SummaryCenovus Energy is positioned for robust Q2 cash flow, driven by higher oil prices and improved refining margins.CVE's strong free cash flow is expected to accelerate debt reduction, with net debt potentially nearing its CAD$4 billion target by year-end.With preferred shares fully bought back, CVE is poised to ramp up shareholder returns over the next year or so.Trading at less than 6x EV/EBITDA on 2027 estimates, CVE offers attractive value with production growth and increasing capital returns.Looking for a helping hand in the market? Members of Cash Flow Club get exclusive ideas and guidance to navigate any climate. Learn More »Sitewide Sale 2026: Get 20% Off Seiya Tabuchi/iStock via Getty Images
Article Thesis Cenovus Energy Inc. (CVE) is a Canadian energy company that offers strong production growth and that trades at a very undemanding valuation. I believe that during the second quarter, and possibly the third quarter, Cenovus Energy should generate huge cash
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NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) today announced it will release its second quarter financial results on Wednesday, June 24, 2026 after market close.
About Jefferies
Jefferies (NYSE: JEF) is one of the world’s leading full-service investment banking and capital markets firms. We primarily serve public companies, private companies, and their sponsors and owners, institutional investors, and government entities. Our services are enhanced by our relentless client focus, our differentiated insights and a flat and nimble operating structure. For more information: www.jefferies.com.
Key Takeaways Rocket Lab acquired Motiv Space Systems, adding robotics, motion-control and spacecraft technologies.The deal expands RKLB's capabilities in autonomous operations, spacecraft mobility and deep-space missions.Acquisitions are helping Rocket Lab diversify beyond launch services into broader space technologies. Rocket Lab Corporation (RKLB - Free Report) continues to use acquisitions as an important part of its long-term growth strategy, helping expand its technology portfolio and strengthen its position across the space industry. In May 2026, the company completed the acquisition of Motiv Space Systems, a California-based provider of space robotics, motion-control systems and precision spacecraft mechanisms.
The transaction adds advanced robotics capabilities with heritage across planetary exploration missions and expands Rocket Lab's ability to support more sophisticated spacecraft and exploration programs. The acquisition also broadens the company's technological reach into areas that support autonomous operations, spacecraft mobility and future deep-space missions.
In April 2026, Rocket Lab completed the acquisition of Mynaric AG, a provider of laser optical communications terminals for air, space and mobile applications. The acquisition strengthens Rocket Lab’s capabilities in satellite communications by adding technologies that support high-speed data transfer across satellite networks. The transaction also establishes the company’s first European footprint while expanding its ability to support commercial, government and national security space programs.
A key advantage of Rocket Lab’s acquisition strategy is the ability to quickly add specialized technologies that complement its existing operations. By integrating proven expertise and engineering capabilities, the company can expand its offerings more efficiently while addressing a broader range of customer requirements across the space market.
The strategy also enhances business diversification. Beyond launch services, acquisitions have expanded Rocket Lab’s presence across spacecraft technologies, satellite communications, robotics and mission systems, strengthening its technology portfolio and position within the evolving space sector.
Companies Pursuing Growth Through Strategic AcquisitionsAerospace companies continue using acquisitions to expand technological capabilities, strengthen product portfolios and support long-term growth initiatives. Companies like Kratos Defense & Security Solutions, Inc. (KTOS - Free Report) and Redwire Corporation (RDW - Free Report) have also pursued acquisitions to enhance their market positions.
Kratos Defense has expanded its portfolio through acquisitions such as Orbit Technologies and Nomad Global Communication Solutions, strengthening capabilities in satellite communications, networking and connected defense systems.
Redwire boosted its space infrastructure portfolio via acquisitions such as Oakman Aerospace and Hera Systems, adding spacecraft technologies, mission engineering expertise and national security space capabilities that support a broader range of government and commercial missions.
Earnings Estimates for RKLB StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 55.56% and 75%, respectively.
Image Source: Zacks Investment Research
RKLB Stock Trading at a PremiumRocket Lab is trading at a premium relative to the industry, with a forward 12-month price-to-sales of 58.79X compared with the industry average of 12.51X.
Image Source: Zacks Investment Research
RKLB Stock Price PerformanceOver the past six months, RKLB shares have surged 102.5% compared with the industry’s 19.2% growth.
Image Source: Zacks Investment Research
RKLB’s Zacks RankRocket Lab currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Rocket Lab stock is taking a hit today. What’s weighing on RKLB shares? SpaceX’s Blockbuster DealAccording to a Form 8-K filed Tuesday, June 16, 2026, SpaceX has agreed to acquire AI coding startup Anysphere Inc (Cursor) in an all-stock deal valued at an implied equity value of $60 billion. The transaction, executed via SpaceX subsidiary X67 Inc., is slated to close in the third quarter of 2026, subject to customary regulatory approvals.
While Rocket Lab continues to scale its own launch manifests and Neutron rocket development, SpaceX's multi-billion-dollar expansion into AI software highlights the intensifying competition for aerospace capital. For today, investors appear to be recalibrating their portfolios, leaving RKLB in the red while digesting its rival’s massive tech expansion.
Critical Price Levels To Watch For Rocket LabFrom a longer-term trend view, Rocket Lab is still in a bullish structure: it's trading about 43% above its 200-day SMA ($72.92) and about 20% above its 100-day SMA ($86.89). The near-term picture is choppier, though, with the stock about 16% below its 20-day SMA ($124.13), which often acts like "gravity" after a sharp run.
Momentum is best explained by RSI, which is sitting at 47.81—neutral and consistent with a cooling phase rather than a fresh breakdown. RSI measures how stretched a move is, and this reading suggests the stock is working off prior heat after the May swing high and 52-week high.
The moving-average stack still leans constructive (20-day SMA above the 50-day SMA; 50-day SMA above the 200-day SMA), but price is now only about 2.6% above the 50-day SMA ($101.57), making that zone a key "line in the sand" for trend traders. If buyers defend it, the pullback can stay in "reset" mode; if not, the next test tends to shift toward the 100-day area.
Key Resistance: $105.24 — near the 50-day EMA, a common area where rebounds can stall after a selloff Key Support: $101.57 — aligns with the 50-day SMA, a pivotal trend level given current proximity What Is Rocket Lab and Its Business Model?Rocket Lab is a space company that builds rockets and spacecraft, offering end-to-end mission services for civil, defense, and commercial customers. It designs and manufactures the Electron and Neutron launch vehicles and the Photon satellite platform, giving it exposure to both launches and space hardware.
Rocket Lab Stock Price Action UpdateRKLB Stock Price Activity: Rocket Lab shares were down 3.32% at $105.62 at the time of publication on Tuesday, according to Benzinga Pro data.
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Well, it finally happened. Space Exploration Technologies (SPCX +4.36%) has gone public, and it is officially the largest IPO in history. As the seventh-largest company in the world by market value, all the oxygen in the stock market is being sucked away from other space-economy stocks into the Elon Musk-led rocket launch and artificial intelligence (AI) giant.
Take Rocket Lab (RKLB 4.19%). The upstart spaceflight competitor has seen its shares quickly dip 32% from their highs in anticipation of the SpaceX IPO. At around $100 a share, should you buy the dip on Rocket Lab? Or should you ditch it and buy SpaceX shares?
Image source: Getty Images.
SpaceX's grand AI plans If we're talking about a company's pure ambition, then it is hard to get grander than SpaceX. Musk and the SpaceX team have a vision of building orbital compute data centers, providing global satellite internet service through Starlink, and eventually even establishing a colony on Mars.
Starlink is an $11.4 billion revenue business, and growing 50% year over year. But for the rest of SpaceX -- which also includes X (formerly Twitter) and the xAI research lab -- an investment in this stock is based on future potential. In 2025, SpaceX's total revenue was just $18 billion, meaning over half of its sales came from Starlink internet services.
2026 should prove to be a banner year for growth, driven by recent contract wins from Alphabet and Anthropic for AI computing services, totaling $26 billion in annual AI spending. SpaceX has built massive data centers that are currently underused, which, on the one hand, shows the disappointment with its own AI software, but on the other hand shows the company's and Musk's ability to accurately predict the future of technology.
Right now, SpaceX trades at a market cap of $2.1 trillion, or more than 100 times its 2025 revenue. Its price-to-sales ratio (P/S) will decline sharply over the next few years if these growth initiatives materialize, but it is now officially one of the most expensive stocks in the world following this blockbuster IPO.
Rocket Lab's focused potential Rocket Lab is taking a path more focused on SpaceX's original business model: shipping payloads to orbit through private rocket launches. It began operations with a small rocket called the Electron, built for specialty payloads that require precise positioning in the sky.
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The Electron rocket now regularly launches payloads into orbit for commercial customers and the United States government. Capitalizing on this success, Rocket Lab has built and acquired capabilities to vertically integrate across the space economy, meaning it builds products like satellites, launch pods, and communication systems for third parties that also utilize the Electron launch capabilities. With this business model, Rocket Lab's revenue has grown to $680 million over the last 12 months, up 1,000% in the last five years.
To get closer to SpaceX's size, Rocket Lab is building a larger rocket called the Neutron, with plans to debut it later this year. It should lead to a step change in revenue generation, directly from launch costs and from more commercial players utilizing Rocket Lab's vast array of space-economy services.
It wouldn't be surprising to see Rocket Lab's revenue grow into the billions in the next few years. However, even after this steep drop, the stock still trades at an expensive market cap of $60 billion, or a P/S ratio of 89.
Data by YCharts.
Which space stock is the better buy? Given the size of the business, the best bet for investors today may be Rocket Lab over SpaceX. With a market cap of $2.1 trillion and 2025 revenue of less than $18 billion, it is hard to imagine any scenario in which SpaceX delivers stellar results for shareholders.
The same can likely be said of Rocket Lab over the next decade. Space flight is hard, and the Neutron rocket has faced many delays on its path to commercialization. Rocket Lab may do fine for investors over the next two decades if it grows to the size of SpaceX, but that does not mean you should load up on the stock.
For investors, the smart move is to avoid both SpaceX and Rocket Lab and their extremely elevated P/S ratios.
Key Takeaways Motorola is expanding Assist globally after its successful deployment across the United States.Motorola's Assist uses AI to prioritize call data, transcribe live audio and translate in real time.MSI's Redaction Assist tags evidence and redacts sensitive information to reduce manual work. After its successful deployment across the United States, Motorola Solutions, Inc. (MSI - Free Report) has expanded Assist, its artificial intelligence (AI)-powered public safety platform, across the globe. With an initial focus on Europe, the expansion strengthens the company’s role in improving emergency response through AI-driven solutions.
Motorola’s Assist helps control room operators handle emergencies more efficiently by reducing manual tasks and speeding up decision-making. Integrated into the company’s software, the platform automatically identifies, gathers and prioritizes critical call information. Features such as live transcription, real-time translation and audio enhancement improve communication and enable faster emergency response.
For first responders in the field, the system acts as a mobile digital tool that improves productivity, awareness and safety. Its key features include quick number plate scanning, faster identification through image search and voice commands that let officers work hands-free while driving. These capabilities help responders access critical information more quickly during emergencies.
Motorola is also improving digital investigations with Redaction Assist, which automatically tags evidence and redacts sensitive information, reducing manual work. The company is focused on deploying AI responsibly by maintaining human control and oversight. With the global rollout of Assist, Motorola continues to enhance operational efficiency and support faster and more effective emergency management.
How Are Competitors Performing in the Public Safety Domain?Motorola faces stiff competition from Nokia Corporation (NOK - Free Report) and Comtech Telecommunications Corp. (CMTL - Free Report) . Nokia is strengthening public safety through secure communication networks for emergency responders. The company is using AI and automation to improve response times and situational awareness. Nokia is expanding its private wireless and 5G solutions for reliable connectivity in critical situations.
Comtech is expanding its public safety business through Allerium, its next-generation 911 solution. The company is using AI and cloud technology to improve emergency communication and response times. Comtech is investing in technologies that enhance public safety operations.
MSI’s Price Performance, Valuation & EstimatesMotorola shares have gained 2% over the past year compared with the industry’s 58.1% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Motorola trades at a forward price-to-sales ratio of 5.21, below the industry tally of 5.47.
Image Source: Zacks Investment Research
Earnings estimates for 2026 have increased 0.83% to $16.96 over the past 60 days, while the same for 2027 have increased 0.82% to $18.42.
Image Source: Zacks Investment Research
Motorola currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ORANGE, Calif., June 16, 2026 (GLOBE NEWSWIRE) -- M S International, Inc. (MSI), the leading supplier of flooring, countertops, wall tile, and hardscaping products in North America, is excited to celebrate the grand opening of its Jacksonville showroom, located at 8443 Baymeadows Rd., Jacksonville, FL 32256.
To mark the occasion, MSI invites homeowners, designers, builders, contractors, real estate professionals, and industry partners to a day-long celebration on June 23 from 9:00 a.m. to 9:00 p.m. The opening of the new 10,000-square-foot showroom represents a significant investment in Northeast Florida and reinforces MSI's commitment to providing innovative design solutions and exceptional customer service throughout the region.
The grand opening festivities will begin with an official ribbon-cutting ceremony at 10:00 a.m., followed by a full day of educational programming, networking opportunities, entertainment, giveaways, and exclusive promotions. Attendees will hear from a distinguished lineup of industry experts, including Emily Holle, Senior Director of Trend & Design at MSI, who will present the top design trends shaping residential and commercial spaces in 2026.
Additional highlights include a realtor event sponsored by D.R. Horton at 4:30 p.m., an NTCA workshop at 5:00 p.m., and an economic forecast presentation from Susan Heffron, Vice President, Homebuilding – Southeast at Zonda, who will share insights into the future of the construction and housing markets. The celebration will conclude with an exciting Casino Night beginning at 7:00 p.m.
The new Jacksonville showroom showcases MSI's expansive portfolio of premium surfaces and flooring products, including Everlife® Waterproof Flooring with porcelain and luxury vinyl tile (LVT)collections, Q engineered surfaces, and W™ Luxury Genuine Hardwood. Visitors can also explore MSI's outdoor living offerings, including Arterra® Porcelain Pavers, Rockmount® Veneers, and Stacked Stone Collections and a wide selection of natural stone and turf products.
Designed as an immersive and inspiring destination, the showroom allows customers to experience MSI's products firsthand while discovering the latest trends in interior and exterior design.
"Jacksonville is an exciting and growing market, and we're thrilled to expand our presence in Northeast Florida with this beautiful new showroom," said Shaun Skinner, Branch Leader, MSI Jacksonville. "This space was created to inspire our customers and provide them with the products, resources, and expertise they need to bring their design visions to life."
Visit the showroom Monday through Friday from 8:00 am to 5:00 pm, and on Saturdays from 9:00 am to 12:00 pm.
About M S International, Inc. (MSI)
Founded in 1975, MSI is a leading supplier of flooring, countertop, wall tile, and hardscaping products in North America. Headquartered in Orange, California, MSI maintains 50 state-of-the-art showrooms and distribution centers across the U.S. and Canada, with domestically sourced products for the Q™ Studio Collection in Latta, South Carolina, and Premium LVT in Cartersville, Georgia. MSI's product assortment includes an extensive offering of engineered stone, LVT, tile, turf, natural stone, and porcelain products imported from over 37 countries on six continents.
To explore MSI's complete range of products, visit www.msisurfaces.com.
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Media Contact:
Kristina Durkin
PR Coordinator
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4ffe89d-cd49-4f81-b048-deaa9ad36edf
ALBUQUERQUE, N.M., June 16, 2026 (GLOBE NEWSWIRE) -- ARRAY Technologies, Inc. (NASDAQ: ARRY) (“ARRAY” or the “Company”), a leading global provider of solar tracking technology and fixed-tilt products, foundation solutions, software systems and services, today announced the launch of ARRAY DuraTrack D2S™, an evolution of ARRAY’s product portfolio. The new tracker offering brings the best features of ARRAY’s trusted DuraTrack® system architecture to the two-row format preferred across many international markets.
