NicoElNino/iStock via Getty Images Introduction Progress Software ( PRGS ) is due to report its Q1 numbers on the 30 th of March after the market closes, so I wanted to cover what to expect and what I’ll be looking out for in the upcoming report, which I don’t think is going to surprise us numbers-wise, but the conference call might be quite interesting. What to expect from Progress Software's Q1 ...
NicoElNino/iStock via Getty Images Introduction Progress Software ( PRGS ) is due to report its Q1 numbers on the 30 th of March after the market closes, so I wanted to cover what to expect and what I’ll be looking out for in the upcoming report, which I don’t think is going to surprise us numbers-wise, but the conference call might be quite interesting. What to expect from Progress Software's Q1 earnings Analysts’ expectations for earnings are around $1.57 adjusted and $0.51 on a GAAP basis, on $246.4m in revenue. This revenue figure translates to around 2.5% decline sequentially and 3.5% growth y/y. Quite lackluster growth expectations from the analysts, but how well do they stack up to what the management guided for the upcoming quarter? In the last quarter, which was Q4 ’25, the management gave a revenue range of $244m-$250m, so $247m at the midpoint, and an adjusted EPS range of $1.56-$1.62, $1.59 at the midpoint. It seems that the analysts are a bit more conservative on both fronts. It also seems that the analysts have been underestimating PRGS’s potential for a while, as in the last ten quarters, PRGS only missed the latest revenue estimates, while beating on EPS 100% of the time. Seeking Alpha I wouldn’t be surprised to see the company beating on all fronts once again, as it seems to me that the management may be talking down on the company’s potential and providing a conservative estimate on purpose, so they can easily beat expectations. First quarters of the year are usually the quiet ones for software companies like PRGS. I wouldn’t pay too much attention to the sequential decline in the top line and would put more emphasis on the company’s ARR numbers. The decline in sequential revenue could most likely just mean that most of the companies that they do business with already did their budget in Q4, which is always the busiest time for renewals. I’m not expecting any sort of surprises on the top and bottom lines out of the upcoming results. What I’m lookin...
Exchange-traded fund investors have been pulling money out of commodities products at the fastest clip on record as the conflict in the Middle East continues to rattle markets. Roughly $11 billion has been yanked from roughly 100 ETFs spanning precious metals and broad commodity funds. While March is not over yet, the amount marks the largest monthly withdrawal, according to Bloomberg Intelligence...
Exchange-traded fund investors have been pulling money out of commodities products at the fastest clip on record as the conflict in the Middle East continues to rattle markets. Roughly $11 billion has been yanked from roughly 100 ETFs spanning precious metals and broad commodity funds. While March is not over yet, the amount marks the largest monthly withdrawal, according to Bloomberg Intelligence data going back to at least 2005. The biggest outflows concentrated in gold-focused funds like the SPDR Gold Shares ( GLD ), which has seen more than $7 billion withdrawn, as well as other metals. Silver ETFs also saw redemptions of about $1.4 billion in outflows. Given gold’s strong run before the war, “people were jittery to get out and lock in those gains,” said Bloomberg Intelligence analyst Athanasios Psarofagis . “Most investors are probably up on it, and that’s who sold hardest.” Gold’s weak performance during the Iran conflict can partly be explained by a dash for cash, as the war sees investors ditch their relatively liquid and profitable positions. Expectations of higher interest rates and a stronger dollar have also added to headwinds for non-yielding bullion. Commodities markets have been upended since the US and Israel started attacking Iran on Feb. 28, with the Strait of Hormuz effectively closed off. Oil and gas markets have contributed to heightened volatility across broader financial markets. Brent oil topped $104 on Tuesday. Energy-linked products have this month experienced inflow and outflow rates not seen in years. For some market watchers, the historic outflows from the commodities cohort come as a surprise given that many of these funds are typically viewed as safe havens during periods of economic uncertainty. “Commodity ETFs are seeing record outflows during this market selloff — an unusual twist given their typical role as inflation and risk hedges,” Psarofagis added. “What’s striking is that the move is being driven largely by gold and silver, no...
Getty Images Since I last reported on Clear Secure ( YOU ), rating it a Buy on February 26, 2025, the stock is up 115.69% . Back then, I pushed against the prevailing narrative on Wall Street that the identity verification firm (perhaps best known for speeding up the security screening process at airports via biometrics) was seeing a broken membership model, one that would further bleed the stock ...
Getty Images Since I last reported on Clear Secure ( YOU ), rating it a Buy on February 26, 2025, the stock is up 115.69% . Back then, I pushed against the prevailing narrative on Wall Street that the identity verification firm (perhaps best known for speeding up the security screening process at airports via biometrics) was seeing a broken membership model, one that would further bleed the stock in the post-"Revenge Travel" era following Covid. My own perspective was that the firm would see new traction in its "Verified Enterprise" business due to our new era of "AI and deepfakes" and that, in addition, no one was factoring in its (admittedly very) new ENVE pods as a real technological upgrade-and perhaps the new standard for "qualifying access" at public entities. Priced at $25.06 at the time, the stock was unloved and well down from its highs. It was worth the flyer. My optimism was further validated in December when it was reported that YOU had entered a contract with the Centers for Medicare and Medicaid Services to modernize its identity verification for beneficiaries and providers on Medicare. That website will integrate Clear1, YOU's secure identity platform, for all account creation, account recovery, and access to information. This was a very big deal, as CMS is the single largest payer of healthcare services in the US. Whereas airport travel might capture the business class, this verification contract touches tens of millions of Americans from every walk of life. It also puts the company in the catbird seat in terms of being the eventual arbiter of a certain type of access identity in America. This could be important because, unlike countries like Estonia or India, where identity and digital governance were brought inside state function, the US prefers a less proactive approach, letting things sort of bubble up through the private sector. Clear's biometric, customer-facing brand might help it as it moves deeper into the far more contested B2B markets of v...
