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Yahoo
11 hours ago
- Business
- Yahoo
Houlihan Lokey Expands Global Technology Group with Senior Hire
Craig Rogowski Joins as a Managing Director Focused on Infrastructure Software NEW YORK, June 02, 2025--(BUSINESS WIRE)--Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Craig Rogowski has joined the firm's global Technology Group as a Managing Director. Mr. Rogowski will expand the team's efforts across the infrastructure software sector. Mr. Rogowski joins from BofA Securities, where he was a Managing Director focused on strategic advisory and capital-raising transactions in the infrastructure software sector. Prior to BofA Securities, he started and led Baird's infrastructure software and cybersecurity practice. Mr. Rogowski has more than two decades of experience and has advised on more than 75 M&A and corporate finance transactions for software companies. "Craig has a proven track record in deal origination, execution, and relationship management in the technology sector. His deep industry expertise will help to further bolster our best-in-class team, and he will be a tremendous resource for our clients at a time when emerging technological advancements driven by AI are precipitating rapid changes in software," said Ryan Lund, Co-Head of U.S. Technology and Global Co-Head of Software at Houlihan Lokey. "We look forward to Craig leveraging his strong industry knowledge, reputation as a strategic advisor, execution experience, and deep relationships within the market as we grow and continue to deliver exceptional service for our clients." "Houlihan Lokey's Technology Group, among the largest global technology teams in investment banking, is uniquely positioned to provide bespoke and subsector-specific advisory services, especially to those in the middle market who are focused on enterprise use cases and navigating the opportunities that this fast-changing industry landscape brings," said Mr. Rogowski. "It's an exciting opportunity to join Houlihan Lokey's team, and I look forward to capitalizing on its growing momentum in the market." Houlihan Lokey's Technology Group has earned a global reputation for providing superior service and achieving outstanding results in M&A advisory, capital-raising, restructuring, and financial and valuation advisory services. Its clients range from early-stage businesses and midsized companies to large, publicly traded corporations. In 2024, the group closed 101 transactions (according to LSEG*), which ranked the firm as the No. 1 technology investment banking team in the world for the third year in a row. * Excludes accounting firms and brokers. About Houlihan Lokey Houlihan Lokey, Inc. (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. Houlihan Lokey serves corporations, institutions, and governments worldwide with offices in the Americas, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm's commitment to client success across its advisory services. The firm is the No. 1 investment bank for all global M&A transactions for the past two years, the No. 1 M&A advisor for the past 10 years in the U.S., the No. 1 global restructuring advisor for the past 11 years, and the No. 1 global M&A fairness opinion advisor over the past 25 years, all based on number of transactions and according to data provided by LSEG. View source version on Contacts Investor Relations212.331.8225IR@ Media Relations917.331.1580PR@
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Business Standard
15 hours ago
- Business
- Business Standard
Foreign brokerages stay cautious on India stock market; check strategy here
Foreign brokerages remain cautious on the road ahead for the Indian equity markets. Though analysts at Nomura have revised their March 2026 Nifty target to 26,140 levels from the earlier 24,970, but the upside from the current levels is a modest 6 per cent. BofA Securities, on the other hand, has not made any change to its year-end Nifty target. The Nifty, Nomura said, is currently trading at 20.5x one-year forward earnings, which is near the high-end of its trading range over the past three years. 'However, the favorable spread between earnings yield and bond yield at -1.4 per cent – which is at the high end of the range that prevailed over the past four years – is comforting. Based on 21x price to earnings (P/E) on FY27F earnings, we arrive at our March 2026 Nifty target of 26,140,' wrote Saion Mukherjee, managing director and head of equity research for India at Nomura in a recent coauthored note with Amlan Jyoti Das. ALSO READ: Stock Market LIVE: Markets trim losses; Sensex down 250 pts, Nifty near 24,700; PSBs, realty up 2% Those at BofA Securities, too, remain cautious on the markets in the near term led by weakening global macro. The ongoing monetary stimulus, BofA said, would help India revive its gross domestic product (GDP) / capex / consumption growth, but see a shallow revival, and hence remain conservative on GDP growth at 6.3 per cent versus Reserve Bank of India (RBI) projection of 6.5 per cent in fiscal 2025-26 (FY26). 'Given the recent rally, we see no upside to our Nifty year-end target of 25,000. Near-term, incrementally, we see seven emerging risks that make us cautious on Nifty / large-caps, and we continue to stay bearish on the broader markets,' wrote Amish Shah, India equity strategist at BofA Securities in a recent coauthored note. The markets, BofA Securities said, are now fully pricing in an imminent India-US trade deal, leading to India being a key beneficiary of shifting global supply chains. However, any potential global slowdown amidst ongoing trade war is not priced in yet. Flows to the equity markets - both domestic and foreign, too, remain at risk, BofA said. While DII flows could remain volatile in the months ahead and may even moderate. Domestic inflows, data suggests, peaked at $8.6 billion in October 2024 and have seen moderation since then to $6.1 billion in April 2025. 'May flows stand at $3.5 billion versus $13.5 billion outflows for January - March 2025. However, with recent market rally, relative return potential for Nifty has become unattractive for FIIs versus US treasuries (4.3 per cent) and equity risk premium. Thus, we see risk to FII flows going forward,' Shah wrote. As a strategy, Nomura prefers domestic-focused sectors to exporters given the global uncertainties, and prefer consumption to investment themes. The investment cycle, Nomura said, is likely to be delayed because of global uncertainties. Supply-chain relocation themes such as autos, pharmaceuticals/chemicals and electronic segments are their preferred sectors. Financials, consumer staples, autos, discretionary, oil and gas, power, telecom, internet, real estate and select domestic healthcare plays are some of their other top bets. 'Within industrials, we are constructive on companies that are play on investment in the power sector. We are cautious on export sectors and capex themes. These include IT services, industrials, cement, and metals. On pharma, ensuing US tariffs present a near-term headwind, but we expect the impact to be passed on and hence a correction may be a buying opportunity,' Mukherjee wrote.