Duratrack D2S was designed to address a number of constraints that determine real solar project economics. Upfront, D2S can facilitate lower capital expenditure through faster installation, better terrain tolerance, and more design flexibility on constrained land. Over the life of the project, D2S is built to deliver an energy yield benefit, by reducing energy loss from wind stow, and to minimize ongoing operating costs through durable design and lowered maintenance needs.
DuraTrack D2S includes key features of ARRAY’s flagship DuraTrack product, including:
ARRAY Wind XP™ Patented Passive Wind Stow Technology: Minimizes unnecessary stow and sensor failure risk through ARRAY’s trusted mechanical stow solution shown to offer an energy yield benefit of up to 4%. Leading Terrain Adaptability: Incorporates ARRAY OmniTrack® terrain-following capability to minimize terrain modifications, reduce grading costs during construction by following natural land contours, and maintaining natural ecology.ARRAY SmarTrack® Enabled: Facilitates optimized energy yield on projects with Terrain Adaptive Backtracking and Diffuse Weather Response while also providing features to mitigate risk from extreme weather conditions.
As customers face development on increasingly complex, fragmented, and terrain-challenged sites, Duratrack D2S represents an extension of ARRAY’s proven technology for customers who prefer the flexibility of a two-row design.
“D2S represents the next evolution of ARRAY’s portfolio and our continued commitment to advancing smarter, more resilient solar racking solutions,” said Nick Strevel, Chief Product Officer of ARRAY. “By bringing proven, industry-leading tracker technology to new formats, we are helping customers unlock greater performance, reliability, and value as demand for solar energy continues to grow worldwide.”
DuraTrack D2S is launching first in the EMEA market and began construction on its first commercial installation in Spain in Q1 2026.
“ARRAY is a key partner to us, and as soon as they presented the DuraTrack D2S tracker we were eager to install it and install it fast! A passive-stow tracker, in dual-row configuration, is what we were looking for,” said Salix Solar, a Spanish solar developer and the initial commercial customer for D2S.
This solution reflects ARRAY’s dedication to providing reliability and value for performance, addressing the real-world challenges faced by solar energy producers. With more than 35 years of reliability and over 100 GW of solar trackers awarded or installed worldwide, ARRAY continues to evolve and adapt to market demands.
For more information about DuraTrack D2S and to connect with an ARRAY representative to evaluate how DuraTrack D2S can improve your project’s energy yield, visit https://arraytechinc.com/duratrackd2s/
For more information about ARRAY Technologies and its industry-leading solar tracking solutions, visit https://arraytechinc.com/
About ARRAY
ARRAY Technologies (NASDAQ: ARRY) is a leading global provider of solar tracking technology and fixed-tilt systems to utility-scale and distributed generation customers who construct, develop, and operate solar photovoltaic sites. With solutions engineered to withstand harsh weather conditions, ARRAY’s high-quality solar trackers, fixed-tilt systems, software platforms, foundation solutions, and field services combine to maximize energy production and deliver value to our customers for the entire lifecycle of a project. Founded and headquartered in the United States, ARRAY is rooted in manufacturing and driven by technology – relying on its domestic manufacturing, diversified global supply chain, and customer-centric approach to design, deliver, commission, train, and support solar energy deployment around the world. For more news and information on ARRAY, please visit www.arraytechinc.com.
Forward Looking Statement
This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Company’s ability to continue to grow its global installed base and expand into new markets; the expected performance, reliability, and market adoption of DuraTrack D2S; the anticipated energy yield, capital expenditure, and installation benefits of DuraTrack D2S, including the referenced up to 4% energy yield benefit from Wind XP Passive Wind Stow Technology; the anticipated benefits of incorporating OmniTrack terrain-following capability and SmarTrack software into the two-row format; the continued advancement of the Company’s software and service offerings; the Company’s expectations regarding continued demand for solar energy and utility-scale solar deployment; and the Company’s business strategy and growth prospects. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks, uncertainties, and assumptions include, without limitation, changes in demand for utility-scale solar projects domestically and internationally; delays in product availability or shipment; actual field performance of DuraTrack D2S, Wind XP, OmniTrack, and SmarTrack that may differ from modeled or anticipated results; macroeconomic conditions, trade policy changes, or supply chain disruptions affecting operations; changes in government policy or incentives supporting solar energy deployment; challenges in expanding DuraTrack D2S into EMEA and other international markets; and reliance on third-party partners to perform their respective roles on schedule and to specification. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors. Forward-looking statements should be evaluated together with the risks and uncertainties that affect our business and operations, particularly those described in more detail in the Company’s most recent Annual Report on Form 10-K and other documents we file with the SEC, which can be found on our website www.arraytechinc.com. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
In the latest trading session, Array Technologies, Inc. (ARRY - Free Report) closed at $7.86, marking a -2.72% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
The company's stock has dropped by 4.38% in the past month, exceeding the Oils-Energy sector's loss of 6.38% and lagging the S&P 500's gain of 2.14%.
Investors will be eagerly watching for the performance of Array Technologies, Inc. in its upcoming earnings disclosure. On that day, Array Technologies, Inc. is projected to report earnings of $0.12 per share, which would represent a year-over-year decline of 52%. Simultaneously, our latest consensus estimate expects the revenue to be $323.09 million, showing a 10.81% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.72 per share and a revenue of $1.45 billion, representing changes of +7.46% and +12.72%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Array Technologies, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Array Technologies, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Array Technologies, Inc.'s current valuation metrics, including its Forward P/E ratio of 11.28. Its industry sports an average Forward P/E of 24.67, so one might conclude that Array Technologies, Inc. is trading at a discount comparatively.
It's also important to note that ARRY currently trades at a PEG ratio of 0.99. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ARRY's industry had an average PEG ratio of 1.03 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 170, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Royal Gold is attractively valued, offering leveraged gold exposure without the risks of physical ownership. RGLD posted Q1 2026 revenue up 142.5% YoY, driven by higher gold prices and recent acquisitions, with an 83% adjusted EBITDA margin. With a robust pipeline—79 producing properties and a strong balance sheet—RGLD is positioned for sustained growth and further acquisitions.
Key Takeaways MIRM/INCY reported positive phase II data showing zilurgisertib's efficacy in FOP patients.The investigational therapy reduced new HO lesion formation by 81% versus placebo and met key secondary goals.MIRM and INCY's zilurgisertib NDA received FDA Priority Review, with a decision due by Sept. 26, 2026. Mirum Pharmaceuticals (MIRM - Free Report) and Incyte Corporation (INCY - Free Report) have reported positive pivotal phase II results from Cohort 1 of the PROGRESS study evaluating zilurgisertib, an investigational oral ALK2 inhibitor, in adolescent and adult patients with fibrodysplasia ossificans progressiva (FOP). The data showed that the investigational oral therapy significantly reduced new heterotopic ossification (HO) lesion formation. Key secondary endpoints, including lesion volume measures and disease flare activity, were met, which reflected zilurgisertib’s potential as a new treatment option for the ultra-rare disease.
FOP is a rare genetic disorder in which muscle, tendons and other soft tissues progressively transform into bone, causing irreversible loss of mobility and severe disability over time. Based on the positive pivotal study findings, the FDA has accepted the new drug application (NDA) for zilurgisertib for FOP and granted Priority Review status. The agency is expected to deliver its decision regarding the NDA by Sept. 26, 2026.
A filing accepted under the FDA’s Priority Review pathway reduces the review period to six months from the standard 10 months. This status is awarded to marketing applications for medicines intended to treat serious conditions and that, if approved, would offer a substantial improvement in safety, effectiveness, prevention, or diagnosis of such conditions. Mirum licensed worldwide development and commercialization rights to the candidate from Incyte.
Year to date, MIRM and INCY’s shares have risen 25.7% and 9.9%, respectively, against the industry’s 1.4% decline.
Image Source: Zacks Investment Research
MIRM/INCY's Pivotal Phase II FOP Study Data in DetailsThe pivotal phase II PROGRESS study is evaluating the safety and efficacy of zilurgisertib in FOP patients. Cohort 1 enrolled 63 patients aged 12 years and older, who were randomized equally to receive either zilurgisertib 100 mg once daily or placebo for 24 weeks, followed by an open-label extension period. At the time of analysis, 61 patients had available 48-week whole-body CT scan data.
The primary endpoint assessed the proportion of patients developing new HO lesions at Week 24. Results showed that only one patient (3.1%) in the zilurgisertib arm developed a new lesion compared with five patients (16.7%) in the placebo group, representing an 81% reduction. The treatment demonstrated consistent benefits across several secondary efficacy measures.
Mirum and Incyte reported particularly strong effects on new lesion burden. Patients receiving zilurgisertib experienced a 99.9% reduction in the total volume of newly formed HO lesions compared with placebo at Week 24. The mean volume of new lesions was nearly eliminated in the treatment arm, highlighting the drug's ability to suppress abnormal bone formation. Treated patients also developed fewer new lesions overall compared with placebo recipients.
The study also showed favorable effects on overall disease burden. Patients receiving zilurgisertib experienced a reduction in total HO lesion volume by Week 24, whereas total lesion volume increased among placebo-treated patients. Annualized flare activity was likewise lower in the treatment arm, with patients receiving zilurgisertib reporting fewer new disease flares than those receiving placebo.
Results from the open-label extension demonstrated sustained benefit through Week 48. No new HO lesions were observed among patients who continued receiving zilurgisertib, and no new lesions were reported in patients who crossed over from placebo to active treatment after Week 24. Total HO lesion volume continued to decline in both groups through Week 48, while flare activity remained low over the extended treatment period.
The safety profile remained favorable throughout the placebo-controlled portion of the study. Most adverse events were mild to moderate in severity, and no patients discontinued treatment or required dose reductions because of adverse events.
With positive pivotal data now in hand and Priority Review underway, Mirum and Incyte are moving closer to potentially bringing zilurgisertib to patients with FOP, a population with limited treatment options and significant unmet medical need.
MIRM/INCY’s Zacks Rank and Stocks to ConsiderMirum and Incyte currently carry a Zacks Rank #3 (Hold) each.
Some better-ranked stocks in the biotech sector are Liquidia Corporation (LQDA - Free Report) and Immunocore (IMCR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Over the past 60 days, estimates for Liquidia Corporation’s 2026 EPS have increased from $1.50 to $2.97. Over the same period, EPS estimates for 2027 have also increased from $2.91 to $4.81. LQDA shares have rallied 106.7% year to date.
Liquidia Corporation’searnings beat estimates in three of the trailing four quarters and missed in the remaining one, with the average surprise being 54.40%.
The estimate for Immunocore’s 2026 EPS is currently pegged at 6 cents. In the past 60 days, the estimates for its 2027 EPS have increased from 24 cents to 87 cents. IMCR shares have lost 16.5% year to date.
Immunocore’s earnings beat estimates in three of the trailing four quarters, while missing the same on the remaining occasion, with the average surprise being 46.66%.
(We are reissuing this article to correct a mistake. The original article, issued on June 15, 2026, should no longer be relied upon.)
Terreno Realty Corporation NYSE:TRNO , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Alexandria, Virginia on June 15, 2026 for a purchase price of approximately $13.0 million.
The property consists of one industrial distribution building containing approximately 50,000 square feet on 2.8 acres. The property is at 5751 General Washington Drive, adjacent to the intersection of I-95 and I-495 (the Capital Beltway), and provides eight dock-high and one grade-level loading positions and parking for 73 cars. The building is 77% leased to three tenants. The estimated stabilized cap rate is 5.0%.
Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.
Additional information about Terreno Realty Corporation is available on the company’s website at www.terreno.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “result,” “should,” “will,” “seek,” “target,” “see,” “likely,” “position,” “opportunity,” “outlook,” “potential,” “enthusiastic,” “future” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260604820100/en/
NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ADC Therapeutics SA (“ADC” or the “Company”) (NYSE: ADCT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether ADC and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 3, 2026, ADC “announced topline data from its Phase 3 LOTIS-5 confirmatory trial evaluating ZYNLONTA® (loncastuximab tesirine-lpyl) in combination with rituximab in patients with relapsed or refractory diffuse large B-cell lymphoma (r/r DLBCL).” Although ADC’s treatment extended progression-free survival by 1.4 months, 27 deaths were recorded for those given Zynlonta, compared to the nine deaths recorded for the immunotherapy arm.
On this news, ADC’s stock price fell $2.05 per share, or 66.56%, over the following two trading sessions, to close at $1.03 per share on June 5, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Crocs has been expanding into sandals. (Photo Illustration by Alex Tai/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
For decades, Crocs was defined by a single product: the brightly colored clog that became one of retail’s most unlikely success stories. Now the company is betting that its next phase of growth lies beyond the iconic clog.
After spending years transforming its flagship silhouette from functional footwear into a fashion and cultural phenomenon, Crocs has been expanding into sandals, a category that has quickly become one of the brand’s fastest-growing businesses and an increasingly important growth driver in the U.S. and internationally.
"We’re a global brand and our DNA is really based on the classic clog," Anne Mehlman, president of the Crocs brand, told Forbes. "When you ask people around the world, everybody knows Crocs."
That association has helped fuel global growth but, with the clog firmly established, Crocs has begun looking for ways to broaden its appeal and attract new consumers and the answer, it believes, is in sandals.
While Crocs first introduced sandals in 2010, the category has become a major strategic priority only over the past several years. The shift came after extensive consumer research revealed that shoppers already viewed the company as having what Mehlman describes as “permission to compete” in the category.
"When we were listening to consumers and how they use the clog and how they think about it, a lot think about the summer, the beach, water and those kinds of occasions, very similar to how people think about sandals," Mehlman said. "Our consumers thought we had a really high right to play from a sandals perspective and when we started looking, it's highly fragmented. And we thought this is a market where we can really provide some innovation and give consumers a compelling proposition."
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Crocs Sandals March ForwardsThat strategy is beginning to pay off. Crocs’ sandal business generated around $450 million in revenue last year, making it one of the larger players in the category. The company is now targeting breaking through $500 million. Despite that growth, sandals still account for only around 13% of Crocs’ overall revenue, while its stock price has risen strongly this year.
"Clogs are still a huge piece of our DNA and by no means are we walking away from that," Mehlman stressed.
Instead, the company sees sandals as complementary, encouraging repeat purchases among existing customers while attracting new shoppers to the brand.
"What we see with sandals is it brings a lot of new consumers into the brand," she said. "They'll come in on a sandals purchase and then buy something else."
The U.S. remains central to that strategy. Crocs began by targeting female consumers, who tend to purchase multiple pairs across different occasions and styles. The company built its assortment around four key occasions: everyday wear, fashion, adventure and sport. From that framework emerged three major sandal franchises: Getaway, Miami and Brooklyn.
The Miami collection, in particular, has become a breakout success among younger shoppers and social media users and the brand's digital-first marketing approach has helped accelerate adoption. Crocs was an early adopter of TikTok and continues to use the platform as a key customer acquisition tool.
"We started to see that a lot of our sandals went viral on TikTok, especially our Miami franchise," Mehlman said. "That consumer is definitely younger than our overall consumer and we over-index there with new consumers. I think about half of all of our TikTok consumers in the U.S. are new to the brand.”
Crocs Gets PersonalPersonalization, already a defining feature of the clog through its Jibbitz charms, is increasingly becoming part of the sandal strategy as well. This year Crocs launched the Saturday sandal franchise, featuring customizable Jibbitz holes and fashion-oriented buckle details. The company has also introduced dedicated sandal charms that allow customers to customize styles from collections such as Miami.
"We started testing those online and in some of our top retail stores and have had amazing success," Mehlman said. "We're planning on expanding that."
The company maintains a roughly even split between direct-to-consumer sales and wholesale distribution, while investing heavily in physical stores that showcase customization opportunities.
International markets, especially those warm year-round, have become key growth regions. (Photo by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
“Physical retail is really important for us because it is the best place for the consumer to experience Crocs. If you go into one of our stores and watch the personalization bar, consumers love it. People come in looking for shoes specifically so they can add charms or Jibbitz to them,” Mehlman said.
Crocs recently opened a new full-price store in Westfield Stratford, London, designed to highlight the brand’s evolving identity and international markets are becoming increasingly important. Outside the U.S., Crocs identifies Western Europe — particularly the U.K., France and Germany — alongside China, Japan, South Korea and India as priority growth markets.
