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Neville Rodie & Shaw Inc. lowered its stake in Lumentum Holdings Inc. (NASDAQ:LITE – Free Report) by 33.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,530 shares of the technology company’s stock after selling 785 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Lumentum were worth $1,486,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LITE. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Lumentum in the first quarter worth about $2,046,000. Styrax Capital LP increased its position in shares of Lumentum by 3.6% during the 1st quarter. Styrax Capital LP now owns 140,000 shares of the technology company’s stock valued at $98,386,000 after purchasing an additional 4,837 shares during the last quarter. Whittier Trust Co. increased its position in shares of Lumentum by 21,806.5% during the 1st quarter. Whittier Trust Co. now owns 74,044 shares of the technology company’s stock valued at $57,183,000 after purchasing an additional 73,706 shares during the last quarter. Swiss National Bank lifted its stake in shares of Lumentum by 47.2% in the 1st quarter. Swiss National Bank now owns 208,015 shares of the technology company’s stock worth $146,185,000 after purchasing an additional 66,700 shares during the period. Finally, Patton Fund Management Inc. purchased a new position in shares of Lumentum in the first quarter worth approximately $5,201,000. Institutional investors own 94.05% of the company’s stock.

Key Headlines Impacting Lumentum Here are the key news stories impacting Lumentum this week:

Positive Sentiment: Analyst support strengthened. Rosenblatt Securities reaffirmed its “buy” rating and set a $1,300 price target, while Stifel Nicolaus raised its target from $1,100 to $1,232 and also assigned a “buy” rating. The higher targets reinforce expectations for additional upside. Lumentum Given Buy Rating at Rosenblatt Securities Lumentum Stock Gets Price Target Bump from Stifel Nicolaus Positive Sentiment: AI-driven demand remains the main catalyst. Recent coverage highlights expanding demand for Lumentum’s optical products from AI infrastructure and cloud-computing buildouts. Nvidia-related developments are also being viewed as a potential catalyst for the company’s AI-optics business. Nvidia Gave Lumentum Stock a New AI Catalyst Automatic Data Processing vs. Lumentum Positive Sentiment: Operating momentum is strong. Lumentum recently reported quarterly revenue of $1.01 billion, up 109.3% year over year, and adjusted EPS of $3.23, exceeding analyst expectations. Management’s next-quarter EPS guidance of $4.05 to $4.35 further supports the bullish outlook. Lumentum Revenue Growth Report Neutral Sentiment: Technical and valuation debate. Analysts and market commentators see potential for the rally to continue, but the stock’s record-level valuation and proximity to major resistance could increase volatility or prompt profit-taking. Lumentum Stock Hits Crucial Resistance Lumentum AI Optics Valuation Debate Insider Buying and Selling In other news, insider Yuen Wupen sold 307 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $945.00, for a total transaction of $290,115.00. Following the sale, the insider directly owned 108,320 shares of the company’s stock, valued at $102,362,400. This represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Wajid Ali sold 24,542 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $1,048.50, for a total value of $25,732,287.00. Following the transaction, the chief financial officer owned 75,074 shares of the company’s stock, valued at $78,715,089. This represents a 24.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 94,496 shares of company stock worth $85,978,498. Corporate insiders own 0.43% of the company’s stock. Lumentum Price Performance LITE traded up $3.31 during trading on Monday, hitting $1,088.73. 1,930,987 shares of the company traded hands, compared to its average volume of 5,509,354. The company has a market cap of $97.66 billion, a PE ratio of -13.25 and a beta of 1.53. Lumentum Holdings Inc. has a 1 year low of $147.81 and a 1 year high of $1,124.40. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $881.39 and its two-hundred day simple moving average is $857.35.

Lumentum (NASDAQ:LITE – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The technology company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.97 by $0.26. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $987.70 million. Lumentum had a negative net margin of 230.15% and a positive return on equity of 26.34%. The business’s revenue was up 109.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. Lumentum has set its Q1 2027 guidance at 4.050-4.350 EPS. As a group, sell-side analysts anticipate that Lumentum Holdings Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth Several research analysts have recently weighed in on LITE shares. Needham & Company LLC reiterated a “buy” rating and set a $1,040.00 price target on shares of Lumentum in a research note on Wednesday, August 12th. Zacks Research raised Lumentum from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Mizuho lifted their target price on Lumentum from $1,100.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial reissued an “outperform” rating and set a $1,036.00 price target on shares of Lumentum in a report on Wednesday, August 12th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Lumentum in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,078.75.

Check Out Our Latest Stock Report on Lumentum

Lumentum Profile (Free Report)

Lumentum Holdings Inc is a photonics and optical technology company that develops and manufactures products used to transmit, process and manage light. Its solutions support communications networks, data centers, cloud computing infrastructure, industrial applications, and other technology markets that rely on high-speed optical connectivity and precision lasers.

The company’s product portfolio includes optical components and modules for telecommunications and networking, lasers and laser systems, optical amplifiers, wavelength-management products, and photonic subsystems.

Further Reading Five stocks we like better than Lumentum A Manufacturing Surprise Could Be a Big Win for These 2 Companies What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Insiders Are Selling These 3 Stocks, Should You?

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SummaryCoStar Group is rated a buy, supported by robust revenue growth, an investment-grade balance sheet, and strong global positioning in real estate data and digital platforms.Despite a YTD share price decline and ongoing bearish technicals, CSGP shows durable top-line growth, AI-driven platform improvements, and a recovery in EPS and margins.CSGP's low D/E ratio, BBB Fitch rating, and active share buybacks mitigate balance sheet risk, while its $5B goodwill highlights acquisition-execution risk.Forecasts project over 30% upside by Dec. 2027, but sector headwinds and AI execution risk remain key factors to monitor for sustained capital growth. Thai Noipho/iStock via Getty Images

The Other Side of Real Estate: Services and Data as a Business Model If you follow my many articles on REITs, you'll notice I sometimes cite research from real estate services firm CoStar (

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Ferguson Wellman Capital Management Inc. raised its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 2,827.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,381 shares of the technology company’s stock after purchasing an additional 50,592 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Arista Networks were worth $10,664,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ANET. ABS Investment Management LLC purchased a new position in shares of Arista Networks during the 2nd quarter valued at about $29,000. ABS Direct Equity Fund LLC purchased a new stake in Arista Networks in the second quarter worth approximately $29,000. Kelleher Financial Advisors purchased a new stake in Arista Networks in the second quarter worth approximately $31,000. Cornerstone Financial Management LLC boosted its stake in Arista Networks by 61.9% in the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock worth $31,000 after buying an additional 70 shares in the last quarter. Finally, Sankala Group LLC bought a new position in Arista Networks during the fourth quarter valued at approximately $27,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance Shares of NYSE ANET traded down $0.05 during trading hours on Monday, hitting $207.30. The company’s stock had a trading volume of 1,549,370 shares, compared to its average volume of 7,945,253. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The stock has a market cap of $261.45 billion, a price-to-earnings ratio of 65.39, a P/E/G ratio of 2.44 and a beta of 1.60. The business has a 50-day simple moving average of $193.78 and a 200-day simple moving average of $169.54.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the business posted $0.73 EPS. The business’s revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current year. Insider Buying and Selling In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the transaction, the insider directly owned 180,543,048 shares in the company, valued at approximately $35,919,039,399.60. This represents a 0.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 612 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $195.77, for a total transaction of $119,811.24. Following the completion of the sale, the chief financial officer directly owned 69,921 shares of the company’s stock, valued at approximately $13,688,434.17. This represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,382,316 shares of company stock valued at $675,904,720 over the last three months. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades Several research analysts have commented on ANET shares. Bank of America reissued a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Rosenblatt Securities upped their price objective on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Truist Financial increased their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $231.70.

Read Our Latest Analysis on ANET

Arista Networks Company Profile (Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.

See Also Five stocks we like better than Arista Networks A Manufacturing Surprise Could Be a Big Win for These 2 Companies What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Insiders Are Selling These 3 Stocks, Should You?

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Sterling Infrastructure (STRL - Free Report) ended the recent trading session at $522.16, demonstrating a -2.11% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.66%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.05%.

The stock of civil construction company has risen by 9.65% in the past month, leading the Construction sector's loss of 2.15% and the S&P 500's gain of 0.55%.

The investment community will be paying close attention to the earnings performance of Sterling Infrastructure in its upcoming release. The company is expected to report EPS of $6.07, up 74.43% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $1.16 billion, showing a 67.7% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $20.02 per share and revenue of $4.11 billion, which would represent changes of +84.01% and +65.14%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Sterling Infrastructure. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Sterling Infrastructure presently features a Zacks Rank of #3 (Hold).

