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George Town, Cayman Islands, August 25th, 2026, Chainwire

THORChain, a decentralized exchange, announced the launch of THORChain 3.20, an upgrade introducing native support for Monero (XMR) and Zcash (ZEC) swaps.

Until now, moving between privacy coins such as XMR or ZEC and the crypto market has required users to rely on centralized exchanges, custodial services, or additional intermediary steps. With THORChain 3.20, users can natively swap XMR and ZEC against assets including Bitcoin (BTC), Ethereum (ETH), and stablecoins directly through THORChain.

No wrapped versions of XMR or ZEC are required. Users do not need to create an account or hand custody of their assets to a centralized entity. This is a significantly more direct route between privacy-focused cryptocurrencies and the most widely used assets in crypto.

For Monero holders, access to the broader crypto market has become an increasingly important issue as XMR continues to be removed or restricted by centralized exchanges. THORChain’s integration provides an alternative based on native assets and self-custody rather than requiring users to deposit their coins with an exchange.

The release is one of THORChain’s most significant upgrades to date. In addition to Monero and Zcash integration, version 3.20 introduces several broader changes to the protocol, including Protocol-Owned Liquidity (POL) and the new Stable Reserve, alongside renewed support for Solana, Base, and BNB. The Stable Reserve introduces stablecoin-to-stablecoin swaps with no liquidity fees, and Protocol-Owned Liquidity gives THORChain additional mechanisms for deploying protocol capital across the network.

The move builds on THORChain’s core proposition of allowing users to exchange native cryptocurrencies across otherwise disconnected blockchain networks without handing control of their assets to an intermediary.

THORChain already enables native cross-chain swaps across assets including Bitcoin and Ethereum. The addition of privacy-focused networks expands that model into an area of the crypto market where decentralized access has been far more limited until today.

About THORChain

THORChain is a decentralized exchange that enables users to swap native digital assets across different blockchain networks without relying on wrapped assets or centralized custodians. It allows users to exchange assets including Bitcoin, Ethereum, and other supported cryptocurrencies while maintaining a self-custodial experience.

Users can swap assets here: swap.thorchain.org

Swap | Website | X | Telegram | LinkedIn

ContactTHORChain Community
[email protected]

Disclaimer: Press release sponsored by our commercial partners.

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THORSday Community Podcast #229 ft. CBarraford, KentonC137 & patriotsounds | August 27, 2026 | Watch the full episode on YouTube

By Raynalytics

TL;DRTHORChain has put new launches on an initial one-to-two-week pause to prioritize stability after v3.20 and the pending v3.20.1 hotfix. Zcash, $XMR, protocol-owned liquidity deployment and the SwapKit rev-share test are all delayed, not cancelled.The team traced the immediate instability to app-layer calls through non-deterministic API endpoints. A temporary app-layer pause remains technically possible, but no decision to use it was made during the episode.ADR30 was at 38% approval when recorded. It would let node operators delegate selected administrative commands without handing over control of funds.THORChain is considering what an AI-native protocol interface should look like. An unpublicized MCP server already exists in GitLab, while a command-line wallet for agents is only a possible direction.Memoless registrations were paused after a spam attempt. The team is weighing pricing, rate limits and registration-design changes, while stressing that a user must still follow the correct inbound flow.1. Stability Comes Before the Next LaunchTHORChain had just shipped v3.20, but the episode opened with the harder follow-up: the network needed a v3.20.1 hotfix and a period of focused stability work before the roadmap could advance again.

Chad Barraford said the immediate issue came from the Rujira app layer sometimes querying API endpoints whose results could vary between requests. That variation can change gas consumption. In a consensus system, even a tiny difference in execution is unacceptable, so the team chose to pause new work while it fixed the current failure mode and watched the chain closely.

"We've had too much instability recently to just kind of keep on slogging forward." (Chad)The current patch was expected within roughly 24 hours, contingent on testing and node adoption. But the broader pause is not merely a hotfix window. The team wants at least one or two weeks to assess stability, then decide whether it can resume the roadmap or needs more time.

That means Zcash and Monero are waiting, alongside new feature rollouts, protocol-owned liquidity deployment and rev-share. The message is deliberately cautious: $XMR and Zcash are delayed, not abandoned. Churns should still resume during the stability period, but new chain launches are not the near-term priority.

The community also asked whether the app layer itself could be paused temporarily. Chad confirmed that it is technically possible, but said the team did not yet think it was necessary. The identified patch may be enough, though that judgment could change as more information arrives.

2. AI Strategy Is Still Taking ShapeBefore the technical updates, Denny highlighted a self-funded AI video from French Chad that had reached nearly 9,000 impressions. The anecdote led into a broader question: if agents increasingly initiate crypto activity, what should THORChain build for them?

Kenton said work on AI-engine optimization was beginning to show results in AI search. Chad took the longer view. He expects agents to account for a growing share of transactions, but he does not think the correct protocol strategy is obvious yet.

"The hard thing is figuring out what our strategy should be in that context." (Chad)Some ingredients already exist. Chad said a developer has been working on an open-source MCP server in THORChain's GitLab, though it had not been publicized. Agents can already broadcast a transaction with the necessary memo, so basic agent use does not require a new protocol feature.

The more ambitious possibility is an AI-friendly, command-line wallet with structured JSON output. Instead of asking an agent to operate a graphical wallet, it could hold assets, inspect transaction history and submit transactions through an interface designed for software. That idea is not a product commitment, and it may not be THORChain-specific. It is a direction the team is evaluating as the capabilities and economics of AI change.

Chad also clarified the role of Huginn. It is designed to operate independently, not as a chat assistant that a developer prompts directly. A GitLab issue can be assigned to Huginn, which then works through that task on its own schedule.

https://raynalytics.net/network-status/governance3. ADR30 Separates Operations From Fund ControlADR30 was at 38% approval during the show. The proposal would let a node operator delegate selected operational commands to another address without giving that address control of the node's funds or private keys.

That makes it a quality-of-life change rather than an economic redesign. An operator could split routine duties among people or systems while retaining the key material that matters for custody. The proposal was associated with Liquify, and Chad said he saw no material protocol-design risk beyond the normal need to implement and review the code correctly.

"The security, all that remains the same." (Chad)The vote was not presented as complete. Operators and bond providers still need time to review proposals, coordinate internally and vote. The conversation also returned to a possible future ADR that would require validators to participate in ADR votes, including an abstain option, so governance does not remain idle by default.

Other proposals remain in the queue, including free stablecoin swaps, per-asset minimum fee settings and Devel's limit-order idea. They can wait. The team was clear that stability outranks adding more work to the release path.

4. SwapKit Rev-Share Is Close, but Not ActiveThe planned rev-share arrangement with SwapKit is technically close on both sides. Chad said THORChain's work is ready for additional staging tests, while SwapKit's implementation was nearing completion. Under the proposed test, a portion of fees would go to a SwapKit-controlled bucket, where the partner could use it to compete for more external wallet flow.

"We'll start with 20%, we'll see how that goes." (Chad)That 20% figure is a starting point for a test, not a live setting. The team intends to judge the arrangement by the resulting data, then increase, decrease or stop it if the outcome does not justify the share.

Rev-share can be enabled through an operational Mimir vote, which ordinarily needs three agreeing nodes. But no activation should be read into that mechanism. The same stability pause affecting $XMR and Zcash also pushes the rev-share test back by at least one or two weeks.

The episode also touched on protocol-owned liquidity. v3.20 was meant to help direct system income into selected pools, but that work is now subject to the same pause. The team may later prioritize stablecoins, $XMR, Zcash or other pools, but no new allocation is expected while stability work takes precedence.

5. Memoless Swaps Are Paused While the Team Reworks DefensesThe memo registration feature used for memoless swaps was turned off after someone began repeatedly registering short memo identifiers in an attempt to capture an incorrectly sent inbound transaction. Each pool has roughly 100,000 possible identifiers, and the attacker tried to flood that space with registrations.

Chad's key distinction was important: the attempt can only succeed when someone sends funds to THORChain without including a memo and without registering the intended memo first. It is not a conventional compromise of a correctly formed THORChain Swap.

"The protocol gained money in this particular attack as of now." (Chad)The attacker pays to keep registrations active and, at the time of the episode, was operating at a loss. That does not make the design question irrelevant. The team is deciding whether to restart the feature as it is, make registrations more expensive as space fills, cap registrations per block, bind a registration more closely to the sending address, or include the expected amount in the registration. Each option creates different wallet and user-experience edge cases.

For now, the status is a pause and an active design discussion, not a finalized fix. The practical guidance remains the same: use an interface that constructs the transaction correctly, read its warnings and send a small test transaction before committing a meaningful amount. Self-custody gives users control, but it also makes transaction discipline non-optional.

What to Watchv3.20.1 and uptime: whether the hotfix is adopted cleanly and the team sees the stable operation it wants before reopening the roadmap.New-chain timing: when Zcash and $XMR return to the launch queue after the initial one-to-two-week stability review.ADR30: whether the delegation proposal clears its node vote and how quickly the remaining governance queue moves afterward.AI interfaces: whether the MCP server is publicized, and whether the agent-friendly command-line wallet concept becomes a concrete build.Memoless redesign: which registration defense the team chooses and when THORChain Swap can safely re-enable the flow.More THORChain data, check out raynalytics.net

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Rupert Murdoch's longstanding wish to reunite his Fox Corp (FOXA.O) and News ​Corp (NWSA.O) could happen in a potential merger that would unite a TV company with a widespread news operation, cementing the family's control ‌over a smaller empire, court documents and video show.

Discussions of a possible re-merger were revealed during the last few weeks in unsealed court documents and an attorney's testimony related to a family succession saga that began in 2023. The judicial official overseeing the matter released the findings at the end of July.

They showed that in 2022, Rupert Murdoch, then chairman of Fox Corp and ​News Corp, became interested in recombining the two companies after he split them less than 10 years earlier.

The merger failed after investors balked, but court ​proceedings in June show Murdoch could make a renewed attempt. In a hearing to determine whether the court testimony should ⁠be made public, an attorney for Lachlan Murdoch argued any discussions related to the merger should be sealed or redacted because it is "something that still could happen ​in the future."

In a statement, Fox said, "The references in the court records concerned a potential merger considered in 2022. There have been no merger discussions between FOX and ​News Corp since then." News Corp referred to the Fox statement. Fox shares dropped 3.4% while News Corp rose 0.7% following the Reuters report.

In a sign of how aggressively Murdoch pursued the merger, he drafted a letter in 2022 to both boards stating the family trust would not "vote in favor of any alternative sale, merger or similar transaction involving either company." After ​a representative for Murdoch's daughter Elisabeth questioned the re-merger, Rupert texted her and threatened to "ram it through ... if necessary."

A merger would bring together what remains of Murdoch's ​waning media empire. It would unite an array of disparate businesses across television, newspapers and streaming, including Fox News, Fox broadcast, which airs NFL games, the Wall Street Journal, the Sun, ‌and the ⁠New York Post.

