Latest news with #CantorGlobalTechnologyConference
Globe and Mail
10-03-2025
- Business
- Globe and Mail
Dear Rigetti Stock Fans, Mark Your Calendars for March 12
Rigetti Computing (RGTI), a leader in full-stack quantum-classical computing, is about to step into the spotlight at the Cantor Global Technology Conference on March 12, 2025. The company's CEO, Dr. Subodh Kulkarni, will take part in a fireside chat, which is expected to garner much attention. Cantor's inaugural event is bringing together some of the brightest minds across both public and private sectors to dive into the future of technology. With fireside chats, presentations, and panels, this gathering would be a treasure trove of insights. Investors, in particular, should closely watch for updates regarding Rigetti's cutting-edge technology and potential new deals. About Rigetti Stock California-based Rigetti Computing (RGTI) has carved out its place as a trailblazer in full-stack quantum-classical computing. Since 2017, the company has been delivering quantum computing capabilities through the cloud, serving a range of global clients via its Rigetti Quantum Cloud Services platform. With a market cap of around $1.8 billion, Rigetti's proprietary quantum-classical infrastructure offers seamless integration with both public and private clouds, enabling practical quantum computing applications. Notably, the company has introduced the industry's first multi-chip quantum processor, taking a significant step towards scalable quantum computing systems. The company's growth is nothing short of remarkable. Over the past 52 weeks, RGTI has surged a stunning 284%, far outpacing the S&P 500 Index's ($SPX) 9.5% increase. Even more striking is the 938% surge over the last six months. High-growth stocks like Rigetti often come with a lofty price tag, which is reflected in its valuation multiples. The stock boasts an eye-popping price-sales ratio of 151.6x, towering over the sector median of 3.01x, highlighting the market's enthusiasm for the company. Rigetti Misses on Q4 Earnings On March 5, Rigetti reported its fourth-quarter results, missing both Wall Street's top- and bottom-line forecasts. But despite a disappointing earnings report, investors shrugged off the results, driving the stock up by 4% in the following session. The company reported revenue of $2.3 million, falling short of the expected $2.5 million and reflecting a 32.6% year-over-year decline from the previous year's quarter. In addition, Rigetti posted a loss of $0.68 per share, significantly worse than the estimated loss of $0.07 per share. The reported figure also marked a significant 655.6% year-over-year increase in losses. Despite these setbacks, Rigetti's strides in strengthening its position within the quantum computing market helped boost investor confidence. Last month, the company entered a strategic collaboration with Quanta Computer, a Taiwan-based leader in computer server manufacturing and a Fortune 500 company. The two companies aim to accelerate the development and commercialization of superconducting quantum computing. They will invest over $100 million each over the next five years, with Quanta also committing $35 million in investment and stock purchases, pending regulatory approval. The quantum computing industry is expected to experience rapid growth over the next five years. With Quanta's investment, Rigetti is poised to solidify its leadership in the rapidly expanding sector. Looking ahead, analysts tracking Rigetti project the company's loss to narrow by 57% in Q1 and shrink another 36% for the full year. What Do Analysts Expect for Rigetti Stock? Despite the company's underwhelming Q4 performance, Alliance Global analyst Brian Kinstlinger has emphasized that progress on Rigetti's technical roadmap is more crucial than quarterly revenue. He views Quanta's partnership with Rigetti as 'yet another validation' of its leadership in the space. Kinstlinger has a 'Buy' rating on RGTI and has increased his price target from $15 to $16. Similarly, Needham reaffirmed its 'Buy' rating with a $17 target price. Benchmark has also raised its target for RGTI, increasing it from just $2.50 to $14.00 while maintaining a 'Buy' rating. Overall, Wall Street has a bullish outlook on RGTI, with a consensus rating of 'Strong Buy.' Of the five analysts covering the stock, four recommend a 'Strong Buy,' while one suggests a 'Moderate Buy.' The average price target of $14.60 represents potential upside of 89%, while Needham's Street-high target of $17 suggests that the stock can climb as much as 120% from here.
