WhiteFiber ( WYFI ) signed a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer. The deployment will be based in the Paris region and use advanced NVIDIA GPU systems. The contract carries a total value exceeding $160M over five years. Service is expected to begin in July 2026. WhiteFiber also entered a binding term sheet for project-level financing...
WhiteFiber ( WYFI ) signed a five-year agreement to provide AI compute infrastructure for an investment-grade technology customer. The deployment will be based in the Paris region and use advanced NVIDIA GPU systems. The contract carries a total value exceeding $160M over five years. Service is expected to begin in July 2026. WhiteFiber also entered a binding term sheet for project-level financing expected to close in June 2026. More on WhiteFiber, Inc. WhiteFiber, Inc. (WYFI) Q1 2026 Earnings Call Transcript WhiteFiber: Look Past Q4 Noise For The $865M NC-1 Inflection Point WhiteFiber, Inc. (WYFI) Q4 2025 Earnings Call Transcript WhiteFibe GAAP EPS of -$0.31 misses by $0.02, revenue of $21.92M beats by $0.67M WhiteFiber jumps after BTIG initiates coverage with Buy rating
MPLX Analysis Data by YCharts I've been searching far and wide for the best master limited partnerships. The names that keep landing on my list include Enterprise Product Partners L.P. ( EPD ), Western Midstream Partners, LP ( WES ), Energy Transfer Partners LP ( ET ), and now one new name: MPLX LP ( MPLX ). This is right up there among my top picks in the entire energy sector, and here's why: MPL...
MPLX Analysis Data by YCharts I've been searching far and wide for the best master limited partnerships. The names that keep landing on my list include Enterprise Product Partners L.P. ( EPD ), Western Midstream Partners, LP ( WES ), Energy Transfer Partners LP ( ET ), and now one new name: MPLX LP ( MPLX ). This is right up there among my top picks in the entire energy sector, and here's why: MPLX gives you most of what makes Western Midstream attractive, the high starting yield and real distribution growth, without carrying the same commodity and customer-concentration risk. And it gives you what makes Enterprise a fortress, the balance sheet and the contract quality, while trading cheaper and growing faster. It sits lower on the risk curve than Western, and it offers more upside than Enterprise. That's why I think its shares are a strong buy here, despite more than doubling in price over the past 5 years, as I argue below. Cheaper and Faster Than Enterprise Metric MPLX [MPLX] Enterprise Products [EPD] Unit price $55.47 $39.23 Market cap $56.4 billion $86.0 billion Total debt $26.1 billion $34.9 billion Enterprise value $81.3 billion $120.8 billion Distribution yield (TTM) 7.53% 5.50% P/E non-GAAP (TTM) 12.35x 14.49x P/E (forward, 2026E) 12.15x 13.82x P/E (2027E) 11.26x 12.67x EV/EBITDA (forward) 11.11x 11.26x Price/Book (forward) 3.89x 2.80x EPS growth (2026E/2027E) 5.62% / 7.91% 7.47% / 9.12% SA Valuation Grade A- B- Click to enlarge Let's start with valuation, because this is where MPLX separates from the group. Units yield close to 8% and trade around 12 times earnings. Now look at Enterprise. I recently covered Enterprise and called it a blue chip, no longer a bargain . The business is excellent. When you look at the valuation, though, it's really hard to call this a buy right now. Enterprise is yielding under 6% as of writing (5.61% to be exact). That's actually not far off from many oil producers that are not master limited partnerships. As a master limited...
Elon Musk’s “Muskonomy” is growing, but it may spell trouble for Tesla. SpaceX’s pending IPO reportedly scheduled for June will double Musk’s publicly traded companies, joining Tesla as a target for investors betting on the CEO’s moonshot goals around automation and space exploration. But rather than seeing twice the opportunity to cash in on a Musk-led enterprise, investors and analysts instead s...
