XSIAM od Palo Alto Networks zakončil čtvrtletí s ročními opakujícími se tržbami (ARR) nad 700 milionů USD, meziročně o 70 % výše, a zákaznická základna přesáhla 1 000.
Key Takeaways XSIAM ARR topped $700 million, up 70%, as its customer base surpassed 1,000 in fiscal 2026.PANW's platform approach drives multi-module XSIAM adoption and expansion across existing accounts.AI-driven threats and autonomous agents could boost demand for XSIAM's real-time security capabilities. Palo Alto Networks’ (PANW - Free Report) XSIAM business continued to grow rapidly in fiscal 2026. XSIAM ended the fourth quarter of fiscal 2026 with more than $700 million in annual recurring revenues (ARR), which increased 70% year over year and surpassed 1,000 customers. XSIAM was also a key growth driver for PANW’s Cortex business, which generated $1.92 billion in fiscal 2026 revenues, up 25% year over year.
XSIAM is benefiting from PANW’s platform approach. Customer telemetry is already available within XSIAM, allowing the company to add new capabilities without requiring customers to go through separate product integrations. The majority of XSIAM customers are using multiple modules, including exposure management and cloud security, which gives PANW more opportunities to expand within existing accounts.
The company is also positioning XSIAM to help customers respond to faster and more complex cyber threats. PANW said AI-driven attacks can identify vulnerabilities much faster, increasing the need for real-time detection and response. XSIAM supports this strategy by bringing security data together on a unified platform. For instance, a premier IT service provider included XSIAM in a $72 million transaction as part of a broader platformization deal. The customer made eight-figure investments across Network Security, Cortex and Idira.
PANW also sees AI deployment as a long-term demand driver for security operations. The growing use of autonomous agents is expected to create more network traffic, data and machine identities that enterprises will need to monitor and protect. Overall, XSIAM has several factors supporting continued growth, including its expanding customer base, multi-module adoption and rising demand for real-time security. The Zacks Consensus Estimate for fiscal 2027 and 2028 indicates revenue growth of around 23.4% and 14.4%, respectively.
How Competitors Fare Against PANWCompetitors like CrowdStrike (CRWD - Free Report) and SentinelOne (S - Free Report) are also gaining ground through platform expansion and AI innovation.
CrowdStrike ended its second quarter of fiscal 2027 with $5.84 billion in ARR, reflecting 25% year-over-year growth. The robust increase was fueled by the growing adoption of CrowdStrike’s Falcon Flex subscription model.
Though comparatively a small competitor, SentinelOne posted second-quarter fiscal 2027 year-over-year growth of 22% in its ARR. The growth was fueled by the rising adoption of SentinelOne’s AI-first Singularity platform and Purple AI.
PANW’s Price Performance, Valuation & EstimatesShares of Palo Alto Networks have jumped 80.9% in the year-to-date period compared with the Zacks Security industry’s appreciation of 71.8%.
PANW’s YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Palo Alto Networks trades at a forward price-to-sales ratio of 18.97X compared with the industry’s average of 17.14X. The Zacks Value Score of F suggests that PANW stock is overvalued.
PANW Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Palo Alto Networks’ fiscal 2027 and 2028 earnings implies year-over-year growth of 8.6% and 18.7%, respectively. The estimates for fiscal 2027 and 2028 have been revised up by 6 cents and 2 cents, respectively, over the past seven days.
Image Source: Zacks Investment Research
Palo Alto Networks currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
ADP rozšiřuje strategické partnerství s AWS, které má urychlit AI inovace v HR a mzdové agendě pro více než 1,1 milionu klientů ve 140 zemích a teritoriích. Spolupráce už zkrátila některé kritické kroky o více než 50 %.
Expanded strategic partnership combines ADP's 77 years of HR, payroll, and compliance expertise with AWS cloud and AI capabilities to help ADP clients navigate the growing complexity of workforce management in the AI era.
, /PRNewswire/ -- Amazon Web Services (AWS), an Amazon.com company, and ADP, a global leader in HR and payroll solutions, today announced an expanded, strategic partnership. The partnership affirms AWS as ADP's strategic cloud provider, enabling its continued AI transformation and ongoing innovation of generative and agentic AI solutions for its more than 1.1 million clients across 140 countries and territories.
"ADP is setting the standard for how AI can transform human capital management at global scale," said Scott Liska, vice president at AWS. "By combining ADP's deep expertise in payroll and HR with AWS's comprehensive AI and cloud capabilities, this partnership gives companies a smarter and more efficient way to manage their people and orchestrate work across the employee lifecycle."
"AI is transforming how work gets done, but it also increases the complexity of managing a global workforce. Organizations need trusted partners that can combine advanced AI with deep domain expertise," said Sreeni Kutam, president of global product and innovation at ADP. "Through our partnership with AWS, we're delivering faster, more intelligent innovation that helps our clients make high-stakes workforce decisions with greater confidence. By combining AI innovation with human expertise, we are creating meaningful outcomes for employees, managers, HR professionals, and payroll practitioners."
The expanded partnership helps organizations navigate increasing HCM complexity with confidence. The partnership builds on years of collaboration between the two companies, including ADP's recent work with the AWS Generative AI Innovation Center, a global team of strategists and scientists that helps companies design, build, and launch generative and agentic AI solutions.
Key focus areas for collaboration across the two companies include:
A cloud foundation for scalable AI innovation: ADP is executing a strategic platform transformation initiative on AWS. For example, by implementing agentic services like AWS Transform and AWS Kiro, ADP used AI to accelerate the manual effort of bringing thousands of key applications to the cloud, such as tax and payroll systems. With its workflows on AWS, ADP can now more rapidly deploy new AI capabilities and scale services to meet client demand, all while maintaining enterprise-grade security and compliance standards across geographies. ADP Assist agents: Built on AWS with Amazon Bedrock, ADP Assist is an intelligent assistant that helps HR professionals automate tedious processes, identify and correct payroll anomalies, find answers to complex questions, and generate instant reports. ADP Assist agents, built with Amazon Bedrock AgentCore, serve as purpose-built agents for employees, managers, and HR and payroll practitioners that think, plan, and take action under human oversight. ADP Lyric HCM: AWS cloud and AI technology powers ADP's award-winning Lyric HCM platform. With ADP Assist integrated, Lyric unifies global HR, payroll, talent, and workforce management, providing enterprise organizations with customizable workflows, real-time analytics for decision making, and personalized employee experiences. Through collaboration with AWS, ADP implemented a generative AI-driven client onboarding process that reduced certain critical steps by greater than 50%. Global Data Platform: ADP leverages AWS to optimize the industry's largest workforce dataset into an intelligence foundation that powers AI HCM capabilities, including ADP Assist and its AI agents that work across ADP's solutions. This global data platform on AWS represents an unmatched industry dataset informed by 77 years of data and expertise spanning 42 million wage earners worldwide, providing the architecture for more personalized experiences for clients at scale, with security, privacy, and compliance embedded from the ground up. About AWS
Amazon Web Services (AWS) is guided by customer obsession, pace of innovation, commitment to operational excellence, and long-term thinking. By democratizing technology for nearly two decades and making cloud computing and generative AI accessible to organizations of every size and industry, AWS has built one of the fastest-growing enterprise technology businesses in history. Millions of customers trust AWS to accelerate innovation, transform their businesses, and shape the future. With the most comprehensive AI capabilities and global infrastructure footprint, AWS empowers builders to turn big ideas into reality. Learn more at aws.amazon.com and follow @AWSNewsroom.
About ADP (NASDAQ: ADP)
ADP has been shaping the world of work with innovation and expertise for more than 75 years. As a global leader in HR and payroll solutions, ADP continuously works to solve business challenges for our clients and their workers, from simple, easy-to-use tools for small businesses to fully integrated platforms for global enterprises — and everything in between. Always Designing for People means we're focused on just that – people. We use our unmatched AI-driven insights and proven expertise to design innovative solutions that help people achieve greater success at work. More than 1.1 million clients across 140+ countries rely on ADP's exceptional service to support their people and drive their business forward. HR, Talent, Time Management, Benefits, Compliance, and Payroll. Learn more at ADP.com.
Key Takeaways ADP stock has gained 26.4% in six months, while FY27 revenues are estimated to rise 6%.ADP's FY26 ES bookings topped $2.2B, retention hit 92.1% and AI helped lift ES margins 60 bps.ADP returned $2.63B in dividends and bought back $2.08B in FY26 despite PEO margin risks. ADP (ADP - Free Report) stock has risen 26.4% over the past six months, beating the industry and the Zacks S&P 500 Composite's returns of 11.3% and 13.8%, respectively.
6-Month Share Price Performance Image Source: Zacks Investment Research
TheZacks Consensus Estimate for ADP’s fiscal 2027 revenues is set at $23.3 billion, implying 6% year-over-year growth. For fiscal 2028, the consensus estimate is $24.6 billion, suggesting a 5.6% uptick from the preceding year’s actual.
For EPS, the consensus mark for fiscal 2027 is pegged at $12.26, indicating 10.3% year-over-year growth. The Zacks Consensus Estimate for fiscal 2028 EPS is pegged at $13.4, suggesting 9.3% growth.
Factors That Augur Well for ADP’s SuccessSolid Bookings & High Retention: ADP’s new Employer Services (ES) bookings for fiscal 2026 exceeded $2.2 billion, marking 6% year-over-year growth. The company ended the fourth quarter of fiscal 2026 on a stronger note, supported by the Small Business portfolio, Employer Services HR outsourcing, and the enterprise and international businesses. Contributions from Lyric, the WorkForce Suite and global payroll offerings acted as vital driving forces, supported by high seller productivity achieved through AI-driven tools like The Zone.
ES retention came in strong at 92.1% for fiscal 2026, beating the company’s expectations and touching the guidance roof. AI investments improved accuracy, directly supporting client retention. High ES bookings, supported by a solid retention rate, create a strong revenue pipeline, limiting churn.
AI-Fueled Margin Expansion: During the fourth-quarter fiscal 2026 earnings release, CFO Peter Hadley mentioned that the company is pleased with the productivity gains realized following the AI implementation in service tools and product innovation. The operational productivity gained through these investments was one of the cornerstones in driving a year-over-year expansion of 60 basis points (bps) in ES margins for fiscal 2026. We expect margins to expand as AI continues to raise ADP’s operational prowess, which is in line with management expecting an adjusted EBIT margin expansion of 70-90 bps for fiscal 2027.
Shareholder-Friendly Actions: ADP has maintained a consistent record of returning capital to shareholders through dividends and repurchases. In fiscal 2024, the company paid out dividends of $2.18 billion, which rose to $2.4 billion and $2.63 billion in fiscal 2025 and fiscal 2026, respectively. The company also repurchased $2.08 billion in shares in fiscal 2026. These distributions were supported by $5.4 billion in operating cash flow, reinforcing the durability of its capital-return capacity. Such actions not only attract income-seeking investors but also raise investors’ morale by enhancing the bottom line.
Risks Faced by ADPBleak Employment Growth Limits Revenues: In fiscal 2026, U.S. pay per control increased 1%. Management anticipates the growth rate to be flat to 1% for fiscal 2027. We expect these modest employment-growth expectations to limit the upside in employee-linked revenues, mainly in mid-market and enterprise ES.
PEO Margin Weakness: ADP’s PEO margins dipped 100 bps in the fourth quarter of fiscal 2026 due to faster growth in zero-margin pass-through revenues and higher workers’ compensation and selling expenses. Management expects PEO margins to contract further in fiscal 2027, with zero-margin pass-throughs rising faster than overall PEO revenues. Therefore, continued PEO margin pressure could offset margin gains partially elsewhere in the business.
Expected Retention Drag: For fiscal 2027, management expects a 10-30-bps drag in ES retention from its unchanged 92.1% in fiscal 2026. Management’s expectation is grounded in assuming a small pullback in retention based on the near-record levels that the company operates at across its business and potential out-of-business rates to increase in the down market. If retention falls as expected, then it could affect the revenue pipeline created by the company’s solid bookings.
ADP’s Zacks Rank & Stocks to ConsiderThe company currently has a Zacks Rank of #3 (Hold).
Some better-ranked stocks from the broader Zacks Computer and Technology sector are Arista Networks (ANET - Free Report) and Amkor Technology (AMKR - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Arista Networks has a long-term earnings growth expectation of 22.7%. ANET delivered a trailing four-quarter earnings surprise of 8.9%, on average.
Amkor Technology has a long-term earnings growth expectation of 31.2%. AMKR delivered a trailing four-quarter earnings surprise of 43.6%, on average.
Strategy koupila 4 603 bitcoinů za 80 318 USD za kus a zvýšila svou zásobu na 845 050 BTC. Nákup je zatím pod vodou, protože bitcoin se obchoduje kolem 78 000 USD.
Michael Saylor just broke a ten-week silence with a massive Bitcoin buy, but the timing raises an uncomfortable question about whether Strategy's comeback signals conviction or a costly mistake.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Strategy (NASDAQ:MSTR | MSTR Price Prediction), the software company that executive chairman Michael Saylor turned into the world’s largest corporate Bitcoin (CRYPTO:BTC) holder, disclosed on August 31, 2026, that it bought 4,603 bitcoin at $80,318 per coin in the week of August 24 to 30, lifting its total position to 845,050 BTC.
It was Strategy’s first Bitcoin purchase in about 10 weeks, after the company sold roughly 7,000 BTC between June 30 and August 10 for between $59,000 and $64,000 per coin.
Bitcoin trades around $78,000 today, below the $80,318 price Strategy paid on August 31. That puts the latest purchase underwater on paper, with the coins currently worth less than the company paid for them. So did Saylor buy near the top, or is he simply sticking to the strategy he has followed all along?
Inside Strategy’s Latest Bitcoin Purchase
Strategy has been buying and holding Bitcoin since August 2020, making it the largest corporate Bitcoin holder. Strategy funds its purchases through common stock sales, convertible debt and perpetual preferred securities marketed as “Digital Credit,” including STRC, STRK, STRF, STRD and STRE.
The August 31 filing shows that Strategy spent $369.7 million on its latest purchase, buying 4,603 BTC at an average price of $80,318 per coin. It funded the purchase with $602.8 million from common stock sales and used $151.8 million to repurchase STRC.
After the purchase, Strategy held 845,050 BTC at an average cost of $75,412 per coin, bringing its total Bitcoin outlay to $63.73 billion. That average is simply the total amount spent divided by the total Bitcoin owned, so buying above $75,412 pushes the average higher. Since the latest coins cost $80,318 each, this purchase was about $5,000 above Strategy’s average and increased its overall cost basis.
Strategy Sold Bitcoin Four Times Before Buying It Back
Strategy paused its Bitcoin purchases in June 2026 as falling prices put pressure on its financing model and weighed on its common and preferred shares. In late June, the company announced a plan to keep cash available for dividend and interest payments, while retaining the option to sell Bitcoin if necessary.
The company then reduced its Bitcoin holdings four times between June 30 and August 10. It sold 1,363 BTC at $59,256 on June 30, another 2,225 BTC at $60,773 on July 6, 1,638 BTC at $63,957 on August 3, and 1,690 BTC at $64,262 on August 10. Together, those sales amounted to 6,916 BTC, with the sale prices ranging from about $59,000 to $64,000 per coin.
CEO Phong Le said the sales were intended to cover preferred dividends and reduce debt rather than signal a change in Strategy’s long-term view of Bitcoin. The timing, however, means the company sold thousands of Bitcoin below the $80,318 price it paid for its latest purchase on August 31.
Saylor posted “We’re ₿ack” on August 30, one day before the latest purchase was disclosed. Strategy now reports 0.0% net leverage, $6.71 billion in dollar assets and $1.61 billion in cash, showing how much liquidity the company rebuilt during the pause.
Who Else Is Buying Bitcoin?
The market is also attracting buyers beyond Strategy, with spot Bitcoin ETFs—exchange-traded funds that hold actual bitcoin and allow investors to gain exposure through a regular brokerage account—recording $3.52 billion in inflows in August 2026. BlackRock, Fidelity, and several other major financial firms now operate these funds, giving investors a more familiar way to gain exposure to bitcoin without having to buy and hold the asset themselves.
CEO Phong Le made the same point from the traditional-finance side on the first-quarter 2026 earnings call, saying, “We also continue to see traditional finance and major banks including Morgan Stanley, Goldman Sachs, and Citi announcing bitcoin ETFs, trading, custody, and lending services.”
However, ETF numbers themselves show that institutional buying has not moved in a straight line. Spot Bitcoin ETFs recorded $2.43 billion in outflows in May and another $4.51 billion in June, before flows turned positive again in July with $172.43 million in inflows. The stronger $3.52 billion recorded in August suggests that demand had begun picking up again, opening the market again to institutional players, pension funds, insurers, and wealth-management channels that had far fewer ways to access bitcoin three years ago.
Is Saylor Back? Saylor appears to be back in the market, but it is too early to say that Strategy has fully returned to its old buying pattern. The August 31 purchase shows that the ten-week pause did not represent a permanent shift away from Bitcoin, while the company’s rebuilt cash position gives it more room to keep buying if prices remain under pressure.
At the same time, Strategy sold nearly 7,000 BTC at prices between $59,000 and $64,000 before buying 4,603 BTC at $80,318, making the latest purchase look more like a renewed commitment than a particularly well-timed trade.
If Strategy continues buying at prices below $85,000 and keeps using its capital-markets machine to fund those purchases, Saylor’s “we’re back” message will carry more weight. If this turns out to be a one-off purchase after a long pause, the ten-week break may have been the stronger signal.
Contact [email protected] for any questions or corrections.
Plug Power v první polovině roku 2026 zvýšil tržby o 11,1 % na 341,8 milionu USD, ale vykázal čistou ztrátu 433,5 milionu USD. Firma zároveň získala velké zakázky na elektrolyzéry v Austrálii a Spojeném království.
Key Takeaways Plug Power's revenues rose 11.1% in the first half of 2026, driven by strong growth in key streams.PLUG secured major electrolyzer orders in Australia and the United Kingdom, strengthening its position.Plug Power reported a $433.5 million net loss, pressured by convertible debt and warrant liabilities. Plug Power Inc. (PLUG - Free Report) shares have surged 10.1% in the year-to-date period, underperforming the industry and the S&P 500, which have returned 37.5% and 12.2%, respectively. In comparison, the company’s peers like Bloom Energy Corporation (BE - Free Report) and FuelCell Energy, Inc. (FCEL - Free Report) have gained 191% and 104.5%, respectively, over the same time frame.
PLUG Underperforms Industry & S&P 500
Image Source: Zacks Investment Research
Although PLUG has been persistently grappling with net losses, its growing presence in the lucrative green hydrogen energy and strong expertise in the electrolyzer market are expected to drive its long-term performance.
Let’s take a look at PLUG’s fundamentals to better analyze how to play the stock.
Factors Driving PLUG’s PerformancePlug Power showed encouraging signs of recovery across its core businesses during the first six months of 2026. The company’s total net revenues increased to $341.8 million compared with $307.6 million in the first six months of 2025. While revenues from equipment, related infrastructure and other products declined 1.1% year over year to $160.9 million from $162.7 million, the impact was more than offset by strong growth in other revenue streams.
Revenues from services performed on fuel cell systems and related infrastructure increased 55.9% year over year to $51.8 million, while revenues from power purchase agreements increased 13.6% to $53.2 million. Fuel revenues also continued to benefit from rising hydrogen consumption, supporting the company’s broader revenue recovery.
Plug Power is benefiting from an increase in demand for its electrolyzer product line. In the first half of 2026, the company generated $54.1 million in electrolyzer revenues, in line with the prior-year period, reflecting continued demand for its green hydrogen production solutions despite project timing differences.
Demand for Plug Power’s GenEco proton exchange membrane (PEM) electrolyzers continues to increase across industrial and energy sectors globally. PLUG’s electrolyzers enable customers in refining, chemicals, steel, fertilizer and commercial refueling to generate hydrogen on-site. Healthy demand for electrolyzers continues to be supported by strong policy backing in Europe, where government investments and faster project timelines are accelerating green hydrogen adoption.
It is worth noting that in July 2026, Plug Power secured a 50-megawatt (MW) GenEco electrolyzer order for Orica’s Hunter Valley Hydrogen Hub in Australia, which became the country’s largest renewable hydrogen project to reach final investment decision (FID). Also, in May 2026, the 30-MW Barrow Green Hydrogen Project in the United Kingdom reached FID, with PLUG set to supply six 5-MW GenEco PEM electrolyzers for the renewable hydrogen facility. These projects strengthen the company’s position as a leading provider of large-scale green hydrogen solutions.
However, Plug Power continues to face significant financial pressures. The company reported a net loss attributable to Plug Power of approximately $433.5 million in the first six months of 2026 compared with $423.8 million in the prior-year period. The higher loss was primarily affected by a $145.0 million loss from changes in the fair value of convertible debt instruments and an $83.9 million loss from changes in the fair value of warrant liabilities.
PLUG also operates in the highly competitive green hydrogen and fuel cell markets, which include major industry players like FuelCell Energy and Bloom Energy.
PLUG’s Estimate Revisions
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for PLUG’s bottom line for 2026 has declined in the past 60 days.
Valuation
Image Source: Zacks Investment Research
From a valuation standpoint, Plug Power is trading at a trailing price-to-sales ratio of 3.26X compared with the industry average of 7.7X. In comparison, FuelCell Energy and Bloom Energy are trading at 5.11X and 12.94X, respectively.
ConclusionStrong revenue growth, resilient electrolyzer demand and a robust project pipeline are likely to support Plug Power’s long-term performance. While significant net losses remain near-term concern, this Zacks Rank #3 (Hold) company’s growing presence in the large-scale green hydrogen market and improving business momentum offer attractive long-term growth prospects.
While current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry point.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Společnost Canadian Pacific v srpnu 2026 přepravila rekordních 2,54 mil. tun kanadského obilí a obilných produktů. V celé síti v USA a Kanadě dosáhla také rekordu 4,86 mil. tun a 50 396 vozů.
Key Takeaways CP moved a record 2.54 MMT of Canadian grain and grain products in August 2026.Canadian Pacific's U.S. and Canada network moved a record 4.86 MMT and 50,396 carloads in August.Canadian Pacific moved 30.66 MMT of Canadian grain in 2025-2026, topping the prior annual record. Canadian Pacific Kansas City (CP - Free Report) is benefiting from strong grain export demand and continued operational efficiency, as evidenced by its record-setting grain volumes in August 2026. The company transported 2.54 million metric tonnes (MMT) of Canadian grain and grain products and 26,051 carloads during August 2026, surpassing the earlier tonnage and carload records set in August 2020.
The August achievement covers the first four weeks of the 2026-2027 crop year, which started on Aug. 1, 2026, and it reflects a solid start to the new crop year.
Across Canadian Pacific's U.S. and Canadian network, a combined monthly tonnage record of 4.86 MMT and 50,396 carloads was achieved in August.
This achievement highlights the railroad's ability to support elevated agricultural shipments while maintaining network fluidity. The record performance builds on a strong trend throughout the 2025-2026 crop year. Canadian Pacific ended the 2025-2026 crop year by moving 30.66 MMT of Canadian grain and grain products during the 12-month period. This annual volume surpassed the earlier record set in the 2020–2021 crop year. Monthly records earlier this year have been set in January, February, April, May and June.
The sustained growth underscores favorable grain production and resilient export demand across global markets. It also demonstrates the effectiveness of CP’s rail network and reinforces its role as a key transportation partner for Canada's agricultural sector. Strong grain volumes also provide a supportive backdrop for revenue generation and asset utilization.
August 2026 Grain Performance of Another Railroad CompanyApart from Canadian Pacific,Canadian National Railway (CNI - Free Report) set a new record for grain movement in August 2026. The company moved 2.50 MMT of grain during the month, exceeding the previous August record of 2.34 MMT set in 2020. Strong demand and efficient network operations are likely to remain supportive as the company enters the new crop year.
The record grain movement reflects a robust start to the 2026–2027 crop year as the harvest season advances across Western Canada and new grain starts moving through the supply chain. The strong performance also indicates effective coordination with customers and other supply-chain partners, along with consistent execution of CNI’s operating plan. The company’s ability to unlock incremental capacity supported higher volumes while strengthening service reliability across the grain supply chain.
CP’s Zacks Rank and Stocks to ConsiderCurrently, CP carries a Zacks Rank #3 (Hold).
Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Seanergy Maritime Holdings (SHIP - Free Report) .
Expeditors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EXPD has an expected earnings growth rate of 28.6% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.
Seanergy Maritime Holdings currently sports a Zacks Rank #1.
SHIP has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 38%.
Ares Capital umístila veřejnou nabídku nezajištěných dluhopisů za 750 milionů USD s kuponem 6,250 % a splatností 15. září 2033. Čistý výnos použije na splacení části dluhu.
, /PRNewswire/ -- Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $750 million in aggregate principal amount of 6.250% notes due 2033. The notes will mature on September 15, 2033 and may be redeemed in whole or in part at Ares Capital's option at any time at par plus a "make-whole" premium, if applicable.
BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Barclays Capital Inc., CIBC World Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are acting as joint book-running managers for this offering. BNP Paribas Securities Corp., Capital One Securities, Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC, Regions Securities LLC, SG Americas Securities, LLC, BNY Mellon Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, ICBC Standard Bank Plc and Natixis Securities Americas LLC are acting as joint lead managers for this offering. Ares Management Capital Markets LLC, Deutsche Bank Securities Inc., ING Financial Markets LLC, R. Seelaus & Co., LLC, Academy Securities, Inc., Citigroup Global Markets Inc., Keefe, Bruyette & Woods, Inc., Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC are acting as co-managers for this offering. The offering is expected to close on September 15, 2026, subject to customary closing conditions.
Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities. Ares Capital may reborrow under its debt facilities for general corporate purposes, which include investing in portfolio companies in accordance with its investment objective.
Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing. The pricing term sheet dated September 8, 2026, the preliminary prospectus supplement dated September 8, 2026, and the accompanying prospectus dated May 1, 2024, each of which have been filed with the Securities and Exchange Commission, contain this and other information about Ares Capital and should be read carefully before investing.
The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of Ares Capital and are not soliciting an offer to buy such securities in any jurisdiction where such offer and sale is not permitted.
The offering may be made only by means of a preliminary prospectus supplement and an accompanying prospectus. Copies of the preliminary prospectus supplement (and accompanying prospectus) may be obtained from
Prospectus Department, or by calling 1-800-294-1322, or email [email protected]; J.P. Morgan Securities LLC, 270 Park Avenue, New York, NY 10017, Attn: Investment Grade Syndicate Desk, 212-834-4533; RBC Capital Markets, LLC, Brookfield Place, 200 Vesey Street, 8th Floor, New York, NY 10281, by toll-free telephone at 1-866-375-6829 or email [email protected]; SMBC Nikko Securities America, Inc. at 277 Park Avenue, New York, New York 10172, Attn: [email protected]; or Wells Fargo Securities, LLC at 1-800-645-3751.
ABOUT ARES CAPITAL CORPORATION
Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital's objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which oftentimes can lead to economic growth and employment. Ares Capital believes its loans and other investments in these companies can help generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a business development company ("BDC") and was the largest publicly traded BDC by market capitalization as of June 30, 2026. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE: ARES), a publicly traded, leading global alternative investment manager.
FORWARD-LOOKING STATEMENTS
Statements included herein may constitute "forward-looking statements," which relate to future events or Ares Capital's future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results and conditions may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Ares Capital's filings with the Securities and Exchange Commission. Ares Capital undertakes no duty to update any forward-looking statements made herein.
INVESTOR RELATIONS CONTACTS
Ares Capital Corporation
John Stilmar or Carl Drake
888-818-5298
[email protected]
Tesla podle zprávy zadala první velkou objednávku dílů pro zhruba 5 000 robotů Optimus, což naznačuje posun od prototypů k sériové výrobě. XPENG mezitím spustil automatizovanou linku, kde roboti skládají další roboty.
For years, the humanoid robotics race has been about proving the technology works. This week, the conversation shifted to something arguably more important: whether companies can manufacture these machines at scale.
Announcements from Tesla Inc (NASDAQ:TSLA) and XPeng Inc. (NYSE:XPEV) suggest the industry’s next battleground is no longer intelligence—it’s production.
Tesla Optimus ProductionTesla has reportedly taken a significant step toward scaling its Optimus humanoid robot. According to a report by Chinese outlet Jiemian News, citing supply-chain sources, the company has placed its first large-scale component order covering roughly 5,000 Optimus robots, marking the program’s first procurement in the thousands. Tesla has not publicly confirmed the report.
The reported order comes as suppliers prepare for production audits and higher manufacturing volumes, signaling that the focus is moving beyond prototype development and toward repeatable factory output. It also aligns with Tesla’s earlier guidance that first-generation Optimus production lines are being installed in Fremont ahead of volume production.
While Tesla has previously showcased Optimus performing factory tasks, large-scale manufacturing has remained the bigger challenge. If the supply-chain reports prove accurate, the company’s priorities are beginning to shift from engineering demonstrations to execution.
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XPENG Robot FactoryXPENG made an equally notable announcement from China.
CEO He Xiaopeng said the company has launched what it describes as the world’s first automated production line for advanced general-purpose humanoid robots, with robots assembling other robots autonomously. Calling the milestone “uncharted territory,” He said the production line means humanoid robots are now ready to “scale up and step into the real world.”
The announcement builds on XPENG’s previously disclosed ambition to begin large-scale production of its IRON humanoid robot by the end of 2026 and eventually expand commercial deployments beyond factories.
Unlike earlier product unveilings that emphasized robot capabilities, XPENG’s latest update puts manufacturing at the center of its strategy—suggesting production capacity is becoming as important as artificial intelligence itself.
What Investors Should WatchTesla’s reported production order and XPENG’s automated robot factory point to the same emerging trend: the humanoid robotics industry is entering its manufacturing phase.
That does not mean mass adoption is imminent. Companies still need to prove these robots can perform useful work reliably and economically. But if the race is indeed shifting from prototypes to production, investors may need to look beyond the robot makers themselves.
Component suppliers, precision manufacturers and industrial automation companies could become just as important as the firms building the humanoids, especially if large-scale production becomes the industry’s next competitive advantage.
