Wolters Kluwer successfully prices €500 million five-year Eurobond
Globenewswire· 2025-06-23 15:30
PRESS RELEASE Wolters Kluwer successfully prices €500 million five-year Eurobond Alphen aan den Rijn – June 23, 2025 – Wolters Kluwer, a global leader of professional information solutions, software, and services, today announced that it has successfully priced a new €500 million five-year senior unsecured Eurobond. The bonds were sold at an issue price of 99.975 per cent and carry an annual coupon of 3.000 per cent. The settlement date has been set for June 30, 2025. The securities were placed with a broad ...
Tech stocks, including Apple, were safety trade during Covid, but this market is different
CNBC· 2025-06-23 15:27
It's Apple that's no longer acting like the stock that in recent years had seemed to function as the equities market's closest thing to a bond. The recent gap is Apple's worst relative performance to its own sector fund since December 2002, according to CNBC research. It's the only of the so-called "Magnificent 7" tech stocks to recently trade below both its 50- and 200-day moving averages.But that doesn't mean tech hasn't bounced back strongly from the early 2025 tariff-triggered selloff. The SPDR Info Tec ...
Steady Comps Momentum: Will TJX Sustain its Winning Run?
ZACKS· 2025-06-23 15:26
Key Takeaways TJX delivered 3% comparable sales growth in Q1, driven entirely by higher customer traffic. All four segments, led by HomeGoods and international units, contributed to the sales gain. Management guided for 2-3% comparable sales growth in the second quarter of fiscal 2026.The TJX Companies, Inc. (TJX) delivered comparable store sales growth of 3% in the first quarter of fiscal 2026, with all four major divisions contributing to the gain. The growth was entirely driven by increased customer tr ...
Summit Midstream: Patience Is Key For Investing
Seeking Alpha· 2025-06-23 15:22
Retirement is complicated, and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Summit Midstream Corporation (NYSE: SMC ) has done a fantastic job of navigating an incredibly burdensome debt load. The company has, however, underperfo ...
Homewood Suites by Hilton Orlando - UCF Area Enhances Guest Experience with Comprehensive Renovation
Prnewswire· 2025-06-23 15:22
ORLANDO, Fla., June 23, 2025 /PRNewswire/ -- Buffalo Lodging Associates, LLC, proudly announces the completion of an extensive renovation at the four-story, 99-suite Homewood Suites by Hilton Orlando – UCF Area, located at 3028 N. Alafaya Trail. The property is now welcoming guests with a revitalized look and feel that enhances both comfort and style. A new exterior paint scheme paired with elegant stone accents sets the tone from the moment you arrive. The refreshed lobby and public spaces showcase a calmi ...
BB vs. PANW: Which Cybersecurity Stock is the Smarter Pick Now?
ZACKS· 2025-06-23 15:21
Core Insights - BlackBerry Limited (BB) and Palo Alto Networks (PANW) are both key players in the rapidly growing cybersecurity market, driven by increasing digital threats and the need for advanced security solutions [1][3]. Industry Overview - The global cybersecurity market is projected to grow at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2030, indicating strong momentum in the sector [3]. BlackBerry Overview - BlackBerry has shifted its focus from smartphones to cybersecurity and IoT solutions, with its Secure Communications division encompassing Unified Endpoint Management (UEM), SecuSUITE, and AtHoc solutions [5]. - The demand for UEM solutions is increasing due to the complexity of managing numerous endpoints while ensuring data security and compliance [6]. - BlackBerry has established strong relationships with government agencies, securing over 255 million vehicles and serving 18 of the G20 governments, which provides a stable revenue stream [6]. - The company has successfully cut costs by approximately $150 million and improved its adjusted EBITDA by $54 million for fiscal 2025, reaching $39.3 million [7][10]. - Cash and investments increased by $144 million, driven by strong operating cash flow of $42 million and an $80 million payment from the Cylance deal [8]. - BlackBerry's cautious approach in the Secure Communications division is due to potential instability in government markets, influenced by political changes [9]. Palo Alto Networks Overview - Palo Alto Networks focuses on AI-driven threat detection, next-gen firewalls, and cloud security, with significant growth in its XSIAM platform, which saw over 200% year-over-year annual recurring revenue (ARR) growth [11][12]. - The SASE platform also demonstrated strong performance, with a 36% year-over-year ARR growth and a customer base increase of 22% [12]. - PANW's recent acquisition of Protect AI for $700 million aims to enhance its AI capabilities [13]. - However, PANW faces challenges with shorter contract durations and potential revenue lumpiness due to large deals [14][15]. Financial Performance and Valuation - Over the past month, BB and PANW have seen stock gains of 12.5% and 6.7%, respectively [17]. - BB's forward 12-month price/sales ratio is 4.69X, significantly lower than PANW's 12.86X, indicating a more attractive valuation for BlackBerry [18]. Investment Considerations - BlackBerry presents an appealing investment opportunity due to its strong government ties, improving financials, and focused cybersecurity strategy post-restructuring [25]. - In contrast, PANW's rapid growth and innovation in AI-driven cloud security position it well for long-term growth, but it faces competitive pressures and contract duration concerns [11][14].
Allegiant Named Best Low-Cost Airline in North America at the 2025 World Airline Awards
Prnewswire· 2025-06-23 15:21
For second consecutive year, Allegiant wins for its exceptional customer serviceLAS VEGAS, June 23, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has been named 2025's Best Low-Cost Airline in North America by Skytrax, the international air transport rating organization. This is the second consecutive year Allegiant has won this award.The Las Vegas-based airline received the recognition during Skytrax's World Airline Awards ceremony held at the Paris Air Show in June. Known as the "Oscars o ...
Greenway Technologies Announces Uplisting to OTCQB Venture Market
Globenewswire· 2025-06-23 15:20
ARLINGTON, TX, June 23, 2025 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI) (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announced today that it has successfully uplisted its common stock from the OTC® Pink Market to the OTCQB® Venture Market (“OTCQB”). The uplisting was processed and approved by OTC Markets Group Inc., and Greenway’s common stock commenced trading on the OTCQB on June 20, 2025. Greenway will continue to trade un ...
Fintech Stock Jumps on Stablecoin Partnerships
Schaeffers Investment Research· 2025-06-23 15:17
Fintech stock Fiserv Inc (NYSE:FI) was last seen up 3.6% at $169.14, after news that the company is launching its own bank-friendly stablecoin with Circle (CRCL) on the Solana blockchain. The firm also announced a separate stablecoin partnership with PayPal (PYPL). Fiserv stock jumped above resistance at the $170 level at the open, which has kept a firm lid on gains since mid-May, but found pressure at the 40-day moving average. Since the start of the year, FI is down 18.9%, though it's still holding on to ...
Kroger to shutter 60 stores following shock ouster of CEO, failed merger
New York Post· 2025-06-23 15:13
Major grocery chain Kroger plans to close 60 underperforming stores following the ouster of its CEO and failed merger with rival Albertsons.The chain, which operates more than 1,200 stores, said it took on a $100 million impairment charge related to the planned closures in the first quarter, Kroger said in an earnings release on Friday.It expects a “modest financial benefit” from the closures – which will hit roughly 5% of locations – in the long term, the company added.Kroger plans to close 60 stores over ...