The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies generally benefited by transitioning from a perpetual license sales model to a subscription model. They were also able to simplify their software development because their programs would be running on remote servers rather than on local machines with a wide range of har...
The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies generally benefited by transitioning from a perpetual license sales model to a subscription model. They were also able to simplify their software development because their programs would be running on remote servers rather than on local machines with a wide range of hardware and operating systems to support. The market rewarded the improving results of many of these businesses, but not everyone was sold on the lofty valuations of software-as-a-service (SaaS) stocks. The value investors at Harris | Oakmark felt the market was overvaluing many stocks in the sector, particularly because it was paying too little heed to the impact of stock-based compensation, which is prevalent at SaaS companies. The market also has a tendency to expect SaaS companies' revenue growth rates to be linear, ignoring the potential impacts of normal competition, argued analyst Jeremy G. Thames. But the market is starting to consider the possibility that new rivals will seriously eat into the sales of many established enterprise SaaS companies. The potential for generative artificial intelligence (AI) tools to replace existing solutions has driven down stock prices across the industry. In fact, prices have gotten so low that Harris | Oakmark now sees some buying opportunities. Two big reasons the market is overreacting The massive sell-off in software stocks over the last few months was due to the perceived threat of generative AI. Tools like Claude Code from Anthropic are enabling people without any background in software engineering to create custom applications. Anthropic extended the Claude Code agent to general workplace productivity tasks with the introduction of Claude Cowork earlier this year, posing a direct threat to several established companies. Furthermore, some see LLMs' ability to facilitate natural language interactions with software as lowering the ...
Key Points Software stocks have fallen amid fears that the companies' businesses will be disrupted by generative AI tools and services. Uncertainty about the outlook for the sector has led to earnings multiple compression. 10 stocks we like better than Salesforce › The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies gene...
Key Points Software stocks have fallen amid fears that the companies' businesses will be disrupted by generative AI tools and services. Uncertainty about the outlook for the sector has led to earnings multiple compression. 10 stocks we like better than Salesforce › The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies generally benefited by transitioning from a perpetual license sales model to a subscription model. They were also able to simplify their software development because their programs would be running on remote servers rather than on local machines with a wide range of hardware and operating systems to support. The market rewarded the improving results of many of these businesses, but not everyone was sold on the lofty valuations of software-as-a-service (SaaS) stocks. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The value investors at Harris | Oakmark felt the market was overvaluing many stocks in the sector, particularly because it was paying too little heed to the impact of stock-based compensation, which is prevalent at SaaS companies. The market also has a tendency to expect SaaS companies' revenue growth rates to be linear, ignoring the potential impacts of normal competition, argued analyst Jeremy G. Thames. But the market is starting to consider the possibility that new rivals will seriously eat into the sales of many established enterprise SaaS companies. The potential for generative artificial intelligence (AI) tools to replace existing solutions has driven down stock prices across the industry. In fact, prices have gotten so low that Harris | Oakmark now sees some buying opportunities. Two big reasons the market is overreacting The massive sell-off in software stocks over the last few months was du...
What happened According to its SEC filing dated February 17, 2026, Engineers Gate Manager LP increased its position in Agree Realty (ADC 0.26%) by 1,144,617 shares. The fund’s ADC quarter-end value is $85.16 million, reflecting both buying activity and price appreciation. What else to know The fund’s ADC position now represents 1.01% of its 13F reportable assets under management after this buy Top...
