Pure Storage Announces First Quarter Fiscal 2026 Financial Results
Prnewswire· 2025-05-28 20:01
Q1 total revenue growth of 12% year-over-yearStorage as a Service offerings TCV sales growth of 70%SANTA CLARA, Calif., May 28, 2025 /PRNewswire/ -- Today Pure Storage (NYSE: PSTG), the IT pioneer that delivers the world's most advanced data storage technologies and services, announced financial results for its first quarter fiscal year 2026 ended May 4, 2025."Pure continues to demonstrate the superiority of our technology and strategy through our steady growth and the expansion of our products and services ...
CVS or Cigna: Which Diversified Healthcare Stock Should You Own Now?
ZACKS· 2025-05-28 20:00
CVS Health (CVS) and The Cigna Group (CI) stand as two dominant forces in the U.S. diversified healthcare sector, commanding market capitalizations of approximately $77 billion and $84 billion, respectively. Both companies have strategically integrated pharmacy benefit management, insurance coverage and care delivery into comprehensive, consumer-focused platforms designed to address the complexities of modern healthcare.As the industry faces intensifying policy challenges, rapid growth in GLP-1 therapies an ...
Should You Buy, Hold, or Sell Salesforce Stock After May 28?
ZACKS· 2025-05-28 20:00
Salesforce, Inc. (CRM) will report its first-quarter fiscal 2026 results on Wednesday after market close. Thus, let’s examine Salesforce’s projected earnings, long-term growth factors, and post-earnings stock trading strategies. Salesforce’s Q1 Earnings: What Should We Anticipate? Salesforce expects fiscal first-quarter revenues to come in at $9.74 billion, suggesting an increase of 6.6% from the year-ago quarter. Earnings per share (EPS) are projected at $2.54, indicating 4.1% growth year over year. Image ...
GameStop bought $500 million of Bitcoin
TechCrunch· 2025-05-28 19:56
GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase.The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular — plus, the company took on a new kind of notoriety when it unwittingly became the center of a short squeeze in 2021. GameStop stock remains a bit inflated from where it was before the meddling of Reddit community r/WallStreetBets, but years out from its unpredic ...
History Says Snowflake Stock Could Fly Even Higher
Forbes· 2025-05-28 19:45
Shares of Snowflake (SNOW) are moving 0.3% lower to trade at $205.77 this afternoon, but earlier touched a fresh annual high of $209.29 after its composite rating saw a lift to 96. Yesterday brought news of a partnership between the IT name and the 2028 Los Angeles Olympics, and on May 22, the stock enjoyed a post-earnings pop of 13.4%. Despite its now 33% year-to-date profit, SNOW remains significantly below its December 2020 record peak of $390. However, a flashing bull signal could mean further gains for ...
Abercrombie & Fitch: Back To Rational Valuations, But The Economy Is Weighing On It
Seeking Alpha· 2025-05-28 19:41
After a lot of fear around tariffs, Abercrombie & Fitch Co. (NYSE: ANF ) reported its fiscal Q1 '25 results, which include April (and therefore a big part of the tariff scare). The results were very positive for Hollister, andLong-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the com ...
Boston Scientific Scraps This Aortic Valve, Sticks To 2025 Outlook
Benzinga· 2025-05-28 19:40
Boston Scientific Corporation BSX is pulling the plug on its ACURATE neo2 and Prime aortic valve systems.What Happened: The medical technology giant halted global sales and abandoned regulatory pursuits—including a long-sought FDA approval—after escalating demands from health authorities rendered the effort too costly. Despite the setback, the Marlborough, Massachusetts-based company signaled confidence in its broader portfolio, affirming that it remains on track to hit its financial targets for the quarter ...
Borr Drilling: Weak Results, But It's All In The Details
Seeking Alpha· 2025-05-28 19:38
Borr Drilling Limited (NYSE: NYSE: BORR ) is an offshore drilling services company with one of the most modern jack-up rigs specializing in shallow water oil and gas exploration. The company operates globally with a focus on LatinI am a full-time investor focusing on high-quality and growth companies. One of my other major areas is stocks with high starting dividends and low valuations. I try to have a portfolio balance between dividend-paying stocks and stocks with high growth but lower dividend payouts. O ...
Stellantis pivots to Google's Android as in-car partnership with Amazon ends
TechCrunch· 2025-05-28 19:35
Core Insights - Stellantis' partnership with Amazon to develop in-car software is winding down, with Amazon staff reassigned or leaving the project [1] - Stellantis will pivot to an Android-based system while continuing to utilize Amazon Web Services as its preferred cloud provider [2] - Stellantis aims to have 34 million connected cars on the road by 2030, with a focus on generating new revenue streams beyond vehicle sales [3] Group 1 - Stellantis initially planned to generate $22.5 billion annually from software by 2024 through its partnership with Amazon [1] - The in-car software strategy included three components: STLA Brain, STLA SmartCockpit, and AutoDrive [5] - The STLA SmartCockpit was intended to deliver personalized applications and services to drivers and passengers [5][6] Group 2 - The shift to an Android-based system indicates a strategic change in Stellantis' approach to in-car technology [2][6] - Stellantis has formed partnerships with other companies like BMW, Foxconn, and Waymo to support its connected car initiative [3] - The focus on personalized services through technology was a key aspect of the collaboration with Amazon [6]
Why Box Stock Jumped Nearly 20% Today
The Motley Fool· 2025-05-28 19:28
Shares of Box (BOX 17.17%) surged as much as 19.7% higher on Wednesday, peaking around 1:30 p.m. ET. The cloud-based data storage and content management veteran reported robust first-quarter fiscal-year 2026 results on Tuesday evening. By 3:10 p.m. ET, the stock was up about 18% from the previous day's close. Foreign exchange, taxes, and shrinking earningsBox's Q1 2026 sales rose 4% year over year to $276.3 million. Adjusted earnings fell from $0.39 to $0.30 per diluted share, including a $0.01 headwind fro ...