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Bull of the Day: Limbach (LMB)
ZACKS· 2025-06-25 11:11
Key Takeaways Building systems solutions firm Limbach crushed the Q1 2025 earnings consensus by 273%. It is expected to grow its high margin ODR revenue between 23% and 46% this year. Shares of Limbach are up 66% year-to-date to new all-time highs.Limbach Holdings, Inc. (LMB) remains a Zacks #1 Rank (Strong Buy) stock after a huge triple digit earnings beat in the first quarter of 2025. Earnings are expected to grow doubled digits this year.Limbach is a building systems solutions firm that partners with b ...
HyOrc Appoints Andrea Magalini to Board, Achieves Key ISO Certification
Globenewswire· 2025-06-25 10:44
Core Insights - HyOrc Corporation has appointed Andrea Magalini as a Non-Executive Director, bringing extensive experience in OEM leadership and industrial product commercialization [1][2] - The company is entering its commercialization phase, with a focus on scaling clean technologies and forming industrial partnerships [2][3] - HyOrc's R&D and manufacturing operations have achieved certifications under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2015, affirming its commitment to operational excellence and environmental stewardship [3][6] Company Developments - The appointment of Andrea Magalini is seen as a significant step for HyOrc as it prepares for manufacturing ramp-up and global deployment [2][3] - HyOrc has filed a PCT application for its vertical combustor, expanding its global intellectual property coverage for its hydrogen engine platform [4] - The company aims to decarbonize hard-to-abate sectors without relying on subsidies, supported by a growing patent portfolio and ISO-certified operations [7] Operational Milestones - HyOrc's certifications represent a critical milestone, enhancing its appeal to strategic customers, EPC partners, and institutional investors [3] - The company has 728.19 million shares issued and outstanding, with 26.30 million shares at DTC [7]
Top Wall Street Forecasters Revamp AeroVironment Expectations Ahead Of Q4 Earnings
Benzinga· 2025-06-24 11:37
AeroVironment, Inc. AVAV will release earnings results for the fourth quarter, after the closing bell on Tuesday, June 24.Analysts expect the Arlington, Virginia-based company to report quarterly earnings at $1.42 per share on revenue of $242.69 million, according to data from Benzinga Pro.On June 18, AeroVironment and UAS Denmark announced a strategic partnership to advance allied UAS capabilities in Europe.AeroVironment shares gained 0.8% to close at $191.23 on Monday.Benzinga readers can access the lates ...
Parsons Corporation is Ready Now to Build America's Brand New, State Of-The-Art Air Traffic Control System
Globenewswire· 2025-06-24 11:30
Core Viewpoint - The collaboration between Parsons Corporation and IBM aims to modernize the Federal Aviation Administration's National Airspace System, responding to government calls for innovation and efficiency in air traffic control systems [1][2][3]. Group 1: Company Collaboration - Parsons Corporation will act as the prime contractor, providing unified leadership and full program responsibility for the air traffic control system overhaul [1][3]. - IBM brings extensive experience in federal government systems integration, enhancing the collaboration's capability to modernize the National Airspace System [4]. Group 2: Industry Impact - The modernization of the National Airspace System is crucial for ensuring a safe, efficient, and reliable U.S. aviation system, which supports travel, economic prosperity, and national security [2]. - The partnership combines nearly 200 years of experience in complex program management and systems integration, positioning it to deliver a state-of-the-art air traffic control system [3]. Group 3: Company Expertise - Parsons has nearly 50 years of experience as the FAA's infrastructure partner, managing projects across over 450 airports in 40 countries [3]. - IBM has a long history of serving the U.S. federal government, providing technology and expertise to improve government efficiency and service delivery [4].
Will Micron (MU) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2025-06-23 17:11
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Micron (MU) , which belongs to the Zacks Computer - Integrated Systems industry.This chipmaker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.69%.For the most recent quarter, Micron was expected to post earnings of $1.43 per share, but it reported ...
RTX's Arm Secures $300M Contract for ESSM Block II Missile Assemblies
ZACKS· 2025-06-20 15:16
Core Insights - RTX Corporation's Raytheon unit secured a $299.7 million contract for the Evolved Seasparrow Missile (ESSM), which includes providing test equipment and spares, as well as options for guided missile assemblies [1][9]. Group 1: Contract Details - The contract will be executed globally in multiple locations, including the United States, Australia, Canada, Norway, and the Netherlands, and is projected to be completed by September 2030 [2]. - The award was provided by the Naval Sea Systems Command, Washington, D.C. [2]. Group 2: Market Dynamics - Global defense spending is increasing, particularly in advanced military arms and missile systems, benefiting RTX as a prominent missile manufacturer [3]. - The ESSM Block II is a combat-proven naval defense system with over 330 successful live sea firings, enhancing fleet protection against various threats [4]. Group 3: Growth Prospects - Rising military conflicts and national security concerns are driving nations to focus on missile defense systems, with a forecasted compound annual growth rate of 5% for the global missiles and missile defense systems market from 2025 to 2030 [5]. - RTX has a portfolio of combat-proven missiles, including the TOW missile and Tomahawk, positioning it well for growth in this expanding market [6]. Group 4: Competitor Insights - Other defense companies like Northrop Grumman, Boeing, and Lockheed Martin are also positioned to benefit from the growing missile systems market, with varying long-term earnings growth rates and sales projections [7][10][11]. Group 5: Stock Performance - RTX shares have increased by 25.1% over the past six months, outperforming the industry average growth of 15.5% [12].
