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Costco
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https://www.cnbc.com/video/2025/09/26/why-jim-cramer-says-costco-is-one-of-the-best-performers-of-all-time.html?&qsearchterm=Costco
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Why Jim Cramer says 'Costco is one of the best performers of all time'
| 2025-09-26T00:00:00 |
Why Jim Cramer says 'Costco is one of the best performers of all time'
CNBC's Jim Cramer discusses what he think of Costco's business, stock price and outlook.
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Costco
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https://www.cnbc.com/video/2025/09/30/lightning-round-you-want-to-pull-the-trigger-on-costco-not-sprouts-says-jim-cramer.html?&qsearchterm=Costco
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Lightning Round: You want to pull the trigger on Costco, not Sprouts, says Jim Cramer
| 2025-09-30T00:00:00 |
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Lightning Round: You want to pull the trigger on Costco, not Sprouts, says Jim Cramer
'Mad Money' host Jim Cramer weighs in on stocks including: Sprouts Farmers Market, Arista Networks, Applied Digital, and Ramaco Resources.
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Costco
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https://www.cnbc.com/video/2025/09/25/costco-beats-earnings-revenue-estimates.html?&qsearchterm=Costco
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Costco beats earnings, revenue estimates
| 2025-09-25T00:00:00 |
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Costco
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https://www.cnbc.com/video/2025/09/25/bellinger-costcos-consumer-is-fine-but-elevated-expenses-are-pressuring-margins.html?&qsearchterm=Costco
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Bellinger: Costco’s consumer is fine, but elevated expenses are pressuring margins.
| 2025-09-25T00:00:00 |
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Bellinger: Costco’s consumer is fine, but elevated expenses are pressuring margins.
David Bellinger, Senior Analyst at Mizuho Securities, says Costco faces margin pressure despite strong sales and membership. He remains neutral on the stock, favoring Walmart for e-commerce growth.
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AbbVie
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https://www.cnbc.com/video/2025/09/17/calls-of-the-day-netflix-disney-walmart-and-abbvie.html?&qsearchterm=AbbVie
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Calls of the Day: Netflix, Disney, Walmart and AbbVie
| 2025-09-17T00:00:00 |
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Calls of the Day: Netflix, Disney, Walmart and AbbVie
The Investment Committee debate the latest Calls of the Day.
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AbbVie
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https://www.cnbc.com/video/2025/09/08/calls-of-the-day-abbvie-vertex-veeva-and-vistra.html?&qsearchterm=AbbVie
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Calls of the Day: Abbvie, Vertex, Veeva and Vistra
| 2025-09-08T00:00:00 |
In this video
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Calls of the Day: Abbvie, Vertex, Veeva and Vistra
The Investment Committee discuss the latest Calls of the Day.
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AbbVie
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https://www.cnbc.com/2025/06/30/abbvie-to-buy-capstan-therapeutics.html?&qsearchterm=AbbVie
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AbbVie to buy Capstan Therapeutics for up to $2.1 billion
| 2025-06-30T00:00:00 |
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021.
U.S. drugmaker AbbVie said on Monday it will acquire cell therapy developer Capstan Therapeutics in a cash deal worth up to $2.1 billion, expanding its pipeline with experimental treatments for autoimmune diseases.
AbbVie has been diversifying its portfolio to make up for a steep decline in the sales of Humira, its flagship rheumatoid arthritis drug that is facing stiff competition.
Since Humira's patent expiration, AbbVie has spent over $20 billion on acquisitions, including $8.7 billion for neuroscience firm Cerevel, $10.1 billion for cancer drugmaker ImmunoGen and $1.4 billion for Alzheimer's-focused biotech Aliada.
Under the terms of the agreement, AbbVie will pay up to $2.1 billion in cash to acquire Capstan, subject to certain customary adjustments.
Capstan develops CAR-T therapies, a type of treatment that uses a patient's own immune cells, specifically T cells, to fight diseases. Its main drug, CPTX2309, is currently in early-stage development for the treatment of autoimmune diseases.
The drug works by using tiny fat-based particles called lipid nanoparticles to deliver instructions to certain immune cells, which find and remove harmful cells that mistakenly attack the body.
The deal aims to strengthen AbbVie's already strong position in immunology, building on the success of autoimmune treatments Skyrizi and Rinvoq, which are expected to generate over $31 billion in combined sales by 2027.
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AbbVie
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https://www.cnbc.com/2025/10/01/trump-pharmaceutical-tariffs-pfizer-deal.html?&qsearchterm=AbbVie
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Trump's pharmaceutical tariff threat loses bite after Pfizer deal reassures drugmakers
| 2025-10-01T00:00:00 |
U.S. President Donald Trump shakes hands with Pfizer CEO Albert Bourla (L) as he announces a deal with Pfizer to lower Medicaid drug prices in the Oval Office of the White House on September 30, 2025 in Washington, DC.
President Donald Trump's long-awaited threat to impose pharmaceutical tariffs may not pose as much of a challenge as drugmakers once feared, following his new drug pricing deal with Pfizer .
Trump's Tuesday agreement with the company to voluntarily lower U.S. drug prices included a three-year exemption from pharmaceutical-specific tariffs, as long as the firm further invests in domestic manufacturing. Pfizer on Tuesday pledged to put $70 billion into U.S. manufacturing and research, on top of previous investments.
That deal brought relief and clarity to Pfizer and the broader pharmaceutical industry, signaling that many drugmakers could strike similar agreements that would make them immune to the levies for most of Trump's term.
The Trump administration also made it clear that it will try to secure those drug pricing agreements before it imposes tariffs. Commerce Secretary Howard Lutnick on Tuesday said he will let companies finish their negotiations with the administration before setting pharmaceutical-specific levies under the legal authority known as Section 232.
Trump on Tuesday said he's working with other drugmakers to secure similar pacts over the next week, and the White House confirmed that Eli Lilly is expected to strike the next drug pricing deal. The vast majority of major pharmaceutical companies, including Eli Lilly, Johnson & Johnson , AstraZeneca , AbbVie , Roche , Novo Nordisk and Amgen have unveiled new U.S. investments in manufacturing or research facilities in recent months to build goodwill with the president.
Shares of Pfizer and several other drugmakers rose on Tuesday following the agreement. Pfizer's stock ended more than 6% higher, while Eli Lilly rose 5%. Shares of AbbVie and AstraZeneca climbed more than 3%, while J&J and Bristol Myers Squibb's stocks increased more than 2% each.
The Pfizer deal adds certainty for drugmakers and shifts the president's policies "potentially away from Pharma tariffs," BMO Capital Markets analyst Evan Seigerman said in a note on Tuesday.
"Today's deal seems to set a path for other pharmaceutical players to follow, allowing for headline pricing concessions and a Trump 'win' without more punitive implementation" of the president's so-called most-favored-nation policy or tariffs, Seigerman added.
Trump in May signed an executive order reviving that controversial plan, which aims to tie the prices of some medicines in the U.S. to the significantly lower ones abroad. As part of that effort, Trump in July sent letters to 17 drugmakers — including Pfizer — calling on them to take steps to lower drug prices by Sept. 29.
"As we think about the group more broadly, we would not be surprised to see a number of similar agreements to help remove uncertainty on the [most-favored-nation policy and] tariffs," JPMorgan analyst Chris Schott said in a note Tuesday.
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AbbVie
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https://www.cnbc.com/video/2025/07/23/final-trades-abbvie-uber-western-union-and-live-nation.html?&qsearchterm=AbbVie
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Final Trades: Abbvie, Uber, Western Union and Live Nation
| 2025-07-23T00:00:00 |
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AbbVie
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https://www.cnbc.com/video/2025/05/14/three-stock-lunch-advanced-micro-devices-abbvie-and-tesla.html?&qsearchterm=AbbVie
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Three Stock Lunch: Advanced Micro Devices, Abbvie and Tesla
| 2025-05-14T00:00:00 |
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Three Stock Lunch: Advanced Micro Devices, Abbvie and Tesla
Scott Nations, Nations Indexes president, joins 'Power Lunch' to discuss Nations' investing take on three stocks: Advanced Micro Devices, Abbvie and Tesla.
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AbbVie
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https://www.cnbc.com/video/2025/05/01/three-stock-lunch-abbvie-unitedhealth-and-booking-holdings.html?&qsearchterm=AbbVie
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Three Stock Lunch: AbbVie, UnitedHealth, and Booking Holdings
| 2025-05-01T00:00:00 |
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Three Stock Lunch: AbbVie, UnitedHealth, and Booking Holdings
Chris Grisanti, MAI Capital Management, joins 'Power Lunch' to discuss Gristanti's investing take on three stocks: Abbvie, UnitedHealth, and Booking Holdings.
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AbbVie
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https://www.cnbc.com/video/2025/07/10/final-trades-abbvie-boeing-oracle-and-joby-aviation.html?&qsearchterm=AbbVie
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Final Trades: Abbvie, Boeing, Oracle and Joby Aviation
| 2025-07-10T00:00:00 |
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Final Trades: Abbvie, Boeing, Oracle and Joby Aviation
The Investment Committee give you their top stocks to watch for the second half.
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AbbVie
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https://www.cnbc.com/2025/03/04/healthy-returns-abbvie-is-the-newest-potential-weight-loss-drug-player.html?&qsearchterm=AbbVie
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Healthy Returns: AbbVie is the newest potential weight loss drug market player
| 2025-03-04T00:00:00 |
A version of this article first appeared in CNBC's Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions.
The booming weight loss drug market has gained a new potential competitor.
AbbVie said on Monday that it will pay up to $2.2 billion to develop Danish drugmaker Gubra's experimental obesity drug, marking its late foray into the segment.
Under the terms of the deal, the pharmaceutical giant will pay Gubra $350 million upfront. AbbVie will also pay up to nearly $1.9 billion if the drug meets certain development and sales milestones.
Gubra, which provides pre-clinical contract research and peptide-based drug discovery services, will be eligible to receive certain royalties on global net sales of the drug, called GUB014295. Shares OF Gubra closed 15% higher on Monday after the licensing agreement was announced.
Here's what's important to know about the medicine: It is an injection that mimics amylin, a different gut hormone than the existing obesity drugs on the market target.
Amylin activates signals to the brain that suppress appetite and reduce food intake, according to AbbVie. The hormone also slows so-called gastric emptying, or the process by which the contents of the stomach are moved into the small intestine.
Novo Nordisk 's blockbuster obesity treatment Wegovy mimics a hormone called GLP-1 to tamp down appetite and regulate blood sugar, while Eli Lilly 's own drug Zepbound targets both GLP-1 and another hormone called GIP.
A few companies, including Novo Nordisk, Zealand Pharma, AstraZeneca and Structure Therapeutics , are developing products that target amylin. Some of those drugs are further along in development than Gubra's medicine, such as Zealand's petrelintide, but it is still too early to know which one is most effective for weight loss.
Some drugmakers believe that targeting amylin could reduce the gastrointestinal side effects typically seen with treatments that target GLP-1, and may lead to less muscle loss than existing drugs. But those effects have to be proven in clinical trials.
In a research note Monday, BMO analyst Evan Seigerman said "all-in we're positive on the deal" for AbbVie. He said the company's entrance into the obesity market could "come with synergies" to other areas of its business, such as inflammation and aesthetics.
For example, researchers are studying the inflammatory benefits of obesity drugs for conditions such as a serious form of liver disease, cardiovascular outcomes and Alzheimer's, among others, Seigerman wrote.
"We see an opportunity for AbbVie to leverage their expertise in this space to better understand these potential benefits," he added.
An obesity drug could also complement AbbVie's aesthetics business, which offers Botox, other facial injectables, skin care and body contouring, among other products, according to Seigerman.
Notably, the deal comes as AbbVie looks for its next top-selling drug following the patent expiration for its mega blockbuster autoimmune medicine Humira.
"Our partnership with Gubra marks our entry into the obesity field, offering a compelling opportunity based on the potential to address patient needs while also fostering long-term growth for our company," AbbVie CEO Robert Michael, who took over just over six months ago, said in a statement on Monday.
The deal, however, could be a "potential negative" for Structure Therapeutics, Seigerman said.
That biotech company is still looking for potential partnerships with large pharmaceutical companies to further develop and commercialize its experimental GLP-1 and amylin products.
Feel free to send any tips, suggestions, story ideas and data to Annika at [email protected].
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AbbVie
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https://www.cnbc.com/video/2025/06/13/calls-of-the-day-netflix-nrg-energy-air-products-and-abbvie.html?&qsearchterm=AbbVie
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Calls of the Day: Netflix, NRG Energy, Air Products, and Abbvie
| 2025-06-13T00:00:00 |
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Calls of the Day: Netflix, NRG Energy, Air Products, and Abbvie
The Investment Committee debate the latest Calls of the Day.
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Cisco
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https://www.cnbc.com/2025/09/29/ai-bull-marks-the-revenge-of-the-dotcom-boxmakers-like-cisco-dell-how-to-trade-the-stocks-from-here.html?&qsearchterm=Cisco
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AI bull marks the revenge of the Dotcom 'boxmakers' like Cisco, Dell. How to trade the stocks from here
| 2025-09-29T00:00:00 |
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — I remember being a retail stockbroker in 1999, pitching shares of Mellon Bank to my retail brokerage customers. After the repeal of the Glass-Steagall Act under President Bill Clinton, a wave of bank and brokerage mergers and acquisitions had taken place. These included the buyouts of PaineWebber by UBS, Donaldson Lufkin & Jenrette by Credit Suisse, JPMorgan by Chase Manhattan, Bank of America by NationsBank and Citicorp by Travelers. My pitch was that Mellon was on the shortlist to be acquired — which eventually happened in 2007 by the Bank of New York. But my pitch looked ridiculous to the other brokers in the boardroom. They couldn't understand why I would be wasting my time looking to make clients ten or fifteen points in a stock when I could just be pitching Dell Computer, Cisco Systems, EMC or Hewlett-Packard. Yes, I'm using the original names for these companies... I'm old school like that). These stocks were doubling and tripling every few months back then. I was shooting for singles and doubles while the other brokers were swinging for the fences. They had a point, in the short-term. It was the early days of Internet 1.0 and I was talking about deposits and savings account growth. One of my colleagues who had recently switched away from a pitch on Bristol Myers to selling fiber optics companies to his clients made the statement "I will never pitch a non-technology stock to my clients ever again. Everything else is a waste of time." I tell this story because many of the names we were enamored with in that era were what came to be known derisively as "the boxmakers" as investors threw in the towel on them. In the wake of the original Dotcom Bubble's bursting, you couldn't give these stocks away. Cisco and IBM went to sleep for almost two decades. Dell was taken private after struggling for what seemed like forever. New technology growth stories eventually came along that were more heavily involved in software, wireless communications, social media and semiconductors. The companies making PCs, routers and servers - big gray boxes - were never thought of or spoken about again. They were simply out of the conversation. Until now. One of the more interesting aspects of the Internet 3.0 era we're in now — the AI datacenter buildout — is that it is heavily reliant on next-generation equipment. Millions upon millions of boxes (modern versions, of course) are being purchased every quarter, by cloud providers around the world. Old Tech is playing a huge role in the AI boom and it's a lot of fun to see some of the stocks from my youth making a comeback all these years later. Sean is going to drop the normal Monday charts and then walk you through how Dell, HP and Cisco have become relevant again to growth investors, and I'll be back with some technicals. Sector Leaderboard As of Sept. 29, there are 211 names on The Best Stocks in the Market list. Top Sector Ranking: Top Industries: Top 5 Best Stocks by Relative Strength: Sector spotlight: Sean — IBM was just added to the list on Friday of last week. IBM's AI strategy centers on watsonx, its enterprise platform that helps companies build, govern, and deploy generative AI and machine-learning models across hybrid cloud environments. Bank of America recently detailed in a report all the companies involved in building a data center in 2025. In the report, he 800-pound gorilla of the data center build Nvidia is there, along with other sexy names like Arista, Huawei, and SMCI. I was surprised when I saw some of the old-guard tech names involved. Names like IBM, CSCO, Dell and even HPE (HP split into two companies, HPQ and HPE). Take Dell for example. Dell plays a big role in data center build-outs by providing the core infrastructure — servers, storage, networking — and modular data center solutions that bundle racks, power, and cooling for data center deployment. HPE's chart is slightly further along; HPE offers modular and prefabricated data center architectures (e.g. "PODs" and scalable modules) to speed deployment, simplify expansion, and improve energy efficiency. And finally, there's CSCO — the enduring reminder of what bubbles can do to a stock: CSCO is providing the networking gear and AI-driven management software that move data efficiently and securely across those AI-heavy data centers. Its last all-time high came on March 27, 2000, some 6,414 trading days and 5,145 S & P points ago. CSCO hasn't been this close to new highs since Creed's 'Higher' was climbing the Billboard charts in 2000. Left for dead after the first tech boom, these stocks are quietly staging a big comeback in the age of AI. Over the past year, IBM is up 29%, CSCO 28%, HPE 27%, and Dell 12%. Are the Creed lyrics in your head yet? Can you take me higher? Risk Management: Josh — Let's take a look at Cisco today, approaching the old highs above $70 per share versus the last time it traded at these levels at the peak of the Dotcom boom in 2000. Specifically, let's look at the company's valuation then and now: Ignore that blip higher in the orange line (PE ratio) which was caused by a one-time $10.4 billion non-recurring loss due to the Tax Cuts & Jobs Act as it reclassified foreign earnings. Outside of that, you can see that Cisco's PE ratio today is substantially lower than what we had seen previously. There was a time Cisco shares were trading at 250 times earnings while today it's more like 25 times. This approach toward $70 per share is not anything like the last one. It should be pointed out that modern Cisco is a materially better and more diversified business than it was back then. Cisco's software and cybersecurity business makes it a much more compelling story despite the fact that networking equipment is still the core business all these years later. By which I mean to say not to fear buying this stock at a 25-year high. Near-term it's a little too sloppy for me, but I am okay with an entry here so long as we respect the obvious support line, which I would draw around $60. That's the top of the breakaway gap I am showing you above from Cisco's post-earnings rally in May. The post-earnings rally from August faded away but the stock has been consolidating in a tight little range ever since. The next earnings report is November 12th which gives you time to accumulate if you think they'll surprise to the upside again. Dell Technologies put in an explosive new high back in May of 2024 (not shown above) and then a lower high last November. It's been consolidating ever since with a sloppy, choppy chart that's somehow managed to fight back to within proximity of a 52-week record. But it has failed in the 140s twice and I don't trust it until it can break above with a strong RSI above 60, confirming. I could be persuaded that the third time is the charm as it approaches the mid-140's but we're not there yet. The name can't seem to hold its 50-day which tells you the bulls are listless and not yet fully behind it. I would say to wait. Which leaves us with HPE. As Sean explained, this is the enterprise business that was separated from the HPQ consumer business selling PCs, printers and laptops. This took place exactly ten years ago, so the HPE business has had a long time to establish itself as a standalone entity in the eyes of investors. HPE sells directly into the cloud datacenter buildout - servers, data storage, IT consulting, networking equipment and software - which is why the stock has been on fire amidst increased capex guidance from the tech giants that are its customers. In the chart below, I am showing you a stock that has already broken out above its January highs and is now in the process of retesting that breakout level. Investors can risk-manage the position with a line in the sand at $20, the top of that breakaway gap in late June. Below it and something is wrong. Traders should tighten the leash and use $22, the current 50-day moving average. I don't want to risk more than 10% in a trade with this stock given the history. We just haven't seen a long enough uptrend for me to be confident the chop is over yet. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
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Cisco
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https://www.cnbc.com/video/2025/09/16/over-80-percent-of-companies-are-planning-to-deploy-ai-agents-cisco-president.html?&qsearchterm=Cisco
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'Over 80% of companies are planning to deploy AI agents': Cisco President
| 2025-09-16T00:00:00 |
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'Over 80% of companies are planning to deploy AI agents': Cisco President
Jeetu Patel, President and Chief Product Officer at Cisco, discusses how AI is transforming work, urging companies to upskill fast or risk falling behind.
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Cisco
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https://www.cnbc.com/2025/08/13/cisco-csco-q4-earnings-report-2025.html?&qsearchterm=Cisco
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Cisco reports narrow earnings beat, issues inline forecast for the year
| 2025-08-13T00:00:00 |
Cisco CEO Chuck Robbins speaks at the Business Roundtable CEO Workforce Forum in Washington on June 17, 2025.
Cisco reported results on Wednesday that narrowly exceeded analysts' expectations and issued quarterly guidance that was also better than expected.
Here's how the company did in its fiscal fourth quarter comparison with LSEG consensus:
Earnings per share: 99 cents adjusted vs. 98 cents expected
99 cents adjusted vs. 98 cents expected Revenue: $14.67 billion vs. $14.62 billion expected
Revenue increased 7.6% year over year in the quarter, which ended on July 26, according to a statement. Net income rose to $2.82 billion, or 71 cents per share, from $2.16 billion, or 54 cents per share, in the same quarter a year ago.
