Latest news with #EricBranderiz
Yahoo
17 hours ago
- Business
- Yahoo
Eric Branderiz Joins Symbotic's Board of Directors
Seasoned CFO brings deep experience of high-growth environments in industrial technology, and finance and accounting leadership in sophisticated global manufacturing organizations WILMINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) -- Symbotic Inc. (Nasdaq: SYM), a leader in A.I.-enabled robotics technology for the supply chain, today announced the election of Eric Branderiz to its Board of Directors, effective May 14, 2025. Mr. Branderiz joins Symbotic's Board following a nearly 30-year career in public and private company finance and accounting, including in high-growth environments in industrial technology. Most recently, he served as Executive Vice President and Chief Financial Officer at Enphase Energy. Prior to Enphase Energy, Mr. Branderiz was Vice President, Corporate Controller and Chief Accounting Officer at Tesla. He has held senior finance and accounting roles at SunPower Corporation, Knowledge Universe Corporation, Spansion and Advanced Micro Devices, after beginning his career at Ernst & Young. 'On behalf of the Board, I am thrilled to welcome Eric to Symbotic,' said Rick Cohen, Chairman and CEO of Symbotic. 'Eric brings deep financial expertise and a track record of success, guiding companies through critical stages of growth and playing a pivotal role in helping newly public organizations to achieve significantly greater scale. I look forward to working with him as we continue bringing our cutting-edge robotics and A.I.-powered automation technology to diverse customers and settings globally.' 'I'm honored to join Symbotic's Board at such an exciting point in the company's trajectory,' said Mr. Branderiz. 'Symbotic is a leader in its field with one-of-a-kind automation technology, and I look forward to leveraging my experience at growth-oriented technology companies to support Symbotic's continued innovation and its rapid momentum.' Mr. Branderiz currently serves on the Board of Directors of Cognizant Technology Solutions Corporation and Fortive Corporation. He is a Certified Public Accountant in California, and received his bachelor's degree in Business Commerce with an emphasis on Accounting from The University of Alberta. About Symbotic Symbotic is an automation technology leader reimagining the supply chain with its end-to-end, A.I.-powered robotic and software platform. Symbotic reinvents the warehouse as a strategic asset for the world's largest retail, wholesale, and food & beverage companies. Applying next-generation technology, high-density storage and machine learning to solve today's complex distribution challenges, Symbotic enables companies to move goods with unmatched speed, agility, accuracy and efficiency. As the backbone of commerce, Symbotic transforms the flow of goods and the economics of the supply chain for its customers. For more information, visit Media Contactmediainquiry@ Investor ContactCharlie AndersonVice President, Investor Relations & Corporate Developmentir@
Yahoo
17 hours ago
- Business
- Yahoo
Symbotic (NasdaqGM:SYM) Reports Revenue Growth in Latest Earnings
Symbotic experienced a prominent 35% increase in its share price last month. The election of Eric Branderiz, with his extensive finance and accounting experience, to the company's Board of Directors, could have positively influenced investor sentiment. Additionally, the company's latest earnings report, showing revenue growth and reduced net losses, may have strengthened market confidence. These developments perfectly coincided with a market environment characterized by robust technology stock performances propelled by strong earnings from leading companies such as Nvidia. Symbotic's guidance for future revenue growth also potentially fortified its positioning, amplifying its share value rise amidst favorable market conditions. Buy, Hold or Sell Symbotic? View our complete analysis and fair value estimate and you decide. The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 26 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. The introduction of Eric Branderiz to Symbotic's Board and the recent positive earnings report appear to have significantly shaped investor sentiment, aligning with the broader technology market surge. These developments are critical in enhancing perception and could influence the company's narrative moving forward. The integration of his extensive financial expertise may help guide the company toward consistent revenue growth, potentially reinforcing the revenue of $2.07 billion and reducing the loss of $9.25 million, as stated. This progress could be encouraging for analysts projecting a fair value of US$31.95, especially considering the current trading price laying a 33.3% underestimation. In terms of long-term performance, Symbotic's shares recorded a total return of 224.32% over a three-year period, highlighting a robust growth trajectory. Nevertheless, when considering a more recent timeframe, the company underperformed compared to the US Market and Machinery Industry benchmarks over the past year, with the market returning a positive outcome. Despite the promising longer-term gains, these short-term results suggest a more cautious approach to forecasting future performance. Analyzing these factors in conjunction with the company's investments and acquisitions, including Walmart's robotics business, suggests potential revenue and earnings enhancements. These strategic moves could play a role in achieving the projected earnings increase by 2028, indicating potential alignment with the analysts' price target. However, the current share price of US$21.98 remains below the consensus, indicating market skepticism or potential undervaluation, requiring a closer examination of future execution risks and integration success. The backdrop of 7.05% discount rate application further underscores these financial forecasts, emphasizing the importance of investor confidence moving forward. Gain insights into Symbotic's past trends and performance with our report on the company's historical track record. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGM:SYM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ 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
