Group 1 - Veritone, Inc. reported a quarterly loss of $0.18 per share, slightly better than the Zacks Consensus Estimate of a loss of $0.19, and the same as the loss reported a year ago [1] - The company posted revenues of $24.01 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.98%, but down from $30.99 million year-over-year [2] - Veritone shares have declined approximately 29.9% since the beginning of the year, contrasting with the S&P 500's gain of 7.9% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is -$0.12 on revenues of $28.45 million, and for the current fiscal year, it is -$0.58 on revenues of $108.01 million [7] - The Zacks Industry Rank indicates that the Technology Services sector is in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

Company Performance - Jamf Holding reported quarterly earnings of $0.18 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and up from $0.14 per share a year ago, representing an earnings surprise of +5.88% [1] - The company posted revenues of $176.5 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.67%, compared to year-ago revenues of $153.02 million [2] - Over the last four quarters, Jamf Holding has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Jamf Holding shares have declined approximately 49.2% since the beginning of the year, while the S&P 500 has gained 7.9% [3] - The current consensus EPS estimate for the coming quarter is $0.21 on revenues of $176.6 million, and for the current fiscal year, it is $0.82 on revenues of $692.58 million [7] Industry Outlook - The Technology Services industry, to which Jamf Holding belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Jamf Holding's stock performance [5]

TTEC Holdings (TTEC) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. TTEC, which belongs to the Zacks Technology Services industry, posted revenues of $513.57 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.87%. This compares to year-ago revenues of $534.09 million. The company has topped consensus rev ...

Company Performance - Owlet, Inc. reported a quarterly loss of $0.05 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.21, representing an earnings surprise of +76.19% [1] - The company posted revenues of $26.1 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 19.51% and up from $20.7 million a year ago [2] - Over the last four quarters, Owlet has surpassed consensus EPS estimates three times and topped revenue estimates two times [2] Stock Movement and Outlook - Owlet shares have increased approximately 59.6% since the beginning of the year, outperforming the S&P 500's gain of 7.9% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.24 on revenues of $23.45 million, and for the current fiscal year, it is -$1.03 on revenues of $93.02 million [7] Industry Context - The Technology Services industry, to which Owlet belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Owlet's performance [5][6]

Bit Digital, Inc. (BTBT) ended the recent trading session at $2.95, demonstrating a -14.24% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.08%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq increased by 0.35%. Prior to today's trading, shares of the company had lost 4.18% lagged the Business Services sector's loss of 3.73% and the S&P 500's gain of 1.21%.Analysts and investors alike will be keeping a ...

Gen Digital (GEN) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.67%. A quarter ago, it was expected that this security software maker would post earnings of $0.58 per share when it actually produced earnings of $0.59, delivering a surprise of +1.72%.Over the last four quarters, th ...

Core Insights - GigaCloud Technology Inc. reported quarterly earnings of $0.91 per share, significantly exceeding the Zacks Consensus Estimate of $0.46 per share, marking an earnings surprise of +97.83% [1] - The company achieved revenues of $322.61 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 11.17% and showing an increase from $310.87 million year-over-year [2] - GigaCloud Technology has outperformed the S&P 500, with its shares rising approximately 18.3% since the beginning of the year compared to the S&P 500's gain of 7.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $298 million, while for the current fiscal year, the estimate is $2.79 on revenues of $1.16 billion [7] - The estimate revisions trend for GigaCloud Technology was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Technology Services industry, to which GigaCloud Technology belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable environment for stocks in this sector [8] - Another company in the same industry, Bit Digital, Inc., is expected to report a quarterly loss of $0.03 per share, reflecting a significant year-over-year decline [9]

