Latest news with #TrevorYoung
Yahoo
28-05-2025
- Business
- Yahoo
Barclays Lifts CrowdStrike (CRWD) PT to $500 Ahead of FQ1 2026 Earnings
Barclays analyst Trevor Young has increased the price target on CrowdStrike Holdings Inc. (NASDAQ:CRWD) to $500 from $475, while maintaining an Overweight rating on the shares. This adjustment comes ahead of CrowdStrike's FQ1 2026 earnings report, which is expected to come out on Tuesday, June 3. Barclays models FQ1 net new ARR of $175 million, with an optimistic scenario suggesting that this figure could exceed $200 million. Security personnel at their consoles, monitoring a global network of threats in real-time. In FQ4 2025, the company's net new ARR reached $224 million, which contributed to an ending ARR of $4.24 billion for FY2025. Total revenue for FQ4 was $1.06 billion, with subscription revenue exceeding $1 billion. Cloud Security, Identity Protection, and Next-Gen SIEM ARR surpassed $1.3 billion, and demonstrated ~50% year-over-year growth. The company achieved a record $1.07 billion in free cash flow for the full fiscal year, which represented 27% of revenue. However, the company noted a decline in growth from existing customers, with upselling decreasing from 21% growth in FQ1 to 15% by year-end. For FY2026, CrowdStrike anticipates total revenue to be in the range of $4.7 to $4.8 billion, which shows a growth rate of 20% to 22%. CrowdStrike Holdings Inc. (NASDAQ:CRWD) provides cybersecurity solutions in the US and internationally. While we acknowledge the potential of CRWD to grow, 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 AI stock that is more promising than CRWD and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Barclays Lifts Chewy (CHWY) PT to $50 on Strong FQ1 2026 Outlook
On Wednesday, Barclays analyst Trevor Young raised the price target on Chewy Inc. (NYSE:CHWY) to $50 from $44, while maintaining an Overweight rating on the shares. This adjustment comes as Barclays anticipates a strong performance from Chewy, with expectations of an FQ1 2026 revenue and EBITDA beat, along with FQ2 guidance that is ahead of estimates. A close-up shot of a store shelf stocked with pet food and supplies. However, the FY2026 revenue outlook remains unchanged due to broader macroeconomic uncertainties. Young noted that Chewy's gross margin progression might experience some noisy fluctuations as the company lapses one-time items from the previous year. In FQ4 2025, the company's net sales increased by 14.9% year-over-year to $3.25 billion, which contributed to full-year 2025 net sales of $11.86 billion, which were also up 6.4%. The company's Autoship program continues to be a significant driver, with sales of $2.62 billion in FQ4, which marked a 21.2% increase, and $9.39 billion for the full year, which grew by 10.6%. Chewy now anticipates its net sales for FY2026 to be between $12.3 and $12.45 billion, which represents a growth of 6% to 7%. The company also plans to open 8 to 10 new vet clinics. Chewy Inc. (NYSE:CHWY) engages in the e-commerce business in the US for pet food and treats, pet supplies & pet medications, and other pet-health products, as well as pet services. While we acknowledge the potential of CHWY to grow, 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 AI stock that is more promising than CHWY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
BBC News
21-05-2025
- Health
- BBC News
Green space opens in Gainsborough on former Baltic Mill site
A new green space in a Lincolnshire market town has officially opened. The transformation of the former Baltic Mill site in Gainsborough, off Caskgate Street, is part of an £18m regeneration accessible space overlooking the River Trent features a grass area, benches, plants and a pergola with a map of the Lindsey District Council leader Trevor Young said: "It's a place for people to rest, relax and connect with nature - right in the heart of the community." The project is one of six involved in the council's Levelling Up programme - Thriving Gainsborough - to help tackle economic decline in the to Public Health England, greener communities lead to health improvements, particularly among disadvantaged groups. Sally Grindrod-Smith, director of planning, regeneration and communities, called the scheme "an integral part" of the Thriving Gainsborough said: "Access to quality green space is limited in this part of Gainsborough and we wanted to address this as part of a wider programme of improvements in the area." As part of wider plans within the project, a former toilet block in Whitton Gardens is being transformed into a cafe and is expected to be completed by late spring.A four-screen £9m cinema in Market Place is also on course to be open in summer, according to managers. Listen to highlights from Lincolnshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
Yahoo
20-05-2025
- Business
- Yahoo
Samsung to acquire cooling systems provider FläktGroup to meet data center demand
