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Sportradar Names Sameer Deen COO

Sportradar (SRAD) said Tuesday it has appointed Sameer Deen as chief operating officer, starting May 18.Deen was most recently the chief commercial officer and president at Entain, an international sports betting and gaming entertainment company, Sportradar said.Price: $12.80, Change: $-1.14, Percent Change: -8.18%

$SRAD

Research55d ago

Research Alert: Strong Execution, Softer Outlook: Record Margins Amid Mixed Signals

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Itron's Q1 2026 results beat consensus with revenue of $587M (vs. $572M estimate) despite a 3% decline and non-GAAP EPS of $1.49 (vs. $1.24 estimate), though down $0.03 Y/Y. Record adjusted gross margin expanded 490 bps to 40.7%, fueled by strong execution and projects ahead of schedule. We view these results as validating the business mix evolution, with Outcomes growing 22% to $96M and service revenues surging 30% across all segments, while the new Resiliency Solutions segment contributed $16M. Q2 guidance of $560M-$570M revenue and $1.25-$1.35 EPS came well below consensus of $606M/$1.46, requiring management clarity on project timing explanations. We believe the declining backlog (down 6% to $4.4B) coupled with Networked Solutions revenue declines represent a worrisome double headwind worth monitoring. However, our long-term thesis remains intact as we see the revenue shift toward AI-powered grid analytics as positive, supported by robust $79M free cash flow and accelerating demand in the Outcomes segment.

$ITRI

Mining & Metals55d ago

NG Energy Up 14% As Announces "Significant" New Gas Discovery In Colombia, Graduating To TSX This Week

NG Energy International (GASX.V) was up 14% early Tuesday after it reported "positive" results from the Hechicero-1X well on the Sinu-9 Block in Colombia, an update on drilling operations at the Maria Conchita Block, and the graduation of the company's common shares to the Toronto Stock Exchange, effective April 30, 2026.The company holds a 39% non-operating working interest in Sinu-9 and operates the Maria Conchita Block with an 80% working interest, Tuesday's statement noted.Among highlights, a pre-CDO-San Cayetano interval was discovered during drilling of the Hechicero-1X well with a net pay of 103 ft, said the company, adding initial well tests from this interval delivered a production rate of 26.4 MMcf/d on a 43/128 choke with 1,800 psi well-head pressure.Natural gas was also confirmed through electric log analysis at multiple intervals within the shallower CDO formation and Porquero formation, with a net pay of 288 ft and 149 ft respectively, which is consistent with results at the Magico-1X and Brujo-1X wells, said the company.Current transportation capacity of 30 MMcf/d at Sinu-9 is anticipated to be filled by the combination of Hechicero-1X and the wells already on production, said the company. The initial 18-kilometre pipeline loop is expected to increase capacity to 40 MMcf/d by the end of May 2026, it added.Drilling of the Aruchara-5 well is "on schedule and on budget" at Maria Conchita, the company said.The company said it received a scheduled US$42.5 million cash payment from the M&P transaction in April 2026, with an additional US$42.5 million to be received in July 2026, and remains fully funded for all ongoing capital projects. It received C$7.4 million in cash from warrant and option exercises since the beginning of the year.In connection with the listing on the TSX, its common shares, debentures and warrants will be voluntarily delisted from the TSX Venture Exchange at the close of markets on April 29, 2026. Its trading symbols for the common shares, debentures and warrants will remain "GASX", "GASX.DB" and "GASX.WT.A", respectively.

$GASX.TO$GASX.V

Wire55d ago

Gen, xAI Team Up to Integrate AI Models Into Consumer Platforms

Gen (GEN) and xAI said Tuesday they are launching a partnership to integrate xAI's frontier Grok models into Gen's consumer platforms.The companies said they are teaming up to advance their technologies for use in consumer products like Norton Neo and AI assistants.As part of the collaboration, xAI technology will support AI agentic systems that will operate inside Gen's secure environment, and Gen's Agent Trust Hub will enforce safe agent behavior, the companies said.Financial details were not provided.Price: $19.32, Change: $+0.30, Percent Change: +1.58%

$GEN

Oil & Energy55d ago

US Natural Gas Update: Futures Down Amid Rising Inventories, Drop in LNG Feedgas

US natural gas futures were down on Tuesday, hovering near 18-month lows, amid rising gas injection into inventories, which are now significantly above recent averages.The front-month Henry Hub contract and the continuous contract were down 0.62% at $2.71 per million British thermal units.Last week, the Energy Information Administration reported a net injection of 103 billion cubic feet into storage, ahead of market expectations at 96 Bcf, last year's 77 Bcf build, and the five-year average for this period at 64 Bcf.Meanwhile, natural gas output remained relatively flat at 106.5 Bcf per day, while LNG feedgas flows dropped by 0.5 Bcf/d last week, according to NRG Energy.According to Pinebrook Energy Advisors, both residential and commercial demand still have room to decline before hitting their summer lows, making the outlook further bearish for US natural gas prices, at least in the near term.Weather forecasts, however, have turned bullish, with most regions across the central and eastern US expected to see below-normal temperatures from May 5 to May 11, according to the National Weather Service, adding fresh momentum to the market.