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Image created using artificial intelligence via ChatGPT
Pentair oznámil, že odprodej zásob v poolovém kanálu snížil prodeje segmentu o zhruba 170 milionů USD a příjem segmentu o asi 105 milionů USD. Akcie po zprávě klesly o 15 %.
Philadelphia, Pennsylvania--(Newsfile Corp. - September 8, 2026) - Berger Montague, a leading national plaintiffs' law firm, announces a class action lawsuit against Pentair plc (NYSE: PNR) ("Pentair" or the "Company") on behalf of investors who purchased or acquired Pentair securities during the period from March 11, 2025 through July 14, 2026 (the "Class Period").
Q&A
What is this lawsuit about?
According to the complaint, between March 11, 2025 and July 14, 2026, Pentair and certain executives failed to disclose that: (1) there was significant destocking of inventory in the Pool channel; and (2) as a result, the Company's sales and operating income were adversely affected. The truth allegedly began to emerge on July 14, 2026, after the market closed, when Pentair announced preliminary second quarter 2026 financial results, disclosing that Pool channel destocking had reduced Pool segment sales by approximately $170 million and Pool segment income by approximately $105 million. As a result, second quarter 2026 sales were expected to be down 17 percent versus the prior guide of approximately 1 percent growth, and full year 2026 sales were expected to be down approximately 4 percent to 7 percent versus the prior guide of up 2 percent to 4 percent. Pentair also announced the immediate departure of its Chief Financial Officer. On this news, Pentair's stock price fell $11.35, or 15%, to close at $64.33 per share on July 15, 2026, on unusually heavy trading volume.
Who is Pentair?
Pentair plc, headquartered in London, describes itself as a leader in helping the world sustainably move, improve, and enjoy water. The Company operates through three segments: Flow, Water Solutions, and Pool. The Pool segment designing and selling residential and commercial pool equipment, including pumps, filters, heaters, and automatic controls.
What do I need to do?
Investor Deadline: Investors who purchased or acquired Pentair securities during the Class Period may, no later than October 2, 2026, seek to be appointed as a lead plaintiff representative of the class.
To learn more or discuss your rights, contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015 or Caitlin Adorni at [email protected] or (267) 764-4865 or visit our website.
About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313209
Source: Berger Montague
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On Tuesday, Novartis AG (NYSE:NVS) stock witnessed one of the sharpest single-day declines for the company in recent history.
Phase 3 HARBOR Trial Misses Primary EndpointOn Tuesday, the company shared data from the global Phase 3 HARBOR study evaluating del-desiran for myotonic dystrophy type 1 (DM1).
The study did not demonstrate statistically significant improvement versus placebo on the primary endpoint of video hand opening time (vHOT), a novel measure of hand myotonia.
Myotonia is a neuromuscular condition where muscles are unable to relax right away after a voluntary contraction or strong effort.
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Safety findings from HARBOR were generally consistent with previously reported data.
Novartis is evaluating the full HARBOR dataset and will engage with health authorities to determine the most appropriate development path for del-desiran.
Del-desiran is one of three antibody-oligonucleotide conjugate (AOC) therapies added to the Novartis neuromuscular pipeline through the acquisition of Avidity Biosciences for a whopping $12 billion.
Status of $12 Billion Avidity Pipeline AcquisitionNovartis is advancing delpacibart zotadirsen (del-zota) in patients with Duchenne muscular dystrophy with mutations amenable to exon 44 skipping (DMD44).
The company filed del-zota for accelerated approval and received FDA priority review designation.
Novartis is planning to meet with the FDA on next steps for delpacibart braxlosiran (del-brax) in facioscapulohumeral muscular dystrophy (FSHD) based on recent positive Phase 1/2 biomarker data.
Pelacarsen Cardiovascular Trial FailsOn Friday, Novartis also shared another trial disappointment after it released data from the pelacarsen phase 3 Lp(a)HORIZON trial, a cardiovascular outcomes study.
The study did not meet its primary endpoint of reducing the risk of cardiovascular events, a composite of cardiovascular death, non-fatal myocardial infarction, non-fatal stroke, and urgent coronary revascularization requiring hospitalization, compared to placebo.
Lower lipoprotein (a) (Lp(a)) levels were achieved with pelacarsen in this study population, which was receiving guideline-directed treatments, including lipid-lowering and antihypertensive therapies.
Elevated Lp(a) is an inherited cardiovascular risk factor affecting approximately one in five people worldwide with no approved targeted treatment.
Ripple Effect Hits PartnersAfter the update, Ionis Pharmaceuticals Inc. (NASDAQ:IONS) stock also tanked as Novartis obtained global rights to develop, manufacture, and commercialize pelacarsen under a 2019 license and collaboration agreement.
In 2023, Royalty Pharma plc (NASDAQ:RPRX) acquired an interest in Ionis’ royalty in Biogen’s SPINRAZA (nusinersen) and Novartis’ pelacarsen for up to $1.125 billion, including an upfront payment of $500 million and up to $625 million in additional pelacarsen milestone payments.
After the disappointing trial data, Royalty Pharma stock is also trading lower on Tuesday.
NVS/IONS/RPRX Stock Price Activity: Novartis shares were down 12.57% at $139.88, Ionis Pharmaceuticals shares were down 9.80% at $52.40, and Royalty Pharma shares were down 6.29% at $59.94 during premarket trading Tuesday, according to Benzinga Pro data.
Cameco provozuje největší komerční uranovou rafinerii na světě v Ontariu a jedinou kanadskou konverzní továrnu v Port Hope. Firma má smlouvy na zhruba 83 milionů kilogramů UF6 pro 33 utilit.
Cameco (CCJ +1.22%) owns the largest commercial uranium refinery in the world. And it's not in Kazakhstan, China, or Russia. It's in Blind River, Ontario, Canada.
The Blind River refinery takes uranium concentrate (commonly called yellowcake) and removes impurities to produce uranium trioxide, or UO3. That material is then shipped to Cameco's Port Hope facility, where it's converted into what ultimately becomes nuclear fuel. Blind River currently has a production capacity of 18 million kilograms of uranium annually and is licensed for up to 24 million kilograms. Indeed, Cameco is much more than just a uranium miner.
Cameco controls more of the fuel cycle Mining uranium is only the beginning of the nuclear fuel cycle. Before uranium can fuel most reactors, it has to be refined, converted, and, depending on the reactor, enriched and fabricated into fuel rods. Cameco participates in several of those steps.
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After uranium is refined at Blind River, much of the UO3 travels to Cameco's Port Hope Conversion Facility. Port Hope converts it into either uranium hexafluoride, or UF6, which can be enriched for light-water reactors, or uranium dioxide (UO2), which is used to produce fuel for Canada's CANDU reactors, which are heavy water (deuterium oxide) reactors.
Now you have to understand that Port Hope would be particularly difficult to replace. It's Canada's only uranium conversion facility, one of only a handful of Western suppliers of UF6, and the world's only commercial supplier of natural UO2 used in CANDU reactors. That's a strategic position few nuclear companies can match. And demand is strong.
Cameco produced 6.3 million kilograms of fuel-services products during the first half of 2026 and still expects to produce between 13 million and 14 million kilograms for the full year. Those facilities aren't sitting around waiting for customers, either. Cameco entered 2026 with contracts covering roughly 83 million kilograms of UF6 conversion services for 33 utilities around the world.
Image source: Getty Images.
A different way to invest in nuclear power This is one of the reasons I continue to like Cameco as a long-term nuclear investment. You see, companies like Oklo (OKLO +4.94%) and NuScale (SMR +15.26%) need to successfully commercialize new reactor designs before they can generate substantial reactor-related revenue. Cameco doesn't need to predict which advanced reactor company will ultimately win the race to commercialize its designs.
Existing nuclear plants need fuel today. New reactors will need fuel tomorrow. Cameco can sell the uranium, refine it, convert it, manufacture CANDU fuel, and, through its stake in Westinghouse Electric Company, participate in the reactor business itself.
Understandably, the Blind River refinery and Port Hope conversion facility won't generate the excitement of a new small modular reactor. But they occupy critical positions in a Western nuclear fuel supply chain that's becoming increasingly valuable as electricity demand rises and utilities look to nuclear power for reliable, around-the-clock generation. And of course, more nuclear generation means more demand for uranium, conversion services, and nuclear fuel -- exactly the parts of the supply chain Cameco already controls.
Canada might not be literally unable to survive without these facilities. But replacing them would be extraordinarily difficult. And that gives Cameco a very real and strategic advantage as the global energy economy continues to rapidly expand.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors bought 3,902 call options on the stock. This represents an increase of 94% compared to the typical daily volume of 2,016 call options.
Wall Street Analysts Forecast Growth A number of analysts have weighed in on the company. TD Cowen reduced their target price on McCormick & Company, Incorporated from $64.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on shares of McCormick & Company, Incorporated from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Jefferies Financial Group dropped their price target on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, June 4th. UBS Group upped their price objective on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Barclays lowered their target price on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, June 26th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.50.
Read Our Latest Research Report on McCormick & Company, Incorporated
Insider Activity In other McCormick & Company, Incorporated news, major shareholder Lawrence Kurzius sold 205,538 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $52.69, for a total transaction of $10,829,797.22. Following the completion of the transaction, the insider owned 296,992 shares in the company, valued at $15,648,508.48. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is owned by company insiders. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in shares of McCormick & Company, Incorporated by 4,040.2% during the second quarter. California State Teachers Retirement System now owns 22,290,279 shares of the company’s stock valued at $1,123,876,000 after purchasing an additional 21,751,887 shares during the last quarter. Aristotle Capital Management LLC grew its stake in McCormick & Company, Incorporated by 231.9% in the 1st quarter. Aristotle Capital Management LLC now owns 12,664,378 shares of the company’s stock valued at $638,795,000 after buying an additional 8,848,235 shares during the last quarter. XXEC Inc. bought a new position in McCormick & Company, Incorporated in the 2nd quarter worth approximately $154,566,000. Invesco Ltd. raised its stake in shares of McCormick & Company, Incorporated by 66.7% in the third quarter. Invesco Ltd. now owns 6,232,337 shares of the company’s stock valued at $417,006,000 after purchasing an additional 2,494,544 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of McCormick & Company, Incorporated by 67.2% during the 3rd quarter. Wellington Management Group LLP now owns 2,797,533 shares of the company’s stock valued at $187,183,000 after acquiring an additional 1,124,003 shares in the last quarter. Institutional investors and hedge funds own 79.74% of the company’s stock.
McCormick & Company, Incorporated Stock Down 0.3% McCormick & Company, Incorporated stock opened at $51.94 on Wednesday. The stock’s fifty day moving average is $52.95 and its two-hundred day moving average is $52.82. The stock has a market cap of $13.96 billion, a PE ratio of 8.64, a P/E/G ratio of 2.05 and a beta of 0.64. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.78 and a quick ratio of 0.39.
McCormick & Company, Incorporated (NYSE:MKC – Get Free Report) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.11. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.91 billion. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. McCormick & Company, Incorporated has set its FY 2026 guidance at 3.050-3.130 EPS. On average, sell-side analysts expect that McCormick & Company, Incorporated will post 3.08 EPS for the current fiscal year.
McCormick & Company, Incorporated Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, July 6th were given a $0.48 dividend. The ex-dividend date was Monday, July 6th. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. McCormick & Company, Incorporated’s payout ratio is currently 31.95%.
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McCormick & Company, Incorporated (NYSE: MKC) is a global leader in spices, seasonings and flavor solutions. Headquartered in Hunt Valley, Maryland, the company traces its origins to the late 19th century and has grown into a major manufacturer and marketer of branded and private‑label flavor products for consumer, industrial and foodservice markets.
McCormick’s product portfolio includes pure spices and herbs, blended seasonings, marinades, rubs, sauces, extracts and specialty flavorings, along with ingredient systems and custom flavor development for manufacturers and foodservice operators.
See Also Five stocks we like better than McCormick & Company, Incorporated Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For Receive News & Ratings for McCormick & Company Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McCormick & Company Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.
Cardinal Health propojuje technologie napříč distribucí, specializovanými službami i logistikou a v Sonexus vytvořil end-to-end digitální workflow pro radiofarmaka. Firma zároveň počítá s kapitálovými výdaji ve výši 700 milionů USD ve fiskálním roce 2027.
Key Takeaways CAH is integrating technology across distribution, specialty services, patient support and logistics.Sonexus now connects with Nuclear's web-ordering platform for an end-to-end digital workflow.CAH expects $700 million in fiscal 2027 capital spending, including infrastructure and technology. Cardinal Health’s (CAH - Free Report) fiscal 2026 results suggest that technology is becoming an increasingly important layer across its healthcare infrastructure, complementing its traditional distribution capabilities. The company has invested heavily in automation, technology and advanced analytics across its distribution network, with management citing meaningful gains in efficiency and service performance. These investments are translating into measurable operational benefits: Cardinal’s total fill rate reached nearly 99%, while the company recorded its best quarter for on-time departures.
The transformation is particularly visible in Sonexus, Cardinal Health’s specialty access and patient-support business. Rather than operating Sonexus as a standalone service, Cardinal Health has integrated it directly into the Nuclear business’ web-ordering platform. The result is an end-to-end digital workflow for high-cost radiopharmaceuticals, combining insurance-benefit verification, patient enrollment and order placement within a single system. This integration potentially reduces friction across a highly complex healthcare transaction while improving the experience for providers and patients.
Technology is also reshaping Cardinal Health’s logistics offering. OptiFreight is expanding its technology-enabled products, including Shipment Navigator and Tracking Beacon, which are designed to provide customers with greater visibility and insights into outbound pharmacy shipments. Management said adoption has been strong, as these solutions are built to generate cost savings and efficiency for healthcare providers.
The broader strategy is therefore moving beyond simply distributing pharmaceuticals and medical products. Cardinal Health is increasingly connecting distribution, specialty services, patient support and logistics through digital workflows. Its Consumer Health Logistics Center, meanwhile, has used technology and automation to improve service levels and customer access.
The financial opportunity lies in making these investments scalable. Cardinal expects $700 million of fiscal 2027 capital expenditures, including infrastructure and technology investments supporting future growth. If technology continues improving throughput, accuracy, customer experience and supply-chain visibility, Cardinal Health could increasingly operate as a tech-enabled healthcare platform rather than a conventional distributor.
Peer UpdatesCONMED (CNMD - Free Report) is building its technology proposition around AirSeal, using differentiated surgical technology and clinical evidence to improve procedure efficiency and outcomes. AirSeal’s low-pressure insufflation platform is designed to improve visualization, reduce procedure times, postoperative pain and length of stay, making it increasingly relevant as robotic surgery expands across specialties and ASCs. CONMED is also generating ASC-specific economic data and expanding clinical relationships in laparoscopic applications such as colorectal and gynecology. With AirSeal currently used in only 6-7% of more than 3 million U.S. laparoscopic procedures, the company has substantial room to expand utilization. Management expects long-term AirSeal growth of high-single-digit to low-double-digit rates.
Align Technology (ALGN - Free Report) is developing a broader digital healthcare platform that connects imaging, diagnostics, treatment planning and treatment delivery. Its Align Digital Platform integrates iTero scanners, Invisalign, exocad and X-ray Insight software, creating a connected workflow spanning orthodontic and restorative dentistry. New platform capabilities are designed to improve patient engagement, treatment planning and workflow efficiency, while software, visualization, digital planning and 3D printing help doctors increase practice productivity. The strategy is also expanding the installed scanner base through lower-cost configurations, leasing and rental models, which can increase digital adoption and create a larger funnel for higher-margin, recurring treatment revenue. With active scanner units up 11% year over year and scans rising 16%, growing platform utilization could reinforce Align’s long-term competitive moat.
CAH’s Price Performance, Valuation and EstimatesShares of CAH have gained 17.5% so far this year compared with the industry’s 7.3% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, Cardinal Health trades at a forward price-to-earnings of 19.2X, above the industry average. However, it is trading lower than its five-year high of 22.19X. CAH carries a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Cardinal Health’s fiscal 2027 earnings implies an 11.5% rise from the year-ago reported number.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lucid za poslední měsíc klesl o 33 % na 4,70 USD, i když tržby ve 2. čtvrtletí vzrostly o 56 % na 405 milionů USD. Firma ale dál pálí hotovost a omezila výrobu, aby snížila zásoby.
Lucid stock has cratered while rivals like Tesla and Rivian held their ground, and the company's latest financials reveal a tension between surging revenue and an alarming cash burn that puts every investor's next move under pressure.
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Lucid Group (NASDAQ:LCID | LCID Price Prediction) stock has fallen 33% over the past month to $4.70, leaving investors to decide whether the sharp decline represents a warning sign or a potential opportunity. Lucid stock has severely lagged several major electric-vehicle names, with the latest drop coming as the company works through an operational reset while trying to conserve cash and build demand.
Lucid’s second-quarter results provide arguments for both sides. The automaker generated $405 million of quarterly revenue, up 56% year over year, while deliveries rose 19% to 3,953 vehicles, but Lucid also reported a major cash-burn problem and acknowledged the need to reduce production and inventory.
Lucid Stock Has Fallen Far Behind Its Peers Lucid stock’s 33% one-month decline looks particularly painful next to the performance of other electric-vehicle stocks. Rivian Automotive (NASDAQ:RIVN) stock is up 0.87% over the same period to $16.14, while Tesla (NASDAQ:TSLA) stock is up 11% to $366.11.
Tesla has also been dealing with uneven electric vehicle (EV) demand, including a slowdown in the growth of China-made vehicle sales during August, but Tesla’s scale and broader business give Tesla stock a very different risk profile from Lucid stock. Rivian likewise has a larger production base, leaving Lucid with a much smaller margin for execution mistakes as Lucid tries to reach the next stage of its growth plan.
The EV ETF Has Held Up Better The broader EV and autonomous-driving theme hasn’t suffered nearly as much as Lucid stock. The Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) is down 2% over the past month to $34.89, meaning Lucid stock has underperformed the thematic ETF by a wide margin.
The DRIV ETF offers exposure across electric vehicles, autonomous-driving technology, components and related materials, which gives investors a much broader basket than a concentrated bet on Lucid. Tesla is among DRIV’s holdings, while the fund also includes companies such as NVIDIA (NASDAQ:NVDA) and Alphabet (NASDAQ:GOOGL), underscoring how much broader the autonomous-vehicle investment theme has become.
Lucid Has a Real Bull Case Lucid has several developments that could eventually support a recovery in Lucid stock. Lucid’s Gravity program is progressing, the company is working with Uber and Nuro on robotaxi testing, and Lucid has identified $1.4 billion of potential 2026 cash-flow improvements while targeting a midsize vehicle program for future growth.
However, Lucid’s financial position remains the biggest concern. Lucid ended the second quarter with $3 billion of total liquidity, but Lucid’s free cash flow was negative $1.476 billion, and management intentionally reduced production to lower inventory and preserve cash.
Selling Could Still Be The Safer Choice Lucid stock could rebound if the company’s cost-cutting efforts work, Gravity gains traction and the midsize vehicle program expands the addressable market. Investors may want to watch for whether Lucid can reduce cash burn while improving deliveries, because stronger revenue alone may not be enough to change the investment case.
However, the 33% monthly decline reflects serious concerns that may not disappear quickly. Investors who choose to hold Lucid stock should consider keeping their position sizes moderate, while investors without an existing position may prefer waiting for clearer evidence that Lucid’s operational reset is translating into stronger financial results.
Contact [email protected] for any questions or corrections.
Upstart se soustředí na své hlavní osobní úvěry, jejichž růst ve 2. čtvrtletí zrychlil na zhruba 3,5násobek souhrnného tempa předchozích tří čtvrtletí.
Pathward’s Credit Scare Tests Its Comeback StoryUpstart NASDAQ: UPST CEO Paul Gu said the company is concentrating its efforts on expanding its core personal loan business, which he described as the company’s most differentiated and highest-margin product. Gu said the segment’s growth accelerated in the second quarter, with core personal loan growth reaching roughly 3.5 times the growth recorded across the prior three quarters combined.
Gu, who previously served as Upstart’s chief technology officer, said the company has shifted internal priorities across marketing, application conversion, approvals, rate acceptance and verification to emphasize personal loans. He said the company had previously directed more resources toward other initiatives but has since refocused teams on increasing personal loan volume.
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MarketBeat Week in Review – 03/30 - 04/03“Core personal loans is what we’re really, really good at doing,” Gu said, citing the company’s ability to separate credit risk and identify borrowers it believes can be uniquely underwritten in the market.
Product Priorities and Secured Lending While Upstart continues to pursue newer products, Gu said the company has narrowed its list of priorities. He said Upstart paused its auto refinance product because it did not have the same potential, growth profile or momentum as other initiatives.
Upstart Surges on Record Revenue but Wall Street Remains DividedGu said the remaining product bets have large addressable markets, are adjacent to areas in which Upstart already has expertise, and have sufficient momentum to justify additional investment. The company’s secured lending products include auto lending and home equity lines of credit, or HELOCs.
For those newer secured products, Gu said Upstart first focused on validating demand and building third-party capital-provider relationships before turning to unit economics. He said the company believes it has demonstrated demand from auto dealerships and from HELOC borrowers seeking its rates and process.
Upstart is now working to move the secured products from negative contribution margins to profitability. Gu said the company expects those products to reach break-even before the end of the year, after which it plans to focus more heavily on scaling them. He declined to project their long-term margins but said there was no theoretical reason they could not eventually approach the economics of the core personal loan business.
Consumer Stress Remains Elevated Gu discussed the company’s Upstart Macro Index, or UMI, which measures the likelihood that consumers will default on unsecured consumer credit relative to pre-COVID levels. A reading of 1.0 corresponds to conditions in 2018, 2019 and early 2020, he said.
With the UMI at approximately 1.5 as of Sept. 3, Gu said a consumer with the same borrower and loan characteristics was about 50% more likely to default than before the pandemic. He said the index had risen by 12 points since the spring.
Gu attributed the pressure on borrowers in part to inflation exceeding wage growth over roughly the prior six months. He also cited credit card utilization and delinquency data as evidence that American borrowers are under more stress than they were six months earlier.
Still, Gu said investors should not place too much emphasis on short-term changes in the macro index. He said Upstart does not provide near-term results guidance partly because it wants to respond quickly to changing credit conditions. Over a multiyear period, he said, durable improvements in marketing, automation, underwriting and risk separation should matter more than monthly macroeconomic movements.
Gu said that despite higher interest rates and greater consumer stress than in 2021, Upstart is generating more contribution profit than it did during that more favorable macroeconomic period. He attributed that result to several years of technology improvements.
Technology, Capital and Bank Plans Gu said Upstart has continued to improve its lending models since its founding in 2012 and has not exhausted potential avenues for advancement. He said the company has more than 140 million training data points and expects additional data, computing improvements and research into learning algorithms to support increasingly sophisticated models over time.
He described the company as a relatively advanced adopter of artificial intelligence tools internally, saying the technology has contributed to more code being written and faster ticket resolution. Gu said he expects those gains to translate over time into greater revenue growth per employee, though he noted it can be difficult to attribute results precisely.
On funding, Gu said Upstart has retained all of its capital partners in recent years, with agreements being renewed for longer terms, larger amounts and generally better terms. He said the company has not seen evidence that competitors’ funding or marketing activity has materially hurt its ability to originate loans.
Gu also said the company’s planned national bank remains its largest single project in 2026. He said the bank has conditional approval and is expected to launch in early 2027. The investment will be a cost center in 2026, but Gu said it should provide operational benefits by reducing complexity associated with working with nearly 100 originating partners that operate under varying regulatory requirements.
He said the bank does not represent a change in Upstart’s primarily third-party funding strategy. However, it could allow the company to fund some of the approximately $1 billion of loans on its balance sheet more efficiently through lower-cost deposit funding and leverage.
Gu said operating-expense growth is expected to slow to low single-digit quarter-over-quarter growth in the second half of the year. He said Upstart expects to gain operating leverage as secured products improve, internal AI investments mature and the bank project moves toward its anticipated 2027 launch.
About Upstart (NASDAQ:UPST)Upstart Holdings, Inc operates a cloud-based lending marketplace that leverages artificial intelligence and machine learning to assess borrower creditworthiness. The company partners with banks and credit unions, providing its proprietary AI models and underwriting platform to facilitate consumer credit products. By focusing on non‐traditional data points—such as education, employment history and other real‐time indicators—Upstart seeks to improve approval rates and lower loss rates compared with conventional credit scoring methods.
Upstart's core offering centers on unsecured personal loans, which borrowers can use for purposes such as debt consolidation, home improvements or major purchases.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Corning oznámil víceletou, mnohamiliardovou dohodu s Verizonem na více než 80 milionů mil optických vláken pro broadband a propojení datacenter s AI. Přidává se tak k dřívějším dohodám s Amazonem a NVIDIA.
Corning locked in monster deals with Amazon, Nvidia, and Verizon while its AI fiber business exploded, yet the stock still suffered one of the worst monthly crashes in its modern history. Something does not add up, and the explanation reshapes…
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Corning (NYSE:GLW | GLW Price Prediction) shares fell 45.88% between June 30 and July 31, 2026, sliding from $254.95 to $137.99 on an adjusted basis. That is one of the worst monthly stretches in the company’s modern history, and it happened in the exact window when Corning was disclosing multibillion-dollar fiber commitments from the largest names in AI infrastructure. The company has executed no splits, spinoffs, or special dividends to distort the figure. Its only recorded split, a 3-for-1 forward split, occurred on October 4, 2000. The July drawdown is real.
What It Means The selloff collided with an order book that was accelerating, not slowing. On the July 28 earnings call, Corning reported that Optical Communications sales rose 32% year over year to $2.07 billion, with Enterprise sales up 65% to $1.27 billion and Gen AI product sales nearly doubling. Optical segment net income climbed 77% to $438 million. Core EPS came in at $0.78 versus the $0.75 consensus, the fifth consecutive EPS beat. Free cash flow reached $1.423 billion, up 255.75% year over year. Revenue of $4.505 billion missed expectations by 2.69%, and that single miss appears to have anchored the July repricing even as management upgraded its long-term plan.
Market Reaction Shares opened the recovery arc slowly. Corning traded at $142.20 on the day of the Q2 filing (July 28, 2026), down from $169.11 on the Q1 filing day (April 28, 2026). The stock closed at $137.99 on July 31, 2026. Since then the tape has turned. Corning is up 13.01% over the past week and 7.44% over the past month, closing at $168.04 as of the September 8 quote. Year to date, shares are up 92.93%. Over one year, up 143.13%. The July drop, in other words, compressed a runaway rally while the underlying business kept expanding.
Bull Case The customer roster is the story. In Q2, Corning cited a multiyear, multibillion-dollar Amazon agreement for optical fiber, cable, and connectivity for U.S. data centers, plus a long-term NVIDIA partnership to expand U.S. optical connectivity manufacturing capacity by 10x and U.S. fiber production capacity by more than 50%. On September 8, Verizon (NYSE:VZ) joined the list: the two companies announced a multiyear, multibillion-dollar agreement for 80 million plus miles of high density optical fiber solutions, designed to expand broadband and build the network connecting AI data centers for major hyperscalers. That is three giant, multiyear commitments layered on top of an existing up-to-$6 billion Meta agreement and Apple’s $2.5 billion commitment for 100% of iPhone and Apple Watch cover glass at the Kentucky facility.
Management has priced this into a hard target. CEO Wendell Weeks said Corning expects to reach an annualized sales run rate of $20 billion by end of 2026, $30 billion by end of 2028, and $40 billion by end of 2030, with a 19% sales CAGR from Q4 2026 to Q4 2030 and operating margins at or above 20%. Q2 core operating margin was already 20.9%, up 190 basis points, and core ROIC hit 14.9%, up 180 basis points. Weeks told investors “We’re entering a new phase of accelerating growth”. The July drawdown compressed the multiple on a business whose contracted demand keeps expanding. Corning is one of several picks-and-shovels suppliers to the AI buildout that never make the chipmaker headlines (we profiled seven of them, from fiber to power to cooling, in a free report here: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers)). For retirement-focused holders, the setup is straightforward: the customer commitments are longer-dated than the quarter that spooked the tape.
Bottom Line The forward catalyst is already on the board. Corning guided Q3 core sales to $4.90 billion to $5.00 billion, roughly 16% year-over-year growth, and core EPS to $0.85 to $0.89, roughly 28% year-over-year growth. Solar is building toward a $3 billion revenue stream. The 45.88% July slide priced in a revenue miss and near-term execution risk. The Verizon deal, arriving on top of Amazon and NVIDIA, is the market’s chance to reassess whether the AI fiber order book was the real signal all along.
Contact [email protected] for any questions or corrections.
FuelCell Energy vykázala ve 3. čtvrtletí hrubou ztrátu 24,5 mil. USD, meziročně výrazně vyšší kvůli nákladům spojeným s Fit Energy. Akcie po zveřejnění klesly o 15,7 %.
SAN FRANCISCO, Sept. 08, 2026 (GLOBE NEWSWIRE) -- On September 2, 2026, investors in FuelCell Energy, Inc. (NASDAQ: FCEL) saw the price of their shares fall $2.68 (-15.7%) after the company reported a massive year-over-year Q3 gross loss, mostly attributable to its agreement to supply its products to Fit Energy.
The revelations have prompted national shareholders rights firm Hagens Berman to open an investigation into whether FuelCell has been sufficiently transparent about the economics of its Fit Energy and, if not, whether the company may have violated the U.S. securities laws.
The firm encourages FuelCell investors who suffered substantial losses to submit your losses now. Persons with knowledge who may be able to assist the investigation are invited to contact the firm’s attorneys.
Visit: www.hbsslaw.com/cases/fcel
Direct Contact Email: [email protected]
Firm Telephone: 844-916-0895
FuelCell Energy (FCEL) Investigation
On June 23, 2026, FuelCell announced that it and Fit Energy entered into a capital equipment purchase agreement (“CEPA”) under which Fit would purchase FuelCell’s carbonate fuel cell block systems whose total aggregate generating capacity was up to 380 megawatts (“MW”) across four phases.
CEO Jason Few said, “[t]his agreement further validates our decision to scale our operations to 500 MW, preserving our ability to serve a broad and growing pipeline of customers.”
Then, on or about July 7, 2026 (three weeks before its quarter ended on July 31, 2026), FuelCell issued about 12 million shares at $21 per share. While the offering documents disclosed the structure and terms under the CEPA, they may not have been sufficiently transparent about financial pressures already occurring.