Zawya
10-03-2025
- Business
- Zawya
Phoenix Group CEO increases stake, reinforcing confidence in Long-term growth strategy
Company continues to evaluate potential U.S. listing, highlighting its commitment to global growth and diversification Abu Dhabi, UAE: Phoenix Group PLC (ADX: PHX, the 'Company' or the 'Group'), a pioneering global cryptocurrency, blockchain and next-generation digital infrastructure company, announces that CEO & Co-Founder Munaf Ali has significantly increased his stake in the company, reaffirming his strong belief in its prospects and long-term growth trajectory. Since the public disclosure on ADX on November 18, 2024, Ali has acquired over 20 million ordinary shares of Phoenix Group through direct market purchases. This substantial investment highlights his deep confidence in the Company's growth potential and his commitment to aligning executive interests with those of shareholders. 'As we enter a year of high-impact expansion, I firmly believe in Phoenix Group's long-term potential, as these purchases show,' said Munaf Ali, CEO & Co-Founder of Phoenix Group 'Increasing my holding in the Company reflects my belief in our differentiated strategy, high quality operations, and future growth. Phoenix Group is at the forefront of digital asset mining, and as a Board we remain fully focused on delivering growth and sustainable value creation for our shareholders.' Strengthening Global Presence & U.S. Expansion As previously announced, Phoenix Group will participate in the Cantor Global Technology Conference in New York City, USA, on March 11-12, 2025. This high-profile engagement will provide the Company with an opportunity to interact with leading U.S. institutional investors and strategic partners, further reinforcing the Group's presence in the U.S. market. Additionally, Phoenix Group continues to evaluate the potential for a future U.S. listing, aligning with its ongoing expansion into the North American bitcoin mining sector. The Company's investments in the U.S. reflect a broader strategy to scale its high-margin self-mining operations and diversify its geographic footprint in 2025 and beyond. About Phoenix Group Phoenix Group is a multi-billion-dollar global technology leader headquartered in Abu Dhabi, UAE. Founded in 2017, the company has rapidly grown into a conglomerate with a diverse portfolio of businesses in the blockchain, crypto, and technology sectors. As one of the world's top 5 Bitcoin miners, Phoenix Group is at the forefront of the digital asset revolution. With a strong focus on innovation, sustainability, and operational excellence, the company is driving the adoption of digital assets and blockchain technology. Phoenix Group operates multiple mining facilities in the US, Canada, Oman, Ethiopia, and the UAE, with a total mining capacity of 451 MW. Phoenix Group is the first crypto and blockchain conglomerate in the region to be listed on the Abu Dhabi Securities Exchange. It also operates the largest mining farm in the MENA region. Phoenix Group PLC media team contact:
Associated Press
05-03-2025
- Business
- Associated Press
Complete Solar to Present at Cantor Fitzgerald Technology Conference, March 11, 2025, in New York
Integration of SunPower Successfully Complete Management to Reconfirm Positive Operating Income Profit Guidance for Q1 OREM, Utah, March 05, 2025 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. d/b/a Complete Solar ('Complete Solar' or the 'Company') (Nasdaq: CSLR), a solar technology, services, and installation company, announced it will be presenting at the Cantor Global Technology Conference, on Tuesday, March 11th, 2025 in New York. Complete Solar's Founder and Board member, Will Anderson, as well as its Chief Financial Officer, Dan Foley, and VP of Investor Relations, Sioban Hickie, will be holding one-on-one meetings with investors. This event is only available to Cantor clients. 'We look forward to meeting with investors in person to discuss our successful integration of SunPower and achievements in cost reduction,' said Will Anderson, Founder and Director, Complete Solar. 'The company is executing on plan, and we are excited to share our progress with investors as we remain confident in our ability to achieve operating income profit in the first quarter of 2025. We are a true bright spot in the solar industry.' About Complete Solar With its recent acquisition of SunPower assets, Complete Solar has become a leading residential solar services provider in North America. Complete Solar's digital platform and installation services support energy needs for customers wishing to make the transition to a more energy-efficient lifestyle. For more information visit Forward-Looking Statements This press release may contain forward-looking statements within the meaning of the federal securities laws. In some cases, you can identify forward-looking statements because they contain words such as 'will,' 'plan,' 'target,' 'expect,' 'focus,' 'forecast,' 'look forward,' 'opportunity,' 'believe,' 'estimate,' 'continue,' 'anticipate,' and 'pursue' or the negative of these terms or similar expressions. Forward-looking statements in this press release include, without limitation, our expectations regarding our Q1'25 financial performance, including with respect to our expectations as to when we achieve breakeven operating income. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, changes in the applicable competitive or regulatory landscapes, the ability to implement business plans and forecasts, and other risks and uncertainties applicable to our business. Readers should carefully consider the foregoing factors and the other risks and uncertainties described in the 'Risk Factors' section of our annual report on Form 10-K filed with the Securities and Exchange Commission (the 'SEC') on April 1, 2024, our quarterly reports on Form 10-Q filed with the SEC, and other documents that we have filed with, or will file with, the SEC. Forward-looking statements in this press release speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Complete Solar assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Company Contact: Sioban Hickie
Yahoo
28-02-2025
- Business
- Yahoo
Serve Robotics to Present at Cantor Global Technology Conference
SAN FRANCISCO, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that its Chief Financial Officer Brian Read will participate in a fireside chat at the Cantor Global Technology Conference on March 11, 2025, at 3:40 pm Eastern Time. The presentation will be webcast on Serve's investor relations website at A replay of the webcast will be available for 30 days following the live presentation. If you wish to receive company email notifications, please register at About Serve Robotics Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq:SERV), please visit or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics. Contacts MediaAduke ThelwellHead of Communications & Investor Relationspress@ Investor in to access your portfolio
Yahoo
11-02-2025
- Business
- Yahoo
MYR Group Inc. to Attend Cantor Global Technology Conference in March
THORNTON, Colo., Feb. 11, 2025 (GLOBE NEWSWIRE) -- MYR Group Inc. ('MYR Group') (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will attend the Cantor Global Technology Conference. MYR Group's Chief Executive Officer, Rick Swartz, and Chief Financial Officer, Kelly Huntington, will meet with institutional investors during the inaugural Global Technology Conference on Wednesday, March 12, 2025, in New York. This event is only available to Cantor clients. About MYR Group Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance and repair of commercial and industrial wiring generally for airports, hospitals, data centers, hotels, stadiums, commercial and industrial facilities, clean energy projects, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies and developers. For more information, visit ContactsKelly M. Huntington, Chief Financial Officer, MYR Group Inc., (847) 290-1891, investorinfo@ David Gutierrez, Dresner Corporate Services, (312) 780-7204, dgutierrez@ in to access your portfolio
