Cognizant Technology ( CTSH ) was upgraded at Wedbush Securities on Monday as the investment firm said it sees the positives outweighing the negatives. Shares rose 2% in premarket trading. “We believe that CTSH is starting to gain momentum for its AI Builder strategy with more large-scale contracts in the 8-/9-figure range converting from its pipeline to revenue in 2H26, which will act as a cataly...
Cognizant Technology ( CTSH ) was upgraded at Wedbush Securities on Monday as the investment firm said it sees the positives outweighing the negatives. Shares rose 2% in premarket trading. “We believe that CTSH is starting to gain momentum for its AI Builder strategy with more large-scale contracts in the 8-/9-figure range converting from its pipeline to revenue in 2H26, which will act as a catalyst for shares,” analyst Steven Wahrhaftig wrote in a note to clients. “Cognizant’s vertical specific strategy is starting to see meaningful market share gains from a productivity savings standpoint with CTSH using its own proprietary AI tools and leveraging partnerships to generate incremental demand. CTSH has also seen its key verticals demonstrate a meaningful rebound from a backlog perspective with financial services seeing a healthy spending environment and strong deal momentum and health sciences remaining stable despite regulatory uncertainty.” Wahrhaftig raised his rating on Cognizant to Outperform from Neutral and upped his price target to $70 from $56. Delving deeper, Wahrhaftig said Cognizant has seen a 70% increase in total contract value, which is a “key” forward indicator. However, first-quarter bookings grew 21% year-over-year to $29.6B in the trailing 12 months. “These deals are still in the early stages of converting to revenue, giving us increased confidence in CTSH’s ability to drive revenue growth into the back-half of this year,” Wahrhaftig added. “We also note these strong metrics were achieved within a softening discretionary spending environment, but management noted that discretionary spending is expected to modestly improve in 2H26 given the increasing deal momentum.” More on Cognizant Technology Cognizant Technology Solutions Corporation (CTSH) Presents at Cognizant AI Forum 2026 Prepared Remarks Transcript Cognizant Technology Solutions Corporation (CTSH) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Tr...
Check out the companies making headlines before the bell: Nvidia — Shares gained 2.3% after Nvidia announced a partnership with South Korean tech giant SK Hynix for advanced memory for its AI factory buildout. Marvell Technology , Flex — Marvell Technology gained almost 9%, while Flex shares popped 4%, after it was announced the two companies will be joining the S & P 500. The two names are replac...
Check out the companies making headlines before the bell: Nvidia — Shares gained 2.3% after Nvidia announced a partnership with South Korean tech giant SK Hynix for advanced memory for its AI factory buildout. Marvell Technology , Flex — Marvell Technology gained almost 9%, while Flex shares popped 4%, after it was announced the two companies will be joining the S & P 500. The two names are replacing Campbell's and Pool Corp. Nurix Therapeutics — Shares surged 24% after the biotech said it's collaborating with Roche to develop and commercialize bexobrutideg, a protein degrader used to treat cancers and autoimmune diseases. Honeywell — Shares gained slightly after Honeywell reaffirmed its 2026 outlook ahead of the Honeywell Aerospace spin-off.
Sundry Photography/iStock Editorial via Getty Images The results Ciena Corporation ( CIEN ) has published have beaten growth expectations in terms of EPS, as the consensus expected a figure around $1.46, and the final result came in at $1.64. Revenues were also above expectations, with $1.57B, representing 40% year-over-year growth, and in addition, adjusted gross margin also grew to 44.9%. As if ...
