(RTTNews) - Electra Battery Materials Corp. (ELBM), Wednesday announced Chief Financial Officer Marty Rendall's decision to resign from the position to pursue an executive opportunity with a larger organization. However, Rendall will remain with Electra through February to support a smooth transition. The company has commenced a formal search for a permanent successor. Meanwhile, David Allen, who ...
(RTTNews) - Electra Battery Materials Corp. (ELBM), Wednesday announced Chief Financial Officer Marty Rendall's decision to resign from the position to pursue an executive opportunity with a larger organization. However, Rendall will remain with Electra through February to support a smooth transition. The company has commenced a formal search for a permanent successor. Meanwhile, David Allen, who previously served as Electra's CFO from 2023 to late 2024, will return as interim CFO, effective February 28, 2026. In the pre-market hours, ELBM is trading at $0.9596, down 1.07 percent on the Nasdaq. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Corpay ( CPAY ) on Wednesday announced the sale of PayByPhone, a mobile parking payments business, to Lightyear Capital. Terms of the transaction were not disclosed. Shares were -3.34% pre-market to $282.46. "The transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments," said CEO Ron Clarke. The transaction, set to close in the second quarter, is not...
Corpay ( CPAY ) on Wednesday announced the sale of PayByPhone, a mobile parking payments business, to Lightyear Capital. Terms of the transaction were not disclosed. Shares were -3.34% pre-market to $282.46. "The transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments," said CEO Ron Clarke. The transaction, set to close in the second quarter, is not expected to have a material impact on the company's 2026 cash EPS outlook. More on Corpay Corpay Stock: Why We Added To Our Portfolio Corpay, Inc. (CPAY) Presents at Raymond James TMT & Consumer Conference Transcript Corpay, Inc. (CPAY) Presents at UBS Global Technology and AI Conference 2025 Transcript Corpay Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on Corpay
Husqvarna AB press release ( HUSQF ): Q4 GAAP EPS of -SEK1.34. Revenue of SEK7.43B. More on Husqvarna AB (publ) Husqvarna AB (publ) (HSQVY) Q4 2025 Earnings Call Transcript Husqvarna AB (publ) (HSQVY) Analyst/Investor Day - Slideshow Husqvarna AB (publ) (HSQVY) Analyst/Investor Day Transcript Seeking Alpha’s Quant Rating on Husqvarna AB (publ) Historical earnings data for Husqvarna AB (publ)
Husqvarna AB press release ( HUSQF ): Q4 GAAP EPS of -SEK1.34. Revenue of SEK7.43B. More on Husqvarna AB (publ) Husqvarna AB (publ) (HSQVY) Q4 2025 Earnings Call Transcript Husqvarna AB (publ) (HSQVY) Analyst/Investor Day - Slideshow Husqvarna AB (publ) (HSQVY) Analyst/Investor Day Transcript Seeking Alpha’s Quant Rating on Husqvarna AB (publ) Historical earnings data for Husqvarna AB (publ)
The selloff in software stocks on concern that generative artificial intelligence will crush their profits may have gone too far, with global enterprise software company SAP emerging as one unfairly punished example, according to Bank of America. In a Wednesday note, analysts at the bank acknowledged very real risks that generative AI poses to traditional software companies, including the threat o...
The selloff in software stocks on concern that generative artificial intelligence will crush their profits may have gone too far, with global enterprise software company SAP emerging as one unfairly punished example, according to Bank of America. In a Wednesday note, analysts at the bank acknowledged very real risks that generative AI poses to traditional software companies, including the threat of new tools and newer competition, which pressure prices. But analyst Frederic Boulan believes that investors use this slump as an opportunity to accumulate those companies with insulated businesses that remain attractive. Innovative software incumbents are in the best position to build high-value AI agents by leveraging their proprietary datasets, something unavailable to general large language models, Boulan wrote. "Software companies are not equal in front of AI risks. Deep domain expertise and business integration are hard for new entrants to replicate, making complex, mission‑critical platforms like SAP less vulnerable as they embed GenAI using proprietary customer data," the analyst wrote. "Although we believe some segments of the tech ecosystem are bound to be profoundly impacted by Gen AI, we see current levels as attractive for stocks like Buy-rated SAP with strong moats and potential AI upside." The software rout has left SAP, headquartered in Germany but traded in the New York Stock Exchange, priced as though it will suffer a growth shock, or a sharp reset in growth expectations, that is unlikely to occur, Boulan added. "Assuming no changes to our current 2026-2030 forecasts (c. 11% revenue CAGR, c. 15% EBIT CAGR), we estimate the current share price reflects -3% revenue CAGR post 2030, a 14% reduction to 2035, driving a 20% EBIT decline. This would require both a pick up in churn from existing customers (which we view as unlikely) and a stop to the on-premise to cloud migration, which remains less than half way completed," he wrote. Boulan added that as SAP has ...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 21, 2026. Brendan McDermid | Reuters S&P 500 futures were relatively unchanged on Wednesday as traders continued to move out of technology stocks and digested the latest labor market data. Futures linked to the broad market index rose 0.1%, while Dow Jones Industrial Average futures added 108 points, or 0....
