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HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
Private credit funds weren't meant to be traded, says Jim Cramer
Youtube· 2026-03-20 23:49
So many people have turned on the financials here because of the problems in this private credit space that you hear about. A product that allows investors to buy pieces of syndicated loans. It sounds simple enough and institutions are always looking for a little extra yield which is what they give you. So I'm going to pay special attention to the call and trust that they will address the issues. First financial that reports. By the way, Generrack has an LS meeting Wednesday and while it's core business of ...
VRCA Investors Have the Opportunity to Join Investigation of Verrica Pharmaceuticals Inc. with the Schall Law Firm
Businesswire· 2026-03-20 23:42
Core Viewpoint - The Schall Law Firm is investigating potential breaches of fiduciary duty by the board of directors and management of Verrica Pharmaceuticals Inc. (NASDAQ: VRCA) on behalf of its investors [1][2]. Group 1: Investigation Details - The investigation aims to determine if the Verrica board has breached its fiduciary duties to shareholders [2]. - Shareholders are encouraged to participate in the investigation and can contact the Schall Law Firm for more information [2]. Group 2: Firm Background - The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation, representing investors globally [3].
Oxbridge Re Announces 2025 Fourth Quarter Results on March 30, 2026
Globenewswire· 2026-03-20 23:40
Company Overview - Oxbridge Re Holdings Limited (NASDAQ: OXBR) is engaged in the business of tokenized Real-World Assets (RWAs), specifically in tokenized reinsurance securities and reinsurance business solutions for property and casualty insurers [1][3] - The company is headquartered in the Cayman Islands and operates through subsidiaries including SurancePlus Inc, Oxbridge Re NS, and Oxbridge Reinsurance Limited [3] Upcoming Conference Call - The company plans to hold a conference call on March 30, 2026, at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and year ending December 31, 2025 [1] - Financial results will be released in a press release after the market closes on the same day [1] Reinsurance Solutions - Oxbridge Re provides property and casualty reinsurance through its licensed reinsurers, Oxbridge Reinsurance Limited and Oxbridge Re NS, primarily to insurance businesses in the Gulf Coast region of the United States [4] - The company's subsidiary, SurancePlus Inc., has developed the first "on-chain" reinsurance RWA, which allows for the digitization of interests in reinsurance contracts, making reinsurance more accessible as an alternative investment for both U.S. and non-U.S. investors [5]
Securities Fraud Investigation Into TruBridge, Inc. (TBRG) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Businesswire· 2026-03-20 23:33
Core Viewpoint - TruBridge, Inc. is under investigation for potential violations of federal securities laws, which may impact investors who have incurred losses [1] Group 1: Investigation Details - The Law Offices of Frank R. Cruz is leading the investigation on behalf of investors [1] - The investigation was prompted by TruBridge's disclosure on March 16, 2026, indicating it would be unable to meet certain obligations in a timely manner [1]
Exclusive: Pentagon to adopt Palantir AI as core US military system, memo says
Reuters· 2026-03-20 23:28
Core Insights - The Pentagon will officially adopt Palantir's Maven AI system as a core military program, ensuring long-term use of its technology for weapons targeting across the U.S. military [1][3][6] Group 1: Adoption and Implementation - The decision to embed Palantir's Maven Smart System aims to equip warfighters with advanced tools to detect, deter, and dominate adversaries [2] - Maven is a command-and-control software that analyzes battlefield data and identifies targets, already serving as the primary AI operating system for the U.S. military [3] - The designation of Maven as a program of record will facilitate its adoption across all military branches and secure stable, long-term funding [3][4] Group 2: Funding and Contracts - The Pentagon's order will transition oversight of Maven to the Chief Digital Artificial Intelligence Office, with future contracts managed by the Army [4] - Palantir has secured a growing number of contracts with the U.S. government, including a significant deal with the U.S. Army valued at up to $10 billion, contributing to a doubling of its stock price over the past year [6] Group 3: Technology and Capabilities - Maven can quickly analyze vast amounts of data from various sources, including satellites and drones, to identify potential threats or targets [7][8] - The platform has demonstrated its capabilities in real-time targeting scenarios, significantly reducing the time required for data analysis [8] Group 4: Ethical Considerations - Concerns have been raised regarding the ethical implications of AI in weapons targeting, particularly regarding biases in data sets; however, Palantir asserts that its software does not make lethal decisions independently [9][10]
ROSEN, TOP RANKED INVESTOR RIGHTS LAWYERS, Encourages NuScale Power Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SMR
TMX Newsfile· 2026-03-20 23:16
Core Viewpoint - Rosen Law Firm is reminding purchasers of NuScale Power Corporation's Class A common stock of the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during a specified period [1][5]. Group 1: Class Action Details - The class action pertains to investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025, and they may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][5]. - A lead plaintiff must file a motion with the Court by April 20, 2026, to represent other class members in the litigation [3]. Group 2: Allegations Against NuScale - The lawsuit alleges that NuScale and its defendants made false and misleading statements regarding ENTRA1 Energy LLC's capabilities, claiming it had experience in nuclear power generation, which it did not possess [5]. - It is claimed that NuScale's commercialization strategy was exposed to significant undisclosed risks due to reliance on ENTRA1, which lacked the necessary experience in the nuclear energy sector [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].
