Latest news with #Apogee
Yahoo
20-07-2025
- Business
- Yahoo
States agrees new five-year deal for IT equipment
A five-year deal has been agreed with a company to provide IT equipment for the States of Guernsey. Apogee has signed a contract which will start on 1 August. The announcement comes after the States decision to terminate its contract with Agilisys earlier in July. The new agreement with Apogee will mean services and projects will be delivered by a range of providers rather than one. More news stories for Guernsey Listen to the latest news for Guernsey Gé Drossaert, States chief digital and information officer, said "Apogee is a supplier with extensive experience working alongside public sector organisations". "I am confident that we will see service continuity across the States of Guernsey with this agreement, but we will also see our hardware modernised with the replacement of about 3,000 laptops during the contract. "This longer, five-year contract, allows us cost and tech certainty over that full period and to explore possible cost reductions through the more structured approach we will have to hardware security and monitoring." Carl Day, chief sales officer at Apogee, said: "We are delighted and extremely proud to have been selected by the States of Guernsey to help modernise the user experience across government services. "Following months of collaboration between our teams to learn what is important, we are developing a deep understanding of both the current landscape and the future needs of their workplace environment. "Our objective is to elevate productivity and maximise efficiency at every opportunity." In June, the States announced it had agreed a two-year contract with company JT to host its IT infrastructure. Follow BBC Guernsey on X and Facebook and Instagram. Send your story ideas to More on this story States of Guernsey signs IT deal worth millions States of Guernsey to axe IT provider 'Serious mistakes' in handling of IT contract Old kit and lack of maintenance behind IT outages Related internet links States of Guernsey
BBC News
20-07-2025
- Business
- BBC News
States of Guernsey agrees new five-year deal for IT equipment
A five-year deal has been agreed with a company to provide IT equipment for the States of has signed a contract which will start on 1 announcement comes after the States decision to terminate its contract with Agilisys earlier in new agreement with Apogee will mean services and projects will be delivered by a range of providers rather than one. Gé Drossaert, States chief digital and information officer, said "Apogee is a supplier with extensive experience working alongside public sector organisations"."I am confident that we will see service continuity across the States of Guernsey with this agreement, but we will also see our hardware modernised with the replacement of about 3,000 laptops during the contract. "This longer, five-year contract, allows us cost and tech certainty over that full period and to explore possible cost reductions through the more structured approach we will have to hardware security and monitoring."Carl Day, chief sales officer at Apogee, said: "We are delighted and extremely proud to have been selected by the States of Guernsey to help modernise the user experience across government services."Following months of collaboration between our teams to learn what is important, we are developing a deep understanding of both the current landscape and the future needs of their workplace environment. "Our objective is to elevate productivity and maximise efficiency at every opportunity."In June, the States announced it had agreed a two-year contract with company JT to host its IT infrastructure.
Broadcast Pro
08-07-2025
- Business
- Broadcast Pro
Exclusive – MediaCast launches second MCX experience centre in Dubai
The new MCX functions as an interactive hub for broadcasters, filmmakers, musicians, podcasters and students to explore complete creative media workflows. Dubai-based distributor MediaCast is gearing up for the launch of its second regional MediaCast Experience (MCX) centre, expanding its hands-on technology showcase to the UAE following the successful debut of its first centre in Turkey. Housed in the same building as the company's Dubai headquarters, the new MCX serves as an interactive hub where broadcasters, filmmakers, musicians, podcasters and students can explore end-to-end creative media workflows. From live video production and immersive audio to podcasting and post, the centre is designed to demonstrate real-world use cases across a wide range of production environments. Unlike traditional showrooms, MCX Dubai is a fully operational and experiential space. With nine zones, visitors can test high-end gear such as Blackmagic Design's professional film and broadcast cameras in a mock studio, experiment with BirdDog cameras and Apogee microphones in a podcasting setup, or explore post-production tools in a dedicated DaVinci Resolve editing suite. An interview area with changeable backdrops and a chromakey zone add to the flexibility of the space led by Vizrt, while integrated IP infrastructure connects the various zones, with Kiloview, NETGEAR and Telycam showing how AV-over-IP setups work in hybrid broadcast environments. 'We didn't want to just display technology; we wanted to build a place where people can actually experience it,' said Jaffer Sadique, Head of Marketing & Business Development at MediaCast. MCX also includes the Sonic Room, an immersive audio suite with a multi-speaker array for 3D and spatial sound mixing, and is staffed by technical experts who guide visitors through gear selection and workflow planning. Powered by Universal Audio, IK Multimedia, Dynaudio and Warm Audio to name a few, MediaCast routinely runs training sessions with UAE universities and government media offices as well as private companies and is set to become a permanent destination for hands-on demos, workshops, and product comparisons. 'Whether you're scaling up a production or just starting out, we want this to be a space where the media community can learn, collaborate, and make confident decisions,' added Sadique. MCX Dubai officially opens to the public tomorrow.