Financial Data and Key Metrics Changes - The first quarter consolidated net sales increased by 19% to $637.3 million, driven by strong performance in both product and service segments [14] - Gross billings reached a record high of $953 million, indicating robust growth [13] - Consolidated gross profit rose by 16.8% to $148.2 million, although gross margin decreased to 23.3% from 23.7% in the previous year [15][16] - Net earnings from continuing operations amounted to $27.1 million, or $1.03 per diluted share, compared to $24.2 million, or $0.90 per diluted share in the prior year [18] Business Line Data and Key Metrics Changes - Product sales grew by 13.9% to $521 million, driven by demand for data center, cloud, and security offerings [14] - Service sales surged by 49% year over year, bolstered by the acquisition of Bailiwick and increased demand for managed services [15][9] - Security products and services saw a significant increase of 24.4% year over year, now representing 22.8% of gross billings [8][14] Market Data and Key Metrics Changes - Telecom, media, and entertainment, along with SLED, are the two largest end markets, accounting for 25% and 16% of net sales, respectively [15] - Healthcare, technology, and financial services contributed 14% and 13% to net sales, with the remaining 24% from other verticals [15] Company Strategy and Development Direction - The company has transitioned to a pure play technology services provider following the sale of its domestic finance business, positioning itself for long-term growth [4][11] - The strategy focuses on delivering integrated service-rich solutions with an emphasis on AI, security, data center, cloud, and networking [4][12] - The company initiated its first quarterly dividend of $0.25 per share and announced a new stock buyback program, reflecting confidence in its financial stability [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong start to fiscal 2026, with double-digit growth across key metrics and a solid pipeline for future growth [22][24] - The company is adjusting its fiscal 2026 guidance upwards, expecting net sales and gross profit growth in the upper single-digit range, and adjusted EBITDA growth in the mid-teens [23][24] - Management highlighted the transformative impact of AI on demand and the company's readiness to capitalize on this trend [10][40] Other Important Information - The company closed the quarter with a record cash position of $480 million, providing flexibility for growth initiatives and shareholder returns [11][19] - The effective tax rate decreased to 26.3% from 27.1% in the prior year [18] Q&A Session Summary Question: Can you elaborate on the drivers behind the increase in adjusted EBITDA growth guidance? - Management noted solid performance across various metrics, with double-digit growth in net sales and services, particularly in security and AI-related areas [28][30] Question: Are large enterprise customers back to normal spending levels? - Management indicated that while there was a nice quarter with enterprise customers, the spending is still project-based and may not be a consistent trend throughout the year [32] Question: Why was now the right time to divest the financing business? - Management explained that the divestiture was a strategic move to simplify the business model and focus on technology services, capitalizing on market trends in AI and cybersecurity [38][39] Question: Are there areas of investment needed to bolster AI service offerings? - Management acknowledged the need to enhance consultative services related to AI and indicated readiness to explore both organic and inorganic growth opportunities in this area [40][42]

Core Viewpoint - AppLovin has demonstrated significant growth and strong performance in Q2, leading to a notable increase in stock price and investor interest [1][2]. Financial Performance - Q2 sales increased by 16% year over year to $1.25 billion, surpassing estimates of $1.21 billion by 4% [2]. - Q2 earnings per share (EPS) rose 154% from $0.89 to $2.26, exceeding EPS expectations of $1.99 by 13% [3]. - AppLovin has achieved over $1 billion in sales for six consecutive quarters [2]. Future Guidance - For Q3, AppLovin expects sales between $1.32 billion and $1.34 billion, above the Zacks Consensus of $1.31 billion, indicating a 9% growth [4]. - The company forecasts Q3 adjusted EBITDA at $1.07 billion to $1.09 billion, maintaining an 81% margin [4]. Market Position and Valuation - AppLovin's stock has surged nearly 1000% over the last three years, with a recent spike of +16% in trading [1]. - The stock currently trades at 46.5X forward earnings, compared to the S&P 500's 24.2X and the industry average of 21X [9]. - In terms of price-to-forward-sales, AppLovin trades at a high premium of 24.8X against the S&P 500's 5.4X and the industry average of 2.1X [9]. Technical Analysis - AppLovin's stock has recently surpassed its 50-day simple moving average (SMA) of $365, indicating short-term strength [8]. - The stock remains above its 200-day SMA of $331, which may present a buying opportunity for investors [8]. Investment Outlook - AppLovin holds a Zacks Rank 3 (Hold), suggesting potential for continued growth, but future upside may depend on positive earnings estimate revisions following the favorable Q2 report [13].

Core Insights - Leidos recognized several companies for their excellence in technology, collaboration, partnership, and innovation at the 8th Leidos Supplier Innovation & Technology Symposium [1][2] Group 1: Award Winners - Amazon Web Services was named Innovation Partner of the Year for consistently providing new ideas and solutions that enhance customer efficiency [2] - Ask Sage received the Emerging Technology Partner of the Year award for outstanding product design and engineering in cutting-edge technology [3] - Carahsoft was awarded Channel Partner of the Year for facilitating efficient market entry and demonstrating a collaborative relationship with Leidos [3] - Moveworks was recognized as Alliance Partner of the Year for supporting customer success through long-term relationships [4] - Sterling was named Small Business Channel Partner of the Year for helping Leidos with innovative solutions that resulted in savings and increased performance [4] Group 2: Individual Recognitions - Doug Huber from Hewlett Packard Enterprise was awarded OEM Account Manager of the Year for excellent service and fostering partnerships [5] - John Peters from CDW-G received the Channel Partner Account Manager of the Year award for his contributions to collaborative partnerships [5] Group 3: Company Overview - Leidos is headquartered in Reston, Virginia, and serves government and commercial customers with digital and mission innovations [6] - The company reported annual revenues of approximately $16.7 billion for the fiscal year ending January 3, 2025, and employs around 47,000 globally [6]