Looking at its valuation, Sterling Infrastructure is holding a Forward P/E ratio of 26.64. Its industry sports an average Forward P/E of 22.41, so one might conclude that Sterling Infrastructure is trading at a premium comparatively.

It's also important to note that STRL currently trades at a PEG ratio of 1.78. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Engineering - R and D Services industry was having an average PEG ratio of 1.06.

The Engineering - R and D Services industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 33% of all 250+ industries.

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

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Garmin (GRMN - Free Report) closed the most recent trading day at $285.52, moving +1.55% from the previous trading session. This change outpaced the S&P 500's 0.66% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 1.05%.

The maker of personal navigation devices's stock has climbed by 1.49% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 0.55%.

The investment community will be paying close attention to the earnings performance of Garmin in its upcoming release. The company is slated to reveal its earnings on October 28, 2026. The company's upcoming EPS is projected at $2.38, signifying a 19.60% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.99 billion, up 12.32% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $10.08 per share and a revenue of $8.09 billion, demonstrating changes of +17.76% and +11.7%, respectively, from the preceding year.

Any recent changes to analyst estimates for Garmin should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

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.

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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Garmin is currently a Zacks Rank #2 (Buy).

With respect to valuation, Garmin is currently being traded at a Forward P/E ratio of 27.91. This expresses a premium compared to the average Forward P/E of 20.65 of its industry.

One should further note that GRMN currently holds a PEG ratio of 3.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Electronics - Miscellaneous Products industry held an average PEG ratio of 1.28.

The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.

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

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

Sandisk (SNDK -0.92%) has had a monster year. It's up over 600% this year, making it the top-performing S&P 500 stock. It has had an incredible year, thanks to the strength of the AI build-out, which is consuming nearly all of the memory chip production capacity.

This has created an environment in which Sandisk can thrive; however, the market isn't convinced it will last, despite several outlooks saying it will. This could lead to a major investment opportunity, and if memory demand holds through 2030, Sandisk could be an incredible investment to make right now.

Image source: Getty Images.

Sandisk's upside comes from two areas Sandisk makes NAND memory, which is utilized for long-term information storage. For data centers, the most widely used product that utilizes NAND memory is the solid-state drive (SSD). This represents a bit of a problem for Sandisk, as there isn't much to separate one company's SSD from another's, so it's a commoditized product. Fortunately for Sandisk, nobody in the industry has enough production capacity to produce enough NAND memory, so prices for this commodity are rising.

This has led to incredible growth for both Sandisk and its peers, and it should continue for some time. One of Sandisk's industry peers, Micron, noted in its 2027 market outlook that it expects NAND industry shipments to grow in the low-20s percentage range. So, capacity isn't increasing that much, but AI demand is skyrocketing.

This will keep the NAND industry supply-constrained, and it may be some time before Sandisk and its peers can supply enough NAND memory to keep up with the soaring demand from data centers.

But what will that turn a $10,000 investment into by 2030? First, Sandisk stock should likely trade like a normal stock since a cyclical downturn isn't coming anytime soon. Right now, it trades at 8 times earnings expectations for fiscal year 2027, which ends in June 2027.

SNDK PE Ratio (Forward) data by YCharts

If Sandisk can trade for 20 times earnings at the end of next fiscal year, that's 150% upside right there. If Sandisk can grow 15% each year after that through 2030, that's another 50% growth. I think it's a bit of a conservative estimate, but I wouldn't be surprised to see Sandisk's stock triple over the next few years, turning a $10,000 investment into $30,000.

If Sandisk can do that, then it's a stock well worth buying, as not many stocks can do that in such a short time frame.

Google just got a boost in its bid to buy Spirit Airlines’ data for AI training By You're currently following this author! Click to unsubscribe from email alerts.

Google's bid to buy Spirit Airlines' old data has been challenged by unions representing flight attendants and pilots. Michael Nagle/Bloomberg via Getty Images Google just got a win in its effort to buy Spirit Airlines' old data.

A court-appointed consumer privacy official recommended the sale be approved in a filing on Monday, citing steps taken by Spirit and Google to address risks to passenger privacy.

"The parties have taken consequential steps to protect the privacy of the personal data of the Spirit consumers," Lucy Thomson, the consumer privacy ombudsman, said.

The filing said the companies revised the scope of personal consumer data included in the sale, excluded passenger databases, and hired a third party, Tonic.ai, to conduct de-identification of data that could contain consumers' personal information, such as company emails.

"These changes will significantly reduce the potential risk of harm to the 97 million consumers who provided their personal data to Spirit for the purpose of booking airline travel," the filing said, adding that any risk of privacy losses to consumers had been "eliminated or mitigated."

After Spirit Airlines shut down in May, Google won an auction for its data with a $10 million bid. The sale still requires court approval. Google has said the data would help improve its products and AI models.

Unions representing Spirit flight attendants and pilots have filed objections to the sale, saying it would undermine their privacy. The union that represents American Airlines pilots, including some 700 who formerly worked for Spirit, joined the objection in a filing last week, arguing the sale could hinder aviation safety.

A representative for Spirit did not provide additional comment when reached by Business Insider. Google did not respond to a request for comment. The company previously said that personally identifying information would not be included in the sale.

"Google is not buying any personal information from Spirit. The information will either be completely excluded or will be deidentified by an independent third party before Google receives the data," the company has said.

The ombudsman was appointed to evaluate risks specific to consumer privacy, as US bankruptcy law provides for consumer protections in data sales. The ombudsman said her review did not include whether the sale posed any privacy risks to employees.

Lawyers previously told Business Insider that the proposed sale served as a reminder that, as an employee, your work data is generally not private and belongs to the company.

While the ombudsman's recommendation helps the companies' case, approval of the data sale is ultimately up to the court. A hearing on the proposed sale is scheduled for October 14.

The filing on Monday also said that if other bids for the data are considered by the court — including those placed by AI training companies Mercor and Micro1 — additional review of consumer privacy concerns would be needed. The ombudsman specifically said she'd need more information about a "supply chain security incident" that happened at Mercor earlier this year.

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Kelsey Vlamis You're currently following this author! Click to unsubscribe from email alerts.

Kelsey Vlamis is a senior reporter for Business Insider, where she covers business and tech news. She also writes business stories about travel, luxury, and culture. Previously, she covered the environment, outdoors, and indigenous issues.Her feature story "Disaster at 18,200 feet" received awards from the New York Press Club and the North American Travel Journalists Association, as well as honorable mention from the Society of American Travel Writers. She has also received an American Journalism Online Award for her coverage on missing and murdered Indigenous people in Wyoming.She's appeared on CBS, NPR, NBC, and other outlets to discuss her reporting. She previously worked on the world news desk at the BBC in London and received a master's in journalism from Northwestern University.She can be reached by email at [email protected] or via the encrypted-messaging app Signal at kelseyv.21.

Google Artificial Intelligence

SummaryNetflix is rated Buy with a $74 fair value and $82 12-month target, reflecting margin expansion and resilient cash flow despite slower engagement growth.Current market pessimism over NFLX's growth and margins is overdone; my model assumes a 40% peak operating margin versus the market's implied 36%.Ad revenue growth, disciplined content spending, and improved licensing terms underpin margin expansion, while competitive threats appear muted near-term.Key risks include falling viewing hours, large acquisitions, rising rates, and currency headwinds, but the current valuation offers a favorable risk/reward. JasonDoiy/iStock Unreleased via Getty Images

Ted Sarandos put Netflix's slowdown plainly this week: "Overall, we're not growing as fast as I want us to,” as he was speaking at Bloomberg's Screentime conference, after engagement grew just 2% in the 1H. Wells

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

The Pinterest app icon on a smartphone in this illustration taken October 27, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

Oct 5 (Reuters) - Pinterest (PINS.N), opens new tab said on Monday it has appointed Amazon executive James ​Dibbo as its chief financial officer, ‌effective October 26.

Dibbo, 56, who will succeed Julia Donnelly at Pinterest, has led finance ​for the e-commerce giant's (AMZN.O), opens new tab Ads, ​Prime Video and Amazon MGM Studios ⁠businesses among others.

