Anduril CEO Brian Schimpf said the company is not rushing to go public, warning that IPOs during hype cycles can lead to poor returns. Despite soaring demand for defense tech driven by increased military spending, Anduril and other firms face what Schimpf calls "crazy high valuations." The company recently doubled its valuation to $61 billion but prefers to stay private to scale its AI-powered defense systems. This cautious approach reflects broader skepticism about current market pricing for tech IPOs, including those in AI and space sectors.
Argus Research increased its price target for NetApp to $225, citing a 13.5% potential upside from the current price of $198.18. NetApp reported strong fiscal Q1 2027 results with revenues up 29.9% to over $2 billion and non-GAAP EPS rising 66.5% to ...
New Jersey American Water received approval for rate increases that will add $68 million annually to its revenue. This funding supports over $1.4 billion in critical infrastructure upgrades, including replacing aging water mains and improving treatme...
MoneyHero Limited reported Q3 2026 earnings with an EPS of -$0.03 and revenue of $15.75 million, missing analyst estimates. The company is shifting strategy to offer more cash rewards to attract users, which has lowered immediate revenue and resulted...
Block & Leviton is investigating Stryker Corporation for potentially misleading investors about a manufacturing issue affecting its peripheral vascular business. Initially, Stryker's CEO claimed the problem was resolved and expected to be fixed in Q3...
Hooker Furnishings reported Q2 fiscal 2027 earnings of $0.11 per share from continuing operations, beating analyst expectations of a $0.02 loss per share, while total diluted EPS including discontinued operations was $0.15. However, quarterly net sal...
