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Some 30 per cent more Quebec homes to be in flood zones when new mapping takes effect

Some 30 per cent more Quebec homes to be in flood zones when new mapping takes effect

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Verizon Gains Momentum in the Wireless Vertical: Will it Persist?
Verizon Gains Momentum in the Wireless Vertical: Will it Persist?

Globe and Mail

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  • Globe and Mail

Verizon Gains Momentum in the Wireless Vertical: Will it Persist?

Verizon Communications, Inc. VZ is witnessing significant 5G adoption and fixed wireless broadband momentum. In the first quarter of 2025, the company recorded 2.4 million wireless retail postpaid gross ads and 3.6 million wireless postpaid upgrades. Verizon's 5G network is built upon three fundamental drivers to deliver the full potential of next-generation wireless technology. These include massive spectrum holdings, particularly in the millimeter-wave bands for faster data transfer, end-to-end deep fiber resources and the ability to deploy a large number of small cells. The company is steadily accelerating the availability of 5G Ultra-Wideband network across the country. It holds a total of 2,035 MHz of spectrum with the acquisition of C-band spectrum. The C-band spectrum offers greater coverage for 5G networks and greater speeds than on low-band spectrum and paves the way to provide differentiated service of 5G Ultra-Wideband service to millions of customers. The company has formed several strategic partnerships to boost its 5G capability. It has collaborated with Ericsson and Qualcomm Technologies to demonstrate a remarkable 480 Mbps uplink speed using sub-6 GHz spectrum. Faster uplink speed is critical for a wide range of use cases such as AI-driven applications, smart surveillance and industrial automation, augmented reality and more. The company also achieved an impressive download speed of 5.5 Gbps utilizing carrier aggregation and 5G virtualization. Verizon collaborated with Samsung Electronics and MediaTek during this venture. Such an initiative is expected to boost Verizon's competitive edge in the highly saturated U.S. wireless industry. How Are Competitors Faring? Verizon faces competition from T-Mobile, US, Inc. TMUS and AT&T, Inc. T in the wireless industry. T-Mobile boasts a strong position in the 5G market. The company's 5G network covers 98% or 330 million people in the country. T-Mobile continues to deploy 5G with the mid-band 2.5 GHz spectrum from Sprint. The 2.5 GHz provides fast delivery, superfast speeds and extensive coverage with signals that go through walls and trees, unlike 5G networks, which are controlled by the mmWave spectrum. AT&T is also aggressively expanding its 5G network, currently covering 295 million people nationwide. Its 5G service entails the utilization of millimeter wave spectrum for deployment in dense pockets, while in suburban and rural areas, the company intends to deploy 5G on mid and low-band spectrum holdings. AT&T 5G+ utilizes high-band spectrum to provide super-fast speed and is more responsive to the most demanding apps and services, making it ideal for high-traffic areas and large-scale venues and airports. The 5G+ is expected to drive customer addition in the long run. VZ's Price Performance, Valuation and Estimates Verizon has gained 8.8% over the past year compared with the Wireless National industry's growth of 28.3%. Image Source: Zacks Investment Research Going by the price/earnings ratio, the company's shares currently trade at 9.05 forward earnings, down from 13.34 for the industry but above the stock's mean of 8.95. It carries a Value Score of A. Image Source: Zacks Investment Research Earnings estimates for 2025 have declined 0.21% to $4.69 over the past 60 days, while the same for 2026 has remained unchanged at $4.86. Verizon currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T Inc. (T): Free Stock Analysis Report Verizon Communications Inc. (VZ): Free Stock Analysis Report T-Mobile US, Inc. (TMUS): Free Stock Analysis Report

Is Ford Pro Unit Doing the Heavy Lifting for the Company's Growth?
Is Ford Pro Unit Doing the Heavy Lifting for the Company's Growth?

Globe and Mail

time39 minutes ago

  • Globe and Mail

Is Ford Pro Unit Doing the Heavy Lifting for the Company's Growth?

U.S. auto giant Ford Motor Company F runs three business segments — Ford Pro, Model e and Ford Blue. On its latest earnings release, Ford Pro clocked $1.3 billion EBIT. Ford Blue reported $96 million EBIT, a slump from the prior-year quarter's $901 million, losing significant momentum. The Model e segment could not break its streak of continuous losses. Thus, Ford Pro has proven to be the only competitive advantage in Ford's stride. The Ford Pro segment offers products and services to its commercial customers, including small businesses, fleet operators and government agencies. The lineup of customer favourites, such as F-150, Transit Van, Super Duty, Maverick, makes it a strong product-driven segment. Ford also provides additional services like fleet management and financing options to its customers. Ford Pro currently holds 40% market share in North America and aims to maintain EBIT margins in the mid-teens. The segment has around 675,000 paid software subscriptions, with strong ARPU growth driving incremental revenues. Software services also serve as a countercyclical measure for the segment. Ford Pro plans to emerge as a growth engine by accompanying traditional automotive services with software-defined vehicles and connected services to fleet customers. The sustainable methods adopted in this segment, while also ensuring capital efficiency, have provided Ford with a firm foundation and improved capabilities. Its remaining segments now plan on following Ford Pro's footsteps to revive operations. As of now, Ford Pro remains a segment of high strategic importance. The Zacks Rundown for Ford Some other stocks in the Auto space are Tesla, Inc. TSLA and General Motors Company GM. Shares of Ford have lost around 2% over the past year against the industry 's growth of 22.9%. Its peers, General Motors and Tesla, have gained 7.7% and 83.3%, respectively, over the same period. From a valuation standpoint, F trades at a forward price-to-sales ratio of 0.26, below the industry average. It carries a Value Score of A. In comparison to this, General Motors and Tesla trade at 0.28 and 9.48, respectively, with a Value score of A and F. Image Source: Zacks Investment Research Take a look at how Ford's EPS estimates have been revised over the past 30 days. Ford stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report