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Here are more ​details:

Shares of Pinterest were down about ​1% in extended trading

"James has led complex global businesses at scale, helped build high-performing ​teams and understands the intersection ​of consumer experience, shopping, advertising and technology," Pinterest ‌CEO ⁠Bill Ready said

The company had said in August that Donnelly would depart on October 30

Donnelly, who is leaving ​to pursue ​a new ⁠opportunity at a private, early-stage company, joined Pinterest ​in 2023

The image-sharing platform had ​forecast ⁠slower third-quarter revenue growth as it navigates a highly competitive digital advertising market ⁠dominated ​by larger players such ​as Meta's Instagram and Facebook

Reporting by Jaspreet Singh ​in Bengaluru; Editing by Diti Pujara

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

IRVINE, Calif., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS) (“Skyworks”), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today announced the expiration and final results of its previously announced offers to holders of Qorvo Notes (as defined herein) to exchange (the “Exchange Offers”) any and all outstanding 4.375% Senior Notes due 2029 (the “2029 Qorvo Notes”) and any and all outstanding 3.375% Senior Notes due 2031 (the “2031 Qorvo Notes” and, together with the 2029 Qorvo Notes, the “Qorvo Notes”) issued by Qorvo, Inc. (“Qorvo”) as set forth in the table below for (1) with respect to the 2029 Qorvo Notes, up to $850,000,000 aggregate principal amount of new 4.375% Senior Notes due 2029 (the “New 2029 Skyworks Notes”) issued by Skyworks and (2) with respect to the 2031 Qorvo Notes, up to $700,000,000 aggregate principal amount of new 3.375% Senior Notes due 2031 (the “New 2031 Skyworks Notes”) issued by Skyworks.

Expiration Date

The Withdrawal Deadline occurred and the Exchange Offers expired at 5:00 p.m., New York City time, on October 5, 2026 (such date and time, the “Expiration Date”). Therefore, any Qorvo Notes validly tendered in the Exchange Offers can no longer be withdrawn and no additional Qorvo Notes may be tendered in the Exchange Offers. Capitalized terms used but not defined herein have the respective meanings set forth in the Prospectus.

Final Results

Global Bondholder Services Corporation, the information agent for the Exchange Offers, has advised Skyworks that as of the Expiration Date, the following respective principal amounts of each series of Qorvo Notes had been validly tendered and not validly withdrawn:

Title of Qorvo Notes /
CUSIP / ISIN No.Principal Amount
OutstandingPrincipal Amount
TenderedPercentage4.375% Senior Notes due 2029Registered:

74736KAH4 /
US74736KAH41

144A:
74736KAG6 /
US74736KAG67

Regulation S:
U7471QAF1 /
USU7471QAF10

$850,000,000$779,422,00091.70%3.375% Senior Notes due 2031144A:
74736KAJ0 /
US74736KAJ07

Regulation S:
U7471QAJ3 /
USU7471QAJ32

$700,000,000$647,096,00092.44%     Skyworks expects that it will issue $778,096,000 aggregate principal amount of New 2029 Skyworks Notes and $646,805,000 aggregate principal amount of New 2031 Skyworks Notes on the settlement date.

Settlement Date

The settlement date is expected to occur on or about October 7, 2026.

Additional Information

The Exchange Offers were made pursuant to the terms and subject to the conditions set forth in Skyworks’ registration statement on Form S-4, which was declared effective on May 29, 2026, and the related final prospectus filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 29, 2026 (as it may be amended or supplemented from time to time, the “Prospectus”).

The complete terms and conditions of the Exchange Offers are described in the Prospectus, a copy of which may be obtained by contacting Global Bondholder Services Corporation, the exchange agent and information agent in connection with the Exchange Offers, at (855) 654-2015 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or [email protected]. Questions regarding the terms and conditions of the Exchange Offers should be directed to the dealer manager, Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Collect: (212) 357-1452, Toll-Free: (800) 828-3182.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to purchase or sell, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offers are being made solely pursuant to the Prospectus and only to such persons and in such jurisdictions as is permitted under applicable law.

About Skyworks

Skyworks Solutions, Inc. is empowering the wireless networking revolution. Skyworks is a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS).

Safe Harbor Statement

This press release includes “forward-looking statements.” Forward-looking statements relate to future events, including, but not limited to, the Exchange Offers. These forward-looking statements include information relating to future events, prospects, expectations and results of Skyworks (e.g., certain projections and business trends, including with respect to future sales and revenue, as well as plans for dividend payments). Forward-looking statements can often be identified by words such as “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected and may affect Skyworks’ future operating results, financial position and cash flows.

These risks, uncertainties and other important factors include: the risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory tariffs and other countermeasures or taxes), increased import/export restrictions and controls (e.g., Skyworks’ ability to obtain foreign-sourced raw materials, including from Chinese-based sources, as well as Skyworks’ ability to sell products to certain specified foreign entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor industry and the markets addressed by Skyworks’, and Skyworks’ customers’, products to economic cycles or changes in economic conditions, including inflation and recession that could result from trade war or trade protection measures; Skyworks’ reliance on a small number of key customers for a large percentage of Skyworks’ sales; decreased gross margins and loss of market share as a result of increased competition; Skyworks’ ability to obtain design wins from customers; Skyworks’ ability to convert design wins into revenue; market acceptance of Skyworks’ products and Skyworks’ customers’ products, including market acceptance of new, emerging technologies such as AI; the mix and volume of phone models sold by Skyworks’ largest customer; the potential impacts on Skyworks’ business, reputation, relationships, results of operations, cash flows and financial condition as a result of the Mergers and related transactions with Qorvo; the possibility that expected benefits related to such transactions with Qorvo may not materialize as expected; Skyworks or Qorvo’s business experiencing disruptions as a result of the Mergers and related transactions or due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities; Skyworks and Qorvo being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all; the costs, fees, expenses and other charges related to the Mergers and related transactions with Qorvo, including with respect to any related litigation; reduced flexibility in operating Skyworks’ business as a result of the substantial amount of additional indebtedness Skyworks has incurred and expects to incur in connection with the Mergers and related transactions; delays in the deployment of commercial 5G networks or in consumer adoption of 5G-enabled devices; the volatility of Skyworks’ stock price; changes in laws, regulations and/or policies that could adversely affect Skyworks’ operations and financial results, the economy and Skyworks’ customers’ demand for Skyworks’ products, or the financial markets and Skyworks’ ability to raise capital; fluctuations in Skyworks’ manufacturing yields due to Skyworks’ complex and specialized manufacturing processes; Skyworks’ ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce costs in a timely manner, transition Skyworks’ products to smaller geometry process technologies and achieve higher levels of design integration; the quality of Skyworks’ products and any defect remediation costs; Skyworks’ products’ ability to perform under stringent operating conditions; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits on Skyworks’ customers’ ability to obtain such services and materials; risks that Skyworks may not be able to optimize Skyworks’ manufacturing footprint and achieve any financial and operational benefits from such efforts, including reducing fixed costs or improving utilization rates, disruptions to Skyworks’ manufacturing processes, including relating to any relocation of Skyworks’ key facilities; Skyworks’ ability to successfully manage Skyworks’ senior management transitions; Skyworks’ ability to retain, recruit and hire key executives or the departure of any such executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement Skyworks’ business and product plans; the timing, rescheduling or cancellation of significant customer orders and Skyworks’ ability, as well as the ability of Skyworks’ customers, to manage inventory; other economic, social, military and geopolitical conditions in the countries in which Skyworks, Skyworks’ customers or Skyworks’ suppliers operate, including the conflicts in Ukraine, Iran and other regions in the Middle East, possible disruptions in transportation networks, and fluctuations in foreign currency exchange rates; the effects of global health crises on business conditions in Skyworks’ industry, including the risk of significant disruptions to Skyworks’ business operations, as well as negative impacts to Skyworks’ financial condition; Skyworks’ ability to prevent theft of Skyworks’ intellectual property, disclosure of confidential information or breaches of Skyworks’ information technology systems; uncertainties of litigation, including Skyworks’ ongoing securities litigation, potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; Skyworks’ ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; Skyworks’ ability to make certain investments and acquisitions, integrate companies Skyworks acquires and/or enter into strategic alliances; and other risks and uncertainties, including those detailed from time to time in Skyworks’ filings with the Securities and Exchange Commission.

The forward-looking statements contained in this press release are made only as of the date hereof, and Skyworks undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Note to Editors: Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.

Media Relations:
Constance Griffiths
(949) 230-4867
[email protected] Relations:
Raji Gill
(949) 508-0973
[email protected]

, /PRNewswire/ -- Nelnet Business Services (NBS), a division of Nelnet, Inc. (NYSE: NNI), announced the acquisition of Entab Infotech Pvt. Ltd. (Entab), a leading provider of school administration, management, and learning technology software in India.

The acquisition marks an important step in the international expansion strategy of NBS, extending opportunities for its school management, tuition, and campus-technology offerings into India, one of the world's largest K-12 education markets. Going forward, the business will operate as "Entab, a Nelnet company," preserving the Entab brand, leadership, and customer relationships that schools across India rely on today.

