Track market-moving stories before they get noisy

Strategy (MicroStrategy Incorporated (NASDAQ:MSTR)) shares climbed nearly 12% on Monday after the company unveiled a new capital management framework that authorizes the potential sale of up to $1.25 billion in Bitcoin under certain conditions, while reaffirming its long-term commitment to the cryptocurrency as its primary treasury reserve asset.

The new Digital Credit Capital Framework is designed to strengthen the company's preferred securities, improve liquidity and provide greater flexibility in managing its balance sheet.

Under the framework, Strategy may sell Bitcoin to build or replenish its U.S. dollar reserve, fund preferred stock dividends and interest payments, or finance repurchases of preferred securities and common stock when management determines it is more advantageous than issuing new equity. The authorization does not require the company to sell any Bitcoin.

"Strategy remains committed to Bitcoin as its primary treasury reserve asset," Executive Chairman Michael Saylor said. "At the same time, Digital Credit requires liquidity, discipline, and active capital management."

The company also approved separate $1 billion share repurchase programs for its preferred securities and Class A common stock and increased the annual dividend rate on its STRC preferred stock to 12% beginning July 1.

Chief Executive Officer Phong Le said the framework gives Strategy greater flexibility to issue securities or repurchase them depending on market conditions, with the goal of creating long-term shareholder value.

Vanguard Total Stock Market ETF holds more than twice as many companies as State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF. Both funds carry a minimal 0.03% expense ratio making them among the most cost-effective options for total market exposure.

Iridium Communications Inc. (IRDM) M&A Call Prepared Remarks Transcript

CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) will issue its second quarter 2026 earnings release after the close of trading on the New York Stock Exchange on Wednesday, July 29, 2026. A conference call to discuss those earnings will be held on Thursday, July 30, 2026 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). The dial-in number for the conference call is (888) 330-3576 (or +1 (646) 960-0672 for international callers), and the participant passcode is 7655497. A live webcast can b.

Applied Materials shares are testing new highs. Why are AMAT shares at highs? What Is Driving Applied Materials’ Stock Surge?Keybanc raised its price target on Applied Materials to $750 from $550 while keeping an Overweight rating, helping reinforce the bullish tone around semiconductor equipment names. Additionally, Cantor Fitzgerald maintained Applied Materials with an Overweight rating and raised the price target from $650 to $850.

Applied Materials is also riding a tape where semis are rebounding after last week’s broader market sell-off. That index-level push matters for AMAT because systematic buyers often add exposure to semiconductor equipment when the tech-heavy Nasdaq-100 is leading.

Critical Technical Levels for AMAT StockThe stock is extended above its trend gauges, trading 25% above the 20-day SMA ($559.28) and 110.6% above the 200-day SMA ($332.03), which is classic late-stage momentum behavior rather than an early breakout. The 20-day SMA remains above the 50-day SMA and the 50-day SMA is above the 200-day SMA (a golden cross that occurred in July 2025), keeping the longer-term trend firmly pointed up.

RSI is the cleanest momentum lens here: at 70.55, it’s in overbought territory, which tells you the move is getting stretched and more prone to sharp pullbacks or sideways digestion even if the primary trend stays bullish. A practical way to frame risk is that the stock is pressing toward its 52-week high ($669.22), so follow-through matters—otherwise, "overbought" can quickly turn into a fast mean-reversion move.

Key Resistance: $669.22 — the 52-week high zone from June, where breakouts often need multiple attempts Key Support: $559.28 — aligns with the 20-day SMA, a common first "buy-the-dip" area in strong uptrends What Is Applied Materials and Its Market Position?Applied Materials is the largest semiconductor wafer fabrication equipment manufacturer in the world, with tools that touch nearly every part of the wafer-fab equipment stack. It’s especially strong in deposition—equipment used to layer new materials onto semiconductor wafers—which is a core step in making more advanced chips.

The company is also more exposed to general-purpose logic chips built at integrated device manufacturers and foundries, and it counts major chipmakers like TSMC, Intel, and Samsung as customers. That matters for Monday’s move because when analysts lift targets on a bellwether equipment name, traders often treat it as a read-through on the durability of chip capex expectations.

AMAT Earnings Preview and Analyst RatingsLooking further out, the next major catalyst for the stock arrives with the August 13, 2026 (estimated) earnings report.

EPS Estimate: $3.38 (Up from $2.48 YoY) Revenue Estimate: $9.00 Billion (Up from $7.30 Billion YoY) Valuation: P/E of 59.0x (Indicates premium valuation relative to peers) Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price target of $592.67. Recent analyst moves include:

Cantor Fitzgerald: Overweight (Raises Target to $850.00) (June 29) Keybanc: Overweight (Raises Target to $750.00) (June 29) Wells Fargo: Overweight (Raises Target to $740.00) (June 26) Growth of $1,000 Investment in AMAT Over 5 YearsA $1,000 investment in Applied Materials on June 29, 2021, would have grown to $4,981 by June 29, 2026, a 398.1% total return over the five-year period, with dividends not reinvested. The stake swung between $530 and more than $4,000 along the way.

After starting on June 29, 2021, the position sank to its period low on October 17, 2022, before recovering to $1,027 by June 29, 2023. It reached $1,690 on July 1, 2024, slipped to $1,303 on June 30, 2025, and then surged into the end of the window. The maximum drawdown over the stretch was -55.4%.

On an annualized basis, Applied Materials Inc returned 37.9%, ahead of the S&P 500’s 11.6% annualized return and the Nasdaq 100’s 15.4% annualized return over the same period. Among close peers listed, Lam Research Corp was the nearest comparator, with a 44.8% annualized return.

Applied Materials has a market capitalization of about $553.3 billion. The stock’s current P/E is 59.0, and its current dividend yield is 0.34%.

Applied Materials Benzinga Edge Scorecard OverviewBelow is the Benzinga Edge scorecard for Applied Materials, highlighting its strengths and weaknesses compared to the broader market:

The Verdict: Applied Materials’ Benzinga Edge signal reveals a momentum-driven story with high-quality characteristics, but a clearly premium valuation. For longer-term investors, the setup favors trend-following with disciplined pullback entries rather than chasing strength near resistance.

AMAT Stock Price Movement on MondayAMAT Stock Price Activity: Applied Materials shares were up 11.56% at $699.33 at the time of publication on Monday, according to Benzinga Pro data.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

7 hours ago

SemiAnalysis noted in a report that multiple recent U.S. economic data releases are rife with noise. The upward revision to first-quarter (Q1) GDP was primarily driven by a decline in imports; one-third of May’s personal income growth came from one-time farm relief payments; the surge in PCE (Personal Consumption Expenditures) inflation was led by energy prices; and the sharp drop in durable goods orders stemmed from a reversal in aircraft orders. All these idiosyncratic factors are set to mean-revert, and stripping them out would reshape the broader economic landscape. Tariff-driven goods inflation is a one-time level shock that will drop out of year-over-year data in roughly 12 months, but consumers’ real purchasing power has been permanently reduced and will not recover even as inflation cools. Goods inflation has now outpaced services inflation, reflecting the pass-through effect of tariffs. SemiAnalysis argues that despite macro data volatility, AI-related capital expenditure is a real and sustained trend. Equipment and software contributed 1.55 percentage points to Q1 GDP growth, four times the contribution from consumer spending. Core capital goods orders rose 1.6%, and AI data center construction is rapidly expanding its share of the economy, with no mean reversion in sight.

Relevant content

Iran's Foreign Ministry: No plans to hold talks with the US in the coming days.

Spokesperson for Iran's Ministry of Foreign Affairs: An Iranian technical delegation will visit Qatar this week to discuss the implementation of a memorandum of understanding. There are no plans to hold negotiations with the United States in the coming days.

4 hours ago

Iran warns France not to interfere in the situation in the Strait of Hormuz.

Iran's Deputy Foreign Minister stated that, under the Islamabad Memorandum, only Iran has the right to conduct mine-clearing operations in the Strait of Hormuz. He warned France against intervening in any such actions, noting that this would further complicate the already sensitive situation.