Credo Expects Revenues to Top $800M in FY26: Is the Growth Sustainable?
Credo Expects Revenues to Top $800M in FY26: Is the Growth Sustainable?

Globe and Mail

time40 minutes ago

  • Globe and Mail

Credo Expects Revenues to Top $800M in FY26: Is the Growth Sustainable?

Credo Technology Group Holding Ltd CRDO has set an ambitious tone for fiscal 2026, guiding revenues of more than $800 million compared with $437 million reported in fiscal 2025. Fiscal 2025 revenues rose 126% year over year amid exponential data growth and rapid AI proliferation, which is driving demand for faster and energy-efficient connectivity solutions. This bodes well for Credo. One of Credo's key strengths lies in its Active Electrical Cables ('AEC') product line, which posted double-digit sequential growth in the fiscal fourth quarter. The growth is driven by its increasing adoption in the data center market. The demand for AECs is increasing as ZeroFlap AECs offer more than 100 times improved reliability than laser-based optical solutions. Moreover, Credo's system-level approach is giving it a competitive edge. It owns the entire stack of SerDes IP, Retimer ICs, system-level design, qualification and production. This integrated approach allows faster innovation cycles and strong cost efficiency. With demonstration of PCIe Gen6 AECs and increasing hyperscaler interest, this product line is expected to remain a growth engine going ahead. Momentum in the optical business bodes well. CRDO achieved revenue targets for this business in fiscal 2025 and expects expansion of customer diversity across lane rates, port speeds and applications to accelerate revenue growth going ahead. CRDO's PCIe retimers and Ethernet retimers continue to witness customer interest, especially for scale-out networks in AI servers. Credo highlighted that the retimer business delivered 'robust' performance in both the fiscal fourth quarter and fiscal 2025, driven by 50 gig and 100 gig per lane Ethernet solutions. This growing demand underscores the increasing importance of high-performance solutions in the rapidly expanding AI-server market. Shift to 100 gig per lane solutions and higher demand for system-level expertise and software capabilities for dealing with AI-optimized architectures bode well for CRDO's retimer business. That said, increasing market competition and macroeconomic uncertainties may impact CRDO's growth trajectory. Credo competes with semiconductor giants like Broadcom Inc. AVGO and Marvell Technology, Inc. MRVL. Taking a Look at AVGO & MRVL Revenue Guidance Broadcom does not provide guidance for the full year but has provided third-quarter fiscal 2025 view. For third-quarter fiscal 2025, Broadcom expects revenues of $15.8 billion, up 21% year over year. Semiconductor revenues are anticipated to grow 25% year over year to $9.1 billion. AI semiconductor revenues are projected to grow 60% year over year to $5.1 billion, whereas non-AI semiconductor revenues are expected to reach $4 billion. AI revenues are benefiting from investments from hyperscale partners in AI XPUs and connectivity solutions for AI data centers. Infrastructure Software revenues are expected to grow 16% year over year to $6.7 billion. Marvell Technology expects revenues to be $2 billion (+/- 5%) for the second quarter of fiscal 2026, indicating growth of 57% year over year. The growth is likely to be driven by demand for AI-driven custom silicon, which has become the biggest component of Marvell Technology's data-center revenues. It expects data-center revenues to increase in the mid-single-digit range sequentially and maintain strong year-over-year growth. MRVL delivered approximately $1.9 billion in revenues for the first quarter of fiscal 2026, up 63% year over year, while data center end-market revenues of $1.44 billion rose 76% year over year. CRDO Price Performance, Valuation and Estimates Shares of CRDO gained 6.5% year to date compared with the Electronics-Semiconductors industry's growth of 6.8%. Image Source: Zacks Investment Research In terms of the forward 12-month price/sales ratio, CRDO is trading at 15.16, higher than the Electronic-Semiconductors sector's multiple of 8.21. Image Source: Zacks Investment Research The Zacks Consensus Estimate for CRDO earnings for fiscal 2026 has seen a significant upward revision over the past 60 days. CRDO currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis Report Credo Technology Group Holding Ltd. (CRDO): Free Stock Analysis Report This article originally published on Zacks Investment Research (

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