"The addition of Satcom Direct's military and government business enabled us to leverage our investments in business aviation across a broader customer base, enhancing returns and diversifying our revenue streams. Now, with General Minihan's addition to the Board, his leadership and insight in this space will be instrumental as we grow our military and government segment to reach new heights," continued Thorne. "Gogo's commitment to delivering secure, mission-critical connectivity to allied forces aligns wi ...

Inmarsat Maritime’s fully managed service has found ready audience among shipping companies seeking power of multiple networks with convenience of single providerCARLSBAD, Calif., July 01, 2025 (GLOBE NEWSWIRE) -- Inmarsat Maritime, a Viasat company, has announced that orders for NexusWave have exceeded 1,000-vessels. Following months of rigorous development and testing, the service has gained incredible momentum in its first six months on the market with global customers adopting NexusWave for their fleets ...

Key Takeaways When stocks are cruising near all-time or 52-week highs, it reflects considerable bullishness with trends where buyers are in control. Stocks making new highs tend to make even higher highs, particularly when analysts' positive earnings estimate revisions are present. That's been precisely the case for Credo Techology Group (CRDO) and Heico (HEI) , both of which presently sport a favorable Zacks Rank and are trading near 52-week highs with notable momentum. Let's take a closer look at what's b ...

Core Viewpoint - Gogo has received Supplemental Type Certification (STC) for its Gogo C1 line replaceable unit (LRU), which will support 42 aircraft models and ensure compatibility with its upcoming LTE network upgrade, enhancing inflight connectivity for legacy air-to-ground (ATG) customers [1][2][5]. Group 1: Product and Certification Details - The Gogo C1 LRU has been certified for 42 aircraft models, covering 70% of North American Gogo legacy ATG customer aircraft [1][2]. - The certification allows seamless transition for customers using legacy ATG systems to the upgraded Gogo Biz North American 850MHz Licensed LTE network, set to launch in May 2026 [2][3]. - The C1 features a dual-technology aircard that connects to the existing network and will automatically switch to the new LTE network when available [3]. Group 2: Installation and Incentives - Gogo is offering a $35,000 installation incentive for customers who complete the C1 installation before December 31, 2025 [4]. - The installation process is designed to be straightforward, requiring minimal downtime due to the C1's form-fit replacement design [3][4]. Group 3: Strategic Partnerships and Future Plans - Metrea Aerospace Design (MASD) collaborated with Gogo to generate the AML STC, enhancing the certification process for various aircraft models [2][8]. - Gogo is working with its dealer network to ensure a streamlined installation process for customers transitioning to the Gogo AVANCE products, which offer higher connection speeds and additional features [4][6].

Group 1: Zacks Premium and Style Scores - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1][2] - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] Group 2: Style Score Categories - The Value Score focuses on identifying undervalued stocks by analyzing ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] - The Growth Score assesses a company's financial strength and future outlook by examining projected and historical earnings, sales, and cash flow [4] - The Momentum Score evaluates trends in stock price and earnings outlook, using factors like one-week price change and monthly earnings estimate changes to identify high-momentum stocks [5] - The VGM Score combines the three Style Scores to highlight stocks with attractive value, strong growth forecasts, and promising momentum, serving as a useful indicator alongside the Zacks Rank [6] Group 3: Zacks Rank and Performance - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B to maximize returns [9] Group 4: TE Connectivity Overview - TE Connectivity is a global technology company specializing in connectivity and sensor solutions across various industries, including automotive, aerospace, defense, energy, and medical, with operations in over 130 countries [11] - TE Connectivity holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating potential for growth [11] - The company is projected to achieve year-over-year earnings growth of 9.1% for the current fiscal year, with upward revisions in earnings estimates from six analysts in the last 60 days [12]

Credo Technology Group TodayCRDOCredo Technology Group$76.10 -0.36 (-0.47%) 52-Week Range$22.50▼$86.69Price Target$78.60Add to WatchlistCredo Technology Group’s NASDAQ: CRDO stock price surged 25% following its FQ4 earnings release and guidance update, and it will likely set a new all-time high soon. The results were strong and affirmed the company’s growing importance in the data center, high-performance computing, and AI industries. Once dependent on Amazon NASDAQ: AMZN and Amazon Web Services for its bu ...

