MARA (NasdaqCM:MARA) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsFred Thiel - Chairman and CEOGreg Lewis - Managing DirectorKevin Dede - Managing DirectorReggie Smith - Executive DirectorRobert Samuels - VP of Investor RelationsSalman Khan - CFOConference Call ParticipantsChris Brendler - Senior Research AnalystPaul Golding - Senior U.S. Payments and Digital Commerce AnalystOperatorGreetings, welcome to the MARA Q4 2025 earnings call. At this time, all participants are in a liste ...

Core Viewpoint - SWI Stoneweg Icona Group is expanding its digital infrastructure portfolio through the acquisition of significant stakes in a US data center company for a total of USD 330 million, following a previous acquisition of a private holding company for USD 170 million, which will enhance its overall shareholding and liquidation preference in the company [1]. Group 1: Acquisition Details - SWI Group has entered into a binding agreement to acquire additional interests in digital infrastructure and technology-enabled businesses for an aggregate purchase price of USD 330 million [1]. - On February 1, 2026, SWI Digital exercised its option to acquire all of the issued share capital of a private holding company for USD 170 million [1]. - Upon completion of both transactions, SWI is expected to hold 77.2% by value of the USD 1.124 billion liquidation preference attached to the preferred share classes in the company and approximately 38.3% of the total shareholding [1]. Group 2: Company Overview - SWI Stoneweg Icona Group is listed on the Amsterdam Euronext Stock Exchange under the ticker SWICH and operates in various sectors, including Data Centers, Real Estate, Credit, and the Financial Sector [1]. - The company manages approximately €11 billion in assets and has around 300 employees across 26 offices worldwide [1]. - SWI Group focuses on the development, acquisition, and management of data center assets through its subsidiary AiOnX, aiming to build high-quality, income-generating infrastructure over time [1].

CASTLE ROCK, Colo., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, announced today that it has scheduled its fourth quarter and year-end 2025 earnings conference call for Monday, March 2, 2026, at 4:30 P.M. EST. This conference call will be available through an audio-only webcast. Please use this link here to register. Participants who choose to d ...

On February 12, 2026, Oasis Management Co Ltd. disclosed a new position in Core Scientific (NASDAQ:CORZ), acquiring 2,643,729 shares worth $38.49 million. What happened According to a Securities and Exchange Commission (SEC) filing dated February 12, 2026, Oasis Management Co Ltd. reported acquiring 2,643,729 shares of Core Scientific as a new position. The quarter-end value of the position stood at $38.49 million, which accounts for both the purchase and the stock’s price movement during the period. Wh ...

Core Insights - Equinix, Inc. is a leading digital infrastructure company specializing in global data center colocation and interconnection solutions, with a market capitalization of $78.72 billion [2]. Financial Performance - The company is expected to report a profit of $8.04 per share for Q4 fiscal 2025, reflecting a 1.5% year-over-year increase [4]. - For the full fiscal year 2025, diluted EPS is projected to decline by 2.8% to $34.03, followed by a 6.1% increase to $36.09 in fiscal 2026 [4]. - Equinix reported Q3 fiscal 2025 revenue of $2.32 billion, a 5.2% increase year-over-year, matching forecasts [7]. - Adjusted FFO for Q3 increased 8.6% annually to $9.83 per diluted share, surpassing Street estimates [7]. Stock Performance - Equinix's stock has declined 12.8% over the past 52 weeks but gained 4.7% over the past six months, underperforming the S&P 500 Index which increased by 16.9% and 10.8% respectively [5]. - Compared to the real estate sector, represented by the State Street Real Estate Select Sector SPDR ETF (XLRE), Equinix has underperformed over the past year but outperformed over the past six months, with XLRE increasing by 2.7% and 1.1% in the same periods [6].