Elon Musk’s “Muskonomy” is growing, but it may spell trouble for Tesla. SpaceX’s pending IPO reportedly scheduled for June will double Musk’s publicly traded companies, joining Tesla as a target for investors betting on the CEO’s moonshot goals around automation and space exploration. But rather than seeing twice the opportunity to cash in on a Musk-led enterprise, investors and analysts instead see red flags for Tesla stock. “This cannot be a positive for Tesla,” Joe Gilbert, portfolio manager at Integrity Asset Management, told Bloomberg. “We believe that Musk’s focus will predominantly be lasered on SpaceX. Musk has proved to be able to balance multiple initiatives simultaneously in the past, but it feels like SpaceX is his new baby at the expense of Tesla.” Tesla has had a difficult year: It saw the company’s first full-year revenue decline in its history last year, and despite improved sales in the first three months of this year, deliveries have fallen below analysts’ expectations, and production has continued to outpace sales. Tesla did not respond to Fortune’s request for comment. Though its stock is down about 5% year-to-date, Tesla’s stock trades well above what its fundamental performance reflects, according to analysts. Musk has recently touted Tesla as less of an electric vehicle producer and more of an AI and robotics company, exemplified by his projection that 80% of the company’s total value will be represented in its humanoid Optimus robot, despite no evidence of the project’s scaling, let alone to Musk’s goal of an annual capacity of 1 million robots. SpaceX tells a different story. Among the stakeholders in conversations about putting data centers in space to scale the growth of AI, SpaceX has already shown promise of strong returns with Starlink, its satellite internet with more than 10 million subscribers, as well as its grip on the global orbital launch market, using reusable rocket boosters. The company’s IPO prospectus reveals a full-year rev...
Elon Musk’s “Muskonomy” is growing, but it may spell trouble for Tesla. SpaceX’s pending IPO reportedly scheduled for June will double Musk’s publicly traded companies, joining Tesla as a target for investors betting on the CEO’s moonshot goals around automation and space exploration. But rather than seeing twice the opportunity to cash in on a Musk-led enterprise, investors and analysts instead s...
Elon Musk’s “Muskonomy” is growing, but it may spell trouble for Tesla. SpaceX’s pending IPO reportedly scheduled for June will double Musk’s publicly traded companies, joining Tesla as a target for investors betting on the CEO’s moonshot goals around automation and space exploration. But rather than seeing twice the opportunity to cash in on a Musk-led enterprise, investors and analysts instead see red flags for Tesla stock. “This cannot be a positive for Tesla,” Joe Gilbert, portfolio manager at Integrity Asset Management, told Bloomberg. “We believe that Musk’s focus will predominantly be lasered on SpaceX. Musk has proved to be able to balance multiple initiatives simultaneously in the past, but it feels like SpaceX is his new baby at the expense of Tesla.” Tesla has had a difficult year: It saw the company’s first full-year revenue decline in its history last year, and despite improved sales in the first three months of this year, deliveries have fallen below analysts’ expectations, and production has continued to outpace sales. Tesla did not respond to Fortune’s request for comment. Though its stock is down about 5% year-to-date, Tesla’s stock trades well above what its fundamental performance reflects, according to analysts. Musk has recently touted Tesla as less of an electric vehicle producer and more of an AI and robotics company, exemplified by his projection that 80% of the company’s total value will be represented in its humanoid Optimus robot, despite no evidence of the project’s scaling, let alone to Musk’s goal of an annual capacity of 1 million robots. SpaceX tells a different story. Among the stakeholders in conversations about putting data centers in space to scale the growth of AI, SpaceX has already shown promise of strong returns with Starlink, its satellite internet with more than 10 million subscribers, as well as its grip on the global orbital launch market, using reusable rocket boosters. The company’s IPO prospectus reveals a full-year rev...
Waymo has suspended robotaxi service on freeways in San Francisco, Los Angeles, Phoenix, and Miami as it works to improve performance in construction zones, the company confirmed to TechCrunch on Thursday. Waymo said it’s in the process of integrating “recent technical learnings into our software and expect to resume these routes soon.” Waymo robotaxis are still operating on surface streets in tho...