4 hours ago

Chainalysis Unveils Draft Blockchain Tracing Standards

Blockchain analytics firm Chainalysis has released a blockchain tracking ontology proposal aimed at establishing industry standards for on-chain address clustering and tracking. The document breaks down "clusters" (address groups) into finer structures like "wallet segments" and proposes a two-layer framework: the first layer builds address relationship graphs, while the second layer marks the credibility of analysis, to help law enforcement and procuratorial bodies determine whether the data can be used in case handling. Chainalysis drew on its practical experience in the U.S. Department of Justice’s money laundering case against Roman Sterlingov, co-founder of mixing service Bitcoin Fog. A judge in the case ruled its Reactor tool was "highly reliable" following a Daubert hearing. The company emphasized that on-chain analysis alone cannot directly identify end users’ identities, requiring coordination with offline information such as court subpoenas, and called on the industry to conduct independent reviews and provide feedback on its methodologies.

4 hours ago

Iran's Embassy in Doha says preparations for U.S.-Iran talks have not yet begun.

According to Iranian media, the Iranian Embassy in Doha has refuted the US President's unsubstantiated allegations, announcing that preparations for talks between Tehran and Washington in Qatar have not yet begun.

4 hours ago

trade.xyz Launches Contract Trading for US Stock Applied Materials

Per official announcements, trade.xyz has launched contract trading for US-listed stock Applied Materials, offering up to 10x leverage.

4 hours ago

AI-related US stocks staged a V-shaped reversal, with most recouping their opening losses.

Per Bitget market data, AI-related US stocks staged a V-shaped reversal tonight, with most erasing their post-opening declines. Micron Technology is down 3% after hitting an intraday low of 8%. Marvell Technology (MRVL) turned positive, currently up 0.49% following an over 5% intraday drop. Corning (GLW) and CommScope Holding (CBRS) rallied more than 10%. Storage stocks Western Digital (WDC) gained 8% and Seagate Technology (STX) rose 4%.

4 hours ago

Hot feeds

Hot Articles

Follow us

STAMFORD, Conn., June 29, 2026 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier consumer financial services company, today announced executive leadership changes in its Digital platform and Technology and Operations organizations.

Karen Grimes to be Chair; separation on track for 4Q 2026

, /PRNewswire/ -- Corteva Inc. (NYSE: CTVA) announced today the board of directors for Vylor Inc., the future publicly traded, advanced seed and genetics company that will result from the current company's planned separation.

Karen Grimes will lead the board as Independent Chair. Grimes joined Corteva's board of directors in March 2021 and was previously senior managing director, partner, and equity portfolio manager at Wellington Management Company LLP, an investment management firm. She began her career as a field engineer in the Atlanta office at IBM after serving for three years in the U.S. Army. Grimes also serves as a director of Toll Brothers, Inc., a company that develops and builds luxury residential communities across the U.S., since March 2019.

"Vylor will be a company dedicated to leveraging its expertise in advanced seed and genetics to help farmers feed and fuel the world. I look forward to working with my fellow directors as well as the Vylor senior management team to accelerate the company's growth and impact – and continue to deliver results for shareholders," said Grimes.

The appointments to the board of seven directors will be effective at separation, which remains on track for the fourth quarter of 2026. A search is ongoing for at least one additional board member.

The Future Vylor Board of Directors

Karen Grimes, retired partner, senior managing director and equity portfolio manager, Wellington Management Company, non-executive chair of the board Victor Aguilar, chief research, development and innovation officer, The Procter & Gamble Company Rajesh "Raj" Kalathur, Rajesh "Raj" Kalathur, former president, John Deere Financial, former chief information officer and chief financial officer, Deere & Company Marcos Lutz, chairman, former chief executive officer, Ultrapar Participacões S.A. Chuck Magro, future chief executive officer, Vylor Johannes "Jannie" J. Oosthuizen, executive vice president and president, oncology and MSD International, Merck & Co., Inc. Kerry Preete, retired executive vice president and chief strategy officer, Monsanto Company Vylor's innovation engine will be anchored in the agriculture industry's most elite germplasm and transformative biotech. The company will leverage its next generation scientific expertise in disciplines like gene editing and molecular breeding to further strengthen its core business while exploring opportunities to expand to new row crops – and potentially beyond. Vylor will scale these innovations using its leading routes-to-market and by significantly expanding its licensing business.

About Corteva
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at www.corteva.com.

Cautionary Statement on Forward-Looking Statements
This press release contains certain forward-looking statements. Words such as "will," "plan," "may," "expect," "see," and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, Corteva's intent to separate and its related expectations for Corteva and Vylor. These forward-looking statements reflect management's current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Corteva's control.

Important factors that may affect Corteva's business and operations and that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, whether the objectives of the separation will be achieved; the terms, structure, benefits and costs of any action or transaction resulting from the separation; the timing of any such separation or related action and whether any such separation will be consummated at all; the risk that the announcement of the intended separation could have an adverse effect on the ability of Corteva to retain and hire key personnel and maintain relationships with customers, suppliers, employees, shareholders and other business relationships and on its operating results and business generally; the risk the separation could divert the attention and time of the company's management; the risk of any unexpected costs or expenses resulting from the separation process or separation itself; and the risk of any litigation relating to the separation, as well as the risks and uncertainties described in Corteva's risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission. Corteva disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.

SOURCE Corteva Agriscience

Increases Ownership in New, High-Quality, Fully-Leased Hyperscale Assets in Top U.S. Market June 29, 2026 16:04 ET  | Source: Digital Realty Trust, L.P.

AUSTIN, Texas and NEW YORK, June 29, 2026 (GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, and Blackstone Inc. (NYSE: BX) today announced that Digital Realty has agreed to purchase from Blackstone-affiliated funds managed by Real Estate, Infrastructure and Tactical Opportunities (“Blackstone”) a stake in three fully leased data centers containing 288 megawatts of total IT capacity in Northern Virginia at a gross value of $7.8 billion, reflecting an expected initial stabilized capitalization rate of over 6.5%. Total consideration paid to Blackstone for their blended 64% equity interest in the assets will be $3.5 billion, including $1.2 billion of cash and $2.3 billion in shares of Digital Realty, based on the last reported sale price of the company’s common stock on the New York Stock Exchange on June 29, 2026. The portfolio comprises two data centers in Manassas and one on the Digital Dulles campus in Sterling, each with 96 megawatts of IT capacity, that are 100% leased to three distinct investment grade hyperscale customers. The purchase is expected to be completed on June 30, 2026, and is subject to customary closing conditions.

“We have developed a strong partnership with Blackstone through the successful ongoing development of these assets, and we continue to work together across the remaining data center investments in our joint ventures in Northern Virginia, Paris and Frankfurt,” said Greg Wright, Chief Investment Officer of Digital Realty. “This transaction reflects the next phase of that relationship, allowing us to increase our ownership in a portfolio of fully leased, high quality hyperscale assets that extend our runway for growth and pipeline of product for the continued expansion of our strategic private capital platform.”

Mike Forman, Global Head of Digital Infrastructure for Blackstone Real Estate and Greg Blank, Global Head of Digital Infrastructure for Blackstone Infrastructure, said: “We are thrilled with this transaction and the early success of our joint venture with Digital Realty. The Digital Realty team has been exceptional to work with, and we look forward to our continued partnership. The demand for digital infrastructure is even stronger today than when we established this joint venture in 2023, and we have deep conviction in the opportunity ahead.”

Digital Realty agreed to purchase Blackstone’s 80% interest in two 96 megawatt data centers in Manassas, Virginia and a 50% interest in one 96 megawatt data center in Sterling, Virginia for $7.8 billion, at 100% share, including assumed debt and remaining capex to complete the ongoing development. Two of the data centers are expected to stabilize in the first half of 2027, with the third anticipated to stabilize in the first half of 2028. Through this transaction, Digital Realty will increase its exposure to new capacity in the world’s largest data center market, supported by 15-year leases with a blended average AA- customer credit rating and 3.6% annual rent escalators, that are expected to enhance the Company’s growth and visibility.

“This transaction is expected to be accretive to Core FFO per share in each of 2027 and 2028, as development is completed and rents commence,” said Matt Mercier, Chief Financial Officer of Digital Realty. “We also expect it to be accretive to contractual organic rent growth and portfolio quality, given long term leases with premier hyperscale customers in newly constructed assets, in the largest and most sought-after data center market. We believe that our execution to date and the recently announced strategic transactions, position Digital Realty to extend its growth trajectory.”

