(RTTNews) - Intensified geopolitical tensions amid an exchange of fire between the U.S. and Iran swayed market sentiment on Friday. Markets also digested the results of the recent elections in the U.K. The FTSE 100 benchmark of the London Stock Exchange has declined on Friday.
(RTTNews) - Intensified geopolitical tensions amid an exchange of fire between the U.S. and Iran swayed market sentiment on Friday. Markets also digested the results of the recent elections in the U.K. The FTSE 100 benchmark of the London Stock Exchange has declined on Friday.
Tesla is recalling its RWD Cybertruck Long Range over faulty brake rotors that could cause the wheels to fall off, as spotted earlier by MotorTrend . In a notice on the National Highway Traffic Safety Administration's website, Tesla says "brake rotor stud holes may crack and allow the stud to separate from the wheel hub." The recall affects all 173 of the $70,000 Cybertrucks sold by Tesla, which c...
Tesla is recalling its RWD Cybertruck Long Range over faulty brake rotors that could cause the wheels to fall off, as spotted earlier by MotorTrend . In a notice on the National Highway Traffic Safety Administration's website, Tesla says "brake rotor stud holes may crack and allow the stud to separate from the wheel hub." The recall affects all 173 of the $70,000 Cybertrucks sold by Tesla, which come with 18-inch steel wheels. The company notes that it has identified three warranty claims potentially linked to the issue, but it's "not aware of any collisions, fatalities, or injuries" related to the recall. This is the 11th Cybertruck recall … Read the full story at The Verge.
Earnings Call Insights: CoreCivic (CXW) Q1 2026 Management view "Total occupancy for our Safety and Community segments for the quarter was 79.6%, up 2.6 points since the year ago quarter." (President, CEO & COO Patrick Swindle) "Federal partners, primarily ICE and the U.S. Marshals Service, comprised 58% of CoreCivic's total revenue in the first quarter." (President, CEO & COO Swindle) "Revenue fr...
Earnings Call Insights: CoreCivic (CXW) Q1 2026 Management view "Total occupancy for our Safety and Community segments for the quarter was 79.6%, up 2.6 points since the year ago quarter." (President, CEO & COO Patrick Swindle) "Federal partners, primarily ICE and the U.S. Marshals Service, comprised 58% of CoreCivic's total revenue in the first quarter." (President, CEO & COO Swindle) "Revenue from our federal partners increased 48% during the first quarter of 2026 compared with the prior year quarter." (President, CEO & COO Swindle) "Since the end of January 2026, when our ICE populations peaked through April 30, ICE populations in our care have declined by roughly 3,000 individuals." (President, CEO & COO Swindle) "We believe this decline is temporary and event-specific." (President, CEO & COO Swindle) "We currently expect this facility to contribute approximately $0.05 to $0.06 in incremental earnings per share for the remainder of 2026, which is included in our updated financial guidance." (President, CEO & COO Swindle) "In April 2026, we executed on an agreement to acquire Clinical Solutions Pharmacy, one of the largest providers of mail order pharmacy services to correctional facilities in the United States." (President, CEO & COO Swindle) "This ancillary business complements our core mission... while providing a diversifying revenue stream and meaningful growth opportunities as correctional populations age with more complex and chronic medical needs." (President, CEO & COO Swindle) "In the first quarter of 2026, we generated GAAP EPS of $0.38 per share and FFO per share of $0.64." (Executive VP & CFO David Garfinkle) "Excluding M&A expenses, adjusted EPS was $0.40 compared with $0.23 in the first quarter of 2025." (Executive VP & CFO Garfinkle) Outlook "We expect to generate diluted EPS of $1.51 to $1.61 and adjusted diluted EPS of $1.53 to $1.63, up from $1.49 to $1.59 in our previous guidance." (Executive VP & CFO Garfinkle) "We expect adjusted EBITDA of $...
Earnings Call Insights: Forward Air Corporation (FWRD) Q1 2026 Management view “We are in discussions with one of our largest customers to transition a significant portion of their business to other” providers, and management said the “timing thereof are still being discussed,” but the company is “currently anticipating that the majority of what will ultimately transition will start in early 2027 ...