"This acquisition represents an important milestone in our strategy to build a global platform that helps educational institutions operate more effectively and better serve students and families," said DeeAnn Wenger, President of Nelnet Business Services. "Entab has established itself as one of India's most trusted education technology providers, earning the confidence of more than 1,000 schools through innovation, customer commitment, and deep market expertise. Together, we have an opportunity to accelerate innovation, expand our impact, and deliver even greater value to the education communities we serve around the world."

Founded and headquartered in New Delhi in 2000, Entab provides enterprise resource planning (ERP) and learning management systems (LMS) through its flagship CampusCare® platform, serving more than 1,000 schools and supporting over 1.5 million students in 28 states across India.

"Joining Nelnet Business Services significantly enhances our access to resources and expertise that will enable us to accelerate our product roadmap while continuing to serve our schools with the same team and commitment to service they experience today," said Lawrence Zacharias, Entab CEO and co-founder.

Shaji Thomas, Entab co-founder added, "With the capabilities and scale of NBS supporting Entab, we look forward to delivering greater value to schools, teachers, students and parents, and expanding our reach across India."

Both Zacharias and Thomas, along with Entab's 290 associates, will remain with the company and maintain its existing offices in New Delhi to continue to serve customers without interruption.

"As we have gotten to know the Entab team, their customers, and their deep commitment to serving schools, we have seen firsthand the strength of their platform and the trust they have earned throughout the education community," said Maheshwar Tiruchinapalli, Executive Vice President and General Manager of International Markets for Nelnet Business Services. "This combination represents more than an acquisition. It is the coming together of two organizations united by a shared mission to help schools thrive. Our integration strategy will be thoughtful and deliberate, ensuring continuity for customers and associates while creating a stronger, more innovative platform that can help define the next generation of school management solutions."

Cyril Amarchand Mangaldas acted as India legal advisor and Baker McKenzie acted as International legal counsel for Nelnet. IndusInd Bank Ltd., India provided transaction banking and foreign exchange advisory services.

Moxie Capital Mumbai acted as financial advisor, PMA Associates provided project consulting, and Khaitan & Co. acted as legal advisor to the shareholders of Entab.

About Nelnet Business Services

Nelnet Business Services (NBS) is a division of Nelnet, Inc. (NYSE: NNI), which provides payment technology and community management solutions for K-12 schools, higher education institutions, and businesses in the U.S. and internationally. NBS serves more than 1,200 higher education institutions and nearly 12,000 K-12 schools worldwide.

About Nelnet

Nelnet is a diversified company with primary businesses in consumer lending, loan servicing, payments, and technology—all with a large customer emphasis in the education space. Headquartered in Lincoln, Neb., Nelnet has more than 5,700 associates. Learn more about Nelnet at www.nelnet.com.

About Entab

Founded in 2000, Entab provides ERP, learning management, and experiential learning solutions for India's K-12 education sector. Its flagship CampusCare® platform integrates key school functions, including admissions, fee management, school operations, real-time tracking, and parent engagement within a unified digital ecosystem. Following the introduction of India's National Education Policy (NEP) 2020, Entab expanded its offerings to include experiential learning solutions designed to support teaching and learning outcomes.

SOURCE Nelnet Business Services

PERRYSBURG, Ohio, Oct. 05, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its third quarter 2026 conference call and webcast for Wednesday, October 28, 2026, at 8 a.m. EDT. The Company’s news release for the third quarter 2026 earnings will be issued after the market closes on Tuesday, October 27.

What:         O-I Conference Call and Webcast
Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued.

When:         Wednesday, October 28, 2026, at 8 a.m. EDT

Where:         https://events.q4inc.com/attendee/972811308 or at www.o-i.com/investors, Events and Presentations page

The webcast will be archived at www.o-i.com/investors until October 2027.

ABOUT O-I GLASS

At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com /  Instagram / LinkedIn  

CONTACT: 

SASHA SEKPEH
Investor Relations Coordinator
[email protected]
567.336.5128

O-I Glass Announces Third Quarter 2026 Earnings Conference Call and Webcast

A strong stock as of late has been Arrow Electronics (ARW - Free Report) . Shares have been marching higher, with the stock up 12.1% over the past month. The stock hit a new 52-week high of $247.25 in the previous session. Arrow Electronics has gained 119.7% since the start of the year compared to the 22.8% gain for the Zacks Computer and Technology sector and the 78% return for the Zacks Electronics - Parts Distribution industry.

What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 6, 2026, Arrow Electronics reported EPS of $5.45 versus consensus estimate of $4.45 while it beat the consensus revenue estimate by 5.74%.

For the current fiscal year, Arrow Electronics is expected to post earnings of $21.24 per share on $39.36 in revenues. This represents a 92.74% change in EPS on a 27.56% change in revenues. For the next fiscal year, the company is expected to earn $22.88 per share on $41.28 in revenues. This represents a year-over-year change of 7.71% and 4.89%, respectively.

Valuation MetricsArrow Electronics may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.

Arrow Electronics has a Value Score of A. The stock's Growth and Momentum Scores are C and C, respectively, giving the company a VGM Score of A.

In terms of its value breakdown, the stock currently trades at 11.4X current fiscal year EPS estimates, which is not in-line with the peer industry average of 16.5X. On a trailing cash flow basis, the stock currently trades at 16.8X versus its peer group's average of 18.8X. Additionally, the stock has a PEG ratio of 0.36. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Arrow Electronics an interesting choice for value investors.

Zacks RankWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Arrow Electronics currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Arrow Electronics passes the test. Thus, it seems as though Arrow Electronics shares could have potential in the weeks and months to come.

Key Takeaways Oscar Health trades at 4.5 times book value, above the 2.67 industry average, despite strong growth.OSCR membership hit 2.96 million as Q2 revenues surged 70% to $4.88 billion on higher enrollment and rates.Oscar Health targets 20% revenue CAGR through 2027 and a 5% operating margin next year. Shares of Oscar Health (OSCR - Free Report) are trading at a price-to-book multiple of 4.65, higher than the industry average of 2.65 and the median of 3.97 over three years.  It has a Value Score of B.

The premium valuation likely reflects Oscar’s technology-led, consumer-centric business model, along with its longer-term margin expansion potential supported by improving medical loss ratio (MLR) and SG&A ratios.

Oscar is a leading healthcare technology company built around a full-stack technology platform. It is well-positioned for sustained growth as it strengthens its presence in the expanding U.S. individual health insurance market.

Image Source: Zacks Investment Research

OSCR is expensive compared to Molina Healthcare (MOH - Free Report) and Centene (CNC - Free Report) . Molina Healthcare is a government-focused managed-care insurer with Marketplace and Medicaid exposure, while Centene is a major managed-care insurer with substantial ACA Marketplace exposure.

OSCR: An Outperformer    OSCR has gained 142.5% year to date, outperforming the industry, its sector, as well as the Zacks S&P 500 composite in the same time frame.  OSCR shares are trading at a discount to their 52-week high. 
 

Image Source: Zacks Investment Research

The rally likely reflects Oscar Health’s sharp improvement in profitability. Robust ACA membership growth, higher revenues, a better medical loss ratio and tighter cost control provided a meaningful boost to earnings. Management’s substantial upward revision to its 2026 profit outlook further reinforced investor confidence, supporting a significant rerating of the stock.

Molina Healthcare has gained 10.1% year to date, while Centene has gained 54.2% in the same time frame.

The Case for OSCR StockStructural changes in the labor market, including the expansion of gig work, part-time employment, self-employment and early retirement, are increasing demand for portable health coverage outside traditional employer-sponsored plans. Oscar Health appears well positioned to benefit from this shift through its technology-driven platform, which combines plan design, member engagement, care navigation, claims processing and provider management. Its Individual Coverage Health Reimbursement Arrangements, Lucie Health marketplace and Trove Group also provide avenues for growth beyond the core insurance business.

Strong membership gains underscore growing adoption of Oscar’s offerings. Membership reached 2.96 million as of June 30, 2026, up 46% year over year. Second-quarter revenues surged 70% to $4.88 billion, driven by higher enrollment and premium-rate increases. For 2026, management expects revenues of $18.7-$19.0 billion, reflecting the company’s expanding presence in the individual insurance market.

Oscar also plans to enter more than 150 additional metropolitan statistical areas by 2027. Disciplined pricing, consumer-focused products and a scalable technology platform should support further expansion in the Affordable Care Act marketplace. Its strategy is aligned with broader healthcare trends such as rising costs, digitization, consumerization and increasing demand for personalized care.

Management is targeting a 20% revenue CAGR through 2027 and a 5% operating margin next year. Technology and AI investments, fixed-cost leverage and lower risk-adjustment expenses are supporting expense-ratio improvement.