Waymo has suspended robotaxi service on freeways in San Francisco, Los Angeles, Phoenix, and Miami as it works to improve performance in construction zones, the company confirmed to TechCrunch on Thursday. Waymo said it’s in the process of integrating “recent technical learnings into our software and expect to resume these routes soon.” Waymo robotaxis are still operating on surface streets in those cities. The decision to pull robotaxis off of freeways follows Waymo’s decision to pause operations in Atlanta and San Antonio, Texas to address problems with flooding in those cities. The company announced a software recall last week that was supposed to help its fleet avoid flooded areas in San Antonio, in which service has been halted for weeks, while it worked on a more permanent fix. At least one robotaxi was spotted getting stuck in Atlanta this week, causing Waymo to suspend operations there, too. These service interruptions come as Waymo is pushing to expand to a number of new cities around the globe this year, with the goal of offering as many as one million paid rides per week at the end of 2026. Waymo is also currently testing its new Zeekr-built robotaxi, which it calls Ojai, and is expected to start offering rides in that vehicle in the coming months. Waymo started offering highway rides in late 2025. Putting its robotaxis on these higher-speed roads has been crucial to its expansion in large metro areas, as it helps the company better connect riders to local airports, and reduces ride times by skipping surface streets. In the Bay Area in particular, freeway travel has helped Waymo dramatically cut trip times across the peninsula that previously took anywhere from 45 minutes to over an hour. Waymo didn’t cite a specific incident behind its decision to suspend freeway driving this week. But the company’s robotaxis have been spotted struggling with highway construction zones. On May 19, X user @Elliot_slade posted a video claiming that his Waymo ride “blasted ...
Coinbase Global's ( COIN ) derivatives arm will launch the first perpetual-style equity index futures listed on a U.S.-regulated exchange, starting June 8, 2026, the company said Thursday. The initial offerings will include four thematic contracts tracking artificial intelligence, China, defense, and top Nasdaq companies, "giving traders capital-efficient exposure to the most ubiquitous themes in ...
Coinbase Global's ( COIN ) derivatives arm will launch the first perpetual-style equity index futures listed on a U.S.-regulated exchange, starting June 8, 2026, the company said Thursday. The initial offerings will include four thematic contracts tracking artificial intelligence, China, defense, and top Nasdaq companies, "giving traders capital-efficient exposure to the most ubiquitous themes in the market today," it said. The contracts' targeted themes allow focused exposure to an equity theme through a single futures contract. The perpetual-style structure is designed to keep futures prices closely aligned with the underlying index. They'll trade on a regulated U.S. futures exchange 24 hours a day with centralized liquidity, transparent price discovery, and institutional market infrastructure. And the contracts benefit from 60/40 tax treatment, potentially offering efficiencies compared with trading equities or ETFs directly, Coinbase ( COIN ) said. The contracts to be offered are: AI10 Index perpetual-style futures China10 Index perpetual-style futures Defense10 Index perpetual-style futures Tech100 Index perpetual-style futures The AI10, China10, Defense10, and Tech100 Index perpetual-style futures are cash-settled contracts with funding rates that keep futures prices closely aligned with their underlying indexes. Each contract represents 1x of their respective index, Coinbase said. Coinbase ( COIN ) stock rose 0.2% in after-hours trading. More on Coinbase Coinbase Global, Inc. (COIN) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Coinbase Global, Inc. (COIN) Q1 2026 Earnings Call Transcript Coinbase Global, Inc. 2026 Q1 - Results - Earnings Call Presentation Sen. Elizabeth Warren questions OCC over granting national trust charters to crypto companies Trump discloses $220M in trades tied to U.S. companies in Q1
Key Points Miller Value Partners initiated a new CRGY stake in the first quarter, adding 2,003,132 shares. The position value was $27.04 million at quarter's end. The transaction represented a 5.5% increase relative to 13F reportable assets under management. 10 stocks we like better than Crescent Energy › Miller Value Partners initiated a new position in Crescent Energy (NYSE:CRGY) in its May 15, ...