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 21, 2026. Brendan McDermid | Reuters S&P 500 futures were relatively unchanged on Wednesday as traders continued to move out of technology stocks and digested the latest labor market data. Futures linked to the broad market index rose 0.1%, while Dow Jones Industrial Average futures added 108 points, or 0.2%. Nasdaq 100 futures dropped 0.4%. In premarket trading, shares of Advanced Micro Devices dropped 9% after its first-quarter forecast underwhelmed some analysts, adding to the recent pressure seen in tech. Other names in the space such as Broadcom and Micron Technology dipped as well. Software stocks also continued to face pressure, with stocks like Oracle and CrowdStrike extending their losses from the prior trading day. "Bottom line, something I said back in late November, the GenAI tech trade is no longer a one way ride. We've transitioned it from 'buy everything' to 'not everyone can win.' I believe we are losing this trade in terms of its ability to carry the market but luckily so far investors have found other things to buy and that includes other parts of the S&P 500, small and mid cap and for sure international stocks," said Peter Boockvar, chief investment officer at One Point BFG Wealth Partners. Meanwhile, ADP on Wednesday released its monthly look at private payroll growth for January, which showed an increase of just 22,000 on the month. That's below the gain of 45,000 jobs that economists polled by Dow Jones had forecast. The release generally precedes the Bureau of Labor Statistics report on nonfarm payrolls, but that won't be out this week due to the partial government shutdown. The shutdown, which began Saturday, officially ended Tuesday, when President Donald Trump signed a funding bill into law. On Tuesday, the major averages sold off as investors gravitated out of riskier growth names and toward cyclical stocks like Walmart . Nvidia and Microsoft each ...
AMD (NASDAQ:AMD) announced it beat Wall Street’s expectations by $600 million. Yet shares plunged 9% premarket, erasing more than $30 billion in market value. The selloff was not panic, it was recognition. The smartest money on Wall Street just figured out that AMD’s entire 2026 growth story depends on six things going perfectly right, and most of them are already going wrong. The company reported...
AMD (NASDAQ:AMD) announced it beat Wall Street’s expectations by $600 million. Yet shares plunged 9% premarket, erasing more than $30 billion in market value. The selloff was not panic, it was recognition. The smartest money on Wall Street just figured out that AMD’s entire 2026 growth story depends on six things going perfectly right, and most of them are already going wrong. The company reported great numbers for the quarter that just ended. But the future quarters? Those are built on switches that don’t ship until next year, memory chips already sold to competitors, and a biggest customer burning through $50 billion annually while scrambling for emergency funding. For retail investors betting on AMD’s AI surge, the key question isn’t “did they beat last quarter?”. It’s “can they execute flawlessly over the next nine months?”. At 40 times forward earnings (40x P/E, the priciest among major chip stocks), AMD’s valuation assumes perfect execution on chip launches, infrastructure rollouts, customer deals, and cost control. Any stumble sends the stock tumbling from 40 times earnings toward 25 to 30 times. That’s potential downside of 25% to 40%. Let’s see what retail investors need to understand about the risks Wall Street is now pricing into AMD’s stock. AMD shares plunged 9% premarket, erasing more than $30 billion in market value. The $390 Million Trick That Fooled No One AMD beat revenue estimates by $600 million in the fourth quarter. Wall Street dug into the details and found something uncomfortable: $390 million came from a one-time windfall in China sales. The Chinese government approved export licenses stuck in bureaucratic limbo. AMD shipped chips it didn’t expect to ship. Then the window closed. For the first quarter of 2026, AMD expects just $100 million in China revenue (a 75% drop). If China stays at that level all year, AMD brings in $400 million instead of the $800 million to $1.2 billion analysts expected. That’s a $400 million to $800 million shortfa...
