Latest news with #NitinAgrawal
Business Wire
a day ago
- Business
- Business Wire
CoreWeave to Participate in the Deutsche Bank Technology Conference
LIVINGSTON, N.J.--(BUSINESS WIRE)--CoreWeave Inc. (Nasdaq: CRWV) said Thursday that Chief Financial Officer Nitin Agrawal will take part in the Deutsche Bank 2025 Technology Conference. Agrawal's session is scheduled for August 27th at 8 a.m. Pacific time (11 a.m. Eastern). A live webcast and a replay of the presentation will be available on CoreWeave's Investor Relations site at Disclosure Information CoreWeave uses its investor relations page ( its X account (@CoreWeave), and its LinkedIn page ( to disclose material non-public information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor these websites, in addition to following CoreWeave's press releases, Securities and Exchange Commission (SEC) filings, public conference calls and public webcasts. About CoreWeave, Inc. CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at
CNBC
3 days ago
- Business
- CNBC
Stocks making the biggest moves midday: Paramount Skydance, Cava, Capri, SailPoint & more
Check out the companies making the biggest moves midday: Paramount Skydance — The media giant popped more than 31%, putting it on track for its best day ever. It wasn't clear what drove the surge. H & R Block — The tax preparation company posted fiscal fourth-quarter earnings of $2.27 per share, higher than the year-ago earnings of $1.89 per share. Revenue of $1.11 billion was 5% above the $1.06 billion it posted one year prior. However, those numbers underwhelmed investors, who sent the stock down 4%. Hillenbrand – Shares gained more than 13% after Bloomberg, citing people familiar with the matter, reported that the plastics maker is considering strategic options , which include a possible sale of the company. Capri Holdings – The stock jumped more than 8% after JPMorgan upgraded it to overweight from neutral , saying that it sees the company on a "path of multi-year sequential revenue." Grocery stocks — The group fell after Amazon announced an expansion of its same-day delivery program for fresh foods. Kroger slipped more than 4%, while Albertsons fell more than 1%. Cava — The fast-casual restaurant chain plunged 15% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share in the quarter, exceeding Wall Street's estimate of 13 cents. CoreWeave — The artificial intelligence infrastructure provider dropped 18% despite it posting better-than-expected revenue for the second quarter. During an earnings call with analysts, Chief Financial Officer Nitin Agrawal said revenue growth remains capacity-constrained as demand outstrips supply. Circle — Shares of the stablecoin issuer fell 4%. Circle said it would offer 10 million Class A shares to the public, including two million of which that would come from the company itself. Brinker International — The Chili's parent gained 3.1% on a better-than-expected earnings beat for the fiscal fourth quarter. Brinker earned $2.49 per share, excluding items, on revenue of $1.43 billion. Analysts surveyed by LSEG expected a profit of $2.45 per share on revenue of $1.39 billion. Hanesbrands — Shares of the clothing maker rose 4.7% after surging around 28% in Tuesday's session. Hanesbrands said it agreed to a $4.4 billion takeover deal by Canada-based Gildan Activewear. The Financial Times first reported on the deal Tuesday. V2X — The defense stock popped 8% on the back of Bank of America's upgrade to buy from neutral. The bank said V2X should see growth levels that are both sustainable and can accelerate in the years ahead. SailPoint — The identity security stock rallied 8% following an upgrade by JPMorgan to overweight from neutral. The bank said investors should buy the dip on the stock. KinderCare Learning Companies — Shares plunged 20% after the day-care operator reported disappointing second-quarter results. KinderCare posted earnings of 22 cents per share on revenue of $700.1 million. That's lower than the 26 cents in earnings per share and $705.7 million in revenue expected by analysts, according to FactSet. Following the results, Barclays downgraded the stock to equal weight from overweight. — CNBC's Alex Harring, Sean Conlon and Sarah Min contributed reporting.
CNBC
3 days ago
- Business
- CNBC
CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration
CoreWeave's stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers to a set period of time following a market debut when insiders are restricted from selling shares. "We remain constructive long term and are encouraged by today's data points, but see near-term upside capped by the potential CORZ related dilution and uncertainty, and the pending lock-up expiration on Thursday," wrote analysts at Stifel, referencing the recent acquisition of Core Scientific. Shares of Core Scientific fell 7% Wednesday. In the current quarter, the company projects $1.26 billion to $1.30 billion in revenue. Analysts polled by LSEG forecasted $1.25 billion. CoreWeave also lifted 2025 revenue guidance to between $5.15 billion and $5.35, up from a $4.9 billion to $5.1 billion forecast provided in May and above a $5.05 billion estimate. Some analysts were hoping for stronger guidance given the stock's massive surge since going public in March. Others highlighted light capital expenditures guidance and a delay in some spending until the fourth quarter as a potential point of weakness. "This delay in capex highlights the uncertainty around deployment time; as go-live timing is pushed, in-period revenue recognition will be smaller," wrote analysts at Morgan Stanley. The AI infrastructure provider said revenue more than tripled from a year ago to $1.21 billion as it continues to benefit from surging AI demand. That also surpassed a $1.08 billion forecast from Wall Street. Finance chief Nitin Agrawal also said during a call with analysts that demand outweighs supply. The New Jersey-based company, whose customers include OpenAI, Microsoft and Nvidia, also said it has recently signed expansion deals with hyperscale customers. CoreWeave acquired AI model monitoring startup Weights and Biases for $1.4 billion during the period and said it finished the quarter with a $30.1 billion revenue backlog.