Sundry Photography/iStock Editorial via Getty Images The results Ciena Corporation ( CIEN ) has published have beaten growth expectations in terms of EPS, as the consensus expected a figure around $1.46, and the final result came in at $1.64. Revenues were also above expectations, with $1.57B, representing 40% year-over-year growth, and in addition, adjusted gross margin also grew to 44.9%. As if that were not enough, management raised its revenue guidance for the full FY26 to $6.3B, as well as the operating margin, which they expect to be 19%. Is that all? Not yet; the backlog also adds $600M and now closes around $7.7B, and finally, they announced the first multi-rail order with a hyperscaler for Hyper-Rail, validating the company's roadmap, which aimed to connect several data center campuses separated by hundreds of kilometers so they could function as a single cluster for AI model training. CIEN So, why is the stock falling this way? Is it sector-related, and are we looking at an opportunity? I think that, for this, it is better to first understand where the company's growth is coming from, starting with the historical core of Optical Networking, which represents around 70% of the sales mix. Here, what CIEN does is sell the systems that move data at high speeds through its fiber optic cables and at very low latency, between points separated by a considerable number of kilometers. It mainly does this with the RLS optical line and with Waveserver, which is the platform for connecting data centers to each other and which in the sector is known as data center interconnect (DCI). Precisely this last one is experiencing the most growth, considering that the space currently needed to train an AI model from a hyperscaler is more than just a single building. So this compute capacity must be distributed across several data center campuses. So here we have the first mystery solved behind that 42% year-over-year growth to $1.1B. Then, Routing and Switching, mainly with DCOM...
NVIDIA and SK hynix have announced a multiyear technology partnership aimed at developing next-generation memory to support the global buildout of AI factories. This collaboration is set to enhance memory supply aligned with NVIDIA's AI infrastructure roadmap and boost the advancement of semiconductor design and manufacturing by incorporating AI technologies. The partnership seeks to accelerate th...
NVIDIA and SK hynix have announced a multiyear technology partnership aimed at developing next-generation memory to support the global buildout of AI factories. This collaboration is set to enhance memory supply aligned with NVIDIA's AI infrastructure roadmap and boost the advancement of semiconductor design and manufacturing by incorporating AI technologies. The partnership seeks to accelerate the deployment of AI infrastructure by addressing the extended development cycles and capital...
In recent trading, shares of Cracker Barrel Old Country Store Inc (Symbol: CBRL) have crossed above the average analyst 12-month target price of $33.30, changing hands for $33.54/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to rea
In recent trading, shares of Cracker Barrel Old Country Store Inc (Symbol: CBRL) have crossed above the average analyst 12-month target price of $33.30, changing hands for $33.54/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to rea
In recent trading, shares of G-III Apparel Group Ltd. (Symbol: GIII) have crossed above the average analyst 12-month target price of $32.67, changing hands for $33.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrad
In recent trading, shares of G-III Apparel Group Ltd. (Symbol: GIII) have crossed above the average analyst 12-month target price of $32.67, changing hands for $33.71/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrad
Key PointsVanguard Total Stock Market ETF provides broader diversification with over 3,500 holdings compared to roughly 1,500 for the State Street fund.
Key PointsVanguard Total Stock Market ETF provides broader diversification with over 3,500 holdings compared to roughly 1,500 for the State Street fund.
wavemovies/iStock Editorial via Getty Images Wix.com ( WIX ) shares fell 13% in premarket trading Monday after the website development platform unveiled a sweeping organizational restructuring that includes a 20% workforce reduction and updated financial expectations for 2026. The company said the realignment is designed to streamline operations and reallocate resources toward its top strategic pr...
wavemovies/iStock Editorial via Getty Images Wix.com ( WIX ) shares fell 13% in premarket trading Monday after the website development platform unveiled a sweeping organizational restructuring that includes a 20% workforce reduction and updated financial expectations for 2026. The company said the realignment is designed to streamline operations and reallocate resources toward its top strategic priorities. The restructuring includes scaling back or discontinuing certain activities, products, initiatives, and subsidiaries. As previously announced, approximately 1,000 employees, or 20% of the workforce, will be affected. Wix now expects fiscal 2026 free cash flow, excluding acquisition and restructuring costs, of approximately $420M, up about $20M from its prior outlook as it shifts its focus toward profitable growth. While Wix Harmony and Base44 continue to perform in line with expectations outlined in its first-quarter 2026 guidance, Wix now expects fiscal 2026 bookings to decline by approximately $50M and revenue to fall by about $25M. The company attributed the reduction to its organizational realignment and a sharper-than-expected slowdown in the growth of its Partners business during late May and early June. Wix expects the weaker revenue outlook to be more than offset by approximately $70M in non-GAAP cost-of-revenue and operating expense savings this year, incremental to its previous guidance. The company estimates the restructuring will generate approximately $150M in annualized savings, driven primarily by lower payroll and overhead costs. Filing The company expects to record approximately $30M to $35M in pre-tax restructuring charges, with the majority related to severance and employee benefits. Most of the charges are expected to be incurred in the second quarter of 2026, with cash payments occurring in the second half of the year. More on Wix.com Wix After Layoffs And Buyback: Hold For Now Wix: The Buyback That Bought The Top Wix.com: Base44 Continues To ...