Fox, led by Lachlan Murdoch, struck a $22 billion deal in June to acquire the streaming platform Roku (ROKU.O), giving Fox access to more than 100 million households in an attempt to reach more digital audiences as television declines.

Murdoch split his empire in two after a hacking scandal at his UK newspapers in 2013 threatened his enterprise. Murdoch and his son James Murdoch apologized to a UK parliamentary committee after it was revealed one of his tabloids had hacked the mobile phone of murdered schoolgirl ​Milly Dowler. Murdoch cleaved the faster-growing and ​more lucrative television business from his ⁠shrinking newspaper empire, and investors boosted the value of both.

The court findings were released after several news organizations, including Reuters, petitioned the probate commissioner presiding over the case to release the proceedings.

The fractious family dispute started in December 2023, when the ​then 93-year-old media titan moved to alter the family trust to give effective control of Fox and News Corp to ​his eldest son Lachlan, ⁠cutting out three of his children, Prudence MacLeod, Elisabeth, and James.

The children took their father to court but settled last year after a two-year battle. Lachlan became the heir to his father's business while the three children were paid $1.1 billion each in a deal that dissolved their stakes in the family trust that controls Murdoch's companies.

Details from the succession ⁠drama were first ​revealed by the New York Times Magazine last year, but the July findings from the Nevada court ​relayed fresh comments from the elder Murdoch.

When a family representative questioned his motivation to further consolidate his control over the businesses, Rupert Murdoch responded: “Sorry, Richard! This has been a family-dominated business for 70 years,” ​and added, “It would be a disaster for at least the U.S. and Australia if these assets fell into the wrong hands.”

It has been about a month since the last earnings report for CBRE Group (CBRE - Free Report) . Shares have lost about 1.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CBRE due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

CBRE Group’s Q2 Earnings Beat Estimates on Broad-Based Segment GrowthCBRE Group reported second-quarter 2026 core earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.47. The figure increased 30% from $1.20 in the year-ago quarter.

Revenues rose 15.5% year over year to $11.23 billion and surpassed the consensus mark of $11.17 billion. Strong leasing, property sales, critical infrastructure and project-management activity drove growth.

Advisory Strengthens on Leasing and SalesAdvisory Services revenues increased 17.7% year over year to $2.31 billion. Segment operating profit climbed 29.4% to $449 million, outpacing revenue growth and reflecting solid operating leverage.

Global leasing revenues advanced 24%, driven by a 24% increase in the United States on strength in office and industrial activity. Leasing revenues in Europe, the Middle East and Africa (EMEA) grew 27%, while Asia-Pacific revenues rose 19%. Global property sales revenues increased 20%, and commercial mortgage origination revenues improved 8%.

BOE Gains From InfrastructureBOE revenues grew 14.6% to $6.69 billion. BOE’s operating profit increased 25.5% to $335 million, aided by business expansion and the reclassification of certain amortization costs associated with vehicle finance leases.

Critical infrastructure services revenues surged 68%, driven by Data Center Solutions and contributions from Pearce Services, which CBRE Group acquired in November 2025. Facilities management revenues rose 11%, led by local facilities management and growth from technology, media and telecommunications clients.

Project Management Delivers Strong GrowthProject Management revenues increased 19.1% year over year to $2.05 billion. Pass-through costs rose 22.2% to $1.08 billion, reflecting the subcontracted work performed for clients and reimbursed by them.

Segment operating profit advanced 27.8% to $147 million. Infrastructure activity remained strong across transportation and utility projects in the U.K., Europe and the Middle East. Real estate project growth was led by North America and Asia, with notable demand from hyperscaler and technology clients.

Real Estate Investments Profit Rises as Revenues FallReal Estate Investments revenues declined 10.2% to $193 million, mainly reflecting a 37% decrease in development revenues to $44 million. However, segment operating profit increased 68% to $42 million.

Development operating profit rose to $9 million from $3 million, while investment management operating profit edged up to $32 million from $31 million. The development portfolio of in-process projects and pipeline remained at $29.6 billion. Assets under management were approximately $155 billion at quarter-end.

Cash Flow Supports Share RepurchasesCBRE Group generated nearly $1.7 billion of free cash flow during the trailing 12 months, representing a 76% conversion rate. Management expects full-year conversion to be near the high end of its 75-85% target range.

The company repurchased nearly $1 billion of shares from the beginning of 2026 through July 27. It made no material acquisitions during the second quarter, directing capital toward buybacks while maintaining liquidity for strategic investments.

Balance sheet metrics remained conservative. Net leverage was 1.6X as of June 30, 2026. Total liquidity stood at approximately $4.39 billion at quarter-end, comprising $1.49 billion of cash and $2.90 billion available under revolving credit facilities. Management expects year-end leverage to be around the midpoint of its target range.

Raises Its 2026 Earnings OutlookManagement raised its full-year 2026 core earnings guidance to $7.80-$7.90 per share from $7.60-$7.80. The midpoint implies 23% year-over-year growth, supported by the second-quarter outperformance, stronger expected Advisory growth and higher development profits.

The company expects approximately 20% segment operating profit growth in Advisory Services and about 25% growth in BOE. Project Management profit is projected to grow in the mid-teens, while Real Estate Investments profit is expected to exceed the prior-year level, led by development gains.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates revision.

VGM ScoresCurrently, CBRE has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook CBRE has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Key Takeaways VIAVI Solutions is benefiting from a diverse portfolio that reduces reliance on any single end market.Data center infrastructure and aerospace & defense are expected to be key near-term growth drivers.New testing capabilities and acquisitions are broadening VIAVI Solutions' reach across key applications. VIAVI Solutions (VIAV - Free Report) is benefiting from its comprehensive and diverse product offerings. Its diversified portfolio is ensuring sustained growth by reducing its reliance on any single end market.

VIAVI's Network and Service Enablement (NSE) business is witnessing strong demand for lab, production and field instruments tied to data center buildouts. New PCIe 7.0 analysis and CyberFlood CF1000 capabilities expand Viavi’s ability to validate AI inference workloads, encrypted traffic and next-generation infrastructure. The integration of Spirent’s high-speed Ethernet and network security testing assets continues to broaden Viavi’s addressable market across enterprise and data center applications. The acquisition of Inertial Labs has also boosted its portfolio strength.

Beyond the AI infrastructure space, the company also boasts a strong presence in the aerospace and defense space. Strong demand for positioning, navigation and timing (PNT) products is supporting growth in this domain. The company is also working on expanding into 6G, Wi-Fi, AI-RAN and specialized RF testing to expand its portfolio’s addressable market.

It is to be noted that, in the near term, data center infrastructure and aerospace & defense will be the major growth drivers for the company. However, the company continues to face risks related to product-mix fluctuations and competitive pressures across each of its served markets.

Other Tech Firm with Diverse Portfolio OfferingJabil, Inc.’s (JBL - Free Report) focus on end-market and product diversification remains a key long-term catalyst. Management continues to target a balanced portfolio so that no individual product or product family becomes an outsized contributor to operating income or cash flow. This strategy improves the stability of earnings through industry cycles while allowing Jabil to capture opportunities across AI infrastructure, healthcare, industrial and automation markets. Moreover, Jabil’s organizational structure remains aligned with major end markets, allowing the company to build deeper domain expertise and respond more quickly to customer demand.

Keysight Technologies, Inc. (KEYS - Free Report) is also placing strong emphasis on product diversification. Keysight’s Communication Solutions Group segment is benefiting from healthy growth in both wireline and wireless, AI data center expansion, and rising investments in next-generation wireless (5G/6G and Non Terrestrial Network). Strong AI-related investments, higher demand for wafer and lithography solutions for advanced chip development and growth in software-defined vehicles, cybersecurity and EV charging solutions are driving growth in the Electronic Industrial Solutions Group.

VIAV’s Price Performance, Valuation and EstimatesVIAVI has gained 240.9% in the past year compared with the Electronics - Measuring Instruments industry’s growth of 196.8%.

Image Source: Zacks Investment Research

Going by the price/earnings ratio, the company’s shares currently trade at 24.55 forward earnings, lower than 38.52 for the industry and its mean of 39.43.

Image Source: Zacks Investment Research

The company’s earnings estimates for 2026 and 2027 have improved over the past 60 days.

Image Source: Zacks Investment Research

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

Deutsche Bank AG acquired a new position in shares of WD-40 Company (NASDAQ:WDFC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,346 shares of the specialty chemicals company’s stock, valued at approximately $5,444,000. Deutsche Bank AG owned approximately 0.17% of WD-40 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WDFC. Quarry LP boosted its holdings in shares of WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after acquiring an additional 172 shares in the last quarter. Parallel Advisors LLC raised its stake in WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in WD-40 by 243.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. DA Davidson lifted their target price on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Northcoast Research raised WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, WD-40 currently has a consensus rating of “Buy” and a consensus target price of $305.00.

View Our Latest Stock Analysis on WDFC Insider Transactions at WD-40 In other WD-40 news, insider Patricia Q. Olsem sold 300 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the completion of the transaction, the insider owned 4,774 shares in the company, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company’s stock.

WD-40 Price Performance Shares of WDFC opened at $215.89 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The firm has a 50-day simple moving average of $235.76 and a 200-day simple moving average of $225.02. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.81 and a beta of 0.27.

WD-40 (NASDAQ:WDFC – Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities research analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is 62.01%.

WD-40 Company Profile (Free Report)

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.

See Also Five stocks we like better than WD-40 Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding WDFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WD-40 Company (NASDAQ:WDFC – Free Report).

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It has been about a month since the last earnings report for Plexus (PLXS - Free Report) . Shares have added about 1.4% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Plexus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

Plexus' Q3 Earnings Beat EstimatesPlexus reported third-quarter fiscal 2026 adjusted earnings per share (EPS) of $2.32 compared with the year-ago quarter’s $1.90. The figure beat the Zacks Consensus Estimate of $2.10 per share. Management expected non-GAAP EPS to be in the band of $2.02-$2.18.

Revenues increased 28.1% to $1.305 billion and surpassed the consensus mark of $1.228 billion by 6.3%. Management expected revenues to be between $1.2 billion and $1.25 billion. Broad end-market demand, new program ramps and Industrial strength drove the performance.

In the fiscal third quarter, Plexus announced 31 manufacturing program wins, which are estimated to contribute $255 million in annualized revenues once fully ramped into production.

Looking at Quarterly DetailsAerospace/Defense revenues climbed 27.1% year over year and 10% sequentially to $233 million, accounting for 18% of the total. Broad demand and strong operational execution supported revenue growth. Fiscal 2026 revenues are now projected to grow more than 20%, buoyed by defense demand, while fiscal fourth-quarter revenues are expected to be flat.

 Healthcare/Life Sciences revenues increased 15% year over year and 2% sequentially to $483 million, contributing 37% of total revenues. Program ramps remained a growth driver. Fiscal 2026 revenues are projected to be in the high teens, while fiscal fourth-quarter revenues are expected to be flat.