Oscar also maintains strong liquidity, with $4.08 billion in cash and cash equivalents and $6.08 billion in investments versus roughly $432 million of long-term debt as of June 30, 2026.

Optimistic Analyst Sentiment on Oscar HealthThe Zacks Consensus Estimate for 2026 and 2027 revenues indicates a 60.8% and 10.2% year-over-year increase, respectively. The same for 2026 and 2027 earnings implies a 208.3% and 21% year-over-year increase, respectively.

The expected earnings growth rate is pegged at 49.7%, better than the industry average of 13.2%. The company has a Growth Score of A.

The consensus estimate for 2026 and 2027 earnings has moved 18.8% and 24% north, respectively, in the past 30 days.

Image Source: Zacks Investment Research

The consensus estimates for 2026 and 2027 earnings of Molina Healthcare, as well as Centene, witnessed upward movement in the past 30 days.

How to Play OSCR SharesOscar’s growing membership base, improving cost structure, scalable technology platform, disciplined underwriting and strong balance sheet should help translate its recent momentum into sustainable earnings growth. Its VGM Score of A further strengthens the investment case.

Although the stock trades at a premium valuation, favorable analyst sentiment, solid share-price momentum and Oscar’s positioning as a fast-growing healthcare platform remain encouraging. These factors make this Zacks Rank #2 (Buy) stock an attractive candidate for investors seeking exposure to the healthcare sector.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

U.S. electric vehicle sales are sliding, yet Qualcomm's automotive revenue keeps climbing at a pace that defies the headline numbers. The reason has less to do with EVs than with something most investors overlook entirely.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

U.S. battery-electric sales fell 29.2% through September, while conventional hybrid sales rose 22.4%. Qualcomm’s automotive revenue grew 61.4% year over year and 19.8% sequentially in its latest reported quarter. Snapdragon’s opportunity spans vehicle computing and connectivity, but Qualcomm’s worldwide results cannot be directly compared with U.S.-only vehicle sales. Qualcomm (NASDAQ: QCOM | QCOM Price Prediction) offers investors a way to examine automotive growth beyond the number of electric vehicles sold. Its automotive revenue reached $1.588 billion in its latest reported quarter, even as the U.S. battery-electric market remained under pressure. The apparent contradiction reflects two distinctions that matter to shareholders: Qualcomm sells automotive chips worldwide, and its opportunity extends beyond the electric powertrain into the computing and connectivity used throughout a vehicle.

The investment question is whether Qualcomm can increase the value of the functions it supplies per vehicle as automakers adopt more sophisticated digital cockpits and driver-assistance systems. Those functions can be sold into gasoline vehicles, conventional hybrids, plug-in hybrids, and battery-electric vehicles. A weaker U.S. EV market creates a headwind, but it does not define the entire market for Snapdragon automotive products.

U.S. Buyers Are Choosing Different Forms of Electrification The U.S. sales mix strengthens the case for distinguishing automotive computing from a pure EV investment. The National Automobile Dealers Association’s October 5 update reported that battery-electric sales fell 29.2% year over year through September 2026, while conventional hybrid sales rose 22.4%. BEVs represented 6.2% of new light-duty vehicle sales, compared with 15.6% for conventional hybrids. These are January–September results, rather than September-only figures.

According to Table 1, the August data show the same division between conventional hybrids and vehicles requiring external charging. Conventional hybrids sold at more than twice the combined volume of BEVs and plug-in hybrids. The hybrid growth story therefore requires a distinction: conventional hybrids are gaining, while plug-in hybrids are also experiencing substantial pressure.

Table 1. U.S. Electrified Vehicle Sales (Million Units, Except Ratios) Vehicle category or metric September 2025 January 2026 August 2026 Battery-electric vehicles 0.146 0.063 0.080 Plug-in hybrids 0.030 0.012 0.020 Conventional hybrids 0.156 0.151 0.216 Combined BEV + PHEV sales 0.175 0.075 0.100 Conventional hybrids / combined plug-ins 0.89× 2.00× 2.16× Calculations and analysis: The Information Network Note: Volumes are rounded to three decimals in millions. Combined volumes and ratios use unrounded inputs. September 2025 included purchases ahead of the federal tax-credit expiration; the three observations are not a seasonally adjusted series.

For Qualcomm, the opportunity is to supply functions buyers want regardless of the powertrain selected. A conventional hybrid does not need an external charger, but it can still use a digital cockpit, connected services, and advanced driver assistance. That makes automotive computing a different investment proposition from charging infrastructure or components tied specifically to large battery packs.

Snapdragon Competes for More Value Within Each Vehicle Snapdragon Digital Chassis encompasses several platforms. Cockpit supports infotainment, displays, and user interaction. Connectivity links the vehicle to networks and cloud services. Ride addresses driver assistance and automated-driving workloads. Qualcomm can potentially expand its role when a customer adopts its products across several of these functions.

Ride Flex addresses the consolidation of cockpit and driving workloads on shared computing hardware while maintaining isolation and dedicated safety mechanisms. The commercial significance is the potential to capture a larger computing assignment in a vehicle. Consolidation can reduce the number of separate chips, so investors should evaluate the value of the functions Qualcomm supplies rather than assume every new vehicle contains more Qualcomm chips.

BMW provides evidence at two different stages of commercialization. Snapdragon Ride Pilot launched commercially in November 2025 in the BMW iX3, establishing a production deployment of Qualcomm’s driving-system technology. Separately, BMW’s July 2026 selection of Qualcomm as its lead compute silicon provider covers next-generation cockpit and automated-driving model programs starting in the 2030s. That later award supports long-term positioning but cannot explain revenue already reported. Neither disclosed deal value nor guaranteed vehicle volume establishes its eventual financial contribution.

Worldwide Revenue Changes the Interpretation According to Table 2, the geographic distribution of plug-in vehicle sales illustrates the scale of Qualcomm’s opportunity outside the United States. Greater China and Europe together represented 79.2% of global BEV and PHEV sales in August 2026, while the United States represented 5.5%. For investors, that distribution supports evaluating Snapdragon’s worldwide customer programs rather than using U.S. EV sales alone to assess its automotive growth potential.

Table 2. Regional Share of Global BEV and PHEV Sales Region or metric September 2025 January 2026 August 2026 Europe 20.5% 27.6% 21.4% Greater China 62.8% 50.1% 57.8% United States 8.2% 6.4% 5.5% Rest of world 8.5% 16.0% 15.2% Global BEV + PHEV sales, million units 2.149 1.179 1.806 Calculations and analysis: The Information Network Volumes are rounded to three decimals in millions; shares use unrounded inputs. Percentages measure shares of global plug-in sales, not penetration within each region. Conventional hybrids and fuel-cell vehicles are excluded. Vehicle coverage follows the underlying dataset’s passenger and commercial vehicle designation. Rounding can prevent shares from summing to 100%.

The table shows where demand is concentrated; these three monthly observations do not establish regional growth rates. September 2025 included purchases ahead of the U.S. federal tax-credit expiration, and January reflects a different seasonal period. Qualcomm’s ability to convert the international opportunity into revenue depends on customer adoption, computing content per vehicle, and competition. The regional shares also do not measure Qualcomm’s own revenue exposure, and its automotive products address gasoline vehicles and conventional hybrids in addition to plug-ins.

According to Table 3, automotive has become a larger contributor to Qualcomm’s semiconductor business. Revenue increased 61.4% year over year in fiscal Q3 2026 and 19.8% from the preceding quarter. Automotive accounted for 18.7% of QCT revenue, compared with 10.9% a year earlier. QCT is Qualcomm’s semiconductor business; its patent-licensing business is reported separately.

Table 3. Qualcomm’s Automotive Revenue and Semiconductor Mix ($ Millions, Except Percentages) Metric Fiscal Q3 2025 Fiscal Q2 2026 Fiscal Q3 2026 Automotive revenue 984 1,326 1,588 Total QCT revenue 8,993 9,076 8,504 Automotive share of QCT 10.9% 14.6% 18.7% Automotive revenue growth, year over year — 38.3% 61.4% Automotive revenue growth, quarter over quarter — — 19.8% Source: The Information Network compilation and calculations using Qualcomm’s reported results The geographic limitation is important. Table 1 covers nationwide U.S. sales, Table 2 covers worldwide plug-in sales, and Table 3 reports Qualcomm’s worldwide automotive revenue. These measures provide context for the investment case, but they cannot be treated as matching measures of U.S. EV chip demand.

