Microsoft (MSFT) Gets a Hold from KeyBanc
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In addition to KeyBanc, Microsoft also received a Hold from Guggenheim's John Difucci in a report issued on July 21. However, today, Evercore ISI maintained a Buy rating on Microsoft (NASDAQ: MSFT).
MSFT market cap is currently $3797.1B and has a P/E ratio of 39.09.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSFT in relation to earlier this year. Last month, Takeshi Numoto, the EVP, CMO of MSFT sold 3,000.00 shares for a total of $1,389,000.00.
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Toronto Sun
10 minutes ago
- Toronto Sun
Employee protests lead to 18 arrests as Microsoft reviews work with Israel's military
Published Aug 20, 2025 • 3 minute read FILE - A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. Photo by Jason Redmond / AP Police officers arrested 18 people at worker-led protests at Microsoft headquarters Wednesday as the tech company promises an 'urgent' review of the Israeli military's use of its technology during the ongoing war in Gaza. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Two consecutive days of protest at the Microsoft campus in Redmond, Wash., called for the tech giant to immediately cut its business ties with Israel. But unlike Tuesday, when about 35 protesters occupying a plaza between office buildings left after Microsoft asked them to leave, the protesters on Wednesday 'resisted and became aggressive' after the company told police they were trespassing, according to the Redmond Police Department. The protesters also splattered red paint resembling the colour of blood over a landmark sign that bears the company logo and spells Microsoft in big grey letters. 'We said, 'Please leave or you will be arrested,' and they chose not to leave so they were detained,' said police spokesperson Jill Green. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Microsoft late last week said it was tapping a law firm to investigate allegations reported by British newspaper The Guardian that the Israeli Defence Forces used Microsoft's Azure cloud computing platform to store phone call data obtained through the mass surveillance of Palestinians in Gaza and the West Bank. 'Microsoft's standard terms of service prohibit this type of usage,' the company said in a statement posted Friday, adding that the report raises 'precise allegations that merit a full and urgent review.' In February, The Associated Press revealed previously unreported details about the tech giant's close partnership with the Israeli Ministry of Defence, with military use of commercial artificial intelligence products skyrocketing by nearly 200 times after the deadly Oct. 7, 2023, Hamas attack. The AP reported that the Israeli military uses Azure to transcribe, translate and process intelligence gathered through mass surveillance, which can then be cross-checked with Israel's in-house AI-enabled targeting systems. This advertisement has not loaded yet, but your article continues below. Following The AP's report, Microsoft acknowledged the military applications but said a review it commissioned found no evidence that its Azure platform and artificial intelligence technologies were used to target or harm people in Gaza. Microsoft did not share a copy of that review or say who conducted it. Microsoft said it will share the latest review's findings after it's completed by law firm Covington & Burling. The promise of a second review was insufficient for the employee-led No Azure for Apartheid group, which for months has protested Microsoft's supplying the Israeli military with technology used for its war against Hamas in Gaza. The group said Wednesday the technology is 'being used to surveil, starve and kill Palestinians.' This advertisement has not loaded yet, but your article continues below. Microsoft in May fired an employee who interrupted a speech by CEO Satya Nadella to protest the contracts, and in April, fired two others who interrupted the company's 50th anniversary celebration. On Tuesday, the protesters posted online a call for what they called a 'worker intifada,' using language evoking the Palestinian uprisings against Israeli military occupation that began in 1987. On Wednesday, the police department said it took 18 people into custody 'for multiple charges, including trespassing, malicious mischief, resisting arrest, and obstruction.' It wasn't clear how many were Microsoft employees. No injuries were reported. Microsoft said in a statement after the arrests that it 'will continue to do the hard work needed to uphold its human rights standards in the Middle East, while supporting and taking clear steps to address unlawful actions that damage property, disrupt business or that threaten and harm others.' Read More Columnists Toronto Maple Leafs Toronto & GTA World Editorials
Globe and Mail
2 hours ago
- Globe and Mail
Currency Exchange International, Corp. Announces Approval to Amend Share Buyback Program
TORONTO, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Currency Exchange International, Corp. ('CXI' or the 'Company') (TSX:CXI) (OTCQX:CURN) today announced acceptance by the Toronto Stock Exchange (the ' TSX ') of the Company's Notice of Intention to amend its normal course issuer bid (the ' NCIB '). The amendment is effective as of August 25, 2025, and increases the maximum number of common shares (the ' Shares ') of the Company that may be repurchased, from 316,646 Shares to 377,000 Shares, representing 8.09% of the 'public float' as at November 18, 2024 and 10% of the 'public float' as of today's date. As of November 18, 2024, CXI had 6,332,931 common shares issued and outstanding. Purchases under the NCIB began on December 2, 2024 and will terminate no later than December 1, 2025. The Company reserves the right to terminate the NCIB earlier if it feels that it is appropriate to do so. Under its current NCIB, as of August 18, 2025, the Company has repurchased 221,400 Common Shares, at a weighted-average price of C$20.84. All Shares will be purchased on the open market through the facilities of the TSX as well as on alternative Canadian trading platforms, at prevailing market rates and any Shares purchased by CXI will be cancelled. The actual number of Shares that may be purchased and the timing of any such purchases will be determined by CXI. Any purchases made by CXI pursuant to the share buyback program will be made in accordance with the rules and policies of the TSX. Under the policies of the TSX, CXI will have the right to repurchase under its share buyback program, during any one trading day, a maximum of 1,000 Shares. In addition, CXI will be allowed to make a block purchase (as such term is defined in the TSX Company Manual) once per week of Shares not directly or indirectly owned by the insiders of the Company, in accordance with TSX policies. CXI will fund the purchases through available cash. In deciding to amend the share buyback program, the Board of directors believes that the market price of the Common Shares may not, from time to time, fully reflect their long-term value. Accordingly, the purchase of the Common Shares under the amended share buyback program is in the best interests of the Company and an attractive and appropriate use of available funds. Although the Company has a present intention to acquire its Shares pursuant to the share buyback program, the Company will not be obligated to make any purchases and purchases may be suspended by the Company at any time. The Company has also amended its automatic share purchase plan (the ' ASPP ') with its broker to allow for the purchase of up to 377,000 Shares under the ASPP. All repurchases made under the ASPP will be included in computing the number of Shares purchased under the NCIB. About Currency Exchange International, Corp. Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, (' CXIFX '), its related APIs with core banking platforms, and through personal relationship managers. Consumers are served through Group-owned retail branches, agent retail branches, and its e-commerce platform, (' OnlineFX '). Contact Information CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This press release includes forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, demand and market outlook for wholesale and retail foreign currency exchange products and services, future growth, the timing and scale of future business plans, results of operations, performance, and business prospects and opportunities. Forward-looking statements are identified by the use of terms and phrases such as 'anticipate', 'believe', 'could', 'estimate', 'expect', 'intend', 'may', 'plan', 'predict', 'preliminary', 'project', 'will', 'would', and similar terms and phrases, including references to assumptions. Forward ‐ looking information in this release includes, but is not limited to, statements with respect to: the timing of purchases under the NCIB and ASPP, the Company's belief that the NCIB is advantageous to shareholders and that underlying value of the Company may not be reflected in the market price of its common shares and whether the Company will make any purchases of Shares under the NCIB. Forward-looking information is based on the opinions and estimates of management at the date such information is provided, and on information available to management at such time. Forward-looking information involves significant risks, uncertainties and assumptions that could cause the Company's actual results, performance, or achievements to differ materially from the results discussed or implied in such forward-looking information. Actual results may differ materially from results indicated in forward-looking information due to a number of factors including, without limitation, the competitive nature of the foreign exchange industry, the impact of infectious diseases or the evolving situation in Ukraine on factors relevant to the Company's business, currency exchange risks, the need for the Company to manage its planned growth, the effects of product development and the need for continued technological change, protection of the Company's proprietary rights, the effect of government regulation and compliance on the Company and the industry in which it operates, network security risks, the ability of the Company to maintain properly working systems, theft and risk of physical harm to personnel, reliance on key management personnel, global economic deterioration negatively impacting tourism, volatile securities markets impacting security pricing in a manner unrelated to operating performance and impeding access to capital or increasing the cost of capital as well as the factors identified throughout this press release and in the section entitled 'Risks and Uncertainties' of the Company's most recent Management's Discussion and Analysis filed on SEDAR+. The forward-looking information contained in this press release represents management's expectations as of the date hereof (or as of the date such information is otherwise stated to be presented) and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
Globe and Mail
2 hours ago
- Globe and Mail
Elite Express Holding Inc. Announces Pricing of $15.2 Million Initial Public Offering
LAGUNA HILLS, Calif., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Elite Express Holding Inc. (ETS), a last-mile delivery service provider based in California, today announced the pricing of its initial public offering of 3,800,000 shares of Class A common stock at a public offering price of $4.00 per share, for gross proceeds of approximately $15.2 million, before deducting underwriting discounts and offering expenses. In addition, ETS has granted the underwriters a 45-day option to purchase up to an additional 570,000 shares of Class A common stock at the initial public offering price. All shares of Class A common stock are being offered by ETS. The shares of Class A common stock are expected to begin trading on the Nasdaq Capital Market under the ticker symbol 'ETS' on August 21, 2025. The offering is expected to close on August 22, 2025, subject to the satisfaction of customary closing conditions. Dominari Securities LLC is acting as the representative of the underwriters for the offering, with Revere Securities acting as co-underwriter for the offering. Pacific Century Securities, LLC is acting as the advisor to ETS. A registration statement on Form S-1 (File No. 333-286965), as amended, was filed with the U.S. Securities and Exchange Commission (the 'SEC') and was declared effective on August 20, 2025. The offering is being made only by means of a prospectus forming part of the effective registration statement. A preliminary prospectus relating to the offering has been filed with the SEC. Copies of the final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at Electronic copies of the prospectus may be obtained from the underwriter by contacting Dominari Securities LLC at 725 Fifth Avenue, 23rd Floor, New York, NY 10022, by calling (212) 393-4500 or (800) 299-7618, or by emailing info@ This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Elite Express Holding Inc. ETS is a Delaware holding company that conducts its operations through its wholly owned subsidiary, JAR Transportation Inc., based in California. ETS provides last-mile delivery services, primarily focused on transporting packages from distribution centers to end customers within defined service areas. Leveraging logistics software to support route planning, driver oversight, and regulatory compliance, ETS is committed to enhancing operational efficiency and service reliability through the use of technology-driven solutions. Forward-Looking Statements This press release contains forward-looking statements, including but not limited to statements about the anticipated timing of the offering. These statements may be identified by the use of forward-looking expressions, including, but not limited to, 'anticipate,' 'believe,' 'continue,' 'estimate,' 'expect,' 'future,' 'intend,' 'may,' 'outlook,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would,' and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These statements relate to future events, including, but not limited to, statements relating to the expected closing date of the offering and expected gross proceeds from the offering. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ include risks related to our ability to satisfy the closing conditions related to the offering, general market and economic conditions, and those other risks as are detailed in ETS' filings with the SEC, including the registration statement on Form S-1 under the section 'Risk Factors.' ETS undertakes no obligation to update forward-looking statements except as required by law.