About Digital Realty
Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives customers access to the connected data communities that matter to them through a global footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more, visit digitalrealty.com or follow us on LinkedIn and X.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

For Additional Information

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 737 281 0101
[email protected]

Media Contact
Helen Bleasdale
Digital Realty
+1 737 267 6822
[email protected]

Jeffrey Kauth
Blackstone
+1 212 583 5395
[email protected]

Paula Chirhart
Blackstone
+1 646 583 6684
[email protected]

Safe Harbor Statement

This press release contains forward-looking statements based on current expectations, forecasts, and assumptions that involve risks and uncertainties which may cause actual results to differ materially from those described. These include statements related to the Blackstone acquisition, completion of development and stabilization, expected benefits, and the company’s strategy. For a description of these risks and uncertainties, please refer to the company’s filings with the U.S. Securities and Exchange Commission. The company undertakes no obligation to update any forward-looking statements.

File Photo: A car drives past a building of the Digital Realty Data Center in Ashburn, Virginia, U.S., March 17, 2025. REUTERS/Leah Millis/File Photo Purchase Licensing Rights, opens new tab

CompaniesJune 29 (Reuters) - Digital Realty (DLR.N), opens new tab said on Monday ​it would acquire a majority ‌stake in three fully leased Northern Virginia data centers from ​Blackstone-managed funds (BX.N), opens new tab in a deal ​valuing the assets at $7.8 billion.

The ⁠acquisition strengthens Digital Realty's ​position in Northern Virginia, the ​world's largest data center market, where demand for capacity has surged as ​cloud computing and AI ​drive higher infrastructure needs.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

Under the deal, ‌which ⁠is expected to close on June 30, Digital Realty will pay Blackstone-affiliated funds $3.5 billion ​for their ​blended ⁠64% equity interest.

The consideration includes $1.2 billion in ​cash and $2.3 billion in ​Digital ⁠Realty shares, based on the company's last reported share ⁠price ​on June 29.

Reporting ​by Jaspreet Singh in Bengaluru; Editing by ​Vijay Kishore and Maju Samuel

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

The space race is getting interesting. Just two weeks after Space Exploration Technologies (SPCX +7.15%) completed its record-setting IPO, Rocket Lab (RKLB +16.23%) made a major move Monday to evolve into an integrated space company that also includes rocket launches and satellite communications.

Rocket Lab on Monday announced plans to purchase Iridium Communications (IRDM +25.44%) in a cash-and-stock deal valued at $8 billion. The proposed deal, once approved, will link Rocket Lab’s launch and satellite manufacturing business with Iridium’s global satellite network.

Iridium’s L-band spectrum and low-Earth-orbit satellite network currently have more than 2.55 million global subscribers among government, defense, aviation, maritime, and commercial customers.

While Rocket Lab has made purchases in the past, Monday’s deal is its first involving a publicly traded company. Rocket Lab will pay Iridium shareholders $27 in cash per share, plus Rocket Lab stock, bringing the combined value of the deal to $54 per Iridium share. The price is a 24.1% premium to Iridium’s closing stock price on June 26.

Today's Change

(

16.23

%) $

13.72

Current Price

$

98.26

"This is a defining moment for the space industry and the start of a new era of strategic, accelerated growth for Rocket Lab and Iridium," said Sir Peter Beck, Rocket Lab’s CEO. "Iridium has built the gold standard in secure, safety-critical global satellite connectivity. It is relied upon by maritime fleets, the aviation industry, governments, and heavy industrial organizations who operate in the most remote off-the-grid locations.

“By marrying Iridium's deep heritage, trusted infrastructure, and highly sought-after spectrum with Rocket Lab's extensive and proven launch and manufacturing capabilities, we have the capability to unlock entirely new markets,” he said. “We will go far beyond maintaining a legacy; we are going to build upon it to pioneer next-generation space applications and deliver sought-after capabilities to existing and new customers."

Image source: The Motley Fool.

Why the deal makes sense for Rocket LabSpaceX may be absorbing a lot of attention with its record-setting IPO and $2 trillion valuation, but Rocket Lab has been no slouch. The stock jumped 360% in 2024 and another 174% in 2025 as it expanded its end-to-end launch services, which include rockets, spacecraft, satellite components, and equipment. Shares are up another 38% this year. In fact, a $10,000 investment in Rocket Lab just three years ago would have gotten you nearly $165,000 today.

The company’s vehicles include its Electron two-stage orbital launch vehicle, which is used to place small satellites in precise orbits; Haste, a suborbital vehicle for testing and deploying technologies at speeds of more than 7.5 kilometers per second (16,800 miles per hour); and Neutron, which is currently under development and would be used for deep space missions and human spaceflight. Electron and Haste have deployed more than 200 payloads for government and commercial customers and completed more than 90 launches.

NASA selected the company to provide Electron launches for two missions early next year. One mission will study ice clouds at high altitudes in the tropics and subtropics, while the other will measure the sun’s brightness at the top of Earth’s atmosphere and evaluate its distribution throughout the atmosphere.

Now, Rocket Lab will be building on that business with the Iridium acquisition. Management says the deal will give Rocket Lab a foothold in space-based applications, including Internet of Things, data and messaging services, and provide connections to global devices through a satellite network, “creating a formidable challenger in the global telecom market.”

Today's Change

(

25.44

%) $

11.07

Current Price

$

54.59

“As the worlds of space and terrestrial communications continue to converge, more critical services will depend on space-based capabilities,” Iridium CEO Matt Desch said. “Success will come from those who can bring new innovations to space quickly and sustain them over time as efficiently as possible.”

If that sounds familiar, then you’re probably thinking of SpaceX. A significant part of SpaceX’s prospectus when it went public was its successful Starlink satellite network, which currently includes more than 9,600 satellites in low-Earth orbit to provide mobile connectivity and internet services to rural and underserved communities. SpaceX plans to use its reusable launch vehicles to launch even more missions to expand its satellite constellation and is reportedly weighing a Starlink Mobile internet service that would compete with legacy wireless operators.

What the deal means for investorsWhile there are differences in the approaches offered by SpaceX and Rocket Lab, both are intent on creating vertically integrated space businesses that incorporate both communications and launching capabilities. Now that Rocket Lab is expanding, investors will have no shortage of options in the space economy.

All three stocks were up big on Monday. Rocket Lab traded 16% higher, and Iridium jumped by 24%. SpaceX stock rallied 8% higher in late Monday afternoon trading.

Incyte shares hit a 52-week high as Opzelura gains regulatory momentum, pipeline advances and a CMS settlement boosts investor sentiment.

GREENWICH, Conn., June 29, 2026 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its second quarter conference call and webcast on Thursday, July 30, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made available on www.xpo.com.

Access information:
Call toll-free from US/Canada: 1-877-269-7756
International callers: +1-201-689-7817
Live webcast online at: www.xpo.com/investors

A replay of the conference call will be available until August 29, 2026, by calling toll-free (from US/Canada) 1-877-660-6853; international callers dial +1-201-612-7415. Use the passcode 13761453. Additionally, the call will be archived on www.xpo.com/investors.

About XPO
XPO, Inc. (NYSE: XPO) is a leader in asset-based less-than-truckload (LTL) freight transportation in North America. The company’s customer-focused organization efficiently moves 16 billion pounds of freight per year, enabled by its proprietary technology. XPO serves 55,000 customers with 594 locations and 37,000 employees in North America and Europe, and is headquartered in Greenwich, Conn., USA. Visit xpo.com for more information, and connect with XPO on LinkedIn, Facebook, X, Instagram and YouTube.

Investor Contact
Brian Scasserra
+1-617-607-6429
[email protected]

Media Contact
Cole Horton
+1-203-609-6004
[email protected]

Pi Network Launches 3 Products on Pi2Day: New Utility for PI Coin? 

3 Altcoins to Watch in the First Week of July

June 29, 2026 16:01 ET  | Source: Bank OZK

LITTLE ROCK, Ark., June 29, 2026 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that its Board of Directors has approved a stock repurchase program (the “Stock Repurchase Program”) authorizing the purchase of up to $200 million of outstanding common stock. The Stock Repurchase Program has received all necessary regulatory approvals and will become effective July 1, 2026, upon the expiration of the Bank’s current stock repurchase program, and will remain in effect through July 1, 2027, unless extended or shortened by the Board of Directors.

Under the Stock Repurchase Program, the Bank may repurchase shares of its common stock from time to time at prevailing market prices, through open market or privately negotiated transactions, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”). In establishing parameters for repurchase price and share volume, management will consider a variety of factors including stock price, expected growth, capital position, alternative uses of capital, liquidity, financial performance, the current and expected macroeconomic environment, regulatory requirements and other factors. The Stock Repurchase Program does not obligate the Bank to repurchase any particular amount of common stock, and the program may be suspended, modified or discontinued at any time.