Nvidia stock was rising early Wednesday as the chip maker’s shares looked past the entry of Arm Holdings into the artificial-intelligence processor market. Nvidia has been the dominant AI chipmaker for a while now, but new competitors keep arriving. Arm, which had previously licensed its designs for chips, announced a new data center central-processing unit (CPU) on Tuesday, its first foray into m...
Nvidia stock was rising early Wednesday as the chip maker’s shares looked past the entry of Arm Holdings into the artificial-intelligence processor market. Nvidia has been the dominant AI chipmaker for a while now, but new competitors keep arriving. Arm, which had previously licensed its designs for chips, announced a new data center central-processing unit (CPU) on Tuesday, its first foray into making its own semiconductors.
MDLZ's chocolate sales rise 11.4% in 2025 as pricing offsets cocoa cost pressure, but volume declines raise questions about how durable that growth is.
MDLZ's chocolate sales rise 11.4% in 2025 as pricing offsets cocoa cost pressure, but volume declines raise questions about how durable that growth is.
Monty Rakusen/DigitalVision via Getty Images Teck Resources ( TECK ) appears to be doing too many things at once. It is a legacy coal business with a history of large cash flow, but it is selling out of coal. It has a smallish zinc business that is still generating a bit of cash and considerable investor confusion at the same time. It has a “royalty” in Barrick’s Nevada gold mine project – the Fou...
Monty Rakusen/DigitalVision via Getty Images Teck Resources ( TECK ) appears to be doing too many things at once. It is a legacy coal business with a history of large cash flow, but it is selling out of coal. It has a smallish zinc business that is still generating a bit of cash and considerable investor confusion at the same time. It has a “royalty” in Barrick’s Nevada gold mine project – the Fourmile – that is adding to the confusion because nobody is sure how to put a value on this opportunity. Most importantly, everybody agrees that copper is the next big growth story – there’s no doubt about it. It is also true that if the Anglo merger goes through, and Teck can execute, Teck will become one of the largest copper miners in the world, and its QB mine and now a number of Anglo mines will rake in billions. But there are two significant “ifs” here – the merger going through, which is the lesser “if,” and Teck executing it properly, which is the larger “if.” The market is taking a lazy view of this and discounting everything heavily. That is why the story of the merger is actually taking the stock downwards. This needs to be untangled, and TECK should be assessed as a company in transition but with a clear valuation gap moving forward. The Old Business Teck’s legacy business was steelmaking coal, and it was a massive cash generator. They are now exiting this business, so that cash flow is going away. Yet, Teck generated $4.3 billion in adjusted EBITDA in 2025. But that number now comes increasingly from copper – where Teck is still ramping up capacity – rather than from the steady, high-margin coal business that used to earlier generate revenues. Zinc still contributes its share, but not as a key driver. Teck says in its 2026 guidance that they may produce 410-460kt of zinc – along with 455-530kt of copper – which gives you enough signal on where the business is heading. This confuses investors because zinc still produces some revenue, and so does copper, but it is ...
IBM ( IBM ) and ElevenLabs on Wednesday said they are collaborating to integrate text-to-speech and speech-to-text capabilities into IBM’s watsonx Orchestrate platform, aiming to enhance voice interactions in enterprise AI systems. The integration allows businesses to deploy AI agents with multilingual voice capabilities across 70 languages, targeting use cases such as customer support, sales, and...
IBM ( IBM ) and ElevenLabs on Wednesday said they are collaborating to integrate text-to-speech and speech-to-text capabilities into IBM’s watsonx Orchestrate platform, aiming to enhance voice interactions in enterprise AI systems. The integration allows businesses to deploy AI agents with multilingual voice capabilities across 70 languages, targeting use cases such as customer support, sales, and internal operations. The companies said the offering is designed to improve user experience by enabling more natural-sounding and responsive voice interactions. IBM said the addition expands watsonx Orchestrate from text-based automation to voice-enabled workflows while maintaining enterprise requirements such as security, compliance, and scalability. Features include access to a large library of synthetic voices and options aligned with standards such as PCI and HIPAA compliance. The companies said they plan to continue working together to advance voice-first AI applications for enterprise use, though no financial details of the partnership were disclosed. IBM +0.71% premarket to $242.3. Source: Press Release More on IBM International Business Machines Corporation (IBM) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript International Business Machines Corporation (IBM) Presents at Bank of America View from the Top CEO Series Transcript If IBM Can Drop 13% In A Day, What Does This Say About These Market Conditions? GTC effect: Nvidia's ecosystem partners edge higher following wave of collaborations IBM unveils blueprint to combine quantum, classical computing