Management called for 97 cents to 99 cents in fiscal first-quarter adjusted earnings per share on $14.65 billion to $14.85 billion in revenue. Analysts surveyed by LSEG were expecting 97 cents per share on $14.62 billion in revenue.
For the full 2026 fiscal year, Cisco forecast $4 to $4.06 in adjusted earnings per share and $59 billion to $60 billion in revenue. The LSEG consensus was for earnings of $4.03 a share and $59.53 billion in revenue.
"While we have some clarity on tariffs, we are still operating in a complex environment," Mark Patterson, Cisco's finance chief, said on a conference call with analysts.
In the fiscal fourth quarter, Cisco generated $7.63 billion in networking revenue, up 12%. Analysts polled by StreetAccount were looking for $7.34 billion.
Cisco's security revenue for the quarter totaled $1.95 billion, up 9% and trailing the StreetAccount estimate of $2.11 billion.
During the quarter, Cisco said it would collaborate with a partnership to invest in artificial intelligence infrastructure, alongside BlackRock , Microsoft and other companies. It joined a Stargate data center initiative for the Middle East that involves OpenAI and SoftBank. And the company introduced switches and routers that can take on AI workloads.
Cisco is in the planning phase on sovereign infrastructure projects, CEO Chuck Robbins said on the call.
"We have not taken any orders from them yet," he said. "We've been in the planning phases with them. They're obviously working through getting the licenses for the GPUs."
AI infrastructure orders from web companies in the quarter reached $800 million, Robbins said. The total for fiscal 2025 was over $2 billion, more than double the company's goal, he said. About $1 billion of those orders for the fiscal year were earmarked for back-end networks that connect graphics processing units, Robbins said.
Cisco's AI infrastructure sales pipeline from enterprises is in the hundreds of millions of dollars, he said.
"I don't feel like AI's a fleeting trend," Robbins said.
At the market close on Wednesday, Cisco shares are up 19% in 2025, while the S&P 500 has gained about 10%.
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Cisco
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https://www.cnbc.com/2025/08/15/hsbc-downgrades-cisco-says-further-gains-will-be-harder-to-come-by.html?&qsearchterm=Cisco
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HSBC downgrades Cisco, says further gains will be harder to come by
| 2025-08-15T00:00:00 |
HSBC says it is time to move to the sidelines on Cisco Systems . The bank downgraded the network infrastructure stock to hold in a Thursday note and lowered its price target to $69 per share from $73. HSBC's forecast implies about 0.4% downside from Thursday's close. Analyst Stephen Bersey said Cisco's "restocking party seems over" after the company's lukewarm quarterly results. "We expected Cisco's networking segment to report improved growth vs a low base as its sector emerged from several quarters of destocking," Bersey said. "Cisco's networking revenue growth accelerated from -23.5% y-o-y in 1QFY25 to +12.2% in 4QFY25. Yet the company's FY26 revenue guidance (+5% y-o-y), along with slowing growth in remaining performance obligations plus backlog (+4.2% y-o-y in 4QFY25), suggest the restocking effect may be coming to an end sooner we had expected." CSCO YTD mountain Cisco stock in 2025. "Though the company reported more than USD2bn of AI infrastructure orders in FY25, strength seems to be getting offset by weakness elsewhere," the analyst said. Bersey added that the stock appears to be fairly valued, making it less likely for Cisco to make further gains in the near future. Shares have gained more than 17% in 2025 and 42.8% over the past year, outperforming the S & P 500. The stock fell slightly after the downgrade. Most analysts covering Cisco are on the sidelines. Of the 38 who cover it, 24 rate it as a hold, according to LSEG.
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Cisco
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https://www.cnbc.com/2025/08/13/cisco-earnings-are-out-wednesday-heres-what-top-analysts-expect-to-see.html?&qsearchterm=Cisco
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Cisco earnings are out Wednesday. Here's what top analysts expect to see
| 2025-08-13T00:00:00 |
Cisco Systems is scheduled to report its fiscal fourth-quarter 2025 earnings after the market close Wednesday. Analysts expect a strong quarter, but some see risks ahead for the stock after its strong performance this year. According to LSEG, analysts expect Cisco, a major provider of networking and security solutions, to report earnings of 98 cents per share on revenue of about $14.6 billion. That would correspond to year-over-year earnings and revenue growth of 12.1% and 7.1%, respectively. Cisco shares are up more than 20% year to date, largely driven by enthusiasm pouring into artificial intelligence infrastructure and cybersecurity demand. For the quarter that ended April 26, Cisco posted an earnings and revenue beat and issued guidance that also exceeded Wall Street's expectations. The company said it received more than $1 billion in AI infrastructure orders year to date, surpassing its initial target for the fiscal year, and reported an uptick in revenue from networking and security products. Here's what analysts are watching this time around: Barclays: Reiterated neutral rating, $66 price target Analyst Tim Long expects Cisco to post an in-line July quarter. "There has been broad-based across the business in FY25 with particular momentum in Wifi-7 and switching, both campus and DC. Order growth comps are harder this quarter, and we look for an update on product order growth ex Splunk as well as on webscale AI infrastructure orders. We do not assume a material EPS impact due to tariffs but await management commentary on what they're seeing surrounding customer spend as the situation remains uncertain. However, the company has not experienced meaningful pull-in as a result and has a resilient supply chain to leverage. We continue to believe demand should persist in the near term and look for an updated FY26 guide." Morgan Stanley: Kept overweight rating, $70 price target Analyst Meta Marshall's price target implies shares could slip 1% from the latest close. Although she expects the company to beat estimates, she expects Cisco's fiscal 2026 top-line guidance will likely be conservative given an uncertain macroeconomic backdrop. "We expect upside to FQ4 results given strong spending data points, particularly as enterprises continue to modernize their infrastructure for AI," Marshall wrote in an Aug. 5 note to clients. "While CSCO valuation has already re-rated, gap is currently 5.2x vs. historical 4.6x average, meaning there is still room for further expansion if AI data points or growth outlook surprise to the upside. More investors are becoming open to the potential for CSCO's multiple to break past the historical trading range, something that we believe requires campus product cycle, cloud AI story, and Splunk/security." Citi: Maintained buy rating, $71 price target Analyst Atif Malik believes eyes will be on Cisco's fiscal 2026 outlook. "We expect CSCO to benefit from an expanding AI networking TAM but see limited ~5% upside to our TP and recently lowered our ranking vs other Buy-rated networking coverage stocks as Street's campus refresh expectations appear a bit elevated," he said in an Aug. 5 note. Evercore ISI: Downgraded to in line from outperform, kept $72 price target The firm said Cisco's AI thesis "will take time to play out" as the company competes with Broadcom for market share in networking, and as growth further materializes in the enterprise AI market, where Cisco is already a leader. "The upside has been driven by a cyclical recovery in their core enterprise networking business as well as a more compelling narrative around cloud & AI markets," analyst Amit Daryanani said in a July 28 note. "Cisco's AI narrative has gained some steam from disclosing AI order figures, and this has been a big factor in taking their P/E multiple to ~18x vs 5-year average of 14x. Other AI-levered names have seen more sizable multiple expansion, but we think Cisco will struggle to get credited as an AI winner without disclosing AI revenue numbers. Thus far, they have only disclosed AI orders and it does not look as though they plan to disclose revenue." Wells Fargo: Maintained overweight rating, $75 price target Analyst Aaron Rakers is more bullish on Cisco's stock than his Wall Street peers. Rakers' price target implies the stock can gain 6.1%. "Expect upcoming (8/13) F4Q25 upside + commentary reinforcing our positive thesis w/ underlying positive enterprise spend trends supporting con't positive view on campus upgrade cycle + materializing AI backlog monetization," his Aug. 6 note reads. "Cisco's visible participation in Sovereign AI build-outs should be considered an incremental growth driver in FY26+."
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Cisco
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https://www.cnbc.com/2025/08/11/betting-on-a-bullish-earnings-move-in-cisco-systems-using-options.html?&qsearchterm=Cisco
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Betting on a bullish earnings move in Cisco Systems using options
| 2025-08-11T00:00:00 |
Cisco Systems (CSCO), a leading provider of networking, security and collaboration solutions, is scheduled to report its fiscal fourth-quarter 2025 earnings on Wednesday after the market close. Analysts estimate earnings per share (EPS) of 98 cents on revenue of approximately $14.63 billion, reflecting 7.3% year-over-year revenue growth and about 16% year-on-year free cash flow growth to just under $4.1 billion. The company's performance has been influenced by trends in artificial intelligence (AI) infrastructure, cybersecurity demand and enterprise digital transformation. Cisco's year-to-date total return is nearly more than 23%, outperforming QQQ by ~11% as of Friday. However, macroeconomic uncertainties, including potential tariffs and competitive pressures, introduce risks. Bull case: The bullish outlook for Cisco centers on its positioning in high-growth areas such as AI infrastructure and software-centric services, which are expected to drive sustained revenue expansion and margin improvement. On the May 14 earnings call, the company highlighted that they had received over $1 billion in AI infrastructure orders year to date, exceeding their fiscal year target early. (Cisco’s fiscal year runs from Aug. 1 to July 31). Cisco has “three pillars” in their AI opportunity: AI training infrastructure for webscale AI inference/enterprise clouds AI network connectivity. Additionally, Cisco announced a partnership with Nvidia to create a unified architecture and secure AI solutions. Cisco's valuation remains relatively attractive, trading at 18.9x FY estimates and 17.8x forward adjusted earnings estimates. This multiple is more in keeping with a cyclical/hardware-based business, while Cisco's been shifting towards recurring revenue streams, with software subscriptions now comprising over 50% of total revenue. Not only do technology services tend to be more consistent than hardware sales, but the cost of providing them is considerably lower. Product revenue is estimated to be ~48% of the total, while associated costs are ~75% of the total for the trailing 12 months. Put differently, services are more consistent AND have a higher margin. The company's FY free cash flow estimate of $13.4 billion represents a free cash flow yield of about 4.7%, Bear case: Cisco's traditional networking hardware faces commoditization risks, and while AI orders are promising, the greater than $1 billion in AI orders the company highlighted in May represented between 2%-3% of the company’s total FY-to-date revenues of more than $40 billion. One could argue that the stock's significant year-to-date outperformance reflects significant optimism, and the aforementioned cost of revenue from the product/hardware side could lead to margin compression in the event of inventory overstocking. Analysts are also forecasting $4.03 in adjusted EPS for FY2026, only 6.3% annually. That's not only less than many AI technology companies, but actually well below the rate of earnings growth exhibited by the S & P 500 generally, although these two are closely related, admittedly due to the outsize effects of technology behemoths like Nvidia. Earnings related implied move (options): The options market is implying a move of approximately 5%, which is in line with the historical average. One way to play a modestly bullish view in Cisco is by purchasing a longer-dated December 72.5 calls financed in part with the sale of a nearer-dated strangle, such as the September 67.5/80. This would maintain a longer-term bullish perspective while seeking to capitalize on the “vol crush” that frequently follows earnings in the nearer-dated September options. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
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Cisco
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https://www.cnbc.com/2025/08/14/cisco-ceo-says-he-wants-to-use-ai-to-boost-efficiency-not-reduce-headcount.html?&qsearchterm=Cisco
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Cisco CEO says he wants to use AI to boost efficiency, not reduce headcount
| 2025-08-14T00:00:00 |
Cisco Systems says it is not using artificial intelligence to reduce headcount — a stark contrast to many of its Big Tech peers. "I don't want to get rid of a bunch of people right now," Cisco CEO Chuck Robbins told CNBC on Thursday after being asked by Jim Cramer about the potential savings offered by agentic AI. Even more so in the case of engineers, Robbins added, "I just want our engineers that we have today to innovate faster and be more productive. That gives us a competitive advantage." Agentic AI refers to digital systems that can bring human-like problem-solving to tasks that require little supervision, such as customer service, and increasingly more difficult tasks like writing software. Robbins' approach differs from other major tech firms that appear to be using AI technology as a gateway to reduce labor costs. Club names Microsoft and Amazon are just a couple of companies that have recently slashed employees by the thousands. In early July, Microsoft alone cut roughly 9,000 of its global workforce. "Most of my peers would suggest that they do expect to be hiring fewer people if we get this right," said Robbins, who did not rule it out down the road. "It's early." Fortunately for the networking equipment provider, its latest quarterly earnings and revenue beats and slightly higher guidance indicate that management's direction is not hurting the company. "Agentic is the destination" for most of Cisco's webscale customers, Robbins said. The company more than doubled last year's original $1 billion AI infrastructure order target for fiscal year 2025, with in fiscal Q4 alone exceeding $800 million for the quarter. Webscale customers refer to the major tech household names such as Amazon , Meta Platforms , and Microsoft . Cisco is the Club's newest stock. We initiated a position in mid-July and have since made two more buys on the promise of how the company can help its customers with AI. Cisco is one of the 30 stocks that make up the Dow Jones Industrial Average . "Historically, the way you want to review Cisco is by following the orders because that's what leads to revenue," said Jeff Marks, director of portfolio analysis for the Club, during the August monthly meeting. Cisco did not release AI revenue guidance for its next fiscal year. But on Wednesday evening's post-earnings conference call, Robbins confirmed roughly $1 billion in AI revenue from webscale customers for fiscal year 2025. A blemish that did raise investor eyebrows, and contributed to Thursday's 1.5% stock decline, was its security segment. Cisco closed its $28 billion deal to buy the Splunk cybersecurity platform in March 2024, on the promise of driving financial growth and enhancing its security capabilities. Benefits from Splunk have been pushed out as the division saw some growth but missed on revenue. Cisco attributed the weakness to its U.S. federal government business, which has been affected by budget cuts. Excluding the federal business, the larger part of Cisco's security business grew by double digits. Marks said the Club would "buy some" more of Cisco shares if the stock were to dip further below its current trading levels of about $69 per share. The stock hit a 52-week high of $72.55 on Monday.
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Cisco
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https://www.cnbc.com/2025/08/13/cisco-systems-deserves-more-respect-in-ai-and-its-quarterly-results-prove-it.html?&qsearchterm=Cisco
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Cisco Systems deserves more respect in AI, and its quarterly results prove it
| 2025-08-13T00:00:00 |
Cisco Systems on Wednesday evening beat Street estimates on both the top and bottom line with its fiscal 2025 fourth quarter results. The company also issued slightly better than expected guidance, driven by strong growth for its networking products. Revenue in the quarter ended July 26 increased 8% year over year to $14.67 billion, exceeding the LSEG-complied analyst consensus estimate of $14.62 billion. Non-GAAP earnings per share (EPS) increased 14% on an annual basis to 99 cents, beating expectations of 98 cents, LSEG data showed. GAAP stands for generally accepted accounting principles. CSCO 1Y mountain Cisco Systems 1 year Cisco stock, which is also one of the 30 names that make up the Dow Jones Industrial Average , dipped slightly in what was a choppy after-hours trading session. Shares closed at a 52-week high of $71.79 each last Friday and traded a couple of dollars below that level Wednesday night. Bottom line Overall, it was a pretty solid quarter for Cisco. The computer networking equipment and security company reported another quarter of huge order growth thanks to artificial intelligence infrastructure spending and an enterprise networking refresh cycle. When we review Cisco, we always focus on orders because that's the best leading indicator of where revenue is headed. It's always been an order story, and we liked what we saw in the fiscal fourth quarter. However, it wasn't all clean. Sure, the security segment had positive order growth as well, but it reported a big revenue miss that will raise some flags. Still, what matters to us is that Cisco has turned into a misunderstood AI play. The company is taking in billions of dollars of orders from webscale, also known as hyperscaler, customers, and big opportunities are ahead from big corporations and sovereign AI — countries expanding their capabilities and infrastructure. Hyperscalers are the household big tech names like Amazon , Meta Platforms , and Microsoft . In a market that rewards AI-exposed companies with lofty valuations, Cisco trades at a very reasonable high teens price-to-earnings multiple. That valuation is too cheap to us. Why we own it Cisco Systems is an enterprise networking equipment provider that has made big strides to appeal to webscale customers and bring in over $1 billion in AI infrastructure orders. The company has also increased its presence in the security market through its acquisition of Splunk. In addition, Cisco's long-term transition toward subscription software sales, which are sticky and come with higher margins, should help improve the stock's undemanding price-to-earnings multiple. Competitors : Arista Networks , Hewlett Packard Enterprise , Juniper Networks Most recent buy : July 28, 2025 Initiated : July 17, 2025 Some analysts believe Cisco won't get full credit for its AI business until the company breaks out when these orders will turn into revenue. During the earnings call, management explained it recognized roughly $1 billion of AI revenue from webscale customers during fiscal year 2025. We'll see if that added information helps the stock earn more credit in the weeks ahead. We are reiterating our buy-equivalent 1 rating and keeping our $78 price target for now. We initiated Cisco on July 17 and made two subsequent buys over the next two weeks. Commentary Total Product orders increased 7% in fiscal Q4 year over year with growth across all geographies, with segment revenue up 10% to $10.89 billion. Starting off with Networking , product orders increased by a double-digit rate, representing the fourth consecutive quarter of such growth. A big reason behind this order surge is Cisco's fast growing AI infrastructure business and its ability to capture share from webscale customers. The momentum in this business continued in the fiscal fourth quarter with orders exceeding $800 million, bringing the fiscal year 2025 total to over $2 billion. That's double management's original target for the year. During the earnings call, CEO Chuck Robbins pointed out that orders from four out of the top six webscale customers, each grew orders in the triple digits. Even better, two of those customers each placed total orders of over $1 billion across Cisco's four business segments in the fiscal year. One reason why Cisco has made huge strides in its AI efforts is due to a major partnership with Nvidia . The two companies have teamed up to integrate Cisco's Nexus switches with Nvidia's Spectrum-X architecture to provide what the company describes as low latency, high speed networking for AI clusters. Cisco has also integrated a security solution for AI factories. Beyond Nvidia, Robbins said Cisco has a close relationship Advanced Micro Devices and is working with AMD on some sovereign AI deals, including the one with Humain, a newly launched Saudi Arabian AI company. Cisco is also receiving orders from neocloud providers. CoreWeave , which rents out Nvidia chips to customers for AI workloads, is an example of a neocloud. Robbins said there were several large deals in the quarter from these neoclouds that were not mentioned in the disclosed webscale AI infrastructure order figure. In addition to the webscale networking order growth story, there's a strong refresh cycle happening from enterprise customers adopting the company's Catalyst 9000 switches as well as routers, wireless access points, and industrial internet-of-things, or IoT, devices. While it's still early, Robbins pointed out that enterprise AI orders are starting to ramp up and the company is growing a customer pipeline "in the hundreds of millions." By division, Networking revenue increased 12% to $7.63 billion, by far Cisco's biggest, and management called out growth across most of its portfolio. They saw double-digit growth in internet infrastructure and enterprise routing and good growth in switching. Server revenue, however, declined. The Security division, product orders increased by mid-single digits. Still, we were disappointed by the significant revenue miss, even with 9% year-over-year increase. Cisco boosted its solutions in this industry last year when it paid $28 billion to acquire Splunk, so we would have preferred to see more strength. However, Robbins is very upbeat about the future. He explained on the earnings call how orders for the newer, refreshed products within Security increased by above 20%. The weakness mostly came from its U.S. federal government business, which has been hurt by budget cuts. When backing out the federal business, the rest of world security order growth increased by double digits in the fourth quarter. Cisco has about two-thirds of its security portfolio growing above 20%, which gives management confidence in its ability to hit its long-term target of 15% to 17% growth from its Security and Observability business. Observabilit y and Collaboration grew slightly in fiscal Q4 but missed estimates. Services revenue was flat at $3.79 billion, which missed estimates. Lastly, we always appreciate Cisco's consistent approach to returning cash to shareholders. The company bought back $1.3 billion worth of stock in the quarter at an average price of $64.65. It has $14.2 billion remaining under its authorization. Guidance Cisco expects fiscal 2026 first quarter revenue of $14.65 billion to $14.85 billion. The midpoint of $14.75 billion is a beat against the consensus of $14.62 billion. It also sees non-GAAP EPS of 97 to 99 cents. The midpoint of 98 cents is a penny higher than the consensus. For the full-year 2026, Cisco expects revenue of $59 billion to $60 billion. The midpoint of $59.5 billion is a slight beat against the consensus of $59.4 billion. It sees non-GAAP EPS of $4 to $4.06. The midpoint of $4.03 is a penny higher than estimates. (Jim Cramer's Charitable Trust is long CSCO, AMZN, META, MSFT. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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Cisco
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https://www.cnbc.com/video/2025/08/29/final-trades-servicenow-regeneron-cisco-systems-and-truist-financial.html?&qsearchterm=Cisco
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Final Trades: ServiceNow, Regeneron, Cisco Systems and Truist Financial
| 2025-08-29T00:00:00 |
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Final Trades: ServiceNow, Regeneron, Cisco Systems and Truist Financial
The Investment Committee give you their top stocks to watch for the second half.