Earnings Call Insights: Forward Air Corporation (FWRD) Q1 2026 Management view “We are in discussions with one of our largest customers to transition a significant portion of their business to other” providers, and management said the “timing thereof are still being discussed,” but the company is “currently anticipating that the majority of what will ultimately transition will start in early 2027 and take place throughout the balance of the year” (President, CEO & Director Shawn Stewart). Stewart tied the customer situation to customer-side strategy, saying, “we believe this has little, if anything, to do with the impeccable level of service that we provide them and more about their own internal diversification strategy,” while adding, “we are still in active discussions to retain as much of the business as possible.” Stewart updated the strategic alternatives review, stating that after the board’s January 2025 process, “no actionable proposals for sale of the company were received,” and the company is “pivoting our focus to pursue a sale of noncore assets, including our Intermodal segment and 2 of our smaller legacy Omni businesses, which in aggregate represent approximately $394 million of our 2025 revenue.” Stewart framed the goal of asset sales as deleveraging and refocusing: “These targeted sales are intended to advance our efforts to delever the balance sheet and further focus our services around the core of what we do every single day.” “We reported consolidated EBITDA of $70 million in the first quarter compared to $73 million in the first quarter of '25,” and “on an LTM basis, consolidated EBITDA was $304 million” (Chief Financial Officer Jamie Pierson). Outlook Management did not provide formal EPS or revenue guidance in the transcript, and Pierson reiterated a reluctance to guide on near-term trends: “at the risk of not giving guidance.” On the large-customer transition, Pierson said, “we don't see any meaningful impacts to the current year,” and added, “...
Earnings Call Insights: Yelp (YELP) Q1 2026 Management view "Yelp continued to accelerate its AI transformation in the first quarter" and "our progress in the quarter resulted in the recent rollout of more than 35 new features and updates, including a new Yelp Assistant that now works across all categories" (Co-Founder, CEO & Director Jeremy Stoppelman). "First quarter net revenue increased by 1% ...
Earnings Call Insights: Yelp (YELP) Q1 2026 Management view "Yelp continued to accelerate its AI transformation in the first quarter" and "our progress in the quarter resulted in the recent rollout of more than 35 new features and updates, including a new Yelp Assistant that now works across all categories" (Co-Founder, CEO & Director Jeremy Stoppelman). "First quarter net revenue increased by 1% year-over-year to $361 million with a net income margin of 5% and an adjusted EBITDA margin of 22%" and "Services Ad revenue increased by 1% year-over-year and RR&O ad revenue decreased by 11% year-over-year" (CEO Stoppelman). "Other revenue grew 75% year-over-year" as Yelp increased focus on "AI-driven revenue streams" including "Yelp Host, Hatch and data licensing" (CEO Stoppelman). "Yelp Assistant connected more consumers and service pros than ever before, with its growing adoption accounting for approximately 15% of Request-A-Quote projects" (CEO Stoppelman). "Our team continued to scale Yelp Host, our AI-powered call answering service for restaurants, which surpassed an annual run rate of 1.5 million calls handled in April, more than doubling from January" and "we estimate there is a market opportunity of over $1 billion in the United States for Yelp Host" (CEO Stoppelman). "We also accelerated our strategy in this area for Services businesses through the acquisition of Hatch in February" and "Hatch's annual run rate revenue exceeded $34 million in March, up 92% year-over-year" (CEO Stoppelman). "Other revenue increased by 75% year-over-year to a record $29 million" and "in the first quarter, we repurchased $125 million worth of shares at an average price of $24.58 per share" (Chief Financial Officer David Schwarzbach). Outlook "We anticipate second quarter net revenue will be in the range of $363 million to $368 million" and "for the full year, we continue to expect net revenue will be in the range of $1.455 billion to $1.475 billion" (CFO Schwarzbach). "We anticipate...
Earnings Call Insights: CarGurus (CARG) Q1 2026 Management View "We delivered strong financial results in the first quarter with 15% year-over-year revenue growth to $244 million and adjusted EBITDA up 17% year-over-year with a margin of 33%" (CEO, CFO Jason Trevisan). "This performance was driven by premium tier adoption, greater usage of our AI-powered products, lead growth and net dealer additi...
