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Understanding Nutanix (NTNX) Reliance on International Revenue
ZACKS· 2025-06-04 14:16
Core Insights - Nutanix's international operations are crucial for understanding its financial resilience and growth potential, especially in a global economy [2][3] Revenue Performance - The total revenue for Nutanix in the quarter was $638.98 million, reflecting a year-over-year increase of 21.8% [4] - International revenue breakdown shows mixed results, with Other Americas contributing $13.56 million (2.12%), which was a -27.66% surprise compared to expectations [5] - Asia Pacific generated $106.9 million (16.73%), falling short of the $112.49 million estimate by -4.97% [6] - Europe, the Middle East, and Africa accounted for $172.42 million (26.98%), exceeding expectations by +14.95% [7] Future Revenue Forecasts - Analysts project total revenue of $642.2 million for the current fiscal quarter, a 17.2% increase year-over-year, with contributions from Other Americas (3%), Asia Pacific (17.8%), and Europe, the Middle East, and Africa (23.7%) [8] - For the full year, total revenue is expected to reach $2.53 billion, a 17.6% increase from the previous year, with specific contributions from each region [9] Strategic Considerations - The reliance on global markets presents both opportunities and challenges for Nutanix, making the analysis of international revenue trends essential for forecasting future performance [10] - Analysts closely monitor these patterns due to the complexities of global interdependence and geopolitical factors [11]
CrowdStrike drops 6% on lackluster guidance, ongoing impact from July IT outage
CNBC· 2025-06-04 14:15
Core Insights - CrowdStrike's shares fell over 6% following disappointing revenue guidance for the current quarter [1] - The company expects revenue between $1.14 billion and $1.15 billion, below the $1.16 billion analyst estimate [2] - Adjusted earnings per share are projected between 82 cents and 84 cents, slightly above the LSEG estimate of 81 cents [2] Financial Performance - Despite weaker guidance, CrowdStrike exceeded earnings estimates with adjusted earnings per share of 73 cents, surpassing the expected 65 cents [5] - Revenue grew approximately 20% year-over-year, but the company reported a net loss of $110.2 million, or 44 cents per share, compared to a net income of $42.8 million, or 17 cents per share, from the previous year [6] - CrowdStrike announced a $1 billion share repurchase plan [6] Operational Challenges - The company is still experiencing repercussions from a significant outage last July, which affected flights and hospital procedures [3] - The termination of the customer commitment packages incentive program resulted in a revenue reduction of about $11 million for the quarter [4] - CrowdStrike anticipates a further revenue impact of $10 million to $15 million through the end of the fiscal year [4] Market Sentiment - Analyst Peter Levine from Evercore ISI downgraded CrowdStrike shares to "in line," citing a combination of full valuation and recurring one-time events as factors affecting upside potential [5] - There is growing investor frustration regarding unresolved issues within the company [5]
Core & Main (CNM) Surges 10.4%: Is This an Indication of Further Gains?
ZACKS· 2025-06-04 14:10
Company Overview - Core & Main, Inc. (CNM) shares increased by 10.4% to $59.09 in the last trading session, with a higher-than-average trading volume [1] - The company has made the Fortune 500 list for the first time at No. 497, indicating rapid growth in providing essential water infrastructure products [2] Financial Performance - Core & Main is expected to report quarterly earnings of $0.52 per share, reflecting a year-over-year increase of 6.1% [3] - Revenue projections for the upcoming quarter are $1.83 billion, which is a 5.3% increase compared to the same quarter last year [3] Market Sentiment - The recent stock price increase is attributed to optimism regarding rising customer demand for storm drainage products and pipes, valves, and fittings [2] - The consensus EPS estimate for Core & Main has remained unchanged over the last 30 days, suggesting that the stock's price movement may not sustain without earnings estimate revisions [4] Industry Context - Core & Main operates within the Zacks Manufacturing - Tools & Related Products industry, where Sandvik AB (SDVKY) also competes [4] - Sandvik's consensus EPS estimate has remained unchanged at $0.36, representing a year-over-year change of 24.1% [5]
Duke Energy supports North Carolina emergency response organizations with $500,000 in storm preparedness funds
Prnewswire· 2025-06-04 14:10
Core Viewpoint - Duke Energy is enhancing support for storm preparedness initiatives in North Carolina by providing grants to local emergency response organizations, aiming to bolster community resilience against natural disasters [1][3]. Group 1: Grant Details - Duke Energy Foundation is awarding $25,000 grants to twenty government agencies and nonprofits to fund severe weather preparedness measures [2]. - The HERO grants will finance emergency preparedness equipment and first responder training, benefiting 20 essential disaster response organizations [7]. Group 2: Importance of Preparedness - Recent natural disasters have had devastating effects across North Carolina, highlighting the need for collaborative response planning as another storm season approaches [3]. - The Duke Energy Foundation has supported over 100 local emergency response organizations with more than $1.8 million in grant funding over the past five years to enhance storm preparedness [4]. Group 3: Statements from Officials - Kendal Bowman, Duke Energy's North Carolina president, emphasized the importance of proactive collaboration with local emergency response organizations to ensure community preparedness [8]. - Local officials, such as Tommy Batson and Tony Ray, expressed gratitude for the grants, noting their critical role in improving emergency response capabilities and community safety [8]. Group 4: Duke Energy Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states and owns 55,100 megawatts of energy capacity [10]. - The company is committed to an ambitious energy transition, focusing on electric grid upgrades and cleaner energy generation [11].