 Industrial revenues surged 42.2% year over year and 23% sequentially to $589 million. The sector represented 45% of total revenues, up from 41% in both the prior quarter and the year-ago period.

Semiconductor capital equipment and broader industrial demand and program ramps supported the growth. Management expects Industrial revenues to rise in the high-single to low-double digits sequentially in the fiscal fourth quarter while overall fiscal 2026 revenues are projected to grow more than 20%.

Our estimates for revenues from the Industrial, Healthcare/Life Sciences and Aerospace/Defense were $533.1 million, $473 million and $222 million, respectively.

Revenues from the Americas increased 37.2% year over year to $428 million. Asia-Pacific revenues increased 30.4% while EMEA revenues declined 6.6%.

The company’s top 10 customers accounted for 55% of net revenues in the fiscal third quarter.

Operating DetailsGross profit on a GAAP basis was up 27.2% year over year to $131.4 million. Gross margin was 10.1%, unchanged from the year-ago quarter.

Selling and administrative expenses increased 41.1% from the year-ago quarter’s actuals to $70.1 million.

Adjusted operating margin expanded 30 basis points to 6.3%.

Cash Flow & Balance Sheet PositionAs of July 4, 2026, Plexus had cash & cash equivalents worth $314.1 million compared with $303.1 million as of April 4.

Long-term debt and finance lease obligations, net of the current portion were $91.6 million as of July 4, 2026, compared with $91 million as of April 4.

For the quarter under review, cash flows generated from operations were $25.9 million. Plexus reported a free cash outflow of $0.7 million after incurring capital expenditures of $26.6 million.

The company repurchased $20.6 million worth of shares at an average price of $258.75 per share under its repurchase program in the fiscal third quarter. Out of the $100 million authorization, $21.4 million remains available.

Q4 Guidance Signals More GrowthFor the fiscal fourth quarter, revenues are projected between $1.33 billion and $1.38 billion. At the midpoint, the revenue outlook implies a 4% sequential rise and 28% year-over-year growth.

Non-GAAP EPS is expected to be in the band of $2.47-$2.63, while adjusted operating margin is forecasted in the 6.1-6.5% range.

Management now expects fiscal 2026 revenue growth above 20% and adjusted operating margin greater than 6%. Fiscal 2027 revenue growth is expected to exceed the 9-12% goal, alongside further margin expansion.

The stronger outlook also requires more working capital investments. Management now anticipates fiscal 2026 free cash flow usage.  Earlier, Plexus projected free cash flow to be $50-$75 million for fiscal 2026. The company expects to return to meaningful free cash flow generation early in fiscal 2027

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted 60.95% due to these changes.

VGM ScoresAt this time, Plexus has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Plexus has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerPlexus is part of the Zacks Electronics - Manufacturing Services industry. Over the past month, Sanmina (SANM - Free Report) , a stock from the same industry, has gained 10.8%. The company reported its results for the quarter ended June 2026 more than a month ago.

Sanmina reported revenues of $3.46 billion in the last reported quarter, representing a year-over-year change of +69.7%. EPS of $3.31 for the same period compares with $1.53 a year ago.

Sanmina is expected to post earnings of $3.20 per share for the current quarter, representing a year-over-year change of +91.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

Sanmina has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.

American Capital Management Inc. acquired a new stake in Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 68,544 shares of the software maker’s stock, valued at approximately $3,202,000. American Capital Management Inc. owned approximately 0.14% of Alarm.com as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Covestor Ltd boosted its stake in shares of Alarm.com by 67.3% during the 4th quarter. Covestor Ltd now owns 691 shares of the software maker’s stock valued at $35,000 after purchasing an additional 278 shares in the last quarter. Strs Ohio bought a new position in Alarm.com in the first quarter worth about $56,000. Kemnay Advisory Services Inc. purchased a new stake in Alarm.com in the fourth quarter worth about $59,000. Danske Bank A S purchased a new stake in Alarm.com in the fourth quarter worth about $92,000. Finally, Caden Capital Partners LP purchased a new position in shares of Alarm.com during the 4th quarter worth approximately $106,000. Institutional investors own 91.74% of the company’s stock.

Insider Buying and Selling In other news, insider Daniel Ramos sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.50, for a total value of $93,000.00. Following the completion of the sale, the insider owned 53,099 shares in the company, valued at approximately $2,469,103.50. This trade represents a 3.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Trundle sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $57.67, for a total value of $2,883,500.00. Following the transaction, the chief executive officer owned 324,842 shares of the company’s stock, valued at $18,733,638.14. This trade represents a 13.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 68,324 shares of company stock worth $3,780,333. Insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades Several brokerages recently issued reports on ALRM. Wall Street Zen upgraded shares of Alarm.com from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Zacks Research raised shares of Alarm.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Barclays upped their price objective on shares of Alarm.com from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Alarm.com from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 price objective on shares of Alarm.com in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.00. Get Our Latest Report on ALRM

Alarm.com Trading Down 0.1% Shares of Alarm.com stock opened at $56.71 on Thursday. Alarm.com Holdings, Inc. has a 1-year low of $41.49 and a 1-year high of $59.38. The company’s fifty day simple moving average is $52.32 and its 200-day simple moving average is $47.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.96 and a quick ratio of 4.38. The stock has a market capitalization of $2.80 billion, a PE ratio of 25.09, a P/E/G ratio of 1.80 and a beta of 0.76.

Alarm.com (NASDAQ:ALRM – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.12. The firm had revenue of $277.73 million during the quarter, compared to analysts’ expectations of $264.96 million. Alarm.com had a net margin of 11.11% and a return on equity of 15.65%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. Alarm.com has set its FY 2026 guidance at 2.920-2.940 EPS. As a group, equities analysts anticipate that Alarm.com Holdings, Inc. will post 2.47 earnings per share for the current year.

Alarm.com Company Profile (Free Report)

Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company’s interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.

Featured Articles Five stocks we like better than Alarm.com Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks? Want to see what other hedge funds are holding ALRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alarm.com Holdings, Inc. (NASDAQ:ALRM – Free Report).

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Bank of New York Mellon Corp bought a new stake in shares of Avnet, Inc. (NASDAQ:AVT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 843,240 shares of the company’s stock, valued at approximately $74,897,000. Bank of New York Mellon Corp owned 1.03% of Avnet as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AVT. Dimensional Fund Advisors LP increased its position in shares of Avnet by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,885,636 shares of the company’s stock worth $362,655,000 after buying an additional 22,137 shares during the period. AQR Capital Management LLC grew its holdings in Avnet by 30.7% during the 4th quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after acquiring an additional 695,929 shares during the period. LSV Asset Management grew its holdings in Avnet by 7.6% during the 4th quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock worth $135,161,000 after acquiring an additional 197,400 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Avnet by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock worth $105,170,000 after acquiring an additional 101,873 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Avnet by 16.2% in the 4th quarter. Morgan Stanley now owns 1,524,945 shares of the company’s stock worth $73,319,000 after acquiring an additional 212,573 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insiders Place Their Bets In other Avnet news, SVP Michael Ryan Mccoy sold 32,052 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total value of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. This trade represents a 29.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip R. Gallagher sold 51,900 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the completion of the transaction, the chief executive officer directly owned 168,923 shares in the company, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets Several brokerages recently commented on AVT. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Truist Financial lifted their target price on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 14th. Finally, Wells Fargo & Company raised their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.25. Read Our Latest Analysis on AVT

Avnet Stock Performance Shares of AVT opened at $87.57 on Wednesday. Avnet, Inc. has a one year low of $44.25 and a one year high of $100.00. The company has a market cap of $7.19 billion, a PE ratio of 21.95, a P/E/G ratio of 0.26 and a beta of 1.09. The stock has a 50-day moving average of $89.18 and a 200-day moving average of $78.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97.

Avnet (NASDAQ:AVT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. On average, equities research analysts predict that Avnet, Inc. will post 10.45 EPS for the current fiscal year.

Avnet Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio (DPR) is 35.09%.

Avnet Profile (Free Report)

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.

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고객센터

공지사항혜택·이벤트업비트소식거래 이용 안내수수료 안내입출금 이용 안내입출금 현황시장경보 현황Open API 안내정책 및 거래지원 문의1:1 문의하기문의내역이용자 가이드카카오톡 문의(24시간)증명서 발급공시 안내공지사항

디지털 자산

아이오에스티(IOST) 보유 회원 대상 아이오에스티(IOST) 에어드랍 지급 안내 (17회차)

안녕하세요. 가장 신뢰받는 디지털 자산 거래소 업비트입니다.

17회차 아이오에스티(IOST) 에어드랍 지급이 시작되었습니다.

에어드랍 지급은 본 공지 게시 후 24시간 이내에 완료될 예정이며, 에어드랍과 관련한 자세한 사항은 아래 내용을 확인 바랍니다.

IOST 에어드랍 지원관련 공지는 아래 링크를 통해 확인 가능합니다.

참고 : 아이오에스티(IOST) 보유 회원 대상 아이오에스티(IOST) 에어드랍 지원 안내

스냅샷 시점 및 대상

스냅샷 시점 : 2025-03-15 (토) 09:00:00 KST
스냅샷 대상 : 스냅샷 시점 당시 업비트 내 IOST를 보유한 회원

*스냅샷 시점 및 대상에 대한 자세한 내용은 재단 측 공지에서 확인할 수 있습니다.

*입금 대기 및 출금 대기 수량의 경우 스냅샷 대상에 포함되지 않으니 참고 바랍니다.

*스냅샷 시점에 IOST를 매매하여 체결된 경우, 해당 체결의 매수자는 에어드랍 지급 대상에 포함되며 매도자는 에어드랍 지급 대상에 포함되지 않습니다.

지급 안내

지급 수량 산정 방식 : 852,800,000 IOST * (업비트 보유 IOST 물량) / (대상 거래소 보유 전체 IOST 물량) * (개인 보유 IOST 물량) / (업비트 보유 IOST 물량)
해당 에어드랍은 특정 거래소들에 대해 총 48회에 나누어 지급됩니다. 각 회차 별로 에어드랍 수량의 1/48이 지급되며 각 회차는 1개월 간격으로 진행됩니다. 자세한 사항은 재단 측 공지를 참고 부탁드립니다.

*IOST 에어드랍 수량은 소수점 8자리 이하를 절사하여 지급됩니다.

감사합니다.

※ 가상자산은 고위험 상품으로 투자금의 전부 또는 일부 손실을 초래할 수 있습니다.

공유

As part of the recently announced five-year contract renewal, Hertz and Verra Mobility are expanding their technology partnership to explore opportunities to modernize toll processing

, /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, and The Hertz Corporation, on behalf of its Hertz, Dollar, and Thrifty brands, shared additional details today regarding their recent contract renewal, including plans to explore new technology solutions that build on their long-standing tolling and violations management partnership.

The parties announced during quarterly earnings the renewed agreement extending their 20-year partnership. In the expanded agreement, the companies will explore new technology solutions to further improve Hertz's customer experience. Verra Mobility will also continue to provide Hertz with a fully outsourced toll and violations management program, helping improve administrative efficiency while giving renters a more convenient, frictionless experience on cashless and all-electronic tolling networks across North America.