What happened According to its SEC filing dated February 17, 2026, Engineers Gate Manager LP increased its position in Agree Realty (ADC 0.26%) by 1,144,617 shares. The fund’s ADC quarter-end value is $85.16 million, reflecting both buying activity and price appreciation. What else to know The fund’s ADC position now represents 1.01% of its 13F reportable assets under management after this buy Top holdings after the filing include: NASDAQ: QQQ: $245.53 million (2.9% of AUM) NYSEMKT: SPY: $131.77 million (1.6% of AUM) NYSE: INVH: $114.95 million (1.4% of AUM) NASDAQ: SBRA: $86.07 million (1.02% of AUM) NYSE: FR: $78.00 million (0.93% of AUM) As of February 16, 2026, ADC shares were priced at $78.08, up 13.4% over the past year, outperforming the S&P 500 by 1.60 percentage points. Company Overview Metric Value Revenue (TTM) $718.40 million Net Income (TTM) $196.46 million Dividend Yield 3.89% Price (as of market close February 13, 2026) $78.08 Company Snapshot Agree Realty is a publicly traded REIT specializing in high-quality, net-leased retail properties across the U.S. The company leverages a disciplined investment strategy to build a diversified portfolio, emphasizing long-term leases with creditworthy tenants. Agree Realty engages in the acquisition and development of net-leased retail properties, generating revenue primarily through long-term lease agreements with national and regional retail tenants. It operates as a real estate investment trust (REIT), earning income from rental payments and property appreciation, with a focus on stable, recurring cash flows. Agree Realty serves a diverse portfolio of retail tenants across the United States, targeting leading brands in essential and value-oriented retail sectors. What this transaction means for investors Agree Realty Corporation’s business model is based on owning single-tenant retail properties that are leased to national retailers through long-term net-lease agreements. In this setup, tenants usually pay mos...
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, March 12, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the exercise of common share purchase warrants (the “Warrants”) by 2652862 Alberta Ltd., an affiliate of Erikson National Energy Inc. (“Erikson”). Proceeds will be used to repay debt. The Wa...
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, March 12, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the exercise of common share purchase warrants (the “Warrants”) by 2652862 Alberta Ltd., an affiliate of Erikson National Energy Inc. (“Erikson”). Proceeds will be used to repay debt. The Warrants were issued to Erikson in 2019 in connection with a debt financing to Cavvy, then Pieridae Energy Limited. The Warrants have been exercised at a price of $0.6836 per share, for proceeds of $3.5 million in exchange for the issuance of 5,120,235 common shares. The Company has 295,975,505 common shares outstanding, following the exercise of the Warrants. ABOUT CAVVY ENERGY Cavvy Energy is an integrated Canadian upstream and midstream energy company headquartered in Calgary, Alberta. Cavvy’s objective is to create long term shareholder value through development, production, processing, and marketing of natural gas, natural gas liquids, and sulphur while providing superior service to the Company’s third-party customers through our strategic, company-owned gathering and processing infrastructure located in western Canada. Neither the TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
UiPath (NYSE:PATH), an AI automation software provider, closed Thursday at $11.37, down 8.16%. The stock moved lower after earnings, as investors are watching how slower projected growth and price-target cuts balance against UiPath’s first full-year profitability and AI automation momentum. Trading volume reached 90.8 million shares, coming in about 178% above its three-month average of 32.7 milli...
UiPath (NYSE:PATH), an AI automation software provider, closed Thursday at $11.37, down 8.16%. The stock moved lower after earnings, as investors are watching how slower projected growth and price-target cuts balance against UiPath’s first full-year profitability and AI automation momentum. Trading volume reached 90.8 million shares, coming in about 178% above its three-month average of 32.7 million shares. UiPath IPO'd in 2021 and has fallen 84% since going public. How the markets moved today The S&P 500 fell 1.53% to 6,672, while the Nasdaq Composite declined 1.78% to close at 22,312. Among robotic process automation (RPA) software peers, SS&C Technologies closed at $71.52 (-2.00%) and ServiceNow ended at $112.97 (-2.30%), reflecting negative performance across the sector. What this means for investors UiPath beat Wall Street’s expectations on the top and bottom lines in Q4, reporting its first full-year of GAAP profitability. However, shares declined 8% today after management guided for conservative sales growth of just 9% in 2026, following 14% revenue growth this year. Most importantly (to me at least), 90% of PATH’s largest customers (with over $1 million in ARR) and 60% of its customers with over $100,000 in ARR now use UiPath’s AI products, signalling its success as it grows alongside AI’s boom. Trading at just 15 times forward earnings after becoming GAAP profitable this year, UiPath is a reasonably priced stock to watch, especially if it can keep reining in its hefty stock-based compensation. I’ll be keeping an eye on this AI stock going forward. Should you buy stock in UiPath right now? Before you buy stock in UiPath, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and UiPath wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at t...