CNBC
3 days ago
- Business
- CNBC
Stocks making the biggest moves premarket: Cava, CoreWeave, Brinker, Hanesbrands and more
Check out the companies making headlines in premarket trading. Cava — The fast-casual restaurant chain plunged 23.6% after revenue came in at $280.6 million for the second quarter, missing the LSEG consensus forecast of $285.6 million. The company also missed expectations for same-store sales and lowered its forecast. However, Cava earned 16 cents per share in the quarter, exceeding Wall Street's estimate of 13 cents. CoreWeave – The artificial intelligence infrastructure provider dropped about 9% despite it posting better-than-expected revenue for the second quarter. During an earnings call with analysts, CFO Nitin Agrawal said that revenue growth remains capacity constrained as demand outstrips supply. Circle — Shares of the stablecoin issuer fell 1.5%. Circle said it would offer 10 million Class A shares to the public, including two million of which that would come from the company itself. Brinker International — The Chili's parent rallied 8.8% on better-than-expected earnings beat for the fiscal fourth quarter. Brinker earned $2.49 per share, excluding items, on revenue of $1.43 billion. Analysts surveyed by LSEG expected a profit of $2.45 per share on revenue of $1.39 billion. Hanesbrands — Shares of the clothing maker fell 7.5% after surging around 28% in Tuesday's session. Hanesbrands said it agreed to $4.4 billion takeover deal by Canada-based Gildan Activewear. The Financial Times first reported on the deal Tuesday. V2X — The defense stock popped 5.2% on the back of Bank of America's upgrade to buy from neutral. The bank said V2X should see growth levels that are both sustainable and can accelerate in the years ahead. Palo Alto Networks — The cybersecurity stock rose 1.7% on the heels of Deutsche Bank's upgrade to buy from hold. Deutsche said Palo Alto has a solid core business and management. SailPoint — The identity security stock rallied 7% following an upgrade by JPMorgan to overweight from neutral. The bank said investors should buy the dip on the stock. KinderCare Learning Companies — Shares plunged nearly 20% after the daycare operator reported disappointing second-quarter results. KinderCare posted earnings of 22 cents per share on revenue of $700.1 million. That's lower than the 26 earnings per share and $705.7 million expected by analysts, according to FactSet. Following the results, Barclays downgraded the stock to equal weight from overweight. — CNBC's Sean Conlon and Sarah Min contributed reporting
India Gazette
08-07-2025
- Business
- India Gazette
UP Excise Dept to host investor summit in Lucknow
Lucknow (Uttar Pradesh) [India], July 8 (ANI): Uttar Pradesh Excise Minister Nitin Agrawal on Tuesday said that the state's Excise Department will host its first-ever Investors Summit in Lucknow on Wednesday. He added that the UP Excise Department has invited investors from nearly all parts of the country and members of the international community. The one-day summit aims to bolster investment in the excise sector as part of Chief Minister Yogi Adityanath's vision to make Uttar Pradesh a one-trillion-dollar economy. Agrawal said that investors who have already signed or are scheduled to sign a Memorandum of Understanding (MOU) have been classified into three categories. The summit will also feature presentations on the state's investment policies and the signing of new agreements. Agrawal said, 'Tomorrow, our department in Lucknow is organising a one-day investor Summit. This is the first time the Excise Department has invited investors here. We have investors from nearly all parts of India. Additionally, we have also invited international community members.' 'Yesterday, the Excise Department took significant steps toward the Chief Minister's goal of achieving a one-trillion-dollar economy. The investors who have already invested and signed MOUs, or are scheduled to sign MOUs tomorrow, have been divided into three categories. Additionally, the investment policies of the Uttar Pradesh government are outlined. All of this will be discussed, and we will sign new MOUs as well,' he added. The department's investor summit targets to foster innovation, business partnerships, and new opportunities. The state government has successfully attracted attention from businesses around the world through its business summits. While several projects have already started work on the ground, many others are currently in the final stages of implementation. Notably, Uttar Pradesh has been an investment hotspot, attracting around Rs 4.12 lakh crore from diverse sources between 2017 and 2022. The Yogi government has received positive responses whenever it has encouraged investors through investor summits to invest in their ventures in Uttar Pradesh. (ANI)