Weather naturally influences demand and year-round warm-weather markets offer particularly attractive opportunities, with India standing out.
"India is a really key market for us because sandals are a natural silhouette for consumers there," she said. "They're used to living in sandals. It's hot there year-round and our brand is strong there."
The company is preparing new product launches including the Rio sandal, a customizable flip-flop designed around Jibbitz personalization, as well as additional extensions of its fast-growing Saturday and Miami collections. It is also launching a sport-focused slide targeting consumers before and after workouts.
And as those consumers increasingly seek products that combine comfort, self-expression and social-media appeal, Crocs believes sandals can become a powerful gateway for its brand.
Key Takeaways DKS partnered with Lids to expand licensed fan merchandise with dedicated shop-in-shops.DKS has 46 Lids shops active and plans more than 100 locations by late summer 2026.DKS added 1.5 million athletes in Q1 fiscal 2026 and is expanding digital platforms. DICK’S Sporting Goods, Inc. (DKS - Free Report) continues to strengthen its customer experience and licensed merchandise offerings through strategic partnerships that deepen engagement with sports fans. In line with this effort, the company announced a collaboration with Lids, the leading licensed headwear retailer, to introduce dedicated Lids shop-in-shops across DICK’S locations nationwide. The initiative underscores DICK’S focus on enhancing its assortment and creating differentiated in-store experiences to drive traffic and sales.
The partnership is already active in 46 DICK'S stores and is expected to expand to more than 100 locations by late summer 2026. Each Lids shop will feature immersive branding, fixtures and merchandising designed to showcase the company’s extensive portfolio of licensed and lifestyle headwear. According to DICK’S, the move reflects growing consumer demand for products that allow fans to express their team loyalty and personal style.
Beyond expanding product availability, the two companies will collaborate on visual merchandising and in-store training programs for DICK’S associates. Management believes the initiative will create a dedicated destination for sports fans while leveraging Lids’ expertise in licensed headwear. Lids operates more than 2,000 stores across North America, Europe and Australia and carries officially licensed merchandise from major leagues, including the NFL, MLB, NBA, NHL and NCAA.
The latest partnership aligns with DICK'S broader strategy of enhancing its omnichannel ecosystem and elevating the shopping experience through differentiated offerings. With a growing portfolio that includes House of Sport and other experiential concepts, the company remains focused on building stronger customer connections and expanding its presence across key sports and lifestyle categories. Strategic collaborations such as the one with Lids are expected to support long-term growth and reinforce DICK’S position in the sporting goods retail market.
Strategic and Digital Strength Fuel DICK'S-Lids DealDICK'S Sporting continues to build on its strong market share gains and long-term growth initiatives, providing a solid backdrop for its new partnership with Lids. The retailer delivered robust first-quarter fiscal 2026 results, benefiting from broad-based growth across footwear, apparel and hardlines, while adding roughly 1.5 million new athletes to its customer database. Management remains optimistic about growth prospects, supported by the expansion of House of Sport and Field House formats, improving productivity and a recovering Foot Locker business. These initiatives are strengthening customer engagement and enhancing DICK'S ability to attract premium brands and differentiated merchandise. Against this backdrop, the addition of dedicated Lids shop-in-shops aligns well with DICK'S strategy of creating immersive retail experiences and expanding its licensed merchandise offerings, which should further support traffic and spending.
The company is also leveraging digital innovation to deepen athlete engagement and extend its ecosystem beyond traditional retail. Investments in its website and mobile app, the upcoming launch of the AI-powered Coach by DICK'S platform and strong momentum at GameChanger and the DICK'S Media Network are creating new avenues for growth and customer interaction. At the same time, encouraging progress in the Foot Locker turnaround and management's confidence in achieving synergy targets underscore the strength of DICK'S broader operating platform. These capabilities complement the Lids partnership by providing additional channels to connect with sports fans and enhance the omnichannel experience, reinforcing DICK'S position as a leading destination for athletes and fans alike.
This Zacks Rank #3 (Hold) company’s shares have gained 17.1% over the past three months against the industry's decline of 12%.
DKS Stock's Price Performance
Image Source: Zacks Investment Research
Key PicksRoss Stores (ROST - Free Report) , a leading U.S. off-price retailer operating Ross Dress for Less and dd's DISCOUNTS stores, carries a Zacks Rank #2 (Buy) at present. ROST delivered a trailing four-quarter earnings surprise of 10.2%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The consensus estimate for Ross Stores’ current fiscal-year sales and earnings suggests growth of 9.1% and 17.1%, respectively, from the year-ago figures.
Five Below, Inc. (FIVE - Free Report) , which operates as a specialty value retailer, currently flaunts a Zacks Rank #1. FIVE delivered a trailing four-quarter earnings surprise of 70.1%, on average.
The Zacks Consensus Estimate for Five Below’s current fiscal-year sales and earnings suggests growth of 14.3% and 30.4%, respectively, from the year-ago figures.
Tapestry, Inc. (TPR - Free Report) provides accessories and lifestyle brand products in North America, Greater China, the rest of Asia and internationally. At present, TPR sports a Zacks Rank of 1.
The Zacks Consensus Estimate for TPR’s current fiscal-year sales and earnings implies growth of 13.8% and 36.3%, respectively, from the year-ago reported figures. TPR has delivered a trailing four-quarter earnings surprise of 15.6%, on average.
Kratos Defense & Security Solutions is positioned as a low-cost, high-capability defense provider, benefiting from a structural supply-demand imbalance in the sector. KTOS demonstrates robust top-line growth, a 1.6x book-to-bill ratio, and a $2B backlog, supporting multi-year demand visibility and embedded growth optionality. Margin expansion is expected to be steady, driven by scale and higher-margin software like OpenSpace, but near-term cash flow is pressured by aggressive reinvestment.
Pre-Market Stock Futures: Futures are trading modestly higher after a stunning opening to the week, as all major indices rocketed higher. The announcement of a cease-fire deal with Iran, which the leaders in that country acknowledged, called for reopening the Strait of Hormuz toll-free. While details will still be worked out over the next 60 days, we are finally on track to conclude the fighting that has been ongoing since February. The tech-heavy Nasdaq was a huge winner on Monday, closing up 3.06% at 26,683, while the S&P 500 finished Monday up 1.65% at 7,554. The Dow Jones Industrial Average, which set a new all-time high, was last seen at 51,671, up 0.92%, while the small-cap-laden Russell 2000 finished the session up 0.72% at 2,973.
Treasury Bonds: Once again, as on Friday, yields were down across the entire Treasury curve as a combination of institutional buying and what was very likely short-covering pushed prices higher for government debt. Short-sellers had been leaning on Treasury debt as chatter of interest rate hikes has become louder over the last few months. Kevin Warsh, the new Federal Reserve Chairman, will hold his first meeting, and rates are expected to remain on hold. The 30-year bond closed at 4.98% on Monday, while the 10-year note was last at 4.48%.
Oil and Gas: Needless to say, oil was hammered across the board as news from Iran brought sellers out in full force. Industry pundits were quick to point out that even if the ceasefire holds and the Strait of Hormuz is reopened, that doesn’t mean a quick turnaround on oil and natural gas flows. Brent Crude closed lower by 4.24% at $83.63, while West Texas Intermediate was last seen at $81.33, down 4.18%. Natural gas was the lone winner on Monday, up 1.12% at $3.16.
Gold: Gold had a solid day, even though some of the big morning gains faded as afternoon trading kicked in; the precious metal complex still ended the day solidly higher. Gold closed trading at $4,310, up 2.17%, while Silver finished the day at $69.80, up 2.76%.
Crypto: Crypto markets roared higher Monday as a U.S.-Iran peace deal sparked a global risk-on rally across stocks, commodities, and digital assets. Bitcoin surged past $66,000 to a two-week high near $66,500, while Ethereum, Solana, and XRP jumped between 3% and 8%. The rebound added billions to the overall crypto market cap as investors welcomed easing Middle East tensions and renewed appetite for risk assets. Some have warned that the recent Bitcoin price spike could be a proverbial dead-cat bounce. At 8A EDT, Bitcoin was trading at $66,360, while Ethereum was reported at $1,793.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, June 16, 2026.
Upgrades: Dynatrace (NYSE: DT) | DT Price Prediction was upgraded to Buy from Neutral at UBS, which lifted the target price for the shares to $60 from $36. Extra Space Storage (NYSE: EXR) was raised to Neutral from Underperform at Bank of America, which bumped the price target to $156 from $147. Exxon Mobil (NYSE: XOM) was upgraded to Buy from Neutral at Bank of America, which has a $154 target price for the legacy energy giant. Palantir Technologies (NASDAQ: PLTR) was resumed with a Peer Perform rating, which was raised from Underperform at Wolfe Research, without a price target. W.P. Carey (NYSE: WPC) was raised to Neutral from Underperform at Bank of America, which raised the target price for the shares to $83 from $73. Downgrades: Dave & Busters (NASDAQ: PLAY) was downgraded to Hold from Buy at Benchmark, without a price target. Payoneer Global (NASDAQ: PAYO) was cut to Neutral from Buy at Citigroup, with a $7.40 per share target. Nuvei is acquiring the company for that amount in cash. Rocket Companies (NYSE: RKT) was cut to Neutral from Buy at BTIG, without a target price. Roku (NASDAQ: ROKU) was downgraded to Neutral from Overweight at JPMorgan, with a $160 target price. Fox is acquiring the company for $160 per share. Tanger Factory Outlet Centers (NYSE: SKT) was downgraded to Underperform from Neutral at Bank of America, with an unchanged price target of $38. Initiations: Emerson Electric Company (NYSE: EMR) was started with a Neutral rating at DA Davidson, with a $145 target price. Flutter Entertainment (NYSE: FLUT) was initiated with an Outperform rating at Wedbush, with a $138 target price objective.
Genuine Parts Company (NYSE: GPC) was initiated with a Buy rating at DA Davidson, with a $145 target price for the shares. nVent Electric (NYSE: NVT) was started with a Buy rating at Melius Research, with a $214 target price. Spruce Biosciences (NASDAQ: SPRB) was initiated with a Buy rating at Guggenheim, with a $123 target price.
Dynatrace (DT) remains a buy as ARR stabilizes at $2.05B, with net new ARR showing early signs of acceleration. Three levers—DPS adoption, logs growth, and large enterprise deals—are positioned to drive ARR acceleration in FY27. DT trades at a discounted 4.6x forward revenue multiple versus peers at 7.6x, despite similar growth prospects.
Dynatrace (NYSE:DT) was given a ‘Buy’ rating from UBS as the bank’s analysts initiated coverage of the observability software provider, citing industry checks that point to improving demand trends, emerging artificial intelligence-related growth opportunities and what it views as an attractive valuation.
UBS set a $60 price target on the stock after speaking with more than 10 customers, partners and industry contacts. The firm said its findings support expectations for a modest acceleration in growth, driven by strong demand for Dynatrace's core application performance monitoring (APM) offerings, growing traction in log management products and early benefits from AI adoption.
UBS based its $60 price target on roughly 24 times its calendar 2027 free cash flow estimate, which it said reflects a valuation in line with comparable software peers.
The firm expects Dynatrace's annual recurring revenue (ARR) growth to accelerate over the next several years, forecasting growth of 16%, 17% and 18% in fiscal years 2027 through 2029, respectively. Those estimates compare with Wall Street expectations for ARR growth to slow from 16% to 14% and then 13% over the same period.
UBS wrote that investor sentiment toward the stock remains cautious despite what it sees as improving fundamentals. The firm noted that Dynatrace trades at approximately 4.3 times its calendar 2027 revenue estimate and 16 times its projected free cash flow.
According to UBS, customer and partner feedback suggests a healthy demand environment. All three Dynatrace partners surveyed reported accelerating growth in their observability practices during the March and April quarters, with growth rates ranging from 18% to 21% year over year, while also pointing to a stable or improving outlook through year-end.
The firm added that observability software appears to be gaining priority within corporate IT budgets, with Dynatrace and Datadog emerging as key beneficiaries. UBS noted, however, that it found little direct overlap between the two platforms among the organizations it contacted.
Artificial intelligence was another area highlighted in the report. UBS wrote that most respondents viewed Dynatrace as a likely beneficiary of AI adoption, although the impact remains in its early stages. Growth drivers cited included increased software development activity enabled by AI, adoption of Dynatrace's AI capabilities and emerging demand for tools that monitor large language models and AI agents.
The bank’s analysts estimated AI-related spending could increase customer spending by 10% to 20% over the next two to three years, potentially adding three to five percentage points to growth, with most of the benefit expected to materialize beginning in fiscal 2028.
UBS also downplayed concerns that AI could threaten Dynatrace's competitive position. Based on its checks, the firm said customers generally viewed the platform as having a substantial technical moat and reported little interest in moving away from it. While some observability functions could potentially be replicated with AI tools, respondents cited strong returns on investment and a lack of compelling reasons to switch providers.
One concern among investors has been Dynatrace's guidance for approximately 20% net new ARR growth in fiscal 2027, compared with growth closer to 10% in the second half of fiscal 2026. UBS acknowledged the skepticism but said its industry checks suggest the target is achievable.
The analysts identified Dynatrace's fiscal first-quarter 2027 earnings report, expected in August, as the next major catalyst that could influence investor sentiment and potentially support a re-rating of the shares.
BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR annually recognizes suppliers who exceed PACCAR’s 10 ppm quality standard, or the equivalent of 10 defective parts for every million components shipped to PACCAR. To qualify, suppliers must also meet demanding criteria for customer support and continuous improvement. For 2025, PACCAR recognizes 359 suppliers in 28 countries on five continents for achieving this high level of quality performance.
“PACCAR’s 10 ppm suppliers achieved and sustained exceptional quality in 2025, supporting our commitment to deliver the highest quality trucks and transportation solutions to our customers. This is a remarkable accomplishment given the dynamic market conditions,” said Stephan Olsen, PACCAR vice president of quality.
Laura Bloch, PACCAR senior vice president, said, “PACCAR’s top suppliers continued to improve quality while working on cost management in our competitive landscape. PACCAR develops strong supplier partnerships and is proud to recognize and congratulate these suppliers for achieving 10 ppm quality.”
The list of PACCAR’s 2025 10 ppm award winners worldwide can be found at www.paccar.com.
PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are listed on Nasdaq Stock Market, symbol PCAR. Its homepage is www.paccar.com.
Does Interactive Brokers' global scale, automation and profitability make it the steadier bet, while Robinhood's growth story carries higher risk? Let's find out.
LONDON, June 16, 2026 (GLOBE NEWSWIRE) -- More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to the latest report by Willis, a WTW business (NASDAQ:WTW). Cyber claims in Focus – Getting value from cyber insurance analyses 5,500 cyber claims occurring from January 2013 to January 2026 across 95 countries, and around US$1 billion in insurer payments.
Data breaches are the most frequently reported cyber insurance loss, with malicious data breaches accounting for the majority of incidents. Ransomware losses register the highest financial severity, predominantly driven by the disrupted productivity and prolonged downtime that follows incidents. Third-party vendors are responsible for an increasing proportion of losses, and systemic risk from single‑vendor incidents impacting multiple organizations remains a critical concern.
Other key findings include:
The average ransomware event lasts 25 days and the average loss is $5.3 million, with the largest single loss now exceeding $500 million.Artificial intelligence isn't yet appearing as a stand-alone driver of cyber insurance claims but is fueling risk volatility by materially amplifying existing threats such as social engineering, deepfake phishing and ransomware attacks.Events where attackers target organizations’ systems directly account for 58% of ransomware notifications and 95% of total costs, while vendor-led incidents account for 42% of notifications but only 5% of costs.Business interruption losses and ransom payments represent the two largest cost elements for ransomware events. Average ransom demands are now US$3.8 million versus an actual payment of US$1.5 million.Third parties are responsible for nearly 50% of data breach losses and 29% of first-party losses.Pixel-tracking litigation is the hidden cyber insurance risk, with some cases leading to substantial losses across the wider cyber insurance market. The report includes industry spotlights on financial institutions, healthcare, transportation and manufacturing.