Investors learned more on September 2, 2026, when FuelCell reported a Q3 2026 gross loss of $24.5 million compared to the year earlier quarter gross loss of $5.1 million. The company blamed the 380% increase on $17 million of charges “recorded in connection with Phase 0 of our capital equipment purchase agreement, or CEPA with Fit Energy, due to the fact that our current product costs and manufacturing overhead exceed the contractual pricing established under that agreement.”
The market swiftly reacted, sending the price of FuelCell shares down $2.68 (-15.7%) to close at $14.40, about 31% lower than the offering price.
“We’re focused on whether FuelCell may have misled investors about its product costs and overhead, and if so, whether there may be an adverse impact on Fit Energy’s decisions to proceed with the remaining phases of the CEPA,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in FuelCell and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now.
Whistleblowers: Persons with non-public information regarding FuelCell should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [email protected]
Kartoon Studios uvedla, že má více než 40 milionů USD v hotovosti a žádný dlouhodobý dluh. Firma zároveň mění model směrem k vlastněnému a monetizovanému duševnímu vlastnictví.
BEVERLY HILLS, CA / ACCESS Newswire / September 8, 2026 / Kartoon Studios, Inc. (NYSE American:TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced that the Company filed its proxy statement with the U.S. Securities and Exchange Commission on Friday, September 4, 2026, which included a letter to shareholders from Andy Heyward, Chairman and Chief Executive Officer.
The letter can also be accessed on the Company's website by visiting https://ir.kartoonstudios.com/annual-reports.
DEAR FELLOW SHAREHOLDERS,
For many years, I created the animated movie that opened the annual Berkshire Hathaway shareholders meeting, and have had the privilege of producing an animated series for children with Warren Buffett called Secret Millionaires Club. Warren often reminded young viewers that success is rarely built overnight. It comes from patience, discipline, sound judgment, and the willingness to plant seeds whose shade you may not enjoy for many years.
That lesson has stayed with me throughout my career, and it is especially relevant to Kartoon Studios today.
For much of my professional life, I have been fortunate to work alongside some of the most accomplished visionaries in entertainment.
I learned storytelling from Joe Barbera at Hanna-Barbera, where I had the privilege of sitting at the feet of a master, who created such greats as YOGI BEAR, SCOOBY DOO, and THE FLINTSTONES. Joe taught me how to tell a story, how to develop characters, and how to understand the simple truth that great entertainment begins with great storytelling.
I worked closely with Ted Turner in creating and producing Captain Planet, a franchise born from his passion for environmental stewardship and his belief that children's entertainment could help improve the world. Though we lost Ted this past year, his vision and friendship remain among the treasures of my career.
I was equally fortunate to spend many years alongside the legendary Stan Lee, whose imagination gave the world Spider-Man, Iron Man, the Avengers, Black Panther, Fantastic Four, and countless other iconic creations. Today, through our stewardship of the Stan Lee Universe, we are entrusted with preserving and extending one of the most significant creative legacies in entertainment history. It is a responsibility we take seriously and a privilege we treasure.
Over the course of my career, I have created, produced, written, or supervised more than 6,000 animated episodes. The lessons I learned from these remarkable individuals remain at the core of everything we do at Kartoon Studios today.
Most importantly, they taught me something that is perhaps more relevant today than ever before:
Great intellectual property is rare.
A successful television series is valuable.
A hit movie is valuable.
But a franchise that can endure across generations, across product categories, across platforms, and across global markets is something entirely different.
Those assets are exceedingly rare.
That has been our mission at Kartoon Studios: to build enduring intellectual property capable of creating value for decades.
FROM INVESTMENT TO OPPORTUNITY
Over the last several years, we have been building.
We invested in intellectual property.
We invested in production capabilities.
We invested in distribution.
We invested in licensing, consumer products, technology, infrastructure, and talent.
Those investments were not made to generate short-term excitement. They were made to create long-term shareholder value.
While that journey required patience, it has transformed Kartoon Studios into a fundamentally stronger company.
Today, we enter our next chapter from a position of considerable financial strength. We have built a balance sheet with more than $40 million in cash and no long-term debt.
In an industry where many companies are burdened by long-term debt and leverage, or restricted by capital limitations, we enjoy something increasingly uncommon: flexibility.
Flexibility to invest.
Flexibility to pursue strategic opportunities.
Flexibility to think long term.
Many companies possess capital but lack meaningful brands. Others possess great brands but lack the resources to fully exploit them. We believe Kartoon Studios is becoming distinguished by having both.
And a pipeline of new franchises we believe can create meaningful value for years to come.
BUILDING A TEAM FOR THE NEXT CHAPTER
While intellectual property is the foundation of our business, history teaches us that great brands alone do not create great companies.
Great execution does.
During the past year, we were extremely fortunate to welcome Jeffrey Schlesinger to our Board of Directors.
Jeff joins us following an extraordinary twenty-five-year career at Warner Bros., where he served as President of Worldwide Television.
During his tenure, Jeff oversaw a business unit generating several billions of dollars annually while monetizing some of the most successful entertainment franchises in television history, including Friends, The Big Bang Theory, ER, and many others. Equally important to us, he oversaw the global exploitation of one of the most valuable animation libraries ever assembled, including Looney Tunes, Scooby-Doo, The Flintstones, The Smurfs, and many other iconic brands.
Few executives in the entertainment industry possess Jeff's depth of experience in transforming intellectual property into enduring, multi-generational businesses. His expertise in licensing, distribution, consumer products, and franchise monetization has already proven invaluable as he chairs the Audit Committee, as we position Kartoon Studios for its next phase of growth.
Jeff's leadership is complemented by the outstanding work of our Chief Financial Officer, Brian Parisi, whom we recruited following his successful tenure with the NFL Football Hall of Fame. Brian has brought extraordinary financial discipline, operational rigor, and strategic insight to Kartoon Studios. His accomplishments were recognized when he was named last year, as Public Company CFO of the Year by the Los Angeles Business Journal.
Together, Jeff, Brian, and our broader leadership team have helped build something that may not always be visible on the screen but is every bit as important: a disciplined operating company designed to create long-term shareholder value.
Simply put, we believe we now possess not only exceptional assets, but also the leadership necessary to unlock their full value.
A FUNDAMENTAL SHIFT IN OUR BUSINESS MODEL
Throughout my career, I have been fortunate to create, produce, write, or oversee thousands of episodes of children's and family entertainment.
Along the way, I have had the privilege of working with some of the world's most respected media and consumer products companies, including Disney, Netflix, Sony, Mattel, and many others.
Many of the programs and franchises associated with those efforts ultimately generated billions of dollars in value for their owners.
Yet in most cases, we did not own those brands.
We created them.
We produced them.
We helped build them.
But the long-term economic benefits belonged largely to others.
That was the traditional business model of the animation industry for decades, and for Kartoon Studios. Create the content, Deliver the episodes, Collect the production fee, Move on to the next assignment.
There is nothing wrong with that model.
In fact, it helped me build a rewarding career doing what I love. But it is not the model that creates the greatest long-term value for shareholders.
The greatest economic rewards of successful intellectual property are generally realized long after production is completed through licensing, merchandising, consumer products, publishing, streaming, international distribution, gaming, live experiences, and the many revenue streams that great brands can generate for decades.
Historically, those economics flowed primarily to the owners of the intellectual property.
Today, we are pursuing a fundamentally different strategy:
At Kartoon Studios, we are increasingly focused on developing, acquiring, controlling, and monetizing intellectual property that we own.
That distinction may seem subtle.
Economically, it changes everything.
Rather than creating value primarily for third parties, we are now creating value for Kartoon Studios shareholders.
The experience we gained helping build successful franchises for some of the world's largest entertainment companies including Disney, Sony, MGM, Netflix, Mattel, Hasbro, and others, has given us a unique perspective on what causes brands to endure.
Today, we are applying those lessons to properties that we own and control. That strategic shift is one of the primary reasons we have invested so heavily in our intellectual property portfolio, our distribution platforms, our licensing capabilities, and our balance sheet.
Our objective is no longer simply to create successful content.
Our objective is to create enduring franchises that can compound value over many years and potentially across generations.
When I look at assets such as Hundred Acre Wood, Stan Lee's Superhero Pets, Stan Lee Universe, Captain Planet, Bitcoin Brigade, and the other properties within our portfolio today, I believe we are better positioned than at any point in our history to achieve that goal, and among the strongest providers of IP in the world.
THE OPPORTUNITY CALLED HUNDRED ACRE WOOD
Nothing better illustrates the opportunity before us than Hundred Acre Wood. When the copyrights to A.A. Milne's original works entered the public domain across much of the world, many saw only a legal milestone.
We saw a creative opportunity unlike any we had encountered in decades.
Rather than merely reproduce what had come before, we chose to reimagine Winnie-the-Pooh and his friends for a new generation. We developed an entirely original visual style, a fresh creative approach, and an imaginative interpretation of the Hundred Acre Wood itself.
At the same time, we secured the valuable Hundred Acre Wood trademark, creating a protected franchise platform for the future.
TO BRING THIS VISION TO LIFE, WE ASSEMBLED AN EXTRAORDINARY CREATIVE TEAM.
The result is not simply another animated series.
Hundred Acre Wood is a world built around kindness, imagination, friendship, emotional intelligence, and wonder.
In a world that often seems louder, faster, and more divided than ever before, Hundred Acre Wood is intended to be an oasis of goodness.
We believe children need that now more than ever.
THE STAN LEE UNIVERSE
We continue to see extraordinary opportunities within the Stan Lee Universe. Few individuals have ever influenced popular culture the way Stan Lee did. Spiderman, Ironman, Hulk, Guardians of the Galaxy Black Panther, and the Avengers to name a few, all came from this one man's extraordinary imagination.
Through our stewardship of his legacy, we have the privilege of preserving and extending a brand recognized by millions around the world, and with over 30 million followers across social media which we exclusively manage.
Projects currently in development, including Stan Lee's Superhero Pets and The Excelsiors, represent only the beginning of what we believe can become a significant franchise portfolio for years to come.
Premium Intellectual Property Has Never Been More Valuable
If there is one overarching theme in today's media landscape, it is this:
Premium intellectual property has never been more valuable.
The world's largest media companies, retailers, streamers, platforms, and consumer-products companies are all searching for recognizable brands, trusted characters, and content that can break through an increasingly crowded marketplace.
Our strategy remains straightforward:
Create valuable intellectual property.
Acquire valuable intellectual property.
Protect valuable intellectual property.
And monetize valuable intellectual property across multiple platforms and revenue streams.
That strategy has guided our decisions and remains the foundation for our future.
LOOKING AHEAD
This coming year will also mark the launch of a personal project I am particularly excited about: "Toon In... with Andy Heyward"
The podcast will feature many of the individuals who helped shape modern children's and family entertainment. Together we will share stories, lessons, insights, and behind-the-scenes experiences from an industry that has brought joy to generations of audiences around the world.
Like everything we do, it is designed to celebrate creativity, storytelling, and the enduring power of great characters, and bring greater awareness to Kartoon Studios.
CLOSING THOUGHTS
To our shareholders, thank you for your confidence, patience, and support.
Over the last several years, we have methodically built the foundation for what we believe will be a very different company than the one many first invested in.
We have assembled a world-class portfolio of intellectual property.
We have expanded our distribution footprint.
We have strengthened our licensing and consumer-products capabilities.
We have recruited exceptional leadership.
And we have built the strongest balance sheet in our history, with more than $40 million in cash and no long-term debt.
Today, we believe Kartoon Studios possesses a combination that is increasingly rare: financial strength, valuable intellectual property, growing distribution, experienced leadership, and a clear strategic vision.
For much of my career, I had the privilege of helping build billion-dollar brands for others.
Today, our mission is building brands for Kartoon Studios and its shareholders.
The foundation has been built.
The assets are in place.
The opportunities ahead are significant.
In my view, we have the strongest financial position in our history, the strongest portfolio of intellectual property in our history, and the greatest opportunity in our history.
We are not focused on where Kartoon Studios has been.
We are focused on where it is going.
And I believe the most exciting chapter of our story is still ahead of us.
Sincerely,
Andy Heyward
Chairman & Chief Executive Officer
Kartoon Studios
KEY MESSAGES FOR SHAREHOLDERS
Kartoon Studios has a strong balance sheet, with more than $40 million in cash and no long-term debt.
The major investment phase of our transformation is largely behind us, and we believe we are entering a period increasingly focused on monetization and growth.
We now possess one of the most unique collections of family-entertainment intellectual property in the industry, including Hundred Acre Wood, Stan Lee Universe, Stan Lee's Superhero Pets, Bitcoin Brigade, and other valuable assets.
A fundamental transformation has occurred in our business model. For decades, we helped create successful brands and franchises for others. Today, we are increasingly focused on owning, controlling, and monetizing the intellectual property we create, allowing Kartoon Studios shareholders to participate directly in the long-term value generated by those assets.
Hundred Acre Wood has the potential to become a significant global franchise built around one of the most beloved story universes ever created.
The Stan Lee Universe provides us with stewardship of one of the most important creative legacies in entertainment history and substantial future development opportunities.
Kartoon Channel! and Ameba continue expanding our direct relationship with children and families worldwide.
We have strengthened our leadership team with proven executives who have successfully monetized some of the world's most valuable entertainment franchises, including Jeffrey Schlesinger and CFO Brian Parisi.
We believe premium intellectual property has never been more valuable, and our strategy remains centered on creating, protecting, and monetizing exceptional brands.
Management's interests remain aligned with those of our shareholders and focused on long-term value creation.
We believe Kartoon Studios has the strongest balance sheet in its history, the strongest intellectual-property portfolio in its history, and the greatest opportunity in its history.
One Final Thought:
"Great companies are not built quarter by quarter. They are built year by year, asset by asset, relationship by relationship. We believe the foundation has been built, the assets are in place, and the opportunities ahead are substantial. The most exciting chapter of Kartoon Studios' story is still ahead of us."
About Kartoon Studios
Kartoon Studios (NYSE American:TOON) is a global, vertically integrated children's and family entertainment company turning owned and controlled intellectual property into enduring, multi-platform franchises. The Company develops, produces, distributes, licenses and monetizes content across the full value chain, creating multiple revenue opportunities and long-term brand value.
Kartoon Studios' growth portfolio includes Hundred Acre Wood and the Stan Lee Universe, alongside established brands and an extensive programming library. The Company operates Mainframe Studios and Toon Media Networks, as well as Beacon Media Group, a full-service marketing, communications, and media agency subsidiary of Kartoon Studios focused on children and family. Together, these assets provide production capabilities, direct audience access and distribution across linear television, AVOD, SVOD, FAST channels and streaming platforms in more than 60 territories. Kartoon Studios is focused on converting its intellectual property, infrastructure and global reach into scalable franchise growth and long-term shareholder value.
For more information, visit www.kartoonstudios.com.
Important Cautions Regarding Forward-Looking Statements
Certain statements in this press release that are not historical facts may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and are subject to risks and uncertainties. Forward-looking statements include statements concerning the Company accelerating strategic transformation, focus on intellectual property position ownership for next phase of growth, strategic transformation designed to focus the Company on the ownership, development and commercialization of high-value intellectual property assets, the Company's distribution partnership with Amazon; the Company expanding development initiatives surrounding the Stan Lee Universe; the distribution to the Company of any additional amounts from the escrowed litigation settlements; the Company's expectations regarding the distribution of its content, the timing and availability of streaming content, promotional support, consumer product sales, the sale of Federator sharpening the Company's strategic focus on owned and controlled IP assets; the Company implementing a strategic transformation designed to create a leaner, more focused and more profitable enterprise centered on owned and controlled intellectual property; the Company's concentrating investments on high profile animated franchises where it owns or controls the underlying rights and can participate across multiple revenue streams, including content distribution, licensing, consumer products, publishing, digital commerce and brand extensions; management's belief that their owned IP strategy offers substantially greater long-term value creation potential than the Company's historical reliance on production services and third-party-owned properties; building a fundamentally different Company; the Company's belief that it is uniquely positioned to create meaningful long-term shareholder value through the development of what it believes will be enduring global franchises; transforming from a company that historically generated much of its revenue by creating and producing content for others, into one increasingly focused on owning, building and monetizing valuable intellectual property franchises across streaming, consumer products, publishing, gaming, licensing and other platforms; Company's goal to own more of the intellectual property it creates, and to participate more fully in the economics generated across multiple platforms, and transform its creative assets into sustainable, high-margin revenue streams; the Company's belief that the actions taken this year positions the Company to pursue its objectives from a position of strength, two flagship brands, Hundred Acre Wood and Stan Lee Universe, coming into the marketplace in 2027, Hundred Acre Wood is expected to serve as the cornerstone of the Company's next-generation franchise strategy, management's belief that Stan Lee Superhero Pets has significant potential across animation, publishing, licensing, consumer products and interactive entertainment, the belief that the launch of Hundred Acre Wood, growth initiatives surrounding the Stan Lee Universe and expanded consumer product initiatives will establish the foundation for the Company's next phase of growth and are intended to improve profitability, expand ownership economics and create long-term shareholder value.. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "project," "should," "will" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company's current plans, estimates, assumptions and expectations and are not guarantees that such plans, estimates or expectations will be achieved. Actual events, the timing of events ,results and performance may differ materially from those expressed or implied by these forward-looking statements due to various risks, uncertainties and other factors, including the Company's ability to execute its transition to an intellectual property-driven growth model; the Company's ability to advance its flagship franchise initiatives; the Company's ability to leverage prior investments in platform, content, and infrastructure, to support a more scalable operating foundation and the broader commercialization of the Company's intellectual property portfolio; the Company's ability to advance its flagship franchises as multi-platform initiatives extending across content, licensing, and consumer products; the Company's ability to bring properties to market and convert its franchises into scalable, higher-margin revenue opportunities to drive long-term value; the Company's ability to launch and expand Hundred Acre Wood and the Stan Lee Universe in the US and globally as planned; the Company's ability to capture value across the full lifecycle of its intellectual property by combining production capabilities, owned distribution platforms, marketing infrastructure, and licensing operations; the Company's ability to move quicker and with purpose faster than its competitors; the Company's ability to execute against its platform while continuing to expand higher-margin, IP-driven revenue streams; the Company's ability to improve operating performance and margin profile over time as its initiatives scale; the Company's ability to benefit from its investments in infrastructure and IP; the Company's ability to obtain additional financing on acceptable terms, if at all; fluctuations in the results of the Company's operations from period to period; general economic and financial conditions; the Company's ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; the Company's ability to market and advertise its products; the Company's reliance on third parties to promote its products; the Company's ability to keep pace with technological advances; the Company's ability to protect its intellectual property and those other risks described under the heading "Risk Factors" in Part I, Item 1A of the Company's most recent Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission, which are available at www.sec.gov. Additional risks and uncertainties that are not currently known to the Company or that the Company currently considers immaterial may also cause actual events, results or performance to differ materially from those expressed or implied by the forward-looking statements. All forward-looking statements speak only as of the date of this press release, and Kartoon Studios undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
INVESTOR RELATIONS CONTACT:
Lytham Partners, LLC
Robert Blum
602-889-9700
[email protected]
Dell Technologies (DELL - Free Report) ) and Hewlett Packard Enterprise (HPE - Free Report) ) have become two of the most important names in enterprise infrastructure.
Both compete heavily in servers, storage, networking, and data-center systems. Furthermore, their growth strategies are increasingly tied to AI-driven and hybrid-cloud infrastructure.
That makes their latest earnings reports especially relevant as corporate and hyperscale spending accelerates.
Dell delivered explosive AI-server growth and sharply raised its current fiscal 2027 outlook. HPE also posted record results while lifting its FY26 and FY27 forecasts.
With both stocks carrying bullish earnings momentum, valuation may be the key factor separating the two investments.
Dell & HPE Delivered Record Quarterly Results This MonthDell's fiscal Q2 revenue surged 58% year over year to a record $46.97 billion, surpassing estimates of $45.34 billion. Meanwhile, Q2 adjusted EPS skyrocketed 203% to a quarterly peak of $7.04 and crushed expectations of $4.97 by 41%.
Most importantly, Infrastructure Solutions Group revenue jumped 89% to $31.8 billion, led by a 100% increase in AI-optimized server revenue to $16.4 billion and a 122% surge in traditional server and networking sales to $10.5 billion.
Reflecting tremendous demand, Dell raised its current FY27 revenue guidance from $167 billion to $192 billion (69% YoY growth) and now expects adjusted EPS of $25.50, up 148% annually. Management also boosted its AI-optimized server revenue outlook from $60 billion to $74 billion, representing roughly 200% YoY growth, while forecasting Q3 revenue of $49 billion and adjusted EPS of $6.50.
Image Source: Zacks Investment Research
HPE's fiscal Q3 was impressive as well, with record revenue rising 34% to $12.21 billion and topping estimates of $12.09 billion. On the bottom line, HPE’s Q3 adjusted EPS climbed to a quarterly peak of $1.11 from $0.44 a year ago and beat expectations of $0.95 by nearly 17%.
Cloud & AI revenue rose 25% to $9 billion, including a 35% increase in server revenue to $6.8 billion. More impressively, Networking revenue jumped 75% to $2.9 billion, attributed to the integration of Juniper Networks, which HPE acquired last year for $14 billion.
HPE now expects Q4 revenue of $13.9-$14.8 billion and adjusted EPS of $1.20-$1.30. It’s also noteworthy that management raised its full-year revenue growth forecast to a range of 34%-37% and adjusted EPS guidance to $3.75-$3.85 (+5% YoY growth). Plus, HPE’s FY27 framework calls for another 13%-17% revenue expansion and 16%-20% EPS growth.
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Major Players in a Booming Server MarketThe long-term opportunity may be even more compelling. As shown in the chart below, Grand View Research estimates that the global server market expanded from $205 billion in 2021 to $342.1 billion in 2025 and projects it to reach nearly $1.03 trillion by 2033.
That represents a robust 14.8% compound annual growth rate (CAGR) from 2026 through 2033 and would roughly triple the market from 2025 levels.
Image Source: Grand View Research
Such growth should provide a significant runway for major server vendors like Dell and HPE as AI and machine-learning workloads, edge computing, cloud expansion, and increasingly demanding data-center infrastructure requirements fuel server investment.
Dell and HPE are firmly entrenched in this opportunity. To that point, the International Data Corporation (IDC) recently reported that worldwide server revenue reached $122.6 billion in Q1 2026 alone, rising more than 30% YoY as GPU-rich AI systems and hyperscaler investment drove spending.
IDC's Q1 data placed Dell first among named server original equipment manufacturers (OEMs) with a 16.5% worldwide revenue share, while HPE remained among the five largest vendors at 3%.
Of course, Dell's much larger position gives it the advantage in AI-server scale. That said, HPE's combination of ProLiant servers, storage, GreenLake hybrid cloud services, and Juniper networking creates an increasingly comprehensive enterprise infrastructure platform.
Further strengthening their AI prospects, both Dell and HPE have extensive partnerships with Nvidia (NVDA - Free Report) ), integrating the chip giant's accelerated computing technology into their respective AI factories and private-cloud infrastructure platforms.
Performance & Valuation ComparisonYear to date, Dell shares have skyrocketed more than 320%, while HPE has climbed over 120%. Over the last three years, DELL has surged +630%, compared with a still-impressive +215% gain for HPE.
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Despite Dell’s superior stock performance, HPE has the clear advantage on traditional valuation metrics.
HPE is trading at roughly 17X forward earnings, compared with around 20X for Dell, while their forward price-to-sales multiples are approximately 1.5X and 1.7X, respectively.
Keeping that in mind, Dell's premium doesn't look excessive considering management is forecasting 69% FY27 revenue growth, 148% adjusted EPS growth, and a tripling of AI-server sales.
Still, HPE offers the greater valuation cushion, although Dell's extraordinary earnings expansion and substantially larger position in AI servers help justify paying more for its shares.
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Bottom LineAfter their latest reports, Dell gets the slight edge as the better buy for investors seeking maximum exposure to the AI infrastructure boom.
Its massive AI-server backlog, market-leading OEM position, stronger near-term growth, and sharply raised outlook outweigh its valuation premium, especially considering DELL still trades beneath the price-to-earnings and sales valuation of the benchmark S&P 500.
HPE shouldn't be overlooked, however, as its cheaper valuation, rapidly growing server business, Juniper-enhanced networking portfolio, and expanding hybrid-cloud exposure provide an attractive alternative for value-oriented investors.
Most encouragingly, Dell Technologies and Hewlett Packard Enterprise stock both currently sport a Zacks Rank #1 (Strong Buy), indicating earnings estimate momentum remains firmly in their favor and could lead to even more upside.
Applied Materials uvedla, že poptávku po polovodičovém vybavení dál zvyšují investice do AI. CFO Brice Hill řekl, že prognózy zákazníků rostou napříč DRAM, leading-edge logic i advanced packaging.
These 3 GARP Stocks Show Why Growth and Value Do Not Have to ClashApplied Materials NASDAQ: AMAT sees continued strength in semiconductor equipment demand as artificial intelligence-related investment drives customer forecasts higher, Chief Financial Officer Brice Hill said at Citi’s 2026 Global TMT Conference.
Hill said the company’s rolling eight-quarter forecasts from its largest customers, particularly DRAM and leading-edge logic manufacturers, have increased throughout the year. He attributed the trend to demand for AI systems and pointed to rising capital-expenditure forecasts from cloud service providers, which he said exceed $700 billion for U.S. companies and approach $1 trillion globally.
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Applied Materials Beat Everything but Wall Street’s Expectations for Margins“Really all the indicators, all the arrows point up,” Hill said. “Our customers are investing, our customers’ customers are investing and highly profitable, and we’re investing.”
AI Systems Drive Demand Across Logic, Memory and Packaging Applied Materials is monitoring the design of AI systems, including GPU, accelerator, CPU and memory content, to assess future demand by device category. The company is also tracking more than 100 fab projects globally, with more than 10 added during each of the past two quarters, Hill said.
MarketBeat Week in Review – 06/22 - 06/26He said clean-room availability remains an important constraint on industry capacity growth over the medium term. Applied is evaluating the timing of new fabs and the capacity they will add, while using customer forecasts to plan for demand.
Hill identified advanced packaging as a major growth area alongside leading-edge logic and DRAM. Applied’s advanced-packaging business generated $1.4 billion in revenue last year, and the company expects it to grow by more than 70% this year. He said advanced packaging should continue growing in line with leading-edge logic and DRAM as AI systems require high-performance interconnects among processors, accelerators and high-bandwidth-memory stacks.
The company is also investing in panel-level packaging, which uses larger substrates to support more chips and higher-quality interconnects in computing systems. Hill said the industry remains in the development stage, with Applied generating revenue from panel-processing equipment but no volume production yet underway. The company recently acquired NEX, which provides fine-line interconnect capabilities for panel-level packaging.
ICAPS Recovery, NAND Remains Upgrade-Driven Hill said Applied expects moderate growth in its ICAPS business in 2026. ICAPS encompasses IoT, communications, automotive, power and sensor markets and had been weak for the previous several years as China added significant capacity.
Utilization rates are now improving, Hill said, and Applied expects a more normal growth year for ICAPS next year. He characterized normal growth in the underlying device markets as mid- to high-single digits, with equipment demand eventually tracking that growth as utilization normalizes.
NAND bit demand remains strong, in the “high 20% range,” according to Hill. However, he said that gains in layer counts have made NAND manufacturing more productive, allowing producers to add bit capacity with fewer wafers. As a result, NAND remains more dependent on equipment upgrades than greenfield fab construction, keeping the market smaller than the DRAM opportunity.
By contrast, Hill said DRAM capacity is entering a more significant greenfield investment cycle. He estimated that the industry had about 1.6 million DRAM wafer starts per month a year ago and is adding roughly 400,000 wafer starts per month this year. He expects additions of 300,000 to 400,000 wafer starts per month over the next several years.
Hill said an upgrade fab requires roughly 25% of the equipment investment of a greenfield facility. He estimated that process equipment for 100,000 wafer starts of greenfield capacity could total about $10 billion, illustrating the larger equipment opportunity associated with new DRAM fabs.
Capacity, Services and Process Control Applied has invested to support the ability to produce twice its current quarterly system output by 2028, Hill said, emphasizing that the target is a capacity statement rather than a revenue forecast. The company sends aggregated eight-quarter demand outlooks to suppliers by component type to help them plan hiring and capacity investments.
Hill said Applied’s services business is growing more than 20% this year, aided by high utilization across leading-edge logic, DRAM, ICAPS and NAND. Customers are purchasing more spare parts and components to maintain output, he said. The company’s longer-term services outlook is for mid-teens growth, supported by an installed base that is expanding by roughly 5% to 7% annually and higher revenue per tool from new offerings.
Those offerings increasingly include AI-based services that use tool sensors and operating data to help customers improve yield and output, Hill said.
Applied also expects its process diagnostics and control business to grow more than 50%. Hill said demand is being driven by more complex semiconductor architectures, including gate-all-around transistors, which require electron-beam inspection to identify buried defects that cannot be seen through optical inspection methods.
On profitability, Hill said Applied’s approximately 300-basis-point gross-margin improvement over the past three years has reflected the greater value of its product solutions and improved pricing processes. The company applies value-based pricing to both new and existing products, he said, while also accounting for higher costs for labor, materials and components.
About Applied Materials (NASDAQ:AMAT)Applied Materials, Inc is a U.S.-based supplier of equipment, services and software used to manufacture semiconductor chips, flat panel displays and other advanced materials. Headquartered in Santa Clara, California, the company designs and sells capital equipment and related technologies that enable production of integrated circuits, display panels and materials used across the electronics supply chain.
Applied Materials' offerings include process equipment and factory software that support critical steps in device fabrication, such as deposition, etch, implantation, inspection and metrology, as well as systems for packaging and advanced heterogeneous integration.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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TJX zvýšila dlouhodobý globální cíl na 7 500 obchodů, což jí ponechává prostor pro více než 2 200 dalších lokalit. Od fiskálního roku 2028 chce zrychlit tempo otevírání obchodů na 4 % ročně.