Credo Technology Group (CRDO) Q4 2025 Earnings Call June 02, 2025 05:00 PM ET Company Participants Dan O'Neil - Vice President-Corporate Development & Investor RelationsBill Brennan - President, CEO & ChairDan Fleming - Chief Financial OfficerVivek Arya - Managing DirectorTore Svanberg - Managing DirectorThomas O'Malley - Director - Equity ResearchVijay Rakesh - Managing DirectorKarl Ackerman - Managing Director - Equity ResearchJoshua Buchalter - Director - Equity Research Conference Call Participants Quin ...

Financial Data and Key Metrics Changes - In Q4, the company reported revenue of $170 million, a 26% sequential increase and up 180% year over year [5][23] - For fiscal year 2025, total revenue reached $437 million, representing a growth of 126% year over year [6][22] - Non-GAAP gross margin for Q4 was 67.4%, and for fiscal year 2025, it was 65% [6][22] - Non-GAAP operating income in Q4 was $62.5 million, compared to $42.4 million in Q3, reflecting significant leverage from revenue growth [25] Business Line Data and Key Metrics Changes - The Active Electrical Cable (AEC) product line maintained a steep growth trajectory, with significant contributions from three hyperscalers, each contributing over 10% of revenue in Q4 [10][24] - The optical business achieved strong momentum, with revenue growth targets met, including a significant win for an 800 gig transceiver expected to deploy in fiscal 2026 [13][14] - The retimer business also showed robust results, driven by 50 gig and 100 gig per lane Ethernet solutions, with expectations for strong growth in fiscal 2026 [17][18] Market Data and Key Metrics Changes - The company anticipates increasing customer diversification across copper and optical connectivity for various applications, particularly in AI networks [10][21] - The demand for high-speed connectivity solutions is expected to continue growing among hyperscaler customers [21] Company Strategy and Development Direction - The company is focused on customer-driven innovation and has successfully capitalized on a predicted inflection point in demand for high-performance connectivity solutions [8][19] - The strategy includes a holistic innovation approach that integrates advanced technology, system-level solutions, and a robust software platform [9][10] - The company aims to capture significant opportunities in the global AI infrastructure investment wave, positioning itself for sustained growth [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained revenue growth driven by strong customer forecasts and new design wins [12][19] - The company expects revenue for Q1 of fiscal 2026 to be between $185 million and $195 million, with a year-over-year growth expectation exceeding 85% for the full year [27][28] - Management highlighted the importance of flexibility in navigating tariff risks and the evolving macroeconomic environment [56] Other Important Information - The company ended Q4 with cash and equivalents of $431.3 million, an increase of $52.1 million from Q3, indicating strong financial health [26] - CapEx for Q4 was $3.7 million, with expectations for CapEx to double in fiscal 2026 to support growth initiatives [22][82] Q&A Session Summary Question: Can you quantify the revenue contribution from the largest customers? - The largest customer accounted for 61% of revenue, with two others contributing 12% and 11% respectively, and diversification is expected to continue in fiscal 2026 [34][35] Question: What are the expectations for gross margin and EBIT margin? - Gross margin is expected to be around 65% for Q1, with EBIT margin expected to follow improvements in net margin [36][39] Question: Can you discuss the use cases for large customers, especially regarding AEC? - The main use cases include connecting servers with switches, with a significant focus on scale-out networks [44][45] Question: What is the competitive landscape for AEC products? - The competitive environment remains stable, with the company focused on delivering innovative solutions quickly to maintain leadership [88] Question: How is the company positioned for optical growth? - The company expects to double or exceed its optical revenue in fiscal 2026, with strong traction in 100 gig per lane designs [69][70] Question: Are there any supply chain bottlenecks? - The company has shown the ability to ramp production quickly, with silicon lead times being the longest, but overall supply chain management is strong [101][103]

