J P M O R G A N North America Equity Research 27 June 2025 Semiconductors 2025 CIO Survey: Results Suggest Sustained Strong AI Spending Intentions And Supports Our View Of 30-35% Revenue CAGR For AI/Accelerated Compute Semis Over Next Several Years J.P. Morgan's recent CIO Survey (see presentation published this morning here) asked 168 CIOs, who manage ~$123B of annual enterprise IT spending power, their company-specific intentions over the next several years. Key questions asked that were relevant for semi ...

see it is outperforming every single one of them. So joining us now is the analyst behind that upgrade. Call Stifel Managing director Brad Reback.Brad, the shares as I talk about it right now, have hit a record high in trading today. Oracle has I want to call it a stealth behemoth, but people have paid attention. It's a mega-cap name that is hitting record highs outperforming mag seven.This is a call that maybe is a little late. So why do it now. And what do you see ahead for Oracle.>> Absolutely. No questi ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Singal's mission is to empower every generation with products ranging from telecommunication to ICT leaving the operational overhead on all the infrastructure and connectivity layers to sync tab. Every enterprise that we do business with, they have transformation strategy to unlock new business lines, revenue streams and to become more efficient operationally. And as models transform, customers become more and more confident in leaning to AI to solve a lot of their challenges and to automate the way they op ...

Core Insights - Fortinet's FortiGate platform is central to its secure networking strategy, driving hardware adoption and facilitating expansion into other solutions [1][10] - The launch of the FortiGate 700G series enhances performance and energy efficiency, appealing to mid-sized businesses and distributed enterprises [3][10] - Fortinet's product revenues grew 12% year-over-year in Q1 2025, with FortiGate hardware being the primary growth driver [4] Product and Market Performance - FortiGate firewalls are often the first product for customers, leading to increased integration of Fortinet's other offerings [2][10] - In Q1 2025, FortiGate hardware outpaced overall product growth, expanding in the mid-teens [4] - The company estimates product revenues for 2025 to reach $2.14 billion, indicating a 12.3% year-over-year growth [4] Competitive Landscape - Fortinet faces stiff competition from Palo Alto Networks and Check Point Software, both of which are experiencing strong adoption of their firewall capabilities [5] - Palo Alto Networks reported a 20% year-over-year growth in Software Firewall ARR, driven by public cloud deployments [6] - Check Point Software saw a 14% year-over-year rise in product and license revenues, with expectations of continued momentum through 2026 [7] Stock Performance and Valuation - Fortinet's shares have risen 11.1% year-to-date, underperforming the Zacks Security industry's growth of 23.4% [8] - The stock is currently trading at a Price/Book ratio of 40.17X, compared to the industry's 24.88X, indicating a lower valuation score [12] - The Zacks Consensus Estimate for Q2 2025 earnings is 59 cents per share, reflecting a 3.51% year-over-year growth [15]

Group 1 - Oracle's stock experienced significant gains, rising 4.6% during trading, with an earlier peak of 8.6%, amid a positive market environment [1] - The company's valuation increased following new guidance from management and positive analyst coverage, leading to a new all-time high in share price [1][3] - CEO Safra Catz reported strong performance in the 2026 fiscal year, with MultiCloud database revenue growing at over 100% and a new deal expected to generate over $30 billion in sales starting in the 2028 fiscal year [4] Group 2 - Stifel upgraded Oracle's stock rating from hold to buy, raising the one-year price target from $180 to $250, citing increased capital expenditures and performance obligations as indicators of success in cloud services [5] - Barclays also provided positive coverage, maintaining an overweight rating and a one-year price target of $221, suggesting that recent growth and contract news would alleviate investor concerns about meeting growth targets [6] - The strong rally in Oracle's stock indicates a new valuation high, with potential for long-term gains driven by cloud advancements [7]

The company has signed a deal that could contribute up to $30B in revenueShares of software name Oracle Corp Inc (NYSE:ORCL) are charging higher, up 5.6% at $221.72, at last glance, after an upgrade from Stifel to "buy" from "hold. The firm cited the company's cloud momentum, throwing in a lofty price-target hike to $250 from $180. Shortly after the bull note, Oracle also announced an anonymous cloud deal worth up to $30 billion in annual revenue starting in 2028.Oracle has been an outperformer on the chart ...

Oracle CEO Safra Catz speaks at the FII PRIORITY Summit in Miami Beach, Florida, on Feb. 20, 2025.Oracle shares jumped more than 5% after a recent filing showed a cloud deal that would add over $30 billion annually.CEO Safra Catz is slated to share the deal news at a company meeting Monday, according to a filing with the Securities and Exchange Commission. The revenues are expected to start hitting in the 2028 fiscal year."Oracle is off to a strong start in FY26," Catz is expected to say, according to the f ...

Key Takeaways EMCOR's data center work surged 112% YoY, hitting $3.6B of its $11.75B total backlog in Q1 2025. Demand is fueled by hyperscale and enterprise clients adopting cloud and generative-AI technologies. EME expects continued growth through 2026, supported by strong client visibility and record backlog.EMCOR Group, Inc. (EME) is gaining solid traction in the data center space, positioning itself to benefit from long-term demand in the digital infrastructure ecosystem. The company has significantly ...

Core Insights - Tenable has been recognized as a Major Player in the inaugural IDC MarketScape: Worldwide Cloud-Native Application Protection Platform (CNAPP) 2025 Vendor Assessment, highlighting its strong position in the market [1][2]. Company Overview - Tenable is identified as an exposure management company that focuses on closing cybersecurity gaps that can undermine business value, reputation, and trust [7]. - The company serves approximately 44,000 customers globally, providing a unified security visibility and action platform that spans various environments, including IT infrastructure and cloud [7]. Product Capabilities - Tenable Cloud Security offers a comprehensive CNAPP solution that integrates seamlessly with Tenable One, enabling organizations to secure their entire cloud stack without needing additional tools [3]. - The platform provides tailored visibility for specific cloud providers such as AWS, GCP, Azure, and Oracle Cloud, simplifying the interpretation of security findings for personnel [4]. - It emphasizes context-rich prioritization and identity-intelligent risk analysis, allowing for the identification of critical vulnerabilities and toxic access combinations that may be overlooked by other solutions [4]. Market Recognition - The IDC MarketScape assessment involved structured discussions, interviews with market leaders, and end-user experiences, validating Tenable's strategies and capabilities in the CNAPP space [2]. - Eric Doerr, the chief product officer of Tenable, stated that this recognition underscores the company's commitment to helping customers manage risk across their cloud environments and overall attack surface [5].