Key Points Miller Value Partners initiated a new CRGY stake in the first quarter, adding 2,003,132 shares. The position value was $27.04 million at quarter's end. The transaction represented a 5.5% increase relative to 13F reportable assets under management. 10 stocks we like better than Crescent Energy › Miller Value Partners initiated a new position in Crescent Energy (NYSE:CRGY) in its May 15, 2026, SEC filing, acquiring 2,003,132 shares for an estimated $20.98 million based on quarterly average pricing. What happened According to a SEC filing dated May 15, 2026, Miller Value Partners disclosed a new position in Crescent Energy, acquiring 2,003,132 shares. The estimated transaction value was approximately $20.98 million, based on the average closing price during the first quarter of 2026. The quarter-end value of the position rose to $27.04 million, reflecting both the share acquisition and changes in CRGY’s stock price through March 31, 2026. What else to know This was a new position, representing 7.06% of Miller Value Partners’ 13F reportable assets under management as of March 31, 2026 Top holdings after the filing: NYSE: NBR: $38.25 million (10.0% of AUM) NYSE: GTN: $23.31 million (6.1% of AUM) NYSE: LNC: $20.26 million (5.3% of AUM) NYSEMKT: SPY: $19.54 million (5.1% of AUM) As of Thursday, Crescent Energy shares were priced at $13.10, up about 50% over the past year and well outperforming the S&P 500, which is instead up about 27%. Company Overview Metric Value Revenue (TTM) $3.8 billion Net Income (TTM) ($284.79 million) Dividend Yield 3.78% Company Snapshot Crescent Energy produces and sells crude oil, natural gas, and natural gas liquids from a diversified portfolio of U.S. basins, including Eagle Ford, Rockies, Barnett, Permian, and Mid-Continent. The firm operates an upstream exploration and production business model, generating revenue primarily from the extraction and sale of hydrocarbons. It is headquartered in Houston, Texas, with a focus on operat...
Image source: The Motley Fool. Thursday, March 26, 2026 at 4:30 p.m. ET CALL PARTICIPANTS President & Chief Executive Officer — Sabrina Martucci Johnson Chief Accounting Officer & Secretary — MarDee Haring-Layton Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Cash & Cash Equivalents -- $24.7 million at year-end, providing near-term operating runway. -- $24.7 million at ...
Image source: The Motley Fool. Thursday, March 26, 2026 at 4:30 p.m. ET CALL PARTICIPANTS President & Chief Executive Officer — Sabrina Martucci Johnson Chief Accounting Officer & Secretary — MarDee Haring-Layton Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Cash & Cash Equivalents -- $24.7 million at year-end, providing near-term operating runway. -- $24.7 million at year-end, providing near-term operating runway. Working Capital -- $3.4 million at December 31, 2025, reflecting post-liquidity positioning. -- $3.4 million at December 31, 2025, reflecting post-liquidity positioning. Capital Raised -- $20.8 million in net equity proceeds from ATM and equity line in 2025. -- $20.8 million in net equity proceeds from ATM and equity line in 2025. Non-dilutive Grant Funding -- $13.6 million from the Gates Foundation, $4.5 million from ARPA-H, and $1.3 million from NIH, supporting capital efficiency. -- $13.6 million from the Gates Foundation, $4.5 million from ARPA-H, and $1.3 million from NIH, supporting capital efficiency. SG&A Expenses -- $8.8 million, down from $9.2 million due to lower stock-based compensation, reduced personnel, and corporate overhead, partially offset by DARE to PLAY launch and higher professional services expenses. -- $8.8 million, down from $9.2 million due to lower stock-based compensation, reduced personnel, and corporate overhead, partially offset by DARE to PLAY launch and higher professional services expenses. R&D Expenses -- $5.5 million, down from $14.3 million, with grant funding directly offsetting reported R&D line by $13.9 million (versus $7.7 million), indicating actual investment levels near prior year. -- $5.5 million, down from $14.3 million, with grant funding directly offsetting reported R&D line by $13.9 million (versus $7.7 million), indicating actual investment levels near prior year. DARE to PLAY Prescriptions -- Prescribing live in all 50 states as of February 2026; dispensing expected to begin i...
Earnings Call Insights: NetEase (NTES) Q1 2026 Management View “2026 is off to a solid start, with total revenue reaching RMB 30.6 billion in the first quarter, driven by continued momentum in our games business.” (Vice President of Corporate Development Bill Pang) “Our games and related value-add services generated net revenues of RMB 25.7 billion, reflecting our strength in long-term game operat...
