NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Iovance Biotherapeutics, Inc. (“Iovance” or “the Company”) (NASDAQ: IOVA) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired I ...

Core Viewpoint - Devon Energy Corporation (DVN) has shown a year-to-date stock gain of 1.6%, contrasting with a 22.8% decline in the Zacks Oil & Gas - Exploration and Production - United States industry and a 1.3% decline in the broader Zacks Oil and Energy sector [1] Performance Analysis - Over the past year, DVN's stock has declined by 32.7%, indicating a gradual recovery path, while Occidental Petroleum Corporation (OXY) experienced a 31.7% decline [2] - Devon Energy's return on invested capital (ROIC) stands at 8.71%, outperforming the industry average of 7.33% [15] Factors Contributing to Performance - The company benefits from a well-balanced commodity mix, focusing on oil, natural gas, and natural gas liquids, with a production replacement rate of 154% in 2024 [7] - DVN has a diversified, multi-basin portfolio of high-margin oil and gas assets, enhancing its asset base through strategic acquisitions [8] - The acquisition of Grayson Mill Energy's Williston Basin assets expanded net acreage from 123,000 to 430,000 acres, expected to triple production from 50,000 to 150,000 barrels of oil equivalent per day (Boe/d) [9] - A low-cost operating model supports profitability, with ongoing efforts to reduce drilling and completion expenses and streamline the workforce [10] Earnings Performance - DVN has reported strong earnings results, with an average earnings surprise of 6.09% over the last four quarters, despite missing expectations in the most recent quarter [12][13] - The Zacks Consensus Estimate for DVN's earnings per share for 2025 and 2026 has declined by 15.23% and 18.2%, respectively, in the past 60 days [17] Valuation - Devon Energy's shares are currently trading at a trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA TTM) of 3.61X, significantly lower than the industry average of 9.39X, indicating an inexpensive valuation [20] Summary - Devon Energy's multi-basin assets and balanced exposure to various commodities contribute positively to its performance, with a better return than the industry and an attractive valuation [21]

Group 1 - The article promotes a research service focused on various income-generating investment vehicles such as REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting its comprehensive nature and positive user feedback [1] - It mentions that there are 438 testimonials, with most being 5-star ratings, indicating a high level of customer satisfaction with the service [1] Group 2 - The article includes a disclosure stating that the author has a beneficial long position in the shares of a specific company, indicating a personal investment interest [2] - It clarifies that the opinions expressed are solely those of the author and that there is no compensation received from any company mentioned, ensuring transparency [2] Group 3 - The article emphasizes that past performance is not indicative of future results, which is a standard disclaimer in investment discussions [3] - It notes that the views expressed may not reflect those of the platform as a whole, highlighting the diversity of opinions among contributors [3]

Core Points - Wall Street analysts have raised their price targets for CoreWeave Inc, with JPMorgan increasing it from $43 to $66 and Needham from $55 to $78, reflecting positive sentiment following the company's strong earnings report [1][2] Financial Performance - CoreWeave reported first-quarter revenue of $981.63 million, surpassing analyst expectations of $859.77 million, but recorded an adjusted loss of $1.49 per share [2] - The company generated 98% of its revenue from committed contracts, with only 2% from on-demand services, indicating a disciplined approach to capital deployment [9] Customer Concentration - Microsoft accounted for 72% of CoreWeave's total revenue in the first quarter, significantly increasing from 10% in the previous year, contributing $707 million [7] - The remaining revenue grew by 117% to $275 million, with no other customer exceeding 10% of total revenue [7] Contracts and Future Revenue - CoreWeave has a significant contract with OpenAI worth up to $11.9 billion, which is not yet included in the company's RPO balance due to accounting treatment considerations [4][10] - An additional commitment from OpenAI to pay up to $4 billion through April 2029 was signed in May 2025, expected to be reflected in future revenue reports [8] Revenue Backlog and Projections - CoreWeave's cRPO increased by 4% sequentially to $8.5 billion, while long-term RPO declined by 11% to $6.2 billion [10] - Analysts project fiscal 2025 revenue of approximately $5 billion, with adjusted EPS estimates ranging from $(0.98) to $(1.23) [6][11]

Shares of NextEra Energy (NEE) have gained 9.2% in the last three months compared with the Zacks Utility - Electric Power industry’s rally of 5.1%. The company has also outperformed the Zacks Utilities sector in the same time frame.The increase in NextEra Energy’s share price reflects the company’s solid performance and expanding customer base, which is driving greater demand for its services. The decline in interest rates is expected to enhance the outlook for this capital-intensive business.Price Performa ...