Earnings Call Insights: CarGurus (CARG) Q1 2026 Management View "We delivered strong financial results in the first quarter with 15% year-over-year revenue growth to $244 million and adjusted EBITDA up 17% year-over-year with a margin of 33%" (CEO, CFO Jason Trevisan). "This performance was driven by premium tier adoption, greater usage of our AI-powered products, lead growth and net dealer additions" (CEO, CFO Trevisan). "That strength was especially evident internationally in our U.K. and Canada markets, where revenue grew 39% year-over-year" (CEO, CFO Trevisan). "PriceVantage...has already reached several hundred paying dealers since its October launch" (CEO, CFO Trevisan). "Shopper Signals...has...over 8,000 dealers engaging with the feature since its mid-April launch" (CEO, CFO Trevisan). "In Q1, we launched the CarGurus app inside ChatGPT, becoming the first automotive marketplace in the U.S. to integrate live local inventory directly into the platform" (CEO, CFO Trevisan). "Since Q4, daily lot visits have grown 67%" (CEO, CFO Trevisan). "Since 2022, we have repurchased approximately $896 million worth of shares or about 29% of our shares outstanding" (CEO, CFO Trevisan). "In 2026, our Board authorized a new $250 million share repurchase program through year-end" (CEO, CFO Trevisan). Outlook "We expect our second quarter revenue to be in the range of $247 million to $252 million" (CEO, CFO Trevisan). "For the second quarter, we expect our non-GAAP adjusted EBITDA to be in the range of $77.5 million to $85.5 million" (CEO, CFO Trevisan). "We expect second quarter non-GAAP earnings per share to be in the range of $0.57 to $0.64" (CEO, CFO Trevisan). "We are reiterating that we expect 2026 revenue to grow in the range of 10% to 13% year-over-year" (CEO, CFO Trevisan). "We still expect full year non-GAAP adjusted EBITDA margins to compress approximately 1.5 to 2.5 percentage points in 2026 relative to 2025" (CEO, CFO Trevisan). The prompt included an analysts-esti...
Fastly ( FSLY ) was upgraded at Raymond James on Friday after the technology company reported first-quarter results. Shares rose 3.9% in early trading. “We are upgrading shares of Fastly ( FSLY ) to Outperform from Market Perform following 1Q results,” analyst Frank Louthan wrote in a note to clients. “We believe the company has seen an inflection in its operational performance and can continue to...
Fastly ( FSLY ) was upgraded at Raymond James on Friday after the technology company reported first-quarter results. Shares rose 3.9% in early trading. “We are upgrading shares of Fastly ( FSLY ) to Outperform from Market Perform following 1Q results,” analyst Frank Louthan wrote in a note to clients. “We believe the company has seen an inflection in its operational performance and can continue to benefit from the increased demand for their network capabilities as well as related security products. Traffic increases from AI are likely to continue to benefit delivery networks with more advanced capabilities than the less dynamic do-it-yourself (DIY) CDNs some customers build for simpler traffic. Additionally, Fastly's network runs through major interconnected data centers that will capture incremental traffic as AI and inference-related traffic evolves.” In addition to the upgrade, Louthan put a $23 price target on Fastly. More on Fastly Fastly, Inc. (FSLY) Q1 2026 Earnings Call Transcript Fastly, Inc. 2026 Q1 - Results - Earnings Call Presentation Fastly Is Finally Earning Its Premium Fastly free falls despite Q1 beat as growth likely decelerates throughout year: analysts Fastly stock tumbles despite earnings beat, raised guidance
Earnings Call Insights: Puma Biotechnology (PBYI) Q1 2026 Management view “Today, Puma reported total revenue for the first quarter of 2026 of $44.8 million,” said Founder, Chairman, President, CEO & Secretary Alan Auerbach, adding that “product revenue net was $42 million” and that results “were impacted by approximately $7.9 million of inventory drawdown at our specialty pharmacies and specialty...