jetcityimage/iStock Editorial via Getty Images March 12th was a pretty good day for shareholders of Ollie's Bargain Outlet Holdings, Inc. ( OLLI ), a niche player in the retail space that has, operationally speaking, done exceptionally well over the last few years. Its emphasis on closeout merchandise and excess inventory in the U.S. has cemented it as an attractive investment opportunity in the e...
jetcityimage/iStock Editorial via Getty Images March 12th was a pretty good day for shareholders of Ollie's Bargain Outlet Holdings, Inc. ( OLLI ), a niche player in the retail space that has, operationally speaking, done exceptionally well over the last few years. Its emphasis on closeout merchandise and excess inventory in the U.S. has cemented it as an attractive investment opportunity in the eyes of many investors. So you can imagine that many of them were likely happy to see the stock trade up about 3.5% in the afternoon hours after management announced financial results covering the final quarter of the company's 2025 fiscal year. In addition to revenue and profits coming in significantly above what analysts anticipated, management projected out financial results for 2026 that point toward even more growth. This is fantastic to see, but the downside is that shares of the business remain horribly expensive. For context, back in early December of last year, I reaffirmed Ollie's Bargain Outlet Holdings as a Sell candidate. Even though I acknowledged the quality of the company, I was turned off by how expensive the stock had been. I know that investors were pricing future growth. That that can only take you so far in terms of valuation. Since that time, my call has proven to be successful. Shares are down 11.7%, while the S&P 500 ( SP500 ) is down only 1.7%. And since I originally downgraded it from a Hold to a Sell back in May of last year, the stock is down 3.1% compared to the 17.8% increase that the market saw. To be clear, from a valuation standpoint, the stock is more attractive than it was back then. But it's still not cheap enough to justify an upgrade right now. For now, I think that maintaining it as a soft ‘sell’ is the appropriate choice. A Great Quarter By all accounts, the final quarter of the 2025 fiscal year was a great time for shareholders of Ollie's Bargain Outlet Holdings. Or at least that's the case when it comes to the fundamentals of the bus...
(RTTNews) - Adobe Inc. (ADBE) announced on Thursday that its long-time Chief Executive Officer Shantanu Narayen plans to step down from the CEO role once a successor is appointed. Narayen, who has led Adobe for 18 years, will remain as Chair of the Board following the leadership transition. The company's board has launched a formal search for a new CEO, considering both internal and external candi...
(RTTNews) - Adobe Inc. (ADBE) announced on Thursday that its long-time Chief Executive Officer Shantanu Narayen plans to step down from the CEO role once a successor is appointed. Narayen, who has led Adobe for 18 years, will remain as Chair of the Board following the leadership transition. The company's board has launched a formal search for a new CEO, considering both internal and external candidates. Frank Calderoni has been appointed chair of a special committee overseeing the succession process. Adobe said Narayen will continue serving as CEO during the transition period to help ensure continuity and a smooth leadership change. "On behalf of the Board, I want to recognize Shantanu's contributions as CEO and architect of Adobe's transformation over the past 18 years, and for positioning Adobe for success in the AI-driven era," said Frank Calderoni, Lead Independent Director of Adobe. "As we take the next step in succession planning, we are focused on selecting the right leader for this next exciting chapter of the company's growth and are grateful for Shantanu's continued leadership as CEO to ensure a smooth transition." The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.