Under the previously approved stock repurchase program that expires on July 1, 2026, the Bank has repurchased 3.89 million shares of common stock for $176.6 million (including applicable federal excise tax) for an average price per share of $45.34.

GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in more than 265 offices in nine states including Arkansas, Georgia, Florida, Texas, North Carolina, Tennessee, New York, California and Mississippi and had $41.7 billion in total assets as of March 31, 2026. For more information, visit ozk.com.

Investor Relations Contact:Jay Staley (501) 906-7842Media Contact:Michelle Rossow (501) 906-3922

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In PicS To Contact Him Directly To Discuss Their Options

If you purchased or acquired PicS Class A Common stock in and/or traceable to PicS' January 30, 2026 initial public offering ("IPO") and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - June 29, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) and reminds investors of the August 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) PicS N.V. had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (2) as a result of the new procedures PicS N.V. had implemented in December 2025, PicS N.V. had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (3) PicS N.V. had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the offering documents; (4) the IPO's offering documents had materially overstated the quality and ability of PicS N.V.'s credit models and user data to inform PicS N.V.'s underwriting practices and to allow PicS N.V. to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (5) PicS N.V. suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS N.V. to continue to worsen following the IPO, materially impairing PicS N.V.'s business, operations, and financial results.

On or around January 29, 2026, PicPay conducted its initial public offering ("IPO"), selling 22.86 million Class A common shares priced at $19.00 per share.

Then, on March 18, 2026, PicPay released its fourth quarter 2025 financial results and revealed that, as part of the Company's "annual review of expected credit loss parameters," it had made several "enhancements" to its Expected Credit Loss ("ECL") calculations, and "implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3." Consequently, "R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 [$17.56 million USD]." Stage 3 is the Company's highest risk category for its credit portfolio.

On this news, PicPay's stock price fell $3.56 per share, or 22.5%, to close at $12.27 per share on March 19, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding PicS' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the PicS N.V. class action, go to www.faruqilaw.com/PICS or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the PicS N.V. Securities Class Action Lawsuit:

What is the PicS N.V. securities fraud lawsuit about?

The PicS N.V. securities fraud lawsuit is a federal securities class action alleging that PicS N.V. (NASDAQ: PICS) and its executives made false and misleading statements to investors in connection with the Company's January 30, 2026 IPO by concealing that the Company had already identified deficiencies in its credit evaluation procedures in December 2025, had reclassified approximately R$590 million of exposures from Stage 2 to Stage 3 (its highest credit risk category) resulting in an incremental expected credit loss charge of R$88 million, and was experiencing a Stage 3 formation rate exceeding 7% in Q4 2025 — a significant deviation from the historical trends presented in the IPO's offering documents. As the truth emerged on March 18, 2026, when PicS disclosed these credit portfolio deteriorations as part of its Q4 2025 financial results, PICS shares fell $3.56 per share, or 22.5%, to close at $12.27 — well below the $19.00 IPO price — causing significant losses for investors.

Who may be eligible to participate in the PicS N.V. class action lawsuit?

Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the Company's January 30, 2026 initial public offering and suffered financial losses may be eligible to participate in the PicS securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former PicS employees, and others with relevant information about the Company's conduct are also encouraged to come forward.

What is a lead plaintiff, and how can I seek appointment in the PicS N.V. lawsuit?

A lead plaintiff in the PicS N.V. class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any PicS investor who purchased PICS Class A common stock in or traceable to the IPO may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is August 4, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.

What should investors do if they purchased PicS N.V. stock in the IPO?

Investors who purchased PicS N.V. (PICS) Class A common stock in and/or traceable to the January 30, 2026 IPO and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the PicS N.V. securities class action is August 4, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/PICS for more information.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303284

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Inspire Medical Systems, Inc. (NYSE: INSP). In August of 2025, contrary to the Company's repeated assurances that it had met all regulatory, technical, and commercial prerequisites for the launch of its Inspire V device, the Company disclosed that the launch faced an "elonga.

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Commvault To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Commvault between April 29, 2025 and January 26, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - June 29, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Commvault Systems, Inc. ("Commvault" or the "Company") (NASDAQ: CVLT) and reminds investors of the July 17, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

Defendants provided investors with material information pertaining to Commvault's projected ARR growth for fiscal year 2026. Defendants' statements included, among other things, misleading guidance and projections related to the Company's new net ARR growth. Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Commvault's ARR growth environment; pertinently, Commvault knew or recklessly disregarded that the Company's ARR growth guidance failed to properly factor in crucial variables, such as the type of sale. Such statements absent these material facts caused Plaintiff and other shareholders to purchase Commvault's securities at artificially inflated prices.

On January 27, 2026, Commvault reported financial results for the third quarter of fiscal 2026 ended December 31, 2025, including "40% growth in SaaS ARR to $364 million," as noted by the Company's Chief Accounting Officer ("CAO") during the earnings call to discuss these results. Additionally, the CAO said "60% of our deals actually closed in the last few weeks of the quarter." According to Bloomberg Intelligence, "SaaS ARR growth of 40% represents a meaningful deceleration from 56%" reported for the second quarter fiscal 2026.

Following this news, Commvault stock declined over 31% on January 27, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Commvault's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Commvault class action, go to www.faruqilaw.com/CVLT or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Commvault Systems Securities Class Action Lawsuit:

What is the Commvault Systems securities fraud lawsuit about?

The Commvault Systems securities fraud lawsuit is a federal securities class action alleging that Commvault Systems, Inc. (NASDAQ: CVLT) and its executives made false and misleading statements to investors by providing materially misleading guidance and projections related to the Company's annual recurring revenue (ARR) growth while concealing that its ARR growth guidance failed to properly account for crucial variables - such as the type of sale - that significantly affected the Company's true growth trajectory. As the truth emerged on January 27, 2026, when Commvault reported Q3 fiscal 2026 results showing SaaS ARR growth of only 40% - a meaningful deceleration from 56% in the prior quarter - CVLT's stock price fell over 31% in a single day, causing significant losses for investors.

Who may be eligible to participate in the Commvault Systems class action lawsuit?

Investors who purchased or acquired Commvault Systems (CVLT) stock between April 29, 2025 and January 26, 2026 - the Class Period - and suffered financial losses may be eligible to participate in the Commvault securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former Commvault employees, and others with relevant information about the Company's conduct are also encouraged to come forward.

What is a lead plaintiff, and how can I seek appointment in the Commvault Systems lawsuit?

A lead plaintiff in the Commvault Systems class action is a court-appointed investor - typically the one with the largest financial interest in the case - who directs and oversees the litigation on behalf of all class members. Any Commvault investor who purchased CVLT stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is July 17, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.

What should investors do if they purchased Commvault Systems stock during the Class Period?

Investors who purchased Commvault Systems (CVLT) stock between April 29, 2025 and January 26, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the Commvault Systems securities class action is July 17, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/CVLT for more information.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303274

Source: Faruqi & Faruqi LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.

*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.

IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.

©2026 Investor’s Business Daily, LLC. All Rights Reserved.

Shares of Super Micro Computer Inc. SMCI fell sharply on Monday after Taiwanese authorities reportedly raided the company's offices.

The raids were part of an expanding investigation into the alleged smuggling of Nvidia artificial intelligence chips into China through Super Micro servers.

The stock dropped more than 9% during afternoon trading before recovering some of its losses. At the time of writing, shares were down about 6%.

The latest development broadens an ongoing investigation by Taiwanese authorities into allegedly illegal exports of Super Micro servers containing Nvidia AI chips.

According to Taiwan's Keelung District Prosecutors Office, investigators searched the residences of six individuals and the premises of three affiliated companies on Monday as part of the investigation.

While prosecutors did not identify those searched, Bloomberg reported, citing a person familiar with the matter that Super Micro's Taiwan office was among the locations raided.

Super Micro later confirmed that it is cooperating with authorities.

"Super Micro is committed to protecting our advanced technologies and intellectual property," the firm said. "Super Micro products continued to be targeted in these matters, and we continue to cooperate with law enforcement and government officials in Taiwan and other jurisdictions in which we operate to ensure our technology is distributed as lawfully intended."

The investigation represents an expansion of Taiwan's first public crackdown on the diversion of AI chips following years of pressure from the United States to strengthen efforts aimed at restricting China's access to advanced semiconductor technology.

