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]
Chewy Expected to Deliver Solid Fourth-Quarter Results, TD Cowen Reiterates Buy
Financial Modeling Prep· 2026-03-24 18:25
TD Cowen reiterated its Buy rating and $39 price target on Chewy Inc. (NYSE: CHWY), expressing confidence ahead of the company’s fourth-quarter 2025 earnings release. The firm said it expected Chewy to report fourth-quarter revenue of $3.27 billion, representing a 0.7% year-over-year increase and aligning with consensus estimates as well as the high end of company guidance. Growth was anticipated to be driven by increases in active customers and net sales per active customer (NSPAC). Gross margin was projec ...
Strategic Education Downgraded to Hold by Truist on Growth Concerns, Shares Fall 3%
Financial Modeling Prep· 2026-03-24 18:22
Truist Securities downgraded Strategic Education (NASDAQ: STRA) to Hold from Buy and lowered its price target to $85 from $95, citing a more challenging outlook for revenue growth. Shares declined more than 3% intra-day Tuesday following the downgrade. The firm said it sees a more difficult path for the company to achieve consensus revenue estimates in 2026, with demand remaining weak at Strayer and Education Technology Services (ETS) facing tougher year-over-year comparisons following the first year of a m ...
Southwest Airlines Faces Customer Pushback on Business Model Changes, Bernstein Says
Financial Modeling Prep· 2026-03-24 18:21
Bernstein SocGen Group reiterated its Market Perform rating and $45 price target on Southwest Airlines (NYSE: LUV), highlighting concerns about customer sentiment following recent business model changes. The firm noted that Southwest introduced several significant changes in 2025, including assigned seating, premium-priced extra legroom options, increased fare segmentation, baggage fees, expiration dates on flight credits, and expanded partnerships. Bernstein said these changes were intended to position Sou ...
Microsoft Reinstated at Buy by BofA on AI and Cloud Growth Potential
Financial Modeling Prep· 2026-03-24 18:20
BofA Securities reinstated coverage of Microsoft (NASDAQ: MSFT) with a Buy rating and a $500 price target, citing strong long-term growth prospects driven by cloud computing and artificial intelligence. The firm said the price target implies approximately 31% upside potential, supported by durable multi-year growth across Microsoft’s business segments. BofA highlighted Microsoft’s strategic positioning in AI, noting that the company is uniquely placed to benefit across both infrastructure and applications. ...
New Gold Inc. (AMEX:NGD) Earnings Preview and Analyst Ratings
Financial Modeling Prep· 2026-03-24 18:00
Earnings per share (EPS) is anticipated to be $0.24 with a revenue projection of $477 million for the upcoming quarterly earnings.The average brokerage recommendation (ABR) for New Gold is 1.33, indicating a strong buy to buy sentiment among analysts.Key financial metrics include a price-to-earnings (P/E) ratio of 29.02, a debt-to-equity ratio of 0.32, and a current ratio of 0.88, highlighting the company's market position and financial health.New Gold Inc. (AMEX:NGD) is a prominent player in the mining ind ...
Cintas Corporation (NASDAQ:CTAS) Earnings Preview
Financial Modeling Prep· 2026-03-24 17:00AI Processing
Analysts predict an EPS of $1.24 and revenue of $2.82 billion for the upcoming quarterly earnings.The company is expected to see an 8.9% year-over-year increase in EPS to $1.23, driven by higher revenues.Cintas offers an annual dividend yield of 0.99%, with a quarterly dividend of 45 cents per share.Cintas Corporation, listed as NASDAQ:CTAS, is a prominent player in the corporate services industry, providing businesses with essential products like uniforms, mats, and restroom supplies. As it prepares to rel ...
Xiaomi Corporation's Financial Challenges and Market Position
Financial Modeling Prep· 2026-03-24 16:03
Earnings per share of $0.16, missing the estimated $0.18.Revenue was approximately $16.93 billion, slightly below the expected $17.01 billion.Maintains a price-to-earnings (P/E) ratio of 16.90, indicating investor confidence.XIACY, traded on the OTC market, is the American Depositary Receipt (ADR) for Xiaomi Corporation, a leading Chinese electronics company known for its smartphones, smart home devices, and other consumer electronics. Xiaomi competes with major players like Apple and Samsung in the global ...
Ondas Holdings Inc. Reports Q4 Revenue Beat and EPS Miss - NASDAQ: ONDS
Financial Modeling Prep· 2026-03-24 16:00
Ondas Holdings Inc. (NASDAQ: ONDS) Reports Strong Q4 Revenue Beat but Misses on EPSOndas Holdings Inc. (NASDAQ: ONDS) is a provider of autonomous aerial and ground robotics intelligence (through its Ondas Autonomous Systems segment) and private wireless networking solutions (Ondas Networks).On March 23, 2026, the company reported its fourth-quarter and full-year 2025 financial results (preliminary results had been pre-announced earlier).Revenue: $30.11 million, beating Zacks Consensus Estimate of approximat ...
FedEx Joins Amazon, Walmart in Race to Get Goods to Americans Faster With New Same-Day Delivery Service
Investopedia· 2026-03-24 15:55
American shoppers are about to get even more options to have products delivered on the same day. ...