| CRWV CoreWeave | | 0 | | --- | --- | --- | | 97 630 4 -0.380 -0.39% - 收盘价 02/26 16:00 美东 | | | | 88.740 + -8.890 -9.11% | | 盘前价 02/27 04:06 美东 | | 一 24 24 4 8 8 8 同 0 B B 2 | | ● 快捷交易 | | 最高价 100.750 | 开盘价 98.850 | 成交量 2732.94万 | | 最低价 95.020 | 昨收价 98.010 | 成交额 26.23亿 | | 平均价 95.987 | 市盈率ITM 亏损 | 总市值 508.9亿(--) | | 振 幅 5.85% | 市盈率(静) 亏损 | 总股本 5.21亿 | | 换手率 10.73% 市净率 15.259 | | 流通值 248.57亿 | | 52周最高 187.000 委 比 -33.33% | | 流通股 2.55亿 | | 52周最低 33.515 量 比 0.90 | | 色 手 1股 | | 历史最高 187.000 股息TTM -- | | | | 历史 ...

As large banks modernize, FinTech’s edge in speed and UX may shrink, pushing startups toward niche innovation, partnerships and infrastructure rather than end-to-end disruption.Competitive advantage is moving from balance-sheet scale to software and proprietary data, enabling automated decisioning, embedded finance and platform-style banking models.Updating the banking core has traditionally been viewed as akin to docking a cruise ship, with modernization serving as shorthand for incrementalism. Digitize th ...

Backblaze (NasdaqGM:BLZE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsGleb Budman - Co-founder, CEO and ChairpersonMarc Suidan - CFOMimi Kong - Senior Director of Investor Relations and Corporate DevelopmentRustam Kanga - VP of ResearchConference Call ParticipantsEric Martinuzzi - Senior Research AnalystEthan Widell - AnalystIttai Kidron - Managing Director and Senior AnalystJason Ader - Equity Research Analyst and Co-Head of Technology GroupJeff Van Rhee - Partner and Senior Equ ...

Backblaze (NasdaqGM:BLZE) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker9Good day, everyone. Welcome to the Backblaze fourth quarter and full year 2025 earnings call. Just a reminder, this call is being recorded. I would now like to hand the call over to Ms. Mimi Kong. Please go ahead.Speaker8Thank you. Good morning, and welcome to Backblaze's fourth quarter and full year 2025 earnings call. On the call with me today are Gleb Budman, Co-founder, CEO, and Chairperson of the Board, and Marc Suida ...

Core Insights - Cogent Communications Holdings, Inc. (CCOI) reported mixed fourth-quarter 2025 results, with net income exceeding estimates while revenues fell short [1][9] Financial Performance - The company reported a net loss of $30.8 million or a loss of 64 cents per share, an improvement from a net loss of $43.3 million or a loss of 91 cents per share in the same quarter last year [2] - For the full year 2025, Cogent's net loss was $182.2 million or a loss of $3.80 per share, compared to a net loss of $204.1 million or a loss of $4.28 per share in 2024 [2] Revenue Breakdown - Service revenues decreased to $240.5 million from $252.3 million year-over-year, primarily due to a decline in Off-Net revenues, missing the Zacks consensus estimate of $243.01 million [3] - For 2025, total revenues fell to $975.8 million from $1.04 billion in 2024 [3] - On-Net revenues increased to $134.3 million from $128.8 million year-over-year, surpassing the estimate of $130.9 million, with customer connections rising to 87,944 from 87,500 [3] - Off-Net revenues were $92.9 million, down from $113.2 million in the previous year, with customer connections decreasing to 24,656 from 28,963 [4] - Wavelength revenues rose to $12.1 million from $7 million year-over-year, with customer connections increasing to 2,064 from 1,118 [4] - Non-core revenues decreased to $1.2 million from $3.4 million in the prior year, with customer connections dropping to 2,979 from 5,802 [5] Profitability Metrics - GAAP gross profit was $53.7 million, up from $29.8 million a year ago, with margins improving to 22.3% from 11.8% [6] - Non-GAAP gross profit increased to $112.5 million from $97.6 million year-over-year, with margins rising to 46.8% from 38.7% [6] - EBITDA for the quarter was $51.7 million compared to $41.9 million a year ago, with margins improving to 21.5% from 16.6% [7] - Adjusted EBITDA increased to $76.7 million from $66.9 million year-over-year, with margins rising to 31.9% from 26.5% [7] Cash Flow & Liquidity - In Q4 2025, the company utilized $6 million in cash for operations, compared to a cash generation of $14.5 million in the same quarter last year [10] - For the full year 2025, cash utilized for operating activities was $10.6 million, up from $8.6 million in 2024 [10] - As of December 31, 2025, Cogent had $205.1 million in cash and cash equivalents, down from $227.9 million a year ago, with finance lease obligations increasing to $597.2 million from $517.2 million [11]