Meta Platforms is coming off a stellar 2025, thanks to its aggressive investments in artificial intelligence. Nine American companies have amassed valuations of $1 trillion or more, but only four of them have entered the ultra-exclusive $3 trillion club: Nvidia : $4.6 trillion : $4.6 trillion Alphabet : $4.1 trillion : $4.1 trillion Apple : $3.8 trillion : $3.8 trillion Microsoft: $3.2 trillion I ...
Meta Platforms is coming off a stellar 2025, thanks to its aggressive investments in artificial intelligence. Nine American companies have amassed valuations of $1 trillion or more, but only four of them have entered the ultra-exclusive $3 trillion club: Nvidia : $4.6 trillion : $4.6 trillion Alphabet : $4.1 trillion : $4.1 trillion Apple : $3.8 trillion : $3.8 trillion Microsoft: $3.2 trillion I think Meta Platforms (META 1.34%) could join them in the coming years, as artificial intelligence (AI) increases engagement on its social media apps like Facebook and Instagram, which is fueling rapid growth in its operating results. The company has a market capitalization of $1.8 trillion as I write this, so investors who buy Meta stock today could earn a 67% return if it does join the $3 trillion club. AI might soon control the entire social media experience Almost 3.6 billion people use at least one of Meta's social networks every single day. Since that already represents nearly half the planet, it's becoming harder for the company to grow its user base. This poses a risk to its advertising business, where it generates most of its revenue. That's why Meta is now focusing more on increasing engagement instead. It's using tools like AI to learn what type of content each user likes to see on Facebook and Instagram, so it can feed them more of it to keep them online for longer periods of time. This means they see more ads, which ultimately leads to more revenue. During the third quarter of 2025 (ended Sept. 30), AI-powered recommendations drove a 30% increase in the amount of time users spent watching Reels on Instagram (year over year), so this strategy has been a massive success. But Meta CEO Mark Zuckerberg wants to take the AI strategy a step further. He believes every single user will soon have a personalized AI agent that understands their interests, so every time they open Facebook or Instagram, they will be met with an even more specific set of content. He even think...
CIPhotos/iStock via Getty Images Eli Lilly overview Eli Lilly ( LLY ) has just reported a pretty strong 4Q25 beat . Non-GAAP EPS came in at $7.54, passing consensus by about $0.61, and revenue came in at $19.29B. Revenue was up about 42.6% YoY and exceeded expectations by $1.35 billion. Management guided rather bullishly for 2026 revenue to fall in the $80 to 83 billion range, versus the consensus...
CIPhotos/iStock via Getty Images Eli Lilly overview Eli Lilly ( LLY ) has just reported a pretty strong 4Q25 beat . Non-GAAP EPS came in at $7.54, passing consensus by about $0.61, and revenue came in at $19.29B. Revenue was up about 42.6% YoY and exceeded expectations by $1.35 billion. Management guided rather bullishly for 2026 revenue to fall in the $80 to 83 billion range, versus the consensus of $77.6 billion. Elsewhere, non-GAAP EPS is expected to be $33.50 to $35.00, versus the $33.30 figure expected. So overall, we've seen quite strong continuing momentum in their GLP-1 franchise, which is a pretty big contrast to what Novo Nordisk ( NVO ) has shown us in 2025. The big question I wanted answered with this earnings was whether the obesity space is actually broken on a fundamental basis from pricing pressure, or is it the case that Novo is just losing the lead to Lilly’s far superior execution? Overall, I think Lilly’s earnings have answered just that. The obesity market is not broken; rather, the competitive gap is widening a lot more than I expected. Despite some modest price declines, Lilly still delivered 43% revenue growth, with GLP-1 volumes up a hefty 46%. Now, this was mainly driven by Mounjaro and Zepbound, which more than doubled year over year. It seems demand elasticity is remaining strong and that scale, access deals, and even manufacturing capacity now matter more than list price. The data is telling me Novo is losing leadership to Lilly’s operational advantage. Eli Lilly and Company An impressive 4Q25 results from Lilly As you know already, Lilly showed us an exceptionally strong fourth quarter. The results confirmed the continued demand for its incretin franchise and also some pretty robust execution across multiple fronts. Revenue for 4Q25 came in at about $19.29 billion, which was a 43% increase year-over-year from the $13.53 billion we saw in 4Q24. Now, this was mainly driven by a hefty 46% rise in volume that more than offset a slight 5% de...