IonQ Stock Trades Higher Than Industry at 92.64X P/S: Still a Buy?
ZACKS· 2025-06-18 15:56
Core Insights - IonQ, Inc. has experienced a significant stock rally, driven by strategic wins and advancements in quantum networking, but its high valuation raises concerns among investors [1][2][7] - The company has reported a revenue of $7.57 million in Q1 2025, which appears disconnected from its current valuation of 92.64x forward price-to-sales [2][20] - IonQ's stock has gained 62.3% over the past three months, outperforming industry and sector averages, indicating growing investor confidence [3][4] Valuation and Financial Performance - IonQ's stock trades at a valuation significantly above the industry average, reflecting investor bets on future growth rather than current earnings [7][20] - The stock is currently 30.5% below its 52-week high of $54.74, but 511.6% above its 52-week low of $6.22, highlighting rapid market pricing of future potential [4][20] - Analysts have shown improved optimism, with the consensus estimate for 2025 losses narrowing from 83 cents to 47 cents per share over the past 60 days [21][22] Strategic Developments - IonQ secured a $22 million sale of its Forte Enterprise system, marking a significant commercial deployment that demonstrates real-world application potential [10] - The company has expanded its global footprint with MOUs in Japan and South Korea and acquired ID Quantique to enhance its quantum networking capabilities [11] - Recent acquisitions of Lightsynq and Capella are expected to advance IonQ's position in quantum communications and secure government contracts [12] Government and Academic Engagements - IonQ's selection by DARPA for the Quantum Benchmarking Initiative enhances its credibility with the U.S. government [13] - The company is focusing on internal R&D, including innovations in quantum-enhanced machine learning and cloud-based access, appealing to both academic and commercial sectors [14] Financial Resilience - IonQ possesses a $700 million cash reserve, providing a strategic advantage to absorb losses while pursuing growth initiatives [15] - The company is not reliant on immediate capital raises, allowing for flexibility in executing its aggressive roadmap [15] Competitive Landscape - The quantum computing industry is highly competitive, with major players like IBM, Google, and Microsoft investing heavily, alongside newer entrants like Amazon and Baidu [18] - IonQ faces competition from Quantinuum, Rigetti, and D-Wave, each with unique technological focuses and market strategies [19]
Iteris Selected to Support Intelligent Transportation Systems Project in Dubai
GlobeNewswire News Room· 2025-06-17 19:59
AUSTIN, Texas, June 17, 2025 (GLOBE NEWSWIRE) -- Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management and part of Almaviva Group, today announced Dubai Road and Transport Authority (RTA) has selected Iteris’ ClearGuide® software to monitor the city’s roadways and intersections. The 42-month, multimillion-dollar software-as-a-service contract will bring ClearGuide to the most populous city in the United Arab Emirates and one of the fastest-growing cities in the ...
RTX's Unit Secures a Contract to Aid Standard Missile-6 Program
ZACKS· 2025-06-17 13:16
Key Takeaways Raytheon secured an $18.3M contract for full-rate SM-6 Tactical All-Up Round production. The SM-6 defends against diverse threats and supports 60 naval ships, with 500 units delivered. Work under the contract will occur in Tucson and East Camden, with completion set for May 2029.RTX Corporation’s (RTX) unit, Raytheon, recently secured a $18.3 million modification contract for exercising an option for the manufacturing, assembly, testing and delivery of Standard Missile-6 (SM-6) Tactical All- ...
LogicMark, Inc. Appoints Jeffrey Durkin as Senior Vice President of Sales to Drive Strategic Growth in the Care Economy and Personal Safety Markets
Globenewswire· 2025-06-17 13:00
LOUISVILLE, Ky, June 17, 2025 (GLOBE NEWSWIRE) -- LogicMark, Inc. (the "Company"), a provider of personal emergency response systems (PERS), health communication devices, and technology for the growing safety and care economy, announced the appointment of Jeffrey Durkin, as Senior Vice President of Sales effective June 23, 2025. Mr. Durkin previously held sales and marketing roles with InfoMC, Casenet, InstaMed, HMS, and Allscripts. He holds a Master of Business Administration from Anna Maria College and a ...