Peter Foster, chairman, global FINEX cyber and cyber risk solutions at Willis, said: "Cyber insurance cover varies widely, which is why organizations must understand what they have in place and ensure it aligns with their risk exposures. When cover doesn’t reflect reality, organizations risk critical gaps where protection is needed most, while paying for cover that offers little real value. To get the strongest value from cyber insurance, consideration must reflect the claims patterns seen across the market. Our analysis of claims and loss data provides hints to understand how cyber losses occur and what that means, helping organizations to prioritise the most material scenarios and design coverage around these realities.”
The report can be downloaded here.
About WTW
At WTW (NASDAQ: WTW) we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
On June 16, 2026, we conducted a discounted cash flow (DCF) analysis for Waste Management Inc WM , a company that has seen a slight increase of 0.4% over the past week but has experienced a decline of 6.8% over the last year. This analysis will provide insights into the intrinsic value of WM based on its earnings and free cash flow, along with a comparison to GuruFocus' proprietary metrics.
DCF Earnings-based intrinsic value: $131.61 vs current price: $216.94 (margin of safety: -64.8%) DCF FCF-based intrinsic value: $102.81 (significantly overvalued) GF Score™: 87/100 indicates high reliability of DCF inputs What Is WM Worth? DCF Earnings-Based Model The DCF earnings-based model for Waste Management Inc WM utilizes a two-stage approach to estimate its intrinsic value. The first stage encompasses a growth phase lasting 10 years, during which the company's earnings per share (EPS) is expected to grow at an annual rate of 11.1%. The second stage represents a terminal phase, where growth is projected to slow to 4% for an additional 10 years. The discount rate applied throughout the model is 11%, which is derived from the risk-free rate and equity risk premium.
Parameter Value Current EPS (TTM, excl. non-recurring) $7.64 10-Year Growth Rate 11.1% 10-Year Treasury Rate 4.44% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the DCF earnings-based model is as follows:
Stage Description Value Growth Stage (Years 1-10) EPS growing at 11.1%, discounted at 11% $76.78 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $54.83 Intrinsic Value Growth + Terminal $131.61 With a current price of $216.94, the intrinsic value of $131.61 indicates that Waste Management Inc is modestly overvalued, with a margin of safety of -64.8%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research shows that stock prices correlate more closely with earnings than with free cash flow. For more detailed calculations, visit the WM DCF Calculator.
What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for Waste Management Inc is calculated to be $102.81. When comparing this to the earnings-based intrinsic value of $131.61, the two models provide differing perspectives on the company's valuation. The FCF model indicates that WM is significantly overvalued, with a margin of safety of -111.0%.
How Does GF Value™ Compare to the DCF Models? The GF Value™ for Waste Management Inc is calculated at $244.85, suggesting that the stock is undervalued by 11.4%. GF Value™ is a proprietary measure from GuruFocus that is derived from historical trading multiples, past business growth, and future performance estimates. While the DCF earnings and FCF models indicate overvaluation, the GF Value™ presents a contrasting view, suggesting that there may be potential upside. For more information, visit the GF Value™ page.
What Does WM's GF Score™ Tell Us? The GF Score™ for Waste Management Inc stands at 87 out of 100, indicating a strong potential for long-term returns based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have historically generated better returns. The predictability rank for WM is 1 out of 5 stars, suggesting that the DCF model may be less reliable for this stock.
Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Additionally, stocks with low predictability ratings, such as WM's 1 out of 5 stars, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future economic conditions.
What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—the consensus indicates that Waste Management Inc is overvalued based on the DCF models, while the GF Value™ suggests a potential undervaluation. Overall, investors should approach WM with caution given the mixed signals from the valuation analyses. For the full DCF analysis, visit the WM DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.
Frequently Asked Questions What is WM's intrinsic value based on DCF?
earnings-based $131.61, FCF-based $102.81
Is WM overvalued or undervalued?
Based on the DCF models, WM is overvalued, while GF Value™ suggests it is undervalued.
How reliable is the DCF model for WM?
The predictability rank of 1 out of 5 indicates that the DCF model may be less reliable for WM.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Waste Management (NYSE:WM | WM Price Prediction) is a stock worth owning for decades because it sits on top of an irreplaceable physical network that prints predictable, inflation-protected cash flow no matter what the broader market does. I have been studying WM for years, and the recent industrial-led pullback that has pushed shares to $216.74, well off the $246.08 52-week high, is exactly the kind of dislocation long-term owners wait years for.
Pillar One: Durability That Cannot Be Replicated You cannot build another WM. Landfill permits take decades to secure, transfer stations sit on irreplaceable real estate, and municipal collection contracts renew with embedded pricing escalators. CEO Jim Fish describes it as an “unreplicable solid waste network” and the math backs him up: WM grew core pricing 6.3% in Q1, expanded collection and disposal margins 110 basis points to 38.5%, and noted that MSW yield came in at 6.9% as competitor landfill capacity comes offline. That is monopoly economics in a regulated industry, paired with a CNG truck fleet that has structurally reduced diesel exposure.
Pillar Two: Income You Can Set and Forget WM has raised its dividend every year from 2009 through 2026, representing 17+ consecutive years of annual increases. The quarterly payout just stepped up to $0.945, an annual run rate of $3.78. Behind the dividend sits enormous cash generation: Q1 free cash flow nearly doubled year over year to $920 million, full-year 2026 FCF guidance is $3.75 billion to $3.85 billion, and management plans to return roughly $3.5 billion to shareholders this year, split between $1.5 billion in dividends and $2 billion in buybacks. In Q1 alone, WM returned about $730 million to owners. The dividend is a byproduct of that cash machine.
Pillar Three: It Survives Every Cycle Trash does not stop in a recession. WM’s beta of 0.457 tells you how the stock behaves when markets convulse, and the Q1 results, delivered through a brutal East Coast winter that shut some facilities for as many as 10 days, still produced net income growth of 13.5%. Recycled commodity prices collapsed from $88/ton to $65/ton year over year and the recycling segment still grew EBITDA 18% thanks to automation. Over the past decade, shares have returned 317% through two bear markets, a pandemic, and a rate-hike cycle.
When WM Will Disappoint You WM will lag, badly at times, when speculative growth and AI names rip. In the year since June 2025, shares are down 6% while the broader market climbed. That is the price of admission for a defensive compounder, and it does not change the thesis. You are buying WM so that the income shows up and the network keeps compounding while everything else swings, accepting that it will lag the Invesco QQQ Trust (NASDAQ:QQQ) in a melt-up.
Worth noting: eight directors bought stock on May 15, 2026 at $220.71 per share. Boards rarely line up like that unless they see the same thing patient owners see, which is a high-quality compounder marked down by a market focused elsewhere. For investors who believe predictable cash flow and an irreplaceable physical network outweigh the opportunity cost of lagging during AI-led rallies, WM fits a long-duration, income-reinvestment mandate.
From ETF Pioneer to a Modern Financial Platform Built for the Future of Investing
NEW YORK--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, today celebrates its 20-year anniversary, marking two decades of challenging industry conventions, expanding investor access, and building a diversified modern asset management platform designed for the future of finance.
On June 16, 2006, WisdomTree launched its first 20 exchange-traded funds (ETFs) with a differentiated approach to index construction and portfolio design. Rather than simply replicating market capitalization-weighted indexes, WisdomTree introduced fundamentally weighted and income-focused strategies designed to combine the efficiency of passive investing with active insights — an approach the firm described as Modern Alpha®.
Over the past 20 years, WisdomTree has evolved from an ETF pioneer into a diversified global financial platform spanning exchange-traded products (ETPs), models and SMA strategies, private market solutions, and tokenized and blockchain-enabled financial products. Today, the firm serves investors and financial professionals globally through a growing suite of differentiated investment solutions built on modern financial infrastructure.
“Twenty years ago, we started WisdomTree with the belief that investors deserved something better — smarter exposures, better structures, more thoughtful portfolio construction, and a firm willing to innovate ahead of where the industry was going,” said Jonathan Steinberg, Founder and CEO of WisdomTree. “That mindset still defines us today, but what’s exciting is how much larger the opportunity has become.”
Steinberg continued, “Our first 17 years were about building the foundation and establishing ourselves as a leader in ETFs. We crossed $100 billion in assets under management during that period. Over the last three years alone, we have added another approximately $75 billion in AUM, reflecting accelerating momentum across the business and the broadening of our platform.”
“Today, we have more ways to win than at any point in our history,” Steinberg added. “We are innovating across ETPs, active solutions, models and SMAs, digital assets, tokenization, and private assets within the ETF wrapper. We are no longer simply participating in the evolution of asset management — we are helping drive it.”
WisdomTree’s growth and evolution over the last two decades have been supported by strategic investments designed to diversify capabilities, expand client reach, and position the firm at the intersection of asset management and financial technology.
Over the Last 20 Years, WisdomTree Has Expanded Its Capabilities Through:
Strategic Growth and Diversification Expanding into private markets through the acquisition of Ceres Partners, a premier U.S. farmland investment manager and family farmer partner Enhancing active ETF, derivatives, and defined outcome capabilities through the acquisition of Atlantic House Expanding WisdomTree’s Models and Portfolio Solutions platform and deepening adviser relationships globally Broadening product capabilities across active, thematic, fixed income, leveraged, and alternatives strategies Digital Assets and Modern Financial Infrastructure Advancing blockchain-enabled financial services and tokenized real-world asset initiatives Expanding access to tokenized products through WisdomTree Connect™ and WisdomTree Prime® Positioning WisdomTree to become a leader in onchain registered funds and next-generation financial infrastructure Building capabilities designed to bridge traditional finance and decentralized financial ecosystems People, Culture, and Global Scale Building a culture rooted in innovation, collaboration, accountability, and entrepreneurial thinking Supporting employees through a flexible, outcome-driven Work Smart culture focused on performance, growth, and wellness Expanding global teams dedicated to serving investors and financial professionals worldwide While WisdomTree’s business has evolved significantly over the past two decades, the firm’s focus remains consistent: delivering differentiated investment solutions while continually expanding access, innovation, and client outcomes.
“We are leveling up as a firm,” said Steinberg. “We are stronger, more diversified, more global, and more strategically positioned than ever before. What began as an ETF innovator has evolved into a fierce global competitor and a force to be reckoned with across asset management.”
“The best is yet to come,” Steinberg concluded. “We believe the next decade of investing will look dramatically different than the last, and WisdomTree is being built for that future. We intend to continue responsibly pushing boundaries, expanding access, embracing new technologies, and helping investors navigate change with clarity, efficiency, and confidence.”
About WisdomTree
WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners’ U.S. farmland platform.
* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.
WisdomTree currently has approximately $164.8 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.
For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.
Please visit us on X at @WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY
The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.
WisdomTree Investments marked 20 years of operation this week, per a release from the firm. The firm launched its first 20 ETFs on June 16, 2006, with an approach the firm called “Modern Alpha.” That approach entails fundamentally weighted, income-focused strategies that look to marry passive and active strengths.
Key Takeaways: WisdomTree’s 20th anniversary comes as it celebrates more than $160 billion in global AUM. The firm’s top ETF by AUM, USFR, has some $17.4 billion of that. The shop has also dived into SMAs, models, private markets, and blockchain-enabled offerings. WisdomTree currently has approximately $164.8 billion in assets under management globally, according to the release. That includes assets managed by Ceres Partners, LLC, as of last financial reporting.
The 20-year anniversary for the shop comes as its WisdomTree Floating Rate Treasury Fund (USFR) sits as its largest ETF by AUM. The ETF has $17.5 billion in AUM, according to ETF Database data, with the strategy representing an intriguing fixed income option.
The asset manager, which began with ETFs, now also offers SMAs, model portfolios, and private market solutions, per the release.
““Twenty years ago, we started WisdomTree with the belief that investors deserved something better — smarter exposures, better structures, more thoughtful portfolio construction, and a firm willing to innovate ahead of where the industry was going,” said Jonathan Steinberg, founder and CEO of WisdomTree.
“Our first 17 years were about building the foundation and establishing ourselves as a leader in ETFs,” he added. “We crossed $100 billion in assets under management during that period. Over the last three years alone, we have added another approximately $75 billion in AUM, reflecting accelerating momentum across the business and the broadening of our platform.”
See more: WisdomTree Office Hours: Unlocking Value in Laddered Munis The firm’s suite of ETFs and other products will continue to hold an important place in the ETF landscape. From USFR to its other funds, its modern alpha approach could continue to intrigue in a competitive landscape.
For more news, information, and analysis, visit the Modern Alpha Content Hub.
Western Union (WU - Free Report) closed the most recent trading day at $7.26, moving -3.07% from the previous trading session. This change lagged the S&P 500's 0.57% loss on the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, lost 1.15%.
The money transfer company's stock has dropped by 11.47% in the past month, falling short of the Business Services sector's gain of 0.13% and the S&P 500's gain of 2.14%.
The investment community will be paying close attention to the earnings performance of Western Union in its upcoming release. The company's earnings per share (EPS) are projected to be $0.43, reflecting a 2.38% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.04 billion, up 1.51% from the year-ago period.
WU's full-year Zacks Consensus Estimates are calling for earnings of $1.76 per share and revenue of $4.26 billion. These results would represent year-over-year changes of +0.57% and +5.21%, respectively.
Investors should also note any recent changes to analyst estimates for Western Union. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Currently, Western Union is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Western Union is currently trading at a Forward P/E ratio of 4.26. Its industry sports an average Forward P/E of 10.55, so one might conclude that Western Union is trading at a discount comparatively.
We can also see that WU currently has a PEG ratio of 0.96. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial Transaction Services industry currently had an average PEG ratio of 0.77 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 57, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Wave Life Sciences (WVE - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Wave Life Sciences basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Wave Life Sciences imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Wave Life SciencesThis biopharmaceutical company is expected to earn -$1.16 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for Wave Life Sciences. Over the past three months, the Zacks Consensus Estimate for the company has increased 12.5%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Wave Life Sciences to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
June 16, 2026 16:01 ET | Source: WW International Inc.
The collaboration brings clinical and behavioural weight management together, offering UK members a more integrated path to sustainable weight loss.
CheqUp becomes the dedicated partner for weight-loss treatment, including access to CheqUp’s clinical service in the UK, mirroring the integrated clinical model in the US.
NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- WW International, Inc (Nasdaq: WW) (“Weight Watchers”), the global leader in science-backed weight management, and CheqUp, the UK’s leading digital weight health platform, today announced a significant expansion of their partnership, bringing together best-in-class behavioural and clinical support for people on a weight management journey in the UK.
The two organisations first joined forces to offer Weight Watchers’ market-leading behavioural programme to CheqUp members in 2025. Now, the relationship is evolving into a more integrated, two-way partnership. Weight Watchers members in the UK will be able to access a CheqUp consultation seamlessly from the Weight Watchers website, enabling them to sign up to CheqUp's medical weight loss programme where clinically appropriate. Simultaneously, all CheqUp members will continue to receive access to the Weight Watchers app and Weight Watchers Core+ programme. Where applicable this includes Weight Watchers GLP-1 Companion Programme which has been specifically designed to support people taking weight-loss medication, with guidance from experts on food recommendations while supporting healthy weight loss.
The announcement comes as the National Health Service (NHS) recently expanded access to weight-loss medications to more than a million people in England with heart health issues1, reflecting growing recognition that GLP-1 medication can meaningfully reduce the risk of serious conditions such as heart attacks and strokes. Weight Watchers and CheqUp are aligned in their belief that medication is only one part of the answer. Long-term progress requires clinical oversight, behaviour change and a broader understanding of health markers all working in tandem.
A More Connected Weight Health Experience
For CheqUp members, the Weight Watchers app forms part of a more connected health journey. The app provides daily accountability backed by decades of behavioural science, enabling users to track medication doses, nutrition intake and activity, and connecting seamlessly with devices including Apple Health, Fitbit and Garmin.
This integrated experience is designed to bring UK members closer to the holistic model already available to Weight Watchers members in the United States, where clinical and behavioural support have long been offered as a combined offering.
