Rackspace Technology and some executives face a securities fraud lawsuit for allegedly misleading investors about their 2026 revenue outlook amid a shift to AI infrastructure. The company had reaffirmed revenue guidance while hiding that its AI focus would reduce capacity and profits in its Private Cloud business and that Public Cloud revenue was declining. After cutting revenue guidance by $150 million and announcing a $250 million equity offering, Rackspace's stock dropped 33.6% in one day. Investors who bought Rackspace securities between May 7 and July 8, 2026, may be eligible to join the lawsuit, with a lead plaintiff deadline of September 28, 2026.
Boston Scientific reported strong Q2 results with revenue of $5.442 billion and adjusted EPS of $0.86, surpassing analyst expectations. However, RBC Capital lowered the 2026 stock price target from $85 to $70 due to competitive pressures and a reduce...
AST SpaceMobile, a pioneer in space-based cellular broadband, was upgraded by Scotiabank from Underperform to Sector Perform due to improved outlook. The company faced past challenges including competition from Starlink, slow adoption, satellite dela...
TC Energy reported adjusted Q2 earnings of C$0.94 per share, beating analyst estimates driven by strong North American natural gas pipeline operations. Despite revenue slightly missing some forecasts, the company expects to reach the upper end of its...
Quaker Houghton is set to report quarterly earnings with analysts expecting $1.66 EPS on $504.63 million revenue, signaling a year-over-year earnings decline despite higher sales. The company declared a $0.53 per share dividend, marking its 17th cons...
GraniteShares has announced the weekly distribution amounts for its YieldBOOST ETFs, including COYY, TSYY, NVYY, and others, with distribution rates ranging from about 2% to over 95%. These ETFs use a strategy involving selling put options to generat...