Earnings Call Insights: Puma Biotechnology (PBYI) Q1 2026 Management view “Today, Puma reported total revenue for the first quarter of 2026 of $44.8 million,” said Founder, Chairman, President, CEO & Secretary Alan Auerbach, adding that “product revenue net was $42 million” and that results “were impacted by approximately $7.9 million of inventory drawdown at our specialty pharmacies and specialty distributors.” Auerbach highlighted clinical updates for alisertib, including that in ALISCA-Lung1 (small cell lung cancer) the company “amended to increase the dose to 60-milligram BID, and the company is now in the process of increasing the dose to 70 milligrams BID,” and that it is “continuing to dose escalate to 70 milligrams, and we hope to begin enrollment of the 70-milligram cohort in the second half of 2026.” For ALISCA-Breast1 (HER2-negative, ER-positive breast cancer), Auerbach said the company “is going to be expanding the enrollment in the trial to obtain more data on the biomarker-focused cohorts with a focus in the patients who are PIK3CA wild-type, ESR1 mutant or both,” and “anticipates that this will occur in the second half of 2026.” On the base business, Senior Vice President of Sales Roger Storms said “Q1 2026 call activity increased 44% year-over-year and 14% quarter-over-quarter,” and that “in Q1 2026, about 58% of our business was purchased through the SP channel and the remaining 42% was purchased through the SD channel,” with “stronger growth in the SD channel, driven mainly by increased sales in the group purchasing organizations or GPO segment.” “For the first quarter of 2026, we reported a net loss based on GAAP of $3.8 million or $0.07 per share,” said CFO & Principal Accounting Officer Maximo F. Nougues. Outlook Nougues raised full-year 2026 NERLYNX net product revenue guidance: “Puma anticipates that net NERLYNX product revenue will be in the range of $202 million to $206 million, higher than our prior guidance of $194 million to $198 million....
Rigetti Computing (RGTI ) will report its results for the first quarter on Monday, after markets close. Wall Street expects the company to post a loss of 4 cents , on revenue of $4.13M. During the quarter Rigetti drew investor attention after U.S. senators introduced a bipartisan quantum bill and analysts highlighted the long-term potential of quantum computing despite the sector remaining in its ...
Rigetti Computing (RGTI ) will report its results for the first quarter on Monday, after markets close. Wall Street expects the company to post a loss of 4 cents , on revenue of $4.13M. During the quarter Rigetti drew investor attention after U.S. senators introduced a bipartisan quantum bill and analysts highlighted the long-term potential of quantum computing despite the sector remaining in its early stages. The company later secured an $8.4 million order for a 108-qubit quantum computer, leading to bullish analyst initiations and higher price targets, although sentiment weakened after a delay to its Cepheus-1-108Q system. Quantum computing stocks subsequently came under pressure as markets turned risk-off and bearish bets on the sector increased. It also outlined plans to invest up to $100 million in the U.K., announced the sale of a Novera QPU system to a Canadian university, and reaffirmed its target of developing a system with more than 1,000 qubits by the end of 2027. According to Seeking Alpha’s Quant Rating system, RGTI is rated Sell with an overall score of 2.05 out of 5, reflecting a B in terms of growth, but it has a D in terms of profitability. A recent Seeking Alpha analysis said the company’s cash reserves, debt-free balance sheet, and in-house manufacturing capabilities could help support its long-term quantum computing roadmap despite near-term financial pressure from weak revenue and rising costs. It further added that “the forward valuation multiples leave no margin for execution errors.” Over the past year, RGTI has beaten EPS estimates 50% of the time and has beaten revenue estimates 50% of the time. Over the last three months, EPS estimates have seen no upward revisions and four downward revisions, while revenue estimates have seen three upward revisions and four downward revisions. Shares have fallen around 17% so far this year. More on Rigetti Computing Rigetti's Hidden Edge The Market Ignores IonQ's Edge Over Rigetti Widens, But Market Timin...
Just_Super/E+ via Getty Images Thesis Tenable Holdings, Inc. ( TENB ) is basically in the business of helping companies find their weak spots before hackers do across cloud, IT, and identity environments. It's been just over a year since I last covered them and downgraded the shares to a Hold . Although the business continued to perform well and maintained strong underlying fundamentals, I felt gr...