DaveAlan Alaska Air Group ( ALK ) Chief Financial Officer Shane Tackett indicated over the weekend that the carrier is hopeful it can reinstate its financial guidance on its Q2 earnings conference call if fuel prices show more stability. Following the Iran-Iraq hostilities and spike in oil prices, the volatility in jet fuel costs forced Alaska Air ( ALK ) to pull its full-year outlook. Tackett not...
DaveAlan Alaska Air Group ( ALK ) Chief Financial Officer Shane Tackett indicated over the weekend that the carrier is hopeful it can reinstate its financial guidance on its Q2 earnings conference call if fuel prices show more stability. Following the Iran-Iraq hostilities and spike in oil prices, the volatility in jet fuel costs forced Alaska Air ( ALK ) to pull its full-year outlook. Tackett noted that the fuel markets had become less volatile over the last few weeks, although prices were still swinging enough every few days that the airline company does not yet have the confidence to formalize its outlook. "We want to see a little bit more stability in the backdrop," stated Tackett to Reuters on the sidelines of the International Air Transport Association's annual meeting in Rio de Janeiro. Alaska Air Group ( ALK ) stopped buying new crude oil call options in Q4 of 2024, marking the suspension of its oil hedging program. Shares of Alaska Air ( ALK ) are down more than 14% on a year-to-date basis. More on Alaska Air Alaska Air Group, Inc. (ALK) Presents at TD Cowen 10th Annual Future of the Consumer Conference Transcript Challenges Surge For Alaska Airlines Alaska Air Group, Inc. (ALK) Q1 2026 Earnings Call Transcript These 10 mid-cap U.S. stocks carry the market's most attractive valuations These 10 mid-cap U.S. Industrial stocks trading at attractive valuations
Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting the country’s exporters. The shekel has slumped 4% against the dollar this month, the worst performance out of more than 140 global currencies monitored by Bloomberg. In the preceding two months, it had led global gains, appreciatin...
Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting the country’s exporters. The shekel has slumped 4% against the dollar this month, the worst performance out of more than 140 global currencies monitored by Bloomberg. In the preceding two months, it had led global gains, appreciating almost 12% to a three-decade high. That prompted the Bank of Israel to buy dollars in foreign-exchange markets for the first time in five years while signaling that more monetary easing may be in store. Finance Minister Bezalel Smotrich and Israel’s technology companies, which have mostly dollar revenues but pay costs in the local currency, have been calling on the central bank to take measures to weaken the shekel. Pressure on the Bank of Israel increased after a quarter-point interest-rate cut on May 25 failed to dent the rally. “An ongoing depreciation of the shekel may reduce the pressure for a further interest rate cut, or for additional foreign currency purchases by the Bank of Israel,” said Ronen Menachem, the chief markets economist at Mizrahi Tefahot Bank. The shekel’s recent decline came after the central bank hinted at more monetary easing, while also noting that it purchased $810 million in May to maintain the “orderly functioning of the markets.” The central bank had not purchased US dollars in the market since 2021, when it bought an unprecedented $35 billion as the shekel strengthened rapidly during the Covid pandemic. Despite the purchases last month, the shekel continued to strengthen, hitting a high of 2.80 per dollar on May 29 before retreating in June. “Based on the accelerated depreciation of the shekel in early June, the Bank of Israel might have continued its foreign exchange purchases this month,” said Leader Capital Markets’ chief economist Jonathan Katz. The shekel extended declines in early trading Monday after Israel and Iran exchanged fire for...
Government urged to help speed up vital industrial project amid growing alarm over National Grid delays Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year. Tata Steel last month told investors that National Grid had said it would face a six- to e...
Government urged to help speed up vital industrial project amid growing alarm over National Grid delays Trade unions have called for the government to intervene to speed up Tata Steel’s connection to the electricity grid in south Wales, after the company said its new furnace would be delayed by up to a year. Tata Steel last month told investors that National Grid had said it would face a six- to eight-month delay. That could stretch to 12 months amid unexpected engineering difficulties. Continue reading...