One Year On: The GLP-1 Companion Programme Continues to Deliver
Since its launch in the UK in May 2025, the Weight Watchers GLP-1 Companion Programme has become an essential companion for members using weight loss medication. Built around four core pillars – personalised nutrition, medication tracking, strength and muscle support, and community accountability – the programme has seen strong and growing engagement in the year since launch.
The results speak for themselves: 85% of GLP-1 Companion Programme U.S. members say Weight Watchers makes it easier to get healthy and 81% describe Weight Watchers as the perfect partner on their GLP-1 journey. All CheqUp members continue to benefit from full, complimentary access to this programme as part of the deepened partnership. These results are based on customer survey responses from US members who were taking GLP-1 medications.
“This expanded partnership represents a meaningful step forward in how we support members on their weight loss and health journey in the UK,” said Scott Honken, Chief Commercial Officer at Weight Watchers. “For too long, clinical and behavioural support have operated in silos, resulting in people falling through gaps. By deepening our relationship with CheqUp, we’re bringing together the best of both worlds: world-class medical weight loss programme access, combined with the behavioural science and community accountability that Weight Watchers is known for. This is what holistic weight health looks like in practice and we’re proud to be making it available to our UK members.”
“CheqUp was founded on the belief that sustainable weight health is never just about medication,” said Lisa Tookey, CEO of CheqUp. “It requires clinical rigour, behavioural support and a clear view of your wider health. The extension of our partnership with Weight Watchers reflects exactly that philosophy. Together, we’re building a more connected Weight Health ecosystem in the UK, bringing clinical treatment and behaviour change into a single, seamless experience. We’re delighted to be taking this next step with one of the most trusted names in weight management.”
Notes to editors:
1 Source: NHS England » Over a million people could be offered Wegovy to cut heart attack and stroke risk on the NHS
ABOUT WEIGHT WATCHERS
Weight Watchers is the global leader in science-backed weight management, offering an integrated support system built for the GLP-1 era that combines scientific expertise, medication, cutting-edge technology, and human connection. With more than 60 years of experience, Weight Watchers is the most studied commercial weight management program in the world, delivered through its No. 1 U.S. doctor-recommended weight-loss program. Its holistic, personalized approach also includes U.S.-based clinical interventions and access to GLP-1 medications when clinically appropriate, and a global network of coaches and community support. Since 1963, the company has led with science to deliver its members the personalized support they need to reach and sustain their goals. Members can access these solutions directly, or through Weight Watchers for Business’ full-spectrum platform for employers, health plans, and payers. In a landscape crowded with contradictory advice, isolating apps, and one-size-fits-all solutions, Weight Watchers offers a proven path forward that is rooted in research, grounded in empathy and designed to help every member feel better in their body and live a longer, healthier life. For more information, visit weightwatchers.com.
ABOUT CHEQUP
CheqUp is a leading provider of weight loss services in the UK. Their CheqUp method offers a range of treatment plans and the UK's most comprehensive support programme, which includes one-on-one coaching with experienced health coaches. CheqUp empowers individuals to take charge of their health through accessible and evidence-based solutions.
FILE PHOTO: Coal barges are pictured as they queue to be pulled along Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. Picture taken August 31, 2019.... Purchase Licensing Rights, opens new tab Read more
SummaryLNG crunch pushes Newcastle coal index to near 2-year highIndonesia output down, policy chaos seen driving exports lowerEl Nino could fuel Asian demand surgeRussia supply woes add to tightening global coal marketSINGAPORE/BEIJING, June 16 (Reuters) - A deadly mining accident in China's biggest coal-producing region and mounting policy chaos around Indonesian exports are choking global supplies, which analysts and industry officials say could boost prices as liquefied natural gas (LNG) supplies remain tight due to the U.S.-Israeli war on Iran.
The war in Iran halted shipping in the Strait of Hormuz - through which, during normal times, a fifth of global oil and LNG supplies passes - triggering purchases of high-grade coal by Japan and South Korea and pushing the Newcastle benchmark to near two-year highs of over $150 a metric ton.
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However, purchases of lower-grade coal - typically from top exporter Indonesia - have been soft due to tepid demand from China and India, which have leaned upon sufficient inventories and renewable output to meet power demand.
That is changing after a fatal explosion at a Shanxi mine last month, analysts say, with the accident triggering sweeping safety inspections in the province and tightening domestic supplies.
China's June thermal coal imports are expected to rise 27.6% from a year earlier to 27.8 million metric tons to meet higher seasonal demand as local supply tightens, DBX Commodities CEO Alexandre Claude said - a substantial increase relative to tepid demand until May.
In addition, Indonesia's plan to bring all coal exports under the control of a new state-run company called Danantara has compounded the uncertainty.
"Shanxi safety curbs, Indonesia's Danantara transition tightened seaborne supply," Claude said. "The inventory cushion has thinned. With demand firm and supply constrained, near-term price risk remains skewed to the upside."
For the first four months of this year, Indonesia's thermal coal production was down 7% from a year earlier, said Scott Dendy, the executive director at McCloskey, a consultancy. He added that exports could decline by about 11% this year to 446 million tons if production tracks current pace.
The disruptions come as Southeast Asian economies that typically buy Indonesian coal are cranking up their coal-fired power capacity.
Hotter weather is driving higher coal use in Vietnam and the Philippines, while tighter gas supplies in Thailand are expected to push imports higher this year, said Vasudev Pamnani, director at India-based I-Energy Resources.
FALLOUT FROM IRAN WAR, EL NINO INCOMINGThe fallout from the Iran war alone is expected to drive an additional 70 million tons of coal consumption across the Asia-Pacific region in 2026, consultancy Rystad Energy said in a June note.
While LNG supplies are expected to rise after the U.S. and Iran agreed on a framework to reopen the Strait of Hormuz, officials say a return to normal supply levels will take weeks and getting back to pre-war production levels could take years.
That additional demand comes as global supply is expected to decline 5.7% to 985 million tons in 2026, said Bryan Lim, business development manager at Argus, a consultancy, with analysts expecting an approaching El Nino to further boost demand.
Peng Qihua, associate professor at Nanjing University's School of Atmospheric Sciences, said drought-like conditions in northern China could hurt hydropower output and hotter weather could drive air-conditioning demand.
Lower hydropower output typically pushes coal use higher in China. And major coal producers are also facing issues affecting their exports, McCloskey's Dendy said.
In Russia, the world's third-largest coal exporter, output is down as roughly two-thirds of producers are operating at a loss due to a stronger rouble and rising transportation costs, he said.
Dendy expects Australia's exports to rise this year, but analysts expect higher mining costs and restricted diesel supplies to choke output.
South Africa is drawing increased interest from Indian buyers seeking alternatives to uncertain Indonesian supplies, Pamnani said, but DBX expects "lumpy vessel clearances and shipment timing" to hurt exports in June.
Reporting by Sudarshan Varadhan in Singapore and Sam Li and Colleen Howe in Beijing; Editing by Thomas Derpinghaus
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Sudarshan currently reports on the evolving energy landscape in Asia, as the region tries to strike a balance between ensuring reliable electricity supply and fighting climate change. In his previous avatar, he reported on sanctions-era global trade, human rights violations, labor movements, environmental offences and natural disasters in India for six years. During his nine years as a Reuters correspondent, he has attempted to lend a global perspective to small-town issues.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE), North America’s largest provider of the cleanest fuel for the transportation market, announced it has been awarded two separate contracts to design and install liquefied natural gas (LNG) fueling systems for gas-to-power applications in Puerto Rico. The projects signed with P.R. Energy Partners and a global healthcare supplier will provide energy security and resiliency to both companies.
"These projects demonstrate the reliability and scalability of our engineered LNG solutions and will help strengthen energy resilience on the island.”
Share Under the agreement with the healthcare products supplier, Clean Energy will provide LNG station equipment and installation to support its local pharmaceutical manufacturing operations. The company has committed to ensuring energy reliability for its operations in Puerto Rico choosing natural gas and an LNG station as its dependable energy source for its operations.
Clean Energy has also entered into an agreement with P.R. Energy Partners, a Puerto Rican end-to-end energy solutions distributer and infrastructure developer. For this project, Clean Energy will design and build an LNG supply station that will fuel a six-megawatt combined heat and power plant (CHP) supporting their luxury residential and hotel operations in Puerto Rico.
“P.R. Energy Partners is committed to providing our customers with clean, reliable power as well as contributing to a more robust and stable energy grid for our island of Puerto Rico,” said Eduardo M. Cortes, Managing Partner at P.R. Energy Partners.
“There are several firsts for Clean Energy with these two agreements as we expand our LNG infrastructure offering to a new customer base in Puerto Rico,” said Sean Columbia, General Manager of CE Technologies at Clean Energy. “Being chosen as the trusted partners and experts in natural gas & LNG supply systems is a confirmation of our expansion into different energy services. These projects demonstrate the reliability and scalability of our engineered LNG solutions and will help strengthen energy resilience on the island.”
These agreements mark Clean Energy’s first LNG supply infrastructure deals in Puerto Rico, together fueling 10-megawatts of total installed power.
By delivering modular LNG fueling infrastructure, Clean Energy allows customers to transition to more dependable energy systems and can deliver both primary and backup power across diverse applications, including manufacturing facilities, hospitals, data centers, port operations during LNG marine bunkering, industrial zones, and power generation sites in grid-constrained markets.
LNG is a cleaner-burning fuel that helps reduce emissions compared to traditional energy sources like diesel or fuel oil. By switching to LNG, companies can support better air quality while maintaining reliable and efficient power for their operations.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived by capturing methane from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada as well as RNG production facilities at dairy farms. Visit www.cleanenergyfuels.com and follow @ce_renewables on X and LinkedIn.
Forward-Looking Statements
This news release contains 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, that involve risks, uncertainties and assumptions, including without limitation the timing and scope of design and installation projects; the security, resiliency, reliability, scalability, efficiency, and dependability of Clean Energy’s and its partners’ offerings; the amount of LNG to be supplied; and the environmental and other benefits of LNG. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
A tree decorates the lounge of Houston-based liquefied natural gas company Cheniere during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 13, 2023. REUTERS/Chris... Purchase Licensing Rights, opens new tab Read more
CompaniesHOUSTON, June 16 (Reuters) - Cheniere Energy (LNG.N), opens new tab does not expect developing countries to rely solely on the U.S. for their energy security, its Chief Financial Officer, Zach Davis, said on Tuesday.
“I don’t see many countries in the developing world, especially at this moment in time, trusting 100% of their energy security to the U.S.,” Davis told an engineering, procurement and construction conference in Houston.
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His comments came as details started to emerge of an interim deal to end the U.S.-Iran war and reopen the Strait of Hormuz, a key waterway that carried roughly 20% of global oil and gas supplies before it was blocked off by the conflict earlier this year. Qatar's LNG exports, which flow through the strait, have been severely disrupted since.
Davis said diversification of liquefied natural gas supply is critical for emerging economies, helping ensure affordability and reduce risks to supply. He added that Qatar plays an important role in global LNG markets and said Cheniere would welcome its fuller return, as it would enhance supply diversity.
Qatar’s LNG is typically priced against Brent crude, unlike U.S. cargoes which are linked to Henry Hub gas prices, offering buyers a wider range of pricing options, Davis said.
Cheniere, the largest LNG exporter in the U.S. and the world’s second-largest producer, is prioritizing long-term demand growth over short-term gains from elevated LNG prices, he added.
“Creating demand is more important than capturing margins in the current price environment,” Davis said.
He said the company remains disciplined in its expansion strategy, focusing on shareholder value rather than scale.
While Cheniere has the financial capacity to fund a $20 billion expansion, it has opted to approve a smaller, roughly $6 billion expansion at its Sabine Pass facility.
“We’re focused on creating value, not chasing the title of the world’s largest LNG company,” Davis said.
Reporting by Curtis Williams in Houston; Editing by Chizu Nomiyama and Nathan Crooks and Aurora Ellis
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Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesCAPE TOWN, June 17 (Reuters) - Exxon Mobil (XOM.N), opens new tab has signed a preliminary deal to supply liquefied natural gas to South Africa's Zululand Energy Terminal, which will be the country's first LNG import facility once built, the companies said on Wednesday.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
The planned terminal is part of South Africa's pivot away from coal-fired power generation, which accounts for the bulk of the country's electricity supply.
Reuters reported in March that the Zululand Energy Terminal (ZET) hoped to strike a deal with Exxon Mobil on LNG supplies in the coming months.
The participation of Exxon Mobil helps reinforce the importance of Richards Bay port, where ZET is being built on South Africa's east coast, as an entry point for LNG and supports plans to unlock a "competitive and sustainable gas market", said Oliver Naidu, ZET director.
Exxon Mobil has identified South Africa as a priority market and wants to grow its LNG supply to more than 40 million metric tons per annum by 2030.
"This agreement reflects Exxon Mobil's global LNG experience and our commitment to support South Africa's energy security with reliable supply," said Andrew Barry, chairman of ExxonMobil LNG Market Development Inc.
Earlier this month South African state power utility Eskom signed a long-term LNG agreement with ZET that will support a planned 3,000 megawatt gas-to-power plant project.
Reporting by Wendell Roelf in Cape Town and Sheila Dang in Houston; Editing by Alexander Winning
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NEW YORK--(BUSINESS WIRE)--Perfect Corp. (NYSE: PERF), the global leader in AI and augmented reality (AR) beauty technology, today announced the expansion of its YouCam API platform to feature the industry's most comprehensive AI Hair & Beard API portfolio. With 11 dedicated hair and beard APIs now available, Perfect Corp. is the only provider on the market to offer a complete suite spanning both virtual try-on and AI-powered hair diagnostics in a single, developer-ready integration. Settin.
Perfect Corp. Launches Industry's Most Comprehensive AI Hair & Beard API Suite, Combining Virtual Try-On with Intelligent Hair Analysis Perfect Corp. (NYSE: PERF), the global leader in AI and augmented reality (AR) beauty technology, today announced the expansion of its YouCam API platform to feature the industry’s most comprehensive AI Hair & Beard API portfolio. With 11 dedicated hair and beard APIs now available, Perfect Corp. is the only provider on the market to offer a complete suite spanning both virtual try-on and AI-powered hair diagnostics in a single, developer-ready integration.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260616828286/en/
Perfect Corp. Launches Industry’s Most Comprehensive AI Hair & Beard API Suite, Combining Virtual Try-On with Intelligent Hair Analysis
Setting a New Standard in Hair Intelligence
As consumer demand for hyper-personalized beauty experiences accelerates across e-commerce, haircare, and wellness platforms, brands and developers are under pressure to deliver intelligent hair features at scale — without building proprietary AI from scratch. The YouCam API Hair & Beard suite directly addresses this gap, enabling any platform to integrate sophisticated hair intelligence in days, not months.
“Hair is one of the most personal and emotionally significant aspects of appearance, yet it has been dramatically underserved by the developer API ecosystem,” said Alice Chang, CEO and Founder of Perfect Corp. “With 11 purpose-built APIs covering everything from hairstyle try-on to frizz detection, we’re giving developers the most powerful and complete hair intelligence toolkit available anywhere — fully production-ready and accessible from day one.”
The Most Complete Hair & Beard API Portfolio on the Market
Virtual Try-On & Style Simulation (7 APIs): AI Hair Color Virtual Try-On with unlimited color options; AI Hairstyle Virtual Try-On supporting short cuts, wolf cuts, pixie cuts, and more; AI Hair Extension Virtual Try-On across lengths, styles, colors, and bangs; AI Bangs Filter Virtual Try-On for previewing curtain bangs, fringe, and short or long hair with bangs; AI Hair Volume Virtual Try-On for enhancing fullness and thickness in any photo; AI Wavy Hair Virtual Try-On simulating beach waves, soft curls, and bold voluminous styles; and AI Beard Style Generator for visualizing beard shapes and lengths in real time. AI Hair Diagnostics & Analysis (4 APIs): AI Hair Type Detection for classifying straight, wavy, curly, and kinky hair; AI Hair Length Detection for automated measurement from a photo; AI Hair Frizziness Detection across four distinct grades; and AI Hair Density Detection categorizing scalp exposure and hair distribution into four density grades. No other API platform combines styling simulation and diagnostic intelligence under a single integration.