Key Takeaways TJX raises its global store target by 500 to 7,500, leaving room for more than 2,200 new locations.TJX plans to accelerate annual store-opening growth to 4% starting in fiscal 2028, up from 3%.TJX sees rural, urban and denser-market opportunities supporting broad-based expansion across its brands. The TJX Companies, Inc. (TJX - Free Report) has lifted its long-term global store target by 500 locations to 7,500 stores across its existing retail banners and current 10 countries in the latest earnings update. The company ended the second quarter of fiscal 2027 with 5,285 stores, leaving room for more than 2,200 additional locations under the revised target.
The expansion is centered partly on the U.S. business. TJX now sees TJ Maxx and Marshalls reaching a combined 3,300 stores, an increase of 300 from its prior long-term potential. The HomeGoods division’s long-term target has also been increased by 200 stores to 2,000.
The company plans to accelerate annual store opening growth to 4% beginning in fiscal 2028, up from the previously discussed 3% pace. Several factors support the higher target. Marmaxx has opportunities in rural markets where department stores are closing, while sustained comparable-store growth has created scope to place stores closer together than previously expected. Smaller-format stores also allow expansion in densely populated urban areas.
New stores have been exceeding expectations for an extended period. The additional store growth is expected to be broad-based across the company’s brands rather than concentrated in only one or two divisions. TJX Companies also expects sufficient availability of quality merchandise to support the expansion plans as it moves toward the higher store target and faster opening pace.
How TJX Stacks Up Against ROST and BURL on Store GrowthRoss Stores (ROST - Free Report) is also stepping up physical expansion, raising its 2026 new-store opening plan to 115 locations from 110. This includes about 90 Ross Dress for Less and 25 dd’s DISCOUNTS stores. Ross Stores opened 47 stores in the second quarter of fiscal 2026. Ross Stores also targets roughly 5% annual unit growth, while recent openings in existing and newer markets have been running ahead of plan.
Burlington Stores, Inc. (BURL - Free Report) is also pursuing aggressive store expansion, ending the second quarter of fiscal 2026 with 1,287 locations. Burlington Stores expects about 115 net new stores in fiscal 2026, while 149 net new stores opened over the past 12 months, representing 13% store-count growth. Burlington Stores remains confident in opening at least 110 net new stores annually and reaching, or likely exceeding, 1,500 stores by end-2028.
TJX’s Price Performance, Valuation and EstimatesShares of TJX Companies have fallen 16.8% in the past month compared with the industry’s decline of 6.2%.
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From a valuation standpoint, TJX trades at a forward price-to-earnings ratio of 23.88X, down from the industry’s average of 27.82X.
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The Zacks Consensus Estimate for TJX Companies’ fiscal 2027 and 2028 earnings per share has inched up 1 cent to $5.22 and $5.74, respectively, in the past seven days.
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TJX currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The great fear hanging over so many established software firms this year has been that the AI revolution will pass them by, or worse, sweep them aside. Docusign Inc. NASDAQ: DOCU, long the dominant name in electronic signatures, has faced exactly that suspicion, with the bears wondering whether a company built on signing documents online can stay relevant in an age of agentic AI.
In recent weeks, however, investors have grown notably more optimistic, both for traditional software stocks in general and Docusign in particular. Heading into its Q2 fiscal year (FY2027) report, Docusign shares had already rallied more than 60%, and the numbers did nothing to dent the enthusiasm. The stock initially moved higher after the release, putting it within reach of its highest levels since late last year.
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Like with so many of its peers, the market has been keen to see if Docusign can reinvent itself around AI, rather than be eaten up by it. On the evidence of this past quarter, at least, the answer is clear.
Docusign’s Beat Gives the Turnaround More CredibilityStarting with the headline numbers, they gave the bulls plenty to cheer about. Docusign comfortably beat analyst expectations on both revenue and profit, with sales up more than 9% year over year and margins ahead of forecasts, too. For a company whose growth prospects some had written off, that was a solid statement.
Adding to the bullish overtones was the company’s own confidence in its outlook. Management raised forward guidance for the full year, nudging up its expectations for both revenue and, crucially, the growth of its recurring revenue base.
Underpinning it all was healthy customer growth, which hit a record high above 1.9 million - not exactly the kind of trend you’d expect from a company consigned to the dustheap. Instead, it was the kind of report that quietly rebuilds the whole investment case.
IAM Adoption Becomes the Real StoryBeyond the headline numbers and shiny metrics, however, the real story lies in how Docusign is answering the AI question head-on. Rather than treating the technology as a threat, the company is weaving it through a broader platform it calls Intelligent Agreement Management, or IAM, designed to handle the entire life of a contract rather than just the signature at the end.
The evidence that this is working is compelling. IAM now accounts for more than 15% of the company's recurring revenue, up sharply from the prior quarter, and management expects that share to climb toward 19% by the end of the financial year. That steady march is the clearest sign yet that customers are buying into the vision, not just listening to the sales pitch.
Docusign is also building AI-powered tools that let customers create and deploy their own automated agents, and knitting its platform together with the major AI providers and workplace apps. The aim is to make its software a deeply embedded hub for managing agreements, far harder to rip out than a simple signing tool, and its best defense against being commoditized.
Why the Bears Still Have an ArgumentStill, for all that progress, the bears are hanging onto some legitimate concerns, and the central one is conversion. Impressive as IAM adoption is, the company's overall growth remains fairly moderate, with revenue still expanding at single-digit rates since 2023. That puts the onus on management to ensure this AI-related momentum translates into meaningfully faster growth, not just a nicer product.
Then there is the ever-present competitive threat. Basic electronic signing is one of the more straightforward tasks that could easily and cheaply be replaced by a homegrown AI tool or a nimbler, lower-cost rival. That means Docusign has to work far harder to defend its turf than an entrenched platform like Salesforce NYSE: CRM, whose sprawling web of customer data, workflows, and integrations makes it enormously difficult to rip out. This is precisely why the ongoing shift toward the stickier, more sophisticated IAM platform matters so much.
AI Turnaround, or Just a Better Quarter?Docusign Stock Forecast Today12-Month Stock Price Forecast:
$67.33
3.46% Upside
Hold
Based on 18 Analyst Ratings
Current Price$65.08High Forecast$86.00Average Forecast$67.33Low Forecast$50.00Docusign Stock Forecast Details
So which is it: a real AI success story, or a stay of execution? The weight of this quarter's evidence tilts firmly toward the former. Docusign isn't merely surviving the arrival of AI; it’s using the technology to transform itself from a one-trick signing service into something altogether more valuable.
That being said, the caveats are real. The conversion of that adoption into faster company-wide growth remains unproven, and until the company is reporting revenue growth that is consistently accelerating, the jury is still out. The recent rally in Docusign shares also suggests much of the upside is already baked into the price, leaving little margin for disappointment. In other words, the company's turnaround is seeing a ton of progress, but it is not yet finished.
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Western Digital těží z AI inferencí a Agentic AI, které zvyšují trvalou poptávku po úložištích. Firma už dodává 40TB ePMR disky a 44TB HAMR má být na trhu v první polovině kalendářního roku 2027.
Key Takeaways Western Digital is benefiting as AI inference and Agentic AI drive persistent data storage demand.WDC is ramping 40TB ePMR drives, while its 44TB HAMR product remains on track for 2027.UltraSMR could reach 60% of nearline exabyte shipments by fiscal 2027, supporting WDC's capacity growth. As AI models become larger, inference workloads expand and businesses generate mountains of AI-created content, the amount of data that must be stored, accessed and retained continues to rise. Western Digital Corporation (WDC - Free Report) is becoming a durable long-term beneficiary of the data explosion. The shift from AI training to inference and Agentic AI is creating a more persistent and data-intensive storage opportunity. Training creates the initial data foundation, while inference continuously generates and retains prompts, outputs, logs and context.
As Agentic AI expands into multistep workflows, data volumes and retention needs continue to rise. Moreover, physical AI, autonomous vehicles, robotics and industrial automation are driving additional demand for synthetic data generation and storage. Together, these trends could make AI a structural, long-term driver of capacity-oriented storage demand for WDC. As AI workloads shift from deployment to sustained use, storage demand is becoming less about one-time infrastructure builds and more about the compounding of data—a key secular growth driver for WDC. Roughly 80% of hyperscale data-center data remains on HDDs, reflecting their scale, cost efficiency and power advantages for long-term storage.
This trend plays to WDC’s technology strengths. The company began shipping 40TB ePMR drives in June and is ramping volume production, while its 44TB HAMR product remains on track for the first half of calendar 2027. UltraSMR is also expected to account for about 60% of nearline exabyte shipments by the end of fiscal 2027. Beyond capacity, Western Digital is advancing high-bandwidth drives that target up to 8x the throughput of current drives without a comparable increase in power consumption, with sampling underway at five customers.
WDC vs. Rivals: Who is Winning the AI Storage Boom?Seagate Technology (STX - Free Report) is benefiting from the rapid increase in data creation, retention and reuse across cloud and enterprise environments. AI inference and agentic applications require persistent historical context, while physical AI applications such as robotics and autonomous vehicles are expected to generate significant volumes of video and sensor data. These trends reinforce the role of cost-efficient HDDs within tiered storage architectures. Data center revenues increased 57% year over year to $2.93 billion in the June quarter, while nearline exabyte shipments advanced 43% to 195 exabytes. Cloud demand has now increased sequentially for three consecutive years and enterprise OEM demand is also broadening.
NetApp, Inc. (NTAP - Free Report) is benefiting from higher enterprise spending on AI-ready storage, with all-flash, Public Cloud and Keystone demand broadening across customer types. Customers are standardizing on NetApp for mission-critical workloads, including GPU-intensive AI pipelines, and reported share gains tied to product innovation and go-to-market execution. It also saw demand across high-performance flash, capacity flash and block-optimized storage as customers modernized adjacent data infrastructure for AI. NetApp is positioning its unified data platform to activate enterprise data for AI without requiring data movement. AI is also driving broader modernization of databases and unstructured data environments, expanding the opportunity beyond dedicated AI infrastructure.
WDC Price Performance, Valuation and EstimatesIn the past year, shares of WDC have surged 394.5% compared with the Zacks Computer-Storage Devices industry’s growth of 391.4%.
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Going by the price/earnings ratio, the company’s shares currently trade at 20.86 forward earnings compared with 10.67 for the industry.
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WDC’s estimate revisions are currently on an upward trajectory. The Zacks Consensus Estimate for WDC’s earnings for fiscal 2027 has been revised upward by 7.5% to $20.03 over the past 60 days, while the same for fiscal 2028 has gone up 7.6% to $34.74.
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Currently, Western Digital has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Western Digital ve fiskálním roce 2026 vygenerovala 3,51 miliardy USD volného cash flow a vrátila akcionářům 3,1 miliardy USD prostřednictvím dividend a zpětných odkupů. Na první čtvrtletí fiskálního roku 2027 čeká výnosy 4,1 miliardy USD a non-GAAP EPS 4,00 USD.
Key Takeaways Western Digital ended fiscal 2026 with $3.51 billion in free cash flow and about $500 million in net cash.WDC returned $3.1 billion to shareholders in fiscal 2026 through dividends and share repurchases.WDC expects fiscal Q1 revenue of $4.1 billion, plus or minus $100 million, and non-GAAP EPS of $4.00. Western Digital Corporation (WDC - Free Report) entered fiscal 2027 with stronger cash generation and a net cash position after a year of significant shareholder returns. In fiscal 2026, operating cash flow reached $3.93 billion, up 132% year over year, while free cash flow (FCF) rose 145% to $3.51 billion. With fiscal 2026 revenues of $12.9 billion, FCF margin was about 27%. Capital expenditures totaled $418 million for the year.
The company returned $3.1 billion to shareholders during fiscal 2026 through dividends and share repurchases. In the fiscal fourth quarter, Western Digital generated $1.4 billion in operating cash flow and $1.3 billion in free cash flow, equal to a 34% FCF margin. It reported repurchases of 2.3 million shares for $1 billion and paid $54 million in dividends. Management noted that the repurchase figures included $328 million used to settle the conversion premium on certain convertible notes in cash instead of stock, avoiding roughly 773,000 new shares. Western Digital also monetized its remaining 1.7 million SanDisk Corporation (SNDK - Free Report) shares by exchanging them for 4.8 million Western Digital shares.
At fiscal year-end, Western Digital held $1.6 billion in cash and $1.1 billion in debt, resulting in a net positive cash position of about $500 million. On the last earnings call, management highlighted that there was no change to the company’s strategy and reaffirmed its commitment to returning FCF to shareholders through dividends and share repurchases. The board also declared a 15- cents-per-share dividend payable Sept. 17, 2026, to shareholders of record on Sept. 8.
For the first quarter of fiscal 2027, Western Digital expects revenue of $4.1 billion, plus or minus $100 million, gross margin of 55-56%, operating expenses of $390-$400 million, interest and other expenses of about $15 million, a 17% tax rate and non-GAAP EPS of $4.00, plus or minus 15 cents, based on roughly 388 million diluted shares.
Management stated that demand and favorable pricing to continue, while investments are being made in heads, media operations and automation without adding unit-capacity capital expenditures. Western Digital is on track to ship its 44-terabyte HAMR product in the first half of calendar 2027.
Taking a Look at WDC’s CompetitorsSeagate Technology (STX - Free Report) delivered strong profitability and cash flow in fiscal 2026, supported by operating leverage, pricing and disciplined spending. Non-GAAP operating margin expanded to 44.6% from 26.2% a year earlier, while June-quarter free cash flow reached $1.12 billion, or about 31% of revenues. Fiscal 2026 FCF hit a record $3.1 billion. Financial flexibility also improved as gross debt fell $1.4 billion, leaving net leverage at 0.4 times adjusted EBITDA. Seagate later retired $1 billion of high-yield notes and plans to eliminate the remaining convertible notes, reducing interest expense and supporting shareholder returns and future technology investments and growth initiatives.
SanDisk’s strong cash generation supports continued shareholder returns and technology investments. Adjusted free cash flow reached $5.04 billion in fourth-quarter fiscal 2026, representing a 56% margin, excluding $1.94 billion of NBM prepayments and deposits. The company ended fiscal 2026 with $4.76 billion in cash and no long-term debt. Sandisk repurchased $4.5 billion of shares during the quarter and expanded its authorization by $14 billion, leaving $15.5 billion available. Management plans to invest in BiCS8 and BiCS10 while maintaining buybacks. Fiscal 2027 capital spending is expected to decline to roughly 6% of revenues.
WDC Price Performance, Valuation and EstimatesIn the past year, shares of WDC have surged 406% compared with the Zacks Computer-Storage Devices industry’s growth of 392.8%.
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Going by the price/earnings ratio, the company’s shares currently trade at 20.86 forward earnings compared with 10.67 for the industry.
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WDC’s estimate revisions are currently on an upward trajectory. The Zacks Consensus Estimate for the company’s earnings for fiscal 2027 has been revised upward by 7.5% to $20.03 over the past 60 days, while the same for fiscal 2028 has gone up 7.6% to $34.74.
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Currently, Western Digital has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Seagate má už zafixované ceny i konfigurace pro celý kalendářní rok 2027 a většina nearline kapacity je vyprodaná i do roku 2028. Firma tak těží z boomu datových center pro AI.
Western Digital (WDC +2.14%) CEO Irving Tan said in late January that the company was "pretty much sold out for calendar '26." On the same fiscal second-quarter earnings call, he pointed to firm purchase orders from its top seven customers covering this year's hard-drive production. And multiyear agreements went further -- the company had them in place with three of its top five customers, two running through calendar 2027 and one through calendar 2028.
But Western Digital isn't the outlier.
The artificial intelligence (AI) data center build-out has storage buyers committing for years ahead. Seagate Technology (STX +6.49%) says most of its nearline exabytes (the high-capacity storage cloud data centers run on) are already allocated into calendar 2028. And Sandisk (SNDK -0.12%) has buyers locked in for over half of the memory it expects to ship this fiscal year, with price floors attached.
Here's what each company has signed, and where I'd put $2,000 today.
Image source: Getty Images.
1. Western Digital: sold out, but not fully signedBy late April, Tan was saying agreement durations had stretched into calendar 2028 and calendar 2029.
Western Digital's fiscal fourth-quarter revenue (for the three months ended July 3, 2026) reached $3.75 billion, up 44% from a year earlier. Non-GAAP (adjusted) gross margin jumped about 13 percentage points year over year, to 54.4%, and earnings per share more than doubled. Management guided for fiscal first-quarter revenue to grow 42% to 49% year over year, or about $4.1 billion at the midpoint.
Cloud customers supplied 89% of revenue in the fiscal third quarter -- this is overwhelmingly a data-center business now.
However, the multiyear agreements cover only some top customers (three of the top five, as of January). And Western Digital hasn't said how much of its demand beyond this year they lock in.
Shares cost about 14 times fiscal 2028's expected earnings (that fiscal year ends in mid-2028). That isn't a rich price if the contracted growth arrives. But the risk, I think, sits in the years the contracts don't cover, when pricing could reset lower.
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2. Seagate: pricing is locked for all of 2027Seagate goes further. On its July earnings call, management said its build-to-order contracts already spell out product configurations and pricing for all of calendar 2027. Based on supply agreements in hand, most of the company's nearline exabyte supply is allocated into calendar 2028.
Growth is accelerating as those commitments stack up. Revenue for fiscal 2026 totaled $12.2 billion, up 34%, and the fiscal fourth quarter alone produced $3.63 billion, a 48% year-over-year jump. Adjusted gross margin hit 52.7%, up from 37.9%, and non-GAAP earnings per share of $5.71 was up 120%. Guidance calls for about $4.1 billion of fiscal first-quarter revenue, which implies about 56% year-over-year growth.
That acceleration is the part I keep coming back to. After all, with volumes and prices signed well in advance, a 56% outlook is largely a description of business already in hand.
At about 15 times its expected fiscal 2028 earnings, Seagate costs about what Western Digital does relative to profits. Arguably, more of Seagate's profits are already under contract.
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3. Sandisk: floors under half its shipmentsSandisk's commitments run deepest of the three. The flash memory maker has signed 10 long-term supply agreements covering eight customers.
Management expects over half of its fiscal 2027 volumes (the year now underway) to fall under the agreements, and about two-thirds of fiscal 2028's. And the contracts carry price floors. Even with every variable price at its floor, the agreements add up to at least $93.9 billion of revenue.
The floors haven't been tested by a falling market yet, though. And the boom they lock in is extraordinary: Sandisk's fiscal 2026 revenue climbed 175%, reaching $20.25 billion, on higher memory prices and a shift toward data-center customers.
Premium Feature
Moneyball Superscore
78/100
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Which one would I buy?A $2,000 budget buys about four shares of Western Digital at around $467 as of this writing, two of Seagate, or one of Sandisk.
My pick is Seagate. Its contracts already fix pricing for all of calendar 2027, and most of its nearline capacity is spoken for into the year after that. Growth is accelerating, too.
Western Digital is riding the same boom at a similar price relative to expected earnings. But it hasn't shown how much of its supply beyond this year is locked in the way Seagate has, so I view that stock as a hold today. Sandisk may have the strongest protection of the three, but its floors haven't been through a downturn. I'd want to see that test first.
Of course, no contract makes the AI build-out permanent. If data-center spending slows, storage stocks could fall hard, signed volumes or not. Ultimately, though, given $2,000 to put into storage today, I'd buy Seagate.
Paramount Skydance prodloužila lhůty pro nabídky na výměnu a odkup dluhopisů Warner Bros. Discovery do 18. září 2026. K 4. září bylo nabídnuto asi 66,28 % odkupních a 75,31 % výměnných dluhopisů.
, /PRNewswire/ -- Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount") today announced the extension of the Expiration Dates in connection with the previously announced (i) offers to purchase (the "Tender Offers" and each, a "Tender Offer") for cash, upon the terms and subject to the conditions set forth in the related offer to purchase (the "Offer to Purchase"), any and all of the identified notes in each series of the Existing Tender Offer Notes (defined by reference to the table set forth below) issued by Discovery Global Holdings, Inc. (formerly WarnerMedia Holdings, Inc.) (the "DGH Issuer") and Discovery Communications, LLC (the "DCL Issuer" and together with the DGH Issuer, each a "WBD Issuer" and collectively the "WBD Issuers"), as applicable, and (ii) offers to exchange (the "Exchange Offers" and each, an "Exchange Offer" and, together with the Tender Offers, the "Offers" and each, an "Offer"), upon the terms and subject to the conditions set forth in the related exchange offer memorandum (the "Offering Memorandum"), any and all of the identified notes in each series of the Existing Exchange Offer Notes (defined by reference to the table set forth below) (together with the Existing Tender Offer Notes, the "Offer Notes") issued by the applicable WBD Issuer for notes to be newly issued by Paramount.
The Expiration Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) have been extended to 5:00 p.m., New York City time, on September 18, 2026, unless further extended. The Settlement Dates for the Tender Offers and Exchange Offers (as defined in each of the Offer to Purchase and Offering Memorandum, respectively) will occur promptly after the Expiration Date and are currently anticipated to occur in the third quarter of 2026. Paramount anticipates extending the Expiration Date for such Tender Offers and Exchange Offers until such time that would result in the Settlement Dates occurring on or promptly following the closing date of the proposed acquisition (the "Acquisition") by Paramount of Warner Bros. Discovery, Inc. ("WBD"). Tenders of the Offer Notes in the Offers may be withdrawn at any time prior to the Expiration Date. The aforementioned extensions further extend the Expiration Dates previously extended by Paramount on June 12, 2026, June 26, 2026, July 13, 2026, July 17, 2026, July 24, 2026, July 31, 2026, August 7, 2026, August 17, 2026, August 24, 2026, and August 31, 2026.
As of 5:00 p.m., New York City time, on September 4, 2026, approximately 66.28% and 75.31% of the aggregate principal amount of the Existing Tender Offer Notes and Existing Exchange Offer Notes, respectively, have been validly tendered in the applicable Offers. As Paramount previously announced that it anticipates extending the Offers to align with the closing date of the Acquisition, Paramount does not view these figures to be representative of the final results of the applicable Offers.
Information about each series of Offer Notes eligible to participate in the Offers is summarized below.
Type of Offer
Offer Notes to be Tendered
or Exchanged, as
Applicable
Issuer of Offer Notes
CUSIP No. / Common Code
/ ISIN Eligible to
Participate in the Offers (1)
Aggregate Principal
Amount of Offer Notes
Eligible to Participate in the
Offers (2)
Tender Offer
3.950% Senior Notes due
2028
DCL Issuer
25470D CP2
US25470DCP24
$1,234,458,000
Exchange Offer
4.125% Senior Notes due
2029
DCL Issuer
25470D CQ0
US25470DCQ07
$655,825,000
Exchange Offer
3.625% Senior Notes due
2030
DCL Issuer
25470D CR8
US25470DCR89
$914,183,000
Exchange Offer
5.000% Senior Notes due
2037
DCL Issuer
25470D CS6
US25470DCS62
$453,281,000
Exchange Offer
6.350% Senior Notes due
2040
DCL Issuer
25470D CT4
US25470DCT46
$438,102,000
Exchange Offer
4.950% Senior Notes due
2042
DCL Issuer
25470D CU1
US25470DCU19
$130,366,000
Exchange Offer
4.875% Senior Notes due
2043
DCL Issuer
25470D V91
CV9US25470DC
$141,584,000
Exchange Offer
5.200% Senior Notes due
2047
DCL Issuer
25470D W74
CW7US25470DC
$3,161,000
Exchange Offer
5.300% Senior Notes due
2049
DCL Issuer
25470D X57
CX5US25470DC
$247,860,000
Tender Offer
3.755% Senior Notes due
2027
DGH Issuer
254948 AH5
US254948AH58
254948 AN2
US254948AN27
U25483 AA3
USU25483AA38
$1,189,336,000
Exchange Offer
4.054% Senior Notes due
2029
DGH Issuer
254948 AJ1
US254948AJ15
254948 AP7
US254948AP74
U25483 AB1
USU25483AB11
$1,353,828,000
Exchange Offer
4.279% Senior Notes due
2032
DGH Issuer
254948 AK8
US254948AK87
254948 AQ5
US254948AQ57
$2,691,764,000
Exchange Offer
5.050% Senior Notes due
2042
DGH Issuer
254948 AL6
US254948AL60
254948 AR3
US254948AR31
U25483 AD7
USU25483AD76
$4,104,687,000
Exchange Offer
5.141% Senior Notes due
2052
DGH Issuer
254948 AM4
US254948AM44
254948 AS1
US254948AS14
$949,883,000
Exchange Offer
4.302% Senior Notes due
2030
DGH Issuer
XS3393993285
339399328
€234,382,000
Exchange Offer
4.693% Senior Notes due
2033
DGH Issuer
XS3393994507
339399450
€316,641,000
__________
(1)
No representation is made as to the correctness or accuracy of the identifiers listed in this press release or printed on the Offer Notes. Such identifiers are provided solely for the convenience of the holders.
(2)
Represents the aggregate principal amount of Offer Notes outstanding that are eligible to participate in the Offers.
The Exchange Offers are being made pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and the rules and regulations of the Securities and Exchange Commission (the "SEC") promulgated thereunder, and are also not being registered under any state or foreign securities laws. Any securities offered pursuant to the Exchange Offers may not be offered or sold in the United States or to any U.S. persons (as defined below) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Exchange Offers will only be made, and the securities offered pursuant to the Exchange Offers are only being offered and issued, to holders of applicable Existing Exchange Offer Notes who are (a) reasonably believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act or (b) not "U.S. persons," as defined in Rule 902 of Regulation S under the Securities Act (such holders, "Eligible Holders"), and only Eligible Holders who have completed and returned the eligibility certification are authorized to receive or review the Offering Memorandum or to participate in the Exchange Offers. The eligibility certification is available electronically at: https://gbsc-usa.com/eligibility/paramount.
General
Each Offer is a separate offer, and each may be individually consummated, amended, extended, terminated, or withdrawn, subject to certain conditions and applicable law, at any time in Paramount's sole discretion, and without also consummating, amending, extending, terminating, or withdrawing any other Offer with respect to any other series of Offer Notes. Paramount may terminate an Offer if any of the conditions of such Offer described in the Offer to Purchase or Offering Memorandum, as applicable, are not satisfied or waived by the applicable Expiration Date, subject to applicable law. In addition, Paramount may waive the conditions to an Offer without extending such Offer in accordance with applicable law.
The Offers are being made solely by Paramount and are not being made by WBD or the WBD Issuers. None of Paramount, WBD, the WBD Issuers, the Dealer Managers, the Exchange Agent (as defined below), the Information Agent (as defined below), the trustees under each of the indentures governing the Offer Notes, the trustee or collateral agent under the indenture that will govern the notes to be issued in the Exchange Offers, or any affiliate of any of them makes any recommendation as to whether any holder of Offer Notes should tender or refrain from tendering all or any portion of the principal amount of such holder's Offer Notes for cash or notes to be issued in the Exchange Offers. No one has been authorized by any of them to make such a recommendation. Holders must make their own decision whether to tender Offer Notes in any Offer and, if so, the amount of Offer Notes to tender.
Only Eligible Holders may receive a copy of the Offering Memorandum and participate in the Exchange Offers. Paramount has engaged Global Bondholder Services Corporation to act as the exchange agent (in such capacity, the "Exchange Agent") and information agent (in such capacity, the "Information Agent") for the Offers. Questions concerning the Offers, or requests for additional copies of the Offer to Purchase or Offering Memorandum or other related documents, may be directed to Corporate Actions by telephone at (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or by email at [email protected]. Holders should also consult their broker, dealer, commercial bank, trust company or other institution for assistance concerning the Offers. The Exchange Offer documents and the Tender Offer documents can be accessed at the following link: https://gbsc-usa.com/paramount.
Paramount has engaged BofA Securities and Citigroup as dealer managers (in such capacity, the "Dealer Managers") for the Offers. Holders with questions regarding the Offers should contact BofA Securities, Inc. at +1 (888) 292-0070 (toll-free) or +1 (980) 388-3646 (collect) or [email protected] or Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll-free) or +1 (212) 723-6106 or [email protected]. Latham & Watkins LLP is serving as legal counsel to Paramount and Cahill Gordon & Reindel LLP is serving as legal counsel to the Dealer Managers.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Paramount, a Skydance Corporation
Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. PSKY's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.
This communication contains "forward-looking statements" regarding the Acquisition and the other transactions referred to herein. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Paramount. Risks and uncertainties include, but are not limited to: the risk that the closing conditions for the Acquisition will not be satisfied, including the risk that clearances under applicable antitrust or regulatory laws will not be obtained or will be obtained subject to conditions that are not anticipated; the possibility that the transactions described herein will not be completed in the expected timeframe or at all; the occurrence of any event, change or other circumstances that could give rise to the termination of the Acquisition; potential adverse effects to the businesses of Paramount or WBD during the pendency of the Acquisition, such as employee departures or distraction of management from business operations; negative effects of the announcement or the consummation of the Acquisition on the market price of WBD or Paramount stock; the risk of stockholder litigation relating to the Acquisition, including resulting expense or delay; the potential that the expected benefits and opportunities of the Acquisition, if completed, may not be realized or may take longer to realize than expected; risks related to the streaming business of the post-Acquisition combined business (the "Combined Company"); the adverse impact on the Combined Company's advertising revenues as a result of changes in consumer behavior, advertising market conditions, and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to the Combined Company's decision to invest in new businesses, products, services, and technologies, and the evolution of the Combined Company's business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of the Combined Company's content; damage to the Combined Company's reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining the Combined Company's intellectual property rights; domestic and global political, economic and regulatory factors affecting the Combined Company's business generally or the Acquisition; the inability to hire or retain key employees or secure creative talent; disruptions to the Combined Company's operations as a result of labor disputes; risks and costs associated with the integration of, and Paramount's ability to integrate, the businesses of Paramount Global, Skydance Media, LLC, and WBD successfully and to achieve anticipated synergies, including in the amounts or on the timelines anticipated to realize such synergies; litigation related to the Acquisition and other matters or transactions; risks associated with the Combined Company's holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; risks related to our indebtedness, including our substantial outstanding debt obligations, our ability to incur substantially more debt and our ability to meet the financial and other covenants contained in the agreements governing the indebtedness of Paramount, WBD, or the Combined Company. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Paramount and WBD can be found in Paramount's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," Paramount's most recently filed Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 4, 2026, including in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," and Paramount's subsequent filings with the SEC, and in WBD's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, including in the section captioned "Item 1A. Risk Factors," WBD's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on August 6, 2026, and WBD's subsequent filings with the SEC. Neither Paramount nor WBD undertakes to update any forward-looking statement as a result of new information or future events or developments, except as required by law.