Just_Super/E+ via Getty Images Thesis Tenable Holdings, Inc. ( TENB ) is basically in the business of helping companies find their weak spots before hackers do across cloud, IT, and identity environments. It's been just over a year since I last covered them and downgraded the shares to a Hold . Although the business continued to perform well and maintained strong underlying fundamentals, I felt growth was beginning to slow. Not to mention, with some of their revenue coming from federal spending, it added another layer of uncertainty. Add to that the risks associated with integrating Vulcan Cyber , and I just didn't see enough upside to become more bullish. TENB's horrible momentum since March 25' - 5Y view (Seeking Alpha) Since my call, the stock has been brutal, down roughly 46%, badly trailing the broader market ( SP500 ), which has gained about 21% over the same stretch. Considering that, after breaking down Tenable's latest earnings, I'm leaning bullish again because the stock looks too punished relative to the quality of the business, even if the growth story still needs clearer proof. Is Tenable At The Center Of The Next Security Cycle? Seeking Alpha Revenue : $262.1M (+9.6% YoY) Revenue beat: +$3.14M vs expectations Recurring revenue mix: 96% New enterprise customers added: 406 (+12.5% YoY) Tenable One mix of new business: 41% (vs. 33% YoY) Tenable's quarter wasn't a blowout, but not bad either. The company beat revenue expectations. A lot of that came from existing customers renewing, new customers signing on, and more people adopting Tenable One, its flagship product. Consulting revenue also helped. This is a good indication of how well the company is executing, but it doesn't mean there is a sudden surge in demand for its products. Keep in mind, the bulk of Tenable's revenue comes from recurring subscription contracts, which is nice and predictable; but the main issue is whether Tenable's newer platform can grow fast enough to offset slower growth in its o...
Every so often, a tribalistic cry goes out to the community of zealots and space geeks who invest in and obsess over an obscure satellite company called AST SpaceMobile Inc. It’s in essence a rally-around-the-stock moment when it’s plunging. In the vernacular of the SpaceMob, as they call themselves, this is a Kook Bottom, and it starts, naturally, with the Kook. An anonymous oddball of a characte...
Every so often, a tribalistic cry goes out to the community of zealots and space geeks who invest in and obsess over an obscure satellite company called AST SpaceMobile Inc. It’s in essence a rally-around-the-stock moment when it’s plunging. In the vernacular of the SpaceMob, as they call themselves, this is a Kook Bottom, and it starts, naturally, with the Kook. An anonymous oddball of a character, the Kook plays the role of rah-rah bull on most days, firing off posts on X, one after the other, to remind the mob that AST will soon grow into a cash-minting powerhouse with a satellite business that can go toe-to-toe with Elon Musk ’s SpaceX. It’s this unbridled energy — from the Kook and the entire 50,000-strong SpaceMob community — that has improbably turned AST into one of the most expensive stocks in the world. Its market value has swollen to $25 billion, making it bigger than nearly a third of the companies in the S&P 500 despite the fact that its annual revenue, at $71 million, is just a fraction of what those companies rake in. There’s a gravity-defying quality to the whole thing, which makes the stock prone to sudden crashes. If acute enough and long-lasting enough, they can even rattle the Kook himself — to the point where, in a moment of desperation, he begs for an end to all the losses by posting a rendering of the naked rear end of his namesake avatar: the Cardiff Kook surfer statue in California. (Hence the Kook Bottom name.) Excited chatter among the mob quickly ensues — “finally,” “the end is nigh” and so on — which, in turn, is often followed by a steady burst of buy orders that nudge the stock right back up. “There’s tons of eccentric people in the mob,” explains Tanner Ottaway, a 34-year-old oil engineer who’s sunk most of his life savings into AST. “You know, if you’re called a mob, that’s going to happen.” But the Kook, Ottaway says, is the straw that stirs the drink. “He definitely creates that energy.” Over the past decade, any number of meme sto...
A relatively unknown SpaceX rival has rallied 6,000%, powered by a mob of zealots and a stock guru known as the Kook. Sana Pashankar has more. (Source: Bloomberg)
A relatively unknown SpaceX rival has rallied 6,000%, powered by a mob of zealots and a stock guru known as the Kook. Sana Pashankar has more. (Source: Bloomberg)