"As Hertz continues to evolve, we're committed to evolving alongside them by listening closely to their needs, investing in innovative technologies, and refining our solutions to help them operate more efficiently while delivering greater value and convenience to their customers," said Stacey Moser, chief customer officer, Verra Mobility.

"We are looking to continuously innovate for our customers," said Jason Rivera, chief technology officer, Verra Mobility. "This next phase of our relationship is about exploring how to combine operational experience with connected-vehicle tolling and AI technology to help solve increasingly complex fleet challenges."

"Verra Mobility has been a trusted partner for more than two decades, helping us simplify tolling and violations management while enhancing the rental experience," said Marnie Harte, senior vice president and chief procurement officer, Hertz. "We look forward to exploring opportunities to leverage new technology to create a more convenient, transparent and seamless experience for our customers, while reducing operational complexity across our fleet."

Verra Mobility helps communities and businesses move people and vehicles by connecting the entire transportation ecosystem, including road safety, commercial fleet mobility, and parking management. The company supports more than 7.6 million vehicles globally - helping to protect vehicle owners against costly toll fines and burdensome administrative tasks – and empowers more than 300 communities to increase safety for all road users through intelligent technology and data-driven insights. In 2025, more than 350 million toll transactions and over 5.6 million violations were processed for fleet customers.

To learn more about Verra Mobility's commercial and fleet solutions, visit www.verramobility.com/commercial/.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, and Australia. For more information, please visit www.verramobility.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments and other relevant factors. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties that can affect our performance in both the near- and long-term, including, without limitation, risks relating to our ability to successfully implement new technologies, the expected benefits of our partnership with Hertz, our ability to maintain and expand customer relationships, general economic conditions, and other factors described in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. This press release should be read in conjunction with the information included in our other press releases, reports, and other filings with the SEC.   Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts.

SOURCE Verra Mobility

Credo Technology exploded from double digits to over $300 in a single year, but the setup heading into fiscal 2027 is a fundamentally different bet, and the math behind our price target reveals exactly where the risk-reward gets interesting again.

Credo Technology has been one of the most explosive AI infrastructure stories of the past year, but the setup heading into fiscal 2027 is a different animal from the one that carried shares from double digits to over $300. With the model now pointing to modest upside and volatility running hot, I want to lay out our 24/7 Wall St. price target and walk through the math.

Credo (NASDAQ:CRDO | CRDO Price Prediction) trades at $224.63 as of midday Tuesday. Our 24/7 Wall St. price target for Credo is $234.55, implying roughly 4.58% upside over the next 12 months. We rate the stock a hold with 90% confidence.

24/7 Wall St. Price Target Summary Metric Value Current Price $224.63 24/7 Wall St. Price Target $234.55 Upside 4.58% Recommendation HOLD Confidence Level 90% A Wild Year, and a Sharp Week Credo has been a monster. Shares are up 95.2% over the past year and 54.71% year to date, sitting just off a 52-week high of $308.67. The past week told a different story, with the stock down 21.29% from $282.82 as the group digested a torrid run.

Fundamentals remain excellent: fourth-quarter revenue hit $437 million, up 157% year over year, and non-GAAP EPS of $1.16 beat consensus by 12.17%, the fourth consecutive beat. Full-year FY2026 revenue more than tripled to $1.3 billion.

Why Bulls See a Breakout to $330 Plus Management guided FY2027 revenue growth of more than 80% year over year, anchored by more than $600 million of optical revenue with ZeroFlap optics, silicon photonics PICs, and optical DSPs each expected to top $100 million.

The Dust Photonics acquisition adds an 800 gig and 1.6T roadmap, and NeoCloud operators could eventually represent on the order of 20% of revenue. Wall Street consensus target sits at $283.23 with 18 Buy or Strong Buy ratings, and our bull case scenario reaches $334.01.

Risks Worth Watching Customer concentration is the elephant in the room: the top customer alone represented 34% of Q4 revenue, and four customers each topped 10%. Inventory rose to $250.8 million, and gross margin faces optical ramp pressure.

Bulls counter that margins have proved resilient: Q4 non-GAAP gross margin actually expanded to 68.3% versus the year prior. Trailing P/E of 92 also leaves little cushion. Our bear scenario targets $187.53.

How Credo Compares to Astera Labs and Marvell Astera Labs (NASDAQ:ALAB) is the closest pure-play comp, competing directly for hyperscaler connectivity dollars with its Scorpio fabric switches and Aries retimers. ALAB competes for the same hyperscaler connectivity dollars and carries a premium multiple as a high-growth pure-play. On that yardstick, Credo’s forward P/E near 39 starts to look reasonable.

Marvell Technology (NASDAQ:MRVL) is the scaled incumbent in custom AI silicon and 800G/1.6T optics. Marvell’s slower growth profile at a much larger revenue base frames Credo as the higher-torque story, which supports our target sitting above the current price but well below the Street’s $283.

Where the Risk-Reward Sits Now Our 24/7 Wall St. price target of $234.55 and hold rating reflect a great business at a fair price after an extraordinary run. The low $200s is where the risk-reward improves materially on a pullback.

Execution risk rises if the optical ramp slips or the top customer’s mix expands further. Credo is a long-term winner, and spotting the next one early tends to follow a pattern we mapped out in a free playbook on the traits behind past 100x tech runs. The entry point matters.

Credo Price Prediction 2026 to 2030 Year 24/7 Wall St. Price Target 2026 $234.55 2027 $236.84 2028 $234.42 2029 $268.81 2030 $263.80 These projections assume Credo executes on its optical inflection and NeoCloud ramp. Meaningful upside or downside will hinge on the pace of 200G-per-lane and 1.6T adoption.

Contact [email protected] for any questions or corrections.

Key Takeaways Axon's Dedrone revenues surpassed $100 million in the second quarter of 2026 amid strong platform momentum.Dedrone C2 adds enhanced sensor fusion, mitigation management and integration with third-party systems.Axon's TYTAN partnership targets an end-to-end counter-drone solution for NATO and European airspace defense. Axon Enterprise, Inc. (AXON - Free Report) is expanding its presence in the counter-drone market by enhancing its capabilities in Dedrone offerings and an Artificial Intelligence (AI)-powered command-and-control platform. Using advanced radar, radio frequency (RF) and acoustic sensors, Dedrone’s offerings help law enforcement agencies to detect, track and mitigate threats posed by unauthorized drones.

Axon acquired Dedrone, a global leader in airspace security, in October 2024. The addition of Dedrone’s advanced airspace technology strengthened AXON’s ability to help customers safeguard their communities from drone threats while improving their response to critical incidents.

In May 2026, the company introduced Dedrone C2, an upgraded version of its Dedrone platform. The new C2 platform incorporates enhanced sensor fusion technology to improve detection capabilities. It also includes an integrated mitigation management feature that gives public safety entities broader access to mitigation tools. In addition, Dedrone C2 supports seamless integration with several third-party sensors and effectors.

The company is seeing strong momentum in its Dedrone platform, with revenues surpassing $100 million in the second quarter of 2026. With global demand for Counter-Unmanned Aircraft Systems (CUAS) increasing, Axon is likely to experience healthy demand for the Dedrone platform.

AXON is also pursuing strategic partnerships to broaden its counter-drone capabilities and expand its customer base. Last year, the company entered into a collaboration with TYTAN, a provider of interceptor systems for Group 3 drones, to develop an integrated, end-to-end counter-drone solution for NATO and European airspace defense.

Performance of AXON's PeersAmong its major peers, Teledyne Technologies Incorporated’s (TDY - Free Report) Digital Imaging segment’s second-quarter 2026 revenues increased 12.7% year over year to $868.7 million. The jump was due to higher sales of infrared imaging detectors, components and subsystems, and surveillance systems. Teledyne generated 52.2% of its total revenues from this segment in the quarter.

Its another peer, Woodward, Inc.’s (WWD - Free Report) Aerospace business segment reported net sales of $709 million in third-quarter fiscal 2026, up 19% year over year. Woodward generated 63.9% of its total sales from this segment in the quarter. The increase in revenues for Woodward’s segment is primarily attributable to broad-based strength across commercial services and commercial OEM.

AXON’s Price Performance, Valuation and Estimates
Image Source: Zacks Investment Research

Shares of Axon have gained 6.9% in the past six months against the industry’s decline of 12.2%.

Image Source: Zacks Investment Research

From a valuation standpoint, AXON is trading at a forward price-to-earnings ratio of 64.02X, above the industry’s average of 37.64X. Axon carries a Value Score of F.

Image Source: Zacks Investment Research

Analysts Have "Buy" Rating On This Mid-Cap Dividend AchieverDonaldson NYSE: DCI reported record fiscal 2026 results, including annual sales of $3.9 billion and adjusted earnings per share of $3.98, as the filtration company cited growth across its Mobile Solutions, Industrial Solutions and Life Sciences segments. Sales rose 5% from fiscal 2025, while EPS increased 8% and operating margin reached a record 16%.

For the fourth quarter, sales surpassed $1 billion for the first time, increasing 8% from the prior-year period. Adjusted EPS rose 12% to $1.15, while operating margin expanded 110 basis points to a record 17.5%.

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“Fiscal 2026 was another record year for Donaldson Company,” President and CEO Rich Lewis said, pointing to the company’s growth strategy, operational efficiency efforts and the acquisition of Facet Filtration.

Facet acquisition adds sales, creates near-term earnings dilution Donaldson acquired Facet on May 4, 2026, making the fourth quarter the first period in which the company reported combined results. The acquisition, the largest in Donaldson’s history, expanded its positions in aerospace and defense and power generation, according to management.

Chief Financial Officer Brad Pogalz said Facet added roughly three percentage points to fourth-quarter sales growth but reduced EPS by $0.06. Facet’s sales, gross margin and operating profit were in line with the company’s forecast, although amortization and interest expense were somewhat higher than expected.

For fiscal 2027, management expects Facet to dilute EPS by about $0.12, reflecting incremental amortization and interest expense. Pogalz said the acquisition is accretive on a cash basis after accounting for business performance and interest expense. Donaldson has already repaid more than $100 million of Facet-related debt and reported net debt-to-EBITDA leverage of approximately 1.4 times.

Mobile aftermarket growth offsets uneven first-fit demand Mobile Solutions revenue rose 8% to $635 million in the fourth quarter, supported by volume growth and pricing. Aftermarket sales increased 9% to $512 million, with growth in all regions and both channels. Lewis said the company posted double-digit growth in its independent channel and has begun realizing revenue from a major North American fleet win discussed in the previous quarter.

First-fit off-road sales were flat at $95 million, as construction strength offset muted agricultural demand. On-road sales increased 9% to $29 million as truck production began to rise, particularly in the U.S. and Europe.

Donaldson’s China business grew 27%, driven by a nearly 40% increase in original-equipment replacement-part sales. The company said it has been winning new off-road platforms and seeing demand from export markets.

