Arsenii Palivoda AppLovin ( APP ) was in focus on Monday as investment firm Needham upgraded the mobile software company on the back of bullish data. Shares rose 2.3% in premarket trading. “We upgrade APP to Buy [from Hold] and establish a $700 PT following additional work on ecommerce giving us more confidence in the trajectory of ecommerce revenue growth in '26E coming at the same time the stock...
Arsenii Palivoda AppLovin ( APP ) was in focus on Monday as investment firm Needham upgraded the mobile software company on the back of bullish data. Shares rose 2.3% in premarket trading. “We upgrade APP to Buy [from Hold] and establish a $700 PT following additional work on ecommerce giving us more confidence in the trajectory of ecommerce revenue growth in '26E coming at the same time the stock has pulled back off the highs a month ago,” Needham analyst Bernie McTernan wrote in a note to clients. “We are increasing our ecommerce estimates for '26E to $1.45B vs. $1.05B prior, which includes sequential growth in 1Q as we now assume the growth in advertisers from the self-service launch and ramp up in spend more than offsets typical 1Q seasonality. Despite the increase to our ecommerce estimates, we think there is potential upside to our estimates in our bull case, which assumes APP revenue can experience a similar trajectory as TikTok.” More on AppLovin AppLovin: Thesis Largely Played Out, Downgrade To Sell AppLovin: Expectation Risk Is The Real Story Behind This Hold AppLovin: Volatility Hits Software, But Don't Be Fooled By The Market Enterprise software stocks follow larger market down; AppLovin, Unity lead declines AppLovin in focus as Evercore starts with Outperform rating
EvgeniyShkolenko Forgent Power Solutions ( FPS ), a company that designs and builds electrical systems for data centers, filed to go public in a deal that could raise as much as $1.62 billion, underscoring investor appetite for businesses tied to artificial intelligence infrastructure. The Dayton, Minnesota-based company plans to offer 56 million shares priced between $25 and $29 each, according t...
EvgeniyShkolenko Forgent Power Solutions ( FPS ), a company that designs and builds electrical systems for data centers, filed to go public in a deal that could raise as much as $1.62 billion, underscoring investor appetite for businesses tied to artificial intelligence infrastructure. The Dayton, Minnesota-based company plans to offer 56 million shares priced between $25 and $29 each, according to regulatory filings submitted Monday. At the high end of that range, Forgent ( FPS ) would be valued at roughly $8.8 billion based on the shares outstanding after the offering. The company produces critical power equipment used in data centers, including transformers, switchboards and power distribution units. Such facilities depend on uninterrupted and highly reliable electricity to support long periods of continuous operation. Private equity firm Neos Partners formed Forgent ( FPS ) in 2023 and expanded the platform through a series of acquisitions completed in 2023 and 2024. Even after the IPO, Neos is expected to retain majority voting control of the company. The planned listing comes amid a surge of investor interest in companies positioned to benefit from accelerating spending on artificial intelligence and cloud infrastructure. OpenAI alone has said it expects to invest more than $1 trillion in AI-related infrastructure over time. Shares of cloud infrastructure provider CoreWeave ( CRWV ) have climbed sharply since its $1.57 billion IPO earlier this year. Forgent ( FPS ) operates manufacturing facilities across Minnesota, Texas, Maryland, California and Mexico, and employed approximately 2,000 full-time workers as of Sept. 30. Financially, the company reported net income of $10 million on revenue of $283 million for the three months ended Sept. 30, compared with $6.3 million in profit on $154 million of revenue during the same period last year, according to prior filings. Forgent ( FPS ) expects its shares to trade on the New York Stock Exchange under the ticker sym...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Ursula Marchioni, EMEA Head of Investment and Portfolio Solutions, BlackRock; Mujtaba Rahman, Europe Managing Director,...
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Ursula Marchioni, EMEA Head of Investment and Portfolio Solutions, BlackRock; Mujtaba Rahman, Europe Managing Director, Eurasia Group; Huw van Steenis, Partner and Vice Chair, Oliver Wyman. (Source: Bloomberg)
Franklin Electric ( FELE ) declares $0.28/share quarterly dividend , 5.7% increase from prior dividend of $0.265. Forward yield 1.12% Payable Feb. 19; for shareholders of record Feb. 5; ex-div Feb. 5. See FELE Dividend Scorecard, Yield Chart, & Dividend Growth. More on Franklin Electric Franklin Electric: Opinion Unchanged, Not Cheap Enough Franklin Electric Co., Inc. 2025 Q3 - Results - Earnings ...
Franklin Electric ( FELE ) declares $0.28/share quarterly dividend , 5.7% increase from prior dividend of $0.265. Forward yield 1.12% Payable Feb. 19; for shareholders of record Feb. 5; ex-div Feb. 5. See FELE Dividend Scorecard, Yield Chart, & Dividend Growth. More on Franklin Electric Franklin Electric: Opinion Unchanged, Not Cheap Enough Franklin Electric Co., Inc. 2025 Q3 - Results - Earnings Call Presentation Franklin Electric Co., Inc. (FELE) Q3 2025 Earnings Call Transcript Franklin Electric targets $2.09B–$2.15B in FY25 sales while advancing innovation and capacity expansion Seeking Alpha’s Quant Rating on Franklin Electric
Nigella Lawson to replace Prue Leith on Bake Off "Of course it's daunting to be following in the footsteps of Prue Leith and Mary Berry before her, great dames both, but I'm also bubbling with excitement." Lawson, who will join Paul Hollywood as a judge, said in a statement: "I'm uncharacteristically rather lost for words right now. Dame Prue has been a judge on the series since 2017, but announce...