AI-Native: Built for the Agentic Era
All YouCam APIs support native Model Context Protocol (MCP), enabling direct integration into AI agents and LLM-powered workflows — including Claude and Cursor — with no complex documentation overhead. Developers can obtain a free API key and begin testing immediately via the YouCam API Playground.
To learn more about YouCam API Hair & Beard solutions, please visit: https://yce.perfectcorp.com/ai-api
About Perfect Corp.
Perfect Corp. (NYSE: PERF) is a global leader in AI and AR technology, redefining creativity across beauty, fashion, skincare, and digital content creation. Its YouCam suite of apps has been downloaded over 1.1 billion times globally, empowering users to create, edit, and express themselves through photo, video, and generative AI tools. The YouCam platform also includes a powerful web-based editor and a suite of developer APIs, providing creators, brands, and technology partners with seamless access to content creation capabilities across platforms.
For brands and professionals, Perfect Corp. offers an award-winning portfolio of enterprise technologies, including virtual try-on experiences for makeup, hair, jewelry, watches, and fashion accessories, as well as AI-powered skin and hair analysis.
With a brand portfolio that includes YouCam and Skincare Pro, and a network of over 800 global brand partners, Perfect Corp. is transforming the beauty experience through personalized, immersive, and intelligent innovation.
For more information, visit perfectcorp.com and follow @Perfect-Corp.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260616828286/en/
1. Qualcomm Eyes Tenstorrent Buyout The Information reports Qualcomm (QCOM 3.05%) is in talks to buy AI chip start-up Tenstorrent to target new markets, while its CEO revealed the company is also working on over 40 designs of new AI devices, as commercial use cases expand. Recommended by both Team Hidden Gems and Team Rule Breakers, the stock rose around 4% in pre-market trading.
Acquisition would reduce dependence on the cyclical handset market: The purchase of Tenstorrent, expected to be in the $8 billion to $10 billion range, would allow Qualcomm to pursue other growing market segments, such as data center processors and autonomous vehicle chips. "All the devices that we wear become endpoints for agents": Qualcomm CEO Cristiano Amon said his company is trialing various wearable tech devices, ranging from jewelry to earbuds with cameras. In particular, he's very optimistic about the growth of smartglasses. 2. Nvidia Set to Launch Historic Bond Sale Nvidia (NVDA 2.16%) disclosed plans for a capital raise, with sources saying at least $20 billion in debt will be targeted. A company spokesperson noted the proceeds will be used "for general corporate purposes."
First bond sale since the AI boom started in 2021: The move follows the likes of Alphabet (GOOG +1.19%) and Amazon (AMZN +0.05%), both tapping capital markets recently for additional funds to pursue AI infrastructure and related projects. "Nvidia is looking to return 50% of the company's cash flow to shareholders in the forms of stock buybacks and dividends": The move shouldn't be interpreted as a sign of cash flow problems, with Fool contributing analyst Danny Vena, CPA, saying "when I look at the fact that they just boosted their dividend 25-fold, Nvidia just became my biggest dividend payer in my portfolio."
3. AMD Jumps on MEXT Memory Purchase
Advanced Micro Devices (AMD 7.05%) closed yesterday 7% higher as news broke of it acquiring MEXT, a memory tech company, enabling improved system efficiency and lower operating costs going forward.
"Customers are increasingly facing a common challenge: access to memory": As AMD acknowledged the memory-related bottlenecks, MEXT has developed innovative AI-powered predictive memory technology that expands usable memory capacity without compromising performance. Rising memory prices present an ongoing headache: The need to find solutions for the elevated cost of memory is clear, with AMD saying every category of enterprise compute now requires it. The stock is outperforming the S&P 500 by 154% since the January 2024 Stock Advisor recommendation by Team Rule Breakers. 4. Tell the SEC: Individual Investors Deserve More Information, Not Less The SEC is proposing to cut your information in half. The agency wants to allow public companies to switch from quarterly to semiannual financial reporting – reducing the information you receive from the businesses you own from four times a year to two.
The stated rationale doesn't hold up. This change has been tested in the real world. When the UK tried it, companies didn't invest more long term. Executives didn't stop chasing short-term targets. All that changed was that individual investors had less information to work with.
Your voice can stop it. The SEC's public comment window closes July 6, 2026. Submit a comment, mention The Motley Fool Community, and tell the SEC that individual investors deserve more transparency, not less.
We've done this before. Twenty-six years ago, this community helped change federal securities law. Fools wrote the majority of the comment letters that got Regulation Financial Disclosure (Reg FD) passed. We can do it again. #Savethe10Q!
"I strongly agree that this is a bad move for individual investors – it creates opacity and undermines trust." -- David Gardner, co-founder of The Motley Fool
Fight the SEC plan to halve your data
5. Today's Take: Fully Invested or Cash on Hand?
I keep cash on the side for buying and add to that periodically, so that I don't need to make any spur of the moment selling decisions to fund investments. I increase my cash on hand if I think the market is overly hot, which means extra cash for opportunistic buys when the market inevitably cools.-- Alicia Alfiere Team Rule Breakers
With the market near all-time highs and toward the historic top of most valuation metrics, I'm currently in cash-accumulate mode. Right now, about 7% of my portfolio is cash, which is on the high end for me.-- Matt Frankel Team Hidden Gems
6. Your Take Which of the following Hidden Gems recs – all with a positive performance but still lagging the S&P 500 since being recommended in the last two years – do you think has the best chance of beating the market over the next 3-5 years, and (importantly) why? EQT (EQT +1.22%), IBM (IBM +0.78%), or L3Harris Technologies (LHX +2.25%).
Debate with friends and family, or become a member to hear what your fellow Fools are saying!
This image and article was created using Large Language Models (LLMs) based on The Motley Fool's insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, EQT, International Business Machines, L3Harris Technologies, Nvidia, and Qualcomm. The Motley Fool has a disclosure policy.
A staff member cleans a Model Y L electric car inside a Tesla store at a shopping mall, in Beijing, China, May 12, 2026. REUTERS/Tingshu Wang Purchase Licensing Rights, opens new tab
CompaniesJune 16 (Reuters) - Argentine state energy company YPF (YPFDm.BA), opens new tab said on Tuesday that it had signed a letter of intent to explore joint opportunities in fast-charging networks and energy storage infrastructure.
The accord came as YPF CEO Horacio Marin visited Tesla's Gigafactory in Texas, YPF said in a statement, with the visit focused on potential collaboration in energy infrastructure, electric mobility and technological innovation, as Argentina looks to modernize its energy network.
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Reporting by Kylie Madry; Editing by Aida Pelaez-Fernandez
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Yum! Brands Inc (NYSE:YUM) announced on Tuesday that it has entered into definitive agreements to sell Pizza Hut for a combined value of approximately $2.7 billion, as the restaurant operator sharpens its focus on its remaining brands, which include KFC and Taco Bell, and capital allocation priorities.
Under the agreements, private equity firm LongRange Capital will acquire Pizza Hut operations outside Mainland China for about $1.5 billion, while Yum China Holdings (NYSE: YUMC) will purchase Pizza Hut China for approximately $1.2 billion.
The transactions are subject to customary closing conditions and regulatory approvals and are expected to close in the third quarter of 2026.
The sale follows a strategic review of Pizza Hut that began in November 2025. Yum! said its leadership team and board concluded that separate ownership structures would provide the best path for the pizza chain's future growth while maximizing value for shareholders.
“These transactions enable Yum! to be a more focused company that continues to leverage scale, technology and talent to accelerate our raising the B.A.R. priorities and deliver sustained value for our stakeholders,” Yum! CEO Chris Turner said in a statement.
Turner added that Pizza Hut would be positioned for future growth under owners with restaurant industry expertise and described the brand as one of the most iconic restaurant chains in the world.
As part of the transaction with LongRange, Yum! may receive an additional earn-out payment of up to $75 million by 2030. Excluding that potential payment, the company expects to receive approximately $2.3 billion in net proceeds after taxes, closing adjustments and transaction-related fees.
Yum! said it expects to incur about $85 million in one-time expenses during the remainder of 2026 related to separating the business.
The company will continue providing its proprietary Byte by Yum! technology platform to Pizza Hut Ex-China and will also offer certain corporate services under a transition agreement to support the separation process.
Yum! and Yum China said they will maintain their partnership following the transaction. The companies agreed to financial incentives tied to future growth in KFC China's system sales and will continue collaborating on long-term expansion plans for Taco Bell in Mainland China.
Alongside the sale announcement, Yum!'s board authorized an additional $4 billion share repurchase program. The company said the net proceeds from the transactions will be used in line with its capital allocation strategy, including investments in the business and returning excess capital to shareholders.
Yum! plans to provide additional details regarding the financial impact of the sale and any updates to its 2026 outlook during its second-quarter earnings conference call on July 30.
, /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) today announced that it has entered into a definitive agreement with Yum! Brands, Inc. ("Yum! Brands") (NYSE: YUM) to acquire ownership of the Pizza Hut brand in Mainland China at a cash consideration of $1.2 billion. Upon closing, Pizza Hut China will no longer be subject to the license fees previously payable to Yum! Brands.
Pizza Hut is the largest casual dining restaurant brand in China[1] and continues to capture significant growth opportunities in the market. In 2025, Pizza Hut reported segment revenue of $2.3 billion and segment operating profit of $183 million, and in the first quarter of 2026, it delivered its 13th consecutive quarter of same-store transaction growth and its eighth consecutive quarter of restaurant margin and operating profit expansion. With 4,375 restaurants across more than 1,100 cities[2], Yum China is targeting the expansion of Pizza Hut's footprint to over 6,000 stores by 2028 and the doubling of its operating profit by 2029 compared with that for 2024, as previously outlined at Yum China's Investor Day in November 2025.
"Moving from the exclusive licensee to the brand owner of Pizza Hut in Mainland China represents a transformative milestone for us, demonstrating our conviction and long-term commitment to the China market. We see tremendous opportunities ahead, and we are still only at the early stage of our planned growth trajectory for Pizza Hut China," said Joey Wat, CEO of Yum China. "Becoming the brand owner will give the Company greater strategic flexibility to drive innovation across the menu, store formats, new modules, and operations. In addition, the elimination of the license fee payments to Yum! Brands are expected to enhance store economics and lower store-opening thresholds, which support Pizza Hut's margin expansion, growth acceleration and market leadership in China. As always, we remain fully committed to delivering an exceptional experience for our customers."
As the Company embarks on the next chapter of Pizza Hut's growth in China, going forward, Yum China and Yum! Brands remain fully committed to a strong partnership to unlock growth in the KFC brand. KFC will continue to be the key growth engine for Yum China and has a long runway to further expand into underserved markets, strengthen its market leadership and deliver sustainable long-term growth. KFC China is well positioned to pursue its target of expanding from its current footprint of 13,4542 stores to over 17,000 stores by 2028. In addition, concurrent to the transaction, KFC China will be eligible to receive a decade-long financial incentive from Yum! Brands upon achieving certain system sales growth targets, supporting and rewarding the higher future growth of KFC China.
Yum China's Board of Directors approved the transaction after a thorough review with the management team. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions. On a like-for-like basis, Yum China's 2026 full year financial guidance remains unchanged. With the elimination of license fee payments to Yum! Brands for the Pizza Hut brand, the Company expects the transaction to immediately enhance Pizza Hut China's and therefore Yum China's restaurant margins and OP margins. It is also expected to be immediately accretive to diluted EPS starting in 2026 following closing, and mid-single-digit accretive to diluted EPS in 2027 and 2028.
Yum China plans to fund the acquisition through a combination of cash and debt financing. The Company's financing plan is designed to support the transaction while maintaining its long-term commitment to shareholder value creation. Yum China remains committed to its previously announced capital return plans, which includes $1.5 billion in 2026, and approximately 100% of annual free cash flow after subsidiaries' dividend payments to non-controlling interests beginning in 2027. This is expected to translate to an average annual return of approximately $900 million to over $1 billion in 2027 and 2028, and to exceed $1 billion in 2028.
Transaction Consideration
The transaction consideration represents an implied last-twelve-month (LTM) P/E multiple of 19.5x[3], which compares favorably with the trading multiples of comparable global and China-based catering and beverage companies that are brand owners with franchising as a key business model. This represents a 17% discount to the median of the peer group's[4] latest LTM P/E (23.5x)[5] as of market close on June 12, 2026, and a 24% discount to the median of the peer group's average LTM P/E over the past one year (25.7x)[6]. Additionally, it also stands at a discount to the intrinsic value range derived from various valuation methodologies, taking into account historical performance and future prospects of Pizza Hut in Mainland China, reinforcing long-term value creation for shareholders.
Management will provide additional information regarding the transaction during Yum China's second-quarter earnings conference call scheduled for July 30, 2026.
Lazard acted as financial advisor, Sidley Austin LLP acted as legal counsel, and Fangda Partners acted as PRC counsel to Yum China in the transaction.
[1] In terms of 2025 system sales and number of restaurants.
[2] As of March 31, 2026.
[3] The multiple is calculated by dividing the transaction consideration of $1.2 billion by the license fees payable to Yum! Brands from Yum China for operating Pizza Hut in Mainland China for the last twelve months ended March 31, 2026 (net of tax) which amounted to approximately $62 million.
[4] The peer group consists of seven comparable global and China-based catering and beverage companies, including Yum! Brands, McDonald's, Restaurant Brands International, Domino's Pizza, Starbucks, Mixue and Guming.
[5] Latest LTM P/E refers to closing price of each comparable company on June 12, 2026 divided by LTM EPS, sourced from FactSet.
[6] Average LTM P/E over the past one year is calculated as the average of daily LTM P/E ratios over the past one year ended June 12, 2026. Daily LTM P/E ratios are calculated in the same way as footnote 5 above, where LTM EPS and closing prices on each of the trading days in the past one year are sourced from FactSet.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to future strategies, growth, business plans, restaurant expansion plans and operating profit targets, projected capital returns, the pending acquisition of ownership of the Pizza Hut brand in Mainland China from Yum! Brands, Inc. (the "Pending Transaction") and related financing, the expected timing, benefits and impact of the Pending Transaction, expected license-fee savings, expected margin benefits, expected EPS accretion, implied multiples, peer group comparisons, intrinsic value range and potential long-term value creation, and potential future financial incentives from Yum! Brands. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook," "commit" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the Company's future strategies, growth, business plans, capital allocation strategy, capital return plans (including dividend and share repurchase plans), restaurant expansion plans, and operating profit targets, as well as statements about the benefits, timing, and impact of the Pending Transaction and the potential KFC financial incentive. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. Factors that could cause actual results to differ materially include, among others, risks relating to the consummation of the Pending Transaction, including the possibility that the conditions to the consummation of the Pending Transaction will not be satisfied in the anticipated timeframe or at all, risks related to the ability to realize the anticipated benefits of the Pending Transaction, risks related to the availability, terms and cost of debt financing, transaction costs, tax and accounting treatment, changes in consumer demand or competitive conditions, failure to achieve anticipated license-fee savings, margin benefits, EPS accretion or KFC financial incentives, risks that the assumptions underlying the implied multiple calculations, P/E ratios and peer group comparisons and intrinsic value range may prove inaccurate or incomplete, and risks that the Pending Transaction may not result in the anticipated long-term value creation and negative effects of the announcement or failure to consummate the Pending Transaction on the Company's operating results or market price of its securities. Our plan of capital returns to shareholders (including dividend and share repurchase plans) is based on current expectations, which may change based on market conditions, capital needs or otherwise. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 18,000 restaurants under six brands across over 2,600 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain, which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit https://ir.yumchina.com/.
Yum! Brands said Tuesday it is selling Pizza Hut for $2.7 billion, after years of lagging sales at the pizza chain.
Private-equity firm LongRange Capital has agreed to acquire Pizza Hut’s operations, excluding mainland China, for roughly $1.5 billion. Yum China Holdings will purchase operations in mainland China in a separate deal worth $1.2 billion.
Yum! Brands on Tuesday announced it is selling Pizza Hut for $2.7 billion. Christopher Sadowski The deals – which are expected to close in the third quarter – come as little surprise after Yum! launched a strategic review last November while Pizza Hut continually churned out weaker results than sister brands Taco Bell and KFC.