Research55d ago

Research Alert: Syy: Volume Acceleration And Gross Margin Expansion Offset By Expense Pressure

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SYY reported FQ3 adjusted EPS of $0.94 (-2.0% Y/Y), in line with consensus, while revenue of $20.5B (+4.7% Y/Y) was modestly below the $20.6B estimate. U.S. Foodservice case volumes grew 2.3% Y/Y with local volumes accelerating to 3.3%, validating sales force investments despite industry headwinds. We view the volume performance as encouraging and believe it supports SYY's market leadership position. Management maintained full-year FY26 adjusted EPS guidance of $4.50-$4.60, suggesting confidence in Q4 acceleration. Gross margin expanded to 18.6% (+30 bps Y/Y) despite 2.8% product cost inflation, demonstrating effective pricing discipline. However, operating margin compressed to 3.7% (-20 bps Y/Y) due to elevated operating expenses (+8.4% Y/Y), particularly International Foodservice (+15% Y/Y). We believe SYY's Recipe for Growth strategy and diversified customer base position the company well, though moderating expense growth will be key to margin recovery.

$SYY

Mining & Metals55d ago

TELUS Launches AI Accelerator Program, Selects Albion to Deliver VAS Platform

TELUS (T.TO) launched a program with L-SPARK to allow high-potential Canadian startups and scaleups to build, train and deploy advanced AI solutions on Canada's fastest and most powerful sovereign AI supercomputer, TELUS said Tuesday.The TELUS Sovereign AI Accelerator will allow participants to gain access to the TELUS Sovereign AI Factory, paired with tailored business advisory support from L-SPARK.The combination will equip the startups to transform ambitious AI roadmaps into scalable, market-ready offerings that strengthen Canada's position in the global AI economy, TELUS said.Participating companies include Airy3D, Codalio, PataBid and TopoLift.Separately, TELUS selected Albion to deliver a next-generation value-added services (VAS) platform under a partnership with Tecnotree, with an initial deployment of a voicemail application.Under the engagement, Albion will deliver the solution leveraging Tecnotree's proven VAS and digital services platform, supporting TELUS' objectives to modernize service capabilities.As part of the deployment, Albion will provide end-to-end managed services, including platform operations, service assurance, and ongoing lifecycle management.Price: $17.00, Change: $+0.42, Percent Change: +2.53%

$T.TO

Research55d ago

Research Alert: Cms Energy Q1 Beat; Rate Recovery & 9 Gw Load Pipeline Support Outlook

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CMS Energy delivered solid Q1 2026 results with adjusted EPS of $1.13 (+10.8% Y/Y, +2.7% vs. consensus), led by the favorable rate recovery and renewable investments, offset by weather normalization. Management expressed confidence in the high end of 2026 EPS guidance of $3.83-$3.90. We see EPS growth as competitive with midpoint growth of ~7.2% slightly above the peer average of 7.0%, benefiting from Michigan's supportive regulatory framework, including the recent rate case approval of ~66% of its final ask ($217M approved vs. $328M requested). CMS's economic development pipeline remains robust at ~9 GW, with ~110 MW signed year-to-date across semiconductors, data centers, and manufacturing. We like the end market diversification, providing insulation from potential data center delays. The enhanced five-year capital plan of $24B (raised by $4B in Q4) supports a 10.5% rate base CAGR through 2030, positioning CMS for sustained growth toward the high end of its 6%-8% long-term EPS growth target.

$CMS

Wire55d ago

AbbVie Submits Application for Upadacitinib as Alopecia Areata Treatment to FDA

AbbVie (ABBV) submitted to the US Food and Drug Administration an application for upadacitinib's new indication as treatment for adult and adolescent patients with severe alopecia areata, the company said Tuesday.The company said it used data from a phase 3 trial of upadacitinib, also known as Rinvoq, to support the application. The trial met its primary endpoint of a severity of alopecia tool score of less than or equal to 20 at week 24, AbbVie said.Upadacitinib's safety profile in the trial was also consistent with previously announced study results, the company added.Price: $197.37, Change: $-0.03, Percent Change: -0.02%

$ABBV

Wire55d ago

Morgan Stanley Adjusts Public Service Enterprise Price Target to $94 From $90, Maintains Overweight Rating