RiverNorthPhotography/iStock Unreleased via Getty Images T. Rowe Price Group ( TROW ) shares slid 3.7% in Wednesday premarket trading after the asset management giant turned in a double-miss on headline Q4 2025 numbers, hampered by swelling net client outflows. Q4 adjusted EPS of $2.44, falling short of the $2.46 average analyst estimate, dropped from $2.81 in the prior quarter but rose from $2.12...
RiverNorthPhotography/iStock Unreleased via Getty Images T. Rowe Price Group ( TROW ) shares slid 3.7% in Wednesday premarket trading after the asset management giant turned in a double-miss on headline Q4 2025 numbers, hampered by swelling net client outflows. Q4 adjusted EPS of $2.44, falling short of the $2.46 average analyst estimate, dropped from $2.81 in the prior quarter but rose from $2.12 a year earlier. Net revenue of $1.93B, vs. $1.94B consensus, advanced from $1.89B in Q3 and $1.83B in Q4 2024. Assets under management totaled $1.78T at Dec. 31, 2025, up from $1.77T at the end of Q3 and $1.61T in the year-ago quarter. Market appreciation and income added $16.3B to AUM during the three-month period (vs. $89.1B in Q3). Meanwhile, n et client outflows totaled $25.5B in Q4, mainly driven by $23.2B of equity outflows, compared with $7.9B of net outflows in Q3. Investment advisory fees increased 2.3% Q/Q and 4.2% Y/Y to $1.74B, matching the Visible Alpha consensus. Administrative, distribution, and servicing fees of $141.5M fell 3.3% sequentially and 1.2% Y/Y. Adjusted operating expenses of $1.25B drifted up from $1.13B in Q3 and $1.22B in Q4 2024. Net gains on investments of $105.9M vs. $161.2M in Q3 and $44.7M in 2024's Q4. During Q4, T. Rowe ( TROW ) returned $426M from dividends and share buybacks. More on T. Rowe Price T. Rowe Price: Structural Issues Aren't Easy To Fix T. Rowe Price: An Undervalued, Debt-Free Dividend Aristocrat T. Rowe Price Q4 2025 Earnings Preview First Abu Dhabi Bank partners with T. Rowe Price across the GCC Seeking Alpha’s Quant Rating on T. Rowe Price
PrimeGen US to merge with DT Cloud Star Acquisition Corporation ( Nasdaq: DTSQ ), a SPAC, in a deal valuing PrimeGen at around $1.5B. This move aims to fund clinical trials, regulatory efforts, and potential commercialization of its regenerative medicine programs, like treatments for acute liver failure using its Triple Activated MSC platform. PrimeGen US is a regenerative medicine company develop...
PrimeGen US to merge with DT Cloud Star Acquisition Corporation ( Nasdaq: DTSQ ), a SPAC, in a deal valuing PrimeGen at around $1.5B. This move aims to fund clinical trials, regulatory efforts, and potential commercialization of its regenerative medicine programs, like treatments for acute liver failure using its Triple Activated MSC platform. PrimeGen US is a regenerative medicine company developing Triple Activated Mesenchymal Stem Cells as a novel, cell-based treatment for acute liver injury and related critical conditions. The closing is targeted for H2 2026. More on DT Cloud Star Acquisition Corporation Seeking Alpha’s Quant Rating on DT Cloud Star Acquisition Corporation Financial information for DT Cloud Star Acquisition Corporation
Washington Post editor in chief Matt Murray on Wednesday morning announced internally a “broad strategic reset” that will result in “significant” layoffs across the company. Staffers at the Post have been on edge for weeks about the rumored cuts, which the publication would not confirm or deny. Leading up to Wednesday’s cuts, the atmosphere in the newspaper was “funereal”, one employee, who was no...