The US has long imposed export restrictions on advanced AI chips over concerns they could support China's military capabilities.

Authorities also searched Taiwanese data center operator Chief Telecom Inc. and Super Micro distributor Albatron Technology Co., according to a person familiar with the investigation, said the Bloomberg report.

Albatron confirmed in a stock exchange filing that local investigators searched the company earlier on Monday but did not disclose the reason for the action.

The company also stated there was no financial impact from the investigation.

Taiwan's Keelung District Prosecutors Office said the individuals whose residences were searched have been summoned for questioning.

The latest enforcement action builds on arrests made in May, when authorities detained three individuals accused of falsifying export documents involving Super Micro servers equipped with Nvidia AI chips.

According to previous reports, the suspects were believed to have successfully shipped at least one batch of Nvidia AI chips to China through Japan and attempted to export around 50 servers that Taiwanese authorities seized before they left the island.

Taiwan currently does not classify exports of AI chips to China as a criminal offense.

While authorities warn exporters they may violate US regulations, prosecutors must rely on other local laws when pursuing alleged violations.

Taipei is now considering strengthening export controls on AI chip sales to China to better align with US restrictions.

Such changes would provide prosecutors with broader legal authority to pursue cases involving the illicit trade of AI hardware.

The proposed measures come as Taiwan remains central to the global semiconductor supply chain, with both Nvidia and Advanced Micro Devices relying on Taiwan Semiconductor Manufacturing Co. to produce their most advanced AI chips.

The expanding investigation and the prospect of tighter export regulations have added fresh uncertainty for Super Micro investors, contributing to Monday's sharp decline in the company's share price.

Revenue and profit within guidance as reportedA record-high second quarter $258M in cash flow from operations, $242M in adjusted free cash flow iX Suite deals up 400% year over year

NEWARK, Calif., June 29, 2026 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced financial results for the fiscal second quarter ended May 31, 2026.

  Three Months Ended    May 31, 2026 May 31, 2025 ChangeRevenue($M) $2,462.5  $2,417.4  1.9%Operating income($M) $95.4  $148.3  (35.7)%Non-GAAP operating income($M) (1) $292.0  $303.7  (3.9)%Operating margin  3.9%  6.1% -220 bpsNon-GAAP operating margin (1)  11.9%  12.6% -70 bpsNet income($M) $55.3  $42.1  31.4%Non-GAAP net income($M) (1) $168.6  $179.6  (6.1)%Adjusted EBITDA($M) (1) $347.4  $357.3  (2.8)%Adjusted EBITDA margin (1)  14.1%  14.8% -70 bpsDiluted earnings per common share $0.86  $0.63  36.5%Non-GAAP diluted earnings per common share (1) $2.63  $2.70  (2.6)%(1) See non-GAAP reconciliations included in the accompanying financial tables for the reconciliation of each non-GAAP measure to its most directly comparable GAAP measure.
Second Quarter Fiscal 2026 Highlights:

Revenue of $2,462.5 million, an increase of 1.9% year-on-year on an as reported basis compared to revenue of $2,417.4 million in the prior year second quarter. The Company grew revenue 0.6% year-on-year on a constant currency basis.Operating income of $95.4 million, or 3.9% of revenue, compared to $148.3 million, or 6.1% of revenue, in the prior year second quarter.Non-GAAP operating income of $292.0 million, or 11.9% of revenue, compared with $303.7 million, or 12.6% of revenue in the prior year second quarter.Adjusted EBITDA of $347.4 million, or 14.1% of revenue, compared with $357.3 million, or 14.8% of revenue in the prior year second quarter.Cash flow provided by operations was $257.9 million in the quarter. Adjusted free cash flow(1) was $242.3 million in the quarter.Diluted earnings per common share (“EPS”) was $0.86 compared to $0.63 in the prior year second quarter.Non-GAAP diluted EPS was $2.63 compared to $2.70 in the prior year second quarter. “Our second quarter marked an acceleration in many areas in the evolution of our business,” said Chris Caldwell, President and CEO of Concentrix. “Our blended AI and services approach is delivering value to clients by lowering their costs and increasing their revenue, helping us differentiate ourselves in the marketplace."

Quarterly Dividend and Share Repurchase Program:

The Company paid a $0.36 per share quarterly dividend on May 5, 2026. The Company’s Board of Directors has declared a quarterly dividend of $0.36 per share payable on August 4, 2026, to shareholders of record at the close of business on July 24, 2026.The Company did not repurchase any shares under its share repurchase program during the second quarter of fiscal year 2026. At May 31, 2026, the Company’s remaining share repurchase authorization was $396.6 million. Business Outlook:
The following statements are based on the Company’s current expectations for the third quarter and the full year fiscal 2026. Non-GAAP financial measures exclude the impact of acquisition-related, integration and restructuring expenses, amortization of intangible assets, depreciation, loss on held for sale, share-based compensation and the related tax effects thereon. The non-GAAP EPS guidance assumes no impact from changes in acquisition contingent consideration and foreign currency losses (gains), net included in other expense (income), net. These statements are forward-looking and actual results may differ materially.

Third Quarter Fiscal 2026 Expectations:

Third quarter reported revenue of $2.465 billion to $2.490 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point negative impact of foreign exchange rates compared with the prior year period. The guidance implies constant currency revenue growth for the quarter ranging from 0.0% to 1.0%.Operating income of $121 million to $131 million and non-GAAP operating income of $295 million to $305 million.Non-GAAP diluted EPS of $2.65 to $2.77, assuming approximately 60.9 million diluted common shares outstanding and approximately 4.8% of net income attributable to participating securities.The effective tax rate is expected to be approximately 25%. Full Year 2026 Expectations:

Full year reported revenue of $9.925 billion to $10.025 billion. Based on current exchange rates, these expectations assume an approximate 75-basis point positive impact of foreign exchange rates compared with the prior year. The guidance implies constant currency revenue growth for the full year of 0.25% to 1.25%.Operating income of $509 million to $539 million and non-GAAP operating income of $1,200 million to $1,230 million.Non-GAAP diluted EPS of $10.83 to $11.18, assuming approximately 61.1 million diluted common shares outstanding and approximately 4.8% of net income attributable to participating securities.The effective tax rate is expected to be approximately 24.5%. In addition, the Company expects to generate approximately $630.0 million to $650.0 million of adjusted free cash flow in fiscal year 2026.

The Company believes that a quantitative reconciliation of the non-GAAP EPS outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to (a) the inability to forecast future changes in acquisition contingent consideration, which is based, in part, on the future trading price of the Company’s common stock, and (b) the inability to forecast future foreign currency losses (gains), net included in other expense (income), net. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

The Company believes that a quantitative reconciliation of the adjusted free cash flow outlook to the most directly comparable GAAP measure cannot be provided without unreasonable efforts due to uncertainty related to the future changes in the Company’s factoring program and related timing of those changes. For the same reason, the Company is unable to address the probable significance of the unavailable information, which may have a material impact on the Company’s GAAP results.

Conference Call and Webcast
The Company will host a conference call for investors to review its second quarter fiscal 2026 results today at 5:00 p.m. (ET)/2:00 p.m. (PT).

The live conference call webcast will be available in listen-only mode in the Investor Relations section of the Company’s website under “Events and Presentations” at https://ir.concentrix.com/events-and-presentations. A replay will also be available on the website following the conference call.

About Concentrix: Powering a World That Works
Concentrix Corporation (NASDAQ: CNXC), is the Fortune 500® technology and services company, helping the world's best brands create intelligent operations that perform in the real world. We design, build, and run integrated human and AI solutions, harnessing the insight from billions of real-world interactions to help 2,000+ of the world’s most complex organizations solve their toughest business challenges. Backed by 20+ years of operational experience and battle tested AI, we’re the intelligent transformation partner that helps clients across every major industry move from ambition to measurable, scalable performance. Virtually everywhere. To learn more, visit concentrix.com.

