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Axon Sees Strategic Opening as Flock Privacy Shift Reshapes Plate-Reader Market
Flock Safety's privacy overhaul opens a competitive window for Axon in license-plate cameras, but the near-term revenue impact is modest. The real prize lies in software attachment.
Ruger in Spotlight as NFA Appeal Speculation Drives Surge in Online Searches
A surge in online searches for a possible DOJ appeal in the NFA suppressor case has put Sturm, Ruger (RGR) in focus, with potential implications for suppressor and SBR sales.
Applied Materials Q4 Revenue Forecast Beats Estimates, Stock Falls
Applied Materials issued a Q4 revenue outlook that beat Wall Street estimates, yet shares fell nearly 3% after hours as investors weighed whether AI-driven growth is already priced in.
YETI Stock Tumbles 12% on Soft Drinkware Sales Despite Earnings Beat
YETI shares dropped 12% despite an EPS beat, as soft drinkware sales tied to three trend-driven products erased $455 million in market value.
DEFSEC Soars 86% on Revenue Surge, But Dilution and Cash Burn Loom
DEFSEC Technologies (DFSC) jumped 86% on Q3 revenue growth of 92%, but the stock closed below its June financing price, with dilution and cash burn concerns lingering.
Salesforce Gains 2% as JPMorgan Sets $250 Target, Citing AI Growth
Salesforce (CRM) climbed almost 2% after JPMorgan initiated coverage with Overweight and a $250 target, suggesting a 29% gain and a potential $46 billion valuation increase.
REITs Rally as Yields Slide; AVB Leads Sector Gains
U.S. REITs outperformed on Thursday as July PPI cooled, pushing the 10-year yield to 4.645%. AvalonBay (AVB) advanced 2.5%.
StubHub Stock Tumbles 12% on World Cup Costs, Weak H2 Outlook
StubHub shares dropped 12.3% as World Cup-related costs offset revenue growth, with adjusted EBITDA guidance for H2 set at $222M-$242M.
Workday Soars 20% on Silver Lake Takeover Talks; Market Value Jumps $8.6B
Workday shares jumped 20% after Reuters reported Silver Lake is in talks to acquire the enterprise-software maker, adding $8.6B to its market value.
ADT Stock Wavers as Outage Queries Spike 200%, Recurring Revenue Holds at $360M
ADT shares slipped as 'ADT down' searches tripled, but no systemwide outage was confirmed. The company's recurring monthly revenue remains solid at $360M.
PG&E Stock Lags Market After Bay Area Quake; Earnings Beat
PG&E (PCG) shares dipped 1.67% on Thursday, lagging the S&P 500 by 2.2 points after a Bay Area earthquake, though no damage was reported. Q2 earnings beat estimates, but revenue missed, and analysts remain bullish.
Nasdaq Nears Record as Tech Rally Gains Momentum
The Nasdaq Composite rose 0.89% to 26,824.18, remaining about 1.35% below its June intraday high. Falling Treasury yields and softer oil prices fueled tech gains, with semiconductors leading the way.