Market Performance - US stocks rose on Friday, with the S&P 500 climbing 0.3%, the Dow Jones Industrial Average adding about 100 points (0.2%), and the Nasdaq Composite gaining 0.5% [1] - Weekly performance across major benchmarks was mixed, with the S&P 500 hovering just below breakeven, the Nasdaq Composite on track for a modest 0.2% decline, and the Dow heading for a weekly gain of about 0.1% [3] Sector Performance - Technology stocks led the session, with Nvidia rising more than 1% and Tesla also trading more than 1% higher, contributing to the Nasdaq's advance [2] - On the Dow, IBM and Honeywell were industrial heavyweights leading gains, rising 1.9% and 1.6%, respectively [2] Semiconductor Sector - The semiconductor sector saw a rally following strong earnings from Taiwan Semiconductor Manufacturing, which reinforced confidence in sustained demand for advanced chips tied to artificial intelligence [4] - A trade agreement between the US and Taiwan, where Taiwanese companies committed to invest at least $250 billion in production capacity in the US, was viewed positively for strengthening domestic supply chains and supporting long-term growth in the semiconductor sector [5] Investor Sentiment - Despite geopolitical tensions and concerns over the Federal Reserve's independence, markets remained resilient, supported by solid corporate earnings and enthusiasm around artificial intelligence and technology investment [9] - Analysts at Morgan Stanley noted that corporate earnings strength could propel further gains in equities, with expectations reflecting significant productivity gains and operating margin expansion [10] Future Outlook - Morgan Stanley cautioned that the widespread adoption of artificial intelligence may proceed more slowly than expected, and the Federal Reserve's focus may shift from cutting interest rates to accommodating balance sheet growth [12]

Company Overview - Equinix, Inc. (NASDAQ:EQIX) is a leading digital infrastructure company that provides data center and interconnection services globally, facilitating connections between businesses and their partners and customers through an extensive network of data centers [1] Market Position and Analyst Sentiment - Deutsche Bank initiated coverage on Equinix with a "Buy" rating on January 5, 2026, reflecting confidence in the company's market position and growth potential in the digital infrastructure sector [2][6] - The stock price at the time of Deutsche Bank's coverage initiation was $772.02, indicating a positive outlook for investors [2] Financial Performance and Upcoming Events - Equinix has scheduled a conference call for February 11, 2026, to discuss its financial results for the fourth quarter and full year of 2025, which will provide insights into its financial health [3][6] - The current trading price of EQIX is $772.02, with a market capitalization of approximately $75.31 billion, highlighting its significant presence in the industry [4][6] Trading Activity - Today's trading volume for EQIX is 531,970 shares on the NASDAQ exchange, suggesting strong investor interest, likely influenced by the upcoming financial results announcement and Deutsche Bank's recent "Buy" rating [5][6]

Company Overview - Full Truck Alliance Co. Ltd. operates as a leading digital freight platform in China, utilizing technology to efficiently connect shippers and truckers, providing a competitive advantage in the logistics sector [5] - The company generates revenue primarily through transaction fees, value-added services, and technology development for shippers and truckers in China [8] - Full Truck Alliance's revenue for the trailing twelve months (TTM) is $1.71 billion, with a net income of $588.99 million and a dividend yield of 1.7% [4] Recent Performance - In the third quarter, Full Truck Alliance reported revenue of approximately $472 million, reflecting an 11% year-over-year increase, driven by a 39% surge in transaction services [10] - Fulfilled orders increased by over 22%, and average monthly active users (MAUs) for shippers rose nearly 18%, indicating strong engagement and scale advantages [10] - Despite revenue growth, net income declined by 18% year-over-year due to higher operating costs and increased investment in technology [11] Investment Position - Highlander Partners reduced its position in Full Truck Alliance by 260,000 shares, decreasing exposure by $1.65 million, leaving a total of 1.23 million shares valued at $15.93 million as of September 30 [2][3] - Full Truck Alliance still represents 5.56% of Highlander's 13F assets under management (AUM), making it the fifth-largest holding [3] - The stock price of Full Truck Alliance was $11.25, showing a 4% increase over the past year, but underperforming compared to the S&P 500, which rose by about 17% in the same period [3]