For fiscal 2027, Mobile Solutions sales are expected to rise 2% to 6%. Management forecast mid-single-digit off-road growth, supported by construction while agriculture remains subdued, and high-single-digit on-road growth as global truck production increases. Aftermarket sales are projected to rise mid-single digits through share gains and higher vehicle utilization.

Industrial operations improve, though power generation remains a focus Industrial Solutions sales rose 8% to $334 million, including $30 million in Facet sales. Aerospace and defense revenue increased 61% to $76 million, though organic aerospace and defense sales declined 3% because of continuing supply-chain constraints.

Industrial Filtration Solutions, or IFS, sales declined 2% to $257 million. Lower dust-collection new-equipment volumes were partly offset by strong power-generation new-equipment demand. IFS replacement-part sales grew in the low single digits and represented 51% of total IFS sales.

Industrial Solutions pre-tax margin was 16.4%, down 450 basis points from the prior year. Pogalz attributed the decline to Facet-related expenses and amortization, organic expense deleveraging, and production-shift headwinds in power generation. Still, the segment’s margin improved 300 basis points sequentially from the third quarter.

The company continues to stabilize operations at a Mexico power-generation plant following a production shift. Pogalz said the issue created approximately 40 basis points of consolidated gross-margin pressure in the fourth quarter, though throughput and delivery performance have improved. Donaldson expects to fully recover by the middle of fiscal 2027.

Lewis also said the company expects to spend the first half of fiscal 2027 improving production at an Illinois facility following the closure of a California aerospace and defense site. Donaldson expects organic aerospace and defense sales to increase in the mid-teens during fiscal 2027 as it addresses supply constraints and works through elevated backlogs.

Life Sciences growth and fiscal 2027 outlook Life Sciences sales increased 10% to $90 million, led by double-digit disk-drive growth and solid food-and-beverage demand. The segment’s pre-tax margin rose 660 basis points to 11.9%, aided by volume leverage in higher-margin food-and-beverage and disk-drive businesses, as well as expense discipline.

Beginning in the first quarter, Donaldson will combine its food-and-beverage and microelectronics operations under the name Process Filtration. Lewis said the businesses share filtration technologies, engineering, manufacturing and regulatory capabilities. Management cited demand related to disk-drive HAMR technology, microelectronics, data-center artificial intelligence buildouts and liquid cooling.

For fiscal 2027, Donaldson forecast:

Total sales growth of 5.5% to 9.5%, with approximately two percentage points each from Facet and pricing, one point from currency, and the balance from organic volume. Operating margin of 16.6% to 17.2%, with the midpoint implying 90 basis points of expansion. EPS of $4.22 to $4.38, including approximately $0.12 of Facet-related dilution. Free cash flow conversion of 95% to 105% and capital expenditures of $70 million to $90 million. Management expects the second half of fiscal 2027 to account for about 52% of annual sales and 57% of operating profit, reflecting typical seasonality and anticipated industrial margin recovery. Donaldson also said it expects to repurchase roughly 1% of shares outstanding during the year, following the resumption of buybacks after the Facet acquisition.

About Donaldson (NYSE:DCI)Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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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Combination of Calix Optical Network Terminal and Tantalus' TRUSense Gateway™
meets increasing demand for fiber-based, data-centric AMI deployments

Burnaby, British Columbia--(Newsfile Corp. - August 27, 2026) - Tantalus Systems (TSX: GRID) (OTCQX: TGMPF) ("Tantalus" or the "Company"), a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data, announced today that it is working with Calix, Inc. (NYSE: CALX) ("Calix") to jointly bring fiber-enabled applications to electric cooperative and municipal utilities. Calix, an AI platform company, enables service providers to transform their operations and accelerate delivery of differentiated experiences, so they can compete and win in the markets and communities they serve. As part of Calix's Partner Program, Tantalus expects to expand its sales channel and addressable market, especially within the electric cooperative segment, a core growth market for the Company.

This initiative represents a significant growth opportunity for both Tantalus and Calix, as more than 200 electric cooperatives across North America are currently in the process of deploying fiber networks. Tantalus' TRUSense Fiber Gateway and TRUConnect™ AMI platform, which are both part of the Tantalus Grid Modernization Platform™ (TGMP™), will be paired with Calix Optical Network Terminal (ONT) technology and the AI-native Calix One™ platform, enabling utilities with fiber investments to deploy next-generation AMI, enhanced broadband and accelerated grid optimization, as well as the integration of distributed energy resources (DERs) and behind-the-meter devices.

"Calix is a leader in enabling utilities to deploy fiber across their distribution grids," said Peter Londa, President and Chief Executive Officer of Tantalus. "Together, we're empowering utilities to turn those fiber investments into a foundation for faster, more cost-effective grid modernization that benefits the communities they serve."

In addition, Tantalus has tested the TRUSense Fiber Gateway in conjunction with Calix ONTs to confirm interoperability between the two companies' technologies, and the companies are ready for field deployment of their solutions. In fact, BrightRidge, a public power and broadband utility based in Johnson City, Tennessee, is one of the first joint Tantalus and Calix customers.

"BrightRidge has worked with Tantalus and Calix in our migration to an IP-based infrastructure. The Calix I-Temp Rated XGIA SFP+ ONT and the Tantalus TRUSense Fiber Gateway work together to ensure the robustness and reliability of our world-class network," said Adam Miller, BrightRidge AMI Manager. "We're doing this to take advantage of the advanced applications available today as well as in preparation for what's coming next."

An increasing number of utilities are leveraging fiber networks to drive more visibility, reliability and resilience across their distribution grids, and the collaboration between Tantalus and Calix is designed to benefit communities across North America.

"Grid modernization requires a fundamental evolution in how utility providers connect critical infrastructure," said Shane Eleniak, Chief Product Officer of Calix. "Those providers need real-time visibility across their networks and the ability to respond quickly to changing conditions in the field. That requires resilient, fiber-based communications. Through our partnership with Tantalus, we are helping utility providers maximize the value of their fiber investments with the AI-native Calix One platform, enabling greater operational intelligence and helping them better serve their communities."

About Tantalus Systems Holding Inc. (TSX: GRID) (OTCQX: TGMPF)

Tantalus is a technology company dedicated to helping utilities modernize their distribution grids by harnessing the power of data across all their devices and systems deployed throughout the entire distribution grid. The Company offers a grid modernization platform across multiple levels: intelligent connected devices, communications networks, data management, enterprise applications and analytics. Our solutions provide utilities with the flexibility they need to get the most value from existing infrastructure investments while leveraging advanced capabilities to plan for future requirements. All our technology is grounded in a data-centric approach that is designed to help utilities find the most cost-effective path to grid modernization with the least risk. Ultimately, we deliver Unified Intelligence to utilities of all kinds, so they can leverage data and insights across their entire grid, no matter what devices, systems or vendors they choose to work with. Learn more at http://www.tantalus.com/

Forward-Looking Statement:

This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the impact that joining Calix's partner program will have on the growth of Tantalus' sales channel and addressable market, the extent to which the joint solutions offered by Tantalus and Calix will support and enhance the grid modernization efforts of utilities, the demand by utilities for the combination of the solutions offered by Tantalus and Calix, the needs of utilities for grid modernization, and other statements that contain words such as "believe," "expect," "project," "should," "seek," "anticipate," "will," "intend," "positioned," "risk," "plan," "may," "estimate" or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this news release is expressly qualified in its entirety by this cautionary statement.

Website: www.tantalus.com
LinkedIn: LinkedIn/company/tantalus
X (Formerly Twitter): @TantalusCorp

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311665

Source: Tantalus Systems Holding Inc.

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Key Takeaways BDC posted record Q2 revenues of $750 million, with adjusted earnings up 24% year over year.Belden's data-center business grew more than 40%, supported by rising AI and hyperscale demand.RUCKUS broadens Belden's networking portfolio and creates cross-selling opportunities across key markets. Belden Inc. (BDC - Free Report) delivered an impressive second-quarter 2026 performance, backed by robust demand across its end markets, strengthening momentum in artificial intelligence (AI) data centers, industrial automation and improving profitability.

The company reported record revenues of $750 million, up 12% year over year and 8% organically. Adjusted earnings surged 24% year over year to $2.34 per share. Adjusted EBITDA increased 28% to $146 million, while the corresponding margin expanded 250 basis points to 19.5%. Moreover, record orders of $836 million increased 19% year over year, resulting in a healthy book-to-bill ratio of 1.11.

The solid order trends, growing exposure to AI infrastructure and the recently completed RUCKUS Networks acquisition pose additional tailwinds. Let us dig a little deeper into the underlying factors that might influence Belden’s growth trajectory.

AI Data Center Momentum Augurs WellBelden's increasing presence in AI and hyperscale data centers is one of its most compelling growth drivers. Management noted that its data center business was up more than 40% year over year in the second quarter, making it one of the company's fastest-growing businesses.

The company is also expanding its addressable opportunity beyond the traditional "gray space" of data centers — covering areas such as cooling, facility controls and power systems — into the "white space" or the data halls where computing equipment resides. This expansion should increase Belden's content opportunity per data center and strengthen relationships with hyperscale customers.

As AI workloads fuel enormous requirements for high-speed, reliable connectivity, the company's fiber, networking and connectivity portfolio appears well placed to capitalize on rising infrastructure spending.

Industrial Automation and Physical AI Create New AvenuesAnother encouraging development is growing demand across Belden's industrial markets. Organic revenues in discrete manufacturing and process manufacturing increased at double-digit rates during the second quarter, reflecting improving industrial automation spending. Orders in the Automation Solutions category increased 27% sequentially, with a book-to-bill ratio of 1.14.

Belden is bullish about the emerging "physical AI" opportunity. As factories and distribution facilities deploy more robots, autonomous machines and AI-enabled systems, these devices require highly reliable, low-latency and mission-critical networks. Belden's long-standing expertise in ruggedized industrial connectivity could give it an advantage as AI investment moves from data centers into factories, warehouses and other physical environments. This represents a potentially sizable long-term growth opportunity that remains in the early stages of adoption.

RUCKUS Acquisition Expands Growth OpportunityThe acquisition of RUCKUS Networks represents another major catalyst. The deal significantly broadens Belden's capabilities by combining its existing wired and industrial networking portfolio with RUCKUS' enterprise Wi-Fi and intelligent cloud-managed networking solutions.

The combined platform enables Belden to offer customers seamless connectivity, spanning passive network infrastructure, wired networking, Wi-Fi 7 and cloud-based network management. The transaction should also create meaningful cross-selling opportunities across manufacturing facilities, warehouses, healthcare establishments, hospitality properties and large venues. Management expects RUCKUS to be immediately accretive to revenues, adjusted EBITDA and earnings, while increasing the proportion of higher-value solutions in Belden's portfolio.

The combination also supports Belden's longer-term transition from connectivity products supplier to integrated networking solutions provider. Greater solutions penetration could improve customer stickiness, expand wallet share and support healthier margins over time.