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Cisco
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https://www.cnbc.com/2025/08/13/stocks-making-the-biggest-moves-after-hours-cisco-ibotta-coherent-and-more.html?&qsearchterm=Cisco
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Stocks making the biggest moves after hours: Cisco, Ibotta, Coherent and more
| 2025-08-13T00:00:00 |
Check out the companies making headlines in after-hours trading: Cisco — The tech stock pulled back almost 3% after its fourth-quarter results barely beat expectations. Cisco posted adjusted earnings of 99 cents per share on revenue of $14.67 billion in revenue, while analysts surveyed by LSEG were looking for a profit of 98 cents per share and $14.62 billion in revenue. The company's guidance also just barely surpassed expectations. Cisco stock is up almost 19% year to date. Ibotta — The stock plunged more than 21% on the heels of the tech company's second-quarter results missing expectations. Ibotta reported earnings of 8 cents per share, below the 19 cents per share that analysts had anticipated. The company also saw its revenue for the quarter come in at $86 million, while analysts had estimated $90.5 million. Its third-quarter revenue guidance also came in weaker than expected. Coherent — Shares of the semiconductor manufacturer plummeted more than 16%. The company earned $1.00 per share, excluding items, on revenue of $1.53 billion, above the profit of 91 cents per share and revenue of $1.51 billion that analysts had penciled in, according to LSEG. It also announced that it is selling its aerospace and defense business to Advent for $400 million. Bullish — Shares of the crypto exchange rose more than 3% in extended trading after Bullish's first day of trading. The stock opened at $90 on the New York Stock Exchange, which was 143% above its $37 initial public offering price. Shares ended the day at $68, or a gain of almost 84%. — CNBC's Christina Cheddar Berk contributed reporting.
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IBM
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https://www.cnbc.com/video/2025/09/04/ibm-ceo-arvid-krishna-sits-down-with-jim-cramer.html?&qsearchterm=IBM
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IBM CEO Arvid Krishna sits down with Jim Cramer
| 2025-09-04T00:00:00 |
IBM CEO Arvid Krishna sits down with Jim Cramer
IBM President and CEO Arvid Krishna joins 'Mad Money' host Jim Cramer to talk quarterly results, AI integration, its quantum computing buildout and more.
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IBM
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https://www.cnbc.com/video/2025/09/12/trade-tracker-kevin-simpson-buys-more-home-depot-ibm-and-cme-group.html?&qsearchterm=IBM
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Trade Tracker: Kevin Simpson buys more Home Depot, IBM and CME Group
| 2025-09-12T00:00:00 |
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Trade Tracker: Kevin Simpson buys more Home Depot, IBM and CME Group
Kevin Simpson, Capital Wealth Planning founder and CIO, joins CNBC's "Halftime Report" to detail his latest trades.
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IBM
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https://www.cnbc.com/2025/07/23/ibm-q2-earnings-report-2025.html?&qsearchterm=IBM
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IBM shares drop as software revenue misses
| 2025-07-23T00:00:00 |
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.
IBM shares fell as much as 6% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections.
Here's how the company did in comparison with LSEG consensus:
Earnings per share: $2.80 adjusted vs. $2.64 expected
$2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion
IBM's revenue increased nearly 8% year over year in the quarter, according to a statement. Growth in the first quarter was below 1%. Net income, which includes costs related to acquisitions, rose to $2.19 billion, or $2.31 per share, from $1.83 billion, or $1.96 per share, a year ago.
"While not a major factor overall, geopolitical tensions are prompting a few clients to move cautiously," CEO Arvind Krishna said on a conference call with analysts. "U.S. federal spending was also somewhat constrained in the first half, but we do not expect it to create long term headwinds."
Software revenue climbed about 10% to $7.39 billion, falling short of the $7.43 billion consensus among analysts surveyed by StreetAccount. Hybrid cloud revenue, including Red Hat, showed 16% growth. The software unit's gross margin of 83.9% was barely narrower than StreetAccount's 84.0% consensus.
"Clients reprioritized their spend to the hardware," Krishna said.
Revenue from consulting rose almost 3% to $5.31 billion, higher than StreetAccount's $5.16 billion consensus.
"Delayed decision making, especially in discretionary projects, as well as prior-year renewals impacted our in-period signings," said Jim Kavanaugh, IBM's finance chief.
Infrastructure revenue went up 14% to $4.14 billion, above the $3.75 billion StreetAccount average estimate.
During the quarter, IBM announced the next-generation z17 mainframe computer and the acquisition of data and artificial intelligence consulting firm Hakkoda.
IBM's generative artificial intelligence book of business from inception to the present stands at $7.5 billion, up from $6 billion in April, Krishna said.
With respect to guidance, IBM called for over $13.5 billion in 2025 free cash flow, similar to a projection from April. The company still sees at least 5% revenue growth at constant currency for the year.
IBM can also expand through additional deals.
What we've seen over the last four months has made us optimistic that we are now in a rational regulation environment where M&A that makes sense will get approved in reasonable timeframes," Krishna said.
As of Wednesday's close, IBM shares were up 28% so far in 2025, while the S&P 500 index has gained around 8% in the same period.
WATCH: Cramer's Stop Trading: IBM
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IBM
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https://www.cnbc.com/video/2025/07/25/trade-tracker-stephanie-link-buys-more-ibm.html?&qsearchterm=IBM
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Trade Tracker: Stephanie Link buys more IBM
| 2025-07-25T00:00:00 |
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Trade Tracker: Stephanie Link buys more IBM
Stephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more IBM here.
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IBM
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https://www.cnbc.com/2025/07/24/stocks-making-the-biggest-moves-midday-tsla-ibm-unp-aeo-and-more.html?&qsearchterm=IBM
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Stocks making the biggest moves midday: Tesla, IBM, Union Pacific, American Eagle Outfitters and more
| 2025-07-24T00:00:00 |
Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell 4.5%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less than 1% after talks between rival railroad operators stoked deal speculation. The company's CEO Joseph Hinrichs said in an interview that he was open to "all possibilities." IBM — The tech stock fell 7.6% after the company reported disappointing revenue at its software business. While IBM raised its forecast for full-year free cash flow, it held to its revenue forecast. American Eagle Outfitters — The apparel retailer added 4.3% after launching an ad campaign featuring actress Sydney Sweeney, fueling speculation that it could be the next name to join the resurgence of meme stocks. American Eagle is down almost 50% over the past year. The move comes amid a revival of meme stock activity that has hit Opendoor, GoPro and others. Opendoor Technologies jumped 5.7%, while Krispy Kreme ended the day virtually unchanged. UnitedHealth Group — Shares of the health insurer fell 4.8% after it said it is complying with Department of Justice criminal and civil requests as part of an investigation into its Medicare billing. The company said it has "full confidence" in its practices. Albemarle — Shares of the U.S. miner jumped 6.8% after lithium futures surged overnight, amid rumors that China is trying to address overcapacity by cracking down on mines that violate rules and regulations. West Pharmaceutical — Shares of the pharmaceutical company rose 22.8% after it raised its profit forecast, saying the effect of tariffs would be less than it originally expected. Bloom Energy — Shares jumped 23% after the fuel cell developer struck a deal with Oracle to deliver onsite power to the tech company's artificial intelligence data centers. Dow Inc. — The chemical company's stock slid 17% after disappointing second-quarter results. Dow posted a loss of 42 cents per share, excluding items, on $10.1 billion in revenue, while analysts penciled in a loss of 17 cents per share and $10.23 billion in revenue, according to LSEG. Alphabet — Shares of the Google parent rose 1% on a stronger-than-anticipated earnings report. Alphabet reported earnings of $2.31 per share on $96.43 billion in revenue for the second quarter, surpassing expectations of $2.18 in earnings per share and $94 billion in revenue from analysts, according to LSEG. ServiceNow — Shares climbed 4%. The software company hiked its full-year guidance for subscription revenue after beating Wall Street expectations for the second quarter. Chipotle — Shares of the fast-casual burrito chain plunged 13%. The company cut its same-store sales forecast and posted weaker revenue for the second quarter than anticipated by analysts polled by LSEG. Tesla — The electric vehicle manufacturer fell 8.2% after missing expectations on both lines in the second quarter. Tesla earned an adjusted 40 cents per share on $22.5 billion in revenue, missing consensus estimates for 43 cents in earnings and $22.74 billion in revenue, per LSEG. Honeywell — Shares ticked 6% lower even as Honeywell topped expectations for second-quarter earnings and offered upbeat guidance. Honeywell reported adjusted earnings of $2.75 per share on $10.35 billion in revenue, exceeding forecasts of $2.66 per share and $10.07 billion in revenue from analysts surveyed by LSEG. American Airlines — Shares of the air carrier fell 9.6% after the company's third-quarter profit forecast fell short of expectations . For the third quarter, American said it expects an adjusted per-share loss of between 10 cents and 60 cents, while analysts polled by LSEG estimated a loss of 7 cents. T-Mobile — Shares jumped 5.8% after the telecommunications company shared better second-quarter earnings than anticipated. T-Mobile posted earnings of $2.84 per share and $21.13 billion in revenue, beating the estimates of $2.67 per share and $21.02 billion from analysts, per LSEG. Las Vegas Sands — The casino operator's stock rallied 4.3% after second-quarter earnings results topped predictions. Las Vegas Sands reported adjusted earnings of 79 cents per share on $3.18 billion in revenue versus estimates of 53 cents per share and $2.83 billion in revenue from analysts surveyed by LSEG. Molina Healthcare — Shares dove 16.8% on weaker-than-forecast earnings. Molina earned an adjusted $5.48 per share versus LSEG's analyst consensus estimate of $5.79 per share. — CNBC's Alex Harring, Yun Li and Tanaya Macheel contributed reporting.
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IBM
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https://www.cnbc.com/video/2025/07/23/ibm-beats-on-revenue-and-earnings-raises-guidance.html?&qsearchterm=IBM
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IBM beats on revenue and earnings, raises guidance
| 2025-07-23T00:00:00 |
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IBM
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https://www.cnbc.com/2025/07/29/here-are-tuesdays-biggest-analyst-calls-apple-tesla-coreweave-microsoft-dell-ibm-disney-coinbase-more.html?&qsearchterm=IBM
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Here are Tuesday's biggest analyst calls: Apple, Tesla, CoreWeave, Microsoft, Dell, IBM, Disney, Coinbase and more
| 2025-07-29T00:00:00 |
Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs reiterates Microsoft as buy Goldman Sachs says it is bullish heading into earnings on Wednesday. "Microsoft is well-positioned to capitalize on this shift with a more capital efficient and higher margin recurring revenue model, just as it did during the on-prem to cloud transition." RBC downgrades Domino's Pizza to sector perform from outperform RBC said in its downgrade of Domino's that it sees slowing same-store sales growth. "Elevated potential for slowing US SSS in '26 could limit multiple expansion." Oppenheimer reiterates Apple as perform Oppenheimer says it is sticking with its perform rating ahead of earnings on Thursday. "We take a neutral view into AAPL's F3Q25 earnings. We expect investors to focus on the revenue outlook for F4Q25 after normalizing the potential FX tailwind, Services revenue growth and the sales trend in Greater China." Citi reiterates Coinbase as buy Citi raised its price target on the stock to $505 per share from $270. "Coinbase has enjoyed several catalysts in recent weeks, including: (i) signing of the GENIUS Act (stablecoins), (ii) House passage of the CLARITY Act (market structure), and (iii) inclusion in the S & P 500." Rosenblatt initiates IonQ as buy Rosenblatt says the stock is an "attractive way to gain exposure to the quantum computing market, a market that we see as the next era of computing." "We are initiating coverage of IonQ with a Buy rating and $70 12-month price target." Bank of America reiterates Roblox as buy The firm raised its price target to $133 per share from $103. "We see an extended runway for mid-20% growth as users worldwide adopt Roblox's Metaverse, in a virtuous cycle that will draw developers, brands, and merchants to the platform." Bank of America reiterates Advanced Micro Devices as buy Bank of America raised its price target on the stock to $200 per share from $175 ahead of earnings next week. "Particularly, we also flag AMD now has a comfortable ASP premium over INTC, +17% on average in PCs, +64% in servers." Bank of America reiterates IBM as buy Bank of America said shares of IBM have more room to run. "We view IBM as a defensive investment given its high exposure to recurring sales, cost cutting levers, solid balance sheet, potential share gains, and relatively stable margins." RBC reiterates Tesla as outperform RBC raised its price target to $325 per share from $319. "Should Tesla be successful on all of its goals, its valuation could far exceed even current levels. The Austin robotaxi launch has been better than many feared and the company is looking to expand in more cities." Raymond James upgrades BlackLine to outperform from market perform Raymond James says the software application company is well positioned. "…but we're now adding BL to that list where we see the potential for a narrative shift to occur over the coming quarters coincident with improved bookings and profitability support." Deutsche Bank reiterates CoreWeave as hold The firm says it is sticking with its hold rating ahead of earnings in mid-August. "We anticipate another solid topline beat when CoreWeave reports results on August 12th as the company continues to scale its cloud business at an unprecedented rate." Bank of America downgrades Tapestry to neutral from buy Bank of America said in its downgrade of Tapestry that shares of the owner of brands such as Coach are close to fair value. "The Coach brand has several more quarters of outsized growth ahead, but the 66% YTD surge in the stock price (vs S & P +9%) leaves the shares close to fair value, in our view, and we are downgrading to Neutral." Bank of America downgrades Whirlpool to underperform from neutral The firm says it sees too many negative catalysts for the appliance company. "We downgrade Whirlpool ( WHR) to Underperform (from Neutral) and lower our PO to $70 (from $100) following disappointing 2Q25 earnings/guidance and dividend cut." Read more. Guggenheim upgrades Generac to buy from neutral Guggenheim says the battery backup company is well positioned. "We are upgrading our investment recommendation for GNRC to Buy from Neutral and establishing a $190 price target. We believe that greater focus on commercial-scale opportunities, combined with the potential for a withdrawal from the troubled residential solar + storage business, support a more positive stance." JPMorgan reiterates Disney as overweight JPMorgan raised its price target on the stock to $138 per share from $130. "While we are cautious on the media landscape due to PayTV sub losses and advertising headwinds, Disney is our favorite in the group due to the company's unique content, improving streaming financials, and parks operation, which provides an avenue to attractively deploy capital."
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IBM
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https://www.cnbc.com/video/2025/07/07/cramers-stop-trading-ibm.html?&qsearchterm=IBM
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Cramer's Stop Trading: IBM
| 2025-07-07T00:00:00 |
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Cramer's Stop Trading: IBM
CNBC's Jim Cramer breaks down why he's keeping an eye on shares of IBM.
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IBM
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https://www.cnbc.com/video/2025/08/15/final-trades-uber-ibm-alexandria-real-estate-and-carmax.html?&qsearchterm=IBM
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Final Trades: Uber, IBM, Alexandria Real Estate and Carmax
| 2025-08-15T00:00:00 |
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Final Trades: Uber, IBM, Alexandria Real Estate and Carmax
The Investment Committee give you their top stocks to watch for the second half.
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IBM
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https://www.cnbc.com/2025/07/24/biggest-wall-street-analyst-calls-include-tesla.html?&qsearchterm=IBM
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Here are Thursday's biggest analyst calls: Nvidia, Apple, Tesla, Alphabet, IBM, Spotify, AT&T, Birkenstock and more
| 2025-07-24T00:00:00 |
Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Apple as buy Goldman Sachs lowered its price target on the stock to $251 per share from $253 but says it is sticking with the iPhone maker. "We are Buy-rated on AAPL as we believe that the market's focus on slower product revenue growth masks the strength of the Apple ecosystem and associated revenue durability & visibility." New Street upgrades ASML Holding to buy from neutral New Street says the semiconductor equipment maker is a top idea for 2026. "Consensus expects ASML to grow revenues 2% next year, compared to 6-12% for its peers. That is conservative. If anything, we see room for ASML to outperform, driven by high leading-edge exposure." Morgan Stanley reiterates Tesla as overweight Morgan Stanley says Tesla remains a top pick following the company's earnings report on Wednesday. " Tesla is crossing the chasm to autonomy while absorbing slower volume, EV incentive elimination, tariffs and investing in new initiatives that may not make margins for years." Read more. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley raised its price target to $210 per share from $205 following Alphabet's latest earnings report Wednesday. "Our EPS ests are largely unchanged but we remain OW as this accelerated pace of innovation sets up GOOGL for more durable multi-year growth." Read more . Bank of America reiterates IBM as buy The bank says IBM is well positioned for growth following its most recent financial report. " IBM r eported a mixed quarter, where organic software deceleration was offset by strong contribution from better-than-expected Infrastructure results and higher M & A contribution." Deutsche Bank upgrades Hub Group to buy from hold Deutsche Bank says the logistics and transportation company has upside potential. "Given an attractive valuation of only 13x 2026 numbers and conservative Street estimates (we are 10% above for 2026), we believe HUBG shares offer investors a compelling opportunity to capitalize on the intermodal market's long-term growth potential at a reasonable price." Citi downgrades KeyCorp to neutral from buy Citi says the Cleveland-based regional bank's valuation is full right now. "We expect KEY will continue to benefit from [net interest margin] expansion towards 3% as headwind from hedging portfolio abates and asset yields benefit from repricing and remixing. However, we believe these tailwinds are now largely priced in and that the bar is relatively high for further upside…" Wells Fargo upgrades Crown Castle to overweight from equal weight Wells Fargo says the cell tower company is a "compelling" top idea. "We're upgrading CCI to Overweight after a compelling Q2 which shows cost-cutting efforts ahead of plan, which provides upside to our 2025-2027 [adjusted funds from operations per share] numbers and makes for a compelling relative valuation story. CCI is our top tower pick." Wolfe upgrades General Dynamics to outperform from peer perform Wolfe said in its upgrade of General Dynamics that shares of the aerospace and defense company have room to run following its latest earnings. "A good top-line and bottom-line beat with an improved FCF and order outlook prompt our upgrade of shares to Outperform from Peer Perform." HSBC downgrades AT & T to hold from buy HSBC says it sees no near-term catalysts for AT & T. "Good 2Q25 results driven by strong net add momentum; higher capex creates some market uneasiness. However, FCF guidance was raised, a function of U.S. cash tax savings and increasing potential for additional capital returns." Mizuho initiates Braze at outperform Mizuho says the cloud-based software company has a platform that is "best-in-class." " Braze offers a best-in-class customer engagement platform purpose-built for real-time, personalized messaging across channels." Oppenheimer upgrades Spotify to outperform from perform Oppenheimer sees a "significant opportunity to monetize ad users." "With shares 14% off their all-time highs, we upgrade SPOT from Perform to Outperform and establish an $800 target as we see many tailwinds ahead. We model 1) the largest [monthly active users] runway in Internet, 2) free tier monetization (either ads or ad-supported monthly fee)…" Jefferies upgrades Varonis to buy from neutral Jefferies says shares of the software cybersecurity company are attractive. "We believe that VRNS is well positioned to address the increasingly important data governance market as Gen AI adoption starts to materialize." Morgan Stanley reiterates Chipotle at overweight The firm says shares of Chipotle remain extremely attractive. "Modest top line miss, EPS in line, FY [same-store sales] trimmed - these likely feed into the more cautious views on the stock and weigh on the multiple, though our numbers don't change much here. We remain OW on the view that nothing is broken here, and growth should pick up, but patience may be needed." Mizuho upgrades Travel & Leisure to outperform from neutral Mizuho sees earnings growth for the timeshare company. "We are upgrading TNL to Outperform from Neutral." Citi reiterates Nvidia at buy Citi says Alphabet's increased capex guidance is a positive for Nvidia. "AI spending remains strong — good for MU and NVDA. Google's capex guidance supports our view that AI spending remains strong. We view this positively for AI-exposed stocks such as MU (17% of sales) and NVDA." Goldman Sachs upgrades Birkenstock to buy from neutral Goldman Sachs says the shoe company is attractively valued. "Whilst we navigate a challenging macro backdrop and a highly competitive footwear market, BIRK looks attractive given: (i) a strong product proposition with pricing power; (ii) opportunities to take share in a highly fragmented market underpinned by its iconic footbed…" Piper Sandler downgrades Chubb to neutral from overweight Piper Sandler sees a softening insurance cycle for Chubb. "We are downgrading Chubb to Neutral from Overweight after its 2Q25 earnings results." Bank of America initiates Elbit Systems at buy Bank of America says it sees several catalysts ahead for the defense technology company. "We view Elbit Systems as a company well positioned to capture market share and defense funding globally, as Western Allies increase defense spending significantly over the next decade."