Shares in Louisville, Ky.-based Yum! jumped 1.9% Tuesday after it said the sales will provide it with “the strongest path to maximize shareholder value” and allow it to focus on its stronger brands.
With US sales at Pizza Hut falling for about two years, the chain has consistently lost market share to Domino’s Pizza – which snagged its title as the largest pizza-restaurant operator in the country in 2017.
“Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry,” said Yum! CEO Chris Turner, who took the helm last October and argued for a sale of the pizza segment.
Fast-food pizza chains have been ailing as cash-strapped consumers cut back and third-party delivery apps eat into profits. US sales across the category dropped 0.3% last year from 2024, according to market-research firm Technomic.
As of 2025, Pizza Hut operated about 6,300 stores in the US, its largest market. It has nearly 20,000 locations worldwide across 108 countries.
Earlier this year, Yum! announced it was closing around 250 underperforming US Pizza Huts. Papa John’s has been shuttering dozens of locations, too.
In a last-ditch effort to turn around sales, Pizza Hut added flashy items to its US menus, including a Crispy Parm Pan Pizza, and launched new deals and a membership program.
Pizza Hut has continually churned out weaker results than sister brands Taco Bell and KFC. NurPhoto via Getty Images It also attempted to lean into fans’ nostalgia, bringing back its Book It! reading program. That rewards elementary schoolers with a free personal pan pizza for hitting reading goals.
China, its second-largest market, has been a bright spot for Pizza Hut – which is the biggest casual dining brand in the country. It operates 4,375 restaurants in China, selling steak and pasta in addition to the mainstay of pizza.
Yum! said it expects to rake in about $2.3 billion in net proceeds from both deals. It also anticipates one-time expenses of roughly $85 million through the rest of 2026 tied to the sales.
LongRange, the private-equity firm acquiring Pizza Hut, earlier this year agreed to buy 24 Hour Fitness. It and also owns Batesville, a company that makes caskets and cremation urns.
Yum! announced earlier this year it was closing around 250 underperforming US Pizza Hut stores. Christopher Sadowski Pizza Hut was founded by brothers Dan and Frank Carney in 1958 in Wichita, Kan.
It quickly grew into the largest pizza chain in the world, and in 1977, it was bought by PepsiCo.
The soda giant spun off its restaurant business in 1997, combining Pizza Hut under the same holding company as Taco Bell and KFC.
Over the past few years, Pizza Hut has moved away from its traditional, sit-down layout with a salad bar to focus more on delivery services – but has failed to win back customers en masse.
Pizza Hut is getting a new owner: Private equity firm LongRange buys chain in $1.5 billion deal By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Yum! Brands has sold Pizza Hut in a $2.7 billion deal that will split the property between two buyers: PE firm LongRange Capital and Yum China Holdings. Klaudia Radecka/NurPhoto via Getty Images Pizza Hut is getting a new owner after years of weak sales and growing questions about the future of one of America's best-known pizza brands.
Yum! Brands said Tuesday it entered into agreements to sell Pizza Hut for $2.7 billion, splitting the business between two buyers. LongRange Capital, a private equity firm, will acquire Pizza Hut outside mainland China for about $1.5 billion, while Yum China Holdings will buy the chain's mainland China business for about $1.2 billion.
The sale follows Yum's strategic review of Pizza Hut, which began last year after the chain posted its eighth consecutive quarter of same-store sales declines, Business Insider previously reported. At the time, Yum CEO Chris Turner said Pizza Hut needed "additional action" to unlock its full value and suggested that work "may be better executed outside Yum! Brands."
The deal is unlikely to come as a complete surprise to employees, said Kim Cerda, managing director and organizational change and culture practice lead at HudsonLake, a MikeWorldWide company that advises companies during mergers and organizational changes.
"This is really not the beginning, but a continuation of changes already underway," she said. For years, she added, employees have likely "been living under lots of change and pressure" as the chain has struggled.
LongRange is pitching itself as a hands-on operator rather than a financial buyer. In a statement announcing the deal, the firm said it plans to invest in Pizza Hut's growth and build on its franchise system and global footprint. Yum said Pizza Hut would be "well positioned for future growth" under LongRange and Yum China.
That message will be critical for workers and franchisees evaluating the chain's new owner.
"People know it's being bought by private equity, so they already know that means things are going to have to change," Cerda said. The challenge for LongRange, she said, will be balancing those changes with a convincing case that the investment is meant to "re-energize and revitalize the brand."
Across the two transactions, Yum expects to receive about $2.3 billion in net proceeds after taxes, closing adjustments, and transaction-related fees, excluding a potential $75 million earn-out by 2030. The company said it expects roughly $85 million in one-time costs to complete the separation.
The deal comes as Pizza Hut faces challenges beyond slowing sales. Business Insider previously reported that Yum planned to close 250 underperforming Pizza Hut locations during the first half of 2026. In May, a Pizza Hut franchisee sued the chain over its Dragontail restaurant management system, alleging it caused operational disruptions and customer service problems. Pizza Hut said at the time it was reviewing the claims and would respond through the appropriate legal channels.
For Yum, the sale sharpens its focus on its other brands: KFC, Taco Bell, and Habit Burger & Grill. For LongRange, it is a bet that operational improvements can revive a chain whose red roof remains iconic while its business has struggled to keep pace with rivals.
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Katherine Tangalakis-Lippert is a senior reporter on Business Insider's West Coast team. When she's not writing about trending business and tech news, from the latest supply chain snarls or advancements in AI, she covers the food and restaurant industries, specifically companies such as Starbucks and McDonald's.Some of her prior areas of focus have included coverage of the Supreme Court and emerging technologies such as quantum computing.Katherine has worked on award-nominated projects and has appeared on Good Morning America, NBC, CNN, and other outlets to discuss her reporting.Prior to joining Business Insider, she covered retail, hospitality, and nonprofits at the San Fernando Valley Business Journal and received a master's degree in investigative reporting from the University of Southern California.Reach outDo you have feedback or a story tip? Contact Katherine on Signal at byktl.50, or email her at [email protected] her on Twitter and Instagram @scrawlgirl.Some of her recent scoops, exclusives, and original stories include: Starbucks set up a new office. It's a 5-minute drive from the CEO's California home.Inside Starbucks' crackdown on cup notesEndless Shrimp was Red Lobster's rock bottom. Now it's clawing back.Chipotle's new PAC signals a change in how the company engages in politicsKFC lost its footing in the Chicken Wars. Now it's gunning for a 'Kentucky Fried Comeback.'A few other highlights include: Clarence Thomas raised him 'as a son.' Now he's facing 25-plus years on weapons and drug charges.Call her Ivanka Kushner'Maybe I'll just resign:' Federal workers react to DOGE productivity emailSpaceX launches cause late-night booms that rattle windows, set off car alarms, and may damage property. Locals are pushing back.The US-China tech race is moving from chips to the raw materials they're made of
Yalla Group is rated BUY, with 40–80% upside to $7.50–$9.60/share, driven by robust gaming growth and a significant buyback yield. YALA's top-of-funnel metrics remain strong, with MAU up 7.7% y/y, supporting long-term growth in both chatting and gaming services. The $150mn share repurchase plan over 24 months implies a 9% annualized buyback yield, underpinned by a market cap near net cash value.
Veteran consumer-wellness growth operator to lead multi-brand expansion across DTC, Amazon, retail, and new categories
, /PRNewswire/ -- cbdMD, Inc. (NYSE American: YCBD), one of the nation's leading and most trusted cannabinoid wellness companies and operator of the cbdMD, Bluebird Botanicals, and Paw CBD brands, along with its THC beverage brand Oasis, today announced the appointment of Wade Brown as Chief Marketing Officer.
Brown joined cbdMD in March 2025 and has been central to stabilizing the Company's brand portfolio and supporting its acquisition of Bluebird Botanicals. Most recently, cbdMD reported 19% year-over-year and 12% sequential revenue growth, supported by continued momentum in its core brands and the integration of Bluebird.
Prior to joining cbdMD, Brown held senior marketing and growth leadership roles across a range of consumer brands, including NatureWise, Vanity Planet, Inc Authority (prior to its acquisition by LegalZoom), First Tactical, Noble Outfitters, and Kevin's Naturals. His experience spans dietary supplements, beauty, online services, and omnichannel CPG, with deep expertise in ecommerce, Amazon, performance marketing, and brand portfolio growth.
"Wade has been instrumental in stabilizing our brands and bringing discipline to our marketing," said Ronan Kennedy, Chief Executive Officer and Chief Financial Officer of cbdMD. "He's an operator, not just a marketer. Wade understands DTC, Amazon, retail, creative, CRM, and customer acquisition. As we sharpen our focus on health and wellness, his experience scaling consumer brands within and beyond hemp will be key to driving our next phase of growth."
As Chief Marketing Officer, Brown will report to the CEO and lead marketing and commercial growth across cbdMD's portfolio, including cbdMD, Paw CBD, Oasis, Bluebird Botanicals, and future brands. Spanning brand strategy, DTC and marketplace execution, retail and wholesale support, creative, CRM and retention, and product-launch strategy. His appointment supports cbdMD's evolution into a broader multi-brand wellness platform across CBD, pet, botanical, and functional wellness and adjacent consumer health categories, including the Company's clinical healthcare channel for hemp-derived cannabinoid products in value-based Medicare models.
"cbdMD has built real trust and a loyal customer base," said Brown. "CBD and hemp wellness remain a strong foundation, but the bigger opportunity is a multi-brand consumer wellness platform. Built on clear positioning, disciplined execution, and modern growth systems across DTC, Amazon, retail, and CRM. My focus is building that operating system and creating lasting value for our customers and shareholders."
About cbdMD, Inc.
cbdMD, Inc. (NYSE American: YCBD) is one of the leading and most highly trusted and recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced THC-free1 CBD products and an array of Farm Bill compliant Delta 9 products. To learn more about cbdMD as well as our other brands, please visit www.cbdmd.com, www.pawcbd.com, www.ATRxLabs.com, www.bluebirdbotanicals.com, or www.herbaloasis.com, follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products.
1THC-free is defined as below the level of detection using validated scientific analytical methods.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expect," "intend," "will," "anticipate," "believe," "position," "look to," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the Company's strategy, expansion beyond hemp into broader health and wellness categories, anticipated growth, the expected contributions of its leadership team, and its clinical healthcare and other initiatives. Forward-looking statements are based on management's current expectations and assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially, including those described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement except as required by law.
Contacts
cbdMD, Inc.
Ronan Kennedy
Chief Executive Officer and Chief Financial Officer
[email protected]
(704) 445-3064
BEIJING, June 17, 2026 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading AI-powered application service provider focused on personalized learning solutions, today announced its unaudited financial results for the first quarter of 2026.
First Quarter 2026 Highlights1
Net revenues were RMB99.5 million (US$14.4 million), compared with net revenues of RMB21.7 million in the first quarter of 2025.Gross margin was 61.9%, compared with 36.2% in the first quarter of 2025.Net loss was RMB19.4 million (US$2.8 million), compared with net loss of RMB30.9 million in the first quarter of 2025.Net loss as a percentage of net revenues was negative 19.5% in the first quarter of 2026, compared with negative 142.8% in the first quarter of 2025.Adjusted net loss2 (non-GAAP), which excluded share-based compensation expenses of RMB4.2 million (US$0.6 million), was RMB15.1 million (US$2.2 million), compared with adjusted net loss (non-GAAP) of RMB22.4 million in the first quarter of 2025.Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 15.2% in the first quarter of 2026, compared with negative 103.4% adjusted net loss (non-GAAP) as a percentage of net revenues in the first quarter of 2025. 1For a reconciliation of non-GAAP numbers, please see the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release.2Adjusted net loss represents net loss excluding share-based compensation expenses, as well as income tax effect.
Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “We are pleased with our strong first quarter results. During the quarter, revenue more than quadrupled year-over-year and increased by 155% sequentially, primarily driven by the growth of Yiqi Aixue, our consumer-facing AI application service for personalized learning.
“Leveraging over a decade of large-scale, longitudinal educational insights accumulated across diverse teaching and learning scenarios, deep user engagement, and our growing AI capabilities, we will continue investing in AI-powered application services that support intelligent teaching and personalized learning. We believe these efforts will strengthen our overall product ecosystem and serve as a key driver of the Company's long-term growth.”
Ms. Sishi Zhou, Chief Financial Officer of the Company, commented, “We delivered significant improvement in our financial performance during the first quarter of 2026. Revenue growth, coupled with disciplined cost management and improving operating leverage, contributed to a 37.4% year-over-year and 63.5% quarter-over-quarter reduction in GAAP net loss. These results highlight the growing contribution of our AI-powered application services and our continued focus on balancing growth with operational discipline.”
“Meanwhile, the Company maintained a strong cash position of RMB352.4 million (US$51.1 million), providing financial flexibility to support future product innovation and strategic initiatives. Looking ahead, we will continue to allocate capital prudently while investing in the long-term development of our AI-powered application service portfolio,” she added.
First Quarter 2026 Unaudited Financial Results
Net Revenues
Net revenues for the first quarter of 2026 were RMB99.5 million (US$14.4 million), representing a year-over-year increase of 359.0% from RMB21.7 million in the first quarter of 2025. The substantial revenue growth was primarily driven by the continued expansion of Yiqi Aixue, the Company's consumer-facing AI application service, together with ongoing contributions from district-level and school-based projects.
Cost of Revenues
Cost of revenues for the first quarter of 2026 was RMB37.9 million (US$5.5 million), representing a year-over-year increase of 173.7% from RMB13.8 million in the first quarter of 2025. The increase in cost of revenues was primarily attributable to the continued growth of Yiqi Aixue and related service delivery costs.
Gross Profit and Gross Margin
Gross profit for the first quarter of 2026 was RMB61.6 million (US$8.9 million), compared with RMB7.8 million in the first quarter of 2025, representing a year-over-year increase of approximately 686%.
Gross margin for the first quarter of 2026 was 61.9%, compared with 36.2% in the first quarter of 2025, representing an improvement of 25.7 percentage points. The increase in gross margin was primarily attributable to the growing contribution of the Company's AI-powered application services and the continued optimization of the Company's revenue mix.
Total Operating Expenses
The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages):
For the three months ended March 31, 2025 2026 Year- RMB % RMB USD % over-year Sales and marketing expenses 13,013 60.1% 43,201 6,263 43.4% 232.0%Research and development expenses 12,592 58.1% 16,187 2,347 16.3% 28.5%General and administrative expenses 16,101 74.3% 23,487 3,405 23.6% 45.9%Total operating expenses 41,706 192.5% 82,875 12,015 83.3% 98.7%
Total operating expenses for the first quarter of 2026 were RMB82.9 million (US$12.0 million), including RMB4.2 million (US$0.6 million) of share-based compensation expenses, representing a year-over-year increase of 98.7% from RMB41.7 million in the first quarter of 2025.
Sales and marketing expenses for the first quarter of 2026 were RMB43.2 million (US$6.3 million), including RMB0.8 million (US$0.1 million) of share-based compensation expenses, representing a year-over-year increase of 232.0% from RMB13.0 million in the first quarter of 2025. The increase was primarily attributable to increased sales and marketing investments supporting the continued expansion of Yiqi Aixue.
Research and development expenses for the first quarter of 2026 were RMB16.2 million (US$2.3 million), including RMB1.7 million (US$0.2 million) of share-based compensation expenses, representing a year-over-year increase of 28.5% from RMB12.6 million in the first quarter of 2025. The increase in research and development expenses was primarily attributable to continued investment in AI capability development and higher personnel-related costs associated with research and development activities.
General and administrative expenses for the first quarter of 2026 were RMB23.5 million (US$3.4 million), including RMB1.7 million (US$0.2 million) of share-based compensation expenses, representing a year-over-year increase of 45.9% from RMB16.1 million in the first quarter of 2025. The increase in general and administrative expenses was primarily attributable to higher personnel-related costs associated with supporting the Company's business growth and strategic initiatives, and provision for credit losses from accounts receivable in ordinary business course.