Paramount Skydance žádá soud, aby v sporu o blokaci fúze s WBD vynutil záruku; tvrdí, že dohoda je jinak připravena k uzavření. Firma odhaduje náklady z prodlení až na 1,88 miliardy USD.
, /PRNewswire/ -- Today, Paramount Skydance Corporation (NASDAQ: PSKY) filed reply briefs in support of its request that the district court enforce the requirement that the State Attorneys General and the Writers Guild of America post a bond in connection with their lawsuit to block Paramount's merger with Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD"). The company has satisfied all closing conditions under the merger agreement and received clearances from regulators representing 69 jurisdictions. These two lawsuits are the only remaining barrier to closing this transaction.
"If plaintiffs insist that this transaction is paused during the pendency of their lawsuit, they must accept the financial consequences if their challenge ultimately fails. Paramount agreed to delay closing to facilitate a prompt resolution of the case, while expressly preserving its legal rights and we continue to honor that agreement. We are not asking the district court to lift the no-close order, but to require enforcement of the bond that protects our financial interests while the litigation remains pending," said a Paramount spokesperson.
"But for these lawsuits, the transaction is now otherwise ready to close, and the resulting costs of delay are substantial and quantifiable. The Clayton Act and Rule 65 provide for a bond precisely to protect against exactly those types of losses if a court determines an injunction ultimately is unwarranted. We are confident that the evidence will show that these lawsuits are meritless and look forward to closing the transaction and delivering its benefits in California, across the United States, and around the world."
Our filing today makes the following key points:
The Clayton Act and Rule 65 require plaintiffs to accept responsibility for the substantial financial harm incurred if their challenge ultimately fails. Paramount agreed to delay closing to facilitate a prompt trial. It did not waive its right to the bond protection required while the transaction is paused. Paramount has satisfied all conditions to closing the deal. These lawsuits are now the only obstacle to closing and the direct cause of substantial ticking and financing costs. Plaintiffs do not dispute Paramount's evidence that the potential harm is real and quantifiable, reaching up to $1.88 billion. The WGA itself previously argued that the Clayton Act makes a bond mandatory and requires a "very substantial bond" where an injunction threatens significant financial harm. As noted in the briefs:
"[A]t the eleventh hour, after dragging their investigations out for many months without providing feedback on any areas of competitive concern, and just days before final regulatory approvals from the European Commission were secured, plaintiff states filed suit seeking to stymie the transaction while immunizing themselves from economic accountability if Paramount prevails." "Paramount simply asks that Plaintiffs honor what the Clayton Act requires: A bond that will compensate Paramount for the damage it will suffer if the injunction proves improvidently granted, i.e., if Paramount ultimately prevails in the litigation and was therefore wrongly prevented from consummating the merger now, as it is prepared to do." "Paramount provided unrebutted evidence that, but-for the Order, it may suffer $1.88 billion in damages. Critically, the states never dispute that evidence or otherwise contest that Paramount will suffer financial injury as a result of the Order, both from the ticking fee and the incremental financing costs—a financial harm that the states outright ignore." About Paramount, a Skydance Corporation
Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. Paramount's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.
This communication contains "forward-looking statements" regarding the merger. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Paramount or WBD. Risks and uncertainties include, but are not limited to: the risk that the closing conditions for the merger will not be satisfied, including the risk that clearances under applicable antitrust or regulatory laws will not be obtained; the possibility that the transaction will not be completed in the expected timeframe or at all; potential adverse effects to the businesses of Paramount or WBD during the pendency of the transaction, such as employee departures or distraction of management from business operations; the risk of stockholder litigation relating to the transaction, including resulting expense or delay; the potential that the expected benefits and opportunities of the merger, if completed, may not be realized or may take longer to realize than expected; risks related to Paramount's streaming business; the adverse impact on Paramount's advertising revenues as a result of changes in consumer behavior, advertising market conditions and deficiencies in audience measurement; risks related to operating in highly competitive and dynamic industries; the unpredictable nature of consumer behavior, as well as evolving technologies and distribution models; risks related to Paramount's decisions to invest in new businesses, products, services and technologies, and the evolution of Paramount's business strategy; the potential for loss of carriage or other reduction in, or the impact of negotiations for, the distribution of Paramount's content; damage to Paramount's reputation or brands; losses due to asset impairment charges for goodwill, content and long-lived assets, including finite-lived intangible assets; liabilities related to discontinued operations and former businesses; increasing scrutiny of, and evolving expectations for, sustainability initiatives; evolving business continuity, cybersecurity, privacy and data protection and similar risks; challenges in protecting and maintaining Paramount's intellectual property rights; domestic and global political, economic and regulatory factors affecting Paramount's businesses generally; the inability to hire or retain key employees or secure creative talent; disruptions to Paramount's operations as a result of labor disputes; risks and costs associated with the integration of, and Paramount's ability to integrate, the businesses of Paramount Global and Skydance successfully and to achieve anticipated synergies; litigation relating to the transactions contemplated by the transaction agreement entered into on July 7, 2024, between Paramount Global and Skydance, potentially resulting in substantial costs; volatility in the price of Paramount's Class B common stock; the effect Paramount's dual-class capital structure and the concentrated ownership may have on the price of its Class B common stock or business; risks related to a private sale of a controlling interest in Paramount, including that Paramount's stockholders may not realize any change of control premium on shares of Paramount's Class B common stock and that Paramount may become subject to the control of a presently unknown third party; risks associated with Paramount's status as a "controlled company" under Nasdaq rules, including its exemption from certain corporate governance requirements; risks associated with the lack of voting rights of Paramount's Class B common stock; risks that anti-takeover provisions in Paramount's amended and restated certificate of incorporation (the "Charter") and amended and restated bylaws, and under Delaware law, could deter, delay, or prevent a change of control; risks that exclusive forum provisions in the Charter could limit a stockholder's choice of forum for certain claims and discourage lawsuits against Paramount's directors and officers; risks that corporate opportunity provisions in the Charter could permit certain persons to pursue competitive opportunities that might otherwise be available to Paramount; risks associated with Paramount's holding company structure, including its dependence on distributions from its subsidiaries to meet tax obligations and other cash requirements; disruptions the merger may cause to Paramount's and WBD's business and commercial relationships; the negative impact that a failure to consummate the merger could have on Paramount's business, financial condition, results of operations and stock price; the risk that the merger may be prevented or delayed or the anticipated benefits reduced if Paramount does not obtain certain regulatory approvals; the risk that the Merger Agreement may be terminated in accordance with its terms, including if any conditions to the closing of the merger are not satisfied; the risk that litigation relating to the merger could prevent or further delay the closing of the merger or result in the payment of damages after closing; challenges realizing synergies and other anticipated benefits expected from the merger, including integrating WBD's business successfully; risks to Paramount's business, financial condition or results of operations as a result of the incurrence of substantial costs and indebtedness in connection with the merger; and risks of reduced ownership and economic interest by Paramount's existing stockholders as a result of the merger. A further list and description of these risks, uncertainties and other factors and the general risks associated with the respective businesses of Paramount and WBD can be found in Paramount's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 25, 2026, Paramount's Form 10-Q for the quarterly period ended March 31, 2026, filed with the SEC on May 4, 2026, and Paramount's Form 10-Q for the quarterly period ended June 30, 2026, filed with the SEC on August 4, 2026, including, in each case, in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," and Paramount's subsequent filings with the SEC, and WBD's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 27, 2026, and WBD's Form 10-Q for the quarterly period ended March 31, 2026, filed with the SEC on May 6, 2026, including, in each case, in the sections captioned "Cautionary Note Concerning Forward-Looking Statements" and "Item 1A. Risk Factors," and WBD's subsequent filings with the SEC. Copies of these filings, as well as subsequent filings, are available online at www.sec.gov, ir.wbd.com or on request from Paramount or WBD. Paramount undertakes no obligation to update any forward-looking statement as a result of new information or future events or developments, except as required by law.
Paramount Skydance tvrdí, že výrok kalifornského generálního prokurátora Roba Bonty v televizních rozhovorech podkopává jeho argumenty proti požadavku na kauci ve výši 1,88 miliardy USD v kauze Warner Bros. Discovery.
Paramount Skydance (PSKY.O) said on Tuesday that California Attorney General Rob Bonta made statements in television interviews that undermine his legal arguments against the company's request for a $1.88 billion bond in the Warner Bros. Discovery (WBD.O) merger case.
Paramount is looking to insulate itself against the cost of delaying its bid to become a major rival of Netflix (NFLX.O) and Disney (DIS.N), as California and others seek to block the deal as illegal.
Paramount has said a bond is necessary so the company can recover losses if it wins cases brought by a California-led group of states and the Writers Guild of America. By the time the case is scheduled to conclude in April, Paramount has said it will have paid Warner Bros shareholders $1.3 billion in fees.
One of Bonta's legal arguments against the bond is that Paramount voluntarily agreed to pause closing the deal, rather than wait for a judge to issue an injunction pausing the transaction.
But Bonta has described the pause as equivalent to an injunction in television interviews, Paramount said on Tuesday, arguing that antitrust law requires the states to post a bond.
U.S. District Judge Araceli Martinez-Olguin in Oakland has scheduled a hearing on Paramount's bond request for September 24.
"We believe Paramount’s motion has no merit and look forward to presenting our case in court at the September 24th hearing," Bonta's office said in a statement.
California and 11 other states sued to block the deal in July, saying it would create a media behemoth with the power to raise prices in film and television. The Writers Guild of America has also sued, saying it would worsen working conditions and pay for writers.
Paramount has said the deal will strengthen the film and TV industry and lead to more, rather than less, content.
While Paramount and Bonta have both said they are willing to negotiate, Bonta has said the states are ready to go to trial if a potential settlement does not address their concerns.
Tapestry ve 4. čtvrtletí fiskálního roku 2026 zvýšila tržby v Evropě o 19 % a v Asii a Tichomoří o 19 %, podpořená 28% růstem v Greater China. Coach přidal v Greater China 30 % a v Evropě 25 %.
Key Takeaways Tapestry posted 19% Europe and Asia-Pacific revenue growth, led by a 28% gain in Greater China.Coach drove gains of 30% in Greater China and 25% in Europe, while Japan revenues fell 4%.Tapestry expects mid-teens growth in Europe and Greater China as international markets expand in fiscal 2027. Tapestry, Inc. (TPR - Free Report) is gaining momentum across international markets, supported by customer acquisition and increasing brand relevance. In the fourth quarter of fiscal 2026, revenues in Europe rose 19% on a pro forma constant-currency basis, while total Asia-Pacific revenues advanced 19%. Greater China led the gains with 28% growth, underscoring the expanding global appeal of Tapestry’s brands.
The strength extended across most overseas markets. Revenues in Other Asia increased 22%, led by South Korea and Australia. Coach remained the primary growth engine, delivering gains of 30% in Greater China and 25% in Europe. Revenues in Japan declined 4% as Tapestry deliberately reduced promotions to enhance brand health and profitability.
Customer acquisition and localized engagement underpinned the performance. Greater China benefited from broad-based channel growth, led by digital, while targeted marketing and brand activations resonated with Gen Z consumers. Europe gained from higher spending by local customers and continued recruitment of younger shoppers, helping Tapestry capture additional market share.
The company has considerable room for expansion. Coach’s meaningful European presence remains concentrated primarily in the United Kingdom, leaving opportunities across an estimated 35 to 40 additional countries. Management intends to invest in marketing, stores and localized product offerings to increase awareness and customer acquisition across Europe and China, where brand penetration remains relatively low.
International markets are expected to make a larger contribution in fiscal 2027. Tapestry forecasts mid-teens constant-currency growth in Europe and Greater China, high-single-digit growth in Other Asia and a return to growth in Japan. The higher-margin international mix should support profitable growth as the company targets revenues of $8.4-$8.5 billion and adjusted earnings of $7.80-$7.90 per share.
TPR’s Price Performance, Valuation & EstimatesShares of Tapestry have risen 16.1% over the past year, comfortably outperforming the industry, which has declined 10.2% during the period.
Image Source: Zacks Investment Research
From a valuation standpoint, TPR trades at a forward price-to-earnings ratio of 15.07, above the industry’s average of 12.73. It has a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Tapestry’s fiscal 2027 earnings implies year-over-year growth of 12.6%, whereas the same for fiscal 2028 indicates an uptick of 11%. Earnings estimates for fiscal 2027 and 2028 have been increased by 17 cents and 4 cents, respectively, over the past 30 days.
Image Source: Zacks Investment Research
TPR’s Zacks Rank & Key PicksTapestry currently carries a Zacks Rank #3 (Hold).
FIGS, Inc. (FIGS - Free Report) is an apparel company focused on the healthcare industry. Its offerings include lab coats, jackets, footwear, bags, socks and other accessories used by healthcare professionals. The company carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for FIGS’ current financial-year earnings and sales suggests growth of 89.5% and 18.2%, respectively, from the year-ago actuals. FIGS delivered a trailing four-quarter average earnings surprise of 201.8%.
Boot Barn Holdings, Inc. (BOOT - Free Report) is the largest lifestyle retailer in the United States, specializing in western and work-related footwear, apparel and accessories. The company also holds a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Boot Barn’s current fiscal-year earnings and sales suggests growth of 22.6% and 15.7%, respectively, from the year-ago actuals. BOOT delivered a trailing four-quarter average earnings surprise of 11.4%.
Fossil Group, Inc. (FOSL - Free Report) is involved in designing, marketing and distributing consumer fashion accessories. It also carries a Zacks Rank #2.
The Zacks Consensus Estimate for Fossil Group’s current fiscal-year earnings suggests growth of 96.7% from the year-ago actuals. FOSL delivered a trailing four-quarter average negative earnings surprise of 236.2%.
Rivian uvedl, že zájem o R2 převyšuje očekávání a konverze rezervací jsou velmi dobré. Firma zároveň míří na supervised point-to-point jízdu letos a eyes-off systém v roce 2027.
MarketBeat Week in Review – 08/24 - 08/28Rivian Automotive NASDAQ: RIVN said early customer and media feedback for its R2 electric SUV has been strong as the company ramps production and works toward broader autonomy capabilities, including supervised point-to-point driving later this year and an eyes-off system targeted for 2027.
Speaking at a Goldman Sachs event, Chip Newcom, Rivian’s vice president of investor relations, said the company has been collecting $100 refundable deposits from prospective R2 buyers and inviting customers in waves to configure vehicles and submit purchase intentions. Conversion rates from those reservations have been “very good” and are trending ahead of Rivian’s prior expectations, he said.
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What Rising Delivery Forecasts Say About Rivian's Stock ProspectsNewcom said interest has continued as new vehicle trims are introduced, including the Coastal Cloud trim. While he described the R2 launch as still being in its early stages, he said the initial reviews and feedback suggest the vehicle is achieving the intended product-market fit.
R2 Production Ramp Remains Underway Rivian is continuing to ramp R2 manufacturing at its Normal, Illinois, plant and still expects to add a second production shift during the third quarter. Newcom said the company is managing the supplier ramp process and noted that vehicle output can move only as quickly as the slowest supplier in its supply chain.
MarketBeat Week in Review – 07/06 - 07/10The company’s longer-term cost objective remains a roughly 50% reduction in R2 bill of materials compared with the R1 platform once R2 reaches full production scale. Newcom said Rivian incurred about $100 million in incremental cost of goods sold during the second quarter related to the R2 ramp and expects further ramp-related costs in the third quarter.
Rivian expects those costs to begin reversing in the fourth quarter as it works toward becoming automotive gross-profit positive on an exit-rate basis by year-end. According to Newcom, increased R2 deliveries and better fixed-cost absorption across the Normal plant’s paint, stamping and other operations will be key contributors.
“It’s all about scaling and building more R2s,” Newcom said when asked whether the target relies on unusual pricing or cost-reduction assumptions.
Autonomy Development Targets Supervised Driving This Year James Philbin, Rivian’s senior vice president of autonomy and AI, said the company is making progress on its supervised point-to-point driving feature, which it plans to introduce toward the end of the year. The work includes scaling models and data, validating system performance and testing vehicles on public roads.
Philbin said the remaining technical focus is on ensuring the system behaves in a manner that feels natural to drivers while maintaining safety. That includes avoiding overly conservative operation and appropriately handling vehicle speed. He said the technology has shown encouraging performance in situations including construction zones and narrow-road negotiations, though further validation is required before release.
Rivian’s target for eyes-off driving in 2027 is based on continued development of the same end-to-end software system, Philbin said. The company expects to build confidence through exposure to more long-tail driving scenarios and a greater number of miles.
Philbin added that Rivian has access to GPU capacity through Amazon Web Services, supported by Rivian’s relationship with Amazon, that should meet its AI training needs over the next six to nine months. He said the company will continue to monitor the market for computing capacity beyond that period.
Rivian is also seeing Autonomy+ adoption track better than expected, Philbin said, describing the products as “sticky” once customers become accustomed to using the features. He said the R2 could appeal both to customers migrating from internal-combustion vehicles and to EV buyers seeking more advanced driver-assistance functions.
Custom Silicon and Robotaxi Plans Vidya Rajagopalan, Rivian’s senior vice president of electrical hardware, said the company developed its RAP1 custom processor to improve cost, performance and development speed. Because Rivian designs the hardware alongside its vehicle and autonomy software, it can tailor the silicon to physical-AI and autonomous-driving applications rather than rely on data-center-oriented merchant chips, she said.
Rajagopalan said Rivian has had the silicon in-house for more than a year and a half and expects hardware characterization testing to be substantially complete within about a month and a half. The company has vehicles operating with the chip and has exercised public features including Universal Hands-Free, Lane Change on Command and Highway Assist on the platform.
She said the Gen 3 system remains on track for late 2026, with lower-performance configurations expected to cost less than Gen 2 hardware. Rivian has not announced when Gen 3 architecture might reach the R1 platform. Point-to-point functionality, however, is expected to be available on both Gen 2 and Gen 3 systems at launch, according to Rajagopalan.
On Rivian’s partnership with Uber, Newcom said Uber is expected to provide $1.25 billion in equity capital over several years. Rivian has already received $300 million and expects another $250 million upon reaching a milestone later this year. The remaining funding is tied to technical milestones related to an L4-capable R2 robotaxi and expansion to as many as 25 markets globally, including at least one in Europe.
The agreement includes an initial plan for Uber or its fleet partners to purchase 10,000 vehicles, with an option for another 40,000. Newcom said Rivian also expects to receive software licensing fees for vehicles operating with its driver system, though the company has not disclosed pricing for those fees.
Rivian plans testing in San Francisco, Miami and Chicago by the end of the year, Philbin said, with expert-driver teams already collecting data and validating the system. The company sees robotaxis as a step toward personal Level 4 vehicles rather than its ultimate destination.
About Rivian Automotive (NASDAQ:RIVN)Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.
Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Robinhood uzavřel víceletou dohodu s OG.com, která bude zajišťovat infrastrukturu a clearing pro jeho prediction markets. Spuštění pro vybrané zákazníky v USA má začít postupně od 8. září 2026.
Partnership Leverages OG.com's CFTC-regulated Platform Following $5 Billion Spin-off from Crypto.com
, /PRNewswire/ -- Robinhood Markets, Inc. (NASDAQ: HOOD) and prediction market platform OG.com today announced a landmark multi-year partnership designating OG.com as an infrastructure and clearing provider for Robinhood's Prediction Markets offering.
OG.com x Robinhood x Crypto.com Under the agreement, Robinhood will route retail event contract volume through OG.com's underlying Commodity Futures Trading Commission (CFTC) regulated derivatives exchange and clearinghouse architecture. Prediction Markets on Robinhood are offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the CFTC and Member of National Futures Association (NFA). This agreement will represent OG.com's largest B2B prediction markets partnership in terms of transaction volumes.
The partnership follows Citadel Securities investment into Crypto.com at a $20 billion valuation, which includes a standalone $5 billion valuation of OG.com through its strategic spin-off from Crypto.com. By separating from the core digital asset exchange infrastructure, OG.com operates as an independent company with dedicated capital allocation focused exclusively on scaling its direct consumer experience and deepening its institutional-grade, CFTC-regulated framework across sports, financials, and economic contract markets and margined derivatives.
As part of the deal, Robinhood will hold initial equity stakes in Crypto.com and OG.com following the latter's spin-off as an independent trading platform and the equity will be priced in line with the recent investment of Citadel Securities into the Crypto.com Group at a $20 billion valuation.
By routing contracts to OG.com Robinhood is expanding its existing prediction markets offering, making it an even higher-capacity engine capable of handling institutional-grade liquidity, instant clearing, and a more dynamic event catalog expansion across macroeconomic indicators, global sports, elections, and cultural milestones. The rollout of OG.com-backed event contracts on the Robinhood app will begin in phases to eligible U.S. customers starting on September 8, 2026.
"This is the beginning of a strategic partnership between both companies," said Kris Marszalek, Founder and CEO of Crypto.com and OG.com. "We're looking forward to making OG.com the most liquid venue globally for innovative derivative instruments, starting with prediction markets and quickly expanding into futures and perpetuals."
"Teaming up with Crypto.com and OG.com strengthens our position as a leader in the prediction markets space and gives us even more skin in the game," said JB Mackenzie, VP and GM of Futures and Prediction Markets at Robinhood. "Prediction markets are becoming an increasingly meaningful way for investors to engage with the events they care about, and this deal helps us meet our growing customer demand."
This multi-year partnership accelerates the evolution of modern market infrastructure by directly aligning retail accessibility with institutional-grade derivatives execution. OG.com's operational separation into a standalone entity creates the dedicated agility, specialized capital allocation, and regulatory clarity required to power high-frequency prediction markets. Simultaneously, Robinhood's integration and direct equity stake position both companies to capture the surging global demand for CFTC-regulated event contract trading and other innovative products.
By partnering with OG.com, Robinhood is further improving its execution layer with an established exchange infrastructure offering deep liquidity, ensuring strict federal compliance under CFTC oversight while supporting Crypto.com and OG.com's broader vision to establish two category-defining financial powerhouses in digital assets and regulated derivatives.
About Crypto.com
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Learn more at https://crypto.com.
About OG.com
OG.com is an independent trading platform that operates multiple business lines servicing customers globally. Conducting business through registered entities, including the OG of event markets North American Derivatives Exchange, Inc., a designated contract market and derivatives clearing organization registered with the Commodity Futures Trading Commission (CFTC), and the OG Broker, a CFTC-registered Futures Commission Merchant (FCM), OG.com offers an up-to-date trading ecosystem for prediction market contracts across various categories, including sports, financials, economics, culture, and much more.
Built around a comprehensive suite of event contracts, OG.com allows all OGs to be original, whether a customer is a sports fan, an influencer, an oracle of culture, or part of the global community - all OGs can act on uncertainty, trade predictions, engage with a vibrant community, and climb the leaderboard. Available through direct access as well as intermediaries like FCMs and Introducing Brokers, OG.com is where it pays to be right.
Find your edge today at https://OG.com.
OG.com is available in approved jurisdictions. Trading is subject to risk and may not be appropriate for all.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services, and private markets access to a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.
Futures, options on futures and cleared swaps trading is offered by Robinhood Derivatives, LLC ("Robinhood Derivatives"), a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and Member of National Futures Association (NFA). Robinhood Derivatives is a wholly-owned subsidiary of Robinhood Markets, Inc. ("Robinhood Markets"-- when including its consolidated subsidiaries, "we," "our" or "Robinhood").
Robinhood posiluje po rozšíření partnerství v prediction markets s Crypto.com a po první roli při upisování IPO u Oura. Goldman Sachs zvýšila cílovou cenu na 142 USD z 124 USD.
Robinhood Markets Inc. (NASDAQ:HOOD) shares are trading higher Tuesday. Factors include an expanded prediction markets partnership and a new IPO underwriting role, alongside fresh analyst price target increases.
Robinhood stock is showing upward movement. What’s pushing HOOD stock higher? Crypto.com Deal Expands Robinhood’s Prediction MarketsAccording to The Wall Street Journal, Robinhood struck a deal with Crypto.com to bring the crypto exchange’s yes-or-no event contracts into Robinhood’s prediction markets hub, alongside an equity stake in Crypto.com. The partnership adds Crypto.com to a growing roster of contract suppliers that already includes Kalshi, Interactive Brokers’ ForecastEx, and Rothera, Robinhood’s joint venture with Susquehanna International Group. Robinhood has recorded more than 16 billion event contracts traded in 2026, already surpassing the more than 12 billion traded across all of 2025.
Robinhood Joins Oura IPO SyndicateSeparately, The Wall Street Journal reported that Robinhood has landed its first-ever IPO underwriting role, joining the syndicate for smart-ring maker Oura’s upcoming public offering. Oura filed for its IPO seeking a valuation exceeding $16 billion, with Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co., and Jefferies serving as lead bookrunners. Robinhood is listed 18th in the syndicate, having received regulatory approval to underwrite deals just three months ago in June.
Analyst ActivityGoldman Sachs raised its price target on Robinhood to $142 from $124, maintaining a Buy rating, with analyst James Yaro citing the strong early performance of Rothera. Cantor Fitzgerald maintained an Overweight rating on Robinhood and raised its price target to $150.
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Robinhood Shares Edge HigherHOOD Price Action: At the time of publication, Robinhood shares are trading 3.28% higher at $126.11, according to data from Benzinga Pro.
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UiPath ve 2. čtvrtletí zvýšil tržby o 13,4 % na 410,3 mil. USD a poprvé po čtyřech kvartálech vykázal GAAP zisk. Akcie PATH přesto od zveřejnění výsledků klesly o 24 %.
Key Takeaways UiPath shares fell 24% despite Q2 revenues beating expectations and full-year guidance being raised.PATH's ARR rose 12.5% year over year, while AI featured in 18 of the quarter's 20 largest deals.UiPath posted a fourth straight GAAP-profitable quarter and ended Q2 with $1.405 billion in cash. UiPath’s (PATH - Free Report) latest results merit another look after the market has had time to digest them. Shares have fallen 24% since the Sept. 3 release, even though second-quarter fiscal 2027 revenues exceeded expectations and management lifted its annual targets.
The reaction appears less about the reported quarter than the outlook’s magnitude and composition: the fiscal third-quarter revenue midpoint sits below the consensus mark, while the modest ARR-guidance increase leaves investors waiting for clearer AI-driven acceleration. That reset, however, creates a more interesting entry point, provided execution continues.
Image Source: Zacks Investment Research
PATH’s YoY Revenue Growth Beats ExpectationsFiscal second-quarter revenues rose 13.4% year over year to $410.3 million, beating the $397.8 million consensus mark by 3.1%. Revenues nevertheless have declined 1.9% sequentially from $418.4 million. License revenues increased 10.4% year over year to $123.8 million but fell 17.1% from the fiscal first quarter.
Subscription-services revenues advanced 11.6% year over year and 5.2% sequentially to $266.1 million, improving the recurring-revenue mix. Professional services and other revenues surged 81.6% year over year and 25.8% quarter over quarter to $20.3 million, although they remained a small contributor.
PATH’s Margin Expansion Confirms Better Operating DisciplineGAAP gross profit increased 10.9% year over year but declined 3.5% sequentially to $329.7 million. The corresponding gross margin was 80%, down two percentage points both year over year and sequentially. Non-GAAP gross margin similarly contracted to 82% from 84% a year ago and 83% in the prior quarter.
Lower operating expenses offset that pressure. GAAP operating income reached $31.6 million, reversing a $20.2 million loss a year earlier and rising 12.9% sequentially. Operating margin improved to 8% from negative 6% and 7% in the prior year and prior quarter, respectively. This marked UiPath’s fourth consecutive quarter of GAAP profitability.
Non-GAAP operating income climbed 42.9% year over year to $89 million, though it slipped 3.7% sequentially. Its 22% margin expanded five percentage points year over year and held steady quarter over quarter. Adjusted earnings were 15 cents per share, unchanged both year over year and sequentially.
ARR Gains Support the AI Thesis, but Acceleration Is Still NeededARR reached $1.938 billion, up 12.5% year over year and 1.9% sequentially. Net new ARR was $37 million, 19.4% above the prior-year quarter but 24.5% below the first quarter’s $49 million. Dollar-based net retention was 109%, improving one percentage point year over year and remaining flat sequentially. Gross retention held at 97%, with attrition concentrated among smaller customers.
Image Source: Zacks Investment Research
AI appeared in 18 of the quarter’s 20 largest deals, suggesting it is becoming central to enterprise purchases. UiPath’s proposition combines probabilistic AI with rules-based automation, while model neutrality and integrations with major coding assistants broaden its relevance. Larger outcome-oriented contracts could lift deal sizes, but evolving transaction-based pricing makes near-term monetization less predictable.
Raised Guidance Is Positive, Yet the Upside Looks MeasuredFiscal third-quarter revenue guidance of $440-$445 million has a $442.5 million midpoint, lower than the $444.3 million Zacks Consensus Estimate. ARR is projected at $1.992-$1.997 billion, implying 2.9% sequential growth at the midpoint, while non-GAAP operating income of roughly $100 million suggests a margin near 22.6%.
Full-year revenue guidance increased to $1.789-$1.794 billion from $1.776-$1.781 billion, representing a 0.7% midpoint raise and higher than the current Zacks Consensus Estimate of $1.78 billion. The ARR range moved up just 0.3% at the midpoint to $2.065-$2.070 billion, while non-GAAP operating-income guidance rose 3.5% to $445 million. Adjusted free cash flow is expected to approximate $425 million. The sharper profit revision is encouraging, but the restrained ARR increase helps explain why the market focused on competitive AI risk rather than the headline beat.
ServiceNow and Salesforce Set a Demanding Competitive BarServiceNow (NOW - Free Report) and Salesforce (CRM - Free Report) provide useful benchmarks for UiPath’s AI-automation opportunity. ServiceNow embeds AI agents and workflow orchestration across its enterprise platform, giving it a large installed-base advantage and substantial cross-selling reach. Salesforce similarly connects autonomous agents with customer data, applications and workflows through Agentforce, making it a formidable competitor for enterprise automation budgets.