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McDonald's
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https://www.cnbc.com/2025/09/17/citi-raises-price-target-on-mcdonalds-to-highest-on-wall-street-calls-for-more-than-25percent-upside.html?&qsearchterm=McDonald%27s
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Citi raises price target on McDonald’s to highest on Wall Street, calls for more than 25% upside
| 2025-09-17T00:00:00 |
McDonald's could present itself as a better buy versus other fast-food peers, according to Citi. The bank raised its price target on the fast-food giant to $381 per share from $373, implying a new upside of 26%. Analyst Jon Tower also maintained his buy rating for the stock. His new target is the highest on Wall Street among analysts covering the stock. Tower pointed to tailwinds for McDonald's in the short term and over the long run. "We see the [near-term] trade as straightforward — own for an aggressive value push (including outsized marketing spend), easy compares, and associated room for P/E expansion," he wrote. "However, we see the story gaining steam into '26 as MCD leans into its next round of multi-year growth drivers (beverages, particularly energy, a remodel cycle, accelerating unit growth), while accelerating share losses at peers/the risk of the negative franchisee feedback loop take hold and offer MCD dollars to potentially vacuum up." MCD YTD mountain MCD YTD chart McDonald's has also committed to sustaining its nationally advertised price points by effectively subsidizing net profit loss in areas with higher costs, Tower wrote. This could give the company a significant leg up over its peers. "They have not committed to anything beyond this, but we believe it could present a new construct that MCD could uniquely execute going forward," he added. "Peers are seeing HSD (if not LDD declines) in traffic — levels not seen since peak GFC pain. It is hard to see how this doesn't mean additional unit closures that further accelerate a negative franchisee feedback loop and leave significant dollars for MCD to vacuum up in the wake of closures." Shares of McDonald's have added 5% this year. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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McDonald's
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https://www.cnbc.com/2025/09/02/mcdonalds-value-menu-combo-meals.html?&qsearchterm=McDonald%27s
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McDonald's to expand value menu as CEO says the chain aims to reach more customers
| 2025-09-02T00:00:00 |
McDonald's on Tuesday announced that it is expanding its value offerings in a bid to reach price-conscious diners.
Starting Monday, the fast-food giant is bringing back its Extra Value Meals, which were last promoted before the Covid-19 pandemic. Customers will save 15% on the combo meals compared with buying the entree, fries and a drink separately, the company said.
For more than a year, McDonald's and its rivals have been relying on discounts and deals to lure customers back to their restaurants. Traffic to fast-food chains has been shrinking, fueled by a pullback in spending by low-income consumers. Last summer, McDonald's rolled out its $5 value meal and extended the promotion past its initial run. It later added a buy one, get one for $1 deal to its menu as well.
The eight combo meals stretch across the McDonald's menu and include a Sausage McMuffin with Egg; Sausage Egg and Cheese McGriddle; Egg McMuffin; Bacon, Egg and Cheese Biscuit; Big Mac; 10-piece Chicken McNuggets; any Quarter Pounder burger; and any McCrispy Sandwich.
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McDonald's
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https://www.cnbc.com/video/2025/09/05/watch-cnbcs-full-interview-with-lululemon-ceo-calvin-mcdonald.html?&qsearchterm=McDonald%27s
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Watch CNBC's full interview with Lululemon CEO Calvin McDonald
| 2025-09-05T00:00:00 |
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Watch CNBC's full interview with Lululemon CEO Calvin McDonald
Calvin McDonald, CEO of Lululemon, joins CNBC's 'Squawk on the Street' to discuss why the company's stock is under pressure, how Lululemon is considering pricing adjustments and partnerships, expectations for turnaround, and much more.
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McDonald's
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https://www.cnbc.com/video/2025/09/02/mcdonaldas-ceo-middle-and-lower-income-consumers-are-under-a-lot-of-pressure-right-now.html?&qsearchterm=McDonald%27s
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McDonald’s CEO: Middle- and lower-income consumers are under a lot of pressure right now
| 2025-09-02T00:00:00 |
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McDonald’s CEO: Middle- and lower-income consumers are under a lot of pressure right now
McDonald’s CEO Chris Kempczinski joins 'Squawk Box' to discuss the launch of the new extra value menu, health of the consumer, cost pressures facing franchisees, the tax on tip debate, growth outlook, exiting the Russian market, importance of China, and more.
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McDonald's
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https://www.cnbc.com/video/2025/09/02/mcdonalds-adds-extra-value-meals-as-low-income-consumer-weakens.html?&qsearchterm=McDonald%27s
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McDonald's adds extra value meals as low income consumer traffic weakens
| 2025-09-02T00:00:00 |
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McDonald's
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https://www.cnbc.com/video/2025/09/02/watch-cnbcs-full-interview-with-mcdonaldas-ceo-chris-kempczinski.html?&qsearchterm=McDonald%27s
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Watch CNBC's full interview with McDonald’s CEO Chris Kempczinski
| 2025-09-02T00:00:00 |
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Watch CNBC's full interview with McDonald’s CEO Chris Kempczinski
McDonald’s CEO Chris Kempczinski joins 'Squawk Box' to discuss the launch of the new extra value menu, health of the consumer, cost pressures facing franchisees, the tax on tip debate, growth outlook, exiting the Russian market, importance of China, and more.
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McDonald's
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https://www.cnbc.com/video/2025/09/02/mcdonaldas-ceo-chris-kempczinski-on-extra-value-meals-its-in-the-mcdonalds-dna.html?&qsearchterm=McDonald%27s
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McDonald’s CEO Chris Kempczinski on extra value meals: It's in the McDonald's DNA
| 2025-09-02T00:00:00 |
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McDonald’s CEO Chris Kempczinski on extra value meals: It's in the McDonald's DNA
McDonald’s CEO Chris Kempczinski joins 'Squawk Box' to discuss the launch of the new extra value menu, health of the consumer, cost pressures facing franchisees, the tax on tip debate, growth outlook, exiting the Russian market, importance of China, and more.
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McDonald's
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https://www.cnbc.com/video/2025/09/12/lawrence-mcdonald-breaks-down-the-growing-concern-around-subprime-lending.html?&qsearchterm=McDonald%27s
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Lawrence McDonald breaks down the growing concern around subprime lending
| 2025-09-12T00:00:00 |
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McDonald's
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https://www.cnbc.com/2025/09/03/stocks-highlighted-in-analyst-calls-include-apple-alphabet-and-nvidia.html?&qsearchterm=McDonald%27s
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Here are Wednesday's biggest analyst calls: Apple, Alphabet, Chipotle, Western Digital, McDonald's & more
| 2025-09-03T00:00:00 |
Here are the biggest calls on Wall Street on Wednesday: Morgan Stanley reiterates Alphabet as overweight The investment bank said the bull case is moving ahead following the ruling in the DOJ-Alphabet antitrust case. "Analysis of Judge Mehta's remedies highlight how they are likely benign and unlikely to dislodge GOOGL's leading position. Revisions, product innovation, and commercial behavior trends matter now to push toward our $260 bull case." Read more. Bank of America reiterates Apple as buy Bank of America raised its price target on the iPhone maker to $260 per share from $250. " AAPL shares traded up after market on news reports that the judge in the DOJ-Google antitrust case had issued a memorandum opinion on remedies required of Google." Read more. Morgan Stanley upgrades Kraft Heinz to equal weight from underweight The investment bank said the bear thesis has played out for the stock. "We upgrade KHC to EW as our prior UW thesis has largely played out, with estimates now more reasonable and [organic sales growth] showing early signs of stabilization." Bernstein upgrades Hubspot to outperform from market perform Bernstein said macroeconomic issues are abating for Hubspot. " HubSpot is the leader in [small and mid-sized business] Sales, Service and Marketing and has been consistently outgrowing the market." JPMorgan reiterates Nvidia as overweight JPMorgan said the stock remains well positioned in AI. "We recently attended Hot Chips 2025 and came away with a renewed sense that explosive growth in AI adoption across consumer and enterprise use cases will continue to drive a multi-year cycle of robust demand for advanced compute, memory and networking technologies. ... .Against this backdrop of strong AI trends, we continue to view AVGO, NVDA, AMD, MRVL, MTSI and ALAB as key beneficiaries." Raymond James upgrades Regeneron to outperform from market perform Raymond James said in its upgrade of the biotech company that it offers "growth (and innovation) at a reasonable price." "Assuming coverage of REGN shares with an Outperform rating, $673 price target." Rothschild & Company Redburn upgrades Icon to buy from neutral The bank says it sees bookings improving for the life sciences company. "We see a pathway to investor confidence returning as ICON's gross bookings likely return to YoY growth in 3Q25, confirming that the demand weakness seen over the past four quarters has been cyclical, not structural." Wolfe upgrades Delek to outperform from peer perform Wolfe says shares of the oil refining company have more "room to run." "DK Upgrade to OP - room to run! Scenarios are reset on idiosyncratic upside." UBS upgrades Teck Resources to buy from neutral UBS said in its upgrade of Teck Resources that the mining company is turning a corner. "After material underperformance, we see the risk/reward as attractive." Morgan Stanley names Western Digital a top pick Morgan Stanley raised its price target to $99 per share from $92. "Following mgmt meetings, we gained increased confidence in WDC's tech roadmap, and walk away more confident that WDC's 20%+ valuation discount vs. peers is unwarranted." Rothschild & Company Redburn upgrades Chipotle to buy from neutral The firm sees an attractive risk/reward for Chipotle. "With dislocated valuation embedding downside scenarios, the risk-reward now skews positively. We upgrade to Buy from Neutral, with our unchanged $55/share price target implying c28% upside potential." Needham upgrades TransUnion to buy from hold Needham said the credit monitoring stock is turning a corner. "We believe tha t TRU is poised to have a strong 2H25 and beyond, led by strong momentum with FinTech clients, an improving outlook in India, and mortgage inquiry reprieve as rates appear to finally be heading in the right direction." Baird upgrades BorgWarner to outperform from neutral Baird said shares of the autoparts supplier have room to run. "Having been in a net upgrade posture YTD, we are further leaning into cyclical torque upgrading BWA, while also moving pro-cyclical names with compounding company-specific catalysts higher in our stack ranking overall." Melius upgrades Cummins to buy from hold Melius sees several positive catalysts ahead for Cummins. "We are upgrading CMI shares to Buy, and raising our two-year price target to $500, 25% upside from today's price." UBS reiterates McDonald's as buy UBS said it's even more bullish on the fast food chain following a series of meetings with management. "We recently attended a dinner with MCD Chairman and CEO Chris Kempczinski, CFO Ian Borden and VP of IR Dexter Congbalay, and came away with reinforced confidence MCD will improve customer value perceptions and drive market share gains in the US over time." Wells Fargo initiates Archrock at overweight Wells said the gas supply company is well positioned. "We're initiating coverage of AROC with an Overweight rating and PT of $30/sh. Wolfe initiates CoStar Group at outperform Wolfe says it's bullish on shares of the real estate company. "We are initiating coverage of CSGP with an Outperform rating and $105 YE26 price target, representing 19% upside." Bank of America upgrades Valero to buy from neutral Bank of America said the oil refiner is now better positioned. " VLO is flattish from when we launched last fall, but in our view better positioned than they were then due to the Light-Heavy outlook."
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McDonald's
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https://www.cnbc.com/2025/09/02/tuesday-research-by-analysts-include-nvidia-ferrari-walmart.html?&qsearchterm=McDonald%27s
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Here are Tuesday's biggest analyst calls: Nvidia, Apple, Broadcom, Ferrari, Walmart, McDonald's, Corning and more
| 2025-09-02T00:00:00 |
Here are the biggest calls on Wall Street on Tuesday: JPMorgan initiates Firefly Aerospace at overweight JPMorgan said the company is going to be a "leader" in the space market. "We are initiating coverage of Firefly Aerospace (FLY), a small and mid-size launch provider and spacecraft manufacturer, with an OW rating and a YE26 price target of $55, or 10.5x our 2027 sales of $787m." JPMorgan reiterates Apple as overweight JPMorgan said it is bullish heading into Apple's iPhone event on Sept. 9. "The first public look at the new line up of iPhones, that will be supported by incremental AI features through the year, can still hold some surprises in relation to hardware changes as well as pricing that can, in the current macro, set up for potential upsides, which however will only be modest in magnitude when compared to prior inflections or super cycles." Morgan Stanley reiterates Broadcom as overweight Morgan Stanley raised its price target on Broadcom to $357 per share from $338. "Outside of AI, we expect a cyclical recovery in semis and stable software." Bernstein reiterates Netflix as outperform Bernstein said investors should buy the dip in shares of Netflix. "While near-term questions may persist, Netflix's longer-term growth algorithm — engagement, subs, pricing — remains solid, supporting further operating leverage and margin expansion." Needham initiates WhiteFiber at buy Needham said shares in the computer support services company are compelling. "We initiate on WhiteFiber (WYFI) with a Buy rating & $34 Price Target." Bank of America reiterates Nvidia and Broadcom as buy Bank of America said it is sticking with Nvidia and Broadcom as top ideas. "We continue to favor high quality large caps including: 1) AI data centers ( NVDA , AVGO, AMD), 2) EDA (CDNS), 3) Semicap (LRCX, KLAC), 4) "Analog" industrial/auto (ADI, NXPI)." Deutsche Bank upgrades Ferrari to buy from hold Deutsche Bank said it is bullish on Ferrari's F80 model and that it sees "sustained growth and superior profitability." "We believe that the new F80 will be crucial in achieving adj. EBIT margins above 30%." UBS upgrades Corning to buy from neutral UBS says Corning's growth is "not stopping here." "We upgrade GLW to Buy as we see ongoing AI-driven fiber growth continuing to exceed market expectations, driving sustainable higher growth and re-rating in the stock." Morgan Stanley initiates QXO at overweight Morgan Stanley said in its initiation of QXO , a distributor of roofing, waterproofing and building products formerly named Beacon Building Products, that the company is a "$50B pound gorilla." "An industry ripe for consolidation, a mgmt team with a track record of driving value & very attractive math. Initiate OW." Read more. RBC upgrades American Axle to outperform from sector perform RBC said in its upgrade of American Axle that shares of the auto parts aftermarket company have room to run. "Given its strong exposure to the U.S. auto market, which is experiencing stronger-than-expected vehicle sales demand, peer multiples have re-rated higher." UBS upgrades Hexcel to buy from neutral UBS said the aerospace company is set up for a higher P/E multiple. "We upgrade Hexcel to Buy. Inflecting widebody production in 2026 should drive mid teens revenue growth and 300bps margin expansion for Hexcel and a re-rate in the stock." Bank of America upgrades Affiliated Managers to buy from neutral Bank of America sees robust organic growth for the asset manager. "We upgrade our rating to Buy from Neutral given a stronger net flow outlook driven by AMG' s tax aware (AQR) and private markets affiliates." Wells Fargo upgrades Acuity Brands to overweight from equal weight Wells Fargo said in its upgrade of the lighting company that it sees "higher EPS growth expectations." "We're upgrading AYI from EW to OW." Wells Fargo upgrades Hubbell to overweight from equal weight Wells Fargo said in its upgrade of Hubbell that the electrical equipment company is well positioned for growth. "Utility capex strength on grid hardening, integrating renewables and meeting data center demand are attractive thematic elements. End of destock is cyclically attractive." JPMorgan initiates Heartflow at overweight JPMorgan said the diagnostic software company has a "differentiated" offering. "While investor attention has recently been rightly focused on the foundational hardware, data and infrastructure driving modern artificial intelligence, Heartflow (HTFL) stands out as one of the clearest and most pioneering downstream beneficiaries of the AI revolution in the healthcare sector." Piper Sandler upgrades Performance Foods to overweight from neutral Piper Sandler sees an attractive risk/reward for the food company. "With this note, we are upgrading shares of PFGC to Overweight, from Neutral prior. We particularly like the Risk-Reward here because we can get to reasonably attractive upside for PFGC based solely upon execution of the strategy and the multi-year financial targets that the team recently laid out at its May 2025 Investor Day." Morgan Stanley downgrades Lam Research to underweight from equal weight The firm said in its downgrade of Lam that it sees too many negative catalysts and slowing growth for the semiconductor equipment manufacturer. "Difficult 2026 set up; Downgrade to UW, $92 PT." Goldman Sachs adds Walmart and McDonald's to the conviction buy list Goldman Sachs added both stocks to its conviction buy list. "We add Cadence Design Systems (CDNS), Valero Energy (VLO), McDonald's (MCD) and Walmart (WMT) to the US Conviction List, while removing Viper Energy (VNOM) and Insmed (INSM)." Morgan Stanley initiates Ralliant at overweight Morgan Stanley said in its initiation of Ralliant that shares of the precision technology company are compelling. "After ~2yrs of organic declines, we are seeing signs of [next twelve months] cycle uplift — an attractive opportunity with valuation discounted on trough operations." Baird upgrades Ameresco to outperform from neutral Baird sees a strong demand backdrop for the renewables company. "We are upgrading AMRC to Outperform as we see the business benefiting from strong demand for [energy performance contract] services (particularly for clean energy expertise) and the need for power over the remainder of 2025 and into 2026." UBS initiates Addus HomeCare at buy UBS sees top-line growth for the home health-care company. "We initiate coverage of ADUS with a Buy rating." Morgan Stanley upgrades SailPoint to overweight from equal weight The investment bank said the cybersecurity stock is well positioned. "SailPoint is well-positioned to sustain 20%+ [annual recurring revenue] growth as the company benefits from SaaS migration tailwinds, [and] capitalizes upon an attractive legacy displacement opportunity…" Morgan Stanley upgrades Zscaler to overweight from equal weight Morgan Stanley said in its upgrade of Zscaler that the cybersecurity company has more room to run. "While valuation reset this year has captured near term dislocation, growth adjusted multiple leaves opportunity for upside if growth / margins outperform." Deutsche Bank upgrades Frontier to buy from hold Deutsche Bank upgraded the discount airline following Spirit's restructuring. "We are raising our rating on Frontier's shares (ULCC) from Hold to Buy as we see the low fare carrier as best-positioned to be the biggest beneficiary of Spirit's bankruptcy given their network overlap." Goldman Sachs initiates Porch Group at buy Goldman Sachs said it is bullish on the homeowners services platform. "We initiate coverage of Porch Group (PRCH) with a Buy rating and 12-month price target of $21." Goldman Sachs initiates Brookfield Group at buy Goldman Sachs called the alternative asset management company a "capital compounder at a discount." "We initiate coverage of Brookfield Corporation with a Buy rating, with a $78 12-month price target, ~20% upside."
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ServiceNow
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https://www.cnbc.com/video/2025/09/10/servicenow-ceo-on-ai-impact-and-business-strategy.html?&qsearchterm=ServiceNow
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ServiceNow CEO on AI impact and business strategy
| 2025-09-10T00:00:00 |
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ServiceNow CEO on AI impact and business strategy
Bill McDermott, ServiceNow CEO, joins 'Power Lunch' to discuss how Oracle's blowout quarter impacts ServiceNow, how AI continues to drive the company's business and much more.
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ServiceNow
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https://www.cnbc.com/2025/07/23/servicenow-now-q2-earnings-2025.html?&qsearchterm=ServiceNow
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ServiceNow lifts guidance on AI growth
| 2025-07-23T00:00:00 |
Bill McDermott, chair and CEO of ServiceNow, speaking on CNBC's "Squawk Box" at the World Economic Forum annual meeting in Davos, Switzerland, on Jan. 17, 2024.
ServiceNow posted strong second-quarter results and lifted its guidance Wednesday. Shares climbed 7% following the report.
Here's how the company performed compared to LSEG estimates:
Earnings per share: $4.09 adjusted vs. $3.57 expected
$4.09 adjusted vs. $3.57 expected Revenue: $3.22 billion vs. 3.12 billion expected
Subscription revenues, which account for the majority of the enterprise technology company's revenues, hit $3.11 billion and topped a $3.03 billion forecast from StreetAccount.
The company boosted its full-year subscription revenue guidance to between $12.775 billion and $12.795 billion as it benefits from artificial intelligence adoption.
"Every business process in every industry is being refactored for agentic AI," said ServiceNow chair and CEO Bill McDermott in a release.
Net income grew 47% to $385 million, or $1.84 per share, from $262 million, or $1.26 per share, a year ago. Revenues grew nearly 23% to about $3.22 billion.
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ServiceNow
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https://www.cnbc.com/video/2025/08/29/final-trades-servicenow-regeneron-cisco-systems-and-truist-financial.html?&qsearchterm=ServiceNow
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Final Trades: ServiceNow, Regeneron, Cisco Systems and Truist Financial
| 2025-08-29T00:00:00 |
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Final Trades: ServiceNow, Regeneron, Cisco Systems and Truist Financial
The Investment Committee give you their top stocks to watch for the second half.