Earnings Call Insights: NetEase (NTES) Q1 2026 Management View “2026 is off to a solid start, with total revenue reaching RMB 30.6 billion in the first quarter, driven by continued momentum in our games business.” (Vice President of Corporate Development Bill Pang) “Our games and related value-add services generated net revenues of RMB 25.7 billion, reflecting our strength in long-term game operations and growing global appeal.” (Vice President of Corporate Development Pang) “More recently, the game introduced a version 1.6… The update was well received by players, propelling the game to #2 on Steam's global top seller chart.” (Vice President of Corporate Development Pang) “Fantasy Westward Journey… Peak concurrent users reached a new high of 3.9 million, and the title recorded its highest ever quarterly revenue, underscoring its continued vitality.” (Vice President of Corporate Development Pang) “New titles in our pipeline remain on track, with Sea of Elements and Ananta making steady progress towards launch.” (Vice President of Corporate Development Pang) “Our total net revenue for the first quarter were RMB 30.6 billion or USD 4.4 billion, representing a 6% increase year-over-year.” (Vice President of Finance Aileen Bin Mo) Outlook “Our team is now actively preparing for the upcoming Dawnbreaker test… as we work towards our targeted Q3 launch window.” (Founder, CEO & Director William Ding) “In terms of monetization, we're designing it as a natural extension of the overall gameplay with characters at the heart of the experience and cosmetics customization at the core of our monetization design, keeping the experience rich but without too much burden.” (CEO Ding) “We do not shy away from competition, but our focus is more on differentiation.” (CEO Ding) “We'd rather take the time to get it right than ship something average in a rush.” (CEO Ding) Compared with the prior quarter call, management’s new forward-looking timeline emphasis centered on Sea of Elements: “we...
UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse ’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening a standoff between the Swiss bank and its critics in Washington. “In many respects, UBS rejects the Ombudsperson’s narrative,” the bank said in a website statement as it released new responses to a Senate committee that has pushed ...
UBS Group AG accused the US lawyer overseeing a six-year-old inquiry into Credit Suisse ’s handling of Nazi-linked accounts of bias and exceeding his mandate, deepening a standoff between the Swiss bank and its critics in Washington. “In many respects, UBS rejects the Ombudsperson’s narrative,” the bank said in a website statement as it released new responses to a Senate committee that has pushed it to be more open in the case. “All too often, his reporting reads less like an objective, accurate, and fair history written by a neutral ombudsperson and more like a biased narrative.” The criticism is likely to raise political pressure on UBS over the issue. It follows a Senate Judiciary Committee hearing earlier this year at which lawmakers accused the bank of obstructing the investigation. Chairman Charles Grassley , an Iowa Republican, has said he may hold new hearings if the bank doesn’t cooperate more with the probe. In a letter to UBS demanding more information from the bank last month, Grassley said the bank’s recent behavior calls “into question UBS’s candor to the committee and its commitment to a thorough investigation.” UBS defended its cooperation, saying it’s provided more than 48 million pages of documents and spent more than $250 million on the probes, including more than $100 million paid to the ombudsperson’s law firm since 2021. Read More: UBS Faces New Pressure on Nazi Accounts From Senate Panel Credit Suisse hired Neil Barofsky , a prominent Washington attorney, to oversee the inquiry in 2021 but fired him a year later as his investigation expanded. After pressure from the Senate, UBS, which took over Credit Suisse in 2023, rehired him later that year. Yet as the investigation dragged on, the bank late last year began to object to his requests for additional materials. Barofsky defended his approach and accused the bank of trying to impose undue limits on the inquiry. Barofsky didn’t immediately respond to a request for comment on Thursday. In a lett...
Alibaba Group Holding Limited (NYSE:BABA) is one of the 10 AI Stocks That Are About to Explode. On May 15, Susquehanna increased its price target on Alibaba Group Holding Limited (NYSE:BABA) from $170 to $185 while maintaining a Positive rating on the stock. The research firm said that Alibaba Group Holding Limited (NYSE:BABA) has seen a decline in profitability as it continues to invest heavily i...
