Latest news with #Plexus
Yahoo
23-05-2025
- Business
- Yahoo
Why Is Plexus (PLXS) Up 4.1% Since Last Earnings Report?
A month has gone by since the last earnings report for Plexus (PLXS). Shares have added about 4.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Plexus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. It turns out, fresh estimates have trended downward during the past month. Currently, Plexus has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Plexus has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Plexus Corp. (PLXS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
16-05-2025
- Business
- Yahoo
3 Services Stocks with Mounting Challenges
Business services providers thrive by solving complex operational challenges for their clients, allowing them to focus on their secret sauce. Still, investors are uneasy as firms face challenges from AI-driven disruptors and tightening corporate budgets. These doubts have caused the industry to lag recently as services stocks have collectively shed 2.4% over the past six months. This drawdown was disheartening since the S&P 500 stood firm. While some companies have durable competitive advantages that enable them to grow in any landscape, the odds aren't great for the ones we're analyzing today. On that note, here are three services stocks we're steering clear of. Market Cap: $3.59 billion With over 20,000 team members across 26 global facilities, Plexus (NASDAQ:PLXS) designs, manufactures, and services complex electronic products for companies in aerospace/defense, healthcare, and industrial sectors. Why Are We Hesitant About PLXS? Sales tumbled by 3.6% annually over the last two years, showing market trends are working against its favor during this cycle Earnings growth over the last two years fell short of the peer group average as its EPS only increased by 1.7% annually Poor free cash flow margin of 2.9% for the last five years limits its freedom to invest in growth initiatives, execute share buybacks, or pay dividends Plexus's stock price of $132.70 implies a valuation ratio of 18.2x forward P/E. Read our free research report to see why you should think twice about including PLXS in your portfolio, it's free. Market Cap: $5.75 billion With over five decades of experience supporting national security missions, Science Applications International Corporation (NASDAQ:SAIC) provides technical, engineering, and enterprise IT services primarily to U.S. government agencies and military branches. Why Do We Think SAIC Will Underperform? Products and services are facing significant end-market challenges during this cycle as sales have declined by 1.5% annually over the last two years Demand will likely be soft over the next 12 months as Wall Street's estimates imply tepid growth of 2.7% Low returns on capital reflect management's struggle to allocate funds effectively SAIC is trading at $121.92 per share, or 13.4x forward P/E. Dive into our free research report to see why there are better opportunities than SAIC. Market Cap: $1.16 billion Pioneering a vertical-scrolling format optimized for mobile devices, WEBTOON Entertainment (NASDAQ:WBTN) operates a global platform where creators publish serialized web-comics and web-novels that users can read in bite-sized episodes. Why Are We Wary of WBTN? Number of monthly active users has disappointed over the past two years, indicating weak demand for its offerings Historically negative EPS casts doubt for cautious investors and clouds its long-term earnings prospects Ability to fund investments or reward shareholders with increased buybacks or dividends is restricted by its weak free cash flow margin of -0.8% for the last three years At $8.76 per share, WEBTOON trades at 21.1x forward EV-to-EBITDA. Check out our free in-depth research report to learn more about why WBTN doesn't pass our bar. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. 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
Barnama
14-05-2025
- Business
- Barnama
Plexus Secures $6 Million To Accelerate AI-Driven Growth Strategy
MELBOURNE, Australia, May 14 (Bernama) -- Plexus, the AI-powered legal automation platform transforming how in-house legal teams operate, has secured over $6 million in new funding to accelerate global expansion and AI-led innovation. The raise, led by existing shareholders and Seattle-based Lighter Capital, marks Plexus' first institutional partnership. The funds will fuel expansion into key international markets, accelerate AI product delivery, and onboard the next wave of exceptional talent.