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ServiceNow
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https://www.cnbc.com/2025/07/23/stocks-making-the-biggest-moves-after-hours-now-ibm-cmg.html?&qsearchterm=ServiceNow
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Stocks making the biggest moves after hours: ServiceNow, IBM, Chipotle Mexican Grill and more
| 2025-07-23T00:00:00 |
Check out the companies making headlines after the bell : T-Mobile — Shares of the mobile telecommunications company jumped more than 4% after its second-quarter earnings topped Wall Street's estimates. T-Mobile reported earnings $2.84 per share on $21.13 billion in revenue, above the $2.67 per share and $21.02 billion in revenue that analysts surveyed by LSEG had penciled in. Las Vegas Sands — The casino operator's stock advanced nearly 5% on the heels of better-than-expected results for the second quarter. Las Vegas Sands reported adjusted earnings of 79 cents per share, beating out the consensus estimate of 53 cents per share, per LSEG. The company's revenue of $3.18 billion also topped the $2.83 billion that analysts were expecting. International Business Machines — The tech stalwart slipped 5% after software revenue missed expectations in the second quarter. Software revenue came in at $7.39 billion, while StreetAccount consensus estimates called for $7.43 billion. Separately, second-quarter adjusted earnings and revenue surpassed expectations. Alphabet — Shares added 3% after Alphabet's earnings and revenue for its second quarter exceeded analysts' expectations. The tech giant reported earnings of $2.31 per share and revenue of $96.43 billion, while analysts had expected $2.18 per share and $94 billion in revenue, per LSEG. ServiceNow — The software company jumped 7%. ServiceNow lifted its full-year guidance for subscription revenue, calling for a range of $12.775 billion to $12.795 billion. That compares to its earlier outlook for $12.64 billion to $12.68 billion and the FactSet consensus call for $12.66 billion. ServiceNow also beat on the top and bottom lines in the second quarter. Chipotle Mexican Grill — Shares of the burrito chain dropped 9%. Chipotle cut its outlook for same-store sales growth for the full year. The company now sees growth being flat, compared to its earlier call for growth in a low single-digit range. Revenue for the second quarter missed the mark, landing at $3.06 billion, compared to the LSEG consensus estimate of $3.11 billion. Tesla — Shares of the electric vehicle manufacturer were up less than 1% in volatile trading. Tesla said its automotive revenue came in at $16.7 billion in the second quarter, down from $19.9 billion in the year-ago period. This marks the second straight quarter of falling auto revenue for Tesla. Top- and bottom-line results for the second quarter also missed analysts' estimates. Viking Therapeutics — The biopharma stock slipped 6% after the company posted a second-quarter loss of 58 cents per share, while analysts polled by FactSet expected a loss of 45 cents per share. The company's research and development expense of $60.2 million also exceeded the anticipated $45.1 million. Molina Healthcare — Shares fell 3% after the company posted second-quarter adjusted earnings of $5.48 per share, excluding items. Analysts polled by LSEG had estimated $5.79 per share. United Rentals — Shares popped about 2% after the rental equipment company posted second-quarter revenue of $3.94 billion, exceeding the $3.89 billion analysts polled by FactSet sought. United Rentals also said it expects full-year revenue to range between $15.8 billion and $16.1 billion, whereas prior guidance had called for a range of between $15.6 billion and $16.1 billion. — CNBC's Sean Conlon, Alex Harring and Darla Mercado contributed reporting.
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ServiceNow
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https://www.cnbc.com/video/2025/08/21/final-trades-servicenow-bristol-myers-and-live-nation.html?&qsearchterm=ServiceNow
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Final Trades: ServiceNow, Bristol Myers and Live Nation
| 2025-08-21T00:00:00 |
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Final Trades: ServiceNow, Bristol Myers and Live Nation
The Investment Committee give you their top stocks to watch for the second half.
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ServiceNow
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https://www.cnbc.com/video/2025/07/11/ai-could-create-up-to-500000-jobs-says-servicenow-president.html?&qsearchterm=ServiceNow
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AI could create up to 500,000 jobs, says ServiceNow President
| 2025-07-11T00:00:00 |
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AI could create up to 500,000 jobs, says ServiceNow President
Amit Zavery, president, chief product officer, and chief operating officer of software platform, ServiceNow discusses the implementation of AI across a range of companies, and explains its impact on the jobs market.
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ServiceNow
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https://www.cnbc.com/2025/07/24/stocks-making-the-biggest-moves-premarket-cmg-tsla-now-lvs-and-more.html?&qsearchterm=ServiceNow
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Stocks making the biggest moves premarket: Chipotle, Tesla, ServiceNow, Las Vegas Sands and more
| 2025-07-24T00:00:00 |
Check out the companies making headlines in premarket trading: Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%. Dow Inc. — The chemical company's stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents per share, excluding items, on $10.1 billion in revenue, while analysts penciled in a loss of 17 cents per share and $10.23 billion in revenue, according to LSEG. Alphabet — Shares of the Google parent rose almost 4% on a stronger-than-anticipated earnings report. Alphabet earned $2.31 per share on $96.43 billion in revenue for the second quarter, surpassing expectations of $2.18 in earnings per share and $94 billion in revenue from analysts, according to LSEG. ServiceNow — Shares surged nearly 8% after the software stock hiked its full-year guidance for subscription revenue after beating Wall Street expectations for the second quarter. Chipotle — Shares of the fast-casual burrito chain plunged 12%. The company cut its same-store sales forecast and posted weaker revenue for the second quarter than anticipated by analysts polled by LSEG. Tesla — The electric vehicle maker's stock fell 6% after missing expectations on both lines in the second quarter. Tesla earned an adjusted 40 cents per share on $22.5 billion in revenue, missing consensus estimates for 43 cents in earnings and $22.74 billion in revenue, per LSEG. UnitedHealth Group — Shares of the health insurer fell about 4% after it said it is complying with Department of Justice criminal and civil requests as part of an investigation into its Medicare billing. The company said it has "full confidence" in its practices. Honeywell — Shares ticked 3% lower despite beating expectations for second-quarter earnings and offering upbeat guidance. Honeywell earned $2.75 per share, excluding items, on $10.35 billion in revenue, exceeding forecasts of $2.66 per share and $10.07 billion in revenue from analysts surveyed by LSEG. American Airlines — Shares of the air carrier fell 6% despite its quarterly financial results beating on the top and bottom lines, after the company's third-quarter profit forecast fell short of expectations . For the third quarter, American said it expects an adjusted per-share loss of between 10 cents and 60 cents, while analysts polled by LSEG estimated a loss of 7 cents. American Eagle Outfitters — The apparel retailer soared 18% after launching an ad campaign featuring actress Sydney Sweeney, fueling speculation that it could be the next name to join the resurgence of meme stocks. American Eagle is down almost 50% over the past year. The move comes amid a revival of meme stock activity that has hit Opendoor, GoPro and others. T-Mobile — Shares jumped 4% after the telecommunications company shared better second-quarter earnings than anticipated. T-Mobile posted earnings of $2.84 per share and $21.13 billion in revenue, beating the estimates of $2.67 per share and $21.02 billion from analysts, per LSEG. Las Vegas Sands — The casino operator's stock rallied 6% after second-quarter earnings results topped predictions. Las Vegas Sands reported adjusted earnings of 79 cents per share on $3.18 billion in revenue versus estimates of 53 cents per share and $2.83 billion in revenue from analysts surveyed by LSEG. IBM — The tech stock fell 6% in premarket trading after the company reported below-consensus revenue and gross margin in the software business. Still, IBM delivered stronger results than expected and raised its forecast for full-year free cash flow. Investors could be taking some profit after a strong year that saw shares rally 28%. Viking Therapeutics — Shares dropped 6% after the biopharmaceutical company recorded a wider-than-expected loss per share than Wall Street anticipated. Viking said it lost 58 cents per share in the second quarter, while analysts polled by FactSet expected a loss of 45 cents per share. Molina Healthcare — Shares dove 7% on weaker-than-forecast earnings. Molina earned an adjusted $5.48 per share versus LSEG's analyst consensus estimate of $5.79 per share. — CNBC's Yun Li and Tanaya Macheel contributed reporting.
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ServiceNow
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https://www.cnbc.com/2025/06/25/asana-ceo-dan-rogers-replace-dustin-moskovitz.html?&qsearchterm=ServiceNow
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Asana picks Dan Rogers, formerly of ServiceNow, to replace CEO Dustin Moskovitz
| 2025-06-25T00:00:00 |
Lisbon , Portugal - 12 November 2024; Dan Rogers, CEO, LaunchDarkly, on SaaS Summit stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal.
Collaboration software maker Asana said Wednesday it has chosen former Rubrik and ServiceNow executive Dan Rogers to be its new CEO, replacing co-founder Dustin Moskovitz.
Rogers will start at San Francisco-based Asana on July 21, the company announced. Rogers will leave his post as CEO of LaunchDarkly, a startup with software for carefully releasing code updates. Rogers joined LaunchDarkly in 2023.
Moskovitz co-founded Facebook parent Meta before leaving to start Asana in 2008. In March, Asana said he would retire. Moskovitz will continue as chair of Asana's board of directors as the company works to diversify with artificial intelligence tools. Asana's AI Studio software generated over $1 million in annualized revenue during the April quarter.
"This moment represents an unprecedented opportunity for AI to evolve the way people work, and Dan is the leader with the experience, vision, and expertise needed to guide Asana into its next chapter," Moskovitz said in a statement. "I am excited to support Dan."
Moskovitz, whom Bloomberg estimates is worth over $11 billion, has received $5 in total compensation for the past five fiscal years. Rogers, by contrast, will receive a $650,000 base salary and $35 million in restricted stock units. Rogers will also be eligible for a $650,000 annual target bonus.
Before joining LaunchDarkly, Rogers ran marketing at ServiceNow and Symantec, and he held roles at Amazon Web Services, Microsoft and Salesforce . He arrived at LaunchDarkly after spending three years as president of Rubrik, a data management software company.
After going public through a direct listing in 2020, Asana saw shares rise during the pandemic, alongside other software stocks. The stock price gradually drifted downward, and Moskovitz bought up more and more of the company. On Wednesday, the stock closed at $12.93 per share, down from its record close of $142.68 in November 2021. Moskovitz owns about 39% of outstanding Asana shares, according to FactSet.
The stock was unchanged in extended trading after the CEO announcement.
LaunchDarkly said its chief revenue officer, Marcus Holm, is becoming the startup's president, and Edith Harbaugh, its co-founder and former CEO, will increase her day-to-day involvement as the board searches for a new chief.
"We're grateful for the leadership Dan has brought to LaunchDarkly and the role he's played in helping scale the business," a spokesperson said.
WATCH: Newly public Asana is worth something, but shares are 'too high' to buy, Jim Cramer says
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ServiceNow
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https://www.cnbc.com/2025/05/20/servicenow-moves-into-ai-powered-customer-management-is-it-a-threat-to-salesforce-.html?&qsearchterm=ServiceNow
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ServiceNow moves into AI-powered customer management. Is it a threat to Salesforce?
| 2025-05-20T00:00:00 |
In the battle of the AI agents, competition is heating up for Salesforce . ServiceNow's new artificial intelligence-powered platform for customer relationship management is going after Club name Salesforce's dominance in the space. CRM software "helps track each interaction you have with a prospect or customer," according to Salesforce's own definition . And, it so happens that CRM is also Salesforce's ticker symbol. After years of providing software for companies to manage information technology services and human resources, ServiceNow entered the customer relationship management market in January. Since then, it has bolstered its offering with several acquisitions, including Moveworks, and announced all the fresh bells and whistles earlier this month at its Knowledge 2025 showcase in Las Vegas. "The cost of losing a customer is higher than ever," ServiceNow CEO Bill McDermott told CNBC on May 6, on the sidelines of his company's gathering. "What we're trying to do is reinvent the category. And that includes how you order things, how you fulfill that order, and how you service the customer relationship." Back in July 2024, Jim Cramer asked Salesforce CEO Marc Benioff whether he's worried about ServiceNow as a competitor. "That's like saying that Wienerschnitzel is competing with McDonald's," scoffed Benioff, who likened Salesforce to McDonald's in his analogy. Benioff's confidence is not unwarranted. According to IDC, Salesforce captured 20.7% of the CRM market in 2024. Other players in CRM include fellow Club name Microsoft , which has an offering within its Dynamics 365 platform, and Oracle . For sure, it will take time to see if CRM upstart ServiceNow can take market share from Salesforce. But ServiceNow is riding momentum out of last month's earnings. NOW CRM YTD mountain ServiceNow vs. Salesforce YTD Since bottoming for 2025 on April 4 with a close of $721.65, ServiceNow stock soared 15% after earnings on April 24 and back above $1,000 per share on May 12. Shares were down just over 3.5% year to date. On ServiceNow's post-earnings call, McDermott said, "CRM and industry workflows continued its momentum in 16 of our top 20 deals, with nine deals that were over $1 million." Shares of Salesforce, while also seeing a bump since late April, were still down 13% year to date ahead of next week's earnings. The stock was down modestly on Monday to around $289. Questions have swirled about whether Salesforce has put too much emphasis on Agentforce, its answer to AI agents. D.A. Davidson downgraded Salesforce to a sell-equivalent rating from neutral last month. The analysts said Salesforce is neglecting its core business "to pursue a premature AI opportunity." Benioff responded to the downgrade in a "Mad Money" interview in April . He told Jim, "Agentforce is not some separate product." He added, "We have pivoted our company hard and fast to completely absorb Agentforce into all of our products." The key competition between ServiceNow and Salesforce in the agentic CRM race lies within services-based call centers, and which company's AI agents can produce higher rates of call deflection away from humans to self-serve or digital options, according to Barclays analyst Raimo Lenschow. "Whoever builds the better agents is going to win this," Lenschow said, adding that it is up to Salesforce to protect its turf. Salesforce's deep industry experience and large customer base offer an advantage. For ServiceNow, this opportunity "is one of the most straightforward ROI [return on investment] situations," he noted. To boost its AI efforts, ServiceNow also announced its expanded partnership with Club name Nvidia . This new facet of their alliance includes the release of Apriel Nemotron 15B, a reasoning model designed for real-time workflow execution. McDermott said Nvidia CEO Jensen Huang and he envision a company that could still operate if every employee called in sick on the same day. "We're building the autonomous company," McDermott said, while sitting next to Huang, in a separate CNBC interview from Knowledge 2025. Salesforce has also been evolving AI, announcing back in September its own collaboration with Nvidia to develop AI agents. The first version of its Agentforce launched in October . Since then, two newer versions, Agentforce 2.0 and 2dx were made available in February and April. During its fiscal 2025 fourth quarter earnings call back in February, Salesforce reported 3,000 paying Agentforce customers. Salesforce is set to report its fiscal 2026 first quarter on May 28. We'll be looking for three things: proof that the company has not neglected its core business, momentum in Agentforce, and continued cost discipline. Jim believes in Agentforce — and thus far, he's confident in Salesforce's long-term business plan. (Jim Cramer's Charitable Trust is long CRM, NVDA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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ServiceNow
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https://www.cnbc.com/2025/04/24/servicenow-shares-earnings-guidance.html?&qsearchterm=ServiceNow
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ServiceNow shares pop 15% on strong earnings, upbeat guidance
| 2025-04-24T00:00:00 |
Bill McDermott, chairman and CEO of ServiceNow, speaks during an interview on the floor at the New York Stock Exchange on Oct. 26, 2023.
ServiceNow shares surged more than 15% on stronger-than-expected first-quarter results and an upbeat forecast despite the uncertain macroeconomic environment.
The enterprise technology company posted adjusted earnings of $4.04 per share on $3.09 billion in revenue. That topped a consensus estimate of $3.83 in earnings per share and $3.08 billion in sales, according to LSEG. Revenues grew about 19% from a year ago.
ServiceNow reported net income of $460 million, or $2.20 per share. That is up from $347 million, or $1.67 per share in the year-ago quarter. Current remaining performance obligations reached $10.3 billion, jumping 22% year over year. The company also lifted its full-year forecast.
"While our business remains strong, we are only flowing through part of those benefits into our full‑year outlook" to account for any pending risks from the geopolitical environment, the company said in a release.
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PepsiCo
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https://www.cnbc.com/2025/09/06/elliotts-plan-for-pepsico-includes-investing-in-some-of-its-iconic-brands-shedding-others.html?&qsearchterm=PepsiCo
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Elliott's plan for PepsiCo includes investing in some of its iconic brands, shedding others
| 2025-09-06T00:00:00 |
Business: PepsiCo is one of the world's largest consumer packaged goods companies, with a portfolio of some of the most iconic brands in food and beverage. Its brands include: Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker and SodaStream. Its segments include Frito-Lay North America (FLNA); Quaker Foods North America (QFNA); PepsiCo Beverages North America (PBNA); Latin America (LatAm); Europe; Africa, Middle East and South Asia (AMESA), and Asia Pacific, Australia and New Zealand and China Region (APAC). FLNA makes, markets, distributes and sells branded convenient foods, which include branded dips, Cheetos cheese-flavored snacks, Doritos tortilla chips, Fritos corn chips, Lay's potato chips, and others. QFNA's products include Cap'n Crunch cereal, Life cereal, Pearl Milling Company syrups and mixes, Quaker Chewy granola bars, Quaker grits, Quaker oatmeal and others. PBNA makes, markets and sells beverage concentrates and fountain syrups under various beverage brands, including Aquafina, Bubly, Diet Pepsi, Gatorade and others.
Activist: Elliott Investment Management
Ownership: ~1.9%
Average Cost: n/a
Activist Commentary: Elliott is a multistrategy investment firm that manages about $76.1 billion in assets (as of June 30, 2025) and is one of the oldest firms of its type under continuous management. Known for its extensive due diligence and resources, Elliott regularly follows companies for years before making an investment. Elliott is the most active of activist investors, engaging with companies across industries and multiple geographies.
What's happening
On Tuesday, Elliott sent a presentation and letter to the board of PepsiCo detailing the company's opportunity to reaccelerate growth and improve performance through greater focus, improved operations, strategic reinvestment and enhanced accountability.
Behind the scenes
PepsiCo is one of the world's largest consumer packaged goods companies, with a portfolio of some of the most iconic brands in food and beverage. Globally, the company is the number one player in snacking and the number two player in beverages trailing only Coca-Cola .
Pepsi is divided between its North America business (60% of revenue) and International (40%). Within North America, its segments are PepsiCo Foods North America and PepsiCo Beverages North America, each of which account for about 30% of the company's total revenue. Frito-Lay North America, which makes up about 90% of PFNA, is the dominant leader in salty snacks and a consistent growth driver. PBNA has a portfolio of iconic brands, like its flagship Pepsi, Mountain Dew, and Gatorade, and a reach that rivals Coca-Cola in a very attractive and high-margin end market. Despite its scale, brand strength and track record of growth, Pepsi's stock has underperformed, losing almost $40 billion in market cap over the past three years and trailing its benchmark, the S&P Consumer Staples Index, by 169 percentage points over the past 20 years.
Strategic missteps in the company's core North America businesses are at the root of this underperformance. In 2010, both Coca-Cola and Pepsi acquired most of their bottlers. However, while Coca-Cola moved to refranchise its bottling business, Pepsi kept these vertically integrated. This decision has proven to be a costly mistake for the PBNA segment.
Prior to this strategic divergence, PBNA's operating margins were 300 bps higher than Coca-Cola. Now, PBNA's operating margins are 1,000 bps lower, reflecting the cost pressures that come with keeping these cost-intensive and lower margin operations in house.
PBNA's second misstep was its response to the changes in consumer soda preferences. As soda consumption declined in the early 2000s, PBNA shifted its focus away from soda and towards healthier categories. While this was justified at the time, soda preferences have since stabilized, yet PBNA has not been reinvesting into soda. This lack of focus on its core products has had serious repercussions, including the delayed launch of Pepsi Zero Sugar and reduced investments in core brands like Mountain Dew. Moreover, instead of putting money into these proven brands and products, Pepsi has overextended into weaker brands like Starry, Rockstar, and SodaStream, while also expanding into other stock-keeping units, or SKUs, including limited-time offerings and flavor extensions, resulting in higher manufacturing and distribution costs. As a result, PBNA has around 70% more SKUs than Coca-Cola despite generating about 15% less in retail sales.
PBNA's weaknesses have forced Pepsi to become increasingly dependent on PFNA, and its FLNA core, to sustain overall growth and meet performance targets.
In 2020, expecting increased demand from Covid, Pepsi began to pursue aggressive investment in PFNA, with capital expenditures rising from $3.3 billion in 2018 to $5.2 billion in 2022. There was some logic to this decision at the time, but the Covid-fueled growth didn't last. Yet capex has continued to rise to $5.3 billion in 2024, despite FLNA sales actually contracting 0.5%.
To make matters worse, Pepsi was not just increasing capex, but selling, general and administraive costs as well and PFNA's operating margins fell from 30% to 25% over this time period.