Financial Data and Key Metrics Changes - In Q4, the company reported revenue of $170 million, a 26% sequential increase and up 180% year over year [4][22] - For fiscal year 2025, total revenue reached $437 million, representing a growth of 126% year over year [5][21] - Non-GAAP gross margin for Q4 was 67.4%, and for fiscal year 2025, it was 65% [5][21] - Non-GAAP operating income in Q4 was $62.5 million, compared to $42.4 million in Q3, reflecting significant leverage from revenue growth [24] Business Line Data and Key Metrics Changes - The Active Electrical Cable (AEC) product line maintained a steep growth trajectory, with significant contributions from three hyperscalers, each contributing over 10% of revenue [9][22] - The optical business achieved strong momentum, with revenue growth targets met and significant wins in 50 gig and 100 gig per lane optical DSPs [12][15] - The retimer business also delivered robust results, driven by 50 gig and 100 gig per lane Ethernet solutions [15] Market Data and Key Metrics Changes - The company noted increasing customer diversification across copper and optical connectivity for various applications, particularly in AI networks [8][20] - The demand for high-speed connectivity solutions is growing among hyperscaler customers, driven by the need for advanced AI services [20] Company Strategy and Development Direction - The company is focused on customer-driven innovation and has positioned itself as a leader in high-speed connectivity solutions, particularly in the AI landscape [6][18] - The strategy includes expanding the AEC market and enhancing optical connectivity solutions, with a commitment to energy efficiency and reliability [14][19] - The company anticipates significant growth opportunities in the optical market, particularly with the introduction of new products [14][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained revenue growth, driven by increasing customer diversification and the anticipated ramp-up of new hyperscale customers [9][33] - The company expects revenue for Q1 of fiscal 2026 to be between $185 million and $195 million, indicating a 12% sequential growth at the midpoint [26] - For fiscal year 2026, the company projects revenue to exceed $800 million, with year-over-year growth exceeding 85% [27] Other Important Information - The company ended Q4 with cash and equivalents of $431.3 million, an increase of $52.1 million from Q3 [25] - Capital expenditures (CapEx) are expected to double in fiscal year 2026 to support growth initiatives [78] Q&A Session Summary Question: Can you quantify the contribution of the largest customers? - The largest customer accounted for 61% of revenue, with two others contributing 12% and 11% respectively [32] Question: What are the expectations for gross margin in the upcoming quarters? - Gross margin is expected to trend around 65% for Q1, with potential for further expansion as scale increases [34][36] Question: Can you elaborate on the use cases for large customers? - The primary use cases include connecting servers with switches, focusing on both front-end and back-end networks [42] Question: What is the competitive landscape for AEC products? - The competitive environment has not changed significantly, and the company aims to maintain its leadership by delivering innovative solutions quickly [84][86]

Core Viewpoint - Wolfspeed (WOLF) has experienced significant stock declines, with a 13.8% drop since its third-quarter fiscal 2025 results and a 42.6% decline year-to-date, underperforming both the Zacks Computer and Technology sector and the Semiconductor – Discretes industry [1] Financial Performance - The company reported fiscal third-quarter revenues of $185 million, a 7.6% year-over-year decline, and fell 0.48% short of the Zacks Consensus Estimate [5] - The revenue drop was primarily due to a slowdown in the Materials segment, which generated $78 million, reflecting weakened demand from material customers [5] - Underutilization costs of $26.3 million linked to the ramp-up phase of the Mohawk Valley Fab have significantly impacted the company's gross margin [6][7] Debt Obligations - Wolfspeed faces substantial debt obligations, including a $575 million payment due next year for convertible bonds, with total debt escalating to $6.5 billion [3] - The company is negotiating a $600 million refinancing package with creditors to restructure liabilities and secure working capital [3] Financial Stability Concerns - Despite holding $1.3 billion in cash and anticipating over $600 million in tax refunds through the CHIPS Act, the company's financial stability remains uncertain [4] - Wolfspeed has issued warnings about its ability to continue as a going concern, citing challenges in refinancing and delays in expected federal funding [4] Earnings Estimates - The Zacks Consensus Estimate for fiscal 2025 revenues is $756.74 million, indicating a 6.25% decrease from the previous year [8] - The consensus estimate for the fiscal 2025 bottom line is a loss of $3.34 per share, a decline from the year-ago quarter's reported loss of $2.59 per share [8] Market Position - Wolfspeed has underperformed its competitors, with shares of SolarEdge Technologies, CommScope, and Himax Technologies gaining 32.9%, 11.2%, and 5.7%, respectively, over the same timeframe [2]