CrowdStrike (CRWD): Great Company, Brutal Price By IPO Edge Editorial Staff A cybersecurity outage took down half the internet in July 2024. The company behind it was CrowdStrike (CRWD). Two years […]
CrowdStrike (CRWD): Great Company, Brutal Price By IPO Edge Editorial Staff A cybersecurity outage took down half the internet in July 2024. The company behind it was CrowdStrike (CRWD). Two years […]
Klarity generates 80% of its revenue from radiation therapy positioning devices. Photo: Klarity Klarity Medical & Equipment Co. Ltd. priced its initial public offering on the Beijing Stock Exchange at 15.6 yuan ($2.3) a share after a two-day book-building process, becoming only the second company in more than three years to use the exchange’s offline-inquiry mechanism. The return of book-building ...
Klarity generates 80% of its revenue from radiation therapy positioning devices. Photo: Klarity Klarity Medical & Equipment Co. Ltd. priced its initial public offering on the Beijing Stock Exchange at 15.6 yuan ($2.3) a share after a two-day book-building process, becoming only the second company in more than three years to use the exchange’s offline-inquiry mechanism. The return of book-building on the Beijing bourse, where the practice had been largely suspended since April 2023 amid valuation and liquidity concerns, underscores regulators’ efforts to make IPO pricing more market-driven and attract higher-quality technology companies.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
cookelma Wall Street ended higher on Thursday after President Donald Trump announced that the planned military action against Iran was called off. Semiconductor stocks were front and center among the top gainers. The benchmark S&P 500 ( SP500 ) closed +1.7%, while the tech-heavy Nasdaq Composite ( COMP:IND ) ended 2.5%, and the blue-chip Dow ( DJI ) finished 1.8%. Now, here are the three stocks to...
cookelma Wall Street ended higher on Thursday after President Donald Trump announced that the planned military action against Iran was called off. Semiconductor stocks were front and center among the top gainers. The benchmark S&P 500 ( SP500 ) closed +1.7%, while the tech-heavy Nasdaq Composite ( COMP:IND ) ended 2.5%, and the blue-chip Dow ( DJI ) finished 1.8%. Now, here are the three stocks to watch on Thursday after hours: Super Micro Computer ( SMCI ) closed on Thursday +9.2% but has declined about 1% after hours after the company priced offerings of about 45.45 million common stock shares at $27.50 each and 75 million depositary shares. The AI infrastructure giant expects about $1.22B in net proceeds from the common stock offering and $3.68B from the depositary shares. It recently sank about 25% after announcing an equity plan it needs to fund AI server orders. Micron Technology ( MU ) was among the semiconductor stocks rising after President Trump signaled a breakthrough in the war with Iran, lifting sentiment among investors. In addition, Wolfe Research raised its price target to $1,250 from $550 to reflect increased memory prices. The company ended 11.7% on Thursday but has dropped 1.7% after the close. Advanced Micro Devices ( AMD ) is another chip manufacturer declining after hours, closing almost +8% on Thursday and later down 0.6% at the time of writing. “There is a high concentration risk for AMD as the GPU backlog leans heavily on OpenAI and Meta, and the deal structures include performance-based warrants, up to 160MM shares for OpenAI, and an arrangement that could hand Meta roughly 10% of the equity,” said Louis Gerard , Seeking Alpha analyst, in a recent analysis . More on Super Micro Computer, Micron Technology, etc. Super Micro: The $7B Raise Tells You What The $39B Backlog Really Costs Super Micro Computer's $7B Plan Is A Red Flag AMD: The Selloff Is An Opportunity AMD, Micron, Arm lead chips higher as Trump signals Iran breakthrough Super Micr...
Jeff Schear/Getty Images Entertainment Home furnishings retailer RH ( RH ) delivered a top- and bottom-line beat for the first quarter and exceeded the company’s expectations, leading to a revised outlook for the full year. Shares briefly rallied following the report, but the advance unraveled as investors digested the company's year-over-year swing into the red and lackluster guidance for the cur...
Jeff Schear/Getty Images Entertainment Home furnishings retailer RH ( RH ) delivered a top- and bottom-line beat for the first quarter and exceeded the company’s expectations, leading to a revised outlook for the full year. Shares briefly rallied following the report, but the advance unraveled as investors digested the company's year-over-year swing into the red and lackluster guidance for the current quarter. Reflecting back order and special-order balances that were ~$75M higher than last year due to tariff-related resourcing, the company’s net revenue dropped to $800.3M, although it still exceeded expectations by ~$8M. The modest decline in revenue coupled with increased cost of goods sold and a $32M legal settlement contributed to an adjusted net loss of $27.2M, or ($1.97) per share. While this was not as bad as feared, it compares to a profit of $0.13 a year ago. For FY26, RH ( RH ) now expects revenue growth of 4.5% to 8.0%, translating to a range of $3.6B and $3.71B versus a prior range of $3.58B to $3.71B, with a midpoint slightly above $3.63B estimates. Adjusted EBITDA margin is seen between 14.2% and 16.0%, which includes a 270-basis-point negative impact from pre-opening and startup costs to support the company’s international expansion. This compares to an adjusted EBITDA margin of 17.3% in FY25. For the current quarter, RH ( RH ) sees sales increasing 0.5% to 2.5% to be within a range of $903.65M and $921.63M versus $939.4M estimates. Adjusted EBITDA margin of 11.5% to 13.0% compares to 20.6% in the same quarter last year. More on RH Restoration Hardware: Sales Slowdown Is Concerning, Despite Cheap FCF Multiple (Downgrade) RH (RH) Q4 2026 Earnings Call Prepared Remarks Transcript Not April Fool's, RH Is Too Cheap To Ignore RH Non-GAAP EPS of -$1.97 beats by $0.10, revenue of $800.32M beats by $7.94M RH Q1 2027 Earnings Preview
Shares of US lenders reached their highest levels ever on Thursday, as investors turned optimistic about a potential deal to stop the fighting in Iran and SpaceX’s record IPO. The KBW Bank Index jumped 1.9% to close at 176.73, topping the previous high of 176.40 set on Feb. 9. All 24 banks in the benchmark closed higher, led by top performers Citigroup Inc. and Goldman Sachs Group Inc. The broader...
