A class action lawsuit has been filed against Rackspace Technology, alleging the company failed to disclose critical issues affecting its 2026 revenue. The lawsuit claims Rackspace did not inform investors that its shift towards enterprise AI would divert resources from its profitable Private Cloud segment, that Public Cloud revenue was declining due to customers contracting directly with hyperscale platforms, and that a significant reduction in its Public Cloud resale business was likely. These undisclosed factors allegedly made the company's positive statements about its business and prospects misleading. Investors who bought Rackspace shares between May 7 and July 8, 2026, are encouraged to contact the law firm before the September 28 lead plaintiff deadline.
Agios Pharmaceuticals saw its stock surge after H.C. Wainwright raised the price target to $55, implying a 67% upside. The company reported Q2 2026 revenues of $44.75 million, nearly doubling estimates, driven by strong sales of its drug mitapivat (P...
RBC Capital increased its price target for Intesa Sanpaolo to €7.25 from €7.00 and maintained an Outperform rating, citing the bank's strong financial performance. Intesa Sanpaolo reported Q2 net profit of €2.79 billion, beating expectations, and now...
Peapack-Gladstone Financial Corporation announced a quarterly cash dividend of $0.05 per share, payable on August 27, 2026, to shareholders of record as of August 13, 2026. The company is a New Jersey-based bank holding firm with $8 billion in assets...
Inno Holdings Inc. announced that its common stock will resume trading on The Nasdaq Capital Market starting July 31, 2026, after a trading halt was imposed on June 12, 2026, due to unusual trading activities. The company stated it is unaware of any ...
iBUYPOWER, known for gaming PCs, has expanded into professional workstations with its new iBUYPOWER PRO line, targeting creative and technical professionals. These systems feature high-end Intel and AMD CPUs, NVIDIA and AMD GPUs, and come with a new ...