Washington Post editor in chief Matt Murray on Wednesday morning announced internally a “broad strategic reset” that will result in “significant” layoffs across the company. Staffers at the Post have been on edge for weeks about the rumored cuts, which the publication would not confirm or deny. Leading up to Wednesday’s cuts, the atmosphere in the newspaper was “funereal”, one employee, who was not authorized to speak publicly, said. Employees received an email on Wednesday morning asking them to attend a Zoom meeting at 8.30am after which they will learn their fate via email. During the meeting, Murray told employees that the Post was undergoing a “strategic reset” to better position the publication for the future, according to several employees who were on the call. Murray acknowledged that the Post has struggled to reach “customers” and talked about the competitive media marketplace. “Today, the Washington Post is taking a number of actions across the company to secure our future,” he said. Murray told employees that the Post was ending the current iteration of its popular sports desk, though some employees will remain on a new team. The Post is also restructuring its local coverage, reducing its international reporting operation, and suspending its flagship daily news podcast Post Reports. It’s not yet known how many employees will be laid off. After years of growth under owner Jeff Bezos, the tech billionaire behind Amazon, the Post has been shedding staff over the last few years. About 240 staffers left via buyouts offered at the end of 2023, and another chunk of staffers took buyouts last year, which were offered to any employee with more than 10 years of experience. Layoffs, particularly of journalists in the newsroom, have been less common. In fall 2024, the Post laid off 54 employees from the division responsible for its proprietary publishing software, and in January 2025, the Post laid off about 4% of staffers who worked in advertising, marketing and pri...
Sundry Photography Cloudflare ( NET ) shares rose 1.8% in premarket trading on Wednesday after BTIG upgraded the content security company, citing “positive checks on multiple fronts.” “Over the last couple of weeks, we spoke to five partners with a view on $100MM+ in combined annual NET sales,” analyst Gray Powell wrote in a note to clients. “Our field checks were consistently strong on multiple f...
Sundry Photography Cloudflare ( NET ) shares rose 1.8% in premarket trading on Wednesday after BTIG upgraded the content security company, citing “positive checks on multiple fronts.” “Over the last couple of weeks, we spoke to five partners with a view on $100MM+ in combined annual NET sales,” analyst Gray Powell wrote in a note to clients. “Our field checks were consistently strong on multiple fronts. We think the company’s long-term growth opportunity in its core web application protection market is underappreciated. We see NET rapidly gaining share in Zero Trust / SASE. And momentum on developer services has clearly been building throughout 2025 and into 2026. Based on our product-level analysis, we think NET can conservatively sustain high 20’s revenue growth through 2028.” Powell raised his rating on Cloudflare to Buy from Neutral and put a $199 price target on the stock. Delving deeper, Powell said that recent checks were positive “across the majority of our discussions and improved from last quarter.” He also mentioned that two of the largest partners saw an acceleration in their business with Cloudflare in the fourth quarter. “In addition, other contacts offered positive directional commentary on NET and various product initiatives,” Powell added. More on CloudFlare Cloudflare: Q4 Expectations Are On The Higher Side, While Valuations Look Concerning Cloudflare's Quiet Enterprise Inflection Cloudflare: Crashing Back To Reality Enterprise software stocks tumble as analysts mull growth acceleration amid AI impact Cloudflare soars as AI chatbot running on its infrastructure goes viral
Image source: The Motley Fool. Wednesday, February 4, 2026 at 8 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Meredith Kopit Levien Executive Vice President and Chief Financial Officer — William Bardeen Senior Vice President, Investor Relations and Corporate Development — Anthony DiClemente Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net New Digit...
Image source: The Motley Fool. Wednesday, February 4, 2026 at 8 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Meredith Kopit Levien Executive Vice President and Chief Financial Officer — William Bardeen Senior Vice President, Investor Relations and Corporate Development — Anthony DiClemente Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net New Digital Subscribers -- 1,400,000 additions for the year, with 450,000 added in the fourth quarter, resulting in a total subscriber count of 12,800,000. -- 1,400,000 additions for the year, with 450,000 added in the fourth quarter, resulting in a total subscriber count of 12,800,000. Total Digital Revenues -- Surpassed $2 billion for the first time during the year. -- Surpassed $2 billion for the first time during the year. Digital Subscription Revenue Growth -- Increased approximately 14% year over year, reaching $382 million in the fourth quarter. -- Increased approximately 14% year over year, reaching $382 million in the fourth quarter. Total Subscription Revenues -- Grew approximately 9% year over year to $510 million in the fourth quarter, aligning with prior guidance. -- Grew approximately 9% year over year to $510 million in the fourth quarter, aligning with prior guidance. Digital Advertising Revenue Growth -- Increased approximately 25% in the fourth quarter to $147 million, outperforming internal guidance. -- Increased approximately 25% in the fourth quarter to $147 million, outperforming internal guidance. Total Advertising Revenues -- Rose 16% in the fourth quarter, supported by higher digital advertising and broad portfolio contribution. -- Rose 16% in the fourth quarter, supported by higher digital advertising and broad portfolio contribution. Affiliate Licensing and Other Revenues -- Grew 5.5% in the fourth quarter to $100 million, primarily due to higher licensing revenues and tracking with prior guidance. -- Grew 5.5% in the fourth quarter to $100 million, primar...