Core Viewpoint - VEON Ltd. and Rakuten Group have signed a Memorandum of Understanding to explore strategic collaboration in next-generation connectivity and digital services, focusing on cloud-native network infrastructure [1][2][3] Group 1: Collaboration Framework - The MoU establishes a framework for cooperation on modern, software-driven telecom networks and scalable digital platforms [2] - The collaboration will assess opportunities in key technology areas such as Open RAN architectures, AI-powered network intelligence, and global IoT connectivity [2] Group 2: Strategic Goals - The partnership aims to leverage Beeline Kazakhstan's market position and Rakuten Symphony's expertise to modernize connectivity infrastructure and develop advanced digital services in Kazakhstan [3] - The collaboration reflects a commitment to enhancing efficiency, resilience, and customer experience through next-generation network architectures [4] Group 3: Company Backgrounds - VEON provides connectivity and digital services to nearly 150 million connectivity users and 140 million digital users across five countries [5] - Beeline Kazakhstan serves 11.9 million mobile customers and around one million fixed internet customers, with a focus on digital solutions [6] - Rakuten Group operates in e-commerce, fintech, digital content, and communications, serving 2 billion members globally [7][8] Group 4: Innovation and Technology - Rakuten Symphony aims to disrupt traditional telecom models with open interface platforms that enable rapid service deployment at lower costs [9] - The collaboration with Beeline Kazakhstan is part of a broader strategy to enhance network evolution and digital service ambitions within the VEON Group [4]

Core Insights - Dycom Industries, Inc. (DY) has experienced a 39.6% increase in stock price over the past three months, outperforming the Zacks Building Products - Heavy Construction industry, the broader Construction sector, and the S&P 500 Index [1] Demand Drivers - The company is benefiting from strong demand for fiber and digital infrastructure, driven by increased data center projects and the Broadband Equity, Access and Deployment (BEAD) program [2][4] - Dycom is positioned to capitalize on the early stages of a generational deployment of digital infrastructure, with significant growth expected in the construction of new outside plant data center networks starting in 2026 [5] Financial Performance - For the first nine months of fiscal 2026, Dycom's contract revenues grew 13% year-over-year to $4.09 billion, supported by robust demand for telecommunications and digital infrastructure [5] - The total backlog as of October 2025 increased by 4.7% year-over-year to $8.22 billion, with the next 12-month backlog rising 11.4% [8] BEAD Program Impact - The BEAD program is expected to provide a multiyear catalyst with $29.5 billion in anticipated state and territory spending, of which approximately $26 billion is directed toward fiber or HFC infrastructure [9] - Dycom has secured over $500 million in verbal BEAD-related awards, indicating potential for substantial revenue growth as these awards convert to contracts [10] Strategic Acquisitions - Dycom's growth strategy includes targeted acquisitions, such as the acquisition of Power Solutions, which enhances its capabilities in electrical infrastructure solutions and strengthens ties with hyperscalers [11] - The acquisition of Black & Veatch's public-carrier wireless infrastructure business has expanded Dycom's wireless construction capabilities and is expected to contribute significantly to revenues [12] Future Outlook - Dycom anticipates contract revenues for the fiscal fourth quarter to be between $1.26 billion and $1.34 billion, reflecting growth from $1.085 billion in the prior year [13] - For fiscal 2026, total contract revenues are expected to range from $5.350 billion to $5.425 billion, representing a year-over-year increase of 13.8% to 15.4% [14] Earnings Estimates - Earnings estimates for fiscal 2026 and fiscal 2027 have trended upward, indicating year-over-year growth of 25.2% and 42.3%, respectively [15] - Dycom's trailing 12-month return on equity (ROE) stands at 22.2%, surpassing the industry average, highlighting its efficiency in generating shareholder returns [18] Valuation and Market Position - Dycom stock is currently trading at a premium with a forward 12-month price-to-earnings (P/E) ratio of 24.46, reflecting strong market fundamentals [19] - Analysts have a "Strong Buy" recommendation for Dycom, indicating positive sentiment towards the stock [25]