Is Most-Watched Stock Enterprise Products Partners L.P. (EPD) Worth Betting on Now?
ZACKS· 2025-06-04 14:06
Enterprise Products Partners (EPD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this provider of midstream energy services have returned +5.1%, compared to the Zacks S&P 500 composite's +5.2% change. During this period, the Zacks Oil and Gas - Production Pipeline - MLB industry, which Enterprise Products falls in, has gained 3.8%. The key questi ...
Power Metallic gears up for aggressive summer program at Nisk project
Proactiveinvestors NA· 2025-06-04 14:06
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Emerging Markets Power Boston Scientific: Will the Growth Trend Continue?
ZACKS· 2025-06-04 14:06
Key Takeaways Boston Scientific saw 9.8% operational sales growth in emerging markets in Q1 2025 despite geopolitical risks. BSX benefits from favorable economic trends, healthcare infrastructure and sustained investment. BSX competes with ABT and MDT, which also report strong emerging market growth and localization efforts.Emerging markets remain a vital growth engine for Boston Scientific Corporation (BSX) , anchoring the company’s broader international strategy and long-term expansion plans. In the fir ...
TSMC Joins NVIDIA in UAE Push, Fueling Growth Outlook
MarketBeat· 2025-06-04 14:05
A new trend appears to be emerging in the United States technology sector, particularly in light of President Trump's newly implemented trade tariffs across various countries and industries. This one, however, managed to find a way around the new world, looking to team up with a region that holds high-growth potential in the coming months and quarters. Taiwan Semiconductor Manufacturing TodayTSMTaiwan Semiconductor Manufacturing$202.69 +5.08 (+2.57%) 52-Week Range$133.57▼$226.40Dividend Yield1.17%P/E Ratio ...
Top 3 dividend stocks to buy for 2026
Finbold· 2025-06-04 14:04
Core Viewpoint - Holding dividend stocks is an effective long-term investment strategy, particularly during economic downturns, with companies that pay regular dividends often being profitable and well-positioned for future growth. Group 1: Coca-Cola (KO) - Coca-Cola has declared a quarterly dividend of $0.5100, maintaining the same amount as the previous period, with the next pay date on April 1, 2025 [2] - The company has raised its dividend for the 63rd consecutive year, now paying an annualized dividend of $2.04 per share, with a sustainable payout ratio of 77.42% [3] - Coca-Cola is expected to achieve 5-6% organic revenue growth, outperforming competitors like Pepsi [3] Group 2: Johnson & Johnson (JNJ) - Johnson & Johnson has also increased its dividend for 63 consecutive years, with the next estimated dividend amount being $1.3000, payable on June 10, 2025 [4][5] - The company reported a 2.4% year-over-year increase in revenue, with earnings per share (EPS) at $4.54, and currently has a dividend yield of approximately 3.37% [5] Group 3: Pfizer (PFE) - Pfizer's next estimated dividend is $0.4300, with the last declared amount remaining the same, payable on June 13, 2025 [6][7] - Despite declining vaccine revenues, Pfizer is upgrading its drug pipeline with 108 candidates, 30 of which are in Phase 3 [7] - The company boasts a dividend yield of over 7.37%, making it attractive among large-cap healthcare stocks [7]
BAC's Push to Expand Financial Centers: A Catalyst for Growth?
ZACKS· 2025-06-04 14:00
Core Insights - Bank of America (BAC) is aggressively expanding its financial center network to strengthen customer relationships and enter new markets, despite 90% of client interactions occurring digitally [1][2] Expansion Plans - BAC serves nearly 250 million individuals across over 200 markets, covering approximately 82% of the U.S. population, and plans to open 40 new financial centers this year and an additional 110 by 2027, aiming for a total of 3,651 centers by March 31, 2025 [2][10] - Since 2016, BAC has invested over $5 billion in its financial center network, adding 471 centers and renovating over 3,000 centers, with plans for 500 more renovations by 2027 [3][10] Digital Initiatives - The success of BAC's digital offerings, such as the Zelle money transfer system and the Erica digital assistant, is expected to enhance cross-selling opportunities for products like mortgages, auto loans, and credit cards [4] Financial Performance - The expansion of financial centers is projected to positively impact BAC's net interest income (NII), with an expected increase of 6-7% this year due to robust loan demand and higher interest rates [5][10] - BAC's shares have increased by 5.6% over the past three months, compared to 5.8% for JPMorgan and 2% for Wells Fargo [8] Valuation Metrics - BAC's price-to-tangible book (P/TB) ratio stands at 1.68X, which is lower than the industry average and less expensive compared to JPMorgan (2.82X) and Wells Fargo (1.90X) [11] - The Zacks Consensus Estimate indicates year-over-year earnings growth of 12.2% for 2025 and 15.3% for 2026, with recent estimates for 2025 showing a slight upward adjustment [14]