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Fri: Bank stocks decline but TASE still higher
En.Globes.Co.Il· 2026-02-22 07:53
Market Performance - The Tel Aviv Stock Exchange experienced an overall increase, with the Tel Aviv 35 Index rising by 0.52% to 4,232.11 points, the Tel Aviv 125 Index increasing by 0.71% to 4,202.67 points, and the BlueTech Global Index up by 0.75% to 678.20 points [1] - The All Bond corporate bond index saw a slight increase of 0.09% to 424.57 points, with total turnover in equities reaching NIS 5.03 billion and NIS 1.44 billion in bonds [1] Currency Exchange Rates - The shekel-dollar exchange rate was set 0.415% lower at NIS 3.123/$, while the shekel-euro rate decreased by 0.488% to NIS 3.674/€ [2] Notable Stock Movements - Bank Leumi led the market decline, falling by 1.63%, followed by Bank Hapoalim down 0.94%, Mizrahi Tefahot Bank down 1.45%, and Israel Discount Bank down 0.25% [2] - OPC Energy recorded the largest drop on the Tel Aviv 35 Index, decreasing by 2.28% [2] - Next Vision achieved the largest increase on the Tel Aviv 35 Index, rising by 6.04%, while Enlight Renewable Energy rose by 1.09%, Elbit Systems by 3.20%, Nice by 5.41%, and Teva Pharmaceutical Industries by 0.85% [3] - Outside the Tel Aviv 35 Index, Israel Canada rose by 7% and Acro Real Estate increased by 4.89% following their merger [3]
Hezbollah Prepares Missile Response as IRGC Takes Operational Control Amid Iran Strike Fears
Stock Market News· 2026-02-21 19:08
Group 1: Regional Conflict Dynamics - The Middle East is on the brink of a broader conflict as Hezbollah prepares its missile arsenal for a potential retaliatory strike against Israel, following a breakdown in diplomatic efforts and a U.S. ultimatum to Iran [2][9] - Reports indicate that IRGC officers have taken control of Hezbollah's operations, overseeing the reconstruction of missile units to ensure a unified response to threats against Iran [3][9] - Israeli airstrikes in Lebanon have intensified, targeting Hezbollah's missile array and resulting in the deaths of several high-ranking operatives, indicating a collapse of the 2024 ceasefire agreement [5][9] Group 2: Market Reactions - Financial markets have reacted to the escalating tensions, with Brent Crude futures rising over 2.4% and warnings that conflict in the Strait of Hormuz could push prices toward $120 per barrel [4] - The CBOE Volatility Index (VIX) has spiked to 24.5, reflecting increased market volatility, while safe-haven assets like Gold have seen a surge in demand as investors seek protection from potential disruptions [6][9] - Asian markets, including the Nikkei 225, have dropped over 1.2% as investors adopt a "risk-off" posture amid rising geopolitical risks [9]
INVESTOR NOTICE: Kyndryl Holdings, Inc. (KD) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Businesswire· 2026-02-21 18:35
Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to allegations of financial misstatements and inadequate internal controls, leading to significant investor losses during the specified class period [1] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Brander v. Kyndryl Holdings, Inc., and it charges Kyndryl and certain executives with violations of the Securities Exchange Act of 1934 [1] - Investors who purchased Kyndryl securities between August 7, 2024, and February 9, 2026, can seek appointment as lead plaintiff until April 13, 2026 [1] - Allegations include that Kyndryl's financial statements were materially misstated and that the company lacked adequate internal controls [1] Group 2: Financial Reporting Issues - Kyndryl announced it would be unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, due to internal control issues [1] - The company anticipates reporting material weaknesses in its internal control over financial reporting for the fiscal year ended March 31, 2025, and the first two quarters of fiscal year 2026 [1] - Kyndryl's stock price fell by 55% following the announcement of these issues [1] Group 3: Executive Departures - The lawsuit notes the immediate departure of key executives, including the Chief Financial Officer and General Counsel, which may indicate deeper issues within the company's management [1] - Vineet Khurana also stepped down from his position as Senior Vice President and Global Controller, further highlighting instability in Kyndryl's leadership [1]
AIxCrypto Enters Strategic Partnership with Pinnacle Real Estate Group to Explore Core RWA Ecosystem Integration
Prnewswire· 2026-02-20 18:17
Partnering with a Leading Southern California Real Estate Group to Establish a Web2–Web3 Deployment Framework for Real-World Assets LOS ANGELES, Feb. 20, 2026 /PRNewswire/ -- AIxCrypto Holdings, Inc. (Nasdaq: AIXC) ("AIxC" or the "Company"), a technology company focused on Embodied AI (EAI) infrastructure, today announced the signing of a strategic partnership agreement with Pinnacle Real Estate Group ("Pinnacle"), a prominent Southern California-based real estate organization. This collaboration marks a cr ...