Timing also differs. Semiconductor shipments to manufacturers occur before vehicles reach buyers, and inventory adjustments can separate chip orders from retail sales. Qualcomm’s revenue growth is consistent with expanding automotive adoption and content, but the reported totals do not isolate hybrids, individual products, or the effect of specific customer awards.

Investor Takeaway Qualcomm’s automotive expansion gives shareholders an additional growth opportunity as its smartphone business faces pressure. Apple’s development of its own modems threatens part of Qualcomm’s chip content in phones, while Snapdragon creates an opportunity to supply more computing functions in cars. Automotive growth does not automatically replace lost handset profits, and Qualcomm’s total fiscal Q3 revenue still fell approximately 4% despite its strong automotive performance.

My investment view is constructive because the automotive opportunity already has reported revenue and production deployments behind it. The next test is whether Qualcomm sustains that momentum as customer programs expand, while converting the changing revenue mix into stronger company-wide earnings. Investors should judge the shares against sustainable profits and the price paid, rather than treating an automotive design award as revenue already secured.

The U.S. EV slowdown makes that distinction more useful. Qualcomm’s opportunity depends on what it supplies inside the vehicle and where its customers produce and sell vehicles. Continued gains in computing content across multiple powertrains can support growth even when American BEV sales remain weak, although they do not eliminate exposure to an automotive downturn.

Contact [email protected] for any questions or corrections.

American Express, the premium credit-card and payments company
AXP +0.41% 89

, joined JPMorgan's October value-stock picks after an 18% year-to-date slide, according to TipRanks. Shares traded near $302.70, down roughly 0.1%, at approximately 11:24 a.m. ET on October 5. The valuation snapshot puts the stock 6.69% below its $324.39 GF Value estimate—a modest discount that leaves limited room for disappointment.

The business still has momentum. American Express reported second-quarter revenue of $19.64 billion, up 10%, as Card Member spending climbed 9%. Credit-loss provisions fell to $1.1 billion from $1.4 billion. But that improvement needs context: a reserve release helped lower provisions, while higher net write-offs pulled the other way. Lower provisions alone do not prove borrowers are getting stronger.

JPMorgan's selection gives the stock attention. Spending growth and credit performance will determine whether it deserves a recovery. If customers keep swiping and losses stay contained, the pullback could offer an opening. If delinquencies accelerate, that modest valuation cushion could disappear quickly. The next earnings report needs to deliver evidence, not just another endorsement.

Check the Warning Signs for

AXP

now!

Oracle (ORCL +0.13%) is a stock that I knew would have tremendous potential due to artificial intelligence (AI), as demand for its databases would be significant. More computing is being done in the cloud, and Oracle’s business should stand to benefit significantly from these opportunities.

While the stock soared 58% in 2024 and would continue rising the following year, it's been a much different story this year. It's down 26%, and trading at well under $150 -- nowhere near its 52-week high of more than $322.

Could now be a good time to buy the stock, or is Oracle still likely heading lower?

Image source: Getty Images.

Oracle's business has been boomingLast month, Oracle reported its latest earnings numbers, which were incredibly strong. Its revenue rose by 30%, and its unadjusted per-share profit was up by 55%. On top of that, the company also said that it achieved triple-digit growth in its cloud infrastructure business.

With a performance like that, the tech stock should be soaring. But it isn't. It's a sign that investors are worried about other factors, such as its high debt load, and also its close relationship with OpenAI, whose ability to post a profit and pay all its bills is weighing on the minds of many investors these days. The concerns are valid, and they reinforce the need for investors to consider more than just earnings multiples, sales growth, and profits.

OpenAI, for instance, accounts for around $300 billion of Oracle's backlog, which is a significant chunk. That creates a cloud of uncertainty as to how strong Oracle's future growth may be; the company's overall remaining performance obligations are $664 billion. Thus, investors who are not confident in OpenAI's ability to succeed may be less likely to take a chance on Oracle's stock.

Premium Feature

Moneyball Superscore

75/100

Today's Change

(

0.13

%) $

0.18

Current Price

$

142.48

Is Oracle's stock cheap enough to make up for these risks?When there are risks involving a business, investors will demand a discount; otherwise, they'll look elsewhere. Oracle's stock has been sliding due to the risks it poses, and it's now trading at less than 23 times its trailing earnings. Based on analyst projections, it's trading at about 18 times its estimated future profits, which is slightly less than the S&P 500 average of 20.

Overall, I don't think there's enough of a discount there to make Oracle's stock worth buying. It would need to fall further for it to be a compelling buy, given its close ties to OpenAI and the associated risk. There are far better tech stocks to buy than Oracle right now, which is why I'd pass on it.

Unity Software Inc. (NYSE:U) shares are rising Monday. Piper Sandler analyst James Callahan reiterated the rating and price target on the stock ahead of the company’s third-quarter report. Here’s what you should know.

Unity Software stock is among today’s top performers. Why is U stock surging? Piper Sandler Stays Bullish On Unity Ahead of EarningsPiper Sandler reiterated an Overweight rating and a $55 price target on Unity. Piper Sandler says it remains a buyer going into the third-quarter report.

PSC mobile gaming data points to continued momentum, Callahan said. Callahan also sees room for analysts to raise their estimates for Unity. The earnings report is the next event to watch, and higher estimates are the possible payoff.

Callahan flagged one risk. Broader macro pressure, such as a higher cost of supply, could weigh on Unity.

Piper Sandler Sees Unity’s Legal Fight With AppLovin as a PositivePiper Sandler also points to Unity’s dispute with AppLovin. AppLovin asked a California court for a temporary restraining order to restrict Unity from collecting certain data through its Ad Quality software. AppLovin alleges Unity improperly gathered data tied to its ads, and Unity has disputed that.

Callahan said the lawsuit news is positive for Unity, including the denial of the restraining order. Piper Sandler’s checks on the Ad Quality software are also quite positive, Callahan said.

U Shares Are Moving HigherU Price Action: Unity shares were up 5.30% at $45.92 at the time of publication on Monday, according to Benzinga Pro.

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Lam Research, the wafer-fabrication equipment supplier LRCX , slipped approximately 0.8% at 11.14am ET to $344.64 in the October 5 snapshot, despite a higher B. Riley price target ahead of its September-quarter earnings report. The analyst sees more upside. Investors are still waiting for the numbers to back it up.

B. Riley raised its target to $390 from $350 and kept its Buy rating, according to ad-hoc-news.de. That puts the target roughly 13.2% above the share price. The report also cited June-quarter revenue of $6.72 billion and a 52% gross margin. The valuation graphic adds a caution flag: shares sit 119.21% above the $157.22 GF Value estimate, suggesting plenty of growth is already priced in.

The bull case hinges on increasingly complex AI memory chips driving more demand for Lam's etch and deposition tools. But stronger demand must translate into profitable sales. The October 21 report puts customer spending, margins and service growth under the microscope. A higher target raises expectations. Orders and guidance have to deliver.

Argent Capital Management LLC purchased a new position in Dynatrace, Inc. (NYSE:DT – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 378,739 shares of the company’s stock, valued at approximately $21,868,000. Argent Capital Management LLC owned approximately 0.13% of Dynatrace at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DT. Hsbc Holdings PLC grew its position in Dynatrace by 12.0% during the 4th quarter. Hsbc Holdings PLC now owns 243,259 shares of the company’s stock worth $10,568,000 after purchasing an additional 26,129 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Dynatrace by 23.5% in the second quarter. Wellington Management Group LLP now owns 11,528,792 shares of the company’s stock valued at $506,229,000 after purchasing an additional 2,191,497 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of Dynatrace by 98.4% in the fourth quarter. Fox Run Management L.L.C. now owns 53,422 shares of the company’s stock worth $2,315,000 after buying an additional 26,494 shares during the period. Eminence Capital LP boosted its position in shares of Dynatrace by 33.0% in the fourth quarter. Eminence Capital LP now owns 4,527,266 shares of the company’s stock worth $196,212,000 after buying an additional 1,122,855 shares during the period. Finally, American Capital Management Inc. purchased a new position in shares of Dynatrace during the first quarter valued at $38,987,000. Institutional investors and hedge funds own 94.28% of the company’s stock.

Dynatrace Price Performance DT traded up $0.79 during midday trading on Monday, hitting $60.11. 1,499,033 shares of the company’s stock traded hands, compared to its average volume of 6,440,724. The company has a market cap of $17.37 billion, a PE ratio of 120.23, a price-to-earnings-growth ratio of 3.67 and a beta of 0.77. The stock’s fifty day simple moving average is $51.70 and its 200-day simple moving average is $44.03. Dynatrace, Inc. has a one year low of $31.64 and a one year high of $60.68.