Loss from Operations
Loss from operations for the first quarter of 2026 was RMB21.3 million (US$3.1 million), compared with RMB33.9 million in the first quarter of 2025. Loss from operations as a percentage of net revenues for the first quarter of 2026 was negative 21.4%, compared with negative156.3% in the first quarter of 2025.
Net Loss
Net loss for the first quarter of 2026 was RMB19.4 million (US$2.8 million), compared with net loss of RMB30.9 million in the first quarter of 2025. Net loss as a percentage of net revenues was negative 19.5% in the first quarter of 2026, compared with negative 142.8% in the first quarter of 2025.
Adjusted Net Loss (non-GAAP)
Adjusted net loss (non-GAAP) for the first quarter of 2026 was RMB15.1 million (US$2.2 million), compared with adjusted net loss (non-GAAP) of RMB22.4 million in the first quarter of 2025. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 15.2% in the first quarter of 2026, compared with negative 103.4% in the first quarter of 2025.
Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net loss (non-GAAP).
Cash and Cash Equivalents, Restricted Cash and Term Deposit
Cash and cash equivalents, restricted cash and term deposit were RMB352.4 million (US$51.1 million) as of March 31, 2026, compared with RMB407.0 million as of December 31, 2025.
Conference Call Information
The Company will hold a conference call on Tuesday, June 16, 2026 at 9:00 p.m. U.S. Eastern Time (Wednesday, June 17, 2026 at 9:00 a.m. Beijing time) to discuss the financial results for the first quarter of 2026.
Please note that all participants will need to preregister for the conference call participation by navigating to https://register-conf.media-server.com/register/BId337aadf8452470ca9207c6219b9093d.
Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly.
Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/.
Non-GAAP Financial Measures
17EdTech’s management uses adjusted net loss as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects.
Adjusted net loss represents net loss excluding share-based compensation expenses and such adjustment has no impact on income tax.
Adjusted net loss is used by 17EdTech’s management in their financial and operating decision-making as a non-GAAP financial measure; because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results.
The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP.
Exchange Rate Information
The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ deficit and cash flows from RMB into USD as of and for the three months ended March 31, 2026 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB6.8980 representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on March 31, 2026. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on March 31, 2026, or at any other rate.
About 17 Education & Technology Group Inc.
17 Education & Technology Group Inc. is a leading AI-powered application service provider in China, focused on personalized learning solutions. Leveraging over a decade of large-scale, longitudinal educational insights accumulated from daily teaching and learning interactions across diverse scenarios, alongside deep user engagement, and advanced AI capabilities, the Company develops application services that help students learn more effectively, empower educators, and drive innovation across the education ecosystem.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China's online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
17 Education & Technology Group Inc.
Ms. Lara Zhao
Investor Relations Manager
E-mail: [email protected]
17 EDUCATION & TECHNOLOGY GROUP INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted) As of December 31, As of March 31, 2025 2026 2026 RMB RMB USD ASSETS Current assets Cash and cash equivalents 246,448 174,603 25,312 Restricted cash 49 49 7 Term deposits 160,471 177,726 25,765 Accounts receivable, net 42,577 42,260 6,126 Prepaid expenses and other current assets, net 101,135 78,029 11,312 Total current assets 550,680 472,667 68,522 Non-current assets Property and equipment, net 22,455 21,666 3,141 Right-of-use assets 15,003 13,747 1,993 Other non-current assets 2,385 2,375 344 TOTAL ASSETS 590,523 510,455 74,000 LIABILITIES Current liabilities Accrued expenses and other current liabilities 123,280 123,509 17,905 Deferred revenue and advances from customers, current 165,939 104,485 15,147 Operating lease liabilities, current 4,992 4,712 683 Total current liabilities 294,211 232,706 33,735 As of December 31, As of March 31, 2025 2026 2026 RMB RMB USD Non-current liabilities Operating lease liabilities, non-current 9,684 8,659 1,255 TOTAL LIABILITIES 303,895 241,365 34,990 SHAREHOLDERS' EQUITY Class A ordinary shares 256 256 37 Class B ordinary shares 140 140 20 Treasury stock (42) (42) (6)Additional paid-in capital 11,126,837 11,131,062 1,613,665 Accumulated other comprehensive income 77,527 75,122 10,891 Accumulated deficit (10,918,090) (10,937,448) (1,585,597)TOTAL SHAREHOLDERS' EQUITY 286,628 269,090 39,010 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 590,523 510,455 74,000 17 EDUCATION & TECHNOLOGY GROUP INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands of RMB and USD, except for share and per ADS data, or otherwise noted) For the three months ended March 31, 2025 2026 2026 RMB RMB USD Net revenues 21,668 99,452 14,418 Cost of revenues (13,835) (37,871) (5,490)Gross profit 7,833 61,581 8,928 Operating expenses (Note 1) Sales and marketing expenses (13,013) (43,201) (6,263)Research and development expenses (12,592) (16,187) (2,347)General and administrative expenses (16,101) (23,487) (3,405)Total operating expenses (41,706) (82,875) (12,015)Loss from operations (33,873) (21,294) (3,087)Interest income 2,676 1,773 257 Foreign currency exchange loss (67) (9) (1)Other income, net 320 172 25 Loss before provision for income tax (30,944) (19,358) (2,806)Income tax expenses — — — Net loss (30,944) (19,358) (2,806)Net loss available to ordinary shareholders of 17 (30,944) (19,358) (2,806)Education & Technology Group Inc. Net loss per ordinary share Basic and diluted (0.07) (0.04) (0.01)Net loss per ADS (Note 2) Basic and diluted (3.50) (2.00) (0.29)Weighted average shares used in calculating net loss per
ordinary share Basic and diluted 462,312,173 542,745,242 542,745,242 Note 1: Share-based compensation expenses were included in the operating expenses as follows: For the three months ended March 31, 2025 2026 2026 RMB RMB USD Share-based compensation expenses: Sales and marketing expenses 2,093 847 123 Research and development expenses 2,397 1,692 245 General and administrative expenses 4,056 1,703 247 Total 8,546 4,242 615 Note 2: Each one ADS represents fifty Class A ordinary shares. 17 EDUCATION & TECHNOLOGY GROUP INC.Reconciliations of non-GAAP measures to the most comparable GAAP measures(In thousands of RMB and USD, except for share, per share and per ADS data) For the three months ended March 31, 2025 2026 2026 RMB RMB USD Net Loss (30,944) (19,358) (2,806)Share-based compensation 8,546 4,242 615 Income tax effect — — — Adjusted net loss (22,398) (15,116) (2,191)
JOYY is undergoing a successful transformation, evidenced by Q1 revenue growth of 12.4% YoY. The market, however, seems to have turned a blind eye to this turnaround success. BIGO Ads is now a major growth driver, contributing 23% of revenue and showing strong momentum in ad network expansion and new verticals. JOYY offers an attractive total shareholder yield near 15%, supported by a robust $3.18 billion net cash position and consistent positive cash flow.
Zimmer Biomet Holdings trades at a steep valuation discount despite strong free cash flow and high margins. ZBH's entrenched position in orthopedic implants, robust cash generation, and loyal installed base underpin reliable earnings. Recent results show net sales up 9.3%, adjusted EPS up 15.5%, and adjusted gross margin rising to 73.0%.
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Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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#1 (Strong Buy) stocks have produced an unmatched +24% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
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That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Zimmer Biomet (ZBH - Free Report) Headquartered in Warsaw, IN, Zimmer Biomet Holdings, Inc. is a leading musculoskeletal healthcare company that designs, manufactures and markets orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; spine, bone healing, craniomaxillofacial and thoracic products; dental implants; and related surgical products. With operations in over 25 countries, Zimmer markets products in more than 100 countries.
ZBH is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.41; value investors should take notice.
10 analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.09 to $8.48 per share. ZBH also boasts an average earnings surprise of +4.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ZBH should be on investors' short list.
Databolt Connect empowers secure, multi-party data sharing powered by Databricks Apps and Clean Rooms
SAN FRANCISCO--(BUSINESS WIRE)--Databricks Data + AI Summit – Capital One Software, the enterprise B2B software business of Capital One, today announced Databolt Connect, a purpose-built, lightweight application that facilitates secure, multi-party data collaboration in Databricks. Available in the Databricks Marketplace, an open marketplace for data, analytics, and AI, powered by OpenSharing, Databolt Connect provides privacy-preserving linking of sensitive datasets to enable groundbreaking research and analytics.
“Across the board, organizations make impossible tradeoffs across regulatory compliance, security and the sharing data needed to grow their business,” said Prashant Prahlad, SVP, Product, Capital One Software. “By expanding our collaboration capabilities in Databolt and launching it on Databricks Marketplace, we’re enabling organizations to protect sensitive data assets natively within Databricks. This allows our customers to safely unlock the full potential of their data and accelerate collaboration, balancing the drive for innovation with a strong commitment to security and compliance."
For example, Health and Life Sciences (HLS) organizations possess highly sensitive data that could power breakthrough discoveries and innovation. However, this raw data often cannot be shared due to privacy regulations, as well as security and competitive risks. With the Databolt Connect App on Databricks Marketplace, users can securely prepare and link datasets within Databricks Clean Rooms without raw data ever leaving their environment. By eliminating the need to expose sensitive data, it helps organizations maintain compliance and security.
Key capabilities of Databolt Connect include:
Zero-Trust and Native to Databricks: The data preparation, tokenization, and secure linking process executes exclusively within an organization’s controlled Databricks instance. The architecture is designed so that raw, sensitive data never leaves the customer’s environment and is not exposed to any third party, helping organizations strengthen security, privacy and compliance controls. Data Protection for HIPAA Regulated Data: The app allows for the application of customizable rules, including one-way, irreversible tokenization and generalization, for example, converting dates to year-only and full ZIP codes to 3-digit prefixes. These features are designed to generate unique, client-specific encrypted tokens that support secure record linkage and can support HIPAA de-identification workflows. Secure Record Linking: Multiple parties can bring their tokenized data into a shared Databricks Clean Room. Databolt Connect securely joins these datasets using the protected tokens, enabling high-value joint analysis while maintaining privacy for sensitive identifiers. Customers consistently ask us for easier, more secure ways to discover, access, and share data and AI assets across their organizations and ecosystems," said Stephen Orban, SVP, Product Ecosystem & Partnerships at Databricks. "By bringing Capital One Software's Databolt Connect app to the Databricks Marketplace, we're helping our joint customers, such as in Health and Life Sciences, collaborate on their data with confidence — accelerating innovation and unlocking more value from their data on an open, governed platform."
Learn more about the latest Databolt and Slingshot innovations by visiting Capital One Software at Booth #202 at Databricks Data & AI Summit, June 16-18, 2026, in San Francisco, CA.
About Capital One Software
Capital One Software, the enterprise B2B software business of Capital One, enables organizations to scale their data management capabilities and better harness the power of AI. Backed by 25 years of data innovation, Capital One Software solutions are helping customers overcome key data management challenges in the cloud, including cost performance, infrastructure management and data security. Capital One Software is based in McLean, Virginia, at Capital One's headquarters. To learn more, go to: www.capitalone.com/software
About Capital One
Capital One Financial Corporation (NYSE: COF) is a leading technology-based financial services company with $475.8 billion in deposits and $669.0 billion in total assets as of December 31, 2025. Headquartered in McLean, Virginia, the company operates as a premier global payments provider and diversified financial institution, delivering a broad suite of products and consumer lifestyle and shopping experiences through its Credit Card, Consumer Banking including its Global Payment Network and Commercial Banking lines of business. As the only major U.S. bank to migrate entirely to the public cloud, Capital One leverages proprietary data and advanced analytics to democratize financial tools across its primary markets in the United States, Canada and the United Kingdom.
Forward-Looking Statements
This press release contains forward-looking statements regarding Capital One Software’s future product plans and strategy. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors such as technical challenges, market shifts, or changes in resource allocation may result in some features being delayed, modified, or not released at all. Capital One Software assumes no obligation to update these forward-looking statements as circumstances change.
Capital One Software Introduces Databolt Connect for Secure Data Collaboration on Databricks Marketplace Databricks Data + AI Summit – Capital One Software, the enterprise B2B software business of Capital One, today announced Databolt Connect, a purpose-built, lightweight application that facilitates secure, multi-party data collaboration in Databricks. Available in the Databricks Marketplace, an open marketplace for data, analytics, and AI, powered by OpenSharing, Databolt Connect provides privacy-preserving linking of sensitive datasets to enable groundbreaking research and analytics.
“Across the board, organizations make impossible tradeoffs across regulatory compliance, security and the sharing data needed to grow their business,” said Prashant Prahlad, SVP, Product, Capital One Software. “By expanding our collaboration capabilities in Databolt and launching it on Databricks Marketplace, we’re enabling organizations to protect sensitive data assets natively within Databricks. This allows our customers to safely unlock the full potential of their data and accelerate collaboration, balancing the drive for innovation with a strong commitment to security and compliance."
For example, Health and Life Sciences (HLS) organizations possess highly sensitive data that could power breakthrough discoveries and innovation. However, this raw data often cannot be shared due to privacy regulations, as well as security and competitive risks. With the Databolt Connect App on Databricks Marketplace, users can securely prepare and link datasets within Databricks Clean Rooms without raw data ever leaving their environment. By eliminating the need to expose sensitive data, it helps organizations maintain compliance and security.
Key capabilities of Databolt Connect include:
Zero-Trust and Native to Databricks: The data preparation, tokenization, and secure linking process executes exclusively within an organization’s controlled Databricks instance. The architecture is designed so that raw, sensitive data never leaves the customer’s environment and is not exposed to any third party, helping organizations strengthen security, privacy and compliance controls. Data Protection for HIPAA Regulated Data: The app allows for the application of customizable rules, including one-way, irreversible tokenization and generalization, for example, converting dates to year-only and full ZIP codes to 3-digit prefixes. These features are designed to generate unique, client-specific encrypted tokens that support secure record linkage and can support HIPAA de-identification workflows. Secure Record Linking: Multiple parties can bring their tokenized data into a shared Databricks Clean Room. Databolt Connect securely joins these datasets using the protected tokens, enabling high-value joint analysis while maintaining privacy for sensitive identifiers. Customers consistently ask us for easier, more secure ways to discover, access, and share data and AI assets across their organizations and ecosystems," said Stephen Orban, SVP, Product Ecosystem & Partnerships at Databricks. "By bringing Capital One Software's Databolt Connect app to the Databricks Marketplace, we're helping our joint customers, such as in Health and Life Sciences, collaborate on their data with confidence — accelerating innovation and unlocking more value from their data on an open, governed platform."
Learn more about the latest Databolt and Slingshot innovations by visiting Capital One Software at Booth #202 at Databricks Data & AI Summit, June 16-18, 2026, in San Francisco, CA.
About Capital One Software
Capital One Software, the enterprise B2B software business of Capital One, enables organizations to scale their data management capabilities and better harness the power of AI. Backed by 25 years of data innovation, Capital One Software solutions are helping customers overcome key data management challenges in the cloud, including cost performance, infrastructure management and data security. Capital One Software is based in McLean, Virginia, at Capital One's headquarters. To learn more, go to: www.capitalone.com/software
About Capital One
Capital One Financial Corporation (NYSE: COF) is a leading technology-based financial services company with $475.8 billion in deposits and $669.0 billion in total assets as of December 31, 2025. Headquartered in McLean, Virginia, the company operates as a premier global payments provider and diversified financial institution, delivering a broad suite of products and consumer lifestyle and shopping experiences through its Credit Card, Consumer Banking including its Global Payment Network and Commercial Banking lines of business. As the only major U.S. bank to migrate entirely to the public cloud, Capital One leverages proprietary data and advanced analytics to democratize financial tools across its primary markets in the United States, Canada and the United Kingdom.
Forward-Looking Statements
This press release contains forward-looking statements regarding Capital One Software’s future product plans and strategy. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Factors such as technical challenges, market shifts, or changes in resource allocation may result in some features being delayed, modified, or not released at all. Capital One Software assumes no obligation to update these forward-looking statements as circumstances change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260616598765/en/
