SentinelOne Reports Strong Q4 Earnings But Falls Short on Guidance
Cybersecurity firm SentinelOne (S) reported strong fourth-quarter earnings, beating revenue estimates but falling short on guidance, leading to a decline in stock value. Despite a 38% increase in revenue, the stock experienced a 9% decline in extended trading. The company’s full-year fiscal revenue guidance fell slightly below expectations, but its Relative Strength Rating remains high at 93. Investors and industry analysts will be closely monitoring SentinelOne’s performance to gauge its growth potential in the cybersecurity sector.
Oracle Corp. Exceeds Wall Street Expectations with Quarterly Earnings
Oracle Corp. reported quarterly earnings that exceeded Wall Street’s expectations, leading to a 13% surge in its shares during extended trading. The fiscal third quarter ending Feb. 29 saw the company’s earnings per share at $1.41, higher than the expected $1.38, while its revenue of $13.28 billion fell slightly short of the $13.3 billion anticipated. Looking ahead, Oracle projected earnings of $1.62 to $1.66 per share for the fiscal fourth quarter, with revenue growth expected to be between 4% and 6% over sales of $13.8 billion a year ago. Oracle CEO Safra Catz expressed the company’s commitment to reaching its previously stated sales goal of $65 billion by fiscal 2026, suggesting that these targets might be too conservative given the company’s momentum. The quarter saw a 7% increase in revenue from a year earlier, with net income climbing 27% to $2.4 billion. The company’s cloud services and license support segment, its largest business, experienced a 12% sales increase to $9.96 billion, attributed to strong demand for its artificial intelligence servers. Additionally, the company’s cloud revenue rose 25% year over year to $5.1 billion. During the earnings call, Oracle Chairman Larry Ellison mentioned increased business from Microsoft, revealing that Oracle is building 20 data centers for Microsoft and Azure, with three more ordered in the recent week. However, the company’s cloud license and on-premise sales declined 3% to $1.26 billion, slightly beating forecasts.
Ferguson plc (NASDAQ:FERG) Expected to Post Earnings of $9.85 Per Share for Fiscal Year 2024
Ferguson plc (NASDAQ:FERG) is expected to post earnings of $9.85 per share for the fiscal year 2024, as forecasted by equity research analysts at William Blair. This estimate has been increased from their prior forecast of $9.84, indicating a positive outlook for the company’s performance. Other analysts have also shared their insights on Ferguson’s stock, with various rating changes and target prices. The latest earnings report showed a slight miss on EPS and revenue, with institutional investors making adjustments to their holdings.
Vermilion Energy Set to Unveil Quarterly Earnings Report
Vermilion Energy, listed as VET on the NYSE, is set to release its quarterly earnings report, with analysts forecasting an EPS of $0.52. Investors are eager to see if the company will exceed expectations and offer positive guidance. Historical performance shows a pattern in how past earnings have influenced stock prices, with the company’s shares currently reflecting a 14.85% decrease over the past year. Despite this, VET stock showed promising signs of improvement on March 5th, potentially indicating a shift in sentiment towards the company.
Retailers Prepare to Announce Earnings, Costco and Abercrombie & Fitch See Stock Surges
Costco, Abercrombie & Fitch, Ross Stores, and Dick’s Sporting Goods are gearing up to announce their earnings, with investors closely monitoring their guidance. Target reported strong Q4 earnings but offered weak Q1 guidance, causing its stock to soar. Analysts anticipate Costco to achieve earnings of $3.62 per share on revenue of $59.11 billion, while Abercrombie & Fitch exceeded expectations for the holiday quarter. Despite positive results, Abercrombie stock fell 3.6% on Wednesday, reaching around 135.
CrowdStrike Reports Surge in Shares Following Strong Earnings and Guidance
Cybersecurity firm CrowdStrike sees surge in shares after beating top and bottom line expectations, reporting strong guidance for upcoming quarter and full year. Company’s stock jumps 21% in after-hours trading. CrowdStrike aims for $10 billion in annual recurring revenue by 2030.
TopBuild Corp. (NYSE:BLD) Expected to Post Q1 2024 Earnings of $4.68 Per Share, Seaport Res Ptn Forecasts
TopBuild Corp. (NYSE:BLD) is projected to post Q1 2024 earnings of $4.68 per share, with a positive outlook from Seaport Res Ptn. The company recently reported earnings that surpassed expectations, leading to increased price targets and ratings from various research analysts. Market data indicates a ‘Moderate Buy’ consensus rating for TopBuild, with favorable stock performance reflecting the positive forecasts and analyst sentiment.
Telsey Advisory Group Forecasts Abercrombie & Fitch Co. Q2 2025 Earnings of $1.30 Per Share
Abercrombie & Fitch Co. (NYSE:ANF) is expected to report second quarter 2025 earnings of $1.30 per share, with Telsey Advisory Group raising their Q2 2025 earnings estimates for the apparel retailer. Other analysts have also issued research reports and price targets for ANF stock, with CFO Scott D. Lipesky recently selling 50,000 shares.
Dell Technologies’ Shares Surge Over 15% After-Hours on Q4 Earnings Beat
Dell Technologies’ shares surged by over 15% in after-hours trading following the release of its fourth-quarter results for fiscal 2024. The company exceeded analysts’ expectations, particularly in the demand for its artificial intelligence servers. Key figures include earnings per share of $2.20 adjusted versus $1.73 expected by LSEG, and revenue of $22.32 billion as opposed to the anticipated $22.16 billion by LSEG. Despite a decrease in revenue from the previous year, Dell reported a net income of $1.16 billion, marking an 89% increase from the same period in the prior year. The company also announced a 20% increase in the annual dividend, now standing at $1.78 per share. Dell anticipates reporting revenue between $21 billion and $22 billion for its first quarter and expressed optimism about AI momentum and returning to growth for fiscal 2025.
Investors Await C3.ai’s Earnings Report
Investors are eagerly awaiting the upcoming earnings report from C3.ai, a key player in the enterprise AI software industry. Despite initial success, C3.ai’s stock has faced skepticism and high short interest, with some analysts expressing doubts about its long-term prospects. C3.ai offers a wide range of enterprise AI applications, catering to various sectors including manufacturing, financial services, government, utilities, and defense. However, C3.ai’s recent financial performance has raised concerns among investors, with uncertainties about its path to profitability. As the enterprise AI sector continues to evolve, C3.ai’s earnings report will provide crucial insights into the company’s performance and its ability to navigate the competitive landscape.