Latest news with #Craig-Hallum
Yahoo
3 days ago
- Business
- Yahoo
Why Fastly Stock Was Zooming Higher This Week
Key Points The edge computing company delivered a beat-and-raise second quarter. This led one analyst to upgrade his recommendation on the stock. 10 stocks we like better than Fastly › Edge computing specialist Fastly (NYSE: FSLY) was hardly in the margins for many investors over the past few days. Thanks largely to a beat-and-raise second quarter that generated an analyst recommendation upgrade, plus a C-suite transition that appeared smooth, the company's stock moved well higher across that stretch. According to data compiled by S&P Global Market Intelligence, Fastly's share price had increased by more than 17% week to date as of early Friday morning. Higher revenue, narrower loss For its second quarter, Fastly notched record revenue of almost $149 million, bettering the same period of 2024 by 12%. The company also managed to narrow its non-GAAP (adjusted) net loss to $5 million ($0.03 per share) from slightly more than $8 million in the year-ago quarter. That meant a double beat for Fastly, since analysts tracking the stock were expecting worse for both metrics. Their consensus estimate for revenue was a bit over $145 million, and that for net loss was $0.05 per share. In its earnings release, Fastly CEO Kip Compton said, "Our go-to-market transformation is delivering increased customer acquisition, expanded cross-sell opportunities, and market share growth." What also gave the stock a lift was its raised guidance. For the entirety of 2025 Fastly is forecasting total revenue of $594 million to $602 million. Adjusted net loss should ring in at $0.04 to $0.10 per share. By comparison, the average pundit projection for the former is slightly below $591 million, and for the latter it's $0.10 per share. On Thursday, the day the figures were published, Craig-Hallum analyst Jeff Van Rhee upgraded the stock to buy from his previous hold. His price target on the shares is $10 apiece. New executive arriving Separately, on Wednesday Fastly announced the appointment of a new CFO. The incoming chief is Richard Wong, who is replacing Ronald Kisling. The company wrote that Kisling is "leaving to pursue new opportunities," without elaboration. Wong formally takes up the position on Monday, Aug. 11. Should you invest $1,000 in Fastly right now? Before you buy stock in Fastly, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Fastly wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,544!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,099,758!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Fastly. The Motley Fool has a disclosure policy. Why Fastly Stock Was Zooming Higher This Week was originally published by The Motley Fool 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
Miami Herald
30-07-2025
- Business
- Miami Herald
Veteran trader reviews ROI for Rocket Lab stock price ahead of earnings
TheStreet Pro's Stephen Guilfoyle isn't worried. The veteran trader has seen a lot in his career, which dates back to the floor of the New York Stock Exchange in the 1980s, so it takes an awful lot to shake his tree. Don't miss the move: Subscribe to TheStreet's free daily newsletter This is a man who was working on Wall Street when the global financial crisis known as Black Monday blasted into the market on Oct. 19, 1987. And that's why he wasn't especially perturbed when Rocket Lab (RKLB) went into a tailspin on July 28. "It's more like I'm paying attention," he told readers. And there was good reason for the scrutiny. Craig-Hallum analysts Jeff Van Rhee and Daniel Hibshman had kicked off coverage of the aerospace manufacturer and launch service provider with a hold rating and $51 price target. "Incredible execution in launch, led by the Electron rocket, has propelled RKLB to a solid #1 position in the Small Launch sector," they wrote in a research note. More Tech Stocks: Analyst who correctly predicted Rocket Lab stock surge resets forecastVerizon Q2 earnings report surprises with remarks on tax reformFund manager who forecast Nvidia stock rally reboots outlook Expanding on this success, they noted management has now gone all-in on medium launch vehicle Neutron, which leverages partial re-use to lower cost and take on market leader Falcon 9, the medium-lift launch vehicle manufactured by Elon Musk's SpaceX. At an expected $55 million in revenue per launch, compare with $8 million for the company's Electron rocket, traction with Neutron could put the company on a whole new trajectory, the firm said. While much has been made of the proposed cuts to NASA budgets, the analysts said that the reality of the U.S. budget process "is that anything space exploration-related and space-related for defense is seeing extremely strong trends in available budget and expected spend." The Neutron launch vehicle is central to Rocket Lab's plans to shift from small satellite deployments to missions with heavier payloads The company has reportedly asked regulators for permission to transport oversized Neutron rocket structures through shallow waters to a spaceport off the coast of Virginia as it races to meet a September delivery deadline, according to TechCrunch. Earlier this month, Rocket Lab announced it had awarded a contract to Bollinger Shipyards, the largest privately owned new construction and repair shipbuilder in the U.S.., to support the build out of Rocket Lab's ocean landing platform for the Neutron rocket. Modification and fit-out of Rocket Lab technology to its 400-ft-long landing platform named "Return On Investment" is taking place primarily at Bollinger's shipyard in Amelia, La., and delivery of the vessel is expected in early 2026. Craig-Hallum noted that as the company is approaching their first Neutron launch, they believe shares price in perfection in terms of hitting all timelines and no unexpected detours, crashes or delays. Related: Analyst who correctly