Public Service Enterprise Group (PEG) has an average rating of overweight and mean price target of $91.38, according to analysts polled by FactSet.Price: $80.39, Change: $+0.18, Percent Change: +0.22%

$PEG

Wire55d ago

Honeywell International Sets June 29 Target for Aerospace Spin-Off Completion

Honeywell International (HON) said Tuesday that it expects to complete the spin-off of its aerospace business on June 29 and has named the incoming board for the standalone Honeywell Aerospace.The spin-off will create one of the largest publicly listed pure-play aerospace and defense companies, with Honeywell aiming to unlock value and sharpen its strategic focus, it said.Honeywell's new 11-member board will be led by former Eaton (ETN) chief executive officer Craig Arnold as independent chair, with Honeywell Aerospace CEO Jim Currier also joining the board alongside other industry leaders, the company added.Price: $212.91, Change: $+0.86, Percent Change: +0.41%

$ETN$HON

Wire55d ago

Morgan Stanley Lifts Old Dominion Freight Line Price Target to $215 From $209, Maintains Overweight Rating

Old Dominion Freight Line (ODFL) has an average rating of hold and mean price target of $207.77, according to analysts polled by FactSet.Price: $219.17, Change: $-1.36, Percent Change: -0.62%

$ODFL

Equities55d ago

Orlen Says Saudi Aramco Oil Deliveries On Track Amid Middle East Conflict

Orlen (PKN.WA) said oil deliveries from Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, remain on schedule and in line with contracted volumes despite the ongoing Middle East conflict, Reuters reported Tuesday.The Polish state-owned energy group, which is receiving supplies from Aramco through the Red Sea port of Yanbu, told the news outlet that it also does not expect any changes in May.In addition, Orlen said it is prepared to meet existing contracts and secure supplies ahead of the seasonal peak demand period from May to September.

$PKN.WASASE:2222

Research55d ago

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

Research55d ago

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

Wire55d ago

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

Treasury55d ago

Canada, U.S. Trade Agreement Likely, Eventually, says Nomura

Nomura has said it expects Canada to ultimately secure a trade agreement with the United States, but it added the most plausible outcome of the CUSMA renegotiations will involve the creation of a more conditional framework that preserves the core of the existing deal.A shift to annual reviews or narrower exemptions would institutionalize volatility and weigh on growth, but less so than in the case of a complete rupture, wrote the bank in a recent note,Downside risks remain elevated, said Nomura, noting talks between the United States and Canada appear to be moving more slowly than those between the U.S. and Mexico; several bilateral trade irritants remain unresolved' and U.S. President Donald Trump has threatened additional levies on Canada in connection with any future trade deals it does with China.Nomura believes both sides have an incentive to strike a deal. A full breakdown in talks would likely push Canada into recession, as Canada cannot meaningfully diversify from the U.S. in the near term, it said. The U.S. also has reason to avoid a more inflationary and disruptive outcome given domestic affordability concerns, it added.

$CXY

Asia55d ago

Jiuyuan Genetic Biopharmaceutical Gets China Nod for Weight Management Drug Trial

Hangzhou Jiuyuan Genetic Biopharmaceutical (HKG:2566) obtained clinical trial approval for the JY54 Injection from China's National Medical Products Administration, according to a Tuesday Hong Kong bourse filing.The product is intended to contribute to glycemic control and weight management.

HKG:2566

Research55d ago

Research Alert: Openai Internal Target Miss Worrisome For The Ai Ecosystem

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:According to a WSJ report, OpenAI missed internal targets for ChatGPT users (failed to reach 1B weekly active users by year-end) and revenue as Google's Gemini gained market share while losing ground to Anthropic in the coding and enterprise markets. The company faces elevated cash burn, while the tension between growth ambitions and financial discipline will be critical to watch. CFO Sarah Friar expressed concerns about meeting future computing contracts if revenue growth doesn't accelerate and reservations about CEO Sam Altman's aggressive IPO timeline by year-end, emphasizing need for improved internal controls first. We believe the companies most at risk should revenue ambitions fall short are ORCL/neoclouds, chipmakers, and hyperscalers (MSFT, AMZN). Any major IPO delay could negatively impact AI infrastructure companies, though we note AI growth is fueled by multiple players beyond OpenAI. SaaS providers could positively react on the news given recent competitive concerns from OpenAI/Anthropic.

$ORCL

Research55d ago

Research Alert: Cvlt Exceeds Expectations On Saas Momentum And Strong Free Cash Flow

$CVLT

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Mining & Metals55d ago

NG Energy Up 14% As Announces "Significant" New Gas Discovery In Colombia, Graduating To TSX This Week

$GASX.TO$GASX.V