Yahoo
14-05-2025
- Business
- Yahoo
Plexus Secures $6 Million to Accelerate AI-Driven Growth Strategy
MELBOURNE, Australia, May 14, 2025--(BUSINESS WIRE)--Plexus, the AI-powered legal automation platform transforming how in-house legal teams operate, has secured over $6 million in new funding to accelerate global expansion and AI-led innovation. The raise, led by existing shareholders and Seattle-based Lighter Capital, marks Plexus' first institutional partnership. The funds will fuel expansion into key international markets, accelerate AI product delivery, and onboard the next wave of exceptional talent. Plexus founder and CEO Andrew Mellett said the raise is a clear indicator of the rising demand for more innovative legal and compliance solutions, and the substantial market opportunity ahead. "Traditional legal operating models simply can't keep up with the pace of modern business," said Mellett. "We're witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently." "The global legal industry is valued at $1.1 trillion, three times the size of the entire software market. Over the next decade, the industry will shift from consonants and vowels to zeros and ones, and Plexus is at the vanguard of that transformation." "This capital gives us the firepower to accelerate what's already working, build the next wave of AI capabilities, and help our customers scale legal value faster than ever." Strategic capital partnership with Lighter Capital After receiving interest from several leading investment firms, Lighter Capital was selected for its proven experience supporting high-growth SaaS platforms and alignment with Plexus' strategic direction. "Lighter Capital is privileged to support Plexus in their latest financing round," said Matthew Dowling, Investment Director at Lighter Capital. "With recent growth and solid business metrics, Plexus was a perfect fit for Lighter Capital's non-dilutive financing. Automation in the legal space is one of the fastest-growing sectors in B2B SaaS, and Plexus is in a great position to capture more of the market. This raise isn't just about fuelling growth; it's about accelerating a new phase of legal innovation." From legal tools to digital lawyers As legal workloads increase in volume and complexity, Plexus' AI-powered platform is evolving beyond workflow automation into digital lawyers that empower business teams to operate with unprecedented speed, efficiency, and impact. The platform is already used by household brands like Nike, L'Oréal, PepsiCo, Woolworths, AIA, and The Iconic to streamline everything from contract review and negotiation to compliance workflows and approvals. "This is just the beginning," Mellett said. "We're building the platform in-house legal teams didn't know they needed, but won't be able to live without." About Plexus Plexus is the Legal OS for modern enterprises, enabling teams to automate, accelerate, and scale legal work across the business through one integrated, AI-driven platform. Trusted by over 250 global organisations - including Nike, L'Oréal, Coca-Cola, Woolworths, AIA, and major government institutions - Plexus empowers legal teams and their business partners to execute faster, reduce risk, and unlock greater business value, achieving up to 60% productivity gains and reducing manual workloads by 25%. For more information, visit About Lighter Capital Lighter Capital is the pioneer in founder-friendly financing, providing hundreds of millions of dollars in over 1,000 rounds of non-dilutive financing to U.S., Canadian, and Australian tech companies since 2010. With Lighter's tech-enabled funding, which does not require the company to give up equity, founders achieve success on their terms. Beyond financing, Lighter's "more than money" benefits provide founders access to invaluable connections within the Lighter Capital Community, over $200,000 in product discounts, and hundreds of Founders' Hub resources. For more information, visit View source version on Contacts Media contact/s: Alicia Kearns, CMO, | + 61 409 816 938
Business Wire
14-05-2025
- Business
- Business Wire
Plexus Secures $6 Million to Accelerate AI-Driven Growth Strategy
MELBOURNE, Australia--(BUSINESS WIRE)-- Plexus, the AI-powered legal automation platform transforming how in-house legal teams operate, has secured over $6 million in new funding to accelerate global expansion and AI-led innovation. 'Traditional legal operating models simply can't keep up with the pace of modern business. We're witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently.' - Andrew Mellett, CEO, Plexus Share The raise, led by existing shareholders and Seattle-based Lighter Capital, marks Plexus' first institutional partnership. The funds will fuel expansion into key international markets, accelerate AI product delivery, and onboard the next wave of exceptional talent. Plexus founder and CEO Andrew Mellett said the raise is a clear indicator of the rising demand for more innovative legal and compliance solutions, and the substantial market opportunity ahead. 'Traditional legal operating models simply can't keep up with the pace of modern business,' said Mellett. 'We're witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently.' 'The global legal industry is valued at $1.1 trillion, three times the size of the entire software market. Over the next decade, the industry will shift from consonants and vowels to zeros and ones, and Plexus is at the vanguard of that transformation.' 'This capital gives us the firepower to accelerate what's already working, build the next wave of AI capabilities, and help our customers scale legal value faster than ever.' Strategic capital partnership with Lighter Capital After receiving interest from several leading investment firms, Lighter Capital was selected for its proven experience supporting high-growth SaaS platforms and alignment with Plexus' strategic direction. 'Lighter Capital is privileged to support Plexus in their latest financing round,' said Matthew Dowling, Investment Director at Lighter Capital. 'With recent growth and solid business metrics, Plexus was a perfect fit for Lighter Capital's non-dilutive financing. Automation in the legal space is one of the fastest-growing sectors in B2B SaaS, and Plexus is in a great position to capture more of the market. This raise isn't just about fuelling growth; it's about accelerating a new phase of legal innovation.' From legal tools to digital lawyers As legal workloads increase in volume and complexity, Plexus' AI-powered platform is evolving beyond workflow automation into digital lawyers that empower business teams to operate with unprecedented speed, efficiency, and impact. The platform is already used by household brands like Nike, L'Oréal, PepsiCo, Woolworths, AIA, and The Iconic to streamline everything from contract review and negotiation to compliance workflows and approvals. 'This is just the beginning,' Mellett said. 'We're building the platform in-house legal teams didn't know they needed, but won't be able to live without.' About Plexus Plexus is the Legal OS for modern enterprises, enabling teams to automate, accelerate, and scale legal work across the business through one integrated, AI-driven platform. Trusted by over 250 global organisations - including Nike, L'Oréal, Coca-Cola, Woolworths, AIA, and major government institutions - Plexus empowers legal teams and their business partners to execute faster, reduce risk, and unlock greater business value, achieving up to 60% productivity gains and reducing manual workloads by 25%. For more information, visit About Lighter Capital Lighter Capital is the pioneer in founder-friendly financing, providing hundreds of millions of dollars in over 1,000 rounds of non-dilutive financing to U.S., Canadian, and Australian tech companies since 2010. With Lighter's tech-enabled funding, which does not require the company to give up equity, founders achieve success on their terms. Beyond financing, Lighter's 'more than money' benefits provide founders access to invaluable connections within the Lighter Capital Community, over $200,000 in product discounts, and hundreds of Founders' Hub resources. For more information, visit