Core Insights - Akamai Technologies, Inc. (AKAM) reported strong fourth-quarter 2025 results, with adjusted earnings and revenues exceeding the Zacks Consensus Estimate [1] - The company experienced year-over-year revenue growth, driven by solid demand across various end markets, particularly in security and cloud infrastructure services [1] Financial Performance - GAAP net income for Q4 2025 declined to $85.1 million or 58 cents per share from $139.9 million or 91 cents per share in the previous year, impacted by higher costs and operating expenses [2] - Non-GAAP net income for Q4 2025 was $270.1 million or $1.84 per share, compared to $253.9 million or $1.66 per share a year ago, beating the Zacks Consensus Estimate by 9 cents [2] - For the full year 2025, net income was $452 million or $3.07 per share, down from $504.9 million or $3.27 per share in 2024, while non-GAAP net income increased to $1.05 billion or $7.12 per share from $995.6 million or $6.48 per share in 2024 [3] Revenue Breakdown - Quarterly net sales reached $1.09 billion, a 7% increase from $1.02 billion in the year-ago quarter, driven by strong performance in the Security and Compute segments [4] - Revenues from the Security Technology Group were $592.4 million, up 11% year-over-year, primarily due to demand for Guardicore Segmentation and API security solutions [5] - The Delivery segment generated $311.1 million, down from $317.8 million in the previous year, but exceeded estimates [5] - The Cloud Computing segment reported revenues of $191.4 million, up from $167.5 million, although it missed estimates [6] - U.S. net sales were $552.9 million, a 4% increase year-over-year, while international revenues rose to $542.1 million from $490.1 million [6] Operating Expenses and Cash Flow - Total operating expenses increased to $1 billion from $871.9 million in the prior-year period, while non-GAAP income from operations improved to $316 million [7] - Adjusted EBITDA for Q4 was $457.5 million, up from $429.4 million in the year-ago quarter [7] - In Q4, Akamai generated $366.6 million in cash from operations, compared to $343.8 million in the previous year, with total cash and cash equivalents at $930.2 million as of December 31, 2025 [9] Future Outlook - For Q1 2026, Akamai expects revenues between $1.06 billion and $1.085 billion, with non-GAAP operating margins projected at 26-27% and earnings forecasted at $1.50-$1.67 per share [10] - For the full year 2026, revenues are expected to be between $4.4 billion and $4.55 billion, with non-GAAP operating margins of 26-28% and earnings projected at $6.20-$7.20 per share [11]

Core Insights - Modine Manufacturing (MOD) shares have increased nearly 63% year to date, outperforming industry peers such as Vertiv Holdings (VRT) and Johnson Controls (JCI) [1][10] - Investors are questioning whether the positive news has already been factored into the stock price [1] Financial Performance - Modine's revenue rose 31% year over year to $805 million, with adjusted EPS increasing 29% to $1.19, surpassing estimates [4] - Data center sales within the Climate Solutions unit surged 78% year over year, with expectations for 50-70% annual growth over the next two fiscal years [5] - The company anticipates data center revenues to exceed $400 million in the fourth quarter, leading to an annualized run rate of $1.6 billion [6] Margin Expansion - Climate Solutions segment adjusted EBITDA margin was 17.9% in the latest quarter, with expectations to reach 20-21% in fiscal fourth-quarter 2026 and 20-23% in fiscal 2027 [7] - Modine is targeting eight chiller lines by the end of fiscal 2026 and about 20 lines by early fiscal 2028, representing a cumulative capacity expansion of approximately 125% over two years [8] Strategic Initiatives - Modine is implementing an 80/20 operating discipline to focus on high-return products and streamline operations, which is enhancing product mix and execution [11] - The planned spin-off of the Performance Technologies business via a Reverse Morris Trust transaction with Gentherm (THRM) is expected to strengthen Modine's position as a pure-play Climate Solutions company [12] Valuation and Growth Estimates - Modine trades at around 31X forward earnings, which is above both its sub-industry average and its own five-year average, supported by strong fundamentals [13] - The Zacks Consensus estimate indicates EPS growth of 19% in fiscal 2026 and 50% in fiscal 2027, with upward revisions in EPS estimates over the past 30 days [15] Conclusion - Modine's stock performance is driven by solid fundamentals, benefiting from structural demand in AI and data center cooling, expanding margins, and a simplified portfolio [16] - With strong guidance and rising profitability, Modine remains an attractive investment opportunity for those looking to capitalize on the data center cooling trend [17]