predicted Rocket Lab stock surge resets forecast "In the history of major new rocket platforms, such perfection is virtually unheard of," the analysts wrote. "Further, when these delays/crashes do occur they quite often can be more penalizing and/or costly to overall timelines than originally conceived." "While we do believe success is ultimately likely for Neutron, the competitive landscape is not without risk," they added. The analysts said they are highly impressed with the company's accomplishments and Rocket Lab's current trajectory, but they see shares "as fully priced and believe a more compelling risk/reward will present itself down the road." Guilfoyle said Rocket Lab's stock "took a 4.6% beating" after Craig-Hallum issued the research note. "Readers will recall that we had a $52 target price on this stock and canceled that target on July 17, as we had acknowledged that the shares needed to consolidate, which is exactly what has happened," Guilfoyle said. Shares of Rocket Lab, which is scheduled to report second-quarter results on Aug. 2, are up 71% this year and the stock has zoomed a mind-boggling 714% from 2024. However, shares were still sliding roughly 4% at last check. Guilfoyle said there are "bearish looking indicators" in the company's charts. "Am I selling some now?" he asked. "No, as readers know, I sold some when my $52 target was taken out. Am I adding on this weakness? Not until the chart tells me to. I would guess that I would write about it when I see that a reason to act has emerged." "No need to act rashly," the veteran trader said. "Not even accounting for profits taken higher, we're still up 377% on this position as I bang out this note." Related: Veteran fund manager who forecast S&P 500 crash unveils surprising update The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
26-07-2025
- Business
- Business Insider
Centrus Energy (LEU) Gets a Buy from Craig-Hallum
Craig-Hallum analyst Eric Stine maintained a Buy rating on Centrus Energy yesterday. The company's shares closed yesterday at $241.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Stine covers the Industrials sector, focusing on stocks such as NuScale Power, Electrovaya, and Ameresco. According to TipRanks, Stine has an average return of 6.9% and a 37.22% success rate on recommended stocks. In addition to Craig-Hallum, Centrus Energy also received a Buy from Evercore ISI's Nicholas Amicucci in a report issued on July 15. However, on July 21, UBS initiated coverage with a Hold rating on Centrus Energy (NYSE MKT: LEU). LEU market cap is currently $4.13B and has a P/E ratio of 37.79. Based on the recent corporate insider activity of 25 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 LEU in relation to earlier this year. Last month, KEVIN J HARRILL, the CFO & Treasurer of LEU sold 1,728.00 shares for a total of $217,728.00.
Yahoo
25-07-2025
- Business
- Yahoo
Why Are Knowles (KN) Shares Soaring Today
What Happened? Shares of electronic components manufacturer Knowles (NYSE:KN) jumped 10% in the afternoon session after the company reported strong second-quarter financial results that surpassed analyst expectations, driven by a cyclical recovery and robust order growth. The company posted revenue of $146 million, an 8% increase year-over-year, and earnings per share of $0.24, a 20% rise from the prior year's quarter. This performance was driven by a cyclical recovery and robust order growth, particularly in its Precision Devices segment. Management highlighted a strong book-to-bill ratio of 1.15 for the segment, signaling healthy demand. In response to the strong results and positive outlook, analysts at both Baird and Craig-Hallum raised their price targets on the stock to $25 and $22, respectively. Knowles also repurchased $30 million of its shares during the quarter, further bolstering investor sentiment. Is now the time to buy Knowles? Access our full analysis report here, it's free. What Is The Market Telling Us Knowles's shares are not very volatile and have only had 6 moves greater than 5% over the last year. Moves this big are rare for Knowles and indicate this news significantly impacted the market's perception of the business. Knowles is up 1.6% since the beginning of the year, and at $20.33 per share, it is trading close to its 52-week high of $20.58 from January 2025. Investors who bought $1,000 worth of Knowles's shares 5 years ago would now be looking at an investment worth $1,383. 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. 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
Yahoo
24-07-2025
- Business
- Yahoo
Intuitive Machines (LUNR) Soars 18.5% on Rosy Prospects from US, China Space Race
We recently published . Intuitive Machines, Inc. (NASDAQ:LUNR) is one of the biggest performers on Wednesday. Intuitive Machines soared by 18.53 percent on Wednesday to end at $13.37 apiece as investors took path from an investment firm's bullish coverage for the company. In a market note, investment bank Craig-Hallum gave a 'buy' recommendation on shares of Intuitive Machines, Inc. (NASDAQ:LUNR) with a price target of $17. The new figure marked a 27-percent upside from its latest closing price. According to Craig-Hallum, Intuitive Machines, Inc. (NASDAQ:LUNR) stands to benefit from the aggressive space race between the United States and China, both of which are targeting to again land humans on the moon by 2030. In other news, Intuitive Machines, Inc.'s (NASDAQ:LUNR) inked a deal with Space Forge for the integration of the latter's semiconductors into its orbital return platform, Zephyr, to support its Earth reentry program. The program is backed by the Texas Space Commission's Space Exploration and Research Fund. Intuitive Machines, Inc. (NASDAQ:LUNR) is scheduled to release the results of its second quarter earnings performance before market open on August 7. While we acknowledge the potential of LUNR as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