Dynatrace (NYSE:DT – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $554.55 million for the quarter, compared to analyst estimates of $550.01 million. Dynatrace had a net margin of 7.22% and a return on equity of 11.07%. Dynatrace’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. Dynatrace has set its Q2 2027 guidance at 0.480-0.490 EPS and its FY 2027 guidance at 1.970-1.990 EPS. On average, research analysts expect that Dynatrace, Inc. will post 1.1 EPS for the current year. Analyst Upgrades and Downgrades A number of equities research analysts have commented on DT shares. Citigroup raised their price objective on Dynatrace from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Royal Bank Of Canada upped their target price on Dynatrace from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Canaccord Genuity Group increased their price target on shares of Dynatrace from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BTIG Research restated a “buy” rating and set a $62.00 price target on shares of Dynatrace in a report on Tuesday, September 15th. Finally, KeyCorp boosted their price objective on shares of Dynatrace from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Twenty-three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Check Out Our Latest Research Report on Dynatrace

Insider Buying and Selling at Dynatrace In other Dynatrace news, EVP Bernd Greifeneder sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $57.21, for a total transaction of $2,860,500.00. Following the completion of the sale, the executive vice president owned 904,846 shares of the company’s stock, valued at $51,766,239.66. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.69% of the stock is owned by corporate insiders.

Dynatrace Profile (Free Report)

Dynatrace, Inc is a software company that provides an observability and application security platform for organizations operating complex cloud, hybrid, and enterprise technology environments. Its platform is designed to help businesses monitor applications, infrastructure, user experiences, logs, and digital services from a unified interface.

The company’s products support application and infrastructure performance monitoring, digital experience monitoring, log management, cloud automation, application security, and artificial intelligence-assisted operations.

Recommended Stories Five stocks we like better than Dynatrace What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Insiders Are Selling These 3 Stocks, Should You? Datadog’s Rally Has Insiders Selling—Can It Keep Climbing?

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, /PRNewswire/ -- AGCO (NYSE: AGCO) is demonstrating autonomy, artificial intelligence (AI) and mixed-fleet connectivity during its annual Tech Day at Stewart Farms near Yorkville, outside Chicago, Illinois. Showcased during the fall harvest, the technologies are designed to help farmers increase productivity, improve efficiency and enhance profitability across the crop cycle.

AGCO’s OutRun autonomous platform operates alongside two driverless Fendt tractors during AGCO Tech Day 2025 in Germany. At this year’s event near Chicago, AGCO will demonstrate autonomy, AI and mixed-fleet technologies spanning farm management, planting, weed control, harvest, grain handling, fertilizer application, tillage and service support. "Farmers judge technology by what it returns, not by what it promises," said Eric Hansotia, AGCO's Chairman, President and CEO. "At Tech Day, we are demonstrating autonomy, AI and connected solutions in the conditions farmers work in every day, helping them get more value from every pass across the field."

AGCO'sPTx® precision agriculture solutions are built to work across brands and machines and reach farmers through a dedicated technology channel designed to accelerate adoption. By combining specialized PTx dealers, AGCO machine dealers and OEM partnerships, AGCO can deliver retrofit and factory-fit solutions that help farmers connect mixed fleets, put their data to work and get more value from the equipment they already operate.

Throughout the event, AGCO will demonstrate how connected technologies work together from planning and planting through crop protection, harvest and service support:

Farm Management:PTxFarmENGAGE™ connects mixed fleets through a common digital platform, while the Panorama® intelligence platform transforms machine and agronomic data into actionable insights. Aurora™,AGCO's AI assistant that operates within Panorama, allowing farmers to ask questions using voice or text and quickly access the maps, reports and insights they need to make informed decisions. Planting: Momentum® planters, ArrowTube™ and Panorama work together to improve seed placement and support more consistent crop emergence. Weed Control: The FendtRogator® 900 equipped with AI-enabled SymphonyVision™ technology specifically targets only weeds with precision application capabilities designed to reduce chemical use and improve efficiency. Harvest Season: Harvest, grain handling, fertilizer application and tillage all land in the same six-to-eight-week window and finding labor to get them done on time is a challenge. At Tech Day, the Fendt IDEAL® combine runs alongside PTx's mixed-fleet retrofit autonomy solution, OutRun™ for tillage and in-field harvest logistics utilizing autonomous grain carts, with a FendtRogator applying next year's fertilizer behind the harvest so nutrients are incorporated before runoff losses can occur. The result is more jobs completed on schedule with the crew a farmer actually has. FarmerCore:AGCO's unique distribution service model combines over-the-air updates, remote diagnostics and expanded on-farm support to reduce downtime and bring expertise closer to farmers. "Our Farmer-First strategy starts with giving farmers more choice in how they adopt technology," said Hansotia. "Whether through the equipment they already own, the brands they prefer or the dealer relationships they trust, AGCO is focused on making practical innovation easier to access and more valuable in the field."

The solutions demonstrated at Tech Day are commercially available today or progressing toward commercial availability. Farmers can learn more through their local Fendt®, Massey Ferguson®, Valtra®, or PTx dealer.

AGCO will host a presentation as part of Tech Day activities that updates the company's strategy and provides a detailed review of AGCO's precision ag business. The presentation on October 6 at 5:00 p.m. Central Time (CT) will feature Eric Hansotia, Chairman, President and Chief Executive Officer, and Damon Audia, President, PTx and Corporate Strategy. Investors may listen to a live webcast of the presentation by accessing the "Events and Presentations" section of the company's Investor Relations website at https://investors.agcocorp.com/events-and-presentations/upcoming-events. The webcast will also be archived immediately afterwards for 12 months.

Fendt, IDEAL, Massey Ferguson, Momentum, PTx, Rogator and Valtra are registered trademarks of AGCO. Aurora and OutRun are trademarks of AGCO. Panorama is a registered trademark of Precision Planting, LLC. ArrowTube, FarmENGAGE and SymphonyVision are trademarks of Precision Planting, LLC.

About AGCO
AGCO (NYSE: AGCO) is a global leader in agricultural machinery and precision agriculture technologies. Driven by a Farmer-First strategy, AGCO delivers value through its differentiated leading brands, Fendt™, Massey Ferguson™, PTx™ and Valtra™.  AGCO's high-performance equipment and smart farming solutions, including brand-agnostic retrofit technologies and autonomous offerings, empower farmers to drive productivity while sustainably feeding the world. For more information, visit www.agcocorp.com.  

SOURCE AGCO Corporation

Final delivery and training under LAND 159 Tranche 1 supports Australian Army sniper capability  | Source: Leonardo DRS, Inc.

ARLINGTON, Va., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) has completed final training and delivery for the Improved Night/Day Observation Device (INOD) Block III thermal weapon sights provided to the Australian Army under the LAND 159 Tranche 1 program.

The INOD Block III is a clip-on thermal weapon sight designed to help snipers and special operations forces detect, identify and engage targets in low-light and degraded visual conditions, including darkness, smoke, haze and adverse weather. Mounted in front of an existing direct-view optic, the system is designed to preserve the operator’s zeroed scope and is compatible with magnifications from 5x to greater than 25x. 

“Completing delivery and training for the Australian Army is an important milestone for our team,” said Jerry Hathaway, senior vice president and general manager of Leonardo DRS Electro-Optical and Infrared Systems business unit. “The INOD Block III provides a thermal sighting capability intended to support sniper operations in demanding conditions, and the training helps ensure personnel are prepared to operate and maintain the system.” 

The sight uses a micro-cooled, 640-by-480 mid-wave infrared focal plane array to provide thermal imagery and target discrimination in conditions that can limit conventional optics. 

Designed for sustained field use, the system uses lithium batteries with hot-swap capability, allowing battery changes without interrupting operation. The sight can also use external power for extended static-surveillance tasks. A rear-facing focus knob, wired remote control and glove-compatible, one-handed operation support use in field conditions. 

For the Australian Army, the LAND 159 Tranche 1 acquisition represents a step-change in long-range lethality. Australian snipers will now carry the same generation of thermal sight currently fielded with U.S. Army Special Operations Forces, strengthening interoperability with Australia’s primary alliance partner across joint and coalition operations. Beyond the hardware, DRS provided hands-on training to Australian Army personnel to support operation and maintenance of the systems. The company is a provider of individual weapon sights and thermal targeting systems to the U.S. Army. The INOD family is part of DRS’s thermal sighting portfolio, which also includes the Family of Weapon Sights program. 

Australian defense company NIOA is the prime contractor for LAND 159 Tranche 1 and managed local program coordination and delivery logistics on behalf of the Australian Army. 