Yet UiPath retains differentiation in deterministic robotic automation, model neutrality and governance across mixed human, software and agent processes. ServiceNow may appeal to customers standardizing IT workflows, while Salesforce is strongest around customer-facing processes. UiPath’s opportunity lies in serving as the controlled execution layer across both domains, especially for complex, regulated operations over the coming investment cycle.
Cash Generation Moderated, but the Balance Sheet Remains StrongOperating cash flow fell 26.2% year over year and 76.7% sequentially to $30.7 million. Adjusted free cash flow was about $31 million, down 31.1% year over year and 76.2% sequentially, reflecting quarterly timing following a strong first quarter.
UiPath still ended the period with $1.405 billion in cash and investments, down only 1.1% sequentially, and no debt. It also repurchased 2.4 million shares at an average price of $9.63, providing modest support while preserving substantial financial flexibility.
Verdict: The Selloff Makes PATH a BuyThe post-earnings decline has created an attractive entry point for investors willing to tolerate volatility. UiPath is pairing durable recurring-revenue growth with stronger retention, disciplined spending and sustained profitability, while its debt-free balance sheet provides room to keep investing. The market’s concern that general-purpose AI tools could erode traditional automation demand is legitimate, and near-term growth remains measured. However, enterprises still require accuracy, governance and orchestration when automated decisions reach core operations. UiPath’s model-neutral platform is designed for precisely that need. With execution improving and expectations reset after the selloff, the risk-reward balance supports a Buy for patient investors today.
PATH stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
UiPath po silných výsledcích klesá o 7 %, přestože Wall Street zvýšila cílové ceny; žádný analytik ale nepřešel na nákupní doporučení. Pegasystems ve stejném sektoru také odepsal 7 %.
Wall Street just raised price targets on UiPath across the board after a strong earnings beat, yet not a single analyst upgraded the stock. Here is why four simultaneous target hikes are actually a bearish signal for automation software investors.
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The enterprise AI automation cohort is selling off Tuesday as Wall Street’s response to UiPath‘s (NYSE:PATH | PATH Price Prediction) fiscal second-quarter report crystallizes into a chorus of higher price targets paired with non-buy ratings. The iShares Expanded Tech-Software Sector ETF (CBOE:IGV) is down 2% on the session, and the automation names inside it are pacing the decline. Analysts think UiPath stock is worth more than it was a week ago, but their ratings remain firmly on the sidelines.
UiPath stock is down 7% to $14.11 in Tuesday afternoon trading, extending a selloff that has undone a 40% August rally into earnings. Pegasystems (NASDAQ:PEGA) shares are down 7% to $34.86 without a fresh company-specific catalyst, seemingly moving in sympathy with the group.
Meanwhile, C3.ai (NYSE:AI) stock is down 1% to $10.35, holding up notably better than its peers. That relative resilience complicates any read that the entire agentic AI software group is being marked down as one block, because C3.ai’s own turnaround narrative from last week’s earnings call gives it a different setup from UiPath’s growth-quality debate.
Four Target Hikes, Zero Buy Ratings UiPath’s fiscal Q2 2027 revenue of $410.26 million topped estimates, and annual recurring revenue reached $1.938 billion, up 12% year over year. The company also swung to $32 million in GAAP operating income from a prior-year loss, marking its fourth consecutive quarter of GAAP profitability. That combination was enough for four Wall Street firms to lift price targets while leaving all of them parked on the sidelines.
Koji Ikeda at Bank of America raised his PATH stock price target to $15 while keeping an Underperform rating, arguing the quarter did little to answer whether AI will meaningfully accelerate ARR growth. Truist lifted its target to $17 with a Hold on more agentic AI deals and modest customer growth improvement, and TD Cowen went to $16 with a Hold, citing steady performance and stable retention. DA Davidson also nudged its target higher while keeping a Neutral rating, rounding out a group that collectively signaled the recent rally had gotten ahead of the fundamentals.
Pegasystems Caught in the Same Downdraft Pegasystems carries its own overhang from its Q2 2026 report, when total annual contract value (ACV) growth slowed to 7% year over year and CEO Alan Trefler flagged AI-driven client hesitation that management warned could persist through year-end. Pega Cloud remained a bright spot, with Pega Cloud ACV up 22% to $926.29 million, though the topline miss and elongated sales cycles left Pegasystems stock exposed to any negative read across the automation software peer group.
With no obvious news of its own today, the 7% PEGA stock drop looks like guilt by association with UiPath rather than a stand-alone Pegasystems catalyst. Pegasystems stock’s 41% year-to-date decline shows how much repair work is already priced in, which arguably raises the bar for meaningful further downside on sector sympathy alone.
What to Watch Next The next scheduled test for UiPath is its investor day in Las Vegas on September 22, followed by its Fusion user conference running through September 25. That’s the venue where management can put a sharper number on how AI attach rates translate into ARR acceleration, which is the specific bar every analyst note pointed to on Tuesday.
The bull case rests on AI-attached deals meaningfully widening deal scope and stickiness, and UiPath said 18 of its top 20 deals in the quarter included AI. The bear case is that four target hikes with no rating changes is Wall Street’s polite way of saying the fundamentals haven’t yet earned a rerating, particularly with UiPath stock having rallied hard into the report.
Shareholders can watch for a lifted ARR outlook at UiPath’s investor day, or another quarter of the growth question being deferred. Position sizing on both UiPath and Pegasystems should stay modest given the recent volatility, and investors holding either name should keep their exposure trimmed to survive a stretch of range-bound trading if the automation-software rotation drags on.
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Chipotle otevřelo první restauraci v Asii, v jihokorejském Soulu v čtvrti Gangnam, a testuje tak expanzi prostřednictvím joint venture se Sangmidang Holdings. Firma chce v regionu vytvořit škálovatelný model růstu.
How long would you wait for a Chipotle bowl? Some South Korean diners stuck it out for three hours.
The U.S. fast-casual chain opened its first Asia-region restaurant in Seoul’s Gangnam neighborhood in early September, which also marked its first-ever expansion through a joint venture.
The lines were so long they became a running joke on Korean social media, with one user suggesting a flight to the U.S. might be the faster way to get Chipotle. Then came the how-to guides, in posts filled with menu combinations and step-by-step explainers on how to navigate Chipotle’s build-your-own ordering system.
The joint venture with South Korean food company Sangmidang Holdings is “an important evolution of our global growth strategy,” Nate Lawton, Chipotle’s chief business development officer, told CNBC. There is no one-size-fits-all approach to entering a new market, he said, but Sangmidang brings local market knowledge, operating infrastructure and experience scaling restaurant brands across Asia.
Sangmidang previously brought Shake Shack to the country.
The joint venture, S&C Restaurants Holdings, is 51% owned by Big Bite Company, an affiliate of Sangmidang, with Chipotle holding the remaining 49%, according to the Korean partner.
Chipotle has an established presence in Canada and Europe and is expanding through partnerships in the Middle East and Mexico as well, said Lawton.
“Korea is important because we’re not simply opening restaurants — we’re building a model for how Chipotle can enter and ultimately scale in a new region while protecting what makes the brand special,” Lawton said. “The real measure of Korea’s success won’t be the performance of a single restaurant,” but “whether we can build a repeatable, scalable model.”
The Asia opportunity South Korean consumer interest in Mexican food is relatively strong, as 42% of consumers had eaten it in the previous three months, according to global market intelligence firm Mintel. Another 37% had not eaten it recently but were interested in doing so.
Heng Hong Tan, associate principal for food and drink at Mintel, said South Korea and Singapore — Chipotle’s next stop in Asia — offer favorable conditions for international fast-casual brands because consumers are “well-travelled, globally connected and receptive to international cuisines.”
Chipotle won’t have the market to itself. South Korea already has Mexican-inspired fast-casual chain Cuchara, while Singapore has established players including Guzman y Gomez and Stuff’d, Tan said.
Expanding in Asia also means building the infrastructure to support the business locally.
In South Korea, Chipotle and its local partner built a supply chain designed to meet the company’s global food quality standards. Big Bite said it tapped suppliers and farms it had already vetted for quality and reliability, along with SPC’s sourcing and processing infrastructure, to build the local supply chain.
Beyond Seoul Chipotle is already preparing for the second leg of its Asia expansion. Its joint venture partner told CNBC it is targeting the first half of 2027 for a Singapore launch, though the exact timing and location have yet to be finalized.
“Singapore is a natural next step for Chipotle in Asia,” Lawton said, describing it as a highly international market where consumers are familiar with global brands.
Still, Singapore’s restaurant market has its own set of challenges. Tan pointed to elevated rental, labor and energy costs as pressures on restaurant profitability.
Chipotle has not announced which Asian markets could follow South Korea and Singapore, saying its priority is executing in the markets it has already committed to.
Consumers across many Asian markets are willing to experiment with new flavors and restaurant concepts, creating opportunities for brands to generate awareness and trial quickly, Tan said. Ultimately, brands that can combine international appeal with local relevance are likely to be best positioned for long-term growth in Asia, he added.
, /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and the European Energy Exchange, the world's leading exchange for power and European energy, today announced an agreement for EEX to transition its European dairy business to CME Group, already home to the dairy risk management industry in the U.S.
Under the terms of the agreement, EEX intends to phase out its dairy business and support the transition of its suite of indices underpinning existing futures contracts to CME Group before the end of 2027. The transaction, which includes the European butter and skimmed milk powder indices, will mark CME Group's entry into the European dairy market, with plans to launch its own European dairy indices, futures and options in the near future.
"The European dairy market is one of largest in the world, and the addition of European dairy futures and options will allow CME Group to build on record activity in our U.S. dairy franchise and offer clients access to a truly global market in one venue," said Derek Sammann, Senior Managing Director & Global Head of Commodities Markets, CME Group. "As the global population grows, dairy is becoming an increasingly important protein source for diets around the world. With U.S. dairy volumes increasing 73% over the past five years, expanding into Europe is the natural next step in helping producers and consumers access capital efficiencies and manage regional price risk."
"We are proud of the leading European market for dairy derivatives that we built over the years together with our customers. With our renewed focus on core markets and related growth areas, we are delighted to have CME Group as our successor, bringing additional growth opportunities for the dairy community. We are committed to supporting CME Group and market participants with a smooth transition," said Tobias Paulun, Chief Executive Officer of EEX. "This will allow us to focus on our wider energy market offering and our drive to support the energy transition."
Dairy futures trading at EEX will remain available for the respective listed maturities, and there won't be any immediate changes to the setup of the pan-European butter and WECI indices.
The European Union accounts for roughly 20% of cow's milk production and more than 30% of nonfat dry milk exports globally, according to the U.S. Department of Agriculture Foreign Service. Much of that market remains unhedged.
Open interest in CME Group's dairy market climbed to a record 434,071 contracts on September 1, 2026.
The transaction is subject to pending closing conditions. For more information on CME Group dairy markets, please visit here.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
Bill Ackmanova Pershing Square otevřela novou pozici v Intercontinental Exchange a tvrdí, že trh podceňuje její AI a datový byznys. ICE ve 2. čtvrtletí zvýšila opakované příjmy o 8 % na 1,35 miliardy USD.
Bill Ackman just placed a major bet on the owner of the New York Stock Exchange, arguing that investors have the AI threat to this business exactly backwards.
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Bill Ackman’s Pershing Square disclosed in its 2Q26 letter to shareholders that it initiated a new position in Intercontinental Exchange (NYSE:ICE | ICE Price Prediction), the owner of the New York Stock Exchange. The letter argued that ICE shares had fallen over the year before the purchase while the earnings multiple contracted sharply, and that investors overestimated both the threat AI poses to the company’s data and mortgage technology businesses and the danger perpetual futures pose to its exchanges.
Pershing initiated the position after the letter’s quarter-end date, so the decline and the multiple describe the purchase context as of that period. ICE closed at $161.26 on September 4, up 7.62% over the past month but down 6.41% over the last year.
Why the Business Gets Stronger as Markets Automate The New York Stock Exchange is the recognizable entry point, but in most cases it sits within futures, clearing, and data. Automated participants still need a regulated venue to trade on, a price feed to trade against, and a clearinghouse to stand behind the trade.
ICE’s second quarter carried the point. Recurring revenue reached $1.35 billion, up 8%, and Fixed Income and Data Services net revenue grew 8% to $645 million. Management raised full-year recurring-revenue guidance for that segment to 7% to 8%.
CEO Jeff Sprecher said “AI is making our data more valuable, not less”, describing ICE’s proprietary pricing as “data that cannot be scraped or synthesized”. The new ICE Model Context Protocol server feeds that governed data into client AI workflows with permissioning and audit trails intact.
Ackman’s Conditional Return Case Pershing’s expected return rests on two legs: earnings growth from the recurring, data-heavy businesses, and a recovery in the multiple that compressed during the drawdown. ICE beat consensus for a fifth straight quarter, posting adjusted diluted EPS of $1.9 against a $1.84 consensus.
Capital return supports the per-share math. The board authorized up to $4.0 billion in repurchases effective July 1, 2026, and management plans to raise the baseline quarterly buyback from $350 million to $400 million.
The pending $5.7 billion acquisition of Market Access at $167 per share extends ICE’s fixed-income network. Sprecher described the combined platform as a “global fixed income network” that connects retail and institutional liquidity and evaluates pricing, execution, and clearing through a single connection.
Peer Context and Where the Thesis Can Break CME Group (NASDAQ:CME) reported record market-data revenue of $238 million, up 20% year over year. Nasdaq (NASDAQ:NDAQ) grew index revenue 38% to $271 million and listed SpaceX (NASDAQ:SPCX) in an $86 billion IPO, the largest in exchange history. CME is up 6.05% year to date and NDAQ up 0.4%, versus ICE at 0.26%. That valuation gap is the setup Pershing likes.
Three vulnerabilities stand out. A prolonged weak mortgage market would keep the segment’s GAAP operating margin near the 8% reported last quarter, delaying the realization of operating leverage from Aurora adoption.
Competitive pressure on fixed-income execution and data pricing is real, and management said Market Access has faced declining market share. The old multiple may never come back on Pershing’s timetable, in which case returns depend entirely on earnings compounding.
Is ICE Stock a Buy? Pershing’s thesis is grounded in cash flows already visible on the income statement. If AI accelerates demand for governed, regulated data and ICE integrates Market Access on schedule, the recurring-revenue engine keeps compounding whether or not the multiple re-rates quickly.
Against CME’s higher growth rate and Nasdaq’s faster AI monetization, ICE is the value play in the group. For a retirement-focused investor researching market infrastructure exposure through cycles, ICE screens as the value name in the group on Ackman’s logic, with the mortgage cycle as the risk worth monitoring.
Contact [email protected] for any questions or corrections.
Z-Flex od společnosti Zscaler přinesl ve 4. čtvrtletí více než 770 milionů USD TCV, což je mezikvartálně o více než 60 % více. Zákazníci Z-Flexu ve fiskálním roce 2026 zvýšili průměrné ARR téměř o 30 %.
Key Takeaways Z-Flex generated over $770 million in fourth-quarter TCV, up more than 60% sequentially for Zscaler.Z-Flex customers posted nearly 30% average ARR uplift in fiscal 2026 as flexible deals eased expansion.Zscaler expects fiscal 2027 revenue growth of 16.6%-17.5% after fourth-quarter revenues rose 24.9%. Zscaler, Inc.’s (ZS - Free Report) Z-Flex offering is emerging as an important growth lever, helping the cybersecurity company deepen customer relationships while making it easier for enterprises to expand across its platform. The momentum was particularly strong in the fourth quarter of fiscal 2026.
In the fourth quarter, Z-Flex generated more than $770 million in total contract value (TCV), up more than 60% sequentially. For the full fiscal 2026, TCV exceeded $1.7 billion. Z-Flex offering gives customers multi-year commitments while allowing them to activate or swap modules without starting a new procurement process. This flexibility can shorten sales cycles and create more opportunities for upselling.
The results suggest that customers are responding well. Z-Flex customers recorded an average ARR (annual recurring revenues) uplift of nearly 30% in fiscal 2026. Zscaler’s fourth-quarter revenues increased 24.9% year over year to $898.2 million, while ARR rose 25% to $3.77 billion. Non-seat-based metered solutions, which include offerings beyond traditional user-based security, accounted for about 30% of new and upsell ACV in the fourth quarter and full-fiscal 2026, with related ARR growing more than 100%.
The key question is whether Z-Flex can keep driving adoption as Zscaler enters a slower-growth fiscal 2027. The company expects full-year revenue growth of 16.6%-17.5%. Still, rising platform adoption, larger customer deals and strong Z-Flex momentum provide reasons for optimism. If Zscaler can use flexible contracts to expand customer spending, Z-Flex could become an important support for growth while improving long-term revenue visibility.
PANW and CRWD: ZS’ Rivals Focus on Flexible PlatformsZscaler is not alone in using security platforms to expand customer spending. The company’s major competitors, Palo Alto Networks, Inc. (PANW - Free Report) and CrowdStrike Holdings, Inc. (CRWD - Free Report) , are also focusing on platform strategies to boost customer adoption.
Palo Alto Networks’ platformization strategy is translating into larger commitments, supported by expanding next-generation security ARR and RPO. PANW’s security platforms simplify security infrastructure for organizations by eliminating the need for multiple, stand-alone security appliances and software products.
This reduces the total cost of ownership, giving Palo Alto Networks a competitive edge and boosting customer adoption. In the third quarter of fiscal 2026, next-generation security ARR rose 60% year over year to $8.13 billion, and total RPO increased 36% to $18.4 billion, showing larger commitments across the platform.
Similar to Zscaler, CrowdStrike is also focusing on a flexible platform, Falcon Flex. By letting customers commit upfront and draw down spending across products over time, Falcon Flex is becoming a larger driver of platform consolidation.
In the second quarter of fiscal 2027, CrowdStrike added more than 935 Flex accounts, more than the prior three quarters combined, and Flex ending ARR exceeded $2.29 billion, up 101% year over year. Customers converting from standard subscriptions to Flex generated more than 40% average ending ARR uplift.
For Zscaler, the challenge is to make Z-Flex’s flexibility a clear advantage as rivals use platform-based models to drive adoption and larger customer commitments.
Zscaler’s Price Performance, Valuation & EstimatesZS shares have plunged 24.9% year to date, while the Zacks Security industry has surged 71.6%.
Zscaler YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, ZS trades at a forward price-to-sales ratio of 6.96, significantly below the industry’s average of 17.11.
Zscaler Forward 12-Month P/S Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Zscaler’s fiscal 2027 and 2028 earnings implies a year-over-year increase of 7.1% and 16.4%, respectively. Estimates for fiscal 2027 have been revised downward over the past 60 days, while fiscal 2028 estimates have been lowered in the past 30 days.
Image Source: Zacks Investment Research
Zscaler currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zscaler uvedl Agentic SOC, novou AI-first platformu pro bezpečnostní operace, která má v reálném čase detekovat a zastavovat AI útoky. Produkt je dostupný globálně.
SAN JOSE, Calif., Sept. 09, 2026 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the cybersecurity platform for the AI era, today announced Zscaler Agentic SOC, a new approach to security operations built to proactively reduce exposures, scale human expertise and stop AI-driven attacks at machine speed. In today’s threat landscape, simply layering in AI capabilities onto the existing security stack will not provide the protection needed. Zscaler is delivering a new solution to the security operations center (SOC), purpose-built from the ground up with an AI-first approach to detect, investigate, and stop threats at machine speed.
Today’s threat landscape is defined by speed and stealth as AI-driven attacks move faster than SOC teams can manually correlate, analyze, and remediate. Threatlabz, Zscaler’s global research team, is also seeing a rise in evasive tactics, including the use of trusted sites to host attacks, abuse of legitimate remote management tools, and browser-based attacks. Zscaler Agentic SOC is built to meet that challenge by combining unique Zscaler telemetry, the world’s largest decoy mesh network, expert-validated agents, integrated Zscaler Zero Trust controls, and customers’ third-party controls to detect threats earlier and automate containment at machine speed.
To power Agentic SOC, Zscaler has partnered with leading frontier AI labs, including Anthropic and OpenAI. By integrating their frontier models alongside Zscaler's proprietary threat intelligence and zero trust telemetry, Zscaler is able to deliver AI agents that reason with greater depth, accuracy, and explainability than any single model or approach could achieve alone. This extends beyond threat detection, with Zscaler's open platform approach enabling direct integration with frontier models, allowing security teams to ingest vulnerability findings and operationalize them within their SOC workflows. This collaboration reflects Zscaler's commitment to building on the best available AI that includes speed, reliability and transparency that security operations demand.
“AI-driven attacks are moving faster than traditional SOC models were ever designed to handle,” said Deepen Desai, Executive Vice President of Cybersecurity at Zscaler. “Agentic SOC is a fundamental rethinking of security operations, built with agentic capabilities at its core to reduce exposures proactively, extend human expertise with AI agents and contain threats at machine speed. With unmatched inline telemetry, specialized AI agents and closed-loop remediation, Zscaler is giving security teams the visibility and control they need to outpace modern attackers.”
“The past year has made one thing clear: AI attacks are fundamentally changing the threat landscape, operating at a speed, scale, and level of adaptability that looks very different from traditional human-led activity,” said Allie Mellen, principal analyst and author of Code War: How Nations Hack, Spy, and Shape the Digital Battlefield. “To defend effectively, organizations must double down on the fundamentals — Zero Trust principles, preventing data exfiltration, limiting access, and making AI attacks as expensive as possible.”
Reimagining SecOps: The Zscaler Differentiation
Unified exposure and threat management: Zscaler connects proactive attack surface reduction with reactive threat defense in a single platform, enriching context and accelerating protection.Unmatched zero trust telemetry: Zscaler sits inline, capturing network, identity, endpoint, cloud and AI insights across its 750 billion daily zero trust transactions that security teams can operationalize for real-time detection and response.Specialized AI agents built on frontline experience: Zscaler AI agents have been trained and continuously tuned on more than 10 years of frontline SOC, managed detection and response and threat-hunting experience, informed by threat intelligence derived from thousands of customer environments globally.Closed-loop inline remediation: Zscaler automatically contains threats at machine speed with native inline controls that can isolate compromised users, block command-and-control communications, and cut off lateral movement. Integrations with customers’ third-party tooling provide increased options for nuanced responses to active threats. “Our team was drowning in alert noise, forcing top analysts into triage instead of proactive threat hunting,” said Andrea Liccardi, Sr. Cybersecurity Manager, Maire Tecnimont. “Zscaler Agentic SOC gives us full attack-path context using telemetry we already had in place, helping our team move from fragmented signals to faster, more informed decisions. Zscaler has proven to be one of our most valuable cybersecurity partners, continuously helping us improve operational efficiency, visibility, and our ability to focus our analysts on what really matters.”
Open Platform Integration
Zscaler Agentic SOC seamlessly integrates with your existing security ecosystem, pulling in third-party data to contextualize risks and threats. By triggering automated outbound actions, it proactively eliminates exposures and contains attacks at machine speed.
Key Features of Zscaler Agentic SOC
Data-rich context graph: Correlates real-time zero trust telemetry with third-party data to map, prioritize and investigate complex incident chains.Specialized AI agents: Autonomous agents perform dedicated roles across triage, root-cause investigation, assigning verdicts, and triggering response workflows, reducing analyst workload and accelerating defenses.Advanced detections informed by threat intelligence: Applies frontline threat research and rich telemetry to identify sophisticated attacks earlier and with greater precision.Continuous threat hunting and expert support: Combines AI speed with seasoned human judgment from Zscaler and Red Canary security experts. Availability and Additional Information
Zscaler Agentic SOC is available globally today. To learn more, register for the global launch webinar or visit zscaler.com/solutions/agentic-secops.
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Forward-Looking Statements
This press release contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. These forward-looking statements include the expected adoption, performance and benefits of Zscaler Agentic SOC, including its AI agents, third-party integrations and automated threat-containment and remediation capabilities. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to Zscaler’s ability to deliver and achieve customer adoption of Zscaler Agentic SOC and the performance and effectiveness of its AI-driven and automated capabilities. Additional risks and uncertainties are set forth in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on September 3, 2026, which is available on our website at ir.zscaler.com and on the SEC's website at www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.
About Zscaler
Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across over 200 public data centers globally and thousands of private sites at the edge, the SASE-based Zero Trust Exchange is the world’s largest in-line cloud security platform.
Media Contact
Nick Gonzalez, Director, Public Relations, [email protected]
Brown Lisle Cummings Inc. reduced its stake in Veeva Systems Inc. (NYSE:VEEV – Free Report) by 58.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,293 shares of the technology company’s stock after selling 10,120 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Veeva Systems were worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. California State Teachers Retirement System increased its holdings in shares of Veeva Systems by 16,590.3% during the second quarter. California State Teachers Retirement System now owns 39,388,224 shares of the technology company’s stock valued at $6,990,228,000 after acquiring an additional 39,152,230 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Veeva Systems by 7.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,141,545 shares of the technology company’s stock worth $727,513,000 after purchasing an additional 271,252 shares in the last quarter. State Street Corp grew its position in Veeva Systems by 2.4% during the 4th quarter. State Street Corp now owns 3,589,425 shares of the technology company’s stock valued at $801,267,000 after purchasing an additional 85,695 shares during the last quarter. Geode Capital Management LLC increased its stake in Veeva Systems by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,172,716 shares of the technology company’s stock valued at $706,442,000 after purchasing an additional 23,117 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Veeva Systems by 31.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,412,210 shares of the technology company’s stock valued at $706,078,000 after purchasing an additional 574,164 shares in the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.
Analyst Upgrades and Downgrades VEEV has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $295.00 target price on shares of Veeva Systems in a report on Thursday, August 27th. Canaccord Genuity Group boosted their price objective on shares of Veeva Systems from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 27th. Royal Bank Of Canada upped their price objective on Veeva Systems from $275.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. The Goldman Sachs Group cut their target price on Veeva Systems from $190.00 to $165.00 and set a “sell” rating on the stock in a research note on Thursday, June 4th. Finally, Truist Financial lifted their target price on Veeva Systems from $262.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 27th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus price target of $284.46.
Read Our Latest Analysis on VEEV Veeva Systems Stock Down 0.4% Shares of VEEV stock opened at $274.02 on Tuesday. The company has a 50 day moving average price of $222.45 and a 200-day moving average price of $188.73. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50. The firm has a market capitalization of $44.37 billion, a PE ratio of 45.07, a P/E/G ratio of 1.17 and a beta of 0.97.
Veeva Systems (NYSE:VEEV – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The company had revenue of $927.96 million for the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the prior year, the firm earned $1.99 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. Analysts anticipate that Veeva Systems Inc. will post 6.7 earnings per share for the current year.
Insiders Place Their Bets In other news, insider Thomas Schwenger sold 10,000 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $281.33, for a total transaction of $2,813,300.00. Following the transaction, the insider directly owned 19,449 shares of the company’s stock, valued at $5,471,587.17. This represents a 33.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.
Veeva Systems Company Profile (Free Report)
Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.
Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.
Recommended Stories Five stocks we like better than Veeva Systems 3 Under-the-Radar Defense Stocks With Record Backlogs This Korea ETF Has Soared, But the Rally May Not Be Over Why Guidewire’s Post-Earnings Plunge May Not Last Ride-Share Reckoning: Tesla Drives Into Uber’s Lane Want to see what other hedge funds are holding VEEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veeva Systems Inc. (NYSE:VEEV – Free Report).
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Rocket Lab po selhání testu 1. stupně odkládá debut Neutronu na 4. čtvrtletí 2026. Přesto Stifel drží cílovou cenu 150 USD, což znamená více než dvojnásobný růst.
Rocket Lab sits deep in the red after a rocket test failure spooked investors, yet one top Wall Street analyst just doubled down with a target that implies the stock more than doubles from here. The question is whether the…
Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) currently trades at $64.26, well below the Wall Street average price target of $111, an implied upside of roughly 72.7%.
Rocket Lab is a vertically integrated space company running the small-lift Electron rocket, the HASTE hypersonic testbed, an in-development medium-lift Neutron rocket, and a fast-growing space systems arm that builds satellites, components, and propulsion. Management has also announced a deal to acquire Iridium Communications to become a self-launching, integrated space and communications player.
Wall Street pays attention because Rocket Lab is one of the few pure-play alternatives to SpaceX with real government backlog. The gap between the stock and the average target has widened just as the company closes a landmark acquisition and pushes its biggest rocket toward the pad.
Neutron Slip and Dilution Deflated the Rally The primary catalyst was a Stage 1 tank test failure that pushed Neutron’s debut to Q4 2026, with management now saying the year-end launch window is narrowing. That single delay reset the timeline investors had been paying a premium for.
Shares are down 14.11% over the past month and sit roughly 57% below the 52-week high of $151. The S&P 500 was essentially flat over the same month at 0.05%, pointing to company-specific weakness.
Q2 revenue of $234.07 million grew 62% year over year and beat consensus, but GAAP EPS of -0.08 missed expectations after $8.58 million in acquisition-related costs. Add in $1.53 billion raised through an at-the-market equity program in the first half and dilution concerns intensified.
Why Stifel Still Sees a Double Analysts are staying with the story because the backlog drives the thesis. Rocket Lab ended Q2 with a record $2.36 billion backlog, up 137% year over year, and management flagged more than $1 billion in new contracts signed already in Q3.
Stifel’s Erik Rasmussen carries the Street-high target of $150, which implies the stock more than doubles. His bull thesis rests on three pillars: Neutron commercialization expanding Rocket Lab into mega-constellation and defense payloads, an explosion in higher-margin Space Systems revenue, and continued Space Force and SDA wins as a reliable non-SpaceX prime. Treat these targets as one data point among many.
The defense pipeline backs him up. Rocket Lab has already booked the $397 million Flatellite contract for the Space Force SB-AMTI program, the $816 million SDA Tracking Layer Tranche 3 award, and work on the Golden Dome Space Based Interceptor program with Raytheon. The FY2027 Department of War request allocates $71.2 billion to the U.S. Space Force, a growth vector for space primes.
Coverage is heavily positive. Of 18 analysts, 3 rate the stock Strong Buy, 11 Buy, and 4 Hold, with none at Sell. The event everyone is watching is Neutron’s first flight, which management said would flip standalone free cash flow positive within a subsequent 18 to 24 month window.
Space Peers Sold Off in Unison Every peer here is trading well below its consensus target, putting RKLB in line with the group.
