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Research
Research Alert: Wso: A Q1 Earnings Beat Over Subdued Expectations
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WSO reported Q1 EPS of $1.87, beating consensus by $0.19. Revenues remained flat at $1.53B and gross margins narrowed 20bps to 27.9%. The earnings beat reflected better-than-expected results amid challenging conditions, with U.S. sales rising 2% but international sales falling 11%. Mixed product performance showed HVAC equipment down 1%, other HVAC products up 4%, and commercial refrigeration up 11%, though the latter represents only 5% of sales. The ongoing A2L refrigerant transition, affecting 55% of Q1 products, drove 9% average selling price increases but was offset by lower unit volumes. WSO announced the acquisition of Jackson Supply Company ($230M annual revenues) expected to close in Q2, continuing its acquisition strategy with over 70 HVAC distributor purchases since 1989. Operating cash flow deficits improved dramatically to $19M from $178M in Q1 '25, aided by better working capital management and inventory optimization following significant A2L-related investments in 2025.
$WSO
Research
Research Alert: Cvlt Exceeds Expectations On Saas Momentum And Strong Free Cash Flow
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CVLT delivered solid Q4 results, with revenue of $312M (+13% Y/Y) beating consensus by $5.3M, and non-GAAP EPS of $1.28 exceeding estimates by $0.19. Full-year FY26 revenue reached $1,184M (+19% Y/Y), above guidance, fueled by subscription revenue growth of 30% and a SaaS revenue surge of 52%. Strong operational execution was evidenced by total ARR of $1,122M (+21% Y/Y, 18% constant currency), SaaS ARR of $400M (+40% Y/Y), and record Q4 free cash flow of $132M (+73% Y/Y), while the company repurchased $259M in shares during the quarter. For FY27, CVLT guided subscription revenue of $1,115-1,125M (+46% midpoint) and total revenue of $1,300-1,310M (+11% midpoint), though the revenue midpoint trails consensus of $1,314M. We believe the company's strong SaaS momentum, with net dollar retention improving to 122%, and guided non-GAAP EBIT margin expansion to 20.5% demonstrate solid execution and strong positioning for continued growth in the evolving data protection market.
$CVLT
Australia
Morgan Stanley Adjusts Devon Energy Price Target to $59 From $46, Maintains Overweight Rating
Devon Energy (DVN) has an average rating of overweight and mean price target of $59.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $49.16, Change: $+0.96, Percent Change: +1.99%
$DVN