About Leonardo DRS

Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

Leonardo DRS Investor Relations Contact
Camilla Yanushevsky
Director, Investor Relations
+1 571 309 8216
[email protected]

Leonardo DRS Media Contact
Charles Jones
Director, Marketing and Corporate Communications
+1 571-737-8800
[email protected]  

Leonardo DRS

Argent Capital Management LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 16.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,205 shares of the construction company’s stock after selling 635 shares during the period. Argent Capital Management LLC’s holdings in Comfort Systems USA were worth $5,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential PLC purchased a new stake in Comfort Systems USA in the 4th quarter worth about $6,922,000. Simplicity Wealth LLC purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $601,000. New York State Teachers Retirement System boosted its position in shares of Comfort Systems USA by 2.7% during the first quarter. New York State Teachers Retirement System now owns 30,665 shares of the construction company’s stock valued at $42,287,000 after buying an additional 800 shares during the period. ING Groep NV bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $4,245,000. Finally, Storgate LLC purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $644,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 16,024 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 over the last three months. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Stock Down 0.6% Shares of NYSE:FIX traded down $11.11 during trading on Monday, reaching $1,716.90. The stock had a trading volume of 89,583 shares, compared to its average volume of 432,192. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a one year low of $770.47 and a one year high of $2,073.99. The company has a market capitalization of $60.42 billion, a P/E ratio of 42.24 and a beta of 1.66. The firm’s 50-day simple moving average is $1,654.28 and its 200 day simple moving average is $1,714.92. Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company earned $6.53 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. As a group, research analysts expect that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 8.85%.

Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on FIX shares. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. KeyCorp lifted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Finally, Weiss Ratings cut shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $2,082.86.

Read Our Latest Stock Report on FIX

Comfort Systems USA Company Profile (Free Report)

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.

Featured Stories Five stocks we like better than Comfort Systems USA What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks Insiders Are Selling These 3 Stocks, Should You? Datadog’s Rally Has Insiders Selling—Can It Keep Climbing?

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Gartner Inc (NYSE:IT), the research and advisory company, is expected to report third-quarter contract value growth of 2.5%, slightly above the 2.3% Visible Alpha estimate, according to UBS.

The analyst expects net new contract value to increase by $58 million in the quarter, down slightly from its previous estimate of $60 million.

Contract value growth excluding federal business is forecast to slow by about 40 basis points to 3.1% from 3.5% in the second quarter, reflecting a difficult renewal backdrop and selling environment.

UBS expects net new contract value excluding federal business of $45 million, down from its previous estimate of $60 million and last year’s $62 million.

Federal net new contract value is forecast at $13 million, compared with $11 million in the second quarter and a $49 million decline a year earlier, helped by seasonally higher government procurement in the third quarter.

UBS expects Gartner to raise its 2026 revenue guidance to at least $6.380 billion from $6.375 billion, although that would remain below the $6.395 billion analyst estimate.

Adjusted EBITDA guidance is expected to increase to at least $1.605 billion from $1.570 billion, while adjusted earnings per share guidance could rise to $14.55+ from $14.00+.

UBS expects the guidance increase to be driven primarily by margin contingency, while a $5 million increase in each of Conferences and Consulting would more than offset a $5 million foreign exchange headwind to Insights revenue.

The analyst models just under $200 million of share buybacks in the third quarter, noticeably below the levels of recent quarters, amid a potential moderation in repurchase activity.

UBS trimmed its 2026 adjusted earnings per share estimate to $15.04 from $15.14, citing slightly lower fourth-quarter revenue from Conferences and foreign exchange.

For 2027, UBS cut its adjusted earnings per share estimate to $16.01 from $16.05 because of lower revenue, partly offset by a slightly higher margin and lower share count.

UBS said indicators were mixed, with Gartner job openings about 10% below their mid-July peak, while the Business Roundtable CEO Index rose to 94.4 from 90.7 in the second quarter, its highest level since early 2022.

Key Takeaways Howmet shares gained 21.4% in the past year, outperforming the S&P 500 and its industry.HWM raised its 2026 revenue outlook to $10.00-$10.10 billion amid strong aerospace demand.Howmet's growth outlook is supported by engine spares demand, but high debt and valuation pose risks. Howmet Aerospace Inc.’s (HWM - Free Report) shares have gained 21.4% in the past year, outpacing the S&P 500’s gain of 15.4% and the industry’s 18.1% decline. The leading provider of jet engine components and fastening systems for the aerospace and transportation industries has also outshone its peers like Textron Inc. (TXT - Free Report) and L3Harris Technologies, Inc. (LHX - Free Report) , which have lost 11.6% and 22%, respectively, over the same time frame.

HWM Outperforms the Industry, S&P 500 & Peers
Image Source: Zacks Investment Research

Closing at $231.27 on Oct. 2, the stock is trading below its 52-week high of $310.00 but higher than its 52-week low of $183.83. However, the stock is trading below both its 50-day and 200-day moving averages. Let’s take a closer look at the company’s fundamentals, growth prospects and challenges to make an informed choice.

Factors Driving HowmetHowmet continues to benefit from robust commercial aerospace demand. Strong narrow- and wide-body aircraft activity is driving higher OEM spending, while increased air travel is boosting aircraft utilization and demand for the company’s parts and products.

Revenues from the commercial aerospace market rose 28% year over year in the second quarter of 2026, accelerating from 20% growth in the first quarter. The market accounted for 53% of HWM’s total business, driven by strong demand for engine spares. Solid A320 and A350 build rates at Airbus and the recovery in Boeing 737 MAX production are expected to support demand for HWM’s engine spares.

While the commercial aerospace market has remained the major driver for the company, the defense side of the industry has also been witnessing positive momentum, cushioned by steady government support. HWM has been experiencing robust orders for engine spares for the F-35 program and other legacy fighters. Revenues from the defense aerospace market increased 11% year over year in the second quarter, constituting 15% of the company’s total business.

Howmet expects demand across the commercial aerospace, defense aerospace and gas turbine markets to rise in 2026, supported by higher engine spares demand. The company raised its 2026 revenue outlook to $10.00-$10.10 billion. Adjusted EBITDA is anticipated between $3.21 billion and $3.25 billion, with adjusted earnings projected at $5.23-$5.31 per share.

Howmet’s shareholder-return initiatives remain supportive. In the first half of the year, HWM paid $97 million in dividends. In July 2026, the company increased its quarterly dividend 17% to 14 cents per share, or 56 cents annually. Through July, Howmet also repurchased $800 million of shares year to date.

Howmet’s measures to reward shareholders are also encouraging. During the first half of the year, HWM distributed $97 million in dividends. In July 2026, it raised its quarterly dividend by 17% to 14 cents per share, equivalent to 56 cents annually. Additionally, through July, the company had repurchased $800 million worth of shares year to date.

Howmet’s shareholder-friendly policies are supported by its healthy liquidity position. Exiting the second quarter, HWM’s cash equivalents were $563 million, higher than its short-term borrowings of $450 million. In the first half of the year, Howmet generated cash of $1.04 billion from operating activities (up 48% year over year), while its free cash flow totaled $838 million (up 75% year over year).

Earnings Estimate Revision
Image Source: Zacks Investment Research

Earnings estimates for HWM have moved north over the past 60 days, reflecting analysts’ optimism.

The Zacks Consensus Estimate for 2026 earnings is pegged at $5.33 per share, suggesting year-over-year growth of 7.2%. The consensus mark for 2027 earnings is pinned at $6.38 per share, indicating a year-over-year increase of 7.4%. As earnings estimates increase, the stock is likely to follow suit.

Near-Term ConcernsHowmet’s high debt level remains a concern. Exiting the second quarter of 2026, the company’s long-term debt (less amount due within one year) was $4.1 billion. The same stood at $2.86 billion at 2025-end. This increase was primarily attributable to funds raised for the company’s Consolidated Aerospace Manufacturing buyout (in April 2026).

HWM’s Valuation
Image Source: Zacks Investment Research

The stock trades at a forward 12-month price-to-earnings (P/E) ratio of 37.73X, higher than the industry average of 28.37X. Also, it is overvalued compared with its peers, Textron and L3Harris Technologies. Notably, Textron and L3Harris Technologies are trading at 10.85X and 18.03X, respectively. This elevated valuation could make the stock vulnerable to further pullbacks if market sentiment sours.

Final Take on HWMStrong trends across commercial and defense aerospace markets, driven by healthy production rates, engine spare demand and robust defense spending, support Howmet’s growth prospects. A solid liquidity position and shareholder-friendly actions further strengthen HWM’s investment appeal.

Despite its expensive valuation and rise in debt level, positive analyst sentiment, robust growth prospects and higher annual guidance for revenues and earnings indicate it is the appropriate time for potential investors to bet on this Zacks Rank #2 (Buy) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.