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X @Bloomberg
Bloomberg· 2025-07-10 21:08
Robinhood’s crypto operations are the subject of an investigation in Florida, accusing the popular fintech platform of using deceptive practices to mislead consumers about costs https://t.co/7RJwOdcuO6 ...
X @Bloomberg
Bloomberg· 2025-07-10 21:07
Robinhood’s crypto operations are the subject of an investigation in Florida, accusing the popular fintech platform of using deceptive practices to mislead consumers about costs https://t.co/MzqN9xOgM3 ...
FTNT's Subscription-Based Services Gain Steam: A Sign of More Upside?
ZACKS· 2025-07-10 16:16
Core Insights - Fortinet's transition to a subscription-driven business model is driving significant growth in recurring service revenues, with service revenues increasing by 14% year-over-year to $1.08 billion in Q1 2025, representing 70% of total revenues [1][11] - The Unified SASE strategy has reported recurring revenues of $1.15 billion, up 25.7% year-over-year, while Security Operations' recurring revenues surged 30.3% year-over-year to $434.5 million [1][11] - Fortinet is aggressively investing in its SASE and SSE offerings to expand subscription-based revenue streams, with notable traction in large-scale enterprise deals [3] Revenue Growth - Multi-year contracts for services such as FortiGuard, FortiCare, FortiCloud, Unified SASE, and Security Operations are driving revenue growth [2] - The company expects service revenues to reach approximately $4.6 billion in 2025, indicating a year-over-year growth of 13.4% [5] Market Position and Competition - Fortinet faces stiff competition in the enterprise security market from companies like Palo Alto Networks and Zscaler [6] - Palo Alto Networks is expected to deliver recurring revenues between $5.52 billion and $5.57 billion for fiscal 2025, while Zscaler has a customer base of over 8,650 organizations [7][8] Pricing and Future Outlook - Fortinet's scalable, per-user pricing model with multi-year discounts is expected to enhance future recurring revenues [4] - Unified SASE and Security Operations are projected to experience a compound annual growth rate (CAGR) of 24% through 2026 [4][11] Stock Performance and Valuation - Fortinet's shares have risen 13.9% year-to-date, underperforming the Zacks Security industry's growth of 27.1% [9] - The stock is currently trading at a Price/Book ratio of 41.98X, compared to the industry's 25.76X, indicating a lower valuation score [14]
SEI to Announce Second-Quarter 2025 Earnings on Wednesday, July 23, 2025
Prnewswire· 2025-07-09 13:00
Public Invited to Monitor Conference Call at 5 p.m. Eastern TimeOAKS, Pa., July 9, 2025 /PRNewswire/ -- SEI® (NASDAQ: SEIC) intends to release earnings for the second quarter 2025 on Wednesday, July 23, 2025, after the market closes. The company will hold a conference call to discuss these financial results beginning at 5 p.m. Eastern time.Analysts and investors are invited to join the call by completing the registration form. The public is invited to listen to the call and replay at ir.seic.com/events-pres ...
Zscaler's Product Expansions Drive Sales: Are Margins at Risk?
ZACKS· 2025-07-04 14:11
Key Takeaways ZS Q3 revenues rose 23% to $678M, but gross margin fell 110 basis points to 80.3% year over year. New modules and Z-Flex deals boost ARR but bundle lower-margin offerings, affecting near-term profits. ZS still hit Rule of 52 with 24% revenue growth and 28% free cash flow margin for year-to-date FY25.Zscaler (ZS) reported strong results for its third quarter of fiscal 2025. The company’s revenues rose 23% year over year to $678 million. But one area to watch closely is non-GAAP gross margins. ...
AMN Healthcare Sells Smart Square Scheduling Technology to symplr, Creates Commercial Partnership to Deliver Comprehensive Healthcare Workforce Solutions
Globenewswire· 2025-07-02 12:30
Strategic Partnership Fosters Integration, Innovation in Healthcare Workforce Planning & ManagementDALLAS, July 02, 2025 (GLOBE NEWSWIRE) -- AMN Healthcare (NYSE: AMN), the leader in total healthcare talent solutions, today announced the sale of its Smart Square® scheduling software to symplr®, a leader in enterprise healthcare operations software. In addition to the acquisition, symplr and AMN have entered into a commercial partnership that ensures customers get the best of both worlds: symplr’s excellence ...
symplr Acquires AMN Healthcare's Smart Square Scheduling Software, Enhancing AI-Driven Workforce Optimization for Health Systems
Prnewswire· 2025-07-02 12:30
Strengthening symplr's commitment to helping providers optimize staffing, operations, and outcomes HOUSTON, July 2, 2025 /PRNewswire/ -- symplr®, a leading provider of enterprise healthcare operations software backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and Charlesbank Capital Partners LLC (together with its affiliates, "Charlesbank"), has acquired the Smart Square® scheduling software from AMN Healthcare (NYSE: AMN).This strategic acquisition strengthens symplr's pos ...
X @aixbt
aixbt· 2025-07-01 16:15
infrastructure shift.robinhood running core stock operations on arbitrum now.circle gateway unifying usdc across chains, sony building L2, caldera metalayer connecting 100+ rollups for 10m users. ...
Kinder Morgan (KMI) Earnings Call Presentation
2025-07-01 10:32
Financial Performance and Guidance - The company's 2021 budgeted Adjusted EBITDA is $6.8 billion, a decrease of approximately 2% compared to the 2020 forecast, reflecting headwinds from lower re-contracting rates and crude volumes[15] - 2021 Distributable Cash Flow (DCF) is budgeted at $4.4 billion, down approximately 3% from the 2020 forecast, also impacted by higher anticipated sustaining capex[15] - Net income for 2021 is projected to be greater than $2.1 billion, an increase primarily due to asset and goodwill impairments taken during 2020[15] - The company has a $2 billion share buyback program, with $575 million already purchased since December 2017[13] - The company maintains a current dividend yield of over 7%, with a Q3 2020 annualized dividend of $1.05 per share[14] Business Overview and Strategy - The company moves approximately 40% of U S natural gas consumption and exports[9] - Approximately 74% of the company's earnings are from take-or-pay or hedged contracts, providing stable cash flows[37, 48] - The company has commercially-secured capital projects underway totaling $2.6 billion as of September 30, 2020[23] - The company's business mix includes 62% natural gas, 15% products, 14% terminals, 6% CO2, and 3% oil & gas production[11] Market and Industry Trends - U S natural gas demand is expected to grow, with over 85% of the forecasted demand growth driven by Texas and Louisiana[18] - Global biofuels demand is expected to increase by approximately 146% from 2019 to 2040[46]
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
Prnewswire· 2025-07-01 10:30
FISCAL 2025 Q3 HIGHLIGHTS Net sales of $971.1 million decreased 0.8% YoY Operating income of $82.7 million, or $87.2 million on an adjusted basis1 Operating margin of 8.5%, or 9.0% on an adjusted basis1 Diluted EPS of $1.02 vs. $1.27 in the prior fiscal year quarter Adjusted diluted EPS of $1.08 vs. $1.33 in the prior fiscal year quarter1MELVILLE, N.Y. and DAVIDSON, N.C., July 1, 2025 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a lead ...