Use of Non-GAAP Information
In addition to disclosing financial results that are determined in accordance with GAAP, we also disclose certain non-GAAP financial information, including:

Constant currency revenue growth, which is revenue growth adjusted for the translation effect of foreign currencies so that certain financial results can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our business performance. Constant currency revenue growth is calculated by translating the revenue of each fiscal year in the billing currency to U.S. dollars using the comparable prior year’s currency conversion rate in comparison to prior year’s revenue. Generally, when the U.S. dollar either strengthens or weakens against other currencies, revenue growth at constant currency rates or adjusting for currency will be higher or lower than revenue growth reported at actual exchange rates.Non-GAAP operating income, which is operating income, adjusted to exclude acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale and share-based compensation.Non-GAAP operating margin, which is non-GAAP operating income, as defined above, divided by revenue.Adjusted earnings before interest, taxes, depreciation, and amortization, or adjusted EBITDA, which is non-GAAP operating income, as defined above, plus depreciation (exclusive of step-up depreciation).Adjusted EBITDA margin, which is adjusted EBITDA, as defined above, divided by revenue.Non-GAAP net income, which is net income excluding the tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the Sellers’ Note, certain legal settlement costs, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP net income also excludes the income tax effect of certain tax law changes.Free cash flow, which is cash flows from operating activities less capital expenditures, and adjusted free cash flow, which is free cash flow excluding the effect of changes in the outstanding factoring balance. We believe that free cash flow is a meaningful measure of cash flows since capital expenditures are a necessary component of ongoing operations. We believe that adjusted free cash flow is a meaningful measure of cash flows because it removes the effect of factoring which changes the timing of the receipt of cash for certain receivables. However, free cash flow and adjusted free cash flow have limitations because they do not represent the residual cash flow available for discretionary expenditures. For example, free cash flow and adjusted free cash flow do not incorporate payments for business acquisitions.Non-GAAP diluted EPS, which is diluted EPS excluding the per share, tax-effected impact of acquisition-related, integration and restructuring expenses, step-up depreciation, amortization of intangible assets, loss on held for sale, share-based compensation, certain debt costs, imputed interest related to the Sellers’ Note, certain legal settlement costs, change in acquisition contingent consideration and foreign currency losses (gains), net. Non-GAAP EPS also excludes the per share income tax effect of certain tax law changes. Non-GAAP EPS also reflects a per share adjustment to exclude non-GAAP net income attributable to participating securities. We believe that providing this additional information is useful to the reader to better assess and understand our base operating performance, especially when comparing results with previous periods and for planning and forecasting in future periods, primarily because management typically monitors the business adjusted for these items in addition to GAAP results. Management also uses these non-GAAP measures to establish operational goals and, in some cases, for measuring performance for compensation purposes. These non-GAAP financial measures exclude amortization of intangible assets. Although intangible assets contribute to our revenue generation, the amortization of intangible assets does not directly relate to the services performed for our clients. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of our acquisition activity. Accordingly, we believe excluding the amortization of intangible assets, along with the other non-GAAP adjustments, which neither relate to the ordinary course of our business nor reflect our underlying business performance, enhances our and our investors’ ability to compare our past financial performance with our current performance and to analyze underlying business performance and trends. These non-GAAP financial measures also exclude share-based compensation expense. Given the subjective assumptions and the variety of award types that companies can use when calculating share-based compensation expense, management believes this additional information allows investors to make additional comparisons between our operating results and those of our peers. As these non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures and should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the Company’s expected future financial condition, growth and profitability, results of operations, including revenue and operating income, cash flows, and effective tax rate, leverage and liquidity, capital expenditures and anticipated investment costs, the Company’s stock price and market capitalization, the future growth and success of, and demand for, the Company’s services and products, the potential benefits associated with use of the Company’s artificial intelligence (“AI”) solutions and other products, share repurchase and dividend activity, capital allocation, debt repayment and obligations, business strategy, product launches, foreign currency exchange rate fluctuations, and statements that include words such as believe, expect, intend, plan, may, will, anticipate, provide, could, should, target, estimate, outlook, and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things: risks related to general economic and geopolitical conditions and their effects on our clients’ businesses and demand for our services, including consumer demand, interest rates, inflation, the price of oil and other petroleum-based products, international tariffs and global trade policies, supply chains, and the conflicts in the Middle East and Ukraine; cyberattacks on the Company’s or its clients’ networks and information technology systems; uncertainty around, and disruption from, new and emerging technologies, including the adoption and utilization of AI, including agentic and generative AI; the failure of the Company’s staff and contractors to adhere to the Company’s and its clients’ controls and processes; the inability to protect personal and proprietary information; the effects of communicable diseases or other public health crises, natural disasters and adverse weather conditions; geopolitical, economic and climate- or weather-related risks in regions with a significant concentration of the Company’s operations; the ability to successfully execute the Company’s strategy; the timing and success of product launches; competitive conditions in the Company’s industry and consolidation of its competitors; variability in demand by the Company’s clients or the early termination of the Company’s client contracts; the level of business activity of the Company’s clients and the market acceptance and performance of their products and services; the demand for end-to-end solutions and technology; damage to the Company’s reputation through the actions or inactions of third parties; changes in law, regulations, or regulatory guidance, or changes in their interpretation or enforcement, including changes in law and policy that restrict offshoring or travel or visas between countries in which we have operations; the operability of the Company’s communication services and information technology systems and networks; the loss of key personnel or the inability to attract and retain staff across all geographies with the skills and expertise needed for the Company’s business; increases in the cost of labor, including minimum wage rates in the countries in which the Company operates; the inability to successfully identify, complete, and integrate strategic acquisitions or investments or realize anticipated benefits within the expected timeframe; higher than expected tax liabilities; currency exchange rate fluctuations; investigative or legal actions; and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2025 filed with the Securities and Exchange Commission (“SEC”) and subsequent documents filed with or furnished to the SEC. The Company does not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made, except as required by law.

Copyright 2026 Concentrix Corporation. All rights reserved. Concentrix, the Concentrix logo, and all other Concentrix company, product, and services word and design marks and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Other names and marks are the property of their respective owners.

From Fortune ©2026 Fortune Media (USA) Corporation. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media (USA) Corporation and are used under license. Fortune and Fortune Media (USA) Corporation are not affiliated with, and do not endorse products or services of, Concentrix.

Investor Contact:
Elise Brassell
Concentrix Corporation
[email protected]

