authorization by $550 million
Quarterly cash dividend of $0.86 per share
, /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced its Board of Directors has authorized the company to repurchase up to an additional $550 million of its outstanding common stock and declared a quarterly cash dividend of $0.86 per share of common stock for the fourth quarter of 2026.
The fourth-quarter 2026 dividend is payable on December 15, 2026, to stockholders of record as of November 30, 2026.
As of June 30, 2026, the Company had $536.8 million of availability remaining under its existing share repurchase authorizations.
"Cboe's strong cash flow and robust balance sheet give us the flexibility to continue investing in our growth priorities while returning capital to shareholders," said Craig Donohue, Chief Executive Officer of Cboe Global Markets. "Today's increase to our share repurchase authorization, together with our dividend announcement, reflect the Board's confidence in our business and our commitment to delivering long-term value."
The share repurchase program has no expiration date. The repurchase program permits the company to purchase shares through a variety of methods, including in the open market, through established trading plans, or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate the company to make any repurchases at any specific time or situation. The timing and extent to which the company repurchases its shares will depend upon, among other things, market conditions, share price, liquidity targets, regulatory requirements and other factors. Share repurchases may be commenced or suspended at any time or from time to time without prior notice.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world's first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world's leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.
Cboe Media Contacts
Cboe Analyst Contact
Angela Tu
Tim Cave
Kenneth Hill, CFA
+1-646-856-8734
+44 (0) 7593-506-719
+1-312-786-7559
[email protected]
[email protected]
[email protected]
CBOE-C
CBOE-OE
Cboe®, Cboe Global Markets®, and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor's Financial Services LLC. All other trademarks and service marks are the property of their respective owners.
Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.
We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price and new products and services competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel; increasing competition by foreign and domestic entities; our business and operational dependence on and exposure to risk from third parties; factors that impact the quality and integrity of our and other applicable indices; our ability to manage our global operations, growth, and strategic acquisitions, wind downs, divestitures, or alliances effectively; increases in the cost of the products and services we use; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, liquidity, market, investment, counterparty, and default risks, associated with operating our clearinghouses; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing our business interests and our regulatory responsibilities; the loss of key customers or a significant reduction in trading or clearing volumes by key customers; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the accuracy of our estimates and expectations; and litigation risks and other liabilities. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2025 and other filings made from time to time with the SEC.
We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