AST SpaceMobile (NASDAQ:ASTS) trades near $62.31 against a $79.61 average target, roughly 28% upside. Shares are down 13.39% over the past month after a rough Q2 miss. Coverage skews cautious with 4 Buys, 7 Holds, and 2 Sells, the tamest posture in this group.
Intuitive Machines (NASDAQ:LUNR) sits at $14.81 versus a $29.50 target, roughly 99% implied upside. Seven of nine analysts rate it Buy after the Lanteris acquisition transformed it into a scaled space prime.
Planet Labs (NYSE:PL) trades at $18.12 against a $35.36 target, about 95% upside, and is down 24.28% in the past month despite a Q2 beat. Coverage skews Buy at 7, with 3 Hold and 1 Sell.
BlackSky Technology (NYSE:BKSY) is the group’s worst monthly performer at -29.7%, trading at $20.50 versus a $38.42 target, about 87% upside. All six covering analysts rate it Buy or Hold.
The largest analyst-implied upside sits with LUNR near 99%. Rocket Lab’s roughly 73% to consensus (and 133% to Stifel’s Street-high) puts it mid-pack, but with by far the largest market cap, deepest backlog, and lowest execution binary of the group.
Backlog Doing the Heavy Lifting Rocket Lab currently trades at $64.26 against an average target of $111 from 18 analysts, an implied upside of roughly 72.7%. Stifel’s Street-high of $150 implies the stock more than doubles.
Over the last month RKLB is down 14.11% while the S&P 500 was flat at 0.05%. Year to date, RKLB is off 7.88% versus the S&P 500’s 12.94% gain. On a one-year view the stock is still up 49.48%.
Forward estimates support the trajectory: revenue of $958 million for FY2026 rising to $1.36 billion for FY2027, though both years carry negative average EPS estimates.
Neutron Execution Is the Real Catalyst The bull case tightens if Neutron reaches the pad in Q4 2026 and the first flight succeeds cleanly. That single event unlocks the Iridium acquisition rationale, converts the $2.36 billion backlog faster, and gives the Stifel bull case runway. Add Golden Dome flow and additional SDA tranches, and the path to $111 (let alone $150) becomes credible.
The thesis breaks if the Neutron slip becomes a slip-and-slip. Another tank failure, an integration stumble on Iridium, or continued ATM dilution would break the thesis fast. The stock still trades at more than 50x sales, so patience is not free (riding a story stock at that multiple is workable if you plan the exit, which is the whole point of our free bubble survivor’s handbook).
The setup skews cautiously constructive. The backlog, defense wins, and analyst posture all point up, but Neutron on the pad is the milestone worth waiting for before conviction builds.
Contact [email protected] for any questions or corrections.
Rocket Lab byla po více než 40% poklesu akcií povýšena na býčí doporučení. Ve 2. čtvrtletí firma vykázala rekordní tržby 234,07 mil. USD, meziročně o 62 % více.
SummaryRocket Lab is upgraded to a bullish rating after a 40%+ stock pullback and strengthened fundamentals.The company delivered record Q2 revenue of $234.07M, up 62% YoY. A robust backlog shows demand remains solid.The Iridium acquisition expands RKLB's full-stack space infrastructure strategy and opens new satellite communications opportunities.Valuation has contracted to a forward P/S of 40, creating a favorable risk/reward setup despite near-term Neutron launch delays. J Studios/DigitalVision via Getty Images
Introduction In early June, just before the SpaceX (SPCX) IPO, I provided an update for Rocket Lab Corporation (RKLB). It was shown that they were well positioned with their full-stack space infrastructure solutions and that demand
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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.
Analyst's family has a beneficial long position in the shares of SPCX.
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Rocket Lab uvedl do výroby solární článek IMM Apex s účinností 31,5 % a o 40 % nižší hmotností. Je bez germaniových substrátů a má snížit náklady i problémy v dodavatelském řetězci.
LONG BEACH, Calif., Sept. 08, 2026 (GLOBE NEWSWIRE) -- Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced the production release of Inverted Metamorphic (IMM) Apex, the latest iteration of its next-generation solar cell designed to deliver exceptional efficiency and reliability for space applications. IMM Apex boasts a Beginning of Life solar conversion efficiency of 31.5% and 40% lower cell mass, giving it best-in-class specific power (watts per kilogram) while maintaining excellent radiation hardness and performance over temperature.
IMM Apex is free of the germanium substrates used for conventional, multi-junction solar cells produced for the last three decades. By eliminating reliance on this critical mineral, IMM Apex mitigates rising costs and supply chain constraints currently facing the space power industry.
Crucially, IMM Apex is a mechanical and electrical drop-in replacement for heritage solar cell products on germanium, meaning customers can integrate it into existing systems without major investments to re-tool for new cell technology.
IMM Apex builds on the proven success of Rocket Lab’s IMM cell technology, which powered NASA’s Ingenuity Mars Helicopter during its historic mission and has been powering satellites on orbit for more than a decade.
In addition to being free from germanium supply constraints, optimized manufacturing processes and targeted capital investments have enabled efficient manufacturing in multi-100-kilowatt volumes to meet growing demand.
“Rocket Lab is excited to bring this cutting-edge solar solution to market. IMM Apex delivers exceptional performance while addressing real-world challenges like rising material costs and supply chain constraints,” said Brad Clevenger, President of Rocket Lab USA. “With IMM Apex, customers gain access to a high-efficiency, lightweight, germanium-free product that combines proven reliability with faster production times. IMM Apex is designed to more cost-effectively power the most ambitious missions without compromising performance.”
IMM technology has undergone more than a decade of rigorous testing and qualification, ensuring its readiness for a wide range of customer needs and mission requirements. IMM Apex is available now, with ongoing advancements to support future applications.
IMM Apex adds to Rocket Lab’s long history of delivering reliable, high-efficiency solar solutions for critical missions. The company has provided space-grade solar technology to critical civil, national security and commercial space programs including the James Webb Space Telescope, NASA’s Artemis lunar explorations, and other interplanetary science missions. More than 1,100 satellites on orbit are powered by Rocket Lab solar products.
More information about Rocket Lab’s Space Solar solutions is available here.
About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, and statements regarding our satellite capabilities, manufacturing scale, and constellation support are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f82e86ee-aef3-4cfb-bb0b-118b5ca41bea
Rocket Lab Headquarters Rocket Lab Introduces High-Efficiency Solar Cell to Reduce Reliance on Supply-Constrained Critical M...
Enphase Energy začala v Arlingtonu v Texasu vyrábět moduly pro IQ Solid-State Transformer, což umožní sestavovat a testovat plnohodnotné racky pro datová centra. Akcie firmy vzrostly o 5 % za den a SolarEdge přidal 6 % na 36,34 USD.
A Texas factory just handed Enphase a credible claim on the AI data-center power market, and SolarEdge surged even harder despite announcing nothing at all.
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Solar names caught a midday bid on a manufacturing milestone tied to AI data-center power infrastructure. Enphase Energy (NASDAQ:ENPH | ENPH Price Prediction) said power modules for its IQ Solid-State Transformer, or IQ SST, are now being built at its Arlington, Texas facility, enabling full-scale racks to be assembled and validated for prospective data-center customers. SolarEdge Technologies (NASDAQ:SEDG) stock rallied in sympathy, boosted by its own SST platform aimed at the same AI-factory opportunity.
The Invesco Solar ETF (NYSEARCA:TAN) is up 3% on the session. Meanwhile, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.42%, framing solar as a clear day-of outperformer against a softer broad-market tape.
Enphase stock is up 5% to $38.31, extending its year-to-date gain to 20%. At the same time, SolarEdge stock is climbing 6% to $36.34, an outsized reaction given that the company hasn’t announced any news of its own today.
Texas Line Puts a Face on the AI-Power Pitch Each IQ SST power module is rated at 4 kW, and hundreds combine into a rack with capacity up to 5 MW. The design converts medium-voltage AC (13.8 kV or 34.5 kV) directly to 800-volt DC, with sub-millisecond response to the sharp load swings AI training and inference workloads generate, reducing the need for battery buffering next to every compute rack.
Co-founder and chief product officer Raghu Belur explained that hundreds of modules together make a multi-megawatt rack, and Enphase scales by repeating the same compact module rather than building larger power-conversion systems. The modules share their form factor and production process with the company’s microinverters, which makes the Texas milestone credible rather than a paper design.
Enphase’s management flagged customer engagement across hyperscalers, neoclouds, colocation providers, EPCs, and server providers, with opportunities at the RFI and RFP stages representing potential demand totaling multiple gigawatts. Full-system demonstrations remain on track for later this year, with customer pilots beginning in 2027 and commercial shipments in 2028.
SolarEdge Runs a Parallel Playbook SolarEdge’s own SST platform targets the same AI-factory build-out, and CEO Shuki Nir has framed the effort as addressing “the significant opportunity in AI factories.” On the company’s August 5 earnings call, SolarEdge said prospective customer engineering teams viewed a working prototype convert medium-voltage AC to a regulated 800-volt DC bus at 99% efficiency across a range of power levels.
SolarEdge’s roadmap points to a working lab system by the end of 2026, pilot installations in 2027, and volume shipments in 2028, mirroring Enphase’s commercialization schedule. Both names remain pre-revenue on the data-center side, and SolarEdge’s investor day on September 10, 2026 sits two days out as its next scheduled disclosure moment.
Solar Scorecard First Solar (NASDAQ:FSLR), the largest U.S. solar manufacturer, sits outside the SST story, though its 45.1-gigawatt contracted backlog through 2030 keeps it central to any broader rotation into domestic solar. First Solar stock is down 19% year to date, entering today’s sector move from a much weaker anchor than its two rallying sector peers.
The Invesco Solar ETF’s 3% session gain lags both SST-linked names by a wide margin, suggesting today’s bid is concentrated in the two companies with an explicit AI-data-center power narrative. That divergence underscores how selective the tape has been within the solar complex.
Ticker Session Move Year to Date ENPH +5% +20% SEDG +6% +27% FSLR +4% -19% TAN +3% -1% SPY -0.4% +12.5% What to Watch The AI-power thesis in solar names now has a factory address. A signed contract with a data-center operator remains ahead, and Enphase’s next tangible catalyst is a full-system IQ SST demonstration targeted for November, followed by customer pilots in 2027 and commercial shipments in 2028. SolarEdge’s Thursday investor day could validate today’s sympathy bid with firmer numbers around its data-center opportunity.
The bulls can argue that Enphase’s Texas line proves a residential-solar manufacturer can credibly extend into medium-voltage data-center gear using its existing production base. The bears could counter that SolarEdge outran Enphase today on no company-specific news, suggesting part of the move is a sector-wide bid that could fade if AI-power sentiment cools.
Investors sizing their exposure should treat both names as speculative AI-adjacent positions rather than solar-industrial staples, keeping their allocations modest ahead of SolarEdge’s investor day and Enphase’s late-year system demonstration. Position sizing matters more than usual given the pre-revenue status of both SST platforms.
Contact [email protected] for any questions or corrections.
Williams je podle článku stabilnější energetická sázka než Occidental Petroleum, protože jeho potrubní byznys je méně citlivý na cenu ropy. Firma navíc těží z AI a datových center.
Occidental Petroleum (OXY +1.02%), the oil and gas giant more commonly known as Oxy, has been a major beneficiary of soaring oil prices this year. Oxy generates most of its revenue from its upstream exploration, drilling, and extraction business. When oil prices rise, Oxy and other upstream companies can grow their revenues much faster than their operating expenses.
To support its current capex and dividends, Oxy only needs WTI crude oil -- currently at $93 per barrel -- to remain above its $40-per-barrel breakeven price. Its free cash flow (FCF) also increases significantly as long as WTI stays above $60 per barrel. That's why Oxy's stock has rallied nearly 50% this year and beaten the S&P 500's (^GSPC -0.58%) 12% gain.
Image source: Getty Images.
Oxy might still seem like an attractive investment as the Iran war drags on and oil prices remain high. But as September (historically the worst month for stocks) starts, I'd rather own a steady midstream pipeline stock as my main energy play instead of Oxy's oil-driven shares. That stock is The Williams Companies (WMB +2.27%), which accounts for about 3.2% of my portfolio.
Why are midstream companies more reliable than upstream ones? Midstream companies build pipelines that transport crude oil, natural gas, and other resources. They charge upstream and downstream companies tolls to use that infrastructure. They're well-insulated from volatile commodity prices, since they only need the oil and gas to keep flowing through their pipelines to generate stable profits and cash flows.
Midstream companies still benefit from rising oil and gas prices, which drive higher volumes through their pipelines. But they struggle less than upstream companies when those prices decline, and they usually return most of their cash to their investors through dividends. That makes midstream stocks a great choice for conservative income investors.
Why is Williams superior to other midstream companies? Many midstream companies are structured as master limited partnerships (MLPs), which blend a return of capital with their distributions to pay more tax-efficient yields. However, investors who hold shares in MLPs must file separate K-1 forms with their taxes every year. Williams operates as a conventional C corporation, so its dividends are reported on the standard 1099-DIV form.
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Williams pays a forward dividend yield of 2.8%, which is higher than Oxy's 1.9% but significantly lower than the yields of many other midstream companies. However, Williams is also growing faster than many of its industry peers because it's more exposed to the cloud and AI markets.
Unlike many other midstream companies, which deliver a mix of crude oil, natural gas, and other resources, Williams primarily delivers natural gas. It transports approximately 30% of the country's natural gas through its Transco pipelines between Texas and the Eastern Seaboard. That natural gas "superhighway" powers nearly half of our domestic data centers.
It's also building "behind-the-meter" (BTM) systems at data centers to provide hyperscalers with a steady supply of natural gas that bypasses utility company bottlenecks. Setting up a grid-based natural gas connection can take four to seven years, while Williams can deploy a BTM system in just 18 to 24 months. Those advantages make Williams more of an AI infrastructure play than many other midstream companies.
Why is Williams a safe stock to buy in September? September is typically a bad month for stocks because institutional investors rebalance their portfolios by pruning their winners and losers. That selling pressure can drive retail investors toward more conservative investments like Williams.
Williams' stock has already risen 25% year to date, but it still trades at less than 13 times next year's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Analysts expect its adjusted EBITDA to grow at a 7% CAGR from 2025 to 2028.
Its available funds from operations (AFFO) rose 17% year over year to $3.2 billion in the first half of 2026, easily covering its dividends with a 2.5x ratio. Therefore, it still has plenty of room to increase its dividend, which it has already raised annually for the past nine consecutive years. So if you want a cheap stock with a decent dividend, plenty of exposure to the AI boom, and can resist a downturn in oil prices, Williams checks all the right boxes.
Williams umístila veřejnou nabídku seniorních nezajištěných dluhopisů za 2,75 miliardy USD, konkrétně 500 milionů USD splatných v roce 2029, 1,0 miliardy USD splatných v roce 2033, 750 milionů USD splatných v roce 2036 a 500 milionů USD splatných v roce 2056. Čistý výnos použije na splacení komerčního papíru a další firemní účely včetně kapitálových výdajů.
Williams (NYSE: WMB) announced today that it has priced a public offering of $500 million of its 5.000% Senior Notes due 2029 at a price of 99.931 percent of par, $1.0 billion of its 5.600% Senior Notes due 2033 at a price of 99.999 percent of par, $750 million of its 5.800% Senior Notes due 2036 at a price of 99.819 percent of par, and $500 million of its 6.400% Senior Notes due 2056 at a price of 99.800 percent of par. The expected settlement date for the offering is September 10, 2026, subject to the satisfaction of customary closing conditions.
Williams intends to use the net proceeds of the offering to repay its outstanding commercial paper and for other general corporate purposes, including funding capital expenditures.
Citigroup Global Markets Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. are acting as joint book-running managers for the offering.
This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
An automatic shelf registration statement relating to the notes was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective upon filing. Before you invest, you should read the prospectus in the registration statement and other documents Williams has filed with the SEC for more complete information about Williams and the offering. A copy of the prospectus supplement and prospectus relating to the offering may be obtained on the SEC website at www.sec.gov or from any of the underwriters by contacting:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 1-800 831-9146
E-mail: [email protected]
c/o Mizuho Securities USA LLC
1271 Avenue of the Americas
New York, New York 10020
Attn: Debt Capital Markets
Telephone: 1-866-271-7403
c/o Morgan Stanley & Co. LLC
1585 Broadway
New York, New York 10036
Attn: Investment Banking Division
Telephone: 1-866-718-1649
SMBC Nikko Securities America, Inc.
277 Park Avenue, 5th Floor
New York, New York 10172
Attention: Debt Capital Markets
Email: [email protected]
About Williams
Williams (NYSE: WMB) is a trusted energy industry leader committed to safely, reliably, and responsibly meeting growing energy demand. We use our infrastructure to deliver one third of the nation’s natural gas to where it's needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For over a century, we’ve been driven by a passion for doing things the right way. Today, our team of problem solvers is leading the charge into the clean energy future.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although Williams believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260908682835/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Hunter Biden uvedl, že 20 % nabídky LAPTOP půjde komunitě, včetně investorů, kteří prodělali na TRUMP. Zbývajících 30 % bude řízeno programovaným mechanismem s pálením nebo darováním na charitu.
Hunter Biden, kendi meme coin projesi LAPTOP token için planını kamuoyuyla paylaştı. Base ağında işlem görmeye başlaması planlanan token için arzın yüzde 20’sinin topluluğa dağıtılacağı açıklandı. Dağıtım kapsamında Official Trump (TRUMP) tokenında para kaybeden yatırımcıların da yer alacağı belirtiliyor.
Biden’ın açıklaması, projenin token ekonomisine ilişkin şimdiye kadarki en ayrıntılı kamuya açık bilgiler arasında yer alıyor. Projenin merkezinde ise yıllardır siyasi tartışmaların odağında bulunan Delaware’deki bir tamirhaneye bırakılan dizüstü bilgisayar bulunuyor.
LAPTOP Token Topluluğa Ne Vaat Ediyor? Hunter Biden, projeyi söz konusu bilgisayar üzerinden şekillendiriyor. Delaware’deki bir tamirhanede bırakılan cihazın içeriği, yıllar boyunca Biden hakkındaki siyasi tartışmalarda kullanıldı. Biden ise kendisini yedi yıldır ayık olarak tanımlayarak bilgisayarı kişisel toparlanma sürecinin sembolü olarak konumlandırıyor.
X üzerinden yaptığı açıklamada token arzının yüzde 20’sinin topluluk için ayrılacağını duyurdu. Bu grubun içinde TRUMP tokenından zarar eden yatırımcıların da bulunması planlanıyor.
Biden’ın iddiasına göre yaklaşık 1 milyon cüzdan TRUMP projesinde toplam 3,8 milyar dolar civarında kayıp yaşadı. Ancak Biden, LAPTOP tokenını satın alan kişilerin bu varlığın değer kazanması için kendisinden veya başka bir kişiden destek beklememesi gerektiğini özellikle vurguladı.
Token Arzının Yüzde 30’u Nasıl Kullanılacak? Projenin kalan arzının önemli bir bölümü önceden belirlenmiş koşullara bağlanıyor. Biden, yüzde 30’luk kısmın programlanmış bir mekanizma tarafından yönetileceğini açıkladı.
Bu mekanizma belirli gelişmeler gerçekleştiğinde tokenları yakacak. Şartlar gerçekleşmediğinde ise söz konusu tokenlar hayır kurumlarına aktarılacak. Böylece arzın kullanımına ilişkin koşullar önceden belirlenmiş olacak.
Açıklanan kriterler arasında 2028 seçimlerinde Demokratların kazanması, Bitcoin’in yeni bir tüm zamanların en yüksek seviyesine ulaşması ve LAPTOP’ın piyasa değerinde TRUMP’ı geride bırakması bulunuyor. Bunun yanında 50 milyon token, koşullardan bağımsız olarak hayır kurumlarına gönderilecek.
LAPTOP İçin Rug Pull Riski Var Mı? Proje daha piyasaya çıkmadan tartışmaları da beraberinde getirdi. Ekonomist Peter Schiff daha önce başkanlık meme coinlerini “yasal rüşvet” olarak nitelendirmiş ve bu tokenları satın alan kişilerin büyük bölümünün zarar ettiğini savunmuştu.
Hunter Biden’ın paylaşımının ardından X’teki bazı kullanıcılar da projeye sert tepki gösterdi. Bazı hesaplar Biden’ı daha önce eleştirdiği uygulamaları tekrarlamakla suçlarken, bir kullanıcı olası bir rug pull ihtimaline karşı paylaşımın kaydedilmesini önerdi.
Biden ise eleştirilere, Trump, Melania, Kanye, Lil Pump ve Andrew Tate’in meme coinlerinden kaynaklanan travmaya gönderme yaparak yanıt verdi.
Sahte LAPTOP Tokenları Neden Çoğaldı? Projenin en kritik sorunlarından biri resmi sözleşme adresinin henüz açıklanmamış olması. Biden veya ekibi basın saatine kadar LAPTOP için doğrulanmış bir kontrat adresi yayımlamadığı için traderlar farklı ağlardaki aynı isimli tokenlara yöneldi.
GeckoTerminal verilerine göre BNB Chain üzerinde “Hunter Biden’s Laptop” adını kullanan bir işlem çifti yaklaşık 10 saat içinde yüzde 81.000’in üzerinde yükseldi ve 20,29 milyon dolarlık değerlemeye ulaştı. Base üzerindeki başka bir çift ise 3,31 milyar dolarlık piyasa değerine ulaşırken günlük işlem hacmi yalnızca yaklaşık 1.121 dolar seviyesinde kaldı.
Bu tokenların hiçbirinin resmi olduğu doğrulanmış değil. Bu nedenle kripto borsası veya farklı bir platform üzerinden LAPTOP adıyla işlem gören varlıkların kontrat adresi doğrulanmadan satın alınması ciddi risk taşıyor. Resmi adres açıklanana kadar yatırımcıların özellikle sahte token ve likidite riskini dikkate alması gerekiyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
In the latest trading session, Western Union (WU - Free Report) closed at $7.00, marking a -2.51% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.58%. Meanwhile, the Dow lost 1.18%, and the Nasdaq, a tech-heavy index, lost 0.32%.
The money transfer company's stock has climbed by 2.13% in the past month, exceeding the Business Services sector's loss of 1.01% and the S&P 500's loss of 0.36%.
Investors will be eagerly watching for the performance of Western Union in its upcoming earnings disclosure. In that report, analysts expect Western Union to post earnings of $0.35 per share. This would mark a year-over-year decline of 25.53%. Our most recent consensus estimate is calling for quarterly revenue of $1.05 billion, up 1.6% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.29 per share and revenue of $4.13 billion. These totals would mark changes of -26.29% and +2.04%, respectively, from last year.
Any recent changes to analyst estimates for Western Union should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.01% decrease. Western Union presently features a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Western Union is currently exchanging hands at a Forward P/E ratio of 5.56. This expresses a discount compared to the average Forward P/E of 13.56 of its industry.
The Financial Transaction Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 184, positioning it in the bottom 26% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
ATHENS, Greece, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: DLNG) (the “Partnership”), an owner of liquefied natural gas (“LNG”) carriers, today announced its results for the three and six months ended June 30, 2026.
Half year Highlights:
Net Income and Earnings per common unit (basic and diluted) of $33.4 million and $0.82, respectively;Adjusted Net Income(1) of $28.2 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.68;Adjusted EBITDA(1) of $51.9 million; and95.7% fleet utilization(2). Quarter Highlights:
Net Income and Earnings per common unit (basic and diluted) of $16.0 million and $0.39, respectively;Adjusted Net Income(1) of $15.8 million and Adjusted Earnings per common unit(1) (basic and diluted) of $0.39;Adjusted EBITDA(1) of $27.6 million;96.2% fleet utilization(2);The Clean Energy was delivered under its new time charter party agreement with Rio Grande LNG, LLC (“Rio Grande”) in April 2026;Declared and paid a cash distribution of $0.5625 per unit on the Partnership’s Series A Preferred Units (NYSE: DLNG PR A) for the period from February 12, 2026 to May 11, 2026; andDeclared a quarterly cash distribution of $0.050 per common unit for the quarter ended March 31, 2026, which was paid on May 22, 2026, to all common unitholders of record as of May 18, 2026.
(1) Adjusted Net Income, Adjusted Earnings per common unit and Adjusted EBITDA are not recognized measures under U.S. GAAP. Please refer to Appendix B of this press release for the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP and other related information.
(2) Please refer to Appendix B for additional information on how the Partnership calculates fleet utilization.
Recent Events:
Declared a quarterly cash distribution of $0.5625 per unit on the Partnership’s Series A Preferred Units for the period from May 12, 2026 to August 11, 2026, which was paid on August 12, 2026 to all Series A Preferred unitholders of record as of August 5, 2026; andDeclared a quarterly cash distribution of $0.050 per common unit for the quarter ended June 30, 2026, which was paid on August 28, 2026 to all common unitholders of record as of August 24, 2026. CEO Commentary:
“The Partnership delivered a solid second quarter, reporting Net Income of $16.0 million, Adjusted Net Income of $15.8 million and Adjusted EBITDA of $27.6 million, on fleet utilization of 96.2%. Our results reflect the commencement in April of the Clean Energy's new time charter with Rio Grande at an improved rate, and a lower cost of debt following continued deleveraging, with net interest and finance costs down 26.9% year on year.
The Partnership's contract coverage continues to deliver predictable cash generation. As of the date of this release, our estimated contracted revenue backlog stands at $0.73 billion with an average remaining contract term of 4.4 years, and we have contracted time charter coverage of 100%, 100% and 65% of estimated Available Days for 2026, 2027 and 2028, respectively. That backlog, together with our existing cash, gives us the financial flexibility to continue amortizing our debt while returning capital to our common and preferred unitholders.
On the regulatory front, the E.U.'s 21st sanctions package, adopted on July 23, 2026, provides an exemption of the Russian LNG ban to transfers destined for third countries under legacy long-term contracts concluded before February 24, 2022. We believe the transportation of LNG under our two charters with Yamal Trade Pte. Ltd. to destinations outside the E.U. falls within this exemption and, accordingly, outside the scope of the EU LNG ban.
For a fuller description of both the E.U. and U.K. measures and their potential impact on us, please refer to the section of this press release entitled 'Russian Sanctions Developments'.”
Financial Results Overview:
Three Months EndedSix Months Ended(U.S. dollars in thousands, except per unit data) June 30, 2026
(unaudited) June 30, 2025
(unaudited) June 30, 2026
(unaudited) June 30, 2025
(unaudited)Voyage revenues$41,188$38,613$81,126$77,720Net Income$15,957$13,709$33,383$27,279Adjusted Net Income (1)$15,811$14,463$28,190$28,779Operating income$19,819$19,176$36,329$37,721Adjusted EBITDA (1)$27,642$27,687$51,901$54,775Earnings per common unit$0.39$0.23$0.82$0.52Adjusted Earnings per common unit (1)$0.39$0.25$0.68$0.56 (1) Adjusted Net Income, Adjusted EBITDA and Adjusted Earnings per common unit are not recognized measures under U.S. GAAP. Please refer to Appendix B of this press release for the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP and other related information.
Three Months Ended June 30, 2026 and 2025 Financial Results
Net Income for the three months ended June 30, 2026 was $16.0 million as compared to $13.7 million for the corresponding period in 2025, which represents an increase of $2.3 million, or 16.8%. The increase in Net Income for the three months ended June 30, 2026 compared to the corresponding quarter of 2025 was mainly attributable to: (a) the increase in Voyage revenues, (b) the decrease in Net Interest and finance costs, and (c) the Other operating revenues from related party which relate to the monetization of FuelEU compliance surplus realized in April 2026 pursuant to the transfer of the FuelEU compliance surplus generated by the Arctic Aurora through a pooling agreement (the "Pooling Agreement"). The Pooling Agreement was entered into by the Partnership and other vessel-owning companies who share common ultimate beneficial ownership with the Partnership’s sponsor, Dynagas Holding Ltd. The above increase was partially offset by the increase in Voyage expenses and Vessel operating expenses.
Adjusted Net Income (a non-GAAP financial measure) for the three months ended June 30, 2026 was $15.8 million, compared to $14.5 million for the corresponding period in 2025, which represents a net increase of $1.3 million, or 9%. This increase was mainly attributable to (a) the increase in cash revenues as explained below and (b) the increase in Other operating revenues as explained above, which was partially offset by (i) the lower time charter rate earned by the Arctic Aurora compared to the corresponding period in 2025 and (ii) the decrease in Net Interest and finance costs. The above increase in adjusted net income was partially counterbalanced by the increase in both Voyage expenses and Vessel operating expenses.
Voyage revenues for the three months ended June 30, 2026 were $41.2 million, compared to $38.6 million for the corresponding period in 2025, which represents a net increase of $2.6 million, or 6.7%. This increase was mainly attributable to: (a) the higher time charter rate earned by the Clean Energy under its new charter party with Rio Grande that commenced on April 30, 2026 and was partially offset by a period of 20.5 days off-hire incurred which underwent unscheduled maintenance between the vessel’s re-delivery by SEFE and its delivery to Rio Grande, (b) the increase in variable hire revenues earned under the OPEX pass-through time charters following an increase in Vessel operating expenses as explained below, and (c) the increase of the value of the EU ETS emissions allowances (“EUAs”) due to the Partnership by the charterers of its vessels as a result of the increase in the EU requirement for surrendering allowances for 100% of their verified emissions in 2026 against 70% in 2025, increased market prices and increased voyages to EU ports (the corresponding value of the abovementioned EUAs, which the Partnership is obliged to surrender to the EU authorities, is included within Voyage expenses, therefore the net effect of the EUAs to the Operating Income and Net Income is zero).
The Partnership reported average daily hire gross of commissions(3) of approximately $71,810 per day per vessel for the three-month period ended June 30, 2026, compared to approximately $70,730 per day per vessel for the corresponding period in 2025. The Partnership’s vessels operated at 96.2% and 99.4% fleet utilization during the three-month periods ended June 30, 2026 and 2025, respectively.
Vessel operating expenses were $8.9 million, which corresponds to a daily rate per vessel of $16,322 for the three-month period ended June 30, 2026, compared to $7.7 million, or a daily rate per vessel of $14,189, in the corresponding period in 2025. This increase was mainly attributable to increased crew expenses and increased scheduled engine maintenance costs. As mentioned above, a substantial part of the increase in Vessel operating expenses is counter-balanced by the corresponding increase in variable hire revenues earned on the Partnership’s vessels operating under OPEX pass-through time charters.