These problems have heavily weighed on Pepsi's overall performance, as it has caused the market to largely overlook its prosperous international business, which is growing quickly with expanding margins. Once a premium growth offering, Pepsi currently trades at 18x P/E versus a ten-year average of 22x, and an over 4 turn discount to its benchmark compared to a historical 1.4 turn premium.
Elliott, who has announced a $4 billion position in PepsiCo, issued a letter and comprehensive presentation detailing its opportunity to reaccelerate growth and improve performance through greater focus, improved operations, strategic reinvestment and enhanced accountability. For PBNA, Elliott believes the first step is refranchising the bottling network. This move makes a lot of sense – returning to a system that historically outperformed its closest competitor - from the time PepsiCo refranchised its bottlers in 1999 until it repurchased them in 2010, the PepsiCo system significantly outperformed the Coca-Cola system.
Next is portfolio optimization. PBNA simply has too many products and needs to rationalize its SKU count and divest from underperforming brands. Elliott points to the recent sale of Rockstar to Celsius as a prime example of the opportunities that exist to simplify the portfolio.
Both of these steps should free up PBNA's spending power, which Elliott believes should be reinvested in the core soda franchises and select new growth categories (i.e. protein and probiotics). For PFNA, given its significant deceleration in top-line growth, Elliott believes it is time to halt this aggressive growth strategy and realign its cost base and optimize the portfolio.
Elliott specifically points to Quaker as a potential divesture, highlighting its center of the plate products that rest outside FLNA's snack core. Moves like these would allow PFNA to concentrate on areas where it has true competitive advantage, specifically in its FLNA products, as well as help restore margins and free up capital for reinvestment in both organic growth and accretive bolt-on M&A. Elliott believes that these changes to the North American business would not only improve the company's operations but also help reset the greater Pepsi investment story.
Currently, this is a story of underperformance and poor execution, which has weighed down on the company's valuation and left the international business overlooked and at a discount.
Specifically, Elliott believes that if this plan is implemented effectively, it can provide at least 50% upside to shareholders. Elliott is one of the most prolific activist investors today and has the resources and track record to influence meaningful change at these types of megacap companies.
But track record and resources are meaningless if you do not present a comprehensive plan that demonstrates a thoughtful path for long-term value creation, and Elliott's 74-page presentation does just that.
Additionally, while activists are often unfairly stereotyped as short-term investors due in part to some who are occasionally correctly characterized that way, this presentation should be viewed as "Exhibit A" in how activists like Elliott have evolved over the years to be long-term minded in alignment with shareholders. Elliott's plan includes recommendations like: "Reinvest to Revitalize Core and Grow with Focus," "Pursue Organic and Inorganic Investment To Drive Long-Term Growth," "then use the incremental proceeds from these actions to reinvest to drive long-term growth," and "By right-sizing costs and shedding non-core assets, PFNA can unlock capital to reinvest both organically and inorganically to fuel long-term grow."
In fact, in 74 pages, Elliott uses the word "reinvest" 54 times and not once uses the word "buyback" despite acknowledging how undervalued Pepsi shares are now. Yes, share buybacks now might be great for the short-term, but Elliott's reinvestment plan is what will be best for the long-term.
For all of these reasons, it is hard to argue with Elliott's analysis or recommendations and we would expect that shareholders and management agree with much, if not all, of it. Assuming that, the next step is execution of the plan and this might be the most understated, but important, part of Elliott's presentation.
A good activist and good board members support management in executing their plan but holds them accountable if they fall short. That is exactly what we expect Elliott to do here. At this early stage, Elliott's plan appears straightforward enough that we do not expect there to be much pushback, and governance changes do not seem necessary at this point to make an impact. That being said, we expect Elliott to continually monitor the situation and progress of management and hold them accountable if they fail to deliver on strategic actions and updated financial targets.
Ken Squire is the founder and president of 13D Monitor, an institutional research service on shareholder activism, and the founder and portfolio manager of the 13D Activist Fund, a mutual fund that invests in a portfolio of activist 13D investments.
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PepsiCo
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https://www.cnbc.com/video/2025/09/08/cramers-stop-trading-pepsico.html?&qsearchterm=PepsiCo
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Cramer's Stop Trading: PepsiCo
| 2025-09-08T00:00:00 |
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Cramer's Stop Trading: PepsiCo
Jim Cramer breaks down why he's keeping an eye on shares of PepsiCo.
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PepsiCo
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https://www.cnbc.com/video/2025/09/03/cramers-stop-trading-pepsico.html?&qsearchterm=PepsiCo
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Cramer's Stop Trading: PepsiCo
| 2025-09-03T00:00:00 |
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Cramer's Stop Trading: PepsiCo
Jim Cramer breaks down why he's keeping an eye on shares of PepsiCo.
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PepsiCo
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https://www.cnbc.com/video/2025/09/02/i-dont-have-a-solution-for-the-glp-1-problem-says-jim-cramer-on-pepsico.html?&qsearchterm=PepsiCo
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I don't have a solution for the GLP-1 problem, says Jim Cramer on PepsiCo
| 2025-09-02T00:00:00 |
'Mad Money' host Jim Cramer digs into activist investing in PepsiCo.
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PepsiCo
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https://www.cnbc.com/video/2025/09/02/elliott-takes-4-billion-stake-in-pepsico.html?&qsearchterm=PepsiCo
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Elliott takes $4 billion stake in PepsiCo
| 2025-09-02T00:00:00 |
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Elliott takes $4 billion stake in PepsiCo
CNBC's Leslie Picker joins 'The Exchange' to discuss activist investment fund Elliot Investment Management multi-billion dollar stake in PepsiCo.
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PepsiCo
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https://www.cnbc.com/2025/08/29/pepsico-boosts-stake-in-energy-drink-maker-celsius.html?&qsearchterm=PepsiCo
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PepsiCo boosts stake in energy drink maker Celsius in $585 million deal
| 2025-08-29T00:00:00 |
Cases of Celsius energy drinks at a store in San Francisco on March 17, 2025.
PepsiCo has increased its stake in energy drink maker Celsius Holdings through a $585 million deal, the companies said on Friday.
The deal, under which the soda giant bought 5% of Celsius' preferred stock, brings PepsiCo's stake in the company to about 11% after conversion. PepsiCo had paid $550 million for an 8.5% stake in Celsius in 2022.
Shares of Celsius, which have more than doubled in value this year, surged 11% in premarket trading on the news.
As part of the agreement, Celsius' health and wellness drinks brand, Alani Nu, will move into PepsiCo's distribution system in the U.S. and Canada.
The increase in stake comes as PepsiCo seeks to capitalize on Alani Nu's rapid growth and broad appeal among fitness-focused female consumers.
Celsius had bought Alani Nutrition in a $1.8 billion deal earlier this year.
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PepsiCo
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https://www.cnbc.com/video/2025/08/29/celsius-ceo-on-boosted-stake-from-pepsico-we-now-have-a-multi-portfolio-approach.html?&qsearchterm=PepsiCo
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Celsius CEO on boosted stake from PepsiCo: We now have a multi-portfolio approach
| 2025-08-29T00:00:00 |
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Celsius CEO on boosted stake from PepsiCo: We now have a multi-portfolio approach
John Fieldly, Celsius Holdings CEO, joins CNBC's 'Squawk on the Street' to discuss the company's new deal with PepsiCo, areas of growth, and much more.
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PepsiCo
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https://www.cnbc.com/2025/09/02/stocks-making-the-biggest-premarket-moves-.html?&qsearchterm=PepsiCo
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Stocks making the biggest premarket moves: Kraft Heinz, PepsiCo, Biogen, Signet Jewelers and more
| 2025-09-02T00:00:00 |
Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant rose nearly 6% after activist investor Elliott Management took a $4 billion stake in the company, touting a "rare" and "historic" opportunity for a turnaround at the iconic soft drink and snack company. The investment by Elliott, founded by Paul Singer, was first reported by The Wall Street Journal . Elliott, now one of Pepsi's five largest active investors, sent a presentation and letter to Pepsi's board of directors Tuesday, detailing an agenda for restoring business momentum. Kraft Heinz — The company confirmed earlier reports that it would split up into two publicly traded companies through a tax-free spinoff. The names of the two new companies will be determined at a later date. One unit, which currently goes by Global Taste Elevation, will include Kraft's shelf-stable products such as Heinz and Kraft Mac & Cheese. The other one, North American Grocery, will include brands such as Oscar Mayer and Lunchables. Shares were little changed. Constellation Brands — The stock tumbled 8.3% after the brewer cut its full-year guidance. It now expects earnings to come in between $10.77 and $11.07 per share, down from its prior guidance of between $12.07 and $12.37 per share. Signet Jewelers — The jeweler popped 3.8% on better-than-expected results for the second quarter. Signet earned $1.61 per share, excluding certain items, on revenue of $1.54 billion. Analysts polled by FactSet expected a profit of $1.24 per share on revenue of $1.5 billion. The company also increased its full-year earnings guidance. Nio — U.S.-listed shares of the Chinese electric-vehicle maker moved 1.5% higher. Nio had 31,305 deliveries in August, a new record . However, the company posted disappointing adjusted earnings and revenue for its second quarter. Air Lease — Shares rose more than 6% after the aircraft leasing company reached a merger deal with Apollo, Brookfield, SMBC Aviation Capital and Sumitomo. The deal, which is expected to close in the first half of next year, values the company at about $28.2 billion, including debt. Cytokinetics — The late-stage biopharmaceutical company soared 27% after it said a clinical trial of its heart disease drug, aficamten, showed a meaningful improvement in patients with symptomatic obstructive hypertrophic cardiomyopathy, than the standard of care, metoprolol. Lam Research — The stock fell 3.7% following a downgrade at Morgan Stanley to underweight from equal weight. The bank said it doesn't expect Lam Research to sustain growth into 2026. Corning — The glass manufacturer gained 1.3% after UBS upgraded the stock to buy from neutral, citing ongoing artificial intelligence-driven growth. Biogen — The biopharma stock added 1.6% after Biogen and Eisai said the U.S. Food and Drug Administration approved an injectable version of their Alzheimer's disease drug, Leqembi. Alibaba — U.S.-listed shares of the Hong Kong-based technology giant added 1%. Last week, Alibaba reported earnings and CNBC reported, citing people familiar, that the company was developing a new artificial intelligence chip . Newmont — The gold miner gained 2% after the precious metal hit a record high of $3,508.50 earlier in Tuesday's session. — CNBC's Fred Imbert and Alex Harring contributed reporting.
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PepsiCo
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https://www.cnbc.com/2025/08/14/pepsico-is-breaking-out-after-months-of-underperformance-charts-show.html?&qsearchterm=PepsiCo
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PepsiCo is breaking out after months of underperformance, charts show
| 2025-08-14T00:00:00 |
While other large-cap names were thriving off their April lows, shares of PepsiCo (PEP) actually made a new 52-week low in May. This week, the beverage and snack heavyweight completed an upside rotation, pushing above its 200-day moving average for the first time since October. Today we'll dig into the dynamics of this impressive turnaround story, show how a much larger rotation could be taking place, and identify key levels to watch to confirm further bullish breakouts. After achieving a series of new 52-week lows in April and May, PEP stabilized around the $127 level with a series of lows into late June. An initial push higher was accelerated after their July earnings release, bringing a fresh test of the 200-day moving average. After a brief pullback to the 21-day exponential moving average, Pepsi finally pushed above the 200-day as well as a major trendline connecting the October 2024 and March 2025 price peaks. The rally in Q1 stalled out just below the 200-day moving average, confirming a lack of upside momentum as the RSI failed to get much above the 60 level. On this latest upswing, the RSI pushed well above 60 and has remained above 50 since the end of June. This improved momentum situation suggests plenty of fuel for continued gains above current levels. Applying a Fibonacci framework to the daily chart, we can see that the recent test of the 200-day moving average also represented a 61.8% retracement of the March to May downtrend phase (pink lines). The July swing high was also right around a 38.2% retracement of a much larger downtrend, from the summer 2024 highs to the May 2025 low (green lines). This week's rally has now pushed PepsiCo above both of these Fibonacci retracement levels, indicated with an orange shaded area on the chart. If the current uptrend phase continues in the coming weeks, we'd look for an upside objective in the $156-$158 range, represented by the blue shaded area. This price zone is derived from 61.8% retracement of the long-term Fibonacci framework, and would also mean a 100% retracement of the March to May downtrend. When trying to better understand the context of a particular price move, I was taught, "When in doubt, zoom out." With that mantra in mind, we're now looking at a monthly chart for PEP going back to 2005. The last time Pepsi saw a pullback of this magnitude was during the Great Financial Crisis. After the eventual low in 2009, a bullish crossover from the monthly PPO indicator confirmed a new uptrend phase that essentially lasted until the 2023 peak. While a similar bullish signal may not guarantee the same extended bullish run for Pepsi, the PPO indicator could confirm an "all clear" of sorts for this consumer staples heavyweight. All long-term uptrends begin with short-term breakouts, and the recent upswing above the 200-day moving average could be a sign of much greater gains in store for Pepsi. David Keller, CMT marketmisbehavior.com DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
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Intuit
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https://www.cnbc.com/video/2025/09/22/final-trades-intuit-coinbase-uber-and-bitmine-immersion-tech.html?&qsearchterm=Intuit
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Final Trades: Intuit, Coinbase, Uber and Bitmine Immersion Tech
| 2025-09-22T00:00:00 |
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Final Trades: Intuit, Coinbase, Uber and Bitmine Immersion Tech
The Investment Committee give you their top stocks to watch for the second half.
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Intuit
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https://www.cnbc.com/video/2025/08/22/intuit-ceo-im-bullish-about-our-year-and-future.html?&qsearchterm=Intuit
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Intuit CEO: I'm bullish about our year and future
| 2025-08-22T00:00:00 |
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Intuit CEO: I'm bullish about our year and future
Sasan Goodarzi, Intuit CEO, joins 'Money Movers' to discuss Q2 earnings as shares slide on report and the impact of AI on business.
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Intuit
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https://www.cnbc.com/2025/08/21/stocks-making-the-biggest-moves-after-hours-intu-wday-rost.html?&qsearchterm=Intuit
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Stocks making the biggest moves after hours: Intuit, Workday, Ross Stores and more
| 2025-08-21T00:00:00 |
Check out the companies making headlines after hours: Intuit — Shares dropped roughly 6% even after the financial technology company reported fiscal fourth-quarter results that topped Wall Street's expectations. Intuit reported adjusted earnings of $2.75 per share on revenue of $3.83 billion. Analysts polled by LSEG had expected earnings per share of $2.66 on revenue of $3.75 billion. Workday — The stock slid nearly 6%. The human resources software company said it sees third-quarter subscription revenue coming in at $2.24 billion, in line with analysts' expectations, per StreetAccount. Third-quarter adjusted operating margin is expected to be 28.0%, just slightly below the StreetAccount consensus call for 28.1%. Ross Stores — Shares rose roughly 2% after Ross Stores reported second-quarter earnings of $1.56 per share, beating the LSEG earnings per share estimate of $1.54. On the other hand, revenue of $5.23 billion missed the $5.57 billion consensus estimate. Zoom Communications — Shares jumped 5% after Zoom Communications reported second-quarter results that exceeded expectations. The communications technology company reported adjusted earnings of $1.53 per share on revenue of $1.22 billion. Analysts polled by LSEG had expected earnings of $1.37 per share on revenue of $1.20 billion.
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Intuit
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https://www.cnbc.com/2025/08/22/stocks-making-the-biggest-moves-premarket-nvda-intu-wday-rost.html?&qsearchterm=Intuit
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Stocks making the biggest moves premarket: Nvidia, Intuit, Workday, Ross Stores and more
| 2025-08-22T00:00:00 |
Check out the companies making headlines before the bell: Nvidia — The artificial intelligence chip darling fell more than 1% after it reportedly asked some of its component suppliers to halt production of its H20 graphics processing units. The company is also reportedly having conversations with the U.S. government about shipping a more advanced chip to China. Intuit — The stock pulled back more than 6%. While the financial technology company's fourth-quarter results surpassed expectations — its adjusted earnings of $2.75 per share on revenue of $3.83 billion beat the $2.66 per share on revenue of $3.75 billion that analysts surveyed by LSEG had expected — its revenue growth for the first quarter came in weaker than expected. The company guided growth of between 14% and 15% year over year for that quarter, below the 15.9% that analysts polled by FactSet had penciled in. Workday — The human resources software company shed 4% after it issued third-quarter subscription revenue guidance of $2.24 billion, in line with analysts' expectations, per StreetAccount. It expects third-quarter adjusted operating margin to be 28%, just slightly below the 28.1% StreetAccount consensus estimate. Workday warned of challenges in its government and education businesses. Zoom Communications — Shares of the communications technology company popped more than 4% after its second-quarter results beat Wall Street's expectations. Zoom Communications posted adjusted earnings of $1.53 per share on revenue of $1.22 billion, while the LSEG analyst consensus had anticipated earnings of $1.37 per share on revenue of $1.2 billion. RLX Technology — Shares of the China-based e-vapor company jumped more than 8% after its second-quarter earnings and revenue topped analysts' expectations, per FactSet. Its revenue for the quarter also saw a 40.3% increase from the same period a year ago. Ross Stores — The discount retailer chain's shares rose more than 3% after the company earned $1.56 per share, exceeding the forecast for $1.54 per share. On the other hand, it reported $5.23 billion for second-quarter revenue, under the $5.57 billion consensus estimate per LSEG. Cenovus Energy — Shares of the Canadian oil and gas producer rose 0.5% after it said it will acquire MEG Energy in a cash-and-stock deal valued at $7.9 billion, or $5.68 billion, including debt, as noted in Canadian currency. The deal is expected to close in the early fourth quarter this year. Lucid — The electric vehicle maker's stock fell more than 1% after the company said its 1-for-10 reverse stock split is expected to go into effect after the bell next Friday. It also said the stock is expected to begin trading on a split-adjusted basis at market open on Sept. 2. — CNBC's Alex Harring and Michelle Fox Theobald contributed reporting.
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Intuit
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https://www.cnbc.com/video/2025/06/26/intuit-ceo-we-had-breakthrough-adoption-with-turbotax-in-this-year.html?&qsearchterm=Intuit
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Intuit CEO Sasan Goodarzi: We had breakthrough adoption with TurboTax in this year
| 2025-06-26T00:00:00 |
Intuit CEO Sasan Goodarzi: We had breakthrough adoption with TurboTax in this year
CNBC's "Mad Money" host Jim Cramer is joined by Intuit CEO Sasan Goodarzi to discuss the latest tax season's impact on the company, how it is leveraging AI tools and more.
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Intuit
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https://www.cnbc.com/2025/05/23/intuit-shares-pop-9percent-on-earnings-beat-rosy-guidance.html?&qsearchterm=Intuit
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Intuit shares pop 8% on earnings beat, rosy guidance
| 2025-05-23T00:00:00 |
Shares of Intuit closed up 8% on Friday, a day after the company reported quarterly results that beat analysts' estimates and issued rosy guidance for the full year.
Intuit, which is best known for its TurboTax and QuickBooks software, said revenue in the fiscal third quarter increased 15% to $7.8 billion. Net income rose 18% to $2.82 billion, or $10.02 per share, from $2.39 billion, or $8.42 per share, a year earlier.
"This is the fastest organic growth that we have had in over a decade," Intuit CEO Sasan Goodarzi told CNBC's "Closing Bell: Overtime" on Thursday. "It's really incredible growth across the platform."
For its full fiscal year, Intuit said it expects to report revenue of $18.72 billion to $18.76 billion, up from the range of $18.16 billion to $18.35 billion it shared last quarter. Analysts were expecting $18.35 billion, according to LSEG.
"We're redefining what's possible with [artificial intelligence] by becoming a one-stop shop of AI-agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses," Goodarzi said in a release Thursday.
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Intuit
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https://www.cnbc.com/2025/05/22/intuit-intu-q3-2025-earnings-report.html?&qsearchterm=Intuit
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Intuit tops Wall Street estimates after tax season, issues strong guidance
| 2025-05-22T00:00:00 |
Intuit on Thursday reported quarterly results that beat analysts' estimates and issued stronger-than -expected guidance for the full year. The stock rose about 4% in extended trading.
Here's how the company did compared to analysts' estimates compiled by LSEG:
Earnings per share: $11.65 adjusted vs. $10.91 expected
$11.65 adjusted vs. $10.91 expected Revenue: $7.8 billion vs. $7.56 billion expected
Revenue in the fiscal third quarter increased 15% from $6.7 billion a year ago. Intuit is best known for its TurboTax and QuickBooks software. The latest quarter ended on April 30, two weeks after the deadline for filing tax returns in the U.S.
For its full fiscal year, Intuit said it expects to report revenue of $18.72 billion to $18.76 billion, up from the range of $18.16 billion to $18.35 billion it shared last quarter. Analysts were expecting $18.35 billion, according to LSEG.