Price PerformanceBelden has declined 12% in the past year against the industry’s growth of 177%. It has underperformed peers like Ciena Corporation (CIEN - Free Report) and Viavi Solutions Inc. (VIAV - Free Report) . While VIAV has gained 238.5%, CIEN soared 318% over this period.

One-Year BDC Stock Price Performance

Image Source: Zacks Investment Research

Moving ForwardBelden's record second-quarter performance highlights strengthening underlying business momentum. RUCKUS significantly enhances BDC's networking portfolio and could accelerate its evolution into a higher-value, full-stack networking solutions provider. Improving order trends lend support to the inherent growth potential.

Belden's strong order pipeline, expanding exposure to secular AI and automation spending and improving profitability make its growth story increasingly attractive. Investors seeking exposure to the networking infrastructure supporting AI, automation and rising data consumption may consider buying BDC stock following its solid second-quarter showing.

Belden currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The U.S. FDA has approved Revolution Medicines' (RVMD.O) groundbreaking pancreatic cancer drug after it was shown to double ‌the survival rate of patients with advanced disease in a large trial, offering new hope to those with the deadly cancer.

The once-daily pill, to be called Rasonque, was approved for metastatic pancreatic cancer in patients who have received prior treatment or cannot receive combination chemotherapy. The drug is designed to block several forms of the RAS protein, which ​helps drive tumor growth in many pancreatic cancers.

Revolution said the drug is now available in the United States at $39,800 for a 30-day ​supply. The company added that it would make assistance available as well.

When Revolution announced the trial results in April ⁠for the drug, it set off a firestorm of demand. The FDA quickly granted early access to it under its compassionate use program, which allows patients ​with serious or life-threatening conditions to get experimental treatments outside clinical trials prior to authorization by the regulator.

The treatment has already offered some patients with early ​access to the drug a reprieve from the toll of chemotherapy.

Barbara Andes, 88, of Fullerton, California, who began taking it in July after a year of chemotherapy, said the pill allowed her to resume regular activities and caused far less nausea and fatigue.

"It's going to open this door now commercially for so many, many more people who ​are suffering," Andes said. "It's a godsend."

SPEEDY REVIEW
The drug was part of the Food and Drug Administration's new expedited review process, designed to shrink timelines to as ​little as one to two months from the usual 10 to 12.

"This approval validates more than a decade of work aimed at pancreatic cancer, primarily RAS-driven disease, and ‌one of ⁠the most difficult challenges in medicine, cancer biology, and drug discovery," Revolution CEO Mark Goldsmith said.

Investors have flocked to Revolution on expectations that Rasonque could become a major new treatment option, driving the company's stock up 166% this year. Its approval was widely expected and Revolution shares were relatively flat at $211.70.

RBC Capital Markets analysts said the rapid approval, along with more than 2,000 patients already enrolled in the Expanded Access Program, could help drive an estimated $28 ​million in U.S. pancreatic cancer revenue ​in the third quarter. Fourth-quarter sales ⁠could reach $148 million.

Longer term, the analysts estimated the drug could generate $11.5 billion in annual global sales. The American Cancer Society estimates about 67,350 patients to be diagnosed with pancreatic cancer this year.

DOCTORS HAIL BREAKTHROUGH
Doctors expect Rasonque to transform how ​they tackle a disease that has been very difficult to treat.

"This is just the tip of the iceberg ​in terms of ⁠what we're going to see in terms of targeting the RAS pathway for pancreas cancer," said Rachna Shroff, chief of hematology and oncology at the University of Arizona Cancer Center.

"Not only did people live longer, but their quality of life improved," Shroff said, noting that patients stayed on the drug longer than they ⁠did on ​chemotherapy.

Peter Hosein, associate director for clinical research at the Pancreatic Cancer Research Institute at Sylvester ​Comprehensive Cancer Center, described it as a paradigm shift.

"Researchers have been trying to make a breakthrough in RAS inhibition for decades and, due to unrelenting persistence, this breakthrough is finally here," ​he said.

Stacks is teasing another institutional participant joining its Bitcoin staking program this week, building on momentum from a protocol upgrade that lets big players earn yield on BTC without ever giving up custody of their coins.

The announcement, shared on social media, follows the platform’s PoX-5 upgrade that went live on July 29, 2026, and the onboarding of UTXO Management as the inaugural institutional staker back in late May. With a Genesis Bond launch expected in late August, Stacks appears to be stacking up commitments at a deliberate pace.

How Bitcoin staking on Stacks actually works Bitcoin holders lock their BTC on Layer 1 using a timelock script, meaning the coins never leave the Bitcoin blockchain. They then pair that locked Bitcoin with a small amount of STX, Stacks’ native token, creating what the protocol calls a “protocol bond.” The Bitcoin stays under the holder’s control the entire time.

The yield target sits at roughly 3% APY in BTC, paid out over six-month periods. That return comes from miner bids through the Proof-of-Transfer mechanism, not from lending or rehypothecation. The initial institutional capacity has been capped at approximately 3,000 BTC during what Stacks calls a “managed bootstrap phase.”

The PoX-5 upgrade and institutional infrastructure The PoX-5 hard fork passed its governance vote with over 99.99% approval in July 2026. The upgrade was codified through two Stacks Improvement Proposals, SIP-044 and SIP-045, and activated on July 29 to coincide with a Bitcoin block milestone.

Stacks integrated with Fireblocks in June 2026 to handle institutional custody requirements. UTXO Management, the asset management arm of Nakamoto Inc., became the first institution to commit BTC to the program on May 28, 2026, locking a portion of its Bitcoin holdings while keeping them on Layer 1.

Why institutions care about BTC-denominated yield The Genesis Bond, expected to launch in late August 2026, will serve as the first formal institutional Bitcoin bonding event on the platform, giving institutions a clear entry point with defined terms.

The cadence of announcements — one inaugural staker in May, infrastructure integrations in June, a protocol upgrade in July, and now a second institution ahead of the Genesis Bond in August — suggests Stacks is executing a deliberately sequenced rollout designed to build confidence before scaling up.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Kyndryl Agentic AI Framework, paired with Broadcom's VMware Cloud Foundation reinforces private cloud environments and addresses vulnerabilities at AI speed

Skills investment and the Kyndryl Agentic AI Framework will drive customer engagements

, /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced an expanded strategic alliance with Broadcom to deliver end-to-end consulting services for VMware Cloud Foundation (VCF), bringing cloud-like speed, automation and developer experience to private and hybrid cloud environments.

Under the expanded collaboration, Kyndryl and Broadcom are helping enterprises modernize, secure and scale mission-critical systems by building sovereign, AI-ready private clouds that reduce operational complexity, are secure by design and strengthen long-term performance. To support this joint effort, Kyndryl and Broadcom are investing in the skills development of several thousand certified Kyndryl consultants, architects, and delivery specialists to enable agentic workflows.

"Against the backdrop of rising sovereignty demands, enterprises are rationalizing their hybrid and private cloud environments, and they require a pragmatic, outcome-driven approach," said Giovanni Carraro, Global Strategic Alliances Leader at Kyndryl. "By expanding our partnership with Broadcom and investing in VCF skills, we will help customers build modern, resilient, private clouds that enable AI adoption, support data modernization, address the risk of AI-identified vulnerabilities and deliver real business value."

The announcement comes as enterprises confront a rapidly shifting landscape. AI is accelerating innovation, but it is also amplifying risk as Frontier AI models are collapsing zero-day exploits to just hours and posing challenges to regulatory compliance and operations for organizations running critical systems. Sovereignty rules are reshaping where autonomous agents discover and exploit vulnerabilities across application source code, containers, VMs and pipelines at machine speed, without conventional signatures. Modernizing IT infrastructures to defend against fast-moving adversaries requires a private cloud hardened with policy guardrails and secure golden paths before a workload is provisioned, not patched after the fact.

Through the expanded collaboration, Kyndryl provides end-to-end VCF and VMware Tanzu transformation capabilities across advisory and strategy, architecture and design, upgrade and modernization and secure Day-2 operations, spanning virtualized and containerized workloads, while enabling seamless integration with public cloud landing zones as workloads evolve. With deep industry knowledge across financial services, healthcare, manufacturing, transportation, government and regulated industries, Kyndryl's modernization approach maximizes business impact along with technology transformation objectives.

"Our expanded relationship with Kyndryl helps ensure that our mutual customers have the expert guidance required to fully leverage VMware Cloud Foundation as a strategic private cloud platform," said Regan McGrath, President, Americas, Broadcom. "Kyndryl's global delivery capabilities and investment in certified talent provide enterprises with the foundation they need to drive agility, modernize applications and scale AI-driven innovation."

Kyndryl is also focused on helping mutual customers operationalize AI governance across VCF environments by applying the Kyndryl Agentic AI Framework and its policy as code capability to hold agents to approved, deterministic actions informed by business rules and regulatory requirements, so automation stays inside guardrails and drift is contained. This will ensure that AI agents act only within approved, deterministic guardrails shaped by each customer's business rules and regulatory requirements, containing drift while preserving flexibility across models, data and infrastructure.

Combining the VCF private cloud capabilities with Kyndryl's managed services unlocks the value of VCF, enhanced through industrialized operations, automation and AIOps-driven delivery. The result is a unified private cloud environment that runs virtual machine and containerized workloads, including AI inferencing, on a single scalable platform.  IT teams and platform engineers can deliver an agile and robust developer experience, while maintaining the security, control and sovereignty the business requires.

Additionally, Kyndryl's cyber recovery capability – built on VCF's isolated recovery environments (using VMware vDefend), immutable snapshots (using Advanced Cyber Compliance) and orchestrated runbooks (using VCF Automation/Operations) – restores critical operations rapidly and with verified integrity.

Kyndryl is a Pinnacle Partner in the Broadcom Advantage Partner Program and one of the world's largest providers of managed VMware assets. The company was recognized as Broadcom Mainframe Partner of the Year 2025 in South America and in Finland. Kyndryl's VMware services are bolstered by deep expertise and proficiency in the latest skills and technologies companies need to modernize VMware environments and adopt new VCF capabilities to enhance their VMware estate and achieve business objectives.

Learn about Kyndryl's alliance with Broadcom VMware.

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning the Company's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, and may be further updated from time to time in the Company's subsequent filings with the Securities and Exchange Commission.

Media Contact: Leesa D'Alto, [email protected] 

SOURCE Kyndryl

Callan Family Office LLC purchased a new stake in Darden Restaurants, Inc. (NYSE:DRI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,840 shares of the restaurant operator’s stock, valued at approximately $997,000.