PHILADELPHIA, May 16, 2025 /PRNewswire/ -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Compass Diversified Holdings ("Compass" or the "Company") (NYSE: CODI) on behalf of purchasers of Compass securities between May 1, 2024 through May 7, 2025, inclusive (the "Class Period").Investor Deadline: Investors who purchased or acquired Compass securities during the Class Period may, no later than JULY 8, 2025, seek to be appointed as a lead plaintiff represent ...

Expanse (GMGI) Completes Multiple U.S. Integrations and Launches New Flagship SlotMay 16, 2025 3:29 PM EDT | Source: Reportable, Inc. Las Vegas, Nevada--(Newsfile Corp. - May 16, 2025) - Expanse Studios, the proprietary B2B game development unit of Golden Matrix Group Inc. (NASDAQ: GMGI), has successfully completed multiple new integrations across U.S.-focused social and sweepstakes casino platforms, alongside the official release of its newest flagship title, Gates of Olympia. To view the f ...

Core Viewpoint - Novo Nordisk A/S (NVO) has experienced a decline from its peak values, primarily due to the success of its obesity drugs, yet it continues to perform well in the market [1]. Group 1: Company Performance - The company is noted for its long-term investment potential, particularly in the context of its obesity drug portfolio [1]. - Novo Nordisk is characterized as a mix of growth, value, and dividend-paying stock, with a tendency towards value investments [1]. Group 2: Analyst Position - The analyst holds a beneficial long position in Novo Nordisk shares, indicating confidence in the company's future performance [2].

Core Insights - Qualcomm Technologies, Inc. has launched the Snapdragon 7 Gen 4 Mobile Platform, featuring a 65% improvement in AI performance, 30% faster GPU rendering, and a 27% improvement in CPU performance, enhancing gaming and multitasking capabilities [1][2][5] Group 1: Product Innovations - The Snapdragon 7 Gen 4 Mobile Platform supports large language models, generative AI assistants, and stable diffusion image generation on smartphones [1] - New multimedia capabilities include video super resolution, hardware electronic image stabilization, and advanced image processing features [3] - The platform is designed primarily for mid-range smartphones, providing advanced camera capabilities and enhanced gaming experiences [4] Group 2: Market Collaborations - Qualcomm is collaborating with major smartphone manufacturers like HONOR, vivo, and Realme to integrate the Snapdragon 7 Gen 4 Mobile Platform into their upcoming devices [2] - The company is also expanding its presence in the automotive sector, with automotive revenues rising 59% to $959 million in Q2 fiscal 2025, driven by the Snapdragon Digital Chassis platform [6] Group 3: Strategic Initiatives - Qualcomm is diversifying its portfolio beyond smartphones, venturing into AI PCs, AI data centers, automotive, and edge AI industrial IoT technologies [7] - The company is actively participating in Saudi Arabia's Vision 2030 initiative, focusing on advanced AI and 5G technologies [6] Group 4: Competitive Landscape - Qualcomm faces challenges from major clients like Samsung and Apple, which are developing in-house chips, potentially impacting Qualcomm's market share [9] - Intense competition from MediaTek in the mid-range smartphone segment and Broadcom in the network space poses additional challenges [10] Group 5: Financial Performance - Qualcomm shares have declined 21% over the past year, underperforming relative to the industry growth of 20.7% [12] - Earnings estimates for 2025 have increased by 0.34% to $11.8, while estimates for 2026 have decreased by 1.85% to $12.21, indicating mixed investor sentiment [13]

Core Insights - Google CEO Sundar Pichai expressed curiosity about the company's decision not to acquire Netflix, indicating that the topic was intensely debated within the company [1][2] - Despite the discussions, Pichai clarified that the decision against the acquisition is not viewed as a regret [2] - Google has a history of successful acquisitions, but Netflix remains one of the most notable companies that was considered for purchase [4] Company Strategy and Performance - Since its global expansion in 2016, Netflix has become a leader in the entertainment industry, surpassing 300 million subscribers [3] - Google has ventured into the television market with Google TV and YouTube TV but has not fully penetrated the traditional streaming market like Netflix [3] - Google has made several high-profile acquisitions that have become integral to its product offerings, including Waze, Nest, and YouTube [4] Research and Development - Pichai highlighted Google's commitment to pushing technological boundaries, noting the company's involvement in Nobel Prize-winning research [5][6] - In 2024, Google DeepMind's leadership won the Nobel Prize in Chemistry for developing AlphaFold, an AI system for predicting protein structures [6] - Google Research has invested in various projects that have led to practical applications, such as wildfire detection and flood forecasting technologies [6][7]