Intuit will host its quarterly call with investors at 4:30 p.m. ET.
WATCH: Cramer interview with Intuit CEO Sasan Goodarzi
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Intuit
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https://www.cnbc.com/select/6-ways-ai-helps-business-owners-manage-their-finances/?&qsearchterm=Intuit
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6 ways AI helps business owners manage their finances
| 2025-10-01T17:02:41 |
Meanwhile, the percentage of businesses that have never used AI has shrunk from 40% in 2024 to just 23% in 2025.
In July 2025, 71% of small businesses reported regularly using AI tools, according to the latest Intuit QuickBooks Small Business Insights survey , up from 39% the previous year.
This article was paid for by Intuit QuickBooks . AI has created countless opportunities for business owners to become more efficient and reduce human error — even when it comes to managing their finances.
AI can help business owners manage their finances through automation, predictive insights and compliance and risk management.
Owners and solopreneurs can feel the pressure of having more tasks than time. AI allows you to be more efficient in managing financial data and to go deeper — helping you glean critical insights that can impact your daily decision-making and long-term growth.
AI can also assist you by offloading repetitive tasks, transforming data into strategic foresight and ensuring compliance with state and federal regulations. It can even help keep your books organized in case of an audit.
As your business's digital footprint grows, it also becomes more vulnerable to cybercrime. Experian's 2025 Commercial Pulse Report found that financial fraud against small businesses has increased by 70% since the start of the pandemic, at a cost of billions each year. AI can provide checks to help protect your data by monitoring for fraud and unusual transactions.
1. Transaction categorization and reconciliation
AI can suggest categories based on how you’ve classified previous transactions and vendors, reducing time spent on data entry and correcting human error. With the extra assist, you can keep your records more organized and up-to-date.
2. Cash flow forecasting
AI can analyze past revenues, expenses and trends to forecast future cash flow, including when there might be a shortfall. That can help business owners to plan to lower costs or boost marketing efforts.
3. Expense optimization and budgeting support
Savvy business owners can utilize AI to spot cost trends, such as recurring overruns or increased supplier costs, and even suggest ways to reduce spending. AI can also assist in building realistic budgets and analyzing spending data to see where (and possibly why) you’re overspending.
4. Fraud detection and alerts
AI can monitor transaction patterns and alert owners about unusually large payments, duplicate invoices and other anomalies. This could reduce accounting discrepancies and increase the likelihood of detecting human error or fraud.
5. Regulatory compliance
You could use AI to categorize and track relevant financial data, maintain audit trails and ensure your financial documents are safely and accurately stored. Should an audit occur, you’ll be in a better position to answer the call.
6. Accuracy in data transfer and bookkeeping
Manual data entry is error-prone, but AI can help reduce typos, miscategorizations and other mistakes by automating your data transfer. Accurate books help empower confident decision-making.
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Intuit
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https://www.cnbc.com/video/2025/05/23/cramers-mad-dash-intuit.html?&qsearchterm=Intuit
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Cramer's Mad Dash: Intuit
| 2025-05-23T00:00:00 |
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Cramer's Mad Dash: Intuit
Jim Cramer breaks down why he's keeping an eye on shares of Intuit.
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Intuit
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https://www.cnbc.com/2025/05/23/stocks-making-the-biggest-moves-midday-aapl-rost-intu-bah.html?&qsearchterm=Intuit
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Stocks making the biggest moves midday: Apple, Ross Stores, Intuit, Booz Allen Hamilton and more
| 2025-05-23T00:00:00 |
Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in some government spending under the Trump administration and expected ongoing pressure on its business in the first half of the fiscal year. Intuit — Shares of Intuit, which owns TurboTax and QuickBooks software, popped 7.5% after the company reported strong quarterly results . Intuit said its revenue in the fiscal third quarter increased 15% to $7.8 billion. Apple — The tech giant's stock slid 2.6% after President Donald Trump threatened that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Production of Apple's flagship phone happens primarily in China, but the company has been shifting manufacturing to India amid Trump's trade war. Nuclear stocks — Stocks tied to nuclear energy got a bump after Reuters reported , citing sources, that Trump will sign orders to boost nuclear power as soon as Friday. Shares of Oklo and NuScale popped 24% and 14.5%, respectively, while Cameco rose 9%. Constellation Energy added 2.8%. Ross Stores — Shares fell 11% after the off-price retailer withdrew its full-year forecasts , citing uncertainty around tariffs. Ross Stores' second-quarter earnings guidance was also below Wall Street's expectations. Deckers Outdoor — The Ugg boots maker saw its shares drop 19% after Deckers declined to provide full-year guidance for fiscal 2026, citing "macroeconomic uncertainty related to evolving global trade policies." Wolfspeed — Shares of the semiconductor components maker plunged 13%. The company is preparing to file for bankruptcy within weeks. StepStone Group — The investment firm climbed more than 4% after results for the fiscal first-quarter beat expectations. StepStone reported adjusted earnings per share of 68 cents, while analysts surveyed by FactSet were expecting 44 cents per share. Adjusted revenue of $295.9 million was also ahead of a $229.4 million projection. Workday — Shares of the human resources software company dropped 11.8%. Workday issued second-quarter subscription revenue forecast of $2.16 billion, which came in line with the consensus estimate of analysts polled by StreetAccount. Tesla — The electric vehicle maker fell slightly even after Wedbush Securities analyst Dan Ives lifted his price target on Tesla shares ahead of the company's expected robotaxi launch in Austin, Texas, next month. "The golden age of autonomous is now on the doorstep for Tesla," the analyst said. — CNBC's Alex Harring, Jesse Pound, Yun Li and Michelle Fox contributed reporting.
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Citigroup
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https://www.cnbc.com/video/2025/09/24/citigroups-jason-bazinet-disneys-kimmel-fallout-is-just-a-blip.html?&qsearchterm=Citigroup
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Citigroup's Jason Bazinet: Disney’s Kimmel fallout is 'just a blip'
| 2025-09-24T00:00:00 |
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Citigroup's Jason Bazinet: Disney’s Kimmel fallout is 'just a blip'
Jason Bazinet, Citigroup media and entertainment analyst, joins CNBC’s 'Money Movers' to discuss Disney’s response to the Kimmel suspension, the financial impact of its streaming price hikes, and why investors remain focused on parks and streaming over linear TV.
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Citigroup
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https://www.cnbc.com/video/2025/09/25/final-trades-citigroup-cheniere-energy-apple-and-berkshire-hathaway.html?&qsearchterm=Citigroup
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Final Trades: Citigroup, Cheniere Energy, Apple and Berkshire Hathaway
| 2025-09-25T00:00:00 |
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Final Trades: Citigroup, Cheniere Energy, Apple and Berkshire Hathaway
The Investment Committee give you their top stocks to watch for the second half.
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Citigroup
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https://www.cnbc.com/video/2025/09/03/call-of-the-day-citigroup.html?&qsearchterm=Citigroup
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Call of the Day: Citigroup
| 2025-09-03T00:00:00 |
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Call of the Day: Citigroup
The Investment Committee debate the latest Calls of the Day on Citigroup.
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Citigroup
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https://www.cnbc.com/2025/08/20/citigroup-says-this-overlooked-software-provider-can-return-almost-20percent.html?&qsearchterm=Citigroup
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Citigroup says this 'overlooked' software provider can return almost 20%
| 2025-08-20T00:00:00 |
Roper Technologies could deliver meaningful returns over the next year, according to Citigroup. The Wall Street investment bank firm on Tuesday initiated research coverage of the software provider with a buy rating and set its 12-month price target at $626, which implies about 18% total return, including reinvested dividends. "Roper is a vertical software and technology-enabled product leader that has undergone a dramatic shift over the last 2+ decades from its history as an industrial conglomerate to a vertical software leader today," analysts led by George Kurosawa wrote in a 68-page report. "We believe the company's latest more subtle evolution has gone overlooked by investors, with expanded operational and capital allocation capabilities that should drive higher value capture and a path to accelerating organic growth." Citigroup sees a reacceleration in Roper's internal growth into the high single digits in coming months, up from 6% in 2024. Meanwhile, a broadening of the company's mergers and acquisitions strategy should offer "value creation opportunities amid a favorable M & A backdrop with PE facing liquidity challenges and aging portfolios of assets," Kurosawa wrote. Moreover, Citi sees artificial intelligence as yet another opportunity. "We see advantages in an AI world for a vertical-specific provider with unique data sets and domain expertise in applying AI within industry-specific contexts," the report noted. "The decentralized model gives necessary agility and room to monetize (25 AI products in market/dev), while a minority of the portfolio is on seat-based pricing models, limiting downside risk." A majority of analysts are bullish on Roper. Twelve of 19 have a strong buy or buy rating, according to LSEG data, while six rate Roper a hold. The stock was almost 1% higher in late-morning trading Wednesday, leaving its year-to-date gain at just 3.5%, trailing the broad market's 8.5% advance in 2025, excluding dividends. Roper has proven a fallen growth stock lately, dropping about 4% in 2024 after surging more than 26% in 2023. Roper soared in 12 of the 13 years between 2008 and 2021, climbing 47% in 2010 and 42% in 2017 alone.
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Citigroup
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https://www.cnbc.com/video/2025/09/05/final-trades-uber-home-depot-rocket-companies-citigroup.html?&qsearchterm=Citigroup
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Final Trades: Uber, Home Depot, Rocket Companies, Citigroup
| 2025-09-05T00:00:00 |
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Final Trades: Uber, Home Depot, Rocket Companies, Citigroup
The Investment Committee give you their top stocks to watch for the second half.
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Citigroup
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https://www.cnbc.com/2025/07/15/citigroup-c-earnings-q2-2025.html?&qsearchterm=Citigroup
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Citigroup beats second-quarter estimates as markets and banking revenues jump
| 2025-07-15T00:00:00 |
Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025.
Citigroup reported second-quarter results on Tuesday that topped analyst expectations, helping to boost a stock that has already been outperforming the broader market.
Citigroup's net income of $4.02 billion climbed 25% from the same quarter last year. Here's how the bank's results compared with Wall Street expectations:
Earnings: $1.96 per share vs $1.60 per estimate from LSEG
$1.96 per share vs $1.60 per estimate from LSEG Revenue: $21.67 billion vs $20.98 billion estimate
Shares of Citigroup rose 3.7% after the report.
The firm's revenue rose 8% from $20 billion a year earlier as it saw growth across its major business groups. Citigroup reported total markets revenue that was higher by 16% versus the same period a year ago. Equity revenue alone rose 6% year over year, and was up 7% from the first quarter.
Banking was another bright spot, with revenue up 18% over the second quarter of 2024, even with losses on loan hedges.
"We're improving the performance of each of our businesses to take share and drive higher returns," CEO Jane Fraser said in a statement. "With revenue up 8%, Services continues to show why this high-return business is our crown jewel. Markets had its best second quarter performance since 2020 with a record second quarter for Equities. Banking revenues were up 18% and we continue to be at the center of some of the most significant transactions."
The latest results reported Tuesday included the turbulent market period that began in early April. That type of volatility can help boost profits in equity and fixed income trading at major banks, including Citigroup.
"Volatility is going to, I suspect, be a feature not a bug of the new world order, and we will benefit from that," Fraser said on an analyst call Tuesday.
More negatively, Citigroup reported 16% growth in cost of credit, fueled in part by a higher net build in the allowance for credit losses. The bank cited "deterioration" in the economic outlook relative to last year as a reason for the move.
Fraser added that the overall environment has "proven to be more resilient than expected," but the bank is seeing slowdowns in hiring and capital expenditures by clients.
The CEO also said the bank has made "significant progress" in its transformation plan. Citigroup has been pulling back from international markets, and the bank announced layoffs in China in June. However, Fraser said there was no update about the timeline for an initial public offering of the bank's Mexico unit.
Looking forward, Citigroup said in a presentation published Tuesday that it now expects $84 billion in revenue for the full year, the high end of the bank's previous guidance. Fraser also indicated the bank is looking into the use of stablecoins.
The June quarter results come after a first half when Citigroup's stock outperformed the broader market and several of its universal bank peers. As of Monday's close, Citi shares were ahead 24% year to date, and up 38% since April 14, the day before the bank's first-quarter earnings report.
Citigroup raised its quarterly dividend to 60 cents per share from 56 cents earlier this month, after the latest Federal Reserve stress tests.
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Citigroup
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https://www.cnbc.com/2025/08/11/citi-raises-sp-500-forecast-thanks-to-strong-profits-tax-bill-benefits.html?&qsearchterm=Citigroup
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Citigroup raises S&P 500 forecast thanks to strong earnings, tax bill benefits
| 2025-08-11T00:00:00 |
Citigroup doesn't see the stock market's parade ending anytime soon. The bank raised its year-end S & P 500 target to 6,600 from 6,300. That implies upside of 3.3% from Friday's close. Driving the improved forecast are expected benefits from the tax bill signed in July, strong quarterly profits and an improved tariff outlook. "At the post Liberation Day lows, our work suggested that the tariff proposal at that time would essentially take current year growth to essentially flat (in a worst case)," strategist Scott Chronert wrote. "From that point, tariff negotiations, Q1 earnings results (with renewed conviction in the AI infrastructure build out), OBBBA tax reforms, and now Q2 results all support higher index level earnings growth expectations." The U.S. has announced several trade deals since the April stock market low, including one with the European Union and another with Japan. On top of that, second-quarter earnings have largely beaten expectations. FactSet data shows that nearly 82% of S & P 500 companies have topped analysts' estimates. Chronert said corporate profits should remain strong. "After steady downward revisions to consensus over the past year, we are now seeing a positive inflection. We expect that tax reform aspects of OBBBA can still be an upside surprise factor relative to 2H consensus," he said. The One Big Beautiful Bill Act was signed into law on July 4. Stocks are coming off a winning week in which the S & P 500 ended just below its record closing high, while the Nasdaq Composite made a fresh all-time high. This week could be a bumpy one for investors, however, with key U.S. inflation data for July slated for release Tuesday and Thursday. Elsewhere Monday on Wall Street, Wells Fargo raised its price target on Nvidia to $220, implying 20% upside , after the chipmaker reportedly agreed to give the U.S. government 15% of revenue from some chip sales to China in exchange for an export license to the country.
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Citigroup
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https://www.cnbc.com/2025/08/07/this-marketing-platform-stock-has-more-room-to-run-after-strong-earnings-says-citigroup-.html?&qsearchterm=Citigroup
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This marketing platform stock has more room to run after strong earnings, says Citigroup
| 2025-08-07T00:00:00 |
Klaviyo stock could have even more room to run despite a strong postearnings surge this week, according to Citigroup. Citigroup upgraded shares of the marketing automation platform firm to buy from neutral on Thursday, and raised its price target to $50 per share from $40. The firm's forecast implies nearly 42% upside from Wednesday's $35.31 close. Shares have advanced nearly 19% so far this week alone. Second-quarter earnings and revenue surpassed analysts' estimates on Wednesday, and Klaviyo issued a rosy outlook for the current quarter. KVYO 1D mountain Klaviyo stock has soared this week. "Though shares traded up 15% on Wednesday, we see further upside ahead for KVYO with the Shopify ecosystem surging, incremental reassurance on de minimis/tariffs, an AI product cycle call option and catalysts ahead (favorable 2H/'26 numbers set-up, September analyst day)," analyst Tyler Radke said. "We believe Klaviyo has become increasingly underappreciated by investors against the broadening disdain for application software," Radke added. "Unlike peers, Klaviyo's results have held up better and the business is void of many of the terminal value issues (no seat-based pricing, not dependent on [search engine optimization])." Radke also said that past concerns tied to President Donald Trump's tariffs may be less of a headwind than previously thought, and could even possibly benefit in the near term. "We also wouldn't rule out a scenario where KVYO could be a near-term beneficiary of increased messaging volumes around tariff impacts," the analyst said. Radke also said investors may be underappreciating Klaviyo's artificial intelligence opportunity, which is not yet priced in to the stock. "While it's still very early, and there is execution risk, we believe Klaviyo can ride within the 'wake' of Shopify's AI push, where we understand Shopify's strategy as enabling and in some cases relying on partners like Klaviyo (vs. competing)," he said. "Additionally, with shares trading at a historically low multiple, we don't believe success is priced in."
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Citigroup
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https://www.cnbc.com/video/2025/08/22/final-trades-vertiv-holdings-draftkings-palo-alto-and-citigroup.html?&qsearchterm=Citigroup
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Final Trades: Vertiv Holdings, Draftkings, Palo Alto and Citigroup
| 2025-08-22T00:00:00 |
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Final Trades: Vertiv Holdings, Draftkings, Palo Alto and Citigroup
The Investment Committee give you their top stocks to watch for the second half.
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Citigroup
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https://www.cnbc.com/video/2025/07/14/we-want-to-be-looking-to-buy-pullbacks-in-the-sp-500-says-citigroups-scott-chronert.html?&qsearchterm=Citigroup
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We want to be looking to buy pullbacks in the S&P 500, says Citigroup's Scott Chronert
| 2025-07-14T00:00:00 |
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We want to be looking to buy pullbacks in the S&P 500, says Citigroup's Scott Chronert
CNBC's "Squawk on the Street" team discusses tariff uncertainty, earnings expectations and what may be next for U.S. markets with Scott Chronert, U.S. equity strategist at Citigroup.
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Verizon
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https://www.cnbc.com/2025/09/10/us-court-upholds-verizon-46point9-million-fine-over-location-data.html?&qsearchterm=Verizon
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U.S. court upholds Verizon $46.9 million fine over location data
| 2025-09-10T00:00:00 |
Verizon logo displayed on a laptop screen and a smartphone are seen in this illustration photo taken in Krakow, Poland on February 22, 2024.
A federal appeals court on Wednesday upheld the Federal Communications Commission's $46.9 million fine against U.S. wireless carrier Verizon Communications for illegally sharing access to customers' location information.
A three-judge panel of the Second Circuit Court of Appeals rejected Verizon's argument, saying "the customer data at issue plainly qualifies as customer proprietary network information."
In April 2024, the FCC fined the largest U.S. wireless carriers nearly $200 million in total over mishandling customers' location information.
The FCC last year finalized penalties first proposed in February 2020, including the Verizon fine, as well as $80 million for T-Mobile ; $12 million for Sprint, which T-Mobile has since acquired and $57 million for AT&T .
Verizon, which paid the penalty and filed a legal challenge, did not immediately comment.
The carriers sold "real-time location information to data aggregators, allowing this highly sensitive data to wind up in the hands of bail-bond companies, bounty hunters, and other shady actors," then FCC Chair Jessica Rosenworcel said last year.
All the carriers last year vowed to challenge the fines.
Carriers previously allowed the use of location data for programs like roadside assistance, logistics, medical emergency alert services, human trafficking alerts and fraud prevention.
The FCC said carriers relied on contract-based assurances that service providers would obtain consent from carriers' customers before accessing location information.
Lawmakers in 2019 expressed outrage that aggregators were able to buy user data from wireless carriers and sell "location-based services to a wide variety of companies" and others, including bounty hunters.
The FCC said last year that even after being made aware of unauthorized access, the carriers continued to operate programs without adopting reasonable safeguards.
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Verizon
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https://www.cnbc.com/video/2025/09/08/verizon-ceo-hans-vestberg-says-he-expects-growth-in-phone-upgrades-ahead-of-apple-iphone-event.html?&qsearchterm=Verizon
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Verizon CEO Hans Vestberg says he 'expects growth in phone upgrades' ahead of Apple iPhone event
| 2025-09-08T00:00:00 |
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Verizon
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https://www.cnbc.com/video/2025/09/02/calls-of-the-day-newmont-netflix-verizon.html?&qsearchterm=Verizon
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Calls of the Day: Newmont, Netflix, Verizon
| 2025-09-02T00:00:00 |
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Calls of the Day: Newmont, Netflix, Verizon
The Investment Committee debate the latest Calls o the Day.
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Verizon
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https://www.cnbc.com/2025/07/21/verizon-vz-q2-earnings.html?&qsearchterm=Verizon
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Verizon boosts annual forecast on demand for premium plans, tax law benefit
| 2025-07-21T00:00:00 |
U.S. wireless carrier Verizon raised the lower end of its annual profit forecast, benefiting from strong demand for its premium plans and the Trump administration's new tax law.
Shares of the company rose 3.5% on Monday as it also surpassed Wall Street estimates for June-quarter sales and profit, thanks to a 2.2% rise in wireless service revenue.
The telecom major has launched price-lock promotions and broadband-wireless bundles to retain users as competition intensifies from AT&T and T-Mobile , as well as broadband providers Comcast and Charter .
Verizon is also benefiting from favorable U.S. tax reform, which allows companies to immediately write off the full cost of certain new equipment, according to finance chief Tony Skiadas.
He estimated the legislation will boost free cash flow by $1.5 billion to $2 billion this year, prompting Verizon to raise its forecast for the metric to between $19.5 billion and $20.5 billion, up from $17.5 billion to $18.5 billion previously.
