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Fiserv Shares Tumble on Revenue Miss; 2026 Targets Face Scrutiny
Fiserv shares slid nearly 10% after Q1 adjusted revenue missed estimates, with organic sales down in both Merchant and Financial Solutions. Management kept its 2026 outlook, but margin pressure and competitive headwinds raise doubts.
Western Digital Surges on AI Storage Demand, Dividend Hike
Western Digital shares rose 6% to $469.44 after fiscal Q3 revenue surged 45% to $3.34 billion, beating estimates. AI-driven cloud storage demand and a 20% dividend hike boosted sentiment.
BMO Expands AI Payments Tool to Boost Mid-Market Sales
Bank of Montreal is expanding its AI-driven payments tool to mid-market clients, leveraging Codat's technology to boost card usage and sales efficiency. A Canadian pilot is planned.
Cloudflare Stock Surges on Forrester Edge Platform Recognition Ahead of Earnings
Cloudflare shares rose 7.9% after Forrester named it a leader in edge development platforms, ahead of its May 7 earnings report.
Fastly Stock Jumps 15% on AI Cloud Optimism Ahead of Q1 Earnings
Fastly shares rose 15% to $31.66 on Tuesday, extending its 2026 rally ahead of Q1 earnings. The surge followed strong AI cloud results from DigitalOcean.
Dow Rebounds as Oil Slide Offsets Strait of Hormuz Jitters
The Dow gained 265 points as falling oil prices and strong earnings from Caterpillar, 3M, and DuPont lifted markets, despite ongoing geopolitical risks.
Lumentum Shares Surge as Analysts Boost Targets Ahead of Earnings
Lumentum shares rose 4% to $1,016 as analysts raised price targets ahead of fiscal Q3 earnings, with the stock up 1,444% over the past year.
POET Technologies Stock Surges on Securities Lawsuit Over Canceled Marvell Order
POET Technologies shares surged 30% after a securities class action was filed over disclosure of canceled Marvell purchase orders.
Sterling Infrastructure Surges on Data Center Demand, Revenue Jumps 92%
Sterling Infrastructure shares surged nearly 47% after Q1 revenue soared 92% to $825.7 million, driven by data center and semiconductor projects. The company raised its 2026 revenue forecast to up to $3.8 billion.
DigitalOcean Shares Surge 36% on Raised Revenue Forecasts Driven by AI Cloud Demand
DigitalOcean shares soared 36% after lifting its 2026 and 2027 revenue outlook, citing surging AI workload demand and larger customer deals. Q1 revenue climbed 22% to $258 million.