VICI Properties Inc. (VICI) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2026-03-20 23:15
Core Viewpoint - VICI Properties Inc. is experiencing a decline in stock price and is under scrutiny for its upcoming earnings report, with analysts projecting modest growth in earnings and revenue [1][2][3]. Financial Performance - Analysts expect VICI Properties Inc. to report earnings of $0.61 per share, reflecting a year-over-year growth of 5.17% [2]. - The consensus estimate for revenue is $1.02 billion, indicating a 3.91% increase from the same quarter last year [2]. - For the entire fiscal year, earnings are projected at $2.44 per share and revenue at $4.16 billion, representing increases of 2.52% and 3.94% respectively from the prior year [3]. Analyst Estimates - Recent changes in analyst estimates suggest a positive outlook for VICI Properties Inc., indicating analysts' confidence in the company's performance [4]. - The Zacks Consensus EPS estimate has increased by 0.02% over the last 30 days, but VICI currently holds a Zacks Rank of 4 (Sell) [6]. Valuation Metrics - VICI Properties Inc. is trading at a Forward P/E ratio of 11.45, which is slightly below the industry average of 11.54 [7]. - The company has a PEG ratio of 3.22, compared to the industry average PEG ratio of 2.47 [8]. Industry Context - VICI Properties Inc. operates within the REIT and Equity Trust - Other industry, which is currently ranked 147 out of over 250 industries, placing it in the bottom 40% [9].
Honeywell International Inc. (HON) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2026-03-20 23:15
Group 1: Stock Performance - Honeywell International Inc. (HON) closed at $221.50, reflecting a -3.29% change from the previous day, underperforming the S&P 500's daily loss of 1.51% [1] - Over the past month, HON shares have decreased by 4.88%, which is better than the Conglomerates sector's loss of 9.44% but worse than the S&P 500's loss of 3.63% [1] Group 2: Financial Expectations - Honeywell is expected to report an EPS of $2.33, down 7.17% from the same quarter last year, with projected net sales of $9.27 billion, a decrease of 5.58% year-over-year [2] - Full-year Zacks Consensus Estimates predict earnings of $10.42 per share and revenue of $39.42 billion, indicating year-over-year changes of +6.54% for earnings and -2.29% for revenue [3] Group 3: Analyst Estimates and Rankings - Recent changes in analyst estimates for Honeywell suggest a shifting business landscape, with positive changes indicating optimism regarding profitability [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks Honeywell at 3 (Hold), with the consensus EPS estimate having increased by 0.13% over the last 30 days [5] Group 4: Valuation Metrics - Honeywell is trading at a Forward P/E ratio of 21.98, which is higher than the industry average of 16, suggesting it is trading at a premium [6] - The company has a PEG ratio of 3.35, compared to the industry average of 1.26, indicating a higher valuation relative to expected earnings growth [7] Group 5: Industry Context - The Diversified Operations industry, part of the Conglomerates sector, currently holds a Zacks Industry Rank of 197, placing it in the bottom 20% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [8]
Here's Why Bloom Energy (BE) Fell More Than Broader Market
ZACKS· 2026-03-20 23:15
Company Performance - Bloom Energy (BE) closed at $150.12, reflecting a -9.94% change from the previous day, underperforming the S&P 500's loss of 1.51% and the Dow's loss of 0.97% [1] - Over the last month, Bloom Energy's shares increased by 4.84%, which is below the Oils-Energy sector's gain of 9.4% and better than the S&P 500's loss of 3.63% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for Bloom Energy is projected at $0.09, indicating a 200.00% increase compared to the same quarter last year [2] - Quarterly revenue is expected to reach $498.11 million, up 52.79% from the year-ago period [2] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $1.38 per share and revenue of $3.25 billion, representing increases of +81.58% and +60.51% respectively from the previous year [3] - Recent changes in analyst estimates reflect confidence in Bloom Energy's business performance and profit potential [3] Analyst Ratings - The Zacks Rank system, which assesses estimate revisions, currently ranks Bloom Energy at 3 (Hold) [5] - The consensus EPS projection has remained stagnant over the past 30 days [5] Valuation Metrics - Bloom Energy has a Forward P/E ratio of 120.79, significantly higher than the industry average of 18.86 [6] - The company also has a PEG ratio of 4.83, compared to the Alternative Energy - Other industry's average PEG ratio of 2 [7] Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 144, placing it in the bottom 42% of over 250 industries [8] - Research indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [8]