CONCENTRIX CORPORATION
CONSOLIDATED BALANCE SHEETS
(currency and share amounts in thousands, except par value)  May 31, 2026 November 30, 2025  (unaudited)  ASSETS    Current assets:    Cash and cash equivalents $255,566  $327,347 Accounts receivable, net  1,987,978   1,999,021 Assets held for sale  202,738   — Other current assets  593,611   758,135 Total current assets  3,039,893   3,084,503 Property and equipment, net  709,829   735,550 Goodwill  3,653,490   3,671,746 Intangible assets, net  1,749,909   1,960,338 Deferred tax assets  343,201   317,453 Other assets  1,016,525   991,496 Total assets $10,512,847  $10,761,086      LIABILITIES AND STOCKHOLDERS’ EQUITY    Current liabilities:    Accounts payable $198,108  $244,771 Current portion of long-term debt  650,000   65,625 Accrued compensation and benefits  658,057   764,962 Other accrued liabilities  815,876   997,198 Income taxes payable  85,078   123,794 Liabilities held for sale  172,259   — Total current liabilities  2,579,378   2,196,350 Long-term debt, net  3,934,874   4,572,889 Other long-term liabilities  1,011,706   950,983 Deferred tax liabilities  285,603   296,519 Total liabilities  7,811,561   8,016,741 Stockholders’ equity:    Preferred stock, $0.0001 par value, 10,000 shares authorized and no shares issued and outstanding as of May 31, 2026 and November 30, 2025, respectively  —   — Common stock, $0.0001 par value, 250,000 shares authorized; 70,591 and 70,316 shares issued as of May 31, 2026 and November 30, 2025, respectively, and 60,863 and 61,739 shares outstanding as of May 31, 2026 and November 30, 2025, respectively  7   7 Additional paid-in capital  3,838,082   3,783,972 Treasury stock, 9,728 and 8,577 shares as of May 31, 2026 and November 30, 2025, respectively  (657,340)  (610,162)Retained deficit  (146,518)  (177,010)Accumulated other comprehensive loss  (332,945)  (252,462)Total stockholders’ equity  2,701,286   2,744,345 Total liabilities and stockholders’ equity $10,512,847  $10,761,086  CONCENTRIX CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(currency and share amounts in thousands, except per share amounts)
(unaudited)  Three Months Ended
   Six Months Ended
    May 31, 2026 May 31, 2025
 % Change May 31, 2026 May 31, 2025
 % ChangeRevenue              Technology and consumer electronics $624,244  $662,719  (6)% $1,259,333  $1,320,411  (5)%Retail, travel and e-commerce  640,795   583,782  10%  1,290,158   1,167,680  10%Communications and media  392,255   392,963  —%  786,271   763,963  3%Banking, financial services and insurance  432,388   384,015  13%  853,993   749,208  14%Healthcare  151,869   176,386  (14)%  330,699   366,191  (10)%Other  220,922   217,506  2%  442,410   422,140  5%Total revenue $2,462,473  $2,417,371  2% $4,962,864  $4,789,593  4%Cost of revenue  1,639,124   1,569,223  4%  3,289,858   3,085,546  7%Gross profit  823,349   848,148  (3)%  1,673,006   1,704,047  (2)%Selling, general and administrative expenses  727,928   699,803  4%  1,459,026   1,386,835  5%Operating income  95,421   148,345  (36)%  213,980   317,212  (33)%Interest expense and finance charges, net  68,074   75,406  (10)%  143,391   148,400  (3)%Other expense (income), net  (42,128)  21,218  (299)%  (27,617)  16,299  (269)%Income before income taxes  69,475   51,721  34%  98,206   152,513  (36)%Provision for income taxes  14,199   9,628  47%  21,341   40,163  (47)%Net income $55,276  $42,093  31% $76,865  $112,350  (32)%               Earnings per common share:              Basic $0.86  $0.63    $1.20  $1.68   Diluted $0.86  $0.63    $1.20  $1.68   Weighted-average common shares outstanding:              Basic  60,850   63,355     61,062   63,693   Diluted  60,862   63,406     61,078   63,733    CONCENTRIX CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(currency and share amounts in thousands, except per share amounts)
(unaudited)  Three Months Ended Six Months Ended  May 31, 2026 May 31, 2026Revenue $2,462,473  $4,962,864 Revenue growth, as reported under U.S. GAAP  1.9%  3.6%Foreign exchange impact  (1.3)%  (2.3)%Constant currency revenue growth  0.6%  1.3%   Three Months Ended
 Six Months Ended
  May 31, 2026
 May 31, 2025
 May 31, 2026
 May 31, 2025
Operating income $95,421  $148,345  $213,980  $317,212 Acquisition-related, integration and restructuring expenses (1)  65,505   16,808   100,374   34,832 Step-up depreciation  2,701   2,536   5,456   4,912 Amortization of intangibles  102,057   109,158   205,513   214,777 Loss on held for sale  963   —   6,892   — Share-based compensation  25,367   26,862   54,822   53,462 Non-GAAP operating income $292,014  $303,709  $587,037  $625,195    Three Months Ended
 Six Months Ended
  May 31, 2026 May 31, 2025
 May 31, 2026 May 31, 2025
Net income $55,276  $42,093  $76,865  $112,350 Interest expense and finance charges, net  68,074   75,406   143,391   148,400 Provision for income taxes  14,199   9,628   21,341   40,163 Other expense (income), net  (42,128)  21,218   (27,617)  16,299 Acquisition-related, integration and restructuring expenses (1)  65,505   16,808   100,374   34,832 Step-up depreciation  2,701   2,536   5,456   4,912 Amortization of intangibles  102,057   109,158   205,513   214,777 Loss on held for sale  963   —   6,892   — Share-based compensation  25,367   26,862   54,822   53,462 Depreciation (exclusive of step-up depreciation)  55,361   53,615   108,519   106,336 Adjusted EBITDA $347,375  $357,324  $695,556  $731,531    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Operating margin 3.9% 6.1% 4.3% 6.6%Non-GAAP operating margin 11.9% 12.6% 11.8% 13.1%Adjusted EBITDA margin 14.1% 14.8% 14.0% 15.3%   Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net income $55,276  $42,093  $76,865  $112,350 Acquisition-related, integration and restructuring expenses (1)  65,505   16,808   100,374   34,832 Step-up depreciation  2,701   2,536   5,456   4,912 Debt costs (2)  —   1,102   6,268   1,102 Imputed interest related to Sellers’ Note included in interest expense and finance charges, net  —   4,503   —   8,689 Legal settlement costs (3)  —   2,000   —   2,000 Change in acquisition contingent consideration included in other expense (income), net  (529)  8,691   (945)  6,667 Foreign currency losses (gains), net (4)  (44,965)  10,789   (32,659)  6,610 Amortization of intangibles  102,057   109,158   205,513   214,777 Loss on held for sale  963   —   6,892   — Share-based compensation  25,367   26,862   54,822   53,462 Income taxes related to the above (5)  (37,805)  (44,931)  (85,862)  (81,923)Income tax effect of change in tax law  —   —   —   4,269 Non-GAAP net income $168,570  $179,611  $336,724  $367,747    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net income $55,276  $42,093  $76,865  $112,350 Less: net income allocated to participating securities (6)  (2,745)  (2,035)  (3,869)  (5,448)Net income attributable to common stockholders $52,531  $40,058  $72,996  $106,902    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Non-GAAP net income $168,570  $179,611  $336,724  $367,747 Less: Non-GAAP net income allocated to participating securities (7)  (8,371)  (8,685)  (16,949)  (17,831)Non-GAAP income attributable to common stockholders $160,199  $170,926  $319,775  $349,916    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Diluted earnings per common share (“EPS”) (6) $0.86  $0.63  $1.20  $1.68 Acquisition-related, integration and restructuring expenses  1.08   0.27   1.64   0.55 Step-up depreciation  0.04   0.04   0.09   0.08 Debt costs (2)  —   0.02   0.10   0.02 Imputed interest related to Sellers’ Note included in interest expense and finance charges, net  —   0.07   —   0.14 Legal settlement costs (3)  —   0.03   —   0.03 Change in acquisition contingent consideration included in other expense (income), net  (0.01)  0.14   (0.02)  0.10 Foreign currency losses (gains), net (4)  (0.74)  0.17   (0.53)  0.10 Amortization of intangibles  1.68   1.72   3.36   3.37 Loss on held for sale  0.02   —   0.11   — Share-based compensation  0.42   0.42   0.90   0.84 Income taxes related to the above (5)  (0.62)  (0.71)  (1.41)  (1.29)Income tax effect of change in tax law  —   —   —   0.07 Adjustment for participating securities (7)  (0.10)  (0.10)  (0.20)  (0.20)Non-GAAP Diluted EPS (7) $2.63  $2.70  $5.24  $5.49          Weighted-average number of common shares - diluted  60,862   63,406   61,078   63,733    Three Months Ended Six Months Ended  May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025Net cash provided by operating activities $257,891  $236,536  $174,671  $237,944 Purchases of property and equipment  (48,174)  (55,792)  (102,076)  (106,410)Free cash flow  209,717   180,744   72,595   131,534 Change in outstanding factoring balances  32,607   19,542   25,116   28,936 Adjusted free cash flow $242,324  $200,286  $97,711  $160,470    Forecast  Three Months Ending
August 31, 2026 Fiscal Year Ending
November 30, 2026  Low High Low HighRevenue $2,465,000  $2,490,000  $9,925,000  $10,025,000 Revenue growth, as reported under U.S. GAAP  (0.75)%  0.25%  1.00%  2.00%Foreign exchange impact  0.75%  0.75%  (0.75)%  (0.75)%Constant currency revenue growth  0.0%  1.0%  0.25%  1.25%   Forecast
  Three Months Ending
August 31, 2026
 Fiscal Year Ending
November 30, 2026
  Low
 High
 Low
 High
Operating income $120,900  $130,900  $508,808  $538,808 Amortization of intangibles  102,500   102,500   395,000   395,000 Share-based compensation  23,800   23,800   105,000   105,000 Acquisition-related, integration and restructuring expenses  45,000   45,000   175,000   175,000 Step-up depreciation  2,800   2,800   9,300   9,300 Loss on held for sale  —   —   6,892   6,892 Non-GAAP operating income $295,000  $305,000  $1,200,000  $1,230,000 
(1) For the three and six months ended May 31, 2026, acquisition-related, integration and restructuring expenses primarily included restructuring costs associated with our recent cost reduction initiatives, including severance and employee-related costs. Restructuring expenses also included costs associated with facilities consolidation, including lease terminations. For the three and six months ended May 31, 2025, acquisition-related, integration and restructuring costs primarily included integration costs associated with our combination with Webhelp and restructuring expenses. These costs primarily included severance and employee-related costs, costs associated with facilities consolidation, including lease terminations to integrate the businesses, and information technology system consolidation costs.

