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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]
Taiwan Semiconductor Manufacturing Company (NYSE:TSM): Strong Growth Amid AI Surge and Strategic Insider Buying
Financial Modeling Prep· 2026-03-30 18:14
TSMC's stock (NYSE:TSM) has surged 92% over the past year, driven by robust demand in the AI chip market and strong financial performance. Insider confidence is evident as Vice President Lin Shyue-Shyh increased his holdings, aligning with TSMC's optimistic AI growth forecast (CAGR in the mid- to high-50% range from 2024 to 2029). Key financial metrics highlight TSMC's solid fundamentals, including a P/E ratio of 31.08, current ratio of 2.62, and debt-to-equity ratio of 0.20, making it an attractive long-t ...
Powell Industries, Inc. (NASDAQ:POWL) Announces 3-for-1 Stock Split Amid Strong Performance
Financial Modeling Prep· 2026-03-30 18:09
3-for-1 stock split scheduled for April 6, 2026, to increase accessibility for investors. Outperformed the market with a 2.8% return over the past month, despite broader declines in the S&P 500 and manufacturing sector. Strong financials with EPS of $3.40, ROE of 30.64%, and net margin of 16.82% in the latest earnings report. Powell Industries, Inc. (NASDAQ:POWL) is a prominent player in the energy equipment sector. The company is set to undergo a 3-for-1 stock split on April 6, 2026. This means shareholde ...
BYD (OTC: BYDDY) 2025 Annual Results: Profit Decline, Global Expansion, and EV Market Strategy
Financial Modeling Prep· 2026-03-30 18:03
BYD Company Limited (OTC: BYDDY) Annual Results and Global Expansion: Key InsightsBYD Company Limited is one of China’s largest electric-vehicle makers and continues to expand internationally as competition intensifies in its home market. The company competes with major EV manufacturers including Tesla, while also facing rising pressure from Chinese rivals in a prolonged domestic price war.In late March 2026, BYD reported its 2025 annual results. Reuters reported that BYD posted its first annual profit decl ...
Battalion Oil (BATL) Q4 Results: Revenue Drops 35%, Asset Sale and Ward County Acquisition Reshape Portfolio
Financial Modeling Prep· 2026-03-30 18:00
Battalion Oil Corporation (NYSE American: BATL) Reports Weak Q4 Results While Reshaping Its Asset BaseSignificant revenue decline: Battalion Oil Corporation reported a 35% year-over-year decline in fourth-quarter revenue, driven mainly by lower realized prices and lower production volumes. Revenue fell to $32.27 million from $49.65 million a year earlier.Asset sale and liquidity boost: The company completed the sale of its West Quito assets for an adjusted sales price of $60.1 million. Those assets represen ...
Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock Analysis: Ratings, Financials, and Insider Activity
Financial Modeling Prep· 2026-03-30 17:04
Analyst Ratings: Dime Community Bancshares, Inc. (NASDAQ:DCOM) holds a "Moderate Buy" consensus with an average 12-month price target of $38.00. Financial Performance: The company reported EPS of $0.79 and revenue of $123.85 million, both surpassing analyst expectations. Insider and Institutional Activity: Insiders sold 52,865 shares valued at $1.83 million in the last three months, while institutional ownership stands at 75.27%.Dime Community Bancshares, Inc. (NASDAQ:DCOM) is a financial institution based ...
Seagate stock is crashing 7% today: why JP Morgan is bullish
Invezz· 2026-03-30 15:24
Seagate stock is crashing 7% today: why JP Morgan is bullish Seagate stock is crashing 7% today: why JP Morgan is bullish Artificial intelligence AI Sentiment: 78/100 Bullish This score is generated through AI-driven analysis of the article's content. Author Vatsala Gaur Mar 30, 2026, 15:24 PM As shares of Seagate Technology struggle at the bourses, JPMorgan sees the pullback as a buying opportunity, citing strong demand trends and improving fundamentals in the data storage market. The stock fell about 7% d ...
BRO Stock Trading at a Discount to Industry at 13.6X: Time to Hold?
ZACKS· 2026-03-30 15:20
Key Takeaways Brown & Brown, Inc. (BRO) shares are trading at a discount compared with the Zacks Brokerage Insurance industry. Its forward price-to-earnings multiple of 13.6X is lower than the industry average of 14.54X, the Finance sector's 14.8X and the Zacks S&P 500 Composite's 19.99X. The insurer has a market capitalization of $21.59 billion. The average volume of shares traded in the last three months was 3.2 million. Shares of other insurers like Aon plc. (AON) and Arthur J. Gallagher & Co. (AJG) are ...
Celestica Focuses on Margin Expansion: Can it Sustain This Momentum?
ZACKS· 2026-03-30 15:20
Key Takeaways CLS is expanding margins by shifting to high-value, engineering-intensive offerings. CLS benefits from strong demand in AI and cloud via its Connectivity & Cloud Solutions segment. Hardware Platform Solutions boost pricing power with complex servers and networking products. From a valuation standpoint, CLS trades at a forward price-to-sales ratio of 1.73, above the industry tally of 0.86. Over the past few years, Celestica Inc. (CLS) has been increasingly focusing on margin expansion driven by ...
DeFi Technologies Announces the Appointment of Jacob Lindberg as Chief Revenue Officer of Valour to Lead Nordic and European Expansion
Globenewswire· 2026-03-30 15:19
Jacob Lindberg, Chief Revenue Officer, Valour Jacob Lindberg joins Valour as Chief Revenue Officer, leading our Nordic and European expansion. TORONTO, March 30, 2026 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc., and Valour Digital Securities Limited (t ...