Lemon_tm/iStock via Getty Images Introduction My story with Super Micro Computer, Inc. ( SMCI ) goes way back before the short report and the volatility that came afterwards. I exited my position at a small loss, for an average price of about $42, if I remember correctly, and I think it was a great decision. Since then, the stock went higher, but only briefly, and now, even after an almost 11% jum...
Lemon_tm/iStock via Getty Images Introduction My story with Super Micro Computer, Inc. ( SMCI ) goes way back before the short report and the volatility that came afterwards. I exited my position at a small loss, for an average price of about $42, if I remember correctly, and I think it was a great decision. Since then, the stock went higher, but only briefly, and now, even after an almost 11% jump on the latest earnings beat , this stock trades at less than $33. Price Before The Market The problem is that the market looks at the headlines without missing all of the red flags we see this quarter with SMCI specifically. The industry is doing great, it’s expanding with enormous speed, but SMCI is not doing that well. Today, I will explain why the stock surges, and why, in fact, it was supposed to plunge. Q2 '26 earnings Super Micro Computer has just reported Q2 '26 earnings , and the headline results look incredible - record revenue of $12.7 billion, which is a substantial improvement from $5.0 billion in Q1 '26 and $5.7 billion in Q2 '25. The management gave guidance that the market did not expect to see, either. It guided for Q3 net sales of $12.3 billion and full-year 2026 revenue of at least $40 billion. The books of SMCI look like the books of a rapidly growing business - accounts receivable (sales the company made on credit) skyrocketed since June 2025 from $2.2 billion to $11 billion, which represents a change of about 400%, and accounts payable (money the company owns to suppliers for the inventory) from $1.3 billion to $13.7 billion, which is a growth of almost 1000%. They are buying a lot more inventory and selling a lot more product, exactly as a good business should do. Q2 Press Release These numbers resulted in the stock of the company jumping 8.5% as the results first came in, but I look at this reaction with a fair amount of skepticism. The demand is absolutely there, it is growing, and why wouldn’t it grow? Hyperscalers’ CapEx goes through the roof, an...
Dragon Claws Lumentum's ( LITE ) second quarter fiscal 2026 results and outlook prompted its shares to spike as analysts noted capital expenditures related to artificial intelligence and new product lines continue to drive growth. "We see the unprecedented demand for AI network infrastructure as the key long-term growth driver," said Needham analysts, led by Ryan Koontz, in an investor note. "Deep...
Dragon Claws Lumentum's ( LITE ) second quarter fiscal 2026 results and outlook prompted its shares to spike as analysts noted capital expenditures related to artificial intelligence and new product lines continue to drive growth. "We see the unprecedented demand for AI network infrastructure as the key long-term growth driver," said Needham analysts, led by Ryan Koontz, in an investor note. "Deep vertical integration from its own production infrastructure and global scale provides strong operating leverage … Shares should continue to trend higher as AI momentum persists and the company capitalizes on multiple growth vectors." Needham also highlighted additional growth opportunities through new product lines, including optical circuit switches and co-packaged optics. "Among new product lines, OCS systems and CPO laser orders saw material order increases and accelerated availability to C2H26 and C1H27, respectively," Koontz added. Needham bulked up its price target to $550 from $470 and reiterated its Buy rating. Meanwhile, B. Riley Securities upgraded Lumentum to Buy from Neutral and nearly quadrupled its price target to $526 from $147. "The strength was across the board, including EMLs, pumps, and ITLAs," said B. Riley analyst Dave Kang in a note. "With demand for laser chips exceeding supply by 25–30%, LITE has strategically front-loaded a 40% expansion of its InP capacity. Management indicated that this is only the initial phase, with further modular expansions planned throughout CY26." "While LITE already benefits from several secular tailwinds, we see a path for outsized growth driven by two specific near-term catalysts: the rapid scaling of OCS in C2H26, followed by the rapid CPO ramp beginning in early CY27," he added. Finally, GF Securities maintained its Buy rating and also highlighted the new opportunities emerging through OCS and CPO. "We previously identified three primary catalysts for Lumentum's future growth: cloud transceivers, optical circuit switch...