(2) For the six months ended May 31, 2026, debt costs included debt extinguishment costs associated with our early redemption of $600 million of our senior notes due in August 2026. For the three and six months ended May 31, 2025, debt costs included debt extinguishment costs associated with our restated credit agreement and our voluntary prepayment of a portion of our outstanding term loans.

(3) For the three and six months ended May 31, 2025, legal settlement costs consist of amounts incurred to settle certain litigation arising outside of the ordinary course of business.

(4) Foreign currency losses (gains), net are included in other expense (income), net and primarily consist of gains and losses recognized on the revaluation and settlement of foreign currency transactions and realized and unrealized gains and losses on derivative contracts that do not qualify for hedge accounting.

(5) The tax effect of taxable and deductible non-GAAP adjustments was calculated using the tax-deductible portion of the expenses and applying the entity-specific, statutory tax rates applicable to each item during the respective periods presented.

(6) Diluted EPS is calculated using the two-class method, which is an earnings allocation proportional to the respective ownership among holders of common stock and participating securities. Restricted stock awards and certain restricted stock units granted to employees are considered participating securities. For the purposes of calculating diluted EPS, net income attributable to participating securities was approximately 5.0% and 4.8% of net income, respectively, for the three months ended May 31, 2026 and 2025 and 5.0% and 4.8% of net income, respectively, for the six months ended May 31, 2026 and 2025.

(7) For the purposes of calculating non-GAAP net income attributable to common shareholders and non-GAAP diluted EPS, non-GAAP net income attributable to participating securities was approximately 5.0% and 4.8% of non-GAAP net income, respectively, for the three months ended May 31, 2026 and 2025, and 5.0% and 4.8% of non-GAAP net income, respectively, for the six months ended May 31, 2026 and 2025, and was excluded from non-GAAP net income attributable to common shareholders to calculate non-GAAP diluted EPS.

POUGHKEEPSIE, NY / ACCESS Newswire / June 29, 2026 / Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) (the "Company"), the holding company for Rhinebeck Bank (the "Bank"), announced that at special meetings held on June 29, 2026, the stockholders of the Company and the depositors of the Bank approved the Amended and Restated Plan of Conversion and Reorganization, whereby Rhinebeck Bancorp, MHC, the mutual holding company for the Company and the Bank, will convert from the mutual holding company structure to the fully public stock holding company structure.

The closing of the conversion and related stock offering remains subject to receipt of final regulatory approvals, the sale of at least 6,587,500 shares of common stock, and customary closing conditions. The Company's subscription stock offering expired on June 18, 2026 and, based on preliminary results, the Company will not hold a community offering. The number of shares to be sold in connection with the conversion and stock offering will be based on a final independent appraisal and receipt of final regulatory approvals. The Company is currently processing orders received in the subscription offering and will provide allocation information as soon as it is available.

About Rhinebeck Bancorp, Inc.

Rhinebeck Bancorp, Inc. is the bank holding company for Rhinebeck Bank, a New York-chartered stock savings bank headquartered in Poughkeepsie, New York. The Bank conducts its business from 12 full-service banking offices and two representative offices located in New York's Albany, Dutchess, Orange and Ulster Counties.

Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as "may," "will," "would," "intend," "believe," "expect," "plan," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Forward-looking statements are not guarantees of future performance and actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: the failure to obtain the requisite approvals of applicable regulatory agencies for the proposed conversion and related offering, or delays in obtaining such approvals; that customary closing conditions may not be satisfied in a timely manner, if at all; and other risks described in filings the Company has made with the Securities and Exchange Commission (the "SEC"), which are available at the SEC's website, www.sec.gov.

This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus, as supplemented by the prospectus supplement, and when accompanied by a stock order form. The shares of common stock being offered for sale by Rhinebeck Bancorp, Inc. are not savings accounts or deposit accounts and are not insured by the Federal Deposit Insurance Corporation or by any other governmental agency.

Contact:

Matthew J. Smith
President and Chief Executive Officer
Rhinebeck Bancorp, Inc.
(845) 454-8555

SOURCE: Rhinebeck Bancorp

HomeStock IdeasLong IdeasConsumer Staples Analysis

SummaryCelsius Holdings is rated Buy with a $70 price target, offering over 100% upside from current levels.CELH trades at a forward P/E of 20 and P/FCF of 19, despite 33% expected revenue growth and 24% FCF growth in FY26.Recent growth slowdown, margin pressure, and competition concerns are seen as overblown; margin recovery and innovation are expected in 2H FY26 and FY27.International expansion, brand integration, and operational execution are key forward drivers; risk remains in execution and sustaining brand momentum. Nikolay Zaiarnyi/iStock via Getty Images

When I wrote my first article about Celsius (CELH) in September last year, the stock was trading at $66. My rating was Buy, as I still saw some upside potential, and it appeared that Celsius was trading

233 Followers

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

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

Key Takeaways QUBT is expanding through acquisitions, boosting manufacturing, photonics and quantum communications.QUBT reported $3.7M revenues, $1.4B cash and investments and a $16M contract backlog.IonQ remains a commercial leader, but weaker estimate revisions and softer technical momentum are concerns. Quantum-computing stocks endured a difficult June as persistent inflation, a higher-for-longer interest-rate environment and investor anxiety following the latest debate surrounding Microsoft's Majorana research weighed heavily on speculative growth names. Against this backdrop, IonQ (IONQ - Free Report) declined 28.8% in June, while Quantum Computing Inc. (QUBT - Free Report) or QCi fell 25.9%, creating an attractive entry point for investors seeking exposure to the next rally in quantum.

Image Source: Zacks Investment Research

IonQ's Leadership Remains IntactThere is little debate that IonQ remains the industry's commercial leader. The company is gaining momentum backed by a rapidly expanding global customer base and one of the most comprehensive quantum platforms in the industry. During the last-reported first quarter of 2026, revenues surged 755% year over year. Remaining performance obligations climbed to $470 million and the company raised its 2026 revenue outlook to $260-$270 million.

IonQ also continued expanding its hardware, networking and quantum security businesses while advancing its 256-qubit roadmap toward fault-tolerant computing.

Why QUBT May Offer Greater Near-Term UpsideThat said, bigger near-term upside may lie with QUBT, whose transformation is prominent. Although considerably smaller than IonQ, the company is evolving from a research-driven developer into a vertically integrated quantum hardware and photonics manufacturer. Its acquisitions of Luminar Semiconductor and NuCrypt significantly expanded its manufacturing capabilities, photonics expertise and quantum communications portfolio, while management continues to advance its room-temperature photonic quantum architecture and larger Fab 2 manufacturing strategy.

The company, during the first quarter, showed improving commercial momentum. Revenues increased to $3.7 million, supported by acquisitions. QUBT ended the quarter with $1.4 billion in cash and investments and a $16 million contract backlog. More importantly, management emphasized growing customer engagement, expanding fabrication capabilities and converting an increasing pipeline of commercial and government opportunities into recurring revenues.

Estimate Revisions Tilt in QUBT's FavorOver the past 60 days, QUBT has witnessed upward revisions in earnings estimates for 2026 and 2027, with no downward revisions. The Zacks Consensus Estimate has improved meaningfully during this period, as shown in the chart below.

Image Source: Zacks Investment Research

In contrast, IonQ has experienced a series of downward estimate revisions for 2026 and 2027, with loss per share estimates widening over the past two months despite its strong revenue growth and industry-leading market position.

Image Source: Zacks Investment Research

QUBT Holds the Technical EdgeThe technical picture also appears to favor QUBT in the near term. While both stocks have corrected sharply in June, IonQ has slipped below its 50-day simple moving average (SMA), reflecting weakening short-term momentum despite remaining above its upward-sloping 200-day SMA.

IONQ 50-and-200-Day SMAs
Image Source: Zacks Investment Research

In contrast, QUBT is consolidating around its key moving averages, with the 50-day SMA trending higher and approaching the 200-day SMA after a steady recovery from its April lows.

QUBT-50 and 200-Day SMAs
Image Source: Zacks Investment Research

Our TakeIonQ remains the long-term leader in commercial quantum computing, but weakening estimate revisions and softer technical momentum could limit its near-term upside. Meanwhile, QUBT is benefiting from accelerating commercialization, strategic acquisitions, improving earnings outlook and a stronger technical setup. Reflecting these contrasting trends, IonQ carries a Zacks Rank #4 (Sell), making profit booking prudent. QUBT's Zacks Rank #2 (Buy), in contrast, suggests it offers the more attractive upside opportunity for July and beyond. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.