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Samsung Electronics last week announced it signed a deal to acquire Germany-based FläktGroup, a heating and cooling systems provider that services data centers and other buildings and facilities. The electronics giant agreed to spend 1.5 billion euros ($1.7 billion) on FläktGroup to expand and bolster its heating, ventilation and air conditioning business, as the artificial intelligence boom spurs data center growth around the world. The deal, expected to close later this year, would be one of Samsung's largest in recent years. It has agreed to buy FläktGroup from owner and European investment firm Triton. Well known for its televisions, smart phones and appliances, Samsung is also looking to become a leader in the global HVAC market after struggling to sell micro chips. Despite record sales in the first quarter of 2025, Samsung grappled with semiconductor headwinds, citing export controls on AI chips and deferred customer demand ahead of the release of its new high-bandwidth memory chips. The company has been under heightened pressure from shareholders after failing to capitalize on the AI boom in the last year, Reuters reported. As a result, Samsung's stock has been relatively weak and the company is pursuing growth efforts, stock repurchasing and other ways to increase its share price. CFO and EVP Soon-Cheol Park said during Samsung's Q1 earnings call on April 29 that the company is 'continuously exploring strategies' to improve its cash holdings to enhance shareholder value and pursue mergers and acquisitions opportunities. Samsung's audio business, Harman, signed a deal to acquire Masimo's Sound United portfolio earlier this month for $350 million. The FläktGroup acquisition would be Samsung's largest in the past eight years. FläktGroup, founded in 2016 as the result of a merger between DencoHappel and Fläkt Woods, generated revenues of 650 million euros in 2022, according to Triton. In 2023, it reported a 41% growth in earnings year over year with a positive outlook for 2024. 'Now, with Samsung Electronics' global business foundation and investment, we expect to further accelerate our growth,' Trevor Young, CEO of FläktGroup, said in a statement. FläktGroup is a supplier of heating and cooling systems used in data centers, museums and libraries, airports and hospitals for climate control, according to the company. Through its latest agreement, Samsung has 'laid the foundation' to become a global leader in heating and air, TM Roh, president and head of its mobile experience business, said in a statement. The non-residential HVAC market is forecast to grow from $61 billion in 2024 to $99 billion in 2030, according to Samsung, citing market research data. That would be an annual growth rate of 8%. Meanwhile, the data center cooling market is expected to grow at a rate of 18%. 'Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine,' Roh said. Last year, Samsung formed a joint venture with Lennox to sell ductless systems in the U.S. and Canada, strengthening its position in North American markets. It has also made investments in robotics, medical technology and consumer audio to advance its current offerings and stay abreast of emerging trends. Recommended Reading Trump wants to end the 'horrible, horrible' CHIPS Act. It's not that simple. 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
14-05-2025
- Business
- Yahoo
Samsung to acquire FläktGroup in €1.5bn deal
Samsung Electronics has agreed to acquire FläktGroup, a Germany-based heating and cooling specialist, in a deal worth €1.5bn ($1.68bn). The deal is a strategic move by Samsung to boost its presence in the growing global applied heating, ventilation, and air conditioning (HVAC) market, with focus on cooling solutions for data centres. FläktGroup boasts more than 100 years of technological expertise and design capabilities in the HVAC sector. The company offers a wide array of products and solutions, catering to various customer needs. These solutions are crucial for buildings and facilities such as data centres, museums, airports, and hospitals, where reliable and efficient temperature and humidity control are essential. FläktGroup's data centre solutions include liquid cooling and air cooling products. These products have been instrumental in helping customers reduce energy consumption and achieve lower carbon footprints. The company's customer base extends beyond data centres, with over 60 large clients across sectors such as biotechnology, gigafactories, among others. Samsung Electronics Device eXperience (DX) Division acting head TM Roh said: 'Through the acquisition of FläktGroup, an applied HVAC specialist, Samsung Electronics has laid the foundation to become a leader in the global HVAC business, offering a full range of solutions to our customers. 'Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine.' Samsung anticipates that the acquisition will support sustained growth, driven by increasing data centre demand due to advancements in generative AI, robotics, autonomous driving, and XR technologies. Moreover, the integration of Samsung's building integration control solution ( with FläktGroup's HVAC control solution (FläktEdge) is expected to offer a comprehensive suite of HVAC and building energy control systems, potentially expanding Samsung's service and maintenance business. The transaction is expected for completion by the end of 2025. FläktGroup CEO Trevor Young said: 'We are extremely pleased that FläktGroup has become a part of Samsung Electronics. FläktGroup, as a global top-tier HVAC specialist with over a century of expertise, has been relied on by global large clients for its technological and product innovations. 'Now, with Samsung Electronics' global business foundation and investment, we expect to further accelerate our growth.' Last year, Samsung formed a joint venture with Lennox International to strengthen its North American HVAC market presence, combining Lennox's distribution channels with Samsung's sales network. In March 2025, Samsung partnered with Amazon Web Services to showcase the application of AI in radio access networks. "Samsung to acquire FläktGroup in €1.5bn deal" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