The company now expects its 2025 adjusted profit to grow between 1% and 3%, compared with the previously expected range of 0% to 3%.
Verizon pays the highest cash taxes among major U.S. telecom companies, Wells Fargo analysts said earlier this month, adding that the tax law will provide a significant financial boost to the industry.
Shares of AT&T and T-Mobile were both up 2.3%.
However, Verizon posted a surprise drop of 9,000 monthly bill-paying wireless subscribers in the second quarter, reeling from user churn after price hikes in January. Analysts polled by FactSet were expecting an increase of 13,000 subscribers.
To drive growth, Verizon and its rivals have been expanding their fiber-optic assets, which can tap into the growing demand for consumer data.
Verizon in May won approval from the U.S. telecom regulator for its $20 billion acquisition of fiber-optic internet provider Frontier, after it agreed to end its diversity programs.
The sharper focus on internet services helped it post 293,000 broadband net additions in the second quarter.
Overall, Verizon reported revenue of $34.5 billion, beating estimates of $33.74 billion, according to data compiled by LSEG. Its adjusted earnings per share of $1.22 also beat estimates.
Disclosure: Comcast is the parent company of CNBC.
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Verizon
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https://www.cnbc.com/video/2025/07/21/verizon-ceo-hans-vestberg-on-q2-results-we-have-a-really-resilient-strong-business.html?&qsearchterm=Verizon
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Verizon CEO Hans Vestberg on Q2 results: We have a really resilient, strong business
| 2025-07-21T00:00:00 |
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Verizon CEO Hans Vestberg on Q2 results: We have a really resilient, strong business
Verizon chairman and CEO Hans Vestberg joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the economy, growth outlook, capital investment, leveraging AI technology, and more.
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Verizon
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https://www.cnbc.com/video/2025/06/30/verizon-ceo-hans-vestberg-on-celebrating-the-companys-25th-anniversary.html?&qsearchterm=Verizon
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Verizon CEO Hans Vestberg on celebrating the company's 25th anniversary
| 2025-06-30T00:00:00 |
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Verizon CEO Hans Vestberg on celebrating the company's 25th anniversary
Verizon CEO Hans Vestberg joins 'Squawk Box' to discuss celebrating the company's 25th anniversary, state of cable & wireless competition, who the biggest competitors are today, and more.
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Verizon
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https://www.cnbc.com/2025/07/21/stocks-making-the-biggest-moves-midday-xyz-sedg-clf-vz.html?&qsearchterm=Verizon
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Stocks making the biggest moves midday: Block, SolarEdge, Cleveland-Cliffs, Verizon and more
| 2025-07-21T00:00:00 |
Check out the companies making the biggest moves midday: Bruker — The lab instrument and tools maker shed 12% after the company issued weaker-than-expected guidance for the second quarter. The company expects to earn between 32 cents and 34 cents per share on revenue ranging from $795 million to $798 million. Analysts polled by FactSet expected a profit of 42 cents per share on revenue of $813.3 million. Block — The fintech stock surged 8% as it prepares to officially join the S & P 500 before the opening of trading on July 23. Block will replace Hess, which has been acquired by Chevron. Arrowhead Pharmaceuticals — The biotech company fell nearly 12%, adding to its steep decline from the previous session. Shares slid 11.1%, following those of Sarepta Therapeutics. Sarepta Therapeutics — The biotech stock tumbled 7% after the U.S. Food and Drug Administration announced following Friday's close that it was pulling its support for Elevidys, a gene therapy developed by Sarepta used to treat Duchenne muscular dystrophy, after another patient death. Shops such as Leerink Partners, Mizuho and Needham soon downgraded the stock. Alkermes — The biopharma company lost 9% after it announced Phase 2 trial results for its alixorexton drug, which aims to treat patients with narcolepsy Type 1. EQT Corporation — Shares of the largest natural gas producer in the U.S. fell 8% after CEO Toby Rice told the Financial Times that China will win the artificial intelligence race unless Congress streamlines permitting for projects. Pinterest — Shares of the social media company jumped more than 2% after Morgan Stanley analyst Brian Nowak upgraded the stock to overweight from equal weight. Nowak highlighted Pinterest's attractive valuation along with "GPU enabled investments and budding engagement and monetization improvements" as the key reasons for his new rating. SolarEdge — The solar technology manufacturer's stock jumped 8% after analysts at Susquehanna increased their price target for the company to $26. But solar stocks face big headwinds as President Donald Trump moves to end federal support for the sector. Dollar Tree — Shares added 2.2% upon an upgrade to overweight from equal weight at Barclays. Analyst Seth Sigman said he expects a "cleaner growth story" ahead. Cleveland-Cliffs — The steel manufacturer gained 13% after the company said it expected to spend less money than anticipated on capital expenditures and administrative expenses for the full year. That overshadowed a larger-than-expected loss for the second quarter. Verizon — The telecommunications stock rose 5% after posting second-quarter earnings of $1.22 per share on revenue of $34.5 billion. Analysts were expecting earnings of $1.18 billion on $33.74 billion in revenue, according to LSEG. Invesco — Shares added 1% after TD Cowen upgraded the investment management firm to a buy rating from hold. Analyst Bill Katz called Invesco's Friday announcement that it was requesting to migrate its QQQ exchange-traded fund to an open-end fund structure from a unit investment trust a "game changing event." — CNBC'S Spencer Kimball contributed reporting.
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Verizon
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https://www.cnbc.com/2025/07/21/stocks-making-the-biggest-moves-premarket-xyz-pins-vz.html?&qsearchterm=Verizon
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Stocks making the biggest moves premarket: Block, Pinterest, Verizon and more
| 2025-07-21T00:00:00 |
Check out the companies making headlines before the bell: Block — The fintech stock surged 10% as it prepares to officially join the S & P 500 before the opening of trading on July 23. Block will replace Hess, which has been acquired by Chevron. Pinterest — Shares of the social media company jumped more than 5% after Morgan Stanley analyst Brian Nowak upgraded the stock to overweight from equal weight. Nowak highlighted Pinterest's attractive valuation along with "GPU enabled investments and budding engagement and monetization improvements" as the key reasons for his new rating. Dollar Tree — Shares added 2% upon an upgrade to overweight from equal weight at Barclays. Analyst Seth Sigman said he expects a "cleaner growth story" ahead. Target — The big-box retailer saw shares fall more than 1% in premarket trading after Barclays downgraded the stock to underweight from equal weight. The Wall Street firm expects sales at Target will continue to underperform without a bigger strategic shift. Domino's Pizza — Shares popped nearly 4% after the pizza chain reported second-quarter same-store sales that were up 3.4%, beating LSEG estimates of a 2.2% increase. This marked the first U.S. sales beat in five quarters. The company's revenue came in at $1.15 billion, in line with expectations, while its earnings missed consensus estimates. Cleveland-Cliffs — The steel manufacturer gained 7% even after posting a wider-than-expected second-quarter loss. The company lost 97 cents per share, more than the loss of 74 cents analysts polled by LSEG were expecting. The company's $4.93 billion in revenue came in as expected. Verizon — The telecommunications stock rose 5% after posting second-quarter earnings of $1.22 per share on revenue of $34.5 billion. Analysts were expecting earnings of $1.18 billion on $33.74 billion in revenue, according to LSEG. Sarepta Therapeutics — The biotech stock tumbled 8% after the U.S. Food and Drug Administration announced following Friday's close that it was pulling its support for Elevidys, a gene therapy developed by Sarepta used to treat Duchenne muscular dystrophy, after another patient death. Shops such as Leerink Partners, Mizuho and Needham soon downgraded the stock. Invesco — Shares added 2% after TD Cowen upgraded the investment management firm to a buy rating from hold. Analyst Bill Katz called Invesco's Friday announcement that it was requesting to migrate its QQQ exchange-traded fund to an open-end fund structure from a unit investment trust a "game changing event." — CNBC's Yun Li and Pia Singh contributed reporting. Correction: Cleveland-Cliffs lost 97 cents per share in the second quarter. A previous version misstated the loss.
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Verizon
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https://www.cnbc.com/2025/05/16/us-approves-verizon-deal-to-acquire-frontier-after-dei-changes.html?&qsearchterm=Verizon
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U.S. approves Verizon deal to acquire Frontier after DEI changes
| 2025-05-16T00:00:00 |
A sign is posted on the exterior of a Verizon store on September 30, 2024 in Daly City, California.
The Federal Communications Commission said Friday it was approving Verizon Communications' $20 billion deal to acquire fiber-optic internet providers Frontier Communications after the largest U.S. telecom company agreed to end its diversity, equity and inclusion programs.
Verizon agreed to buy Frontier in September for about $9.6 billion and absorb $10 billion in Frontier debt.
Federal Communications Commission chair Brendan Carr said "by approving this deal, the FCC ensures that Americans will benefit from a series of good and common-sense wins. The transaction will unleash billions of dollars in new infrastructure builds in communities across the country."
In February, Carr said he was opening a probe of Verizon for its promotion of DEI programs and said it could be a factor in the Frontier deal.
Verizon said in a letter to Carr seen by Reuters the company was removing its "Diversity and Inclusion" website and removing references to DEI from employee training and making other changes to hiring, career development, supplier diversity and corporate sponsorship practices. Verizon said all of the same provisions will apply to Frontier.
The FCC said Verizon will be able to upgrade and expand Frontier's existing network in 25 states, bringing more fiber to more communities. With the deal, Verizon expects to deploy fiber to 1 million or more American homes annually.
Carr also touted commitments Verizon made to tower and telecom crews.
Verizon will no longer maintain any workforce diversity goals and will drop a component of its management compensation plan that historically included a goal to increase the representation of women and minorities in the company's U.S. workforce.
"Verizon recognizes that some DEI policies and practices could be associated with discrimination," said Verizon chief legal officer Vandana Venkatesh.
Carr, a Republican designated by President Donald Trump in January, told NBC News-parent Comcast in February he was opening a similar probe into the company's promotion of DEI programs.
Trump in January issued sweeping executive orders to dismantle diversity, equity and inclusion programs in the United States and pressured the private sector to join the initiative.
Democratic FCC Commissioner Anna Gomez criticized Verizon as "yet another company capitulates to the administration's attempts to micromanage employment practices and impose heavy regulatory burdens on companies that require the FCC's approval of their transactions."
Disclosure: Comcast is the parent company of CNBC.
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Verizon
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https://www.cnbc.com/2025/05/12/faa-newark-airport-task-force.html?&qsearchterm=Verizon
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FAA launches Newark airport task force with Verizon, L3Harris executives
| 2025-05-12T00:00:00 |
U.S. Transportation Secretary Sean Duffy speaks to reporters during a news conference on Newark Liberty International Airport at the Department of Transportation Headquarters on May 12, 2025 in Washington, DC.
The Trump administration on Monday announced the creation of an emergency task force comprised of executive experts from Verizon , L3Harris and the Federal Aviation Administration to address ongoing telecommunications issues at Newark Liberty International Airport.
Transportation Secretary Sean Duffy said the goal is to add three new telecommunications connections between New York and Philadelphia to ensure communications redundancy, so that if one line goes down, the others will stand up.
While he did not provide an exact timeline for completion, Duffy said he spoke to Verizon CEO Hans Vestberg on Sunday and Verizon is working "as fast as possible."
The announcement follows three incidents in the past two weeks where air traffic controllers tasked with guiding planes in and out of Newark lost their main telecommunication lines. The first two events, on April 28 and May 9, involved 90-second outages in which controllers lost the ability to see and talk to planes.
The outages sparked hundreds of flight delays and disrupted travel for thousands of people. Some air traffic controllers have taken time off to recover from the stress of the outages, according to the FAA.
When the main telecommunications line went down for a third time on Sunday, the backup line functioned properly and controllers did not lose all communications, since the FAA had implemented a software patch, Duffy said during a briefing with reporters. Still, air traffic controllers were concerned and issued a ground stop at the New York-area hub for 45 minutes, according to Duffy.
During the briefing, FAA Acting Administrator Chris Rocheleau said the new task force is comprised of the "right technical experts" with the goal to "keep focus on this every single day and to be transparent about the progress that we're making."
L3Harris is an FAA contractor, and Verizon supports the telecommunication lines that run into the Philadelphia facility where controllers oversee planes at Newark, according to Duffy.
The task force's creation comes less than a week after the Department of Transportation announced a new plan to spend tens of billions of dollars to modernize the U.S. air traffic control system. Duffy said he is waiting on Congress to approve the plan.
Duffy also plans to convene a "delay reduction" meeting on Wednesday with all of the airlines that fly out of Newark airport.
"The goal is to have a manageable number of flights land in Newark," Duffy said. "Families shouldn't have to wait four or five hours for a flight that never takes off."
— CNBC's Leslie Josephs contributed to this report.
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Qualcomm
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https://www.cnbc.com/video/2025/09/24/watch-cnbcs-full-interview-with-qualcomm-ceo-cristiano-amon.html?&qsearchterm=Qualcomm
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Watch CNBC's full interview with Qualcomm CEO Cristiano Amon
| 2025-09-24T00:00:00 |
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Watch CNBC's full interview with Qualcomm CEO Cristiano Amon
CNBC’s “Closing Bell Overtime” team discusses Qualcomm's next generation of mobile and PC processors, the outlook for the semiconductor industry in the age of AI and more with Qualcomm CEO Cristiano Amon.
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Qualcomm
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https://www.cnbc.com/video/2025/09/24/qualcomm-ceo-on-its-new-chips-we-are-going-to-bring-ai-everywhere.html?&qsearchterm=Qualcomm
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Qualcomm CEO on its latest chips: 'We are going to bring AI everywhere '
| 2025-09-24T00:00:00 |
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Qualcomm CEO on its latest chips: 'We are going to bring AI everywhere '
CNBC’s “Closing Bell Overtime” team discusses Qualcomm's next generation of mobile and PC processors, the outlook for the semiconductor industry in the age of AI and more with Qualcomm CEO Cristiano Amon.
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Qualcomm
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https://www.cnbc.com/2025/09/10/qualcomm-bmw-launch-driverless-tech-ceo-says-other-carmakers-next.html?&qsearchterm=Qualcomm
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Qualcomm unveils driverless tech with BMW, sees 'domino effect' of customers
| 2025-09-10T00:00:00 |
A concept car shows off Qualcomm's auto technology. The car was on display at the Qualcomm booth at the IAA Mobility show in Munich on September 9, 2025.
Qualcomm's self-driving technology developed alongside BMW is expected to spark significant interest from other automakers keen to licence the system, the CEO of the U.S. chip giant told CNBC.
The comments underscore how Qualcomm, a major player in smartphone chips, is diversifying its business into new areas, with automotive among its fastest-growing divisions.
Last week, Qualcomm and German auto giant BMW announced an automated driving system that is built on the former's semiconductors.
It's called the Snapdragon Ride Pilot Automated Driving System and is a type of driver-assist feature. It allows hands-free driving on certain roads or even lane changing, but not for the car to be fully driverless.
The system will debut on the new BMW iX3 and the companies say it will be available across 100 countries by 2026.
But while the system has been developed with BMW, Cristiano Amon, CEO of Qualcomm, told CNBC in an interview Tuesday that the technology has been designed to licence to other automakers.
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Qualcomm
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https://www.cnbc.com/video/2025/09/10/we-can-work-with-anybody-and-any-chip-stack-says-qualcomm-ceo.html?&qsearchterm=Qualcomm
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Qualcomm CEO says any automaker can use its driverless tech developed with BMW
| 2025-09-10T00:00:00 |
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Qualcomm CEO says any automaker can use its driverless tech developed with BMW
Cristiano Amon, CEO of Qualcomm, discusses the chipmaker's collaboration with BMW on an automated driving system at the IAA Conference in Munich.
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Qualcomm
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https://www.cnbc.com/video/2025/09/17/final-trades-qualcomm-vertiv-northern-trust-and-the-fxi.html?&qsearchterm=Qualcomm
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Final Trades: Qualcomm, Vertiv, Northern Trust and the FXI
| 2025-09-17T00:00:00 |
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Final Trades: Qualcomm, Vertiv, Northern Trust and the FXI
The Investment Committee give you their top stocks to watch for the second half.
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Qualcomm
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https://www.cnbc.com/2025/07/30/qualcomm-qcom-earnings-q3-2025.html?&qsearchterm=Qualcomm
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Qualcomm beats on earnings, highlights growth in Meta smartglasses
| 2025-07-30T00:00:00 |
Cristiano Amon, CEO & President, Qualcomm, on Centre Stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal.
Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a stronger-than-expected guide for the current quarter. Qualcomm shares slid in extended trading.
Here's how the chipmaker did for the quarter ending June 29 compared to LSEG consensus expectations:
Earnings per share : $2.77 adjusted versus $2.71 expected
: $2.77 adjusted versus $2.71 expected Revenue: $10.37 billion versus $10.35 billion expected
In the current quarter, Qualcomm said it expected $2.85 per share at the midpoint of adjusted earnings on $10.7 billion in revenue at the midpoint. Analysts polled by LSEG were expecting $2.83 in adjusted earnings per share on $10.35 billion in revenue.
Net income during the quarter ending in June was $2.66 billion, or $2.43 per share, versus $2.13 billion, or $1.88 per share a year ago.
Qualcomm's most important business is selling chips for smartphones under its Snapdragon brand, including the central processor and modem for high-end devices made by Samsung. It also provides modems to Apple . Its handset chip business reported $6.33 billion in revenue during the quarter, just shy of Wall Street expectations of $6.44 billion.
Qualcomm expects to lose Apple as a customer for its modem business in the coming years. But the company has been working to diversify its business by making chips for other devices, including Windows PCs and Meta 's Quest virtual-reality headsets and Meta Ray-Bans smart glasses.
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Qualcomm
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https://www.cnbc.com/2025/05/19/qualcomm-to-launch-data-center-processors-that-link-to-nvidia-chips.html?&qsearchterm=Qualcomm
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Qualcomm to launch data center processors that link to Nvidia chips
| 2025-05-19T00:00:00 |
In this article QCOM Follow your favorite stocks CREATE FREE ACCOUNT
Qualcomm on Monday said it plans to launch processors designed for data centers to power artificial intelligence, which will link to Nvidia' s chips. Nvidia's graphics processing units (GPUs) have become a critical component in data centers used to train huge AI models that power applications like chatbots. They are often paired with a central processing unit (CPU) — a market dominated by Intel and AMD . Qualcomm said it is planning to launch a custom CPU for the data center that can connect to Nvidia's GPUs and software. A link to Nvidia's infrastructure is key for any player hoping to crack into the data center given the relevance of the U.S. chip giant's semiconductors for AI. The announcement actually marks a re-entry into the data center market for Qualcomm after previous efforts last decade bore little fruit.
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In 2021, Qualcomm acquired Nuvia, which designs processors based on Arm designs and has been key to the U.S. tech titan's efforts with data center CPUs. "I think we see a lot of growth happening in this space for decades to come, and we have some technology that can add real value added," Cristiano Amon, CEO of Qualcomm, told CNBC in an interview on Monday. "So I think we have a very disruptive CPU." Amon said the company will make an announcement about the CPU roadmap and the timing of its release "very soon," without offering specifics. The data center CPU market remains highly competitive. Big cloud computing players like Amazon and Microsoft already design and deploy their own custom CPUs. AMD and Intel also have a strong presence. Addressing the competition, Amon said that there will be a place for Qualcomm in the data center CPU space. "As long as ... we can build a great product, we can bring innovation, and we can add value with some disruptive technology, there's going to be room for Qualcomm, especially in the data center," Amon said. "[It] is a very large addressable market that will that will see a lot of investment for decades to come." Last week, Qualcomm signed a memorandum of understanding with Saudi-based AI frim Humain to develop data centers, joining a slew of U.S. tech companies making deals in the region. Humain will operate under Saudi Arabia's Public Investment Fund.
Qualcomm CEO Cristiano Amon speaks at Computex 2025 in Taipei on May 19, 2025. Cheng Yu-chen | Afp | Getty Images
Getting into the data center is part of a broader strategy from Qualcomm to diversify its business, which has traditionally been dominated by sales of processors and modems for smartphones. However, Apple, a key customer of Qualcomm, is starting to design its own modems, while other players are looking at self-developed processors. Mario Morales, group vice president of semiconductors and enabling technologies at the International Data Corporation, said that Qualcomm's entrance into the data center space is a good move to help its diversification — and that the market is large enough for a new entrant. "Over the coming five years, the data center will be the fastest growing segment for the semi market as a whole and in the last three years, we've seen the tremendous growth from Nvidia, but companies like Qualcomm have not benefited from that growth because they haven't had a position in the space," Morales said. "I think this announcement begins to change that, and I expect that some of this technology that they bring to this specific market will probably likely come over the next couple years, because it does take some time to establish a product roadmap and begin to engage with customers."
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