A number of other hedge funds have also modified their holdings of DRI. BlackRock Inc. bought a new stake in shares of Darden Restaurants in the second quarter worth about $2,015,109,000. Wellington Management Group LLP lifted its holdings in shares of Darden Restaurants by 81.0% during the 4th quarter. Wellington Management Group LLP now owns 8,077,567 shares of the restaurant operator’s stock valued at $1,486,434,000 after purchasing an additional 3,613,781 shares in the last quarter. Bank of America Corp DE grew its position in shares of Darden Restaurants by 44.6% in the 1st quarter. Bank of America Corp DE now owns 3,212,283 shares of the restaurant operator’s stock valued at $629,736,000 after purchasing an additional 991,230 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Darden Restaurants in the 2nd quarter valued at approximately $204,099,000. Finally, Norges Bank bought a new stake in Darden Restaurants during the 4th quarter worth approximately $144,483,000. 93.64% of the stock is currently owned by institutional investors and hedge funds.

Darden Restaurants Stock Up 1.8% Shares of DRI stock opened at $225.56 on Tuesday. The firm’s fifty day moving average price is $208.63 and its two-hundred day moving average price is $204.61. The company has a current ratio of 0.31, a quick ratio of 0.21 and a debt-to-equity ratio of 0.74. Darden Restaurants, Inc. has a 1 year low of $169.00 and a 1 year high of $229.76. The firm has a market capitalization of $25.73 billion, a P/E ratio of 21.73, a PEG ratio of 2.20 and a beta of 0.60.

Darden Restaurants (NYSE:DRI – Get Free Report) last announced its quarterly earnings data on Thursday, June 25th. The restaurant operator reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.73 billion. Darden Restaurants had a return on equity of 57.44% and a net margin of 9.13%.Darden Restaurants’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.98 EPS. Darden Restaurants has set its FY 2027 guidance at 11.100-11.350 EPS. On average, equities analysts predict that Darden Restaurants, Inc. will post 11.28 EPS for the current fiscal year. Darden Restaurants Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. This is a boost from Darden Restaurants’s previous quarterly dividend of $1.50. Darden Restaurants’s payout ratio is currently 62.43%.

Insiders Place Their Bets In other Darden Restaurants news, SVP Susan M. Connelly sold 9,930 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $206.21, for a total value of $2,047,665.30. Following the completion of the sale, the senior vice president owned 4,165 shares in the company, valued at $858,864.65. This trade represents a 70.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ricardo Cardenas sold 39,134 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $209.06, for a total transaction of $8,181,354.04. Following the transaction, the chief executive officer owned 86,146 shares in the company, valued at $18,009,682.76. This represents a 31.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 70,185 shares of company stock valued at $14,636,984 in the last ninety days. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets Several brokerages have commented on DRI. Stephens raised their target price on shares of Darden Restaurants from $210.00 to $216.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. BTIG Research increased their price objective on shares of Darden Restaurants from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Citigroup raised their price objective on shares of Darden Restaurants from $238.00 to $245.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Bank of America boosted their price objective on shares of Darden Restaurants from $272.00 to $276.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $235.00 target price on shares of Darden Restaurants in a research note on Thursday, June 18th. Eighteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Darden Restaurants currently has an average rating of “Moderate Buy” and an average price target of $230.12.

View Our Latest Research Report on Darden Restaurants

Darden Restaurants Profile (Free Report)

Darden Restaurants, Inc is a multi-brand, full-service restaurant company headquartered in Orlando, Florida. The company owns and operates a portfolio of casual and fine-dining concepts that together serve millions of guests through company-owned and franchised locations. Its well-known brands include Olive Garden and LongHorn Steakhouse, alongside other dining concepts that span Italian, American, steakhouse and upscale casual formats.

Darden’s restaurants provide a range of guest-facing services including dine-in, takeout, delivery and catering, and feature menus tailored to each brand’s positioning—Italian-American fare at Olive Garden, steaks and grilled items at LongHorn, and more premium steakhouse and chef-driven offerings at its upscale concepts.

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The Sandbox has pledged to reimburse eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained about 14.7 million tokens worth roughly $700,000 from an Ethereum vault.

Summary

The Sandbox will repay eligible SAND holders 1:1 after an Aug. 21 bridge exploit drained about 14.7 million tokens worth $700,000. Compensation will come from The Sandbox treasury without minting new SAND, with claims expected to open within two weeks. The attacker exploited a configuration flaw in the Base and BNB Chain contracts to mint more than 339 trillion unbacked SAND. The compromised bridge contracts will be permanently retired, while SAND on Ethereum and Polygon was unaffected. According to The Sandbox’s Aug. 27 post-mortem, users who legitimately held bridged SAND on Base or BNB Smart Chain before the attack will receive an equivalent amount of Ethereum-based SAND. The project plans to cover the payments from its treasury without minting new tokens.

Claims are expected to open within two weeks and remain available for another two weeks. Two centralized exchanges account for more than 72% of the eligible SAND balances, and The Sandbox said the exchanges will distribute replacement tokens directly to affected customers.

The Sandbox will repay SAND holders from its treasury The repayment plan covers legitimate bridged SAND balances that existed on Base and BNB Smart Chain before the exploit. Eligible users will receive SAND issued on Ethereum, replacing the tokens affected by the compromised bridge infrastructure.

The Sandbox said its treasury already holds the tokens required for the process, meaning the compensation will not increase SAND’s circulating or maximum supply. Users who held eligible balances through the two centralized exchanges handling most of the affected tokens will not need to submit individual claims.

For other holders, the project plans to launch a claims portal once the required infrastructure is ready. The two-week submission period is expected to begin within two weeks of the post-mortem, though the project did not provide a specific opening date.

The compensation plan follows an attack that targeted the contracts responsible for moving SAND between Ethereum and Base and BNB Smart Chain. While the exploiter was able to create an enormous quantity of unbacked SAND on the destination networks, the project said the damage to assets backing legitimate bridged tokens amounted to about 14.7 million SAND.

The stolen amount represented roughly 0.5% of SAND’s maximum supply of 3 billion tokens.

Configuration flaw gave the attacker control of bridge verification The Sandbox traced the incident to a configuration problem in the SAND contracts deployed on Base and BNB Smart Chain. The flaw allowed the attacker to become the sole verifier for incoming bridge messages, giving the address the ability to approve fraudulent messages without the authorization normally required by the bridge.

With control of that verification process, the attacker could mint SAND on the destination chains even though corresponding tokens had not been legitimately locked on Ethereum.

More than 339 trillion unbacked SAND tokens were eventually minted across Base and BNB Smart Chain, according to the post-mortem. The Sandbox said the fraudulent supply has since been isolated and cannot be bridged back to Ethereum or redeemed against legitimate SAND reserves.

SAND deployed directly on Ethereum and Polygon was not affected by the configuration flaw.

The distinction between legitimate and unbacked tokens is central to the reimbursement process because bridge systems commonly depend on assets being locked on one network before a corresponding representation is issued elsewhere. A crypto.news explainer published Aug. 3 detailed how lock-and-mint and related bridge designs rely on verification mechanisms to ensure destination-chain assets remain backed by value held elsewhere.

Crypto.news previously reported that bridge exploits have resulted in more than $4 billion in losses since 2021, with failures involving validator credentials, message verification and smart contracts among the methods attackers have used to compromise cross-chain infrastructure.

Compromised SAND bridges will be permanently retired Following the Aug. 21 attack, The Sandbox decided not to restore the affected Base and BNB Smart Chain bridge contracts. Both will instead be permanently retired.

Any future bridge connecting SAND with either network would require newly deployed contracts, according to the project. The Sandbox did not provide a timetable for restoring bridge access to Base or BNB Smart Chain.

Similar decisions to isolate or replace compromised bridge infrastructure have followed several attacks this year. In June, Humanity Protocol disclosed losses exceeding $36 million after attackers obtained administrative keys and took control of bridge systems spanning Ethereum and BNB Smart Chain.

The attackers in that incident were able to drain tokens from the Ethereum bridge and mint additional H tokens on BNB Smart Chain. A subsequent forensic investigation traced the compromised keys to a malware-infected developer machine that contained backups for seven private keys.

Another bridge incident in July hit Wanchain infrastructure connecting Cardano and BNB Chain. Blockchain security firm BlockSec said roughly 515 million NIGHT tokens were removed from the Cardano-side treasury in the Wanchain bridge exploit, worth about $9 million at the time. Midnight said its core network remained secure and described the incident as isolated to the bridge infrastructure.

Bridge exploits have continued through 2026 Cross-chain infrastructure has faced a series of attacks during 2026 involving different verification and security failures.

Axelar disabled bridge connections with Secret Network in June after an exploit resulted in approximately $4.7 million in losses. The incident affected Axelar-bridged assets on Secret Network while Axelar said its core protocol remained unaffected.

A month later, AFX suffered a $24.15 million USDC loss through a bridge operated by the trading protocol. The affected infrastructure was separate from Arbitrum’s native bridge, and the attacker subsequently moved the stolen USDC to Ethereum before converting it into about 12,467.5 ETH.

AFX later prepared a goodwill plan for users after its investigation linked the attack to a social engineering campaign that compromised internal development infrastructure. The protocol said it rebuilt key infrastructure and introduced new security measures following the incident.

The Sandbox’s reimbursement process is expected to begin once its claims system is ready. Eligible balances held through the two centralized exchanges will be handled directly by those platforms, while remaining holders will have two weeks to submit claims after the portal opens.

SAND was trading near $0.04 at the time of the post-mortem, down about 10.4% over the previous seven days.

Algert Global LLC trimmed its holdings in FormFactor, Inc. (NASDAQ:FORM – Free Report) by 18.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 53,560 shares of the semiconductor company’s stock after selling 12,500 shares during the period. Algert Global LLC owned 0.07% of FormFactor worth $8,566,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Keating Financial Advisory Services Inc. acquired a new stake in FormFactor during the 2nd quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of FormFactor during the fourth quarter worth approximately $25,000. UMB Bank n.a. raised its stake in shares of FormFactor by 128.9% during the fourth quarter. UMB Bank n.a. now owns 499 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 281 shares during the last quarter. Torren Management LLC acquired a new stake in shares of FormFactor during the fourth quarter worth $41,000. Finally, Persistent Asset Partners Ltd purchased a new position in FormFactor in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity In other FormFactor news, Director Sheri Rhodes sold 6,328 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $125.40, for a total value of $793,531.20. Following the completion of the transaction, the director directly owned 5,375 shares in the company, valued at approximately $674,025. The trade was a 54.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis Thomas St sold 2,800 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $151.49, for a total value of $424,172.00. Following the transaction, the director directly owned 29,073 shares in the company, valued at approximately $4,404,268.77. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,020 shares of company stock valued at $4,756,017 over the last 90 days. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes FORM has been the topic of a number of recent analyst reports. B. Riley Financial upgraded shares of FormFactor from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Stifel Nicolaus set a $135.00 price objective on shares of FormFactor in a research report on Thursday, April 30th. TD Cowen lowered their price objective on FormFactor from $150.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, July 30th. Wall Street Zen downgraded FormFactor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Evercore set a $150.00 price target on FormFactor in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, FormFactor has a consensus rating of “Moderate Buy” and a consensus price target of $127.45. View Our Latest Analysis on FormFactor

FormFactor Price Performance Shares of NASDAQ FORM opened at $108.10 on Thursday. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 74.04 and a beta of 1.25. FormFactor, Inc. has a 52 week low of $27.81 and a 52 week high of $160.27. The company’s 50-day moving average price is $120.21 and its 200 day moving average price is $117.14. The company has a current ratio of 4.08, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01.