Yahoo
27-06-2025
- Business
- Yahoo
Why Is Apogee (APOG) Stock Rocketing Higher Today
Shares of architectural products company Apogee (NASDAQ:APOG) jumped 12% in the morning session after the company reported first-quarter results that beat analyst expectations and raised its full-year guidance for both sales and earnings. Apogee now expects full-year adjusted earnings per share to be between $3.80 and $4.20, up from its previous estimate and ahead of Wall Street's consensus of $3.72. The company also lifted its sales forecast to a range of $1.40 billion to $1.44 billion. First-quarter revenue saw a 4.6% year-over-year increase to $346.6 million, driven in part by the recent acquisition of UW Solutions. While the company faced headwinds from tariffs and lower volumes in its architectural glass segment, CEO Ty R. Silberhorn expressed confidence in a stronger second-half performance. The positive guidance suggests that Apogee's strategic initiatives, including the UW Solutions integration and other investments, are expected to expand its market reach and drive future growth. Is now the time to buy Apogee? Access our full analysis report here, it's free. Apogee's shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Apogee and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock dropped 17% on the news that the company reported underwhelming calendar fourth-quarter 2024 results. Sales were flat year on year, and this weighed on profits as operating margin fell. In addition, its full-year EPS guidance slightly missed, suggesting the weakness might be more pronounced in the coming quarters. Overall, we think this was a challenging quarter. Apogee is down 41.1% since the beginning of the year, and at $41.88 per share, it is trading 52% below its 52-week high of $87.22 from November 2024. Investors who bought $1,000 worth of Apogee's shares 5 years ago would now be looking at an investment worth $1,780. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
27-06-2025
- Business
- Yahoo
Apogee (NASDAQ:APOG) Beats Expectations in Strong Q2, Stock Soars
Architectural products company Apogee (NASDAQ:APOG) reported Q2 CY2025 results topping the market's revenue expectations , with sales up 4.6% year on year to $346.6 million. The company's full-year revenue guidance of $1.42 billion at the midpoint came in 2.4% above analysts' estimates. Its non-GAAP profit of $0.56 per share was 23.5% above analysts' consensus estimates. Is now the time to buy Apogee? Find out in our full research report. Revenue: $346.6 million vs analyst estimates of $326.1 million (4.6% year-on-year growth, 6.3% beat) Adjusted EPS: $0.56 vs analyst estimates of $0.45 (23.5% beat) Adjusted EBITDA: $34.38 million vs analyst estimates of $30.65 million (9.9% margin, 12.2% beat) The company lifted its revenue guidance for the full year to $1.42 billion at the midpoint from $1.4 billion, a 1.4% increase Management raised its full-year Adjusted EPS guidance to $4 at the midpoint, a 4.5% increase Operating Margin: 2%, down from 12.5% in the same quarter last year Free Cash Flow was -$26.95 million compared to -$1.78 million in the same quarter last year Market Capitalization: $855.8 million Involved in the design of the Apple Store on Fifth Avenue in New York City, Apogee (NASDAQ:APOG) sells architectural products and services such as high-performance glass for commercial buildings. A company's long-term sales performance can indicate its overall quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Unfortunately, Apogee struggled to consistently increase demand as its $1.38 billion of sales for the trailing 12 months was close to its revenue five years ago. This was below our standards and is a sign of poor business quality. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Apogee's recent performance shows its demand remained suppressed as its revenue has declined by 2.4% annually over the last two years. Apogee isn't alone in its struggles as the Commercial Building Products industry experienced a cyclical downturn, with many similar businesses observing lower sales at this time. This quarter, Apogee reported modest year-on-year revenue growth of 4.6% but beat Wall Street's estimates by 6.3%. We also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Apogee's operating margin might fluctuated slightly over the last 12 months but has remained more or less the same, averaging 8.6% over the last five years. This profitability was higher than the broader industrials sector, showing it did a decent job managing its expenses. Analyzing the trend in its profitability, Apogee's operating margin might fluctuated slightly but has generally stayed the same over the last five years. Shareholders will want to see Apogee grow its margin in the future. In Q2, Apogee generated an operating margin profit margin of 2%, down 10.5 percentage points year on year. Since Apogee's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Apogee's EPS grew at a spectacular 15.9% compounded annual growth rate over the last five years, higher than its flat revenue. However, this alone doesn't tell us much about its business quality because its operating margin didn't improve. We can take a deeper look into Apogee's earnings to better understand the drivers of its performance. A five-year view shows that Apogee has repurchased its stock, shrinking its share count by 19.2%. This tells us its EPS outperformed its revenue not because of increased operational efficiency but financial engineering, as buybacks boost per share earnings. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. For Apogee, EPS didn't budge over the last two years, a regression from its five-year trend. We hope it can revert to earnings growth in the coming years. In Q2, Apogee reported EPS at $0.56, down from $1.44 in the same quarter last year. Despite falling year on year, this print easily cleared analysts' estimates. Over the next 12 months, Wall Street expects Apogee's full-year EPS of $4.08 to grow 2.5%. We were impressed by how significantly Apogee blew past analysts' EBITDA expectations this quarter. We were also excited its revenue outperformed Wall Street's estimates by a wide margin. Zooming out, we think this quarter featured some important positives. The stock traded up 6.9% to $42.39 immediately after reporting. Apogee had an encouraging quarter, but one earnings result doesn't necessarily make the stock a buy. Let's see if this is a good investment. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free.