Core Insights - Club Grid is launching a fully integrated infrastructure platform specifically designed for nightlife venues, aiming to modernize an industry valued at $175 billion globally [6][9] - The platform addresses inefficiencies in nightlife operations by centralizing various functions into a secure, cloud-based ecosystem, thus preventing costly mistakes and maximizing revenue [2][3][4] Company Overview - Club Grid is a next-generation cloud infrastructure platform that streamlines operations, staff management, VIP workflows, analytics, fraud prevention, and payment infrastructure within one secure platform [11] - Founded by Eric Zhivalyuk, the company aims to modernize and scale the nightlife industry through centralized control, automation, and AI-driven intelligence [8][11] Operational Efficiency - The platform consolidates staff management, role-based permissions, digital contracts, entertainer scheduling, and financial reconciliation into a single dashboard, providing real-time visibility across departments [3][4] - By eliminating fragmented systems, Club Grid enhances accountability, reduces operational errors, and increases profitability for venue operators [4][7] Financial Control - Club Grid strengthens financial oversight by integrating POS connectivity, structured payout tracking, and fraud mitigation, which helps prevent discrepancies and safeguard revenue streams [7][9] - The platform automates reconciliation processes, reducing internal risk and enhancing financial transparency for nightlife venues [7][8] Market Positioning - Club Grid is positioning itself as the new infrastructure standard for nightlife venues, empowering them to centralize operations and unlock AI-driven intelligence across multiple locations [9][11] - The platform is purpose-built to handle the unique workflows and revenue models of nightlife venues, differentiating itself from generic hospitality software [6][9]

Group 1: Major Tech Infrastructure Issues - A significant wave of technical difficulties affected major platforms including Cloudflare, Amazon Web Services, and Alphabet, with YouTube reporting over 240,000 user outages in the U.S. [2][3][11] Group 2: Monetary Policy and Economic Outlook - The Reserve Bank of New Zealand maintained its Official Cash Rate at 2.25%, indicating a commitment to an accommodative monetary policy to support economic recovery [4][5][11] Group 3: AI Infrastructure Investment - AI startup Anthropic plans to invest at least $80 billion in cloud services from Amazon, Alphabet, and Microsoft through 2029 to support its AI models [6][7][11] Group 4: Corporate Strategic Moves - Lawson is expanding into the Indian market to leverage growth opportunities amid a saturated Japanese retail landscape [8][11] - Santos is implementing a 10% workforce reduction as part of a cost-saving initiative to enhance operational efficiency in the energy sector [9][11]

Group 1: Stock Performance and CEO Actions - CoreWeave Inc (NASDAQ:CRWV) shares are trading lower, with a drop attributed to CEO Michael Intrator's disclosure of share sales totaling 32,455 shares worth $7.72 million on February 11 [1] - At the time of publication, CoreWeave shares were down 5.83% at $90.44, reflecting broader market volatility as the Nasdaq Composite decreased by 0.09% [4] Group 2: Upcoming Earnings and Market Sentiment - CoreWeave is scheduled to report earnings on February 26, with market anticipation focused on assessing the company's fiscal health and future prospects [3] - Analyst sentiment remains optimistic, with Deutsche Bank upgrading the stock from Hold to Buy and setting a price target of $140 [2] Group 3: Analyst Consensus and Financial Estimates - The stock carries a Buy Rating with an average price target of $125.70, while recent analyst actions include Macquarie maintaining a Neutral rating with a target of $115.00 and Mizuho raising its target to $100.00 [4] - Earnings per share (EPS) is estimated to be a loss of 65 cents, down from 75 cents year-over-year, while revenue is estimated at $1.53 billion, up from $1.45 billion year-over-year [4]