FormFactor (NASDAQ:FORM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. The business had revenue of $258.24 million during the quarter, compared to analysts’ expectations of $240.00 million. FormFactor had a net margin of 12.80% and a return on equity of 13.44%. The company’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS. FormFactor has set its Q3 2026 guidance at 0.770-0.950 EPS. As a group, research analysts forecast that FormFactor, Inc. will post 2.7 earnings per share for the current fiscal year.

FormFactor Profile (Free Report)

FormFactor, Inc (NASDAQ:FORM) is a leading provider of advanced test and measurement solutions for the semiconductor industry. The company specializes in the design, development and manufacture of high-performance wafer-level and package-level test interfaces used in wafer sort, characterization, reliability and failure analysis applications. By leveraging precision microelectromechanical systems (MEMS) and photolithographic processes, FormFactor delivers probe cards, analytical probes and test sockets that enable device makers to validate next-generation integrated circuits across logic, memory, RF, analog and power applications.

FormFactor’s product portfolio includes custom probe cards for wafer probers, TEM-based analytical probes for material and device characterization, and socket solutions for burn-in and final test of packaged devices.

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Bank of New York Mellon Corp purchased a new stake in Fulton Financial Corporation (NASDAQ:FULT – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,901,953 shares of the bank’s stock, valued at approximately $46,008,000. Bank of New York Mellon Corp owned about 1.00% of Fulton Financial at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FULT. Root Financial Partners LLC boosted its position in shares of Fulton Financial by 89.9% in the 1st quarter. Root Financial Partners LLC now owns 1,282 shares of the bank’s stock valued at $26,000 after purchasing an additional 607 shares during the period. Kestra Advisory Services LLC purchased a new position in Fulton Financial during the 4th quarter worth $25,000. Eurizon Capital SGR S.p.A. purchased a new position in Fulton Financial during the 4th quarter worth $27,000. Axiom Investment Management LLC acquired a new position in Fulton Financial in the first quarter valued at $28,000. Finally, Torren Management LLC acquired a new position in Fulton Financial in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 72.02% of the company’s stock.

Fulton Financial Stock Down 0.2% FULT stock opened at $23.75 on Friday. The stock has a market capitalization of $4.53 billion, a PE ratio of 11.36 and a beta of 0.79. The company has a fifty day moving average of $24.20 and a 200-day moving average of $22.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.92 and a current ratio of 0.92. Fulton Financial Corporation has a one year low of $16.60 and a one year high of $25.23.

Fulton Financial (NASDAQ:FULT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.07. Fulton Financial had a net margin of 20.63% and a return on equity of 12.68%. The firm had revenue of $367.87 million during the quarter, compared to analysts’ expectations of $358.83 million. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, analysts expect that Fulton Financial Corporation will post 2.23 EPS for the current year. Fulton Financial Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 1st. Fulton Financial’s dividend payout ratio (DPR) is currently 36.36%.

Insider Buying and Selling In related news, Director E Philip Wenger sold 5,000 shares of Fulton Financial stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $24.14, for a total value of $120,700.00. Following the sale, the director directly owned 75,477 shares in the company, valued at $1,822,014.78. The trade was a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa Crutchfield sold 4,100 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $24.80, for a total value of $101,680.00. Following the transaction, the director directly owned 7,838 shares in the company, valued at $194,382.40. This represents a 34.34% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.01% of the stock is owned by insiders.

Analysts Set New Price Targets Several equities research analysts have recently weighed in on the stock. Raymond James Financial increased their target price on shares of Fulton Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. DA Davidson boosted their price target on Fulton Financial from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Wall Street Zen raised Fulton Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fulton Financial in a research report on Wednesday, July 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $27.00 target price (up from $23.00) on shares of Fulton Financial in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $24.75.

Read Our Latest Stock Analysis on FULT

(Free Report)

Fulton Financial Corporation, trading on the NASDAQ under the ticker FULT, is the financial holding company for Fulton Bank, headquartered in Lancaster, Pennsylvania. The company delivers a broad range of banking and financial services through its subsidiary, Fulton Bank, targeting both individual and corporate clients. Fulton Financial’s offerings include deposit accounts, lending solutions, treasury management, and specialized banking services designed to support personal wealth goals and business growth initiatives.

Through Fulton Bank, the company provides retail banking services such as checking and savings accounts, consumer and residential mortgage loans, and home equity products.

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The new tokens wrap perpetual positions into transferable ERC-20s, giving holders fixed-leverage exposure to assets like bitcoin and Robinhood stock without managing a position.

Arcus, the decentralized exchange built by dYdX Labs, launches

Posted August 25, 2026 at 11:54 am EST.

Arcus, the decentralized exchange built by dYdX Labs, has launched leveraged and inverse tokens on Robinhood Chain that turn a managed perpetual account into a single ERC-20 token, which it calls a pToken, carrying fixed-leverage exposure to one market. Arcus also lets traders use eligible tokenized stocks as collateral to back leveraged positions.

The tokens span assets including bitcoin, solana, and HYPE at fixed leverage levels, in 1x and 3x long and short versions. Examples include pBTC3x, for 3x long bitcoin exposure, and pHOOD3x, for 3x long exposure to Robinhood’s HOOD stock token. Because each is an ERC-20 token, it can be held, transferred, or traded like any other token while carrying its leverage inside the wrapper.

“Traditional markets have spent decades making sophisticated investment strategies easier to access through products like leveraged ETFs,” Arcus CEO Eddie Zhang said in a statement announcing the launch. “We believe the next step is making those strategies native to blockchain infrastructure.”

How the Tokens Work Leveraged and inverse ETFs hold roughly $200 billion in assets in traditional finance, and Arcus is trying to bring that structure onchain. Each pToken represents a pro-rata stake in an underlying Arcus perpetual futures account at a fixed market and leverage level, settled in USDG, the Paxos-issued stablecoin that serves as the platform’s primary collateral. On the spot side, Arcus recently doubled its catalogue to about 200 tokenized stock markets, while its perpetual contracts run with leverage of up to 50x.

Backed by dYdX and Robinhood dYdX Labs is the team behind the decentralized perpetuals exchange dYdX, whose founder Antonio Juliano is joining the Arcus board, while Robinhood Crypto invested as a strategic backer and supplies distribution to Robinhood’s users. Arcus is a separate product from the independent dYdX Chain, which keeps operating on its own with existing funds and positions unaffected. Arcus runs on Robinhood Chain, the EVM-compatible network that Robinhood opened to the public on July 1.

Arcus said it has processed more than $2 billion in trading volume since launch, with average daily volume above $100 million. The company said its tokenized stock products are not available in the United States, the United Kingdom, Canada, and other restricted jurisdictions, reflecting the uneven regulatory treatment of tokenized securities across markets.

As tokenized stocks move from buy-and-hold positions toward collateral for active trading, Arcus is betting that leveraged exposure packaged as a single token finds an audience onchain.

Related Listen: Why Robinhood Chain Saw Memecoins Take Off Before Real World Assets

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

A month has gone by since the last earnings report for Equinix (EQIX - Free Report) . Shares have added about 2.8% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Equinix due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Equinix, Inc. before we dive into how investors and analysts have reacted as of late.

Equinix's Q2 AFFO Beat Estimates on Strong Demand & xScale FeesEquinix reported second-quarter 2026 AFFO per share of $11.78, up 18.9% year over year and above the Zacks Consensus Estimate of $11.25 by 4.71%.

Revenues rose 16.4% to $2.63 billion and surpassed the consensus mark of $2.59 billion by 1.34%. Strong underlying demand and one-time xScale leasing fees supported results. Annualized gross bookings increased 23% year over year to $424 million.

Equinix Recurring Revenues Rise Across RegionsRecurring revenues reached $2.38 billion, up 10.9% from the prior-year quarter. Non-recurring revenues more than doubled to $248 million from $113 million, reflecting the benefit of xScale leasing activity.

Americas’ revenues rose 24.6% year over year to $1.25 billion, with recurring revenues increasing to $1.07 billion. EMEA revenues advanced 10.2% to $845 million, while Asia-Pacific revenues grew 9.1% to $529 million. Normalized and constant-currency monthly recurring revenues increased across all three regions.

Equinix Posts Record Platform ActivityCustomer demand remained broad-based as the company delivered its second-highest quarterly bookings volume on record. Presales activity increased more than 50% year over year, contributing to a record backlog and improving visibility into future revenue growth.

Equinix added a record 9,700 net interconnections during the second quarter. Monthly recurring revenues increased 11% year over year on both an as-reported and normalized constant-currency basis.

Equinix Expands Margins on xScale FeesAdjusted EBITDA climbed 23.6% year over year to $1.40 billion. The adjusted EBITDA margin expanded to a record 53% from 50% in the prior-year quarter, aided by operating execution and one-time xScale fees.

Operating income increased 34.6% to $665 million. The cost of revenues increased 13.5% to $1.23 billion, but revenue growth outpaced the rise.

Equinix Accelerates Capacity InvestmentTotal capital expenditures were $1.58 billion, up from $989 million in the prior-year quarter. Non-recurring expenditures totaled $1.53 billion, including $1.37 billion directed toward IBX data center expansion.

The company had 52 projects underway across 33 markets and accelerated more than 7,000 cabinets previously scheduled for 2027 into the fourth quarter of 2026. Major project openings included facilities in Silicon Valley, Madrid and Milan. More than 85% of retail expansion spending is tied to owned land and owned buildings with long-term ground leases.

Equinix Maintains a Growth-Focused Balance SheetEquinix ended June with $979 million in cash and cash equivalents and $1.25 billion in short-term investments. Available liquidity totaled $7.7 billion, including undrawn revolving credit capacity.

The company reported total gross debt of roughly $22 billion and a net leverage ratio of 3.6 times. During the period, Equinix issued Canadian-dollar notes due in 2030 and 2035 and repaid $700 million of U.S.-dollar notes due in May 2026.

Equinix Raises 2026 & Long-Term OutlookFor the third quarter, management guided revenues to $2.525-$2.575 billion, implying a 9-11% increase year over year. Adjusted EBITDA is expected in the range of $1.275-$1.315 billion, with a margin of 51%.

For 2026, Equinix now expects revenues of $10.205-$10.285 billion, up from the previously guided range of $10.144-$10.244 billion. Adjusted EBITDA is projected between $5.210 billion and $5.270 billion, with a margin of approximately 51%. AFFO per share is expected between $42.69 and $43.29, up from the prior guidance range of $42.31-$43.11.

Management also raised its 2027-2029 outlook. Annual revenue growth is now expected between 10% and 13% compared with the prior range of 7-10%. Annual AFFO per-share growth is projected at 9-12%, while the adjusted EBITDA margin is expected to exceed 53% by 2029.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.

VGM ScoresAt this time, Equinix has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. Following the exact same course, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Equinix has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.