Alibaba Group Holding Limited (NYSE:BABA) is one of the 10 AI Stocks That Are About to Explode. On May 15, Susquehanna increased its price target on Alibaba Group Holding Limited (NYSE:BABA) from $170 to $185 while maintaining a Positive rating on the stock. The research firm said that Alibaba Group Holding Limited (NYSE:BABA) has seen a decline in profitability as it continues to invest heavily in long-term growth initiatives. Susquehanna noted that the company’s management sees major growth opportunities ahead, supported by accelerating cloud growth and triple-digit AI growth. Alibaba (BABA) Price Target Raised to $185 by Susquehanna Earlier, on May 14, Benchmark reaffirmed its Buy rating on Alibaba Group Holding Limited (NYSE:BABA) with a price target of $220 on the stock. This update came after the company announced its financial results for the quarter and fiscal year ended March 31, 2026. Benchmark said Alibaba Group Holding Limited (NYSE:BABA) reiterated a clear path toward breakeven in its quick commerce business. The firm noted that unit economics are expected to turn positive by the end of the fiscal year, while losses are projected to decline by half over the next two years. The research firm expects more than 35% compound annual EBITA growth for China e-commerce. Alibaba Group Holding Limited (NYSE:BABA) is a Chinese multinational technology company focused on e-commerce, retail, AI, digital media and entertainment, cloud, and technology. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Aggressive Growth Stocks to Buy According to Wall Street Analysts and 10 Mid-Cap Stocks That Are On Fire Right Now. Disclosure: None. Follow Insider Monkey ...
Ross Stores (ROST) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.80%. A quarter ago, it was expected that this discount retailer would post earnings of $1.65 per share ...
Ross Stores (ROST) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.80%. A quarter ago, it was expected that this discount retailer would post earnings of $1.65 per share when it actually produced earnings of $1.79, delivering a surprise of 8.48%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Ross Stores , which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $4.98 billion for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.35%. This compares to year-ago revenues of $4.86 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ross Stores shares have added about 0.9% since the beginning of the year versus the S&P 500's decline of -0.6%. What's Next for Ross Stores? While Ross Stores has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revision...
Workday (WDAY) came out with quarterly earnings of $2.66 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.94%. A quarter ago, it was expected that this maker of human resources software would post earnings of $2....
Workday (WDAY) came out with quarterly earnings of $2.66 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.94%. A quarter ago, it was expected that this maker of human resources software would post earnings of $2.3 per share when it actually produced earnings of $2.47, delivering a surprise of +7.39%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Workday, which belongs to the Zacks Internet - Software industry, posted revenues of $2.54 billion for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $2.24 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Workday shares have lost about 41.1% since the beginning of the year versus the S&P 500's gain of 8.6%. What's Next for Workday? While Workday has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead o...
AT&T sued California yesterday over the state's refusal to let the carrier stop providing phone service to all potential customers in its wireline network territory. AT&T is also asking the Federal Communications Commission to declare that California cannot enforce its rules and to let AT&T stop providing service to about 199,000 phone customers. "California requires AT&T to spend $1 billion each ...
AT&T sued California yesterday over the state's refusal to let the carrier stop providing phone service to all potential customers in its wireline network territory. AT&T is also asking the Federal Communications Commission to declare that California cannot enforce its rules and to let AT&T stop providing service to about 199,000 phone customers. "California requires AT&T to spend $1 billion each year to maintain a century-old telephone network that almost no one uses," AT&T said in a lawsuit filed in US District Court for the Southern District of California. "The copper wires that once served every home now serve just three percent of households in AT&T’s California territory, with consumers fleeing every day to modern broadband services that are more affordable, reliable, and energy-efficient." In June 2024, the California Public Utilities Commission (CPUC) rejected AT&T’s request to eliminate the Carrier of Last Resort (COLR) obligation that requires it to provide landline telephone service to any potential customer in its service territory. AT&T has said it's received relief from COLR obligations in 20 of the 21 states in its wireline service territory, all except California. Read full article Comments