Bloomberg
3 days ago
- Business
- Bloomberg
S&P 500 Whipsaws at End of Best May Since 1990
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Lara Castleton, Janus Henderson, Jennifer Lee, BMO Capital Markets, Jessica Reif Ehrlich, BofA Securities, George Kurian, NetApp CEO, Michael Halen, Bloomberg Intelligence, Gene Tannuzzo, Columbia Threadneedle, Eric Weiner, Bloomberg News, Hayden Brown, UpWork, Jared Weisfeld, RXO, Lauryn Bosstick, The Skinny Confidential, Shannon O'Neil, Council on Foreign Relations, Joe Mathieu, Bloomberg News, Josh Wingrove, Bloomberg News. (Source: Bloomberg)
Yahoo
4 days ago
- Business
- Yahoo
BofA Maintains Buy on Seagate Technology Holdings (STX) Stock, Raises PT
On May 28, BofA Securities exhibited a positive stance on Seagate Technology Holdings plc (NASDAQ:STX)'s stock by increasing the price target from $125.00 to $135.00, while maintaining a 'Buy' rating. The analyst demonstrated confidence in numerous aspects of Seagate Technology Holdings plc (NASDAQ:STX)'s business. A technician configuring a network-attached storage drive. These include the roadmap for areal density, capability to balance supply and demand across market cycles because of its customer base having few very large clients, and its cost management capabilities in future downcycles. Furthermore, the firm's analyst mentioned the long-term demand for hard disk drives (HDDs) in data centers and the expectation for elevated margin levels because of a product mix transition towards Heat-Assisted Magnetic Recording (HAMR) technology, which can be achieved without the need for incremental unit capacity investments. Overall, the optimism from BofA Securities on Seagate Technology Holdings plc (NASDAQ:STX)'s stock is mainly backed by the secular demand trends from Cloud services. The company's strong emphasis on innovation, mainly in HAMR technology, can help strengthen its competitive edge. Seagate Technology Holdings plc (NASDAQ:STX) provided new financial targets for the period through FY 2028, which are aided by HAMR technology adoption. Over FY 2025 – FY 2028, it expects revenue to see low-to-mid teens CAGR. Seagate Technology Holdings plc (NASDAQ:STX) provides data storage technology and infrastructure solutions. While we acknowledge the potential of STX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None.
Yahoo
4 days ago
- Business
- Yahoo
SentinelOne's Profitability And Growth Trajectory Less Promising Than Competitors: Analyst
SentinelOne, Inc. (NYSE:S) shares are trading lower on Thursday after its disappointing post-market Q1 earnings release the previous day. The cybersecurity company reported revenue of $229.03 million, beating the consensus estimate of $228.35 million. Adjusted earnings of two cents per share were in line with analyst estimates. The company lowered its full-year 2026 revenue guidance from $1.007 billion to a range of $996 million to $1.001 billion. Analysts were expecting full-year revenue of $1.01 analysts downgraded/revised the price forecast for the stock. B of A Securities analyst Tal Liani downgraded the company from Buy to Neutral, cutting the price forecast from $24 to $21. The analyst writes that the endpoint security market remains appealing but has three main concerns. SentinelOne's results have been uninspiring for several quarters now, marked by two consecutive quarters of reduced guidance, says Liani in an analyst note. The analyst writes that they previously viewed the guidance cut as a result of the new CFO resetting expectations but now see deteriorating business trends. The analyst raises concerns about SentinelOne's growth rate relative to its size and profitability compared to competitors like CrowdStrike. Despite similar growth rates, it operates from an 80% smaller revenue base and carries approximately 650 basis points lower profitability when adjusted for scale. The analyst also highlights that the stock's performance has lagged significantly, underperforming the NASDAQ by 1000 basis points year-to-date and 1860 basis points over the past 12 months. Liani anticipates challenges in meaningfully improving margins to persist, with the company focusing on smaller customers and MSPs. Goldman Sachs analyst Gabriela Borges revised the price forecast from $23.50 to $21.50 while maintaining a Neutral rating. The analyst writes that she believes SentinelOne is experiencing more varied business trends for two main reasons. First, their growth strategy relies heavily on acquiring new customers, where deal activity has slowed more significantly than existing clients. Second, they face persistent competitive pressure. Borges says that while she maintains a positive view of SentinelOne's core technology, this competitive environment, with vendors offering greater platform scale, remains an overhang. The analyst revised the revenue estimates for FY26, FY27, and FY28 to $997 million (from $1.008 billion), $1.202 billion (from $1.227 billion), and $1.413 billion (from $1.459 billion), respectively, owing to intense competition and the challenge of balancing revenue growth with profitability. Apart from this, several other analysts downgraded the stock, including: JP Morgan analyst Brian Essex downgraded the rating from Overweight to Neutral and lowered the price forecast from $22 to $19. Wells Fargo analyst Andrew Nowinski downgraded the stock from Overweight to Equal-Weight and lowered the price forecast from $22 to $18. Price Action: S shares are trading lower by 11.0% to 417.50 at last check Thursday. Read Next:Photo by Tada Images via Shutterstock Date Firm Action From To Mar 2022 Barclays Maintains Overweight Feb 2022 DA Davidson Initiates Coverage On Buy Jan 2022 Wolfe Research Initiates Coverage On Outperform View More Analyst Ratings for S View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? SENTINELONE (S): Free Stock Analysis Report This article SentinelOne's Profitability And Growth Trajectory Less Promising Than Competitors: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