Shares of US lenders reached their highest levels ever on Thursday, as investors turned optimistic about a potential deal to stop the fighting in Iran and SpaceX’s record IPO. The KBW Bank Index jumped 1.9% to close at 176.73, topping the previous high of 176.40 set on Feb. 9. All 24 banks in the benchmark closed higher, led by top performers Citigroup Inc. and Goldman Sachs Group Inc. The broader market also rallied, with the S&P 500 Index climbing 1.8%. The move started at around 1:30 p.m. in New York when stocks jumped and oil sank after President Donald Trump canceled military strikes on Iran and signaled that the countries are close to a deal, fueling hopes for an end to the war that has roiled global markets. Read: Trump Cancels Planned Iran Strikes in Latest Reversal Sentiment around bank stocks is also rising due to the initial public offerings of closely held tech giants SpaceX , Anthropic and OpenAI . Goldman Sachs Group Inc. and Morgan Stanley shares are hovering near record highs after both were picked as co-leads on Elon Musk’s SpaceX IPO. Anthropic, which makes the Claude chatbot, and ChatGPT creator OpenAI have also picked Morgan Stanley and Goldman to lead their deals public offering. SpaceX raised $75 billion on Thursday, making history with the biggest-ever IPO, according to a statement on its website Thursday. Read: SpaceX’s IPO Raises $75 Billion in Biggest Debut of All Time “Strength in bank stocks reflects potential resolution of the Middle East conflict and general equities optimism ahead of the SpaceX IPO,” said Bloomberg Intelligence analyst Herman Chan . Earlier in the week executives at US bulge-bracket banks lauded the resilience of consumers at the Morgan Stanley US Financials Conference in New York. Presentations from executives “offered positive commentary on markets activity, loan growth, credit quality and resilience in consumer spending,” Chan said. The operating backdrop for banks also looks constructive, he added. At JPMorgan Chas...
straga/iStock via Getty Images A federal appeals court denied motions Thursday by environmental groups seeking to stay water quality certifications issued by Virginia and North Carolina for Mountain Valley Pipeline's proposed Southgate natural gas pipeline project. The U.S. Fourth Circuit Court of Appeals ruled in two simultaneous opinions that petitions seeking stays pending detailed reviews of ...
straga/iStock via Getty Images A federal appeals court denied motions Thursday by environmental groups seeking to stay water quality certifications issued by Virginia and North Carolina for Mountain Valley Pipeline's proposed Southgate natural gas pipeline project. The U.S. Fourth Circuit Court of Appeals ruled in two simultaneous opinions that petitions seeking stays pending detailed reviews of the water permits "have not made a strong showing that they are likely to succeed on the merits." The court acknowledged the pipeline operator's 46 water quality standard violations during construction of the main pipeline, but it said Virginia and North Carolina have required inspections and continuous monitoring to adequately offset risk. The Southgate project is a proposed 31-mile extension of the existing 304-mile Mountain Valley Pipeline main line from West Virginia to Virginia; the extension is designed to transport ~550M cf/day of gas, while the main line can carry ~2B cf/day of gas. MVP is owned by units of pipeline operator EQT Corp. ( EQT ), NextEra Energy ( NEE ), AltaGas ( ATGFF ), and RGC Resources ( RGCO ). More on EQT Corp. EQT: The Cleanest Gas Exposure With Global Leverage EQT: Q2 Natural Gas Weakness Clouds Near-Term Upside EQT Corp.: Recent Selloff Further Highlights Underpricing
An improvised base in Mexico has become Team Melli’s unlikely World Cup home as security fears, visa disputes and political divisions shape their tournament Open-top trucks patrolled the surrounding roads outside the Estadio Caliente today, mounted by men in helmets and masks and wielding machine guns. They pass by the main entrance every few hours, guarding the massive city block, otherwise chock...
An improvised base in Mexico has become Team Melli’s unlikely World Cup home as security fears, visa disputes and political divisions shape their tournament Open-top trucks patrolled the surrounding roads outside the Estadio Caliente today, mounted by men in helmets and masks and wielding machine guns. They pass by the main entrance every few hours, guarding the massive city block, otherwise chocked with cars and smog, that the Iran national team has made its temporary, and largely improvised, home for this World Cup. This has become business as usual here in northwest Mexico, at an arena that most teams in the domestic league hate to visit thanks to its distance from the country’s other footballing hubs and its brutal artificial turf playing surface. Continue reading...