Adjusted EBITDA (a non-GAAP financial measure) for the three months ended June 30, 2026 was $27.6 million, compared to $27.7 million for the corresponding period in 2025. The decrease of $0.1 million, or 0.4%, was mainly attributable to the above-mentioned increase in Voyage expenses and Vessel operating expenses, which was partially offset by the increase in cash voyage revenues.
Net Interest and finance costs were $3.8 million in the three months ended June 30, 2026, compared to $5.2 million in the corresponding period in 2025, which represents a decrease of $1.4 million, or 26.9%, due to the reduction in interest-bearing debt and the decrease in market interest rates resulting in a weighted average interest rate from 6.49% in the three months ended June 30, 2025 to 5.90% in the three months ended June 30, 2026.
For the three months ended June 30, 2026, the Partnership reported both basic and diluted Earnings per common unit and Adjusted Earnings per common unit (a non-GAAP financial measure), of $0.39, after taking into account the distributions relating to the Series A Preferred Units on the Partnership’s Net Income/Adjusted Net Income. Earnings per common unit and Adjusted Earnings per common unit, basic and diluted, were calculated on the basis of a weighted average number of 36,382,011 common units outstanding during the period and in the case of Adjusted Earnings per common unit, after reflecting the impact of certain adjustments presented in Appendix B of this press release.
Adjusted Net Income, Adjusted EBITDA, and Adjusted Earnings per common unit are not recognized measures under U.S. GAAP. Please refer to Appendix B of this press release for the definitions and reconciliation of these measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.
Amounts relating to variations in period-on-period comparisons shown in this section are derived from the condensed financial statements presented in Annex A hereto.
(3) Average daily hire gross of commissions is a non-GAAP financial measure and represents voyage revenue excluding the non-cash time charter deferred revenue amortization, as well as the revenues attributable to the value of the EUAs to be provided to the Partnership pursuant to the terms of its agreements with the charterers, divided by the Available Days in the Partnership’s fleet as described in Appendix B.
Liquidity/ Financing/ Cash Flow Coverage
During the three months ended June 30, 2026, the Partnership generated net cash from operating activities of $21.0 million, compared to $24.3 million in the corresponding period in 2025, which represents a decrease of $3.3 million, or 13.6%, mainly as a result of working capital changes.
As of June 30, 2026, the Partnership reported total cash of $59.5 million. The Partnership’s outstanding financial liabilities as of June 30, 2026, under the Sale and Leaseback Agreements between the vessel owning companies of the Clean Energy, the OB River, the Amur River and the Arctic Aurora and China Development Bank Financial Leasing Co. Ltd. amounted to $36.5 million, $48.4 million, $49.7 million and $122.0 million, respectively, gross of unamortized deferred loan fees. The financial liabilities under the Sale and Leaseback Agreements are repayable within approximately three years for the Clean Energy, the OB River and the Amur River and within eight years for the Arctic Aurora.
Vessel Employment
As of September 8, 2026, the Partnership had estimated contracted time charter coverage(4) for 100%, 100% and 65% of its fleet estimated Available Days (as defined in Appendix B) for each of 2026, 2027 and 2028, respectively.
As of the same date, the Partnership’s estimated contracted revenue backlog (5) (6) was $0.73 billion, with an average remaining contract term of 4.4 years.
(4) Time charter coverage for the Partnership’s fleet is calculated by dividing the fleet contracted days on the basis of the earliest estimated delivery and redelivery dates prescribed in the Partnership’s current time charter contracts, net of scheduled class survey repairs, by the number of expected Available Days during that period.
(5) The Partnership calculates its estimated contracted revenue backlog by multiplying the contractual daily hire rate by the expected number of days committed under the contracts (assuming earliest delivery and redelivery and excluding options to extend), assuming full utilization. The actual amount of revenues earned and the actual periods during which revenues are earned may differ from the amounts and periods disclosed due to, for example, the early termination or temporary suspension of charters, dry-docking and/or special survey downtime, maintenance projects, off-hire downtime and other factors that result in lower revenues than the Partnership’s estimated contract revenue backlog.
(6) $0.09 billion of the estimated contracted revenue backlog relates to the estimated portion of the hire contained in certain time charter contracts with Yamal Trade Pte. Ltd., which represents the operating expenses of the respective vessels and is subject to yearly adjustments on the basis of the actual operating costs incurred within each year. The actual amount of revenues earned in respect of such variable hire rate may therefore differ from the amounts included in the estimated contracted revenue backlog due to the yearly variations in the respective vessel’s operating costs.
Russian Sanctions Developments
Due to the ongoing Russian war with Ukraine, the United States (“U.S.”), the European Union (“E.U.”), the United Kingdom (the “U.K.”) and other countries and organizations have publicly announced and enacted extensive sanctions against Russia to impose severe economic pressure on the Russian economy and government.
On October 23, 2025, the E.U. adopted the 19th package of sanctions (the “19th Package”), which prohibits the purchase, import or transfer, directly or indirectly, by E.U. persons and non-E.U. persons with an E.U.-nexus, of LNG that originates in Russia or is exported from Russia (the “LNG Prohibition”). The LNG Prohibition applies from January 1, 2027 with respect to supply contracts with a duration exceeding one year (“Long Term Contracts”) that were executed before June 17, 2025 and that have not since been amended, other than by amendments falling within specified categories.
On July 23, 2026, the E.U. amended the 19th Package with the adoption of the 21st package of sanctions (the “21st Package”). The 21st Package introduced an exemption to the LNG Prohibition, initially until July 25, 2027, and thereafter for successive periods of one year, unless the Council of the E.U. (the “E.U. Council”), following an annual review, decides otherwise. The exemption applies to transfers of LNG destined for third countries, pursuant to Long Term Contracts that were executed before February 24, 2022 and that have not since been amended, other than by amendments falling within specified categories, provided that, the volume of LNG transferred each year under the relevant contract does not exceed the yearly volume of LNG transferred in 2025 under such contract (the “Legacy Contract Derogation”).
Separately, on May 20, 2026, the U.K. enacted the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2026, which prohibit U.K. persons from providing or facilitating maritime transportation services for Russian-origin LNG, including carriage to third countries, subject to limited exceptions and licensing arrangements. The U.K. prohibition will apply beginning January 1, 2027 with respect to certain Long-Term Contracts that were executed before June 17, 2025 and that have not since been amended, other than by amendments falling within specified categories.
One of our charterers, Yamal Trade Pte. Ltd. (the “Charterer”), employs two of our vessels, the Yenisei River and Lena River, on existing Long Term Contracts that extend to 2033 and 2034, respectively (the “Yamal Charters”). These vessels, since commencement of the Yamal Charters, have been engaged in the transportation of LNG produced in Russia for discharge at destinations worldwide in compliance with applicable sanctions regulations.
We believe that the transportation of LNG under the Yamal Charters to destinations outside the E.U. currently falls within the Legacy Contract Derogation and, accordingly, are outside the scope of the LNG Prohibition. However, there can be no assurance that our interpretation of the Legacy Contract Derogation is correct, or that regulatory authorities or our counterparties will agree with our interpretation. Furthermore, there can be no assurance that the transportation of LNG under the Yamal Charters will continue to meet the requirements of the Legacy Contract Derogation, including with respect to the yearly volume limitation, or that the E.U. Council will not decide, following an annual review, to shorten or terminate the Legacy Contract Derogation, or that sanctions regulations will not be further implemented, amended, or expanded to restrict the transportation of Russian-origin LNG. These risks are outside of our control, and if one or more of these events were to occur, our vessels would be restricted from transporting LNG originating in or exported from Russia, which would affect the Charterer’s ability to continue employing the vessels in the manner currently conducted. Notwithstanding the foregoing, we believe the Yamal Charters would remain enforceable, however, the Charterer may not agree with our interpretation, which could result in disputes, non-performance, litigation or early termination of the Yamal Charters, among other things. In addition, sanctions may be extended, amended or interpreted in ways that require the early termination of the Yamal Charters, or give rise to rights of the Charterer, including the purchase option exercisable on a sanctions event described in our interim financial statements.
Furthermore, as a result of the U.K. regulations described above, we expect that we will be required to replace certain key service providers currently based in the U.K., with providers established outside the U.K. There can be no assurance that replacement services will be available on comparable terms, or at all. Any inability to obtain such services, or delay in obtaining them, could disrupt the operation of the affected vessels, result in additional costs or periods of off-hire or affect our ability to perform our obligations under the Yamal Charters or to comply with covenants in our debt agreements.
Our fleet consists of only six LNG carriers and we derive all of our revenues from a limited number of charterers. For the six-month period ended June 30, 2026, the Charterer accounted for 34.5% of our total revenues. The loss of revenue under either or both of the Yamal Charters would have a material adverse effect on our business, results of operations, financial condition and ability to make distributions to our unitholders, and could result in an event of default under our debt agreements.
Other than as described above in relation to the U.K. regulations, applicable U.S., U.K. and E.U. sanctions regimes that are in effect as of today’s date do not materially affect our business, operations or financial condition and, to our knowledge, our counterparties are currently performing their obligations under their respective time charters in compliance with such sanctions regulations. We closely monitor the applicability of sanctions regulations on us and our counterparties, and the potential impact of economic sanctions on our existing commercial arrangements, including the Yamal Charters. The full impact of the commercial and economic consequences of the Russian war with Ukraine is uncertain at this time. The E.U. and U.K. sanctions regulations described above or any further development in sanctions, or escalation of the Ukraine war and other geopolitical events and conflicts more generally may have a material adverse impact on our business, financial condition, results of operations, our ability to make distributions to unitholders or our ability to comply with the covenants in our debt agreements. Sanctions have been expanded over time and may continue to evolve and could ultimately restrict or prevent the performance of certain contractual obligations under our charters.
Please see the section of this press release entitled “Forward Looking Statements”. Please also see the risk factors we describe in our Annual Report on Form 20-F for the year ended December 31, 2025, including without limitation, the risk factors entitled “We currently derive all our revenue and cash flow from a limited number of charterers and the loss of any of these charterers could cause us to suffer losses or otherwise adversely affect our business,” “Any charter termination would likely have a material adverse effect on our business, financial condition, results of operations and cash flows,” “If our vessels call on ports located in countries or territories that are the subject of sanctions or embargoes imposed by the United States government or other governmental authorities, it could result in the imposition of monetary fines or penalties and adversely affect our reputation and the market for our securities” and “We may be subject to litigation that could have an adverse effect on us.”
Slide Presentation:
The slide presentation on the second quarter ended June 30, 2026 financial results will be available in PDF format, accessible on the Partnership’s website www.dynagaspartners.com.
About Dynagas LNG Partners LP
Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership that owns liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with an aggregate carrying capacity of approximately 914,000 cubic meters.
Visit the Partnership’s website at www.dynagaspartners.com. The Partnership’s website and its contents are not incorporated into and do not form a part of this release.
Investor Relations / Financial Media:
Nicolas Bornozis
Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661-7566
E-mail: [email protected]
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “plan,” “potential,” “project,” “will,” “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements. These forward-looking statements are not intended to give any assurance as to future results and should not be relied upon.
The forward-looking statements in this press release are based upon various assumptions and estimates, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed, expressed or implied, in the forward-looking statements include, but are not limited to, the strength of world economies and currency fluctuations, general market conditions, including fluctuations in charter rates, ownership days, and vessel values, changes in supply of and demand for liquefied natural gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, the early termination of Partnership’s charters and the Partnership’s inability to replace assets and/or long-term contracts, the availability of financing and refinancing, changes in governmental laws, rules and regulations or actions taken by regulatory authorities, economic, regulatory, political and governmental conditions that affect the shipping and the LNG industry, potential liability from pending or future litigation, and potential costs due to environmental damage and vessel collisions, general domestic and international political conditions, potential disruption of shipping routes due to accidents, political events, or international hostilities, geopolitical events including ongoing conflicts and hostilities in the Middle East and other regions throughout the world and the global response to such conflicts and hostilities, changes in tariffs, trade barriers, and embargos, including uncertainty regarding the scope, legitimacy, and durability of existing and future tariff measures by the U.S. and the effects of retaliatory tariffs and countermeasures from affected countries, vessel breakdowns, instances of off-hires, the length and severity of epidemics and pandemics, the impact of public health threats and outbreaks of other highly communicable diseases, the amount of cash available for distribution, and other important factors, including those the Partnership describes from time to time in the reports it files with the U.S. Securities and Exchange Commission (the “SEC”). Due to the ongoing war between Russia and Ukraine, the United States, the United Kingdom, the European Union, and other countries and organizations have announced and enacted numerous sanctions against Russia to impose severe economic pressure on the Russian economy and government. The full impact of the commercial and economic consequences of the Russian war with Ukraine is uncertain at this time. For further information, please see “Russian Sanctions Developments” herein. Partnership cannot provide any assurance that current applicable sanctions, any further development in sanctions, or escalation of the Ukraine war and other geopolitical events and conflicts more generally, will not have a significant impact on its business, financial condition, results of operations, or ability to make distributions to unitholders.
Please see the Partnership’s filings with the SEC for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof.
The Partnership undertakes no obligation, and specifically declines any obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable laws. New factors emerge from time to time, and it is not possible for the Partnership to predict all of these factors which may adversely affect its results. Further, the Partnership cannot assess the effect of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. If one of more forward-looking statements are updated, no inference should be drawn that additional updates will be made with respect to those or other forward-looking statements
APPENDIX A
DYNAGAS LNG PARTNERS LP
Condensed Consolidated Statements of Income
(In thousands of U.S. dollars except units and per unit data) Three Months Ended
June 30, Six Months Ended
June 30, 2026
(unaudited) 2025
(unaudited) 2026
(unaudited) 2025
(unaudited)REVENUES Voyage revenues$41,188 $38,613 $81,126 $77,720 Other operating revenues from related party 573 — 573 — EXPENSES Voyage expenses (including related party) (2,889) (1,549) (5,980) (3,289) Vessel operating expenses (8,912) (7,747) (19,089) (16,478) General and administrative expenses (including related party) (407) (457) (939) (971) Management fees -related party (1,740) (1,690) (3,462) (3,361) Depreciation (7,994) (7,994) (15,900) (15,900) Operating income 19,819 19,176 36,329 37,721 Interest and finance costs, net (3,837) (5,230) (7,811) (10,096) Other, net (25) (237) (28) (346) Other income — — 4,893 — Net income$15,957 $13,709 $33,383 $27,279 Earnings per common unit
(basic and diluted)$0.39 $0.23 $0.82 $0.52 Weighted average number of units outstanding, basic and diluted: Common units 36,382,011 36,552,642 36,382,011 36,644,628 DYNAGAS LNG PARTNERS LP
Condensed Consolidated Balance Sheets
(Expressed in thousands of U.S. dollars—except for unit data)
June 30,
2026
(unaudited) December 31,
2025
(unaudited)ASSETS: Cash and cash equivalents$59,486$41,039Due from related party (current and non-current) 1,350 3,225Other assets 13,718 8,832Vessels, net 717,248 733,148Total assets$791,802$786,244 LIABILITIES Other financial liabilities, net of deferred financing fees$255,225$277,073Other liabilities 36,435 35,941Due to related party (current and non-current) 546 —Total liabilities$292,206$313,014 PARTNERS’ EQUITY General partner (35,526 units issued and outstanding as at June 30, 2026 and December 31, 2025) 206 180Common unitholders (36,382,011 units issued and outstanding as at June 30, 2026 and December 31, 2025) 426,174 399,834Series A Preferred unitholders: (3,000,000 units issued and outstanding as at June 30, 2026 and December 31, 2025) 73,216 73,216Total partners’ equity$499,596$473,230 Total liabilities and partners’ equity$791,802$786.244 DYNAGAS LNG PARTNERS LP
Condensed Consolidated Statements of Cash Flows
(Expressed in thousands of U.S. dollars) Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025 (unaudited) (unaudited)Cash flows from Operating Activities: Net income:$15,957 $13,709 $33,383 $27,279 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 7,994 7,994 15,900 15,900 Amortization of deferred financing fees 116 132 236 267 Deferred revenue amortization (164) 700 (371) 1,393 Amortization of deferred charges 18 54 71 107 Changes in operating assets and liabilities: Trade accounts receivable 1,148 56 (315) 675 Prepayments and other assets (595) (3,347) (936) (223) Inventories 2 (11) 30 (42) Due from/ to related parties 634 691 2,421 1,440 Deferred charges (120) 4 (120) 4 Trade accounts payable (1,153) (22) (1,252) (32) Accrued liabilities (193) 3,074 179 (827) Accrued interest on Redeemable Preferred Units — 529 — 529 Unearned revenue (2,634) 747 (1,677) (4,086) Net cash from Operating Activities 21,010 24,310 47,549 42,384 Cash flows from Financing Activities: Repurchase of common units costs — (4) — (4) Repurchase of common units — (554) — (785) Distributions declared and paid (3,509) (4,830) (7,018) (9,811) Repayment of other financial liabilities (11,042) (11,042) (22,084) (22,084) Net cash used in Financing Activities (14,551) (16,430) (29,102) (32,684) Net increase in cash and cash equivalents 6,459 7,880 18,447 9,700 Cash and cash equivalents at beginning of the period 53,027 69,976 41,039 68,156 Cash and cash equivalents at end of the period$59,486 $77,856 $59,486 $77,856
APPENDIX B
Fleet Statistics and Reconciliation of U.S. GAAP Financial Information to Non- GAAP Financial Information
Three Months Ended
June 30, Six Months Ended
June 30,(expressed in United states dollars except for operational data) 2026 2025 2026 2025 (unaudited) (unaudited)Number of vessels at the end of period 6 6 6 6 Average number of vessels in the period(1) 6 6 6 6 Calendar Days(2) 546.0 546.0 1,086.0 1,086.0 Available Days(3) 546.0 546.0 1,086.0 1,086.0 Revenue earning days(4) 525.5 542.5 1,039.0 1,082.5 Time Charter Equivalent rate(5)$70,145 $67,883 $69,195 $68,537 Fleet Utilization(4) 96.2% 99.4% 95.7% 99.7% Vessel daily operating expenses(6)$16,322 $14,189 $17,577 $15,173 (1) Represents the number of vessels that constituted the Partnership’s fleet for the relevant period, as measured by the sum of the number of days that each vessel was a part of the Partnership’s fleet during the period divided by the number of Calendar Days (defined below) in the period.
(2) “Calendar Days” are the total days that the Partnership possessed the vessels in its fleet for the relevant period.
(3) “Available Days” are the total number of Calendar Days that the Partnership’s vessels were in its possession during a period, less the total number of scheduled off-hire days during the period associated with major repairs or dry-dockings.
(4) The Partnership calculates fleet utilization by dividing the number of its Revenue earning days, which are the total number of Available Days of the Partnership’s vessels net of unscheduled off-hire days (which do not include positioning-repositioning days for which compensation has been received) during a period by the number of Available Days. The shipping industry uses fleet utilization to measure a company’s efficiency in finding employment for its vessels and minimizing the number of days that its vessels are off-hire for reasons such as unscheduled repairs but excluding scheduled off-hires for vessel upgrades, dry-dockings, or special or intermediate surveys.
(5) Time charter equivalent rate (“TCE rate”) is a measure of the average daily revenue performance of a vessel. For time charters, the Partnership calculates TCE rate by dividing total voyage revenues, less any voyage expenses, by the number of Available Days during the relevant time period. Under a time charter, the charterer pays substantially all vessel voyage related expenses. However, the Partnership may incur voyage related expenses when positioning or repositioning vessels before or after the period of a time charter, during periods of commercial waiting time or while off-hire during dry-docking or due to other unforeseen circumstances. The TCE rate is not a measure of financial performance under U.S. GAAP (non-GAAP measure), and should not be considered as an alternative to voyage revenues, the most directly comparable GAAP measure, or any other measure of financial performance presented in accordance with U.S. GAAP. However, the TCE rate is a standard shipping industry performance measure used primarily to compare period-to-period changes in a company’s performance despite changes in the mix of charter types (such as time charters, voyage charters) under which the vessels may be employed between the periods and to assist the Partnership’s management in making decisions regarding the deployment and use of the Partnership’s vessels and in evaluating their financial performance. The Partnership’s calculation of TCE rates may not be comparable to that reported by other companies due to differences in methods of calculation. The following table reflects the calculation of the Partnership’s TCE rates for the periods presented (amounts in thousands of U.S. dollars, except for TCE rates, which are expressed in U.S. dollars, and Available Days):
Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025 (In thousands of U.S. dollars, except for Available Days and TCE rate) (unaudited) (unaudited)Voyage revenues$41,188 $38,613 $81,126 $77,720 Voyage Expenses * (2,889) (1,549) (5,980) (3,289) Time Charter equivalent revenues$38,299 $37,064 $75,146 $74,431 Available Days 546.0 546.0 1,086.0 1,086 Time charter equivalent (TCE) rate$70,145 $67,883 $69,195 $68,537 *Voyage expenses include commissions of 1.25% paid to Dynagas Ltd., the Partnership’s Manager, and third-party ship brokers, when defined in the charter parties, bunkers, port expenses and other minor voyage expenses.
(6) Daily vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, spares and repairs and flag taxes, are calculated by dividing vessel operating expenses by fleet Calendar Days for the relevant time period.
Reconciliation of Net Income to Adjusted EBITDA
Three Months Ended
June 30, Six Months Ended
June 30,(In thousands of U.S. dollars) 2026 2025 2026 2025 (unaudited) (unaudited)Net income$15,957 $13,709 $33,383 $27,279Net interest and finance costs(1) 3,837 5,230 7,811 10,096Depreciation 7,994 7,994 15,900 15,900Amortization of deferred revenue (164) 700 (371) 1,393Amortization of deferred charges 18 54 71 107Other income(2) — — (4,893) —Adjusted EBITDA$27,642 $27,687 $51,901 $54,775 (1) Includes interest and finance costs and interest income, if any.
(2) Includes other income from insurance claims for damages incurred in prior years
The Partnership defines Adjusted EBITDA as earnings before interest and finance costs, net of interest income (if any), taxes (when incurred), depreciation and amortization (when incurred), and non-recurring items (if any). Adjusted EBITDA is used as a supplemental financial measure by management and external users of financial statements, such as investors, to assess the Partnership’s operating performance.
The Partnership believes that Adjusted EBITDA assists its management and investors by providing useful information that increases the ability to compare the Partnership’s operating performance from period-to-period and against that of other companies in its industry that provide Adjusted EBITDA information. This increased comparability is achieved by excluding the potentially disparate effects between periods or against companies of interest, other financial items, depreciation and amortization and taxes, which items are affected by various and possible changes in financing methods, capital structure and historical cost basis and which items may significantly affect Net Income between periods. The Partnership believes that including Adjusted EBITDA as a measure of operating performance benefits investors in (a) selecting between investing in the Partnership and other investment alternatives and (b) monitoring the Partnership’s ongoing financial and operational strength. Adjusted EBITDA is not intended to and does not purport to represent cash flows for the period, nor is it presented as an alternative to operating income. Further, Adjusted EBITDA is not a measure of financial performance under U.S. GAAP and does not represent and should not be considered as an alternative to Net Income, operating income, cash flow from operating activities or any other measure of financial performance presented in accordance with U.S. GAAP. Adjusted EBITDA excludes some, but not all, items that affect Net Income and these measures may vary among other companies. Therefore, Adjusted EBITDA, as presented above, may not be comparable to similarly titled measures of other businesses because they may be defined or calculated differently by those other businesses. It should not be considered in isolation or as a substitute for a measure of performance prepared in accordance with GAAP. Any non-GAAP measures should be viewed as supplemental to, and should not be considered as alternatives to, GAAP measures including, but not limited to net earnings (loss), operating profit (loss), cash flow from operating, investing and financing activities, or any other measure of financial performance or liquidity presented in accordance with GAAP.
Reconciliation of Net Income to Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit
Three Months Ended
June 30, Six Months Ended
June 30,(In thousands of U.S. dollars except for units and per unit data) 2026 2025 2026 2025 (unaudited) (unaudited)Net Income$15,957 $13,709 $33,383 $27,279 Amortization of deferred revenue (164) 700 (371) 1,393 Amortization of deferred charges 18 54 71 107 Other income — — (4,893) — Adjusted Net Income$15,811 $14,463 $28,190 $28,779 Less: Adjusted Net Income attributable to preferred unitholders and general partner (1,701) (3,143) (3,399) (6,331) Less: Deemed dividend on Series B Preferred Units — (2,031) — (2,031) Adjusted Net Income available to common unitholders$14,110 $9,289 $24,791 $20,417 Weighted average number of common units outstanding, basic and diluted: 36,382,011 36,552,642 36,382,011 36,644,628 Adjusted Earnings per common unit, basic and diluted$0.39 $0.25 $0.68 $0.56 Adjusted Net Income represents net income before non-recurring expenses (if any), charter hire amortization related to time charters with escalating time charter rates, amortization of deferred charges, and other income. Adjusted Net Income available to common unitholders represents the common unitholders interest in Adjusted Net Income for each period presented. Adjusted Earnings per common unit represents Adjusted Net Income available to common unitholders divided by the weighted average common units outstanding during each period presented.
Adjusted Net Income, Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit, basic and diluted, are not recognized measures under U.S. GAAP and should not be regarded as substitutes for net income and earnings per unit, basic and diluted. The Partnership’s definitions of Adjusted Net Income, Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit, basic and diluted, may not be the same at those reported by other companies in the shipping industry or other industries. The Partnership believes that the presentation of Adjusted Net Income and Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit, basic and diluted is useful to investors because these measures facilitate the comparability and the evaluation of companies in the Partnership’s industry. In addition, the Partnership believes that Adjusted Net Income is useful in evaluating its operating performance compared to that of other companies in the Partnership’s industry because the calculation of Adjusted Net Income generally eliminates the accounting effects of items which may vary for different companies for reasons unrelated to overall operating performance. The Partnership’s presentation of Adjusted Net Income, Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit does not imply, and should not be construed as an inference, that its future results will be unaffected by unusual or non-recurring items and should not be considered in isolation or as a substitute for a measure of performance prepared in accordance with GAAP.
DENTSPLY SIRONA (XRAY) ve 2. čtvrtletí 2026 překonala odhady zisku i tržeb a potvrdila celoroční výhled pro rok 2026. Tržby ale meziročně klesly o 4,1 % a provozní marže se snížila.
Key Takeaways XRAY topped Q2 earnings and revenue estimates while maintaining its full-year 2026 outlook.Wellspect Healthcare grew 7.1%, offsetting declines across XRAY's three dental segments.XRAY improved gross and EBITDA margins, but operating margin fell amid tariffs and lower volumes. DENTSPLY SIRONA Inc. (XRAY - Free Report) topped second-quarter 2026 earnings and revenue expectations while keeping its full-year outlook intact. The results showed better cash generation and selected margin gains, but they did not mark a broad recovery in dental demand.
The post-earnings question is whether those improvements can outweigh falling sales, tariff pressure and continued weakness in equipment, orthodontics and implants. Wellspect Healthcare remained the clearest growth offset.
XRAY’s Q2 Beat Came With Lower RevenueAdjusted earnings of 52 cents per share beat the Zacks Consensus Estimate of 36 cents by 44.4%. Revenues of $898 million topped the consensus estimate by 1.6%.
That beat came despite revenues falling 4.1% year over year as reported and 6.3% at constant currency. Weakness across three dental segments and the absence of Byte kept the quarter from signaling a broad sales recovery.
XRAY’s Wellspect Unit Provided the Bright SpotWellspect Healthcare revenues rose 7.1% to $86 million, supported by new product launches. Connected Technology Solutions fell 1.5%, Essential Dental Solutions declined 2.7% and Orthodontic and Implant Solutions dropped 13.2%.
The wider dental market is mixed. Align Technology, Inc. (ALGN - Free Report) reported 8.2% growth in second-quarter clear-aligner revenues, but its Imaging Systems and computer-aided design and manufacturing services revenues fell 10.8%. Envista Holdings Corporation (NVST - Free Report) reported 5.0% core sales growth, showing that industry demand is uneven rather than uniformly weak.
XRAY’s Margins Show a Mixed but Better PictureAdjusted gross margin improved 50 basis points to 56.4%, while adjusted EBITDA margin increased 20 basis points to 21.3%. Tariff refunds helped both measures.
Adjusted operating margin, however, contracted 240 basis points to 15.8%. Lower volumes, unfavorable mix, tariff costs and higher selling, general and administrative expenses and increased research and development spending continued to limit operating leverage.
XRAY’s Cash Flow Improves as Liquidity TightensSecond-quarter free cash flow increased to $55 million from $16 million a year earlier. First-half operating cash flow rose to $139 million from $55 million, aided by tariff refunds and better management of inventory and accounts payable.
Cash and cash equivalents stood at $239 million at June 30, down from $326 million at Dec. 31, 2025. The net debt-to-EBITDA ratio was 3.2, keeping balance-sheet flexibility and debt reduction important to the turnaround.
XRAY Keeps 2026 Guidance Despite Uneven DemandDentsply Sirona maintained its 2026 net sales outlook of $3.5 billion to $3.6 billion and adjusted earnings guidance of $1.40-$1.50 per share. Benefits from tariff refunds are excluded from the adjusted earnings outlook.
Maintaining guidance gives investors a clear second-half benchmark. A more durable recovery still depends on better equipment demand, stabilization in SureSmile and implants and improved conversion from the company’s expanded dealer network and commercial investments.
XRAY’s Scores Keep the Post-Earnings View BalancedThe quarter supports a measured view rather than a clean turnaround call. Better cash flow and some margin improvement are constructive, but sales contraction, tariffs and execution risk remain meaningful.
XRAY currently carries a Zacks Rank #3 (Hold), with a Value Score of A, Growth Score of B, Momentum Score of F and VGM Score of B. The Value Score of A, Growth Score of B and VGM Score of B point to relatively favorable value, growth and blended characteristics, while the Momentum Score of F signals weak near-term momentum. Combined with a Hold rank, the setup remains balanced. While Envista Holdings sports a Zacks Rank #1 (Strong Buy), Align Technology carries a Zacks Rank of 3.You can see the complete list of today’s Zacks #1 Rank stocks here.