Nigella Lawson to replace Prue Leith on Bake Off "Of course it's daunting to be following in the footsteps of Prue Leith and Mary Berry before her, great dames both, but I'm also bubbling with excitement." Lawson, who will join Paul Hollywood as a judge, said in a statement: "I'm uncharacteristically rather lost for words right now. Dame Prue has been a judge on the series since 2017, but announced last week that she would leave the series, adding: "Now feels like the right time to step back". TV chef Nigella Lawson will replace Dame Prue Leith on The Great British Bake Off, broadcaster Channel 4 has confirmed. She added: "The Great British Bake Off is more than a television programme, it's a National Treasure – and it's a huge honour to be entrusted with it. "I'm just thrilled to be joining the team and all the new bakers to come, I wish the marvellous Prue all the best, and am giddily grateful for the opportunity!" Dame Prue said she was "thrilled" that Nigella would be taking over her role in the tent. "She's sassy, fun and she knows her onions - and her croissants, cake and crumble," she added. Channel 4 controller Ian Katz said the broadcaster was "incredibly excited about the marriage of two great British icons: Bake Off and Nigella". Dame Prue was hired for Bake Off after the series jumped from the BBC to Channel 4 in 2016. She replaced Dame Mary, who left the show along with presenters Mel Giedroyc and Sue Perkins after the move. The series will return for its 17th series later this year, with Lawson and Hollywood alongside current hosts Alison Hammond and Noel Fielding. The Guardian's Stuart Heritage wrote last week that The Great British Bake Off has "lost its way" and "become slightly long in the tooth over the last half decade or so". He said Lawson would give the show a shot in the arm, writing: "She is spectacularly British, and manages to balance the sort of familiarity that will reassure existing viewers with a level of international first-name recog...
(RTTNews) - BioMarin Pharmaceutical Inc. (BMRN), announced on Monday its plans to offer $850 million in senior unsecured notes due 2034. The company also launched syndication of a $2 billion senior secured Term Loan B facility, alongside an $800 million Term Loan A facility and a $600 million revolving credit facility, all in connection with its pending acquisition of Amicus Therapeutics, Inc. Pro...
(RTTNews) - BioMarin Pharmaceutical Inc. (BMRN), announced on Monday its plans to offer $850 million in senior unsecured notes due 2034. The company also launched syndication of a $2 billion senior secured Term Loan B facility, alongside an $800 million Term Loan A facility and a $600 million revolving credit facility, all in connection with its pending acquisition of Amicus Therapeutics, Inc. Proceeds from the notes, together with borrowings under the new term facilities and cash on hand, will fund the acquisition consideration and related fees and expenses. BioMarin said it may also borrow up to $150 million under the revolving facility for such costs. The proceeds from the note offering will be held in escrow until the Amicus acquisition closes, expected by December 19, 2026. If the acquisition is not completed by that date or certain events occur, BioMarin is required to redeem the notes at 100% of the issue price plus accrued interest. BioMarin shares were down more than 3% in pre-market trading after closing at $56.21 on Friday, down 1.70%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
PAR Technology ( PAR ) on Monday said it has agreed to acquire the identity resolution and shopper intelligence platform Bridg, a division of Cardlytics ( CDLX ). The purchase price is $27.5 million, subject to purchase price adjustments with a maximum total purchase price of $30.0 million, and is payable in shares of PAR Technology common stock. PAR Technology will also assume certain liabilities...
PAR Technology ( PAR ) on Monday said it has agreed to acquire the identity resolution and shopper intelligence platform Bridg, a division of Cardlytics ( CDLX ). The purchase price is $27.5 million, subject to purchase price adjustments with a maximum total purchase price of $30.0 million, and is payable in shares of PAR Technology common stock. PAR Technology will also assume certain liabilities associated with the acquired assets. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions. PAR +1.32% premarket to $32.02. Source: Press Release More on PAR Technology, Cardlytics PAR Technology Corporation (PAR) Presents at 28th Annual Needham Growth Conference Transcript PAR Technology: The Reset Is Done, Now Execution Decides The Stock PAR Technology Corporation (PAR) Presents at UBS Global Technology and AI Conference 2025 Transcript Laughing Water Capital Q4: exits Thryv Cardlytics appoints David Evans as chief financial officer
Nvidia has invested $2 billion in CoreWeave at a purchase price of $87.20 per share, the companies said on Monday, adding that they have expanded their partnership to boost CoreWeave's data center build out ambitions. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)
Nvidia has invested $2 billion in CoreWeave at a purchase price of $87.20 per share, the companies said on Monday, adding that they have expanded their partnership to boost CoreWeave's data center build out ambitions. (Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)