Akamai Technologies, Inseego, Ardelyx And Other Big Stocks Moving Lower In Friday's Pre-Market Session - Akamai Technologies (NASDAQ:AKAM), Ardelyx (NASDAQ:ARDX)
Benzinga· 2026-02-20 13:03
U.S. stock futures were mixed this morning, with the Dow futures falling around 0.1% on Friday.Akamai Techs reported quarterly earnings of $1.84 per share which beat the analyst consensus estimate of $1.75 per share. The company reported quarterly sales of $1.095 billion which beat the analyst consensus estimate of $1.076 billion.Akamai Technologies shares dipped 8.8% to $99.94 in pre-market trading.Here are some other stocks moving lower in pre-market trading.Photo via Shutterstock ...
EPAM Systems, Inc. (NYSE:EPAM) Faces Challenges Despite Strong Performance
Financial Modeling Prep· 2026-02-20 08:03
Core Viewpoint - EPAM Systems, Inc. is a global provider of digital platform engineering and software development services, with a price target set by Goldman Sachs at $235, indicating a potential increase of approximately 68.87% from its current price of $139.16 [1][6] Financial Performance - EPAM's Q4 2025 performance showed a 13% increase in sales and a 15% rise in non-GAAP earnings, with GAAP earnings at $1.98 per share, which is 39% less than non-GAAP earnings, representing a 10% year-over-year increase [3] - For the full year, EPAM's sales rose by 15% to $5.5 billion, while non-GAAP profits increased by 6%, but GAAP profits fell by 14% to $6.72 per share [3] Stock Performance - Despite surpassing Q4 2025 sales and earnings expectations, EPAM's stock experienced a significant decline of 18.4% [2][6] - The stock has fluctuated between a low of $129 and a high of $140.11 on a recent trading day, with a market capitalization of approximately $7.69 billion and a trading volume of 5,417,531 shares [5] Strategic Focus - The company's CEO emphasized a focus on scaling and accelerating AI-native revenues, aligning with the growing demand for AI enhancements in business systems [4][6] - Some investors view the recent stock decline as a potential buying opportunity, given the company's strong performance and future prospects [4]
EPAM Systems, Inc. (NYSE:EPAM) Financial Performance Review
Financial Modeling Prep· 2026-02-19 17:00
Core Insights - EPAM Systems, Inc. is a prominent global provider of digital platform engineering and software development services, focusing on innovation and strategic partnerships to maintain a competitive edge in the technology services sector [1] Financial Performance - For Q4 2025, EPAM reported an EPS of $1.98, which was below the expected $3.16, while revenue reached approximately $1.41 billion, exceeding the forecast of $1.39 billion, marking a 12.8% increase from the previous year [2][6] - The GAAP income from operations for Q4 2025 was 10.6% of revenues, with Non-GAAP income from operations at 16.3% [3][6] - For the full year 2025, EPAM's revenues totaled $5.457 billion, reflecting a 15.4% year-over-year growth, with GAAP income from operations at 9.5% of revenues and Non-GAAP income at 15.2% [4][6] Operational Metrics - The GAAP diluted EPS for 2025 decreased by 14.3% to $6.72, while Non-GAAP diluted EPS increased by 5.9% to $11.50, indicating operational efficiency despite the EPS shortfall [4] - The company's financial metrics include a P/E ratio of approximately 24.39, a price-to-sales ratio of about 1.70, and an enterprise value to sales ratio of approximately 1.49 [5] Financial Stability - EPAM's low debt-to-equity ratio of about 0.039 and a current ratio of approximately 2.59 highlight a strong financial position, indicating resilience and potential for sustained growth [5]
Is ESCO Technologies (ESE) Outperforming Other Business Services Stocks This Year?
ZACKS· 2026-02-19 15:41
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Esco Technologies (ESE) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Esco Technologies is one of 237 companies in the Business Services group. The Business Services group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from ...
KD INVESTOR DEADLINE: Kyndryl Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the Class Action Lawsuit
Prnewswire· 2026-02-19 14:20
Core Viewpoint - Kyndryl Holdings, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading financial statements and inadequate internal controls during the specified class period from August 7, 2024, to February 9, 2026 [1][3]. Company Overview - Kyndryl operates as a technology services company and IT infrastructure services provider [2]. Allegations of the Lawsuit - The lawsuit alleges that Kyndryl's financial statements during the class period were materially misstated [3]. - It is claimed that Kyndryl lacked adequate internal controls and failed to disclose issues related to these controls [3]. - Kyndryl is accused of being unable to timely file its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025 [3]. Recent Developments - On February 9, 2026, Kyndryl filed a Notification of Late Filing, indicating it could not file its Quarterly Report on time [4]. - The company disclosed that it is reviewing its cash management practices and internal controls following requests from the SEC [4]. - Kyndryl anticipates reporting material weaknesses in its internal control over financial reporting for the relevant periods [4]. - Key executives, including the Chief Financial Officer and General Counsel, have departed from the company [4]. - Following these announcements, Kyndryl's stock price fell by 55% [4]. Legal Process - Investors who purchased Kyndryl securities during the class period can seek appointment as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff will represent the interests of all class members and can select a law firm for litigation [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [6].
N-able (NABL) Q4 Earnings Miss Estimates
ZACKS· 2026-02-19 14:16
N-able (NABL) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.1 per share. This compares to earnings of $0.1 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36.84%. A quarter ago, it was expected that this provider of cloud-based software services would post earnings of $0.09 per share when it actually produced earnings of $0